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  "s7_notes__6__5": {
   "value": "<span style=\"display:inherit;clear:left;\">NOTES T<span class=\"_ _c\"></span>O THE CONSOLIDA<span class=\"_ _12\"></span>TED FINANCIAL<span class=\"_ _1\"></span> </span><span style=\"display:inherit;clear:left;\">ST<span class=\"_ _12\"></span>A<span class=\"_ _12\"></span>TEMENTS</span><span style=\"display:inherit;clear:left;\">1) <span class=\"_ _2cb\"> </span>COMP<span class=\"_ _1\"></span>ANY<span class=\"_ _c\"></span> INFORMA<span class=\"_ _11\"></span>TION </span><span style=\"display:inherit;clear:left;\">The Snam Group, which comprises Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>., the Italian parent company, and its subsidiaries (collectively known as </span><span style=\"display:inherit;clear:left;\">\u201cSnam\u201d, the \u201cSnam Group\u201d, the \u201cGroup<span class=\"_ _c\"></span>\u201d or the \u201cgroup\u201d), is a leading integrated group in the regulated gas industry, </span><span style=\"display:inherit;clear:left;\">specializing in transportation, regasification, and storage. It is a significant player in the industry, particularly in terms of its </span><span style=\"display:inherit;clear:left;\">regulatory asset base (R<span class=\"_ _0\"></span>AB). </span><span style=\"display:inherit;clear:left;\">In addition to Italy, through its international subsidiaries, Snam also operates infrastructure in Austria, T<span class=\"_ _c\"></span>unisia, Egypt, </span><span style=\"display:inherit;clear:left;\">the United Arab Emirates, France, Greece and the United Kingdom. Snam invests in innovation and in development of </span><span style=\"display:inherit;clear:left;\">new energy transition businesses, from biomethane and energy efficiency. It also seeks to enable and promote the </span><span style=\"display:inherit;clear:left;\">development of hydrogen to move forward the decarbonization of the energy sector and industr<span class=\"_ _0\"></span>y. </span><span style=\"display:inherit;clear:left;\">Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. is a joint-stock compan<span class=\"_ _c\"></span>y incorporated under Italian law and listed on the Milan Stock Exchange, with registered </span><span style=\"display:inherit;clear:left;\">offices at San Donato Milanese (Milan) - Italy, in Piazza Santa Barbara 7. As required by Article 2428, paragraph five of the </span><span style=\"display:inherit;clear:left;\">Italian Civil Code, it is noted that Snam does not have branch offices.</span><span style=\"display:inherit;clear:left;\">With a resolution of 1 August 2019, the Board of Directors of CDP S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>., which, through its subsidiary CDP Reti S<span class=\"_ _0\"></span>.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>., </span><span style=\"display:inherit;clear:left;\">holds a 31.4% stake in Snam S.p.A<span class=\"_ _0\"></span>., reclassified the investment relationship in the company, which already qualifies as de </span><span style=\"display:inherit;clear:left;\">facto control under IFRS 10 - Consolidated financial statements from 2014, as a de facto control pursuant to Article 2359, </span><span style=\"display:inherit;clear:left;\">paragraph 1, no. 2) of the Italian Civil Code and Article 93 of the TUF<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">CDP S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. has neither formalized nor exercised management and coordination activities over Snam S.p.<span class=\"_ _0\"></span>A..</span><span style=\"display:inherit;clear:left;\">2) <span class=\"_ _99\"> </span>BASIS OF PREP<span class=\"_ _1\"></span>ARA<span class=\"_ _11\"></span>TION, MACROECONOMIC BACKGROUND <span class=\"_ _c\"></span>AND EFFECTS OF </span><span style=\"display:inherit;clear:left;\">CLIMA<span class=\"_ _1\"></span>TE CHANGE-RELA<span class=\"_ _11\"></span>TED MA<span class=\"_ _1\"></span>TTERS <span class=\"ls1\"> </span></span><span style=\"display:inherit;clear:left;\">2.1  <span class=\"_ _42\"> </span>Basis of presentation</span><span style=\"display:inherit;clear:left;\">These consolidated financial statements:</span><span style=\"display:inherit;clear:left;\">a) <span class=\"_ _94\"> </span>have been prepared in accordance with the International Financial Reporting Standards (IFRS) issued by the </span><span style=\"display:inherit;clear:left;\">International Accounting Standards Board (IASB) and adopted by the European Commission pursuant to Article 6 of </span><span style=\"display:inherit;clear:left;\">Regulation (EC) No. 1606/2002 of the European P<span class=\"_ _c\"></span>arliament and of the Council of 19 July 2002 and pursuant to Article </span><span style=\"display:inherit;clear:left;\"><span><span style=\"display:inherit;clear:left;\">9 of Legislative Decree 38/2005;</span></span> </span><span style=\"display:inherit;clear:left;\">b) <span class=\"_ _85\"> </span><span><span style=\"display:inherit;clear:left;\">have been prepared based on a going-concern basis, utilizing the historical cost method, taking into account any </span></span></span><span style=\"display:inherit;clear:left;\">necessary value adjustments, barring those items that are required to be measured at fair value, in compliance with </span><span style=\"display:inherit;clear:left;\">IFRS, as outlined in the measurement criteria; given the nature of Snam\u2019s core operations, the strong finance of </span><span style=\"display:inherit;clear:left;\">the Group, there are no factors that necessitate a detailed examination regarding the validity of the going concern </span><span style=\"display:inherit;clear:left;\"><span><span style=\"display:inherit;clear:left;\">assumption;</span></span>               </span><span style=\"display:inherit;clear:left;\">c) <span class=\"_ _95\"> </span>have been approved and authorized for publication by the Board of Directors of Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. in its meeting of 13 March </span><span style=\"display:inherit;clear:left;\">2024, and have been audited by Deloitte &amp; T<span class=\"_ _1\"></span>ouche S<span class=\"_ _0\"></span>.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.;</span><span style=\"display:inherit;clear:left;\">d) <span class=\"_ _85\"> </span>are denominated in euros; given their magnitude, the figures in the financial statements and corresponding notes are </span><span style=\"display:inherit;clear:left;\">expressed in millions of euros, unless stated otherwise.</span><span style=\"display:inherit;clear:left;\">2.2  <span class=\"_ _42\"> </span>Macroeconomic context</span><span style=\"display:inherit;clear:left;\">Over the course of the year<span class=\"_ _1\"></span>, the dynamics already obser<span class=\"_ _0\"></span>ved since the last quarter of 2022 gradually consolidated, bringing </span><span style=\"display:inherit;clear:left;\">an end to the prolonged phase of growth in energy goods prices, which began in the third quarter of 2021.</span><span style=\"display:inherit;clear:left;\">The extraordinary European investment plan for the protection of energy security and the diversification of gas supply </span><span style=\"display:inherit;clear:left;\">sources, also favoured by the mild weather conditions of the last winter season, contributed decisively to the continuation </span><span style=\"display:inherit;clear:left;\">of the downward trend in energy commodity prices. </span><span style=\"display:inherit;clear:left;\">Since March 2023, on the Amsterdam spot market (TTF), </span><span style=\"display:inherit;clear:left;\">the price of natural gas has remained consistently below </span><span style=\"display:inherit;clear:left;\">\u20ac55 per MWh, with minimum peaks in the region of \u20ac30 </span><span style=\"display:inherit;clear:left;\">per MWh, as well as in the summer months between the </span><span style=\"display:inherit;clear:left;\">end of the year and the first few weeks of 2024. Gas prices, </span><span style=\"display:inherit;clear:left;\">although substantially decreasing, still remain higher </span><span style=\"display:inherit;clear:left;\">than before 2022, thus affecting the competitiveness of </span><span style=\"display:inherit;clear:left;\">European and national companies.</span><span style=\"display:inherit;clear:left;\">This dynamic, together with the restrictive monetar<span class=\"_ _0\"></span>y </span><span style=\"display:inherit;clear:left;\">policies adopted, had a decisive effect in countering </span><span style=\"display:inherit;clear:left;\">inflation in the EU<span class=\"_ _c\"></span>. In particular<span class=\"_ _c\"></span>, in Italy, inflation fell from </span><span style=\"display:inherit;clear:left;\">over 8% in 2022 to 5.7% in 2023, still at very high levels </span><span style=\"display:inherit;clear:left;\">compared to the targets expected by the European Central </span><span style=\"display:inherit;clear:left;\">Bank (\u22482%), but with prospects for a further decrease </span><span style=\"display:inherit;clear:left;\">during 2024 and 2025.</span><span style=\"display:inherit;clear:left;\">Inflation began to show the first positive signs as early </span><span style=\"display:inherit;clear:left;\">on as the fourth quarter of 2023, hinting at a possible </span><span style=\"display:inherit;clear:left;\">stabilisation of the cycle of interest rate increases by </span><span style=\"display:inherit;clear:left;\">central banks in the not too distant future; consequently, at </span><span style=\"display:inherit;clear:left;\">its last two meetings of the year (in October and December </span><span style=\"display:inherit;clear:left;\">2023, respectively), the ECB interrupted the cycle of six </span><span style=\"display:inherit;clear:left;\">consecutive increases decided upon in the first nine months </span><span style=\"display:inherit;clear:left;\">of the year (which raised the benchmark rate from 2.5% to </span><span style=\"display:inherit;clear:left;\">4.5%), confirming the interest rates already in place and </span><span style=\"display:inherit;clear:left;\">fuelling expectations of the start of a new market phase </span><span style=\"display:inherit;clear:left;\">characterised by less restrictive monetary policies of central </span><span style=\"display:inherit;clear:left;\">banks. </span><span style=\"display:inherit;clear:left;\">The world economy continued to grow during 2023, </span><span style=\"display:inherit;clear:left;\">although slowing down compared to 2022; the most </span><span style=\"display:inherit;clear:left;\">up-to-date estimates put world GDP growth in 2023 at </span><span style=\"display:inherit;clear:left;\">3% compared to 3.5% in 2022, well below the historical </span><span style=\"display:inherit;clear:left;\">average (2000-19) of 3.8%. In Italy, a weak GDP growth of </span><span style=\"display:inherit;clear:left;\">around 0.9% is estimated for 2023, with growth forecasts </span><span style=\"display:inherit;clear:left;\">for the 2024 and 2025 of 0.6% and 1.1% respectively.</span><span style=\"display:inherit;clear:left;\">Although there are some encouraging signs, there remain </span><span style=\"display:inherit;clear:left;\">persistent uncertainties and challenges to economic </span><span style=\"display:inherit;clear:left;\">growth, both in Italy and Europe, linked to present </span><span style=\"display:inherit;clear:left;\">geopolitical tensions, amplified by the conflict that erupted </span><span style=\"display:inherit;clear:left;\">in the Middle East following the terrorist attacks in Israel </span><span style=\"display:inherit;clear:left;\">and the general slowdown in economic activity globally. </span><span style=\"display:inherit;clear:left;\">The continuation of the Russia-Ukraine conflict, which </span><span style=\"display:inherit;clear:left;\">has been ongoing for almost 24 months, and the possible </span><span style=\"display:inherit;clear:left;\">widening of the Middle East front, could jeopardise or delay </span><span style=\"display:inherit;clear:left;\">the progressive normalisation of the world economy; in </span><span style=\"display:inherit;clear:left;\">particular<span class=\"_ _1\"></span>, significant effects on international trade, Italian </span><span style=\"display:inherit;clear:left;\">import<span class=\"_ _c\"></span>-export and supply chains could occur in the event </span><span style=\"display:inherit;clear:left;\">of further and repeated attacks on commercial vessels </span><span style=\"display:inherit;clear:left;\">crossing the Red Sea, a transit route for 12% of world </span><span style=\"display:inherit;clear:left;\">goods and 40% of Italian trade by sea. </span><span style=\"display:inherit;clear:left;\">In this scenario, the Group managed to operate seamlessly </span><span style=\"display:inherit;clear:left;\">and successfully implement planned investments. With </span><span style=\"display:inherit;clear:left;\">reference to the indirect consequences deriving from </span><span style=\"display:inherit;clear:left;\">the current macroeconomic context, the succession of </span><span style=\"display:inherit;clear:left;\">significant increases in benchmark rates by the main central </span><span style=\"display:inherit;clear:left;\">banks has led to a generalised increase in the cost of debt, </span><span style=\"display:inherit;clear:left;\">which, in the case of Snam, rose from an average value of </span><span style=\"display:inherit;clear:left;\">1.1% at 31 December 2022 to an average value of 2% at 31 </span><span style=\"display:inherit;clear:left;\">December 2023. </span><span style=\"display:inherit;clear:left;\">2.2.1 <span class=\"_ _96\"> </span>Gas infrastructure</span><span style=\"display:inherit;clear:left;\">In the T<span class=\"_ _c\"></span>ransport, Regasification and Storage business, </span><span style=\"display:inherit;clear:left;\">operations and investments continued uninterrupted </span><span style=\"display:inherit;clear:left;\">during 2023. In particular<span class=\"_ _1\"></span>, the acquisition of the entire </span><span style=\"display:inherit;clear:left;\">capital of FSRU I Limited, owner of FSRU BW Singapore, was </span><span style=\"display:inherit;clear:left;\">completed in December 2023; the acquisition, made as part </span><span style=\"display:inherit;clear:left;\">of the broader-ranging programme to diversify gas supply </span><span style=\"display:inherit;clear:left;\">sources, will allow the country to benefit from an additional </span><span style=\"display:inherit;clear:left;\">LNG import point. Furthermore, we note the entry into </span><span style=\"display:inherit;clear:left;\">operation of the FSRU plant in Piombino during 2023.  </span><span style=\"display:inherit;clear:left;\">2.2.2 <span class=\"_ _96\"> </span>Foreign and Italian subsidiaries</span><span style=\"display:inherit;clear:left;\">With reference to the Snam group's foreign subsidiaries, </span><span style=\"display:inherit;clear:left;\">the trend already recorded in 2022 is confirmed, i.e. the </span><span style=\"display:inherit;clear:left;\">almost complete interruption of Russian gas supplies: </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>AG (a company under joint control) and GCA (associate </span><span style=\"display:inherit;clear:left;\">company) are the most exposed to such supplies. In </span><span style=\"display:inherit;clear:left;\">particular<span class=\"_ _1\"></span>, TA<span class=\"_ _c\"></span>G recorded a significant reduction in gas </span><span style=\"display:inherit;clear:left;\">flows from Russia in 2023, with a consequent reduction </span><span style=\"display:inherit;clear:left;\">in the volumes imported from the T<span class=\"_ _c\"></span>arvisio entr<span class=\"_ _0\"></span>y point </span><span style=\"display:inherit;clear:left;\">(from around 14 standard cubic metres in 2022 to around </span><span style=\"display:inherit;clear:left;\">3 standard cubic metres in 2023). Reduced supplies and </span><span style=\"display:inherit;clear:left;\">a regulatory framework that exposes the company to </span><span style=\"display:inherit;clear:left;\">volume risk (not guaranteeing a full recovery of the delta </span><span style=\"display:inherit;clear:left;\">between actual and recognised revenues) have generated </span><span style=\"display:inherit;clear:left;\">uncertainties over expected returns. At the moment, </span><span style=\"display:inherit;clear:left;\">both TSOs are actively working with the relevant Austrian </span><span style=\"display:inherit;clear:left;\">authorities to establish the regulatory framework that will </span><span style=\"display:inherit;clear:left;\">be in effect from 2025. This is in response to the changed </span><span style=\"display:inherit;clear:left;\">conditions under which the company is presently operating, </span><span style=\"display:inherit;clear:left;\">with the main focus on eliminating volume risk.   </span><span style=\"display:inherit;clear:left;\">With regard to GCA<span class=\"_ _0\"></span>, the company is less exposed to </span><span style=\"display:inherit;clear:left;\">uncertain returns, as it can still benefit from long-term </span><span style=\"display:inherit;clear:left;\">transportation capacity contracts with gradual maturities </span><span style=\"display:inherit;clear:left;\">up to 2031.</span><span style=\"display:inherit;clear:left;\">With reference to the situation in the Middle East, the </span><span style=\"display:inherit;clear:left;\">conflict in the Gaza Strip does not have a direct impact on </span><span style=\"display:inherit;clear:left;\">Snam\u2019s assets and the operation of the pipeline linking </span><span style=\"display:inherit;clear:left;\">Israel and Egypt (EMG).</span><span style=\"display:inherit;clear:left;\">No further effects on the group's remaining activities are </span><span style=\"display:inherit;clear:left;\">reported.</span><span style=\"display:inherit;clear:left;\">2.3  <span class=\"_ _42\"> </span>Climate change related matters </span><span style=\"display:inherit;clear:left;\">Evidence of the impact of climate change on different </span><span style=\"display:inherit;clear:left;\">industrial sectors has increased considerably in recent </span><span style=\"display:inherit;clear:left;\">years. Many economic sectors will be adversely affected </span><span style=\"display:inherit;clear:left;\">by permanent changes in temperature, precipitation, sea </span><span style=\"display:inherit;clear:left;\">level and more generally by the magnitude and frequency </span><span style=\"display:inherit;clear:left;\">of extreme climate events. </span><span style=\"display:inherit;clear:left;\">In the energy sector<span class=\"_ _1\"></span>, variations in average and extreme </span><span style=\"display:inherit;clear:left;\">temperatures could lead to an increase in energy demand </span><span style=\"display:inherit;clear:left;\">in summer periods and a decrease in demand in winter </span><span style=\"display:inherit;clear:left;\">periods; the final balance will, of course, depend on </span><span style=\"display:inherit;clear:left;\">geographical, socio-economic and technological factors. </span><span style=\"display:inherit;clear:left;\">On the supply side, climate change could adversely </span><span style=\"display:inherit;clear:left;\">affect the energy production infrastructure in some </span><span style=\"display:inherit;clear:left;\">geographical areas. </span><span style=\"display:inherit;clear:left;\">In general, climate risks are systemic risks, which cascade </span><span style=\"display:inherit;clear:left;\">throughout society. The World Economic Forum, in its<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">annual 'Global Risks report', published in January 2024, </span><span style=\"display:inherit;clear:left;\">considered extreme climate events to be among the </span><span style=\"display:inherit;clear:left;\">greatest dangers to humanity, both in the short term (2 </span><span style=\"display:inherit;clear:left;\">years) and in the long term (10 years<span class=\"_ _c\"></span>). </span><span style=\"display:inherit;clear:left;\">The fight against climate change for an increasingly </span><span style=\"display:inherit;clear:left;\">decarbonised economy is the main challenge facing the </span><span style=\"display:inherit;clear:left;\">world today.<span class=\"ls1\"> </span></span><span style=\"display:inherit;clear:left;\">2.3.1  <span class=\"_ _d\"> </span>Managing climate change risks and </span><span style=\"display:inherit;clear:left;\">opportunities in Snam</span><span style=\"display:inherit;clear:left;\">The energy and climate scenarios that form the </span><span style=\"display:inherit;clear:left;\">backdrop to Snam<span class=\"_ _c\"></span>\u2019s activities involve a series of risks </span><span style=\"display:inherit;clear:left;\">and opportunities that must be identified, assessed and </span><span style=\"display:inherit;clear:left;\">managed effectively and promptly. The assessment of the </span><span style=\"display:inherit;clear:left;\">factors that may affect the business is, in fact, an essential </span><span style=\"display:inherit;clear:left;\">condition to be able to continue to operate in the long </span><span style=\"display:inherit;clear:left;\">term in a sustainable manner<span class=\"_ _1\"></span>, namely directing strategies </span><span style=\"display:inherit;clear:left;\">and monitoring changes in the boundary conditions of the </span><span style=\"display:inherit;clear:left;\">same.</span><span style=\"display:inherit;clear:left;\">The risks and opportunities identified by Snam are taken </span><span style=\"display:inherit;clear:left;\">into account in the definition of corporate strategy, with </span><span style=\"display:inherit;clear:left;\">particular reference to objectives in the area of energy </span><span style=\"display:inherit;clear:left;\">transition and decarbonisation and the reduction of </span><span style=\"display:inherit;clear:left;\">greenhouse gas and methane emissions.</span><span style=\"display:inherit;clear:left;\">As part of the integrated management of corporate risks, </span><span style=\"display:inherit;clear:left;\">Snam adopts an Enterprise Risk Management Model </span><span style=\"display:inherit;clear:left;\">(hereinafter ERM) within which the risks associated with </span><span style=\"display:inherit;clear:left;\">climate change are also identified and managed, assessed </span><span style=\"display:inherit;clear:left;\">taking into account the following time horizons:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ff7f\">Short term (\u2264 1 <span class=\"_ _0\"></span>year )</span><span class=\"ws1\">: in the short term, Snam creates </span></span><span style=\"display:inherit;clear:left;\">value by pursuing its business in the manner established </span><span style=\"display:inherit;clear:left;\">by the rules and procedures, with particular focus on </span><span style=\"display:inherit;clear:left;\">risk management and operational efficiency. The main </span><span style=\"display:inherit;clear:left;\">point of reference is the annual budget.</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ff7f\">Medium term (\u2264 5 <span class=\"_ _0\"></span>years)</span><span class=\"ws1\">:in the medium term, the </span></span><span style=\"display:inherit;clear:left;\">ability to carry out investment programmes, thereby </span><span style=\"display:inherit;clear:left;\">ensuring a flow of resources and that favourable </span><span style=\"display:inherit;clear:left;\">economic conditions are maintained, is also important. </span><span style=\"display:inherit;clear:left;\">The main point of reference is the<span class=\"ff74\"> Strategic Plan, which </span></span><span style=\"display:inherit;clear:left;\">cov<span class=\"_ _c\"></span>ers a period of up to five years<span class=\"ff7b ls1\">. </span></span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ff74 ws1\">Long term (&gt; 5 years)<span class=\"ff7b\">: in the long-term, it is vital that </span></span></span><span style=\"display:inherit;clear:left;\">the investment decisions and strategic choices made </span><span style=\"display:inherit;clear:left;\">have interpreted trends in the best way possible. The </span><span style=\"display:inherit;clear:left;\">main point of reference is the<span class=\"ff74\"> T<span class=\"_ _1\"></span>en-year transportation </span></span><span style=\"display:inherit;clear:left;\">network development plan <span class=\"ff7b\">submitted to the Authority<span class=\"_ _c\"></span>, </span></span><span style=\"display:inherit;clear:left;\">which covers a period of 10 years.</span><span style=\"display:inherit;clear:left;\">Snam\u2019s ERM model envisages assessment cycles, the </span><span style=\"display:inherit;clear:left;\">results of which are shared with the Leadership T<span class=\"_ _1\"></span>eam, </span><span style=\"display:inherit;clear:left;\">the Control and Risk and Related-Party T<span class=\"_ _c\"></span>ransactions </span><span style=\"display:inherit;clear:left;\">Committee, the Board of Statutory Auditors and the </span><span style=\"display:inherit;clear:left;\">Supervisor<span class=\"_ _0\"></span>y Board. On an annual basis, the Board of </span><span style=\"display:inherit;clear:left;\">Directors, together with the ESG Committee and Energy </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>ransition Scenarios, is also updated on these topics in </span><span style=\"display:inherit;clear:left;\">order to integrate climate change topics into the planning </span><span style=\"display:inherit;clear:left;\">and definition of strategies for the management of ESG </span><span style=\"display:inherit;clear:left;\">topics relevant to the Group.</span><span style=\"display:inherit;clear:left;\">The risks are explained in the Management Report, in </span><span style=\"display:inherit;clear:left;\">the chapter 'Risk F<span class=\"_ _c\"></span>actors and Uncertainty', and in the </span><span style=\"display:inherit;clear:left;\">Consolidated Non-Financial Statement, in the chapter </span><span style=\"display:inherit;clear:left;\">'General Information, Management of Impacts, Risks </span><span style=\"display:inherit;clear:left;\">and Opportunities', where a detailed analysis of climate </span><span style=\"display:inherit;clear:left;\">change risks has been carried out.</span><span style=\"display:inherit;clear:left;\">2.3.2 <span class=\"_ _96\"> </span>Climate change related risks</span><span style=\"display:inherit;clear:left;\">During 2023, Snam introduced a specific Climate </span><span style=\"display:inherit;clear:left;\">Change Risk Management (C<span class=\"_ _c\"></span>CRM) framework into the </span><span style=\"display:inherit;clear:left;\">ERM Model to integrate and identify in more detail </span><span style=\"display:inherit;clear:left;\">the risks and opportunities related to climate change </span><span style=\"display:inherit;clear:left;\">and, consequently, improve the management of the </span><span style=\"display:inherit;clear:left;\">uncertainty that characterizes and strengthens the </span><span style=\"display:inherit;clear:left;\">resilience of the Group. The framework allows you to </span><span style=\"display:inherit;clear:left;\">systematize climate risk analyzes (i.e. climate risk) through </span><span style=\"display:inherit;clear:left;\">a structured approach integrated with ERM analyses.</span><span style=\"display:inherit;clear:left;\">The methodology used in the definition of Climate </span><span style=\"display:inherit;clear:left;\">Change Risk Management is aligned with the main </span><span style=\"display:inherit;clear:left;\">international references, including: T<span class=\"_ _c\"></span>ask Force on Climate </span><span style=\"display:inherit;clear:left;\">Related Financial Disclosure - TCFD<span class=\"_ _c\"></span>, European T<span class=\"_ _1\"></span>axonomy, </span><span style=\"display:inherit;clear:left;\">Corporate Sustainability Reporting Directive (CSRD<span class=\"_ _c\"></span>) and </span><span style=\"display:inherit;clear:left;\">IPCC, integrated with other complementar<span class=\"_ _0\"></span>y references </span><span style=\"display:inherit;clear:left;\">(e.g. International Energy Agency), for climate and </span><span style=\"display:inherit;clear:left;\">socioeconomic scenarios and forecast climate data for </span><span style=\"display:inherit;clear:left;\">long-term risk assessment.</span><span style=\"display:inherit;clear:left;\">The CCRM framework considers two categories of risks: </span><span style=\"display:inherit;clear:left;\">physical risks, directly due to weather<span class=\"_ _c\"></span>-climatic variations, </span><span style=\"display:inherit;clear:left;\">and transition risks, linked to society's socio-economic </span><span style=\"display:inherit;clear:left;\">reaction to climate change.</span><span style=\"display:inherit;clear:left;\">Physical risks<span class=\"ff7b\"> are divided into:  </span></span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>acute risks, related to the increase in the severity of </span><span style=\"display:inherit;clear:left;\">extreme weather phenomena, which may cause material </span><span style=\"display:inherit;clear:left;\">damage to the infrastructure, with impacts on the </span><span style=\"display:inherit;clear:left;\">continuity and quality of the service;  </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>chronic risks, which are more predictable and which Snam </span><span style=\"display:inherit;clear:left;\">associates mainly with the increase in temperature with a </span><span style=\"display:inherit;clear:left;\">consequent lower demand for gas..</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>ransition risks <span class=\"ff7b\">divided into:</span></span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>compliance risk, in terms of the tightening of the </span><span style=\"display:inherit;clear:left;\">reference and emerging regulatory framework to </span><span style=\"display:inherit;clear:left;\">accelerate the reduction of pollutant and climate </span><span style=\"display:inherit;clear:left;\">changing emissions;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>market risk, in terms of increased penetration of </span><span style=\"display:inherit;clear:left;\">renewable energies to the detriment of natural gas, </span><span style=\"display:inherit;clear:left;\">alternative uses of gas and the development of new </span><span style=\"display:inherit;clear:left;\">businesses (biomethane, etc.) and/or the CNG market, </span><span style=\"display:inherit;clear:left;\">as well as the behaviour of consumers, financiers </span><span style=\"display:inherit;clear:left;\">and investors, who are increasingly oriented towards </span><span style=\"display:inherit;clear:left;\">sustainable products; </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>technological risks, in terms of diffusion of new </span><span style=\"display:inherit;clear:left;\">technologies fostering the use of intermittent energy </span><span style=\"display:inherit;clear:left;\">sources and the need to adapt to new technological </span><span style=\"display:inherit;clear:left;\">standards.  </span><span style=\"display:inherit;clear:left;\">2.3.3 <span class=\"_ _96\"> </span>Actions undertaken by Snam: from the </span><span style=\"display:inherit;clear:left;\">development of new businesses, directly </span><span style=\"display:inherit;clear:left;\">associated with the commitment to energy </span><span style=\"display:inherit;clear:left;\">transition, to interventions on regulated </span><span style=\"display:inherit;clear:left;\">infrastructures.</span><span style=\"display:inherit;clear:left;\">With regard to physical risks, Snam continually monitors </span><span style=\"display:inherit;clear:left;\">the integrity of its infrastructure and plants, as well as </span><span style=\"display:inherit;clear:left;\">the state of health and conservation of the areas in which </span><span style=\"display:inherit;clear:left;\">they are located, constantly updating the processes </span><span style=\"display:inherit;clear:left;\">and systems used in order to identify, with increasing </span><span style=\"display:inherit;clear:left;\">notice, any critical issues through the introduction of </span><span style=\"display:inherit;clear:left;\">new technologies that can also reduce the environmental </span><span style=\"display:inherit;clear:left;\">impact of the activities themselves. </span><span style=\"display:inherit;clear:left;\">These actions allow the Group to limit its exposure to </span><span style=\"display:inherit;clear:left;\">risks associated with chronic natural events. In addition, in </span><span style=\"display:inherit;clear:left;\">order to remedy unforeseeable extreme natural events, </span><span style=\"display:inherit;clear:left;\">Snam has adopted innovative intervention strategies and </span><span style=\"display:inherit;clear:left;\">action plans aimed at ensuring immediate safety and the </span><span style=\"display:inherit;clear:left;\">restoration of activities in the shortest possible time.</span><span style=\"display:inherit;clear:left;\">Snam also has specific insurance contracts in place to </span><span style=\"display:inherit;clear:left;\">cover some of these risks, in line with industry best </span><span style=\"display:inherit;clear:left;\">practices.</span><span style=\"display:inherit;clear:left;\">With regard to transition risks, in recent years Snam has </span><span style=\"display:inherit;clear:left;\">begun repurposing and modernising its infrastructure, </span><span style=\"display:inherit;clear:left;\">consolidating the development of energy transition </span><span style=\"display:inherit;clear:left;\">businesses, linked to the use of green and decarbonised<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">gas, investing in innovation and digitalisation, and </span><span style=\"display:inherit;clear:left;\">entering into a large number of partnerships. On the </span><span style=\"display:inherit;clear:left;\">strength of these consolidated capacities, Snam has </span><span style=\"display:inherit;clear:left;\">progressively integrated the energy transition businesses </span><span style=\"display:inherit;clear:left;\">with those of the regulated sector<span class=\"_ _1\"></span>, to the point of making </span><span style=\"display:inherit;clear:left;\">them synergic and interconnected, with the aim of </span><span style=\"display:inherit;clear:left;\">creating a <span class=\"ff74\">multi-molecule pan-European infrastructure<span class=\"_ _c\"></span><span class=\"ff7b ls1\"> </span></span></span><span style=\"display:inherit;clear:left;\">- modular<span class=\"_ _1\"></span>, flexible and innovative - and capable of </span><span style=\"display:inherit;clear:left;\">transporting and storing different types of gas, that </span><span style=\"display:inherit;clear:left;\">ensures <span class=\"ff74 ws1\">energy security <span class=\"ff7b\">at national and European level, </span></span></span><span style=\"display:inherit;clear:left;\">guaranteeing diversified supplies over the long term.</span><span style=\"display:inherit;clear:left;\">With reference to the risk connected to the demand for </span><span style=\"display:inherit;clear:left;\">gas, it should be noted that based on the tariff system </span><span style=\"display:inherit;clear:left;\">currently applied by ARER<span class=\"_ _0\"></span>A to the transport, storage and </span><span style=\"display:inherit;clear:left;\">regasification activity of natural gas, revenue hedging </span><span style=\"display:inherit;clear:left;\">mechanisms are envisaged.</span><span style=\"display:inherit;clear:left;\">In January 2024, the new 2023-2027 Strategic Plan </span><span style=\"display:inherit;clear:left;\">and the medium-/long-term Vision for 2023-2032, </span><span style=\"display:inherit;clear:left;\">also considering developments up to 2040, were </span><span style=\"display:inherit;clear:left;\">presented, with which Snam underlined its contribution </span><span style=\"display:inherit;clear:left;\">to supporting the great transformation underway in </span><span style=\"display:inherit;clear:left;\">the energy sector<span class=\"_ _1\"></span>, leveraging on the enabling role of </span><span style=\"display:inherit;clear:left;\">infrastructure to achieve a fully decarbonised economy </span><span style=\"display:inherit;clear:left;\">through a plan of increasing investments. The Strategic </span><span style=\"display:inherit;clear:left;\">1</span><span style=\"display:inherit;clear:left;\">Plan envisages investments totalling \u20ac11.5 billion</span><span style=\"display:inherit;clear:left;\"> over </span><span style=\"display:inherit;clear:left;\">the next four years (a 15% increase over the previous </span><span style=\"display:inherit;clear:left;\">Plan), which mainly include infrastructure maintenance,<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">modernisation and development activities, as well as the </span><span style=\"display:inherit;clear:left;\">development of green gases, especially biomethane and </span><span style=\"display:inherit;clear:left;\">hydrogen, and CCS technologies, to which \u20ac1.2 billion </span><span style=\"display:inherit;clear:left;\">will be dedicated (a 20% increase over the 2022-2026 </span><span style=\"display:inherit;clear:left;\">Plan). A fundamentally important role in achieving the<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">objectives, business and otherwise, set out in the Plan is </span><span style=\"display:inherit;clear:left;\">reserved for the two strategic enabling levers, in which </span><span style=\"display:inherit;clear:left;\">Snam will invest \u20ac400 million: sustainability, including the </span><span style=\"display:inherit;clear:left;\">decarbonisation strategy, and innovation. </span><span style=\"display:inherit;clear:left;\">The pillars of Snam\u2019s Carbon Neutrality and Net Zero<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">strategy and discussed in more detail in the chapter </span><span style=\"display:inherit;clear:left;\">\u201cStrategy, Carbon Neutrality and Net Zero\u201d in the<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">\u201cGeneral Information\u201d section of the 2023 Non-Financial<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">Statement.</span><span style=\"display:inherit;clear:left;\">Specifically, Snam plans to reduce Scope 1 and Scope </span><span style=\"display:inherit;clear:left;\">2 greenhouse gas emissions referred to the regulated </span><span style=\"display:inherit;clear:left;\">business by 25% by 2027, bu 40% by 2030 and by 50% </span><span style=\"display:inherit;clear:left;\">by 2032 (vs. 2022), to achieve carbon neutrality by 2040 </span><span style=\"display:inherit;clear:left;\">and Net Zero by 2050, throughout the Snam Group. The </span><span style=\"display:inherit;clear:left;\">Company also set a target on natural gas emissions of </span><span style=\"display:inherit;clear:left;\">-64.5% by 2027, -70% by 2030 and -72% 2032 (both vs. </span><span style=\"display:inherit;clear:left;\">2015). Developed acording to the generic SBTi (Science-</span><span style=\"display:inherit;clear:left;\">Based T<span class=\"_ _c\"></span>argets initiative) methodology, the targets are<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">in line with the goal of limiting global warming to within </span><span style=\"display:inherit;clear:left;\">1.5\u00b0C set in the Paris Agreement.</span><span style=\"display:inherit;clear:left;\">With reference to GHG Scope 3 emission targets, Snam </span><span style=\"display:inherit;clear:left;\">has defined a new, single target to reduce emissions<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">in absolute terms by 30% and 35% by 2030 and 2032 </span><span style=\"display:inherit;clear:left;\">respectively, compared to 2022, considering the </span><span style=\"display:inherit;clear:left;\">perimeter of the regulated business. The Scope 3 targets, </span><span style=\"display:inherit;clear:left;\">according to SBTi's generic methodology, are aligned </span><span style=\"display:inherit;clear:left;\">1 <span class=\"_ _80\"> </span>Net of public funding of approximately \u20ac900 million.</span><span style=\"display:inherit;clear:left;\">with the global warming containment targets between </span><span style=\"display:inherit;clear:left;\">1.5\u00b0C and well below 2\u00b0C set in the Paris Agreement.</span><span style=\"display:inherit;clear:left;\">Finally, with the new Strategic Plan, Snam has given itself </span><span style=\"display:inherit;clear:left;\">a new, ambitious target: <span class=\"ff74\">net z<span class=\"_ _c\"></span>ero emissions by 2050 </span></span><span style=\"display:inherit;clear:left;\">for all<span class=\"ff7b\"> direct and indirect emissions of the Group, to </span></span><span style=\"display:inherit;clear:left;\">be understood as a 90% reduction in emissions and the </span><span style=\"display:inherit;clear:left;\">remaining 10% through off-setting projects.</span><span style=\"display:inherit;clear:left;\">For these reasons, also considering the specific business </span><span style=\"display:inherit;clear:left;\">and segments in which its operates, Snam believes </span><span style=\"display:inherit;clear:left;\">that, at present, the Group has a limited exposure to </span><span style=\"display:inherit;clear:left;\">the impact that possible climate risks could have on </span><span style=\"display:inherit;clear:left;\">the valuation of non-current assets and other assets, </span><span style=\"display:inherit;clear:left;\">including receivables, recognised in the financial </span><span style=\"display:inherit;clear:left;\">statements.</span><span style=\"display:inherit;clear:left;\">Similarly, due to the systematic monitoring of its </span><span style=\"display:inherit;clear:left;\">assets and the areas on which they insist, Snam is able </span><span style=\"display:inherit;clear:left;\">to identify in advance possible situations that could </span><span style=\"display:inherit;clear:left;\">generate potential liabilities related to climate risks.</span><span style=\"display:inherit;clear:left;\">3) <span class=\"_ _99\"> </span>ACCOUNTING <span class=\"_ _2\"></span>POLICIES AND </span><span style=\"display:inherit;clear:left;\">INTERPRET<span class=\"_ _11\"></span>A<span class=\"_ _1\"></span>TIONS APPLICABLE </span><span style=\"display:inherit;clear:left;\">FROM THE FINANCIAL <span class=\"_ _1\"></span>YEAR 2023    </span><span style=\"display:inherit;clear:left;\">For the financial year ended 31 December 2023, the </span><span style=\"display:inherit;clear:left;\">Group applied accounting policies in line with those of </span><span style=\"display:inherit;clear:left;\">the previous year<span class=\"_ _1\"></span>, with the exception of the accounting </span><span style=\"display:inherit;clear:left;\">standards and interpretations which came into force in the </span><span style=\"display:inherit;clear:left;\">year starting on 1 January 2023, which are described below.</span><span style=\"display:inherit;clear:left;\">Commission Regulation (EU) 2021/2036, issued by the </span><span style=\"display:inherit;clear:left;\">European Commission on 19 November 2021, has endorsed </span><span style=\"display:inherit;clear:left;\">the regulatory provisions contained in the following </span><span style=\"display:inherit;clear:left;\">document:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>Introduction to<span class=\"ff74\"> IFRS 17 'Insurance Contracts'</span>, issued </span><span style=\"display:inherit;clear:left;\">by the IASB on 18 May 2017. The document applies to </span><span style=\"display:inherit;clear:left;\">all insurance contracts and defines the principles of </span><span style=\"display:inherit;clear:left;\">recognition, measurement, presentation and disclosure, </span><span style=\"display:inherit;clear:left;\">replacing IFRS 4. The first<span class=\"_ _c\"></span>-time application of these </span><span style=\"display:inherit;clear:left;\">changes did not have a material impact on the financial </span><span style=\"display:inherit;clear:left;\">statements, also in light of the policy choices and </span><span style=\"display:inherit;clear:left;\">exemptions allowed by the standard with reference to </span><span style=\"display:inherit;clear:left;\">insurance contracts issued to subsidiaries, associates and </span><span style=\"display:inherit;clear:left;\">joint ventures.</span><span style=\"display:inherit;clear:left;\">Commission Regulation (EU) 2022/1491, issued by the </span><span style=\"display:inherit;clear:left;\">European Commission on 8 September 2022, has endorsed </span><span style=\"display:inherit;clear:left;\">theregulatory provisions contained in the following </span><span style=\"display:inherit;clear:left;\">document:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ff74\">\u201c<span class=\"_ _1\"></span>Amendments to IFRS 17 Insurance contracts: Initial </span></span><span style=\"display:inherit;clear:left;\">Application of IFRS 17 and IFRS 9 - Comparative </span><span style=\"display:inherit;clear:left;\">Information<span class=\"_ _c\"></span>\u201d <span class=\"ff7b\">published by the IASB on 9 December </span></span><span style=\"display:inherit;clear:left;\">2021. The amendment introduces a transition option </span><span style=\"display:inherit;clear:left;\">relating to comparative information on financial assets </span><span style=\"display:inherit;clear:left;\">presented at the date of initial application of IFRS 17. The </span><span style=\"display:inherit;clear:left;\">amendment is intended to avoid temporary accounting </span><span style=\"display:inherit;clear:left;\">mismatches between financial assets and liabilities of </span><span style=\"display:inherit;clear:left;\">insurance contracts, and is therefore aimed at improving </span><span style=\"display:inherit;clear:left;\">the usefulness of comparative information for users of </span><span style=\"display:inherit;clear:left;\">financial statements.</span><span style=\"display:inherit;clear:left;\">Commission Regulation (EU) No 2022/1392, issued by the </span><span style=\"display:inherit;clear:left;\">European Commission on 11 August 2022, has endorsed </span><span style=\"display:inherit;clear:left;\">theregulatory provisions contained in the following </span><span style=\"display:inherit;clear:left;\">document:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ff74\">\u201c<span class=\"_ _1\"></span>Amendments to IAS 12 Income T<span class=\"_ _c\"></span>axes: Deferred T<span class=\"_ _1\"></span>ax </span></span><span style=\"display:inherit;clear:left;\">related to Assets and Liabilities arising from a Single </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>ransaction\"<span class=\"ff7b\">, amendment published by the IASB on 7 </span></span><span style=\"display:inherit;clear:left;\">May 2021. The document clarifies how deferred taxes </span><span style=\"display:inherit;clear:left;\">should be accounted for on certain transactions that may </span><span style=\"display:inherit;clear:left;\">generate assets and liabilities of equal amounts, such as </span><span style=\"display:inherit;clear:left;\">leases and decommissioning obligations.</span><span style=\"display:inherit;clear:left;\">Commission Regulation (EU) No 2022/357, issued by the </span><span style=\"display:inherit;clear:left;\">European Commission on 2 March 2022, has endorsed </span><span style=\"display:inherit;clear:left;\">the regulatory provisions contained in the following </span><span style=\"display:inherit;clear:left;\">documents:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ff74\">Amendments related to (i) \u201cDisclosure of Acc<span class=\"_ _c\"></span>ounting </span></span><span style=\"display:inherit;clear:left;\">Policies Amendments t<span class=\"_ _c\"></span>o IAS 1 and IFRS Practice </span><span style=\"display:inherit;clear:left;\">Statement 2\u201d and (ii) \u201cDefinition of Acc<span class=\"_ _c\"></span>ounting </span><span style=\"display:inherit;clear:left;\">Estimates Amendments to IAS 8\u201d<span class=\"ff7b\">, published by the IASB </span></span><span style=\"display:inherit;clear:left;\">on 12 February 2021. The amendments are intended to </span><span style=\"display:inherit;clear:left;\">improve the disclosure of accounting policies by replacing </span><span style=\"display:inherit;clear:left;\">the requirement to disclose 'significant accounting </span><span style=\"display:inherit;clear:left;\">policies' with 'disclosure of accounting policies'. The </span><span style=\"display:inherit;clear:left;\">amendments are also intended to provide more useful </span><span style=\"display:inherit;clear:left;\">information to investors and other users of financial </span><span style=\"display:inherit;clear:left;\">statements as well as to help companies distinguish </span><span style=\"display:inherit;clear:left;\">between changes in accounting estimates, changes in </span><span style=\"display:inherit;clear:left;\">accounting policies and prior-year errors. </span><span style=\"display:inherit;clear:left;\">With Commission Regulation (EU) 2023/2468, issued by the </span><span style=\"display:inherit;clear:left;\">European Commission on 8 November 2023, the regulatory </span><span style=\"display:inherit;clear:left;\">provisions contained in the following documents were </span><span style=\"display:inherit;clear:left;\">approved:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ff74\">\u201c<span class=\"_ _1\"></span>Amendments to IAS 12 Income taxes: International </span></span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>ax Reform \u2013 Pillar T<span class=\"_ _1\"></span>wo Model Rules\u201d<span class=\"ff7b\">. The </span></span><span style=\"display:inherit;clear:left;\">amendment is intended to address the implications of </span><span style=\"display:inherit;clear:left;\">the forthcoming implementation of the OECD Pillar </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>wo rules on income tax accounting. In particular<span class=\"_ _1\"></span>, </span><span style=\"display:inherit;clear:left;\">the purpose of the amendment is to provide timely </span><span style=\"display:inherit;clear:left;\">guidance to the companies involved, in order to avoid the </span><span style=\"display:inherit;clear:left;\">development, in practice, of interpretations that differ </span><span style=\"display:inherit;clear:left;\">from the provisions of IAS 12; in this regard, the IA<span class=\"_ _0\"></span>SB has </span><span style=\"display:inherit;clear:left;\">provisionally decided to amend IAS 12 by introducing a </span><span style=\"display:inherit;clear:left;\">temporary exception to the obligation to account for </span><span style=\"display:inherit;clear:left;\">deferred taxes arising from the implementation of the </span><span style=\"display:inherit;clear:left;\">Pillar T<span class=\"_ _1\"></span>wo rules. Secondly, the amendment is intended to </span><span style=\"display:inherit;clear:left;\">improve the information provided to users of financial </span><span style=\"display:inherit;clear:left;\">statements before and after the entry into force of the </span><span style=\"display:inherit;clear:left;\">Pillar T<span class=\"_ _1\"></span>wo legislation.</span><span style=\"display:inherit;clear:left;\">The adoption of these amendments did not have effects on </span><span style=\"display:inherit;clear:left;\">the Group\u2019s consolidated financial statements.</span><span style=\"display:inherit;clear:left;\">4) <span class=\"_ _2cb\"> </span>FINANCIAL ST<span class=\"_ _11\"></span>A<span class=\"_ _1\"></span>TEMENTS</span><span style=\"display:inherit;clear:left;\">With reference to the financial statements, it should be </span><span style=\"display:inherit;clear:left;\">noted that:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the items in the Statement of financial position are </span><span style=\"display:inherit;clear:left;\">classified by distinguishing assets and liabilities on a </span><span style=\"display:inherit;clear:left;\">2</span><span style=\"display:inherit;clear:left;\">current/noncurrent basis\u201d</span><span style=\"display:inherit;clear:left;\">;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the Income Statement has been presented separately </span><span style=\"display:inherit;clear:left;\">from the Comprehensive Income Statement and classifies </span><span style=\"display:inherit;clear:left;\">costs by type, since this is deemed to be the best way </span><span style=\"display:inherit;clear:left;\">of representing the Group\u2019s operations and is in line </span><span style=\"display:inherit;clear:left;\">with the established practice of companies operating in </span><span style=\"display:inherit;clear:left;\">international markets;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the Cash Flow Statement has been prepared using the </span><span style=\"display:inherit;clear:left;\">indirect method.</span><span style=\"display:inherit;clear:left;\">Moreover<span class=\"_ _1\"></span>, pursuant to Consob resolution No. 15519 of 28 </span><span style=\"display:inherit;clear:left;\">July 2006, any income and expense from non-recurring </span><span style=\"display:inherit;clear:left;\">operations is shown separately in the income statement.</span><span style=\"display:inherit;clear:left;\">With regard to the same Consob resolution, the balances </span><span style=\"display:inherit;clear:left;\">of receivables/payables and transactions with related </span><span style=\"display:inherit;clear:left;\">parties, described in more detail in Note 37 \u2013 \u201cRelated-</span><span style=\"display:inherit;clear:left;\">party transactions\u201d, are shown separately in the financial </span><span style=\"display:inherit;clear:left;\">statements.</span><span style=\"display:inherit;clear:left;\">5) <span class=\"_ _99\"> </span>SIGNIFICANT ACCOUNTING </span><span style=\"display:inherit;clear:left;\">POLICIES </span><span style=\"display:inherit;clear:left;\">The most significant accounting policies adopted to for the </span><span style=\"display:inherit;clear:left;\">preparation of the consolidated financial statements are </span><span style=\"display:inherit;clear:left;\">described below. </span><span style=\"display:inherit;clear:left;\">5.1 <span class=\"_ _3c\"> </span>Consolidation criteria</span><span style=\"display:inherit;clear:left;\">Subsidiaries, joint ventures, associates and other significant </span><span style=\"display:inherit;clear:left;\">equity investments are indicated separately in the appendix </span><span style=\"display:inherit;clear:left;\">\u201cEquity investments of Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. as at 31 December </span><span style=\"display:inherit;clear:left;\">2023\u201d, which is an integral part of these notes. The same </span><span style=\"display:inherit;clear:left;\">annex shows the changes in the scope of consolidation at </span><span style=\"display:inherit;clear:left;\">31 December 2023 compared to 31 December 2022. For </span><span style=\"display:inherit;clear:left;\">further details on the acquisition of controlling interests, </span><span style=\"display:inherit;clear:left;\">please refer to the section 'Business Combinations'. </span><span style=\"display:inherit;clear:left;\">All the financial statements of the companies included in </span><span style=\"display:inherit;clear:left;\">the scope of consolidation are expressed in euro, adjusted, </span><span style=\"display:inherit;clear:left;\">where necessary, to make them consistent with the </span><span style=\"display:inherit;clear:left;\">accounting policies applied by the Parent Company.</span><span style=\"display:inherit;clear:left;\">2 <span class=\"_ _80\"> </span>Assets and liabilities are classified as current if: (i) their realisation/</span><span style=\"display:inherit;clear:left;\">settlement is part of the normal operating cycle of the company or in </span><span style=\"display:inherit;clear:left;\">the 12 months after the financial year-end; (ii) they consist of the cash </span><span style=\"display:inherit;clear:left;\">and cash equivalents without restrictions that would limit usage thereof </span><span style=\"display:inherit;clear:left;\">in the 12 months following the closure of the year; or (iii) they are held </span><span style=\"display:inherit;clear:left;\">mainly for trading.</span><span style=\"display:inherit;clear:left;\">Fully consolidated subsidiaries</span><span style=\"display:inherit;clear:left;\">The Group defines another entity as a subsidiary when it:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>has the power to make decisions concerning the investee </span><span style=\"display:inherit;clear:left;\">entity;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>is entitled to receive a share of or is exposed to the </span><span style=\"display:inherit;clear:left;\">variable profits and losses of the investee entity;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>is able to exercise power over the investee entity in such </span><span style=\"display:inherit;clear:left;\">a way as to affect the amount of its economic returns.</span><span style=\"display:inherit;clear:left;\">Figures relating to subsidiaries are included in the </span><span style=\"display:inherit;clear:left;\">consolidated financial statements, based on uniform </span><span style=\"display:inherit;clear:left;\">accounting policies, from the date on which the Company </span><span style=\"display:inherit;clear:left;\">assumes direct or indirect control over them until the date </span><span style=\"display:inherit;clear:left;\">on which said control ceases to exist. The assets, liabilities, </span><span style=\"display:inherit;clear:left;\">income and expenses of consolidated companies are fully </span><span style=\"display:inherit;clear:left;\">incorporated line-by-line in the consolidated Financial </span><span style=\"display:inherit;clear:left;\">Statements (full consolidation method). </span><span style=\"display:inherit;clear:left;\">Unrealised gains from transactions between consolidated </span><span style=\"display:inherit;clear:left;\">companies are derecognised, as are receivables, payables, </span><span style=\"display:inherit;clear:left;\">income, expenses, guarantees, commitments and risks </span><span style=\"display:inherit;clear:left;\">between consolidated companies. The portion pertaining </span><span style=\"display:inherit;clear:left;\">to the Group of unrealised gains with companies valued </span><span style=\"display:inherit;clear:left;\">using the equity method is derecognised. In both cases, </span><span style=\"display:inherit;clear:left;\">intragroup losses are not derecognised because they </span><span style=\"display:inherit;clear:left;\">are considered to represent the impairment loss on the </span><span style=\"display:inherit;clear:left;\">transferred asset.</span><span style=\"display:inherit;clear:left;\">Changes in equity investments held directly or indirectly </span><span style=\"display:inherit;clear:left;\">by the Company in subsidiaries that do not result in a </span><span style=\"display:inherit;clear:left;\">change in the qualification of the investment as a subsidiary </span><span style=\"display:inherit;clear:left;\">are recorded directly in equity as transactions with </span><span style=\"display:inherit;clear:left;\">shareholders. The book value of the equity attributable to </span><span style=\"display:inherit;clear:left;\">Parent company shareholders and non-controlling interests </span><span style=\"display:inherit;clear:left;\">are adjusted to reflect the change in the equity investment </span><span style=\"display:inherit;clear:left;\">ownership. The difference between the book value of </span><span style=\"display:inherit;clear:left;\">minority interests and the fair value of the consideration </span><span style=\"display:inherit;clear:left;\">paid or received is recorded directly under equity </span><span style=\"display:inherit;clear:left;\">attributable to Parent company shareholders.</span><span style=\"display:inherit;clear:left;\">Otherwise, the selling of interests entailing loss of control </span><span style=\"display:inherit;clear:left;\">requires the posting to the income statement of: (i) </span><span style=\"display:inherit;clear:left;\">any capital gains or losses calculated as the difference </span><span style=\"display:inherit;clear:left;\">between the consideration received and the corresponding </span><span style=\"display:inherit;clear:left;\">portion of shareholders\u2019 equity transferred; (ii) the effect </span><span style=\"display:inherit;clear:left;\">of the alignment to the fair value of any residual equity </span><span style=\"display:inherit;clear:left;\">investment maintained; (iii) any amounts posted to other </span><span style=\"display:inherit;clear:left;\">components in the comprehensive income statement </span><span style=\"display:inherit;clear:left;\">relating to the former subsidiary that will be reclassified </span><span style=\"display:inherit;clear:left;\">to the income statement. The fair value of any equity </span><span style=\"display:inherit;clear:left;\">investment maintained at the date of loss of control </span><span style=\"display:inherit;clear:left;\">represents the new reference value for the successive </span><span style=\"display:inherit;clear:left;\">valuation of the equity investment according to the </span><span style=\"display:inherit;clear:left;\">applicable valuation criteria.</span><span style=\"display:inherit;clear:left;\">Associates and joint ventures accounted for using the </span><span style=\"display:inherit;clear:left;\">equity method</span><span style=\"display:inherit;clear:left;\">An associate is an investee in which the Group has </span><span style=\"display:inherit;clear:left;\">significant influence, i.e., the power to participate in </span><span style=\"display:inherit;clear:left;\">determining the financial and operating policies of the </span><span style=\"display:inherit;clear:left;\">associate company, without, however<span class=\"_ _1\"></span>, having control or </span><span style=\"display:inherit;clear:left;\">3</span><span style=\"display:inherit;clear:left;\">joint control</span><span style=\"display:inherit;clear:left;\">; over it. The investor is presumed to have </span><span style=\"display:inherit;clear:left;\">significant influence (unless the contrary can be proven ) if </span><span style=\"display:inherit;clear:left;\">it owns, directly or indirectly through subsidiaries, at least </span><span style=\"display:inherit;clear:left;\">20% of the exercisable voting rights.</span><span style=\"display:inherit;clear:left;\">A joint venture is a joint arrangement in which the parties </span><span style=\"display:inherit;clear:left;\">that hold joint control have rights to the net assets subject </span><span style=\"display:inherit;clear:left;\">to the arrangement and, therefore, havean interest in the </span><span style=\"display:inherit;clear:left;\">jointly controlled corporate vehicle.</span><span style=\"display:inherit;clear:left;\">Equity investments in associates and joint ventures </span><span style=\"display:inherit;clear:left;\">are measured using the equity method, whereby </span><span style=\"display:inherit;clear:left;\">the investments are initially recognised at cost and </span><span style=\"display:inherit;clear:left;\">subsequently adjusted to take account of:</span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span>the investor\u2019s share in the economic results of the </span><span style=\"display:inherit;clear:left;\">investee after the acquisition date;</span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>the investor<span class=\"_ _0\"></span>\u2019s share of the other components in the </span><span style=\"display:inherit;clear:left;\">comprehensive income statement of the investee.</span><span style=\"display:inherit;clear:left;\">Dividends distributed by the investee are recognised net of </span><span style=\"display:inherit;clear:left;\">the book value of the equity investment. For the purposes </span><span style=\"display:inherit;clear:left;\">of applying the equity method, the adjustments provided </span><span style=\"display:inherit;clear:left;\">for the consolidation process are taken into account (see </span><span style=\"display:inherit;clear:left;\">also the previous point on fully consolidated subsidiaries).</span><span style=\"display:inherit;clear:left;\">In the case of an associate relationship (or joint control </span><span style=\"display:inherit;clear:left;\">) the cost of the investment is measured, in subsequent </span><span style=\"display:inherit;clear:left;\">stages, as the sum of the fair values of the previously held </span><span style=\"display:inherit;clear:left;\">interests and the fair value of the consideration transferred </span><span style=\"display:inherit;clear:left;\">at the date the investment qualifies as an associate (or </span><span style=\"display:inherit;clear:left;\">as jointly controlled). The effect of the revaluation of the </span><span style=\"display:inherit;clear:left;\">book value of equity interests held prior to the assumption </span><span style=\"display:inherit;clear:left;\">of the connection (or joint control) is recognised in profit </span><span style=\"display:inherit;clear:left;\">or loss, including any components recognised in other </span><span style=\"display:inherit;clear:left;\">comprehensive income. The sale of the investment that </span><span style=\"display:inherit;clear:left;\">results in loss of joint control or significant influence over </span><span style=\"display:inherit;clear:left;\">the investee determines the recognition of the following in </span><span style=\"display:inherit;clear:left;\">the income statement: any capital gains or losses calculated </span><span style=\"display:inherit;clear:left;\">as the difference between the consideration received </span><span style=\"display:inherit;clear:left;\">and the corresponding fractionof thebook value of the </span><span style=\"display:inherit;clear:left;\">investment sold; (ii) the effect of the alignment to the </span><span style=\"display:inherit;clear:left;\">fair value of any residual equity investment maintained; </span><span style=\"display:inherit;clear:left;\">(iii) any amounts posted to other components in the </span><span style=\"display:inherit;clear:left;\">comprehensive income statement relating to the investee </span><span style=\"display:inherit;clear:left;\">entity that will be reclassified to the income statement. The </span><span style=\"display:inherit;clear:left;\">value of any equity investment maintained, aligned with </span><span style=\"display:inherit;clear:left;\">the relative fair value at the date of loss of joint control or </span><span style=\"display:inherit;clear:left;\">significant influence, represents the new reference value </span><span style=\"display:inherit;clear:left;\">for the successive valuation according to the applicable </span><span style=\"display:inherit;clear:left;\">valuation criteria. </span><span style=\"display:inherit;clear:left;\">3 <span class=\"_ _80\"> </span>Joint control is the sharing, on a contractual basis, of control of an </span><span style=\"display:inherit;clear:left;\">arrangement, which exists only when the unanimous consent of all </span><span style=\"display:inherit;clear:left;\">parties sharing control is required for decisions on relevant activities.</span><span style=\"display:inherit;clear:left;\">If there is objective evidence of impairment, the Group </span><span style=\"display:inherit;clear:left;\">performs an impairment test by comparing the book </span><span style=\"display:inherit;clear:left;\">value with the relative recoverable value, recording this </span><span style=\"display:inherit;clear:left;\">difference in the income statement under 'Share of profit </span><span style=\"display:inherit;clear:left;\">or loss of investments accounted for using the equity </span><span style=\"display:inherit;clear:left;\">method'. In the event that the Group's share of the loss </span><span style=\"display:inherit;clear:left;\">exceeds the book value of the investment, the latter </span><span style=\"display:inherit;clear:left;\">is written off and any excess is recognised in a special </span><span style=\"display:inherit;clear:left;\">provision, if the investor is obliged to fulfil legal or implicit </span><span style=\"display:inherit;clear:left;\">obligations of the investee company or otherwise cover </span><span style=\"display:inherit;clear:left;\">its losses. When the reasons for the impairment losses no </span><span style=\"display:inherit;clear:left;\">longer apply, equity investments are revalued up to the </span><span style=\"display:inherit;clear:left;\">amount of the impairment losses entered, with the effect </span><span style=\"display:inherit;clear:left;\">posted to the income statement under the above item.</span><span style=\"display:inherit;clear:left;\">The parent company\u2019s share of any losses of the investee </span><span style=\"display:inherit;clear:left;\">company, greater than the investment\u2019s book value, is </span><span style=\"display:inherit;clear:left;\">recognised in a special provision to the extent that the </span><span style=\"display:inherit;clear:left;\">parent company is committed to fulfilling its legal or </span><span style=\"display:inherit;clear:left;\">implied obligations to the investee, or<span class=\"_ _1\"></span>, in any event<span class=\"_ _0\"></span>, to </span><span style=\"display:inherit;clear:left;\">covering its losses.</span><span style=\"display:inherit;clear:left;\">Business combinations</span><span style=\"display:inherit;clear:left;\">Business combinations are transactions with which the </span><span style=\"display:inherit;clear:left;\">group acquires control of a business. T<span class=\"_ _1\"></span>o determine </span><span style=\"display:inherit;clear:left;\">whether a particular set of acquired assets and activities </span><span style=\"display:inherit;clear:left;\">meets the definition of a \u201cbusiness\u201d, the Group examines </span><span style=\"display:inherit;clear:left;\">whether that set comprises, at least, a production factor </span><span style=\"display:inherit;clear:left;\">and a substantial process and whether it has the ability to </span><span style=\"display:inherit;clear:left;\">generate production. </span><span style=\"display:inherit;clear:left;\">Business combinations are accounted for by applying the </span><span style=\"display:inherit;clear:left;\">acquisition method, whereby the consideration transferred </span><span style=\"display:inherit;clear:left;\">at the date of acquisition of control is equal to the fair </span><span style=\"display:inherit;clear:left;\">value of the assets transferred, the liabilities incurred or </span><span style=\"display:inherit;clear:left;\">taken on, and any equity instrumentsissued. </span><span style=\"display:inherit;clear:left;\">The consideration transferred also includes the current </span><span style=\"display:inherit;clear:left;\">value of any deferred fixed payments and the fair value </span><span style=\"display:inherit;clear:left;\">of any contingent considerations (e.g earn-outs). If the </span><span style=\"display:inherit;clear:left;\">contingent consideration meets the definition of an equity </span><span style=\"display:inherit;clear:left;\">instrument, it is classified as shareholders\u2019 equity and is not </span><span style=\"display:inherit;clear:left;\">measured thereafter<span class=\"_ _1\"></span>. Other contingent considerations are </span><span style=\"display:inherit;clear:left;\">recognised as a liabilities and are measured at fair value at </span><span style=\"display:inherit;clear:left;\">each financial year-end; changes in fair value are recognised </span><span style=\"display:inherit;clear:left;\">in the income statement.</span><span style=\"display:inherit;clear:left;\">Costs directly attributable to the transaction, other than </span><span style=\"display:inherit;clear:left;\">those related to the issue of debt or equity instruments, </span><span style=\"display:inherit;clear:left;\">are recognised in the income statement when they are </span><span style=\"display:inherit;clear:left;\">incurred.</span><span style=\"display:inherit;clear:left;\">The shareholders\u2019 equity of these associate companies is </span><span style=\"display:inherit;clear:left;\">determined by attributing to each asset and liability its fair </span><span style=\"display:inherit;clear:left;\">value at the date of acquisition of control.  If positive, any </span><span style=\"display:inherit;clear:left;\">difference from the consideration transferred is posted to </span><span style=\"display:inherit;clear:left;\">the asset item \u201cGoodwill\u201d; if negative, it is posted instead </span><span style=\"display:inherit;clear:left;\">to the income statement.</span><span style=\"display:inherit;clear:left;\">Where total control is not acquired, the share of equity </span><span style=\"display:inherit;clear:left;\">attributable to minority interests is determined based </span><span style=\"display:inherit;clear:left;\">on the share of the current values attributed to assets </span><span style=\"display:inherit;clear:left;\">and liabilities at the date of acquisition of control, </span><span style=\"display:inherit;clear:left;\">net of any goodwill (the \u201cpartial goodwill method\u201d). </span><span style=\"display:inherit;clear:left;\">Alternatively, the full amount of the goodwill generated </span><span style=\"display:inherit;clear:left;\">by the acquisition is recognised, therefore also taking into </span><span style=\"display:inherit;clear:left;\">account the portion attributable to minority interests </span><span style=\"display:inherit;clear:left;\">(the \u201cfull goodwill method\u201d). In this case, non-controlling </span><span style=\"display:inherit;clear:left;\">interests are expressed at their total fair value, including </span><span style=\"display:inherit;clear:left;\">the attributable share of goodwill. The choice of how </span><span style=\"display:inherit;clear:left;\">to determine goodwill (Partial goodwill method or full </span><span style=\"display:inherit;clear:left;\">goodwill method) is based on each individual business </span><span style=\"display:inherit;clear:left;\">combination transaction.</span><span style=\"display:inherit;clear:left;\">If control is assumed in successive stages, the </span><span style=\"display:inherit;clear:left;\">consideration transferred is determined by adding </span><span style=\"display:inherit;clear:left;\">together the fair value of the equity investment previously </span><span style=\"display:inherit;clear:left;\">held in the acquired company and theamount paid to </span><span style=\"display:inherit;clear:left;\">acquire the additional equity investment. The difference </span><span style=\"display:inherit;clear:left;\">between the fair value of the previously held equity </span><span style=\"display:inherit;clear:left;\">investment (redetermined at the time of acquisition </span><span style=\"display:inherit;clear:left;\">of control) and the relative book value is posted to </span><span style=\"display:inherit;clear:left;\">the income statement. Upon acquisition of control, </span><span style=\"display:inherit;clear:left;\">any components previously recognised under other </span><span style=\"display:inherit;clear:left;\">components in the comprehensive income statement </span><span style=\"display:inherit;clear:left;\">are posted to the income statement or to another item </span><span style=\"display:inherit;clear:left;\">of shareholders\u2019 equity, if no provisions are made for </span><span style=\"display:inherit;clear:left;\">classification in the income statement.</span><span style=\"display:inherit;clear:left;\">When the values of the assets and liabilities of the </span><span style=\"display:inherit;clear:left;\">acquired entity are determined provisionally in the </span><span style=\"display:inherit;clear:left;\">financial year in which the business combination is </span><span style=\"display:inherit;clear:left;\">concluded, the figures recorded are adjusted, with </span><span style=\"display:inherit;clear:left;\">retroactive effect, no later than 12 months after the </span><span style=\"display:inherit;clear:left;\">acquisition date, to take into account new information </span><span style=\"display:inherit;clear:left;\">about facts and circumstances in existence at the </span><span style=\"display:inherit;clear:left;\">acquisition date.</span><span style=\"display:inherit;clear:left;\">Business combinations involving entities under joint </span><span style=\"display:inherit;clear:left;\">control</span><span style=\"display:inherit;clear:left;\">Business combinations involving companies that are </span><span style=\"display:inherit;clear:left;\">definitively controlled by the same company or companies </span><span style=\"display:inherit;clear:left;\">before and after the transaction, and where such control </span><span style=\"display:inherit;clear:left;\">is not temporary, are classed as \u201cBusiness combinations </span><span style=\"display:inherit;clear:left;\">of entities under common control\u201d, whose accounting </span><span style=\"display:inherit;clear:left;\">is not specifically disclosed in IFRS.  In the absence of </span><span style=\"display:inherit;clear:left;\">a reference accounting standard, the selection of an </span><span style=\"display:inherit;clear:left;\">accounting standard for such transactions, for which </span><span style=\"display:inherit;clear:left;\">a significant influence on future cash flows cannot be </span><span style=\"display:inherit;clear:left;\">established, is guided by the principle of prudence, which </span><span style=\"display:inherit;clear:left;\">leads to the application of the criterion of continuity of </span><span style=\"display:inherit;clear:left;\">values of the net assets acquired. The assets are measured </span><span style=\"display:inherit;clear:left;\">at the book values from the financial statements of the </span><span style=\"display:inherit;clear:left;\">companies being acquired (or the vendor company) </span><span style=\"display:inherit;clear:left;\">before the transaction or<span class=\"_ _1\"></span>, alternatively, at the values from </span><span style=\"display:inherit;clear:left;\">the consolidated financial statements of the common </span><span style=\"display:inherit;clear:left;\">ultimate parent.</span><span style=\"display:inherit;clear:left;\">With regard to the sale of business, the treatment </span><span style=\"display:inherit;clear:left;\">of the difference between the contractually defined </span><span style=\"display:inherit;clear:left;\">consideration and the carrying amounts of the transferred </span><span style=\"display:inherit;clear:left;\">business is differentiated depending on the entities </span><span style=\"display:inherit;clear:left;\">involved in the transfer<span class=\"_ _1\"></span>. </span><span style=\"display:inherit;clear:left;\">With regard to contributions involving businesses under </span><span style=\"display:inherit;clear:left;\">common control, on the other hand, irrespective of the </span><span style=\"display:inherit;clear:left;\">pre-existing investment relationship, the transferee entity </span><span style=\"display:inherit;clear:left;\">recognises the transferred business at its historical carrying </span><span style=\"display:inherit;clear:left;\">value, increasing its own equity by an equal amount; the </span><span style=\"display:inherit;clear:left;\">transferring entity shall recognise the investment in the </span><span style=\"display:inherit;clear:left;\">transferee entity at an amount equal to the increase in the </span><span style=\"display:inherit;clear:left;\">latter\u2019s shareholders\u2019 equity. This accounting treatment </span><span style=\"display:inherit;clear:left;\">refers to the proposal by Assirevi in the Preliminar<span class=\"_ _0\"></span>y </span><span style=\"display:inherit;clear:left;\">Guidelines on IFRS (OPI No. 1 Revised) - \u201c<span class=\"_ _1\"></span>Accounting </span><span style=\"display:inherit;clear:left;\">treatment of business combinations of entities under </span><span style=\"display:inherit;clear:left;\">common control in the separate and consolidated financial </span><span style=\"display:inherit;clear:left;\">statements\u201d issued in October 2016.</span><span style=\"display:inherit;clear:left;\">Accounting treatment of put options written on the </span><span style=\"display:inherit;clear:left;\">shares of subsidiaries</span><span style=\"display:inherit;clear:left;\">Therefore, if the Group does not have the unconditional </span><span style=\"display:inherit;clear:left;\">right to avoid delivery of cash or other financial instruments </span><span style=\"display:inherit;clear:left;\">when a put option on shares in subsidiaries is exercised, a </span><span style=\"display:inherit;clear:left;\">financial liability equal to the current value of the option </span><span style=\"display:inherit;clear:left;\">exercise price is recognised and subsequent changes in the </span><span style=\"display:inherit;clear:left;\">financial liability are recognised in the income statement. </span><span style=\"display:inherit;clear:left;\">The same accounting treatment is applicable when, in </span><span style=\"display:inherit;clear:left;\">addition to a put option, there is also the simultaneous </span><span style=\"display:inherit;clear:left;\">presence of a symmetrical call option, the so-called </span><span style=\"display:inherit;clear:left;\">\u201csymmetrical put and call options related to non-controlling </span><span style=\"display:inherit;clear:left;\">interest\u201d.</span><span style=\"display:inherit;clear:left;\">Snam considers that shares subject to put options (or </span><span style=\"display:inherit;clear:left;\">symmetrical put and call options) have already been </span><span style=\"display:inherit;clear:left;\">acquired by the Group, in cases where the economic </span><span style=\"display:inherit;clear:left;\">benefits and risks associated with the actual ownership of </span><span style=\"display:inherit;clear:left;\">the shares do not remain with the minority shareholders; </span><span style=\"display:inherit;clear:left;\">therefore, in such circumstances, it does not recognise </span><span style=\"display:inherit;clear:left;\">minority interests in the consolidated financial statements.</span><span style=\"display:inherit;clear:left;\">5.2 <span class=\"_ _3c\"> </span>Property<span class=\"_ _11\"></span>, plant and equipment </span><span style=\"display:inherit;clear:left;\">Recognition and measurement of owned assets</span><span style=\"display:inherit;clear:left;\">Property, plant and equipment are measured at cost, less </span><span style=\"display:inherit;clear:left;\">accumulated depreciation and impairment losses. When </span><span style=\"display:inherit;clear:left;\">a significant period of time is needed before the asset is </span><span style=\"display:inherit;clear:left;\">ready for use, financial expenses incurred during the asset </span><span style=\"display:inherit;clear:left;\">preparation period are also capitalised in the cost of the </span><span style=\"display:inherit;clear:left;\">asset.</span><span style=\"display:inherit;clear:left;\">If there are current obligations for the decommissioning </span><span style=\"display:inherit;clear:left;\">and removal of assets and restoration of the sites, </span><span style=\"display:inherit;clear:left;\">the book value includes the estimated (discounted) </span><span style=\"display:inherit;clear:left;\">costs to be incurred at the time that the structures are </span><span style=\"display:inherit;clear:left;\">decommissioned, recognised as a contra-entry to aspecific </span><span style=\"display:inherit;clear:left;\">provision. The accounting treatment for revisions in these </span><span style=\"display:inherit;clear:left;\">cost estimates, the passage of time and the discount rate </span><span style=\"display:inherit;clear:left;\">are indicated in the Note 5.9 \u201cProvisions for risks and </span><span style=\"display:inherit;clear:left;\">charges, contingent liabilities and contingent assets\u201d.</span><span style=\"display:inherit;clear:left;\">Subsequent costs of improvements, upgrades and </span><span style=\"display:inherit;clear:left;\">transformations to/of property, plant and equipment </span><span style=\"display:inherit;clear:left;\">are capitalisedwhen it is likely that they will increase </span><span style=\"display:inherit;clear:left;\">the future economic benefits expected. Costs are also </span><span style=\"display:inherit;clear:left;\">capitalised when related to items purchased for security </span><span style=\"display:inherit;clear:left;\">or environmental reasons which, although not directly </span><span style=\"display:inherit;clear:left;\">improving the future economic benefits of existing assets, </span><span style=\"display:inherit;clear:left;\">are necessary to carr<span class=\"_ _0\"></span>y out the company\u2019s operations.</span><span style=\"display:inherit;clear:left;\">Property, plant and equipment includes:  </span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span>with regard to natural gas transportation, the value </span><span style=\"display:inherit;clear:left;\">relating to the quantities of natural gas injected to </span><span style=\"display:inherit;clear:left;\">bring natural gas pipelines into service. The valuation is </span><span style=\"display:inherit;clear:left;\">carried out using the weighted average purchase price </span><span style=\"display:inherit;clear:left;\">method. Specifically, the component of this quantity </span><span style=\"display:inherit;clear:left;\">that can no longer be extracted (the \u201cinitial line pack\u201d) </span><span style=\"display:inherit;clear:left;\">is depreciated over the useful life of the plant to which </span><span style=\"display:inherit;clear:left;\">it refers. On the contrary, the commercial component, </span><span style=\"display:inherit;clear:left;\">which is eventually transferable to the market or can </span><span style=\"display:inherit;clear:left;\">be put to alternative uses (the so-called \u201cOperating line </span><span style=\"display:inherit;clear:left;\">pack\u201d), is not subject to depreciation, since by its nature </span><span style=\"display:inherit;clear:left;\">it cannot depreciate; </span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>in the context of natural gas storage, the part of the gas </span><span style=\"display:inherit;clear:left;\">injected into the storage wells as cushion gas.</span><span style=\"display:inherit;clear:left;\">Recognition and measurement of leased assets</span><span style=\"display:inherit;clear:left;\">A contract is or contains a lease if it gives an entity the </span><span style=\"display:inherit;clear:left;\">right to control the use of an identified asset for a certain </span><span style=\"display:inherit;clear:left;\">period of time in exchange for a fee. For all leases with a </span><span style=\"display:inherit;clear:left;\">term of more than 12 months and relating to assets that </span><span style=\"display:inherit;clear:left;\">4</span><span style=\"display:inherit;clear:left;\">do not have a low value</span><span style=\"display:inherit;clear:left;\">, an asset is recognised in the </span><span style=\"display:inherit;clear:left;\">balance sheet on the effective date, i.e. when the asset is </span><span style=\"display:inherit;clear:left;\">made available for use (i) within the item property, plant </span><span style=\"display:inherit;clear:left;\">and equipment, which is representative of the right to use </span><span style=\"display:inherit;clear:left;\">the asset, and (ii) a financial liability is recognised, which </span><span style=\"display:inherit;clear:left;\">is representative of the obligation to make the payments </span><span style=\"display:inherit;clear:left;\">under the contract. </span><span style=\"display:inherit;clear:left;\">In determining the duration of the lease, the group </span><span style=\"display:inherit;clear:left;\">considers the non-cancellable period of the contract and, </span><span style=\"display:inherit;clear:left;\">when it believes there is reasonable certainty, also the </span><span style=\"display:inherit;clear:left;\">additional periods for the exercise of renewal options or </span><span style=\"display:inherit;clear:left;\">the non-exercise of early termination options provided in </span><span style=\"display:inherit;clear:left;\">the contract.</span><span style=\"display:inherit;clear:left;\">4 <span class=\"_ _80\"> </span>The Group considers low-value goods to be all goods whose value is </span><span style=\"display:inherit;clear:left;\">\u20ac25,000 or less. </span><span style=\"display:inherit;clear:left;\">Liabilities for leases are recognised initially at an amount </span><span style=\"display:inherit;clear:left;\">equal to the current value of the following lease payments </span><span style=\"display:inherit;clear:left;\">not yet made at the lease commencement date: </span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span>fixed (or substantially fixed) payments, net of any </span><span style=\"display:inherit;clear:left;\">incentives to be received; </span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>variable payments that depend on trends in rates or </span><span style=\"display:inherit;clear:left;\">indices;</span><span style=\"display:inherit;clear:left;\">(iii) estimated future payments for any residual value </span><span style=\"display:inherit;clear:left;\">guarantees, for the exercise of the purchase option and </span><span style=\"display:inherit;clear:left;\">for any penalties related to the early termination of the </span><span style=\"display:inherit;clear:left;\">contract, if the group considers the exercise of such </span><span style=\"display:inherit;clear:left;\">options to be reasonably certain.</span><span style=\"display:inherit;clear:left;\">The current value of the payments is calculated using a </span><span style=\"display:inherit;clear:left;\">discount rate equal to the group\u2019s marginal borrowing </span><span style=\"display:inherit;clear:left;\">rate taking into account the frequency and duration of </span><span style=\"display:inherit;clear:left;\">payments under the lease agreement.</span><span style=\"display:inherit;clear:left;\">Subsequent to initial recognition, the lease liability is </span><span style=\"display:inherit;clear:left;\">measured at amortised cost and is redetermined, against </span><span style=\"display:inherit;clear:left;\">the book value of the right<span class=\"_ _c\"></span>-of-use asset, when there is a </span><span style=\"display:inherit;clear:left;\">change in the lease payments due as a result of: </span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span>contract renegotiations;</span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>changes in rates or indices; or </span><span style=\"display:inherit;clear:left;\">(iii) changes in measurement made regarding the exercise </span><span style=\"display:inherit;clear:left;\">of contractually-provided options (e.g. purchase of the </span><span style=\"display:inherit;clear:left;\">leased asset or the extension or early termination of the </span><span style=\"display:inherit;clear:left;\">contract).</span><span style=\"display:inherit;clear:left;\">The right<span class=\"_ _c\"></span>-of-use asset is initially recognised at cost, </span><span style=\"display:inherit;clear:left;\">determined as the sum of the following components: </span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span>the initial amount of the finance lease liability; </span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>the initial direct costs incurred by the lessee; </span><span style=\"display:inherit;clear:left;\">(iii) any payments made on or before the lease </span><span style=\"display:inherit;clear:left;\">commencement date, net of any incentives received by </span><span style=\"display:inherit;clear:left;\">the lessor; and </span><span style=\"display:inherit;clear:left;\">(iv) the best estimate of the costs that the group expects to </span><span style=\"display:inherit;clear:left;\">incur for the decommissioning and removal of the asset </span><span style=\"display:inherit;clear:left;\">as well as the eventual reclamation of the site (i.e. the </span><span style=\"display:inherit;clear:left;\">costs to restore the asset to its contractual condition). </span><span style=\"display:inherit;clear:left;\">After the initial recognition, the right<span class=\"_ _c\"></span>-of-use asset is </span><span style=\"display:inherit;clear:left;\">adjusted to take account of:</span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span> depreciation and amortisation expense;</span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>the related effects and any restatements of the </span><span style=\"display:inherit;clear:left;\">financial lease liability and </span><span style=\"display:inherit;clear:left;\">(iii) the related effects and any restatements of the </span><span style=\"display:inherit;clear:left;\">financial lease liability.</span><span style=\"display:inherit;clear:left;\">Depreciation of property<span class=\"_ _1\"></span>, plant and equipment  </span><span style=\"display:inherit;clear:left;\">Starting when the asset is available and ready for use, owned and leased property, plant and equipment is systematically </span><span style=\"display:inherit;clear:left;\">depreciated on a straight<span class=\"_ _c\"></span>-line basis over its useful life, defined as the period of time in which it is expected that the </span><span style=\"display:inherit;clear:left;\">company may use the asset. The amount to be depreciated is the book value, reduced by the projected net realisable value </span><span style=\"display:inherit;clear:left;\">at the end of the asset\u2019s useful life, if this is significant and can be reasonably determined.</span><span style=\"display:inherit;clear:left;\">The table below shows the annual depreciation rates used for the year in question, broken down into homogeneous </span><span style=\"display:inherit;clear:left;\">5</span><span style=\"display:inherit;clear:left;\">categories, together with the relevant period of application</span><span style=\"display:inherit;clear:left;\">: </span><span style=\"display:inherit;clear:left;position:relative;height:737.630859375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 444.625px; top: 0.0078125px; width: 280.535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Annual economic</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-technic</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">al depreciation rat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e (%) </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 38.4824px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Land</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 604.867px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">not depreciated</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 63.9512px; width: 718.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Buildings</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 405.862px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2 or higher depending on the residual useful life</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 89.4043px; width: 208.746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Plant and machinery \u2013 Transportation</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 114.873px; width: 718.939px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Gas pipelines </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 377.197px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2 or higher depending on the residual useful life</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 140.342px; width: 718.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Compression plants</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 344.103px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5 or higher depending on the residual useful life</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 165.795px; width: 718.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Gas reduction and regulation plants</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 257.344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5 or higher depending on the residual useful life</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 191.264px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Radio links</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 640.47px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">25</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 216.732px; width: 718.992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Monitoring and control instruments and syst</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ems</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.219px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10 or higher depending on the residual useful life</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 242.186px; width: 168.732px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Plant and machinery \u2013 Storage</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 267.654px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Pipelines</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 656.456px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 293.123px; width: 719.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">reatment plants </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 609.311px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 318.592px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Compression stations</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 588.461px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 344.045px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Storage wells</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 615.803px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.66</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 369.514px; width: 718.992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Monitoring and control instruments and syst</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ems</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.219px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10 or higher depending on the residual useful life</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 394.982px; width: 201.568px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Plant and machinery \u2013 regasification</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 420.436px; width: 718.887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Regasification plants </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 335.103px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4 or higher depending on the residual useful life</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 445.904px; width: 719.32px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">anks and oil pipelines</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 329.818px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4 or higher depending on the residual useful life</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 471.373px; width: 235.682px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Plant and machinery - Biogas/Biomethane </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 496.826px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Biogas/biomethane plants</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 324.334px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6-7 or depending on the remaining useful life</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 522.295px; width: 213.627px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Plant and machinery - Energy efficienc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 547.764px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Energy efficiency plants</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 558.739px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7-10</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 573.232px; width: 70.5996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other assets</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 598.686px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Centralised IT infrastructures</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 546.54px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 624.154px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other plant and equipment</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 526.894px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2.5-12.5</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 649.623px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Measuring equipment</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 575.614px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5-10</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 675.076px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Industrial and Commercial Equipment</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 483.956px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10-35</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 700.545px; width: 718.922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 391.331px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10-33 or depending on the remaining useful life</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 726.014px; width: 391.945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rights of use for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 223.295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 391.945px; top: 726.014px; width: 326.953px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">&lt; between the economic</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-technical life and contract duration</span></span></span><span style=\"display:inherit;clear:left;\">When an item recorded under property, plant and equipment consists of several significant components with different </span><span style=\"display:inherit;clear:left;\">useful lives, a component approach is adopted, whereby each individual component depreciates separately.</span><span style=\"display:inherit;clear:left;\">5 <span class=\"_ _80\"> </span>The application rate or internal could be higher depending on the residual life following business combination acquisitions and/or transactions.</span><span style=\"display:inherit;clear:left;\">5.3 <span class=\"_ _3c\"> </span>Intangible assets and goodwill</span><span style=\"display:inherit;clear:left;\">Recognition and measurement of intangible assets and goodwill</span><span style=\"display:inherit;clear:left;\">Intangible assets are those non monetary assets without identifiable physical form, are controlled by the group and are </span><span style=\"display:inherit;clear:left;\">capable of generating future economic benefits. They are recognised at cost net of amortisation and any accumulated </span><span style=\"display:inherit;clear:left;\">impairment losses.</span><span style=\"display:inherit;clear:left;\">Goodwill arising from the acquisition of subsidiaries is measured at cost less impairment losses.</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>echnical development costs are capitalised as intangible assets when: (i) the cost attributable to the intangible asset can </span><span style=\"display:inherit;clear:left;\">be reliably determined; (ii) there is an intention, the availability of financial resources and the technical ability to make the </span><span style=\"display:inherit;clear:left;\">asset available for use or sale; and (iii) it can be shown that the asset is capable of producing future economic benefits.</span><span style=\"display:inherit;clear:left;\">Alternatively, costs for the acquisition of new knowledge or discoveries, investigations into products or alternative </span><span style=\"display:inherit;clear:left;\">processes, new techniques or models, or the design and construction of prototypes, or incurred for other scientific </span><span style=\"display:inherit;clear:left;\">research or technological developments, whichdo not meet the conditions for capitalisation are considered current costs </span><span style=\"display:inherit;clear:left;\">and charged to the income statement for the period in which they are incurred.</span><span style=\"display:inherit;clear:left;\">The book value of the storage concessions represents the reserves of natural gas in the fields (so-called cushion gas), </span><span style=\"display:inherit;clear:left;\">which does not undergo depreciation, as: </span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span>the volume of this gas is not changed by the storage activity; </span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>the economic value of the gas that can be recovered at the end of the concession, in accordance with the provisions of </span><span style=\"display:inherit;clear:left;\">the Ministerial Decree of 3 November 2005 \u201cCriteria for determining an adequate consideration for the remuneration </span><span style=\"display:inherit;clear:left;\">of assets allocated to a concessionaire for the storage of natural gas\u201d of the Ministry of Productive Activities (MAP), is </span><span style=\"display:inherit;clear:left;\">not less than the value recorded in the financial statements.</span><span style=\"display:inherit;clear:left;\">Amortisation of intangible assets with a finite useful life </span><span style=\"display:inherit;clear:left;\">Intangible assets with a finite useful life are amortised systematically over their useful life, which is understood to be the </span><span style=\"display:inherit;clear:left;\">period of time in which it is expected that the company may use the asset.</span><span style=\"display:inherit;clear:left;\">The table below shows the annual depreciation rates used for the year in question, broken down into homogeneous </span><span style=\"display:inherit;clear:left;\">categories, together with the relevant period of application: </span><span style=\"display:inherit;clear:left;position:relative;height:91.130859375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 443.703px; top: 0.0078125px; width: 280.535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Annual economic</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-technic</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">al depreciation rat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e (%) </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 719.279px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Storage concessions</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 251.49px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">not depreciated: the residual value is greater than the book value</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Information systems</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 573.919px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">20-33</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.869px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other intangible assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 328.19px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">20 or depending on the duration of the contract</span></span></span></span><span style=\"display:inherit;clear:left;\">5.4 <span class=\"_ _3c\"> </span>Public and private grants</span><span style=\"display:inherit;clear:left;\">Capital grants given by public authorities are recognised when there is reasonable certainty that the conditions </span><span style=\"display:inherit;clear:left;\">imposed by the granting government agencies for their allocation will be met, and they are recognised as a reduction </span><span style=\"display:inherit;clear:left;\">to the purchase or production cost of their related assets. Similarly, capital grants received from private entities are </span><span style=\"display:inherit;clear:left;\">recognised in accordance with the same regulatory provisions.</span><span style=\"display:inherit;clear:left;\">Operating grants are recognised in the income statement on an accruals basis, consistent with the relative costs </span><span style=\"display:inherit;clear:left;\">incurred.</span><span style=\"display:inherit;clear:left;\">5.5 <span class=\"_ _3c\"> </span>Impairment of non-financial assets </span><span style=\"display:inherit;clear:left;\">Impairment of property<span class=\"_ _1\"></span>, plant and equipment and </span><span style=\"display:inherit;clear:left;\">intangible assets with a finite useful life</span><span style=\"display:inherit;clear:left;\">At least once a year<span class=\"_ _1\"></span>, non-financial, tangible and intangible </span><span style=\"display:inherit;clear:left;\">assets with a finite useful life are analysed to uncover any </span><span style=\"display:inherit;clear:left;\">indicators of impairment. </span><span style=\"display:inherit;clear:left;\">When there are indications that an impairment loss may </span><span style=\"display:inherit;clear:left;\">exist or when events occur leading to the assumption of </span><span style=\"display:inherit;clear:left;\">impairment of property, plant and equipment or intangible </span><span style=\"display:inherit;clear:left;\">assets with a finite useful life, their recoverability is </span><span style=\"display:inherit;clear:left;\">tested by comparing the book value with the related </span><span style=\"display:inherit;clear:left;\">recoverable value, which is the fair value, net of disposal </span><span style=\"display:inherit;clear:left;\">costs(see paragraph 5.8 \u201cSignificant accounting policies - </span><span style=\"display:inherit;clear:left;\">Measurement at fair value\u201d), or the value in use, whichever </span><span style=\"display:inherit;clear:left;\">is greater<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">The valuation is made on a per-asset basis or for the </span><span style=\"display:inherit;clear:left;\">smallest identifiable set of assets that, through ongoing </span><span style=\"display:inherit;clear:left;\">use, generates cash inflows largely independent of those </span><span style=\"display:inherit;clear:left;\">of other assets or groups of assets (Cash Generating Unit - </span><span style=\"display:inherit;clear:left;\">CGU). </span><span style=\"display:inherit;clear:left;\">The recoverable amount, in the value in use configuration, </span><span style=\"display:inherit;clear:left;\">is determined by discounting projected cash flows resulting </span><span style=\"display:inherit;clear:left;\">from the use of the asset and, if they are significant and can </span><span style=\"display:inherit;clear:left;\">be reasonably determined, from its sale at the end of its </span><span style=\"display:inherit;clear:left;\">useful life, net of any disposal costs.</span><span style=\"display:inherit;clear:left;\">This methodology is applied for the Biomethane Agri, </span><span style=\"display:inherit;clear:left;\">Biomethane Waste, Greenture and IT<span class=\"_ _c\"></span>G CGUs, as well as for </span><span style=\"display:inherit;clear:left;\">the Energy Efficiency CGU grouping.</span><span style=\"display:inherit;clear:left;\">With reference to the T<span class=\"_ _c\"></span>ransportation (Snam Rete Gas), </span><span style=\"display:inherit;clear:left;\">Regasification (Snam FSRU Piombino and LNG) and Storage </span><span style=\"display:inherit;clear:left;\">(Stogit) CGUs, the recoverable value was defined as </span><span style=\"display:inherit;clear:left;\">corresponding to the estimated value of the Net Invested </span><span style=\"display:inherit;clear:left;\">Capital recognised to these assets, for tariff purposes </span><span style=\"display:inherit;clear:left;\">(R<span class=\"_ _0\"></span>AB - Regulatory A<span class=\"_ _0\"></span>sset Base) by ARERA<span class=\"_ _0\"></span>, the energy </span><span style=\"display:inherit;clear:left;\">6</span><span style=\"display:inherit;clear:left;\">regulator<span class=\"_ _1\"></span>, net of the lump-sum components</span><span style=\"display:inherit;clear:left;\">, the Employee </span><span style=\"display:inherit;clear:left;\">Severance Indemnity (TFR) and contributions received.</span><span style=\"display:inherit;clear:left;\">Expected cash flows are determined on the basis of </span><span style=\"display:inherit;clear:left;\">reasonable and documentable assumptions representing </span><span style=\"display:inherit;clear:left;\">the best estimate of the future economic conditions of </span><span style=\"display:inherit;clear:left;\">the business or group of businesses, with greater weight </span><span style=\"display:inherit;clear:left;\">given to external indications. Discounting is done at a rate </span><span style=\"display:inherit;clear:left;\">reflecting current market conditions for the time value of </span><span style=\"display:inherit;clear:left;\">money and specific risks of the asset not reflected in the </span><span style=\"display:inherit;clear:left;\">estimated cash flows. </span><span style=\"display:inherit;clear:left;\">If the book value of the asset or CGU is greater than its </span><span style=\"display:inherit;clear:left;\">recoverable amount, an impairment loss is recognised in </span><span style=\"display:inherit;clear:left;\">6 <span class=\"_ _80\"> </span>The RAB is the basis for determining the ser<span class=\"_ _0\"></span>vice charges and, therefore, </span><span style=\"display:inherit;clear:left;\">the cash flows generated by the activities. The value of the RAB is </span><span style=\"display:inherit;clear:left;\">defined using the revalued historical cost method for Fixed Assets, </span><span style=\"display:inherit;clear:left;\">and on a lump-sum basis for Working Capital, employee severance </span><span style=\"display:inherit;clear:left;\">indemnity and, with reference to the storage sector<span class=\"_ _c\"></span>, the provision for </span><span style=\"display:inherit;clear:left;\">site decommissioning and restoration.</span><span style=\"display:inherit;clear:left;\">the income statement; a CGU\u2019s impairment losses are first </span><span style=\"display:inherit;clear:left;\">recognised as a reduction in the book value of any goodwill </span><span style=\"display:inherit;clear:left;\">(see next point \u201cImpairment of goodwill and intangible </span><span style=\"display:inherit;clear:left;\">assets not yet available for use\u201d) allocated to it and then </span><span style=\"display:inherit;clear:left;\">as a reduction in the book value of the other assets of the </span><span style=\"display:inherit;clear:left;\">CGU, in proportion to their respective book values. The </span><span style=\"display:inherit;clear:left;\">book value of each Cash Generating Unit (or grouping of </span><span style=\"display:inherit;clear:left;\">CGUs), consistently with the prevailing valuation practice, </span><span style=\"display:inherit;clear:left;\">is equal to the respective Net Invested Capital recorded at </span><span style=\"display:inherit;clear:left;\">the level of Snam\u2019s consolidated financial statements at the </span><span style=\"display:inherit;clear:left;\">reference date for carrying out the impairment test<span class=\"_ _0\"></span>.</span><span style=\"display:inherit;clear:left;\">If the conditions for a previously effected impairment </span><span style=\"display:inherit;clear:left;\">no longer apply, the book value of the asset (except </span><span style=\"display:inherit;clear:left;\">for goodwill) is restored with recognition in the income </span><span style=\"display:inherit;clear:left;\">statement (recovery of value), within the limits of the net </span><span style=\"display:inherit;clear:left;\">book value that the asset in question would have had if </span><span style=\"display:inherit;clear:left;\">the impairment had not been carried out and any related </span><span style=\"display:inherit;clear:left;\">amortisation had been carried out.    </span><span style=\"display:inherit;clear:left;\">If certain specific assets owned by the Group are affected </span><span style=\"display:inherit;clear:left;\">by unfavourable conditions of an operational or economic </span><span style=\"display:inherit;clear:left;\">nature, such that their ability to contribute to the </span><span style=\"display:inherit;clear:left;\">realisation of cash flows is impaired, they may be subject </span><span style=\"display:inherit;clear:left;\">to an independent recoverability analysis and, if necessary, </span><span style=\"display:inherit;clear:left;\">written down.</span><span style=\"display:inherit;clear:left;\">Impairment of goodwill and intangible assets not yet </span><span style=\"display:inherit;clear:left;\">available for use</span><span style=\"display:inherit;clear:left;\">The recoverability of the book value of goodwill and </span><span style=\"display:inherit;clear:left;\">intangible assets not yet available for use is tested at least </span><span style=\"display:inherit;clear:left;\">annually, and in any case when events occur leading to an </span><span style=\"display:inherit;clear:left;\">assumption of impairment.</span><span style=\"display:inherit;clear:left;\">Pursuant to the provisions of IFRS 3, in the context of </span><span style=\"display:inherit;clear:left;\">business combinations, the acquirer<span class=\"_ _1\"></span>, at the acquisition date, </span><span style=\"display:inherit;clear:left;\">recognises all assets, liabilities and identifiable contingent </span><span style=\"display:inherit;clear:left;\">liabilities under the acquisition at their fair values and any </span><span style=\"display:inherit;clear:left;\">residual difference with respect to the acquisition cost, </span><span style=\"display:inherit;clear:left;\">if positive, is recognised under Goodwill; if negative, it is </span><span style=\"display:inherit;clear:left;\">recognised in the income statement.</span><span style=\"display:inherit;clear:left;\">For the purpose of impairment testing, goodwill is </span><span style=\"display:inherit;clear:left;\">allocated, as of the acquisition date, to each Cash </span><span style=\"display:inherit;clear:left;\">Generating Unit, or grouping of CGUs, that is expected to </span><span style=\"display:inherit;clear:left;\">benefit from the synergies of the combination. </span><span style=\"display:inherit;clear:left;\">After its initial recognition, goodwill is not amortised but </span><span style=\"display:inherit;clear:left;\">is instead subject to a recoverability test at least annually </span><span style=\"display:inherit;clear:left;\">by determining the recoverable value of the CGU or group </span><span style=\"display:inherit;clear:left;\">of CGUs to which it is allocated (following the procedures </span><span style=\"display:inherit;clear:left;\">described in the note \u201cImpairment of tangible and </span><span style=\"display:inherit;clear:left;\">intangible assets of finite useful life\u201d); this is then compared </span><span style=\"display:inherit;clear:left;\">to the book value of the CGU itself (or group of CGUs<span class=\"_ _c\"></span>). The </span><span style=\"display:inherit;clear:left;\">book value of each Cash Generating Unit (or grouping of </span><span style=\"display:inherit;clear:left;\">CGUs), consistently with the prevailing valuation practice, </span><span style=\"display:inherit;clear:left;\">is equal to the respective Net Invested Capital recorded at </span><span style=\"display:inherit;clear:left;\">the level of Snam\u2019s consolidated financial statements at the </span><span style=\"display:inherit;clear:left;\">reference date for carrying out the impairment test<span class=\"_ _0\"></span>.</span><span style=\"display:inherit;clear:left;\">When the book value of the CGU (or group of CGUs<span class=\"_ _c\"></span>), </span><span style=\"display:inherit;clear:left;\">including the goodwill attributed to it, exceeds the </span><span style=\"display:inherit;clear:left;\">recoverable value, the difference is subject to impairment, </span><span style=\"display:inherit;clear:left;\">which is attributed by priority to the goodwill up to its </span><span style=\"display:inherit;clear:left;\">amount; any surplus in the impairment with respect to the </span><span style=\"display:inherit;clear:left;\">goodwill is attributed pro rata to the book value of the </span><span style=\"display:inherit;clear:left;\">assets constituting the CGU (or group of CGUs<span class=\"_ _c\"></span>). Goodwill </span><span style=\"display:inherit;clear:left;\">write-downs are not reversed, even if the reasons for the </span><span style=\"display:inherit;clear:left;\">write-down no longer apply in subsequent years.</span><span style=\"display:inherit;clear:left;\">Reduction in value of equity investments</span><span style=\"display:inherit;clear:left;\">In the presence of indications of impairment, or when </span><span style=\"display:inherit;clear:left;\">events occur that lead to a presumed reduction in the </span><span style=\"display:inherit;clear:left;\">value of investments, their recoverability is verified by </span><span style=\"display:inherit;clear:left;\">comparing the book value with the relative recoverable </span><span style=\"display:inherit;clear:left;\">value, represented by the greater of the fair value, net of </span><span style=\"display:inherit;clear:left;\">disposal costs (see section 5.8 'F<span class=\"_ _c\"></span>air Value Measurements<span class=\"_ _c\"></span>'), </span><span style=\"display:inherit;clear:left;\">and the value in use, determined through the application </span><span style=\"display:inherit;clear:left;\">of the Dividend Discount Model (DDM) or the Discounted </span><span style=\"display:inherit;clear:left;\">7</span><span style=\"display:inherit;clear:left;\">Cash Flow</span><span style=\"display:inherit;clear:left;\"> (DCF) method (the present value of expected </span><span style=\"display:inherit;clear:left;\">cash flows is determined as indicated in the previous </span><span style=\"display:inherit;clear:left;\">section 'Impairment of property, plant and equipment and </span><span style=\"display:inherit;clear:left;\">intangible assets with a finite useful life'). The application </span><span style=\"display:inherit;clear:left;\">of the Dividend Discount Model (DDM) provides that the </span><span style=\"display:inherit;clear:left;\">recoverable value, in the configuration of the value in </span><span style=\"display:inherit;clear:left;\">use, is determined by discounting the expected dividend </span><span style=\"display:inherit;clear:left;\">flows on the basis of the forecast plans of the investee </span><span style=\"display:inherit;clear:left;\">companies drawn up according to reasonable and </span><span style=\"display:inherit;clear:left;\">documentable assumptions, discounted at the cost of the </span><span style=\"display:inherit;clear:left;\">capital (Ke) which includes an<span class=\"_ _c\"></span>y specific risks not reflected </span><span style=\"display:inherit;clear:left;\">in the estimated cash flows.</span><span style=\"display:inherit;clear:left;\">5.6 Inventories</span><span style=\"display:inherit;clear:left;\">Inventories, including compulsory inventories, are </span><span style=\"display:inherit;clear:left;\">recorded at the lower of purchase or production cost and </span><span style=\"display:inherit;clear:left;\">net realizable value, which is the amount that the entity </span><span style=\"display:inherit;clear:left;\">expects to receive from their sale in the normal course of </span><span style=\"display:inherit;clear:left;\">business, net of the estimated costs for the completion </span><span style=\"display:inherit;clear:left;\">and the realisation of the sale.</span><span style=\"display:inherit;clear:left;\">The cost of natural gas inventories is determined using </span><span style=\"display:inherit;clear:left;\">the weighted average cost method.</span><span style=\"display:inherit;clear:left;\">7 <span class=\"_ _80\"> </span>If the Discounted Cash Flow (DCF) method is used, the results are </span><span style=\"display:inherit;clear:left;\">adjusted for the respective net financial positions.</span><span style=\"display:inherit;clear:left;\">It should be noted that any transactions involving strategic </span><span style=\"display:inherit;clear:left;\">gas, which are subject to prior authorisation by the Italian </span><span style=\"display:inherit;clear:left;\">Ministry of Enterprises and Made in Italy (MiMIT<span class=\"_ _0\"></span>), entail </span><span style=\"display:inherit;clear:left;\">a withdrawal and subsequent replenishment of the </span><span style=\"display:inherit;clear:left;\">quantities of gas from the strategic reserve, not resulting in </span><span style=\"display:inherit;clear:left;\">8</span><span style=\"display:inherit;clear:left;\">any movement of the stock</span><span style=\"display:inherit;clear:left;\">.  </span><span style=\"display:inherit;clear:left;\">5.7 <span class=\"_ _3c\"> </span>Financial instruments</span><span style=\"display:inherit;clear:left;\">Non-derivative financial assets -  </span><span style=\"display:inherit;clear:left;\">cash and cash equivalents</span><span style=\"display:inherit;clear:left;\">Cash and cash equivalents include cash amounts, on </span><span style=\"display:inherit;clear:left;\">demand deposits, and other short<span class=\"_ _c\"></span>-term financial assets </span><span style=\"display:inherit;clear:left;\">with a term of less than three months, which are readily </span><span style=\"display:inherit;clear:left;\">convertible into cash and for which the risk of a change </span><span style=\"display:inherit;clear:left;\">in value is negligible. They are recorded at nominal value, </span><span style=\"display:inherit;clear:left;\">corresponding to the fair value.</span><span style=\"display:inherit;clear:left;\">Non-derivative financial assets -  </span><span style=\"display:inherit;clear:left;\">receivables and debt securities</span><span style=\"display:inherit;clear:left;\">Debt securities held by the group consist mainly of trade </span><span style=\"display:inherit;clear:left;\">receivables, financial receivables and other receivables.</span><span style=\"display:inherit;clear:left;\">Initial recognition is at fair value, except for trade </span><span style=\"display:inherit;clear:left;\">receivables without a significant</span><span style=\"display:inherit;clear:left;\">financial component, the initial recognition value of which </span><span style=\"display:inherit;clear:left;\">is the transaction price as defined by IFRS 15.</span><span style=\"display:inherit;clear:left;\">Subsequent to initial recognition, financial assets </span><span style=\"display:inherit;clear:left;\">represented by debt securities are measured on the basis </span><span style=\"display:inherit;clear:left;\">of both the following: </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the business model identified for the management of </span><span style=\"display:inherit;clear:left;\">financial assets (so-called \u201cBusiness Model\u201d);</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the characteristics relating to the contractual cash </span><span style=\"display:inherit;clear:left;\">foows of the financial asset, i.e., whether the cash </span><span style=\"display:inherit;clear:left;\">flows generated by the financial asset consist solely of </span><span style=\"display:inherit;clear:left;\">principal payments and accrued interest on the amount </span><span style=\"display:inherit;clear:left;\">of principal to be repaid (so-called \u201cSolely Payments of </span><span style=\"display:inherit;clear:left;\">Principal and Interest\u201d or SPPI).  </span><span style=\"display:inherit;clear:left;\">Debt securities represented by trade and financial </span><span style=\"display:inherit;clear:left;\">receivables are held for the purpose of collecting their </span><span style=\"display:inherit;clear:left;\">contractual cash flows (so-called \u201cHold T<span class=\"_ _1\"></span>o Collect Business<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">Model\u201d). Therefore, if<span class=\"_ _c\"></span>, on the basis of the type of instrument </span><span style=\"display:inherit;clear:left;\">and contractual characteristics, these financial assets </span><span style=\"display:inherit;clear:left;\">generate contractual cash flows representing only principal </span><span style=\"display:inherit;clear:left;\">and interest payments, they are subsequently measured at </span><span style=\"display:inherit;clear:left;\">amortised cost. Instead, financial assets whose cash flows do </span><span style=\"display:inherit;clear:left;\">not meet SPPI requirements are classified and measured at </span><span style=\"display:inherit;clear:left;\">fair value through profit or loss (so-called FV<span class=\"_ _0\"></span>TPL). </span><span style=\"display:inherit;clear:left;\">8 <span class=\"_ _80\"> </span>Or the risk, the timing or the amount of the future cash flows of the </span><span style=\"display:inherit;clear:left;\">entity are not intended to change following these transactions (IFRS </span><span style=\"display:inherit;clear:left;\">15.9d)</span><span style=\"display:inherit;clear:left;\">In contrast, receivables from invoice rebates to customers </span><span style=\"display:inherit;clear:left;\">in the energy efficiency business (so-called \"Ecobonus\" </span><span style=\"display:inherit;clear:left;\">and \"Superbonus\" credits<span class=\"_ _c\"></span>) - and which are converted into </span><span style=\"display:inherit;clear:left;\">tax credits - if held with the objective of realizing cash </span><span style=\"display:inherit;clear:left;\">flows through sale (so-called \"Other\" Business Model) are </span><span style=\"display:inherit;clear:left;\">measured at fair value with the effects recognised in profit </span><span style=\"display:inherit;clear:left;\">or loss (so-called FV<span class=\"_ _0\"></span>TPL).</span><span style=\"display:inherit;clear:left;\">The rationale behind the determination of fair value is </span><span style=\"display:inherit;clear:left;\">explained in Note 5.8 \"Significant accounting policies\" - \"F<span class=\"_ _1\"></span>air </span><span style=\"display:inherit;clear:left;\">value measurement,\" respectively.</span><span style=\"display:inherit;clear:left;\">According to the amortised cost method the initial </span><span style=\"display:inherit;clear:left;\">book value is then adjusted to account for repayments </span><span style=\"display:inherit;clear:left;\">of principal, any impairments for credit losses and the </span><span style=\"display:inherit;clear:left;\">amortisation of the difference between the repayment </span><span style=\"display:inherit;clear:left;\">amount and the initial book value.</span><span style=\"display:inherit;clear:left;\">Amortisation is carried out using the effective internal </span><span style=\"display:inherit;clear:left;\">interest rate, which represents the rate that would make </span><span style=\"display:inherit;clear:left;\">the present value of projected cash flows and the initial </span><span style=\"display:inherit;clear:left;\">recognition value equal at the time of the initial recording.</span><span style=\"display:inherit;clear:left;\">Financial assets measured at amortised cost are presented </span><span style=\"display:inherit;clear:left;\">in the statement of financial position net of the related </span><span style=\"display:inherit;clear:left;\">provision for impairment.</span><span style=\"display:inherit;clear:left;\">In order to measure expected losses (so-called \u201cExpected </span><span style=\"display:inherit;clear:left;\">Credit Losses\u201d or \u201cECL<span class=\"_ _11\"></span>\u201d), trade receivables are measured </span><span style=\"display:inherit;clear:left;\">using the so-called \"simplified approach\" provided for by </span><span style=\"display:inherit;clear:left;\">IFRS 9, or - due to the absence of a significant financial </span><span style=\"display:inherit;clear:left;\">component - by estimating expected losses over the life of </span><span style=\"display:inherit;clear:left;\">the receivable (so-called 'ECL lifetime<span class=\"_ _c\"></span>'). </span><span style=\"display:inherit;clear:left;\">The assessment of the recoverability of trade receivables is </span><span style=\"display:inherit;clear:left;\">made on both an individual and collective basis depending </span><span style=\"display:inherit;clear:left;\">on the type of asset and counterparty and also whether </span><span style=\"display:inherit;clear:left;\">there is reasonable and demonstrable information available </span><span style=\"display:inherit;clear:left;\">to make an assessment at the individual instrument level.</span><span style=\"display:inherit;clear:left;\">In particular<span class=\"_ _1\"></span>, for trade receivables arising from regulated </span><span style=\"display:inherit;clear:left;\">activities - which represent the main part of trade </span><span style=\"display:inherit;clear:left;\">receivables - the measurement of expected losses enhances </span><span style=\"display:inherit;clear:left;\">the hedging and guarantee mechanisms established by the </span><span style=\"display:inherit;clear:left;\">Authority, the Codes, and existing contractual agreements </span><span style=\"display:inherit;clear:left;\">that are capable of significantly reducing the risks arising </span><span style=\"display:inherit;clear:left;\">from possible customer default. For more details, see Note </span><span style=\"display:inherit;clear:left;\">27.3 'Financial Risk Management' - 'Credit Risk'.</span><span style=\"display:inherit;clear:left;\">For trade receivables related to unregulated activities, the </span><span style=\"display:inherit;clear:left;\">group applies a specific definition of default, determined </span><span style=\"display:inherit;clear:left;\">by taking into account the characteristics of the operating </span><span style=\"display:inherit;clear:left;\">segments to which the subsidiaries belong as well as </span><span style=\"display:inherit;clear:left;\">the riskiness of the receivables and customers being </span><span style=\"display:inherit;clear:left;\">assessed. Therefore, beyond the time limit of default, </span><span style=\"display:inherit;clear:left;\">trade receivables are assumed to be impaired (i.e. credit<span class=\"_ _c\"></span>-</span><span style=\"display:inherit;clear:left;\">impaired).</span><span style=\"display:inherit;clear:left;\">In particular<span class=\"_ _1\"></span>, expected losses are generally determined on </span><span style=\"display:inherit;clear:left;\">the basis of the product between: </span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span>the amount of exposure to the counterparty at the time </span><span style=\"display:inherit;clear:left;\">of default (so-called 'Exposure At Default' or \u2018EAD\u2019);</span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>the probability that the counterparty will default on its </span><span style=\"display:inherit;clear:left;\">payment obligations (so-called \u2018Probability of Default\u2019 </span><span style=\"display:inherit;clear:left;\">or \u2018PD\u2019); </span><span style=\"display:inherit;clear:left;\">(iii) the estimate, in percentage terms, of the amount of </span><span style=\"display:inherit;clear:left;\">credit that will not be recovered in the event of default </span><span style=\"display:inherit;clear:left;\">(so-called \u2018Loss Given Default\u2019 or \u2018L<span class=\"_ _c\"></span>GD\u2019).</span><span style=\"display:inherit;clear:left;\">With regard to the ECL parameters listed above, the group </span><span style=\"display:inherit;clear:left;\">considers the following assumptions:</span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span>PD is determined according to the type of counterparty </span><span style=\"display:inherit;clear:left;\">on the basis of:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>qualified external providers (e.g. for listed </span><span style=\"display:inherit;clear:left;\">companies);</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>regional ratings (e.g. for public administration) by </span><span style=\"display:inherit;clear:left;\">leading rating agencies;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>average default rate calculated for groups of </span><span style=\"display:inherit;clear:left;\">customers broken down by common credit risk </span><span style=\"display:inherit;clear:left;\">(so-called 'cluster') considering historical data over a </span><span style=\"display:inherit;clear:left;\">period of at least 24 months; </span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>(ii) <span class=\"_ _3c\"> </span>the L<span class=\"_ _c\"></span>GD is obtained on the basis of market </span><span style=\"display:inherit;clear:left;\">standards that assess the recovery rate of the exposure </span><span style=\"display:inherit;clear:left;\">depending on the region and sector of the counterparty </span><span style=\"display:inherit;clear:left;\">(e.g. corporate, government and retail);</span><span style=\"display:inherit;clear:left;\">(iii) the E<span class=\"_ _0\"></span>AD is determined to be equal to the face value </span><span style=\"display:inherit;clear:left;\">of the claim at the valuation date, less any related </span><span style=\"display:inherit;clear:left;\">mitigating factor<span class=\"_ _1\"></span>, including any amounts pledged as </span><span style=\"display:inherit;clear:left;\">collateral.</span><span style=\"display:inherit;clear:left;\">In the case of credit exposures in litigation and where </span><span style=\"display:inherit;clear:left;\">detailed information is available on the recoverability of the </span><span style=\"display:inherit;clear:left;\">exposure, analytical assessments are performed in order </span><span style=\"display:inherit;clear:left;\">to better reflect the actual riskiness of the position in the </span><span style=\"display:inherit;clear:left;\">determination of expected losses. The exposures for which </span><span style=\"display:inherit;clear:left;\">credit recovery actions have been activated through legal/ </span><span style=\"display:inherit;clear:left;\">court proceedings are defined as litigation.</span><span style=\"display:inherit;clear:left;\">Impairment of trade receivable and other receivables is </span><span style=\"display:inherit;clear:left;\">recognised in the income statement, net of any write-backs, </span><span style=\"display:inherit;clear:left;\">under the item \u201cOther operating expenses\u201d.</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>ransferred financial assets are derecognised from the </span><span style=\"display:inherit;clear:left;\">balance sheet assets when the contractual rights to obtain </span><span style=\"display:inherit;clear:left;\">the cash flows associated with the financial instrument </span><span style=\"display:inherit;clear:left;\">expire, or all risks and rewards associated with the </span><span style=\"display:inherit;clear:left;\">transferred receivable are transferred to a third party in </span><span style=\"display:inherit;clear:left;\">accordance with the guidance on derecognition of financial </span><span style=\"display:inherit;clear:left;\">assets set forth in IFRS 9.</span><span style=\"display:inherit;clear:left;\">Non-derivative financial assets - <span class=\"ls1\"> </span></span><span style=\"display:inherit;clear:left;\">minority investments</span><span style=\"display:inherit;clear:left;\">Financial assets representing minority investments, as </span><span style=\"display:inherit;clear:left;\">they are not held for trading purposes, are measured </span><span style=\"display:inherit;clear:left;\">at fair value alternatively with recognition of the </span><span style=\"display:inherit;clear:left;\">effects: (i) in the income statement (so-called fair value </span><span style=\"display:inherit;clear:left;\">measurement recognized in the income statement or </span><span style=\"display:inherit;clear:left;\">FV<span class=\"_ _0\"></span>TPL) or in the equity reser<span class=\"_ _0\"></span>ve that holds the other </span><span style=\"display:inherit;clear:left;\">components of comprehensive income, without provision </span><span style=\"display:inherit;clear:left;\">for their reclassification to the income statement in the </span><span style=\"display:inherit;clear:left;\">event of realization (so-called fair value measurement </span><span style=\"display:inherit;clear:left;\">recognized in the statement of comprehensive income or </span><span style=\"display:inherit;clear:left;\">FV<span class=\"_ _0\"></span>TOCI).</span><span style=\"display:inherit;clear:left;\">This classification can be made on a security-by-security </span><span style=\"display:inherit;clear:left;\">basis, only upon initial recognition, and is irrevocable.</span><span style=\"display:inherit;clear:left;\">Dividends, from profits or profit reserves, from these </span><span style=\"display:inherit;clear:left;\">equity investments are recognised in the income </span><span style=\"display:inherit;clear:left;\">statement under 'Income (expenses) from equity </span><span style=\"display:inherit;clear:left;\">investments'. Valuation at cost of a minority investment<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">is permitted in the limited cases where cost represents an </span><span style=\"display:inherit;clear:left;\">adequate estimate of fair value.</span><span style=\"display:inherit;clear:left;\">Financial liabilities</span><span style=\"display:inherit;clear:left;\">Financial liabilities, unlike derivative instruments, including </span><span style=\"display:inherit;clear:left;\">financial payables, trade payables and other payables, are </span><span style=\"display:inherit;clear:left;\">initially recorded at fair value less any transaction-related </span><span style=\"display:inherit;clear:left;\">costs; they are subsequently recognised at amortised cost </span><span style=\"display:inherit;clear:left;\">using the effective interest rate for discounting purposes, </span><span style=\"display:inherit;clear:left;\">as demonstrated in the previous point \"Non-derivative </span><span style=\"display:inherit;clear:left;\">financial assets - debt securities\u201d.</span><span style=\"display:inherit;clear:left;\">Financial liabilities are derecognized upon extinguishment </span><span style=\"display:inherit;clear:left;\">or upon fulfilment, cancellation or maturity of the </span><span style=\"display:inherit;clear:left;\">contractual obligation.</span><span style=\"display:inherit;clear:left;\">Offsetting of financial assets and liabilities</span><span style=\"display:inherit;clear:left;\">Financial assets and liabilities are offset in the statement </span><span style=\"display:inherit;clear:left;\">of financial position when there is a currently legally </span><span style=\"display:inherit;clear:left;\">enforceable right to set<span class=\"_ _c\"></span>-off and the intention either to </span><span style=\"display:inherit;clear:left;\">settle the relationship on a net basis (i.e. to realise the </span><span style=\"display:inherit;clear:left;\">asset and settle the liability simultaneously).</span><span style=\"display:inherit;clear:left;\">Financial derivatives and hedge accounting</span><span style=\"display:inherit;clear:left;\">Financial derivatives, including embedded derivatives, </span><span style=\"display:inherit;clear:left;\">are assets and liabilities recognised at fair value. Under </span><span style=\"display:inherit;clear:left;\">the scope of the strategy and objectives defined for </span><span style=\"display:inherit;clear:left;\">risk management, the qualification of transactions as </span><span style=\"display:inherit;clear:left;\">hedging requires: (i) the verification of the existence of </span><span style=\"display:inherit;clear:left;\">an economic relationship between the object hedged and </span><span style=\"display:inherit;clear:left;\">the hedging instrument for the purpose of offsetting the </span><span style=\"display:inherit;clear:left;\">changes in value and ensuring this offsetting capacity is </span><span style=\"display:inherit;clear:left;\">not invalidated by the level of counterparty credit risk; </span><span style=\"display:inherit;clear:left;\">(ii) the definition of a hedge ratio consistent with the </span><span style=\"display:inherit;clear:left;\">risk management objectives, under the scope of the risk </span><span style=\"display:inherit;clear:left;\">management strategy defined, where necessary activating </span><span style=\"display:inherit;clear:left;\">the appropriate rebalancing actions. The amendments </span><span style=\"display:inherit;clear:left;\">of the risk management objectives, the disappearance of </span><span style=\"display:inherit;clear:left;\">the conditions indicated previously for the qualification of </span><span style=\"display:inherit;clear:left;\">transactions as hedging or the activation of rebalancing </span><span style=\"display:inherit;clear:left;\">operations cause the total or partial prospective </span><span style=\"display:inherit;clear:left;\">discontinuation of the hedge.</span><span style=\"display:inherit;clear:left;\">In order to qualify a transaction as a hedge, at the start of </span><span style=\"display:inherit;clear:left;\">the hedge a formal document is prepared that illustrates </span><span style=\"display:inherit;clear:left;\">the strategies and objectives of the risk management and </span><span style=\"display:inherit;clear:left;\">identifies the hedging instrument, the instrument hedged, </span><span style=\"display:inherit;clear:left;\">the nature of the risk hedged and the methods through </span><span style=\"display:inherit;clear:left;\">which the evaluation of whether the hedge relationship </span><span style=\"display:inherit;clear:left;\">satisfies the hedge effectiveness requirements takes </span><span style=\"display:inherit;clear:left;\">place.</span><span style=\"display:inherit;clear:left;\">When hedging derivatives hedge the risk of changes in the </span><span style=\"display:inherit;clear:left;\">fair value of the hedged instruments (\u201cfair value hedge\u201d; </span><span style=\"display:inherit;clear:left;\">e.g. hedge of the risk of fluctuations in the fair value of </span><span style=\"display:inherit;clear:left;\">fixed-rate assets/liabilities), the derivatives are recognised<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">at fair value with attribution of the effects on the income </span><span style=\"display:inherit;clear:left;\">statement; by the same token, the hedged instruments </span><span style=\"display:inherit;clear:left;\">are adjusted to reflect in the income statement the </span><span style=\"display:inherit;clear:left;\">changes in fair value associated with the hedged risk, </span><span style=\"display:inherit;clear:left;\">regardless of the provision of a different valuation </span><span style=\"display:inherit;clear:left;\">criterion generally applicable to the instrument type.</span><span style=\"display:inherit;clear:left;\">The group subscribes to derivative instruments to cover </span><span style=\"display:inherit;clear:left;\">the risk of changes in cash flows (cash flow hedges) as </span><span style=\"display:inherit;clear:left;\">a result of fluctuations in interest rate or commodities </span><span style=\"display:inherit;clear:left;\">prices (hedge on commodity). Changes in the fair value </span><span style=\"display:inherit;clear:left;\">of hedging derivatives considered effective are initially </span><span style=\"display:inherit;clear:left;\">recognised in the shareholders\u2019 equity reserve relating </span><span style=\"display:inherit;clear:left;\">to other components in the comprehensive income </span><span style=\"display:inherit;clear:left;\">statement and are subsequently reclassified to profit </span><span style=\"display:inherit;clear:left;\">or loss in line with the economic effects produced by </span><span style=\"display:inherit;clear:left;\">the hedged transaction. In the case of hedging future </span><span style=\"display:inherit;clear:left;\">transactions that involve the recording of a non-financial </span><span style=\"display:inherit;clear:left;\">asset or liability, the cumulative variations of the fair value </span><span style=\"display:inherit;clear:left;\">of the hedge derivatives, recognised in shareholders\u2019 </span><span style=\"display:inherit;clear:left;\">equity, are recognised in the adjustment of the book </span><span style=\"display:inherit;clear:left;\">value of the non-financial asset/liability subject to hedging </span><span style=\"display:inherit;clear:left;\">(basis adjustment).</span><span style=\"display:inherit;clear:left;\">The ineffective portion of the hedge and the changes </span><span style=\"display:inherit;clear:left;\">in the fair value of derivatives that do not meet the </span><span style=\"display:inherit;clear:left;\">qualifying conditions for hedging are recognised in the </span><span style=\"display:inherit;clear:left;\">income statement.</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>reasury shares</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>reasur<span class=\"_ _0\"></span>y shares, including those held to service </span><span style=\"display:inherit;clear:left;\">share-based payment plans (share incentive plans), </span><span style=\"display:inherit;clear:left;\">are measured at cost and entered as a reduction of </span><span style=\"display:inherit;clear:left;\">shareholders\u2019 equity. The economic effects arising from </span><span style=\"display:inherit;clear:left;\">any subsequent sales are recognised in shareholders\u2019 </span><span style=\"display:inherit;clear:left;\">equity.</span><span style=\"display:inherit;clear:left;\">Distribution of dividends</span><span style=\"display:inherit;clear:left;\">The distribution of dividends to the Company\u2019s </span><span style=\"display:inherit;clear:left;\">shareholders entails the recording of a payable in the </span><span style=\"display:inherit;clear:left;\">financial statements for the period in which distribution </span><span style=\"display:inherit;clear:left;\">was approved by the Company\u2019s shareholders or<span class=\"_ _c\"></span>, in the </span><span style=\"display:inherit;clear:left;\">case of interim dividends, by the Board of Directors.</span><span style=\"display:inherit;clear:left;\">5.8 <span class=\"_ _3c\"> </span>Fair value measurement</span><span style=\"display:inherit;clear:left;\">The fair value is the amount that may be received for the </span><span style=\"display:inherit;clear:left;\">sale of an asset or that may be paid for the transfer of a </span><span style=\"display:inherit;clear:left;\">liability in a regular transaction between market operators </span><span style=\"display:inherit;clear:left;\">as at the valuation date (i.e. exit price).</span><span style=\"display:inherit;clear:left;\">The fair value of an asset or liability is determined by </span><span style=\"display:inherit;clear:left;\">adopting the valuations that market operators would </span><span style=\"display:inherit;clear:left;\">use to determine the price of the asset or liability. A fair </span><span style=\"display:inherit;clear:left;\">value measurement also assumes that the asset or liability </span><span style=\"display:inherit;clear:left;\">would be traded on the main market or<span class=\"_ _1\"></span>, failing that, on </span><span style=\"display:inherit;clear:left;\">the most advantageous market to which the Company has<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">access.</span><span style=\"display:inherit;clear:left;\">The fair value of a non-financial asset is determined by </span><span style=\"display:inherit;clear:left;\">considering the capacity of market operators to generate </span><span style=\"display:inherit;clear:left;\">economic benefits by putting the asset to its maximum </span><span style=\"display:inherit;clear:left;\">and best use or by selling it to another market participant </span><span style=\"display:inherit;clear:left;\">capable of using it in such a way as to maximise its value. </span><span style=\"display:inherit;clear:left;\">The maximum and best use of an asset is determined from </span><span style=\"display:inherit;clear:left;\">the perspective of market operators, also hypothesising<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">that the company intends to put it to a different use; the </span><span style=\"display:inherit;clear:left;\">current use by the company of a non-financial asset is </span><span style=\"display:inherit;clear:left;\">assumed to be the maximum and best use of this asset, </span><span style=\"display:inherit;clear:left;\">unless the market or other factors suggest that a different </span><span style=\"display:inherit;clear:left;\">use by market operators would maximise its value.</span><span style=\"display:inherit;clear:left;\">The fair-value measurement of a financial or nonfinancial<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">liability, or of an equity instrument, takes into account </span><span style=\"display:inherit;clear:left;\">the quoted price for the transfer of an identical or similar </span><span style=\"display:inherit;clear:left;\">liability or equity instrument; if this quoted price is not </span><span style=\"display:inherit;clear:left;\">available, the valuation of a corresponding asset held by </span><span style=\"display:inherit;clear:left;\">a market operator as at the valuation date is tak<span class=\"_ _c\"></span>en into </span><span style=\"display:inherit;clear:left;\">account. The fair value of financial instruments considers </span><span style=\"display:inherit;clear:left;\">the credit risk of the counterparty for financial assets </span><span style=\"display:inherit;clear:left;\">(through a \u201cCredit Valuation Adjustment\u201d - CV<span class=\"_ _1\"></span>A) and the </span><span style=\"display:inherit;clear:left;\">entity\u2019s own risk of default for financial liabilities (through </span><span style=\"display:inherit;clear:left;\">a \u201cDebit Valuation Adjustment\u201d - DV<span class=\"_ _1\"></span>A).</span><span style=\"display:inherit;clear:left;\">When determining fair value, a hierarchy is set out </span><span style=\"display:inherit;clear:left;\">consisting of criteria based on the origin, type and </span><span style=\"display:inherit;clear:left;\">quality of the information used in the calculation. This </span><span style=\"display:inherit;clear:left;\">classification aims to establish a hierarchy in terms of the </span><span style=\"display:inherit;clear:left;\">reliability of the fair value, giving precedence to the use </span><span style=\"display:inherit;clear:left;\">of parameters that can be observed on the market and </span><span style=\"display:inherit;clear:left;\">that reflect the assumptions that market participants </span><span style=\"display:inherit;clear:left;\">would use when valuing the asset/liability. The fair value </span><span style=\"display:inherit;clear:left;\">hierarchy includes the following levels:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">level 1: listed prices (unadjusted) in active markets for </span></span><span style=\"display:inherit;clear:left;\">identical assets or liabilities that the reporting entity has </span><span style=\"display:inherit;clear:left;\">the ability to access at the measurement date;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">level 2: inputs, other than the quoted prices included in </span></span><span style=\"display:inherit;clear:left;\">Level 1, that can be directly or indirectly observed for </span><span style=\"display:inherit;clear:left;\">the assets or liabilities to be valued;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">level 3: inputs for assets or liabilities that are not based </span></span><span style=\"display:inherit;clear:left;\">on observable market data.</span><span style=\"display:inherit;clear:left;\">In the absence of available market quotations, the </span><span style=\"display:inherit;clear:left;\">fair value is determined by using valuation techniques </span><span style=\"display:inherit;clear:left;\">suitable for each individual case that maximise the use of </span><span style=\"display:inherit;clear:left;\">significant observable inputs, whilst minimising the use of </span><span style=\"display:inherit;clear:left;\">non-observable inputs.</span><span style=\"display:inherit;clear:left;\">5.9 <span class=\"_ _3c\"> </span>Provision for risks and charges, </span><span style=\"display:inherit;clear:left;\">contingent liabilities and contingent </span><span style=\"display:inherit;clear:left;\">assets</span><span style=\"display:inherit;clear:left;\">Provisions for risks and charges concern costs and charges </span><span style=\"display:inherit;clear:left;\">of a certain nature which are certain or likely to be </span><span style=\"display:inherit;clear:left;\">incurred, but for which the amount or date of occurrence </span><span style=\"display:inherit;clear:left;\">cannot be determined at the end of the year<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">The provisions are recognised when: (i) the existence of </span><span style=\"display:inherit;clear:left;\">a current legal or implied obligation arising from a past </span><span style=\"display:inherit;clear:left;\">event is probable; (ii) it is probable that the fulfilment </span><span style=\"display:inherit;clear:left;\">of the obligation will involve a cost; (iii) the amount of </span><span style=\"display:inherit;clear:left;\">the obligation can be reliably determined. Provisions are </span><span style=\"display:inherit;clear:left;\">recognised at the value representing the best estimate </span><span style=\"display:inherit;clear:left;\">of the amount that the organisation would rationally pay </span><span style=\"display:inherit;clear:left;\">to settle the obligation or to transfer it to a third party </span><span style=\"display:inherit;clear:left;\">at the end of the reporting period; provisions relating to </span><span style=\"display:inherit;clear:left;\">onerous contracts are recognised at the lower of the cost </span><span style=\"display:inherit;clear:left;\">of fulfilling the obligation, net of the expected economic </span><span style=\"display:inherit;clear:left;\">benefits arising from the contract, and the cost of </span><span style=\"display:inherit;clear:left;\">terminating the contract.</span><span style=\"display:inherit;clear:left;\">When the financial impact of time is significant, and </span><span style=\"display:inherit;clear:left;\">the payment dates of the obligations can be reliably </span><span style=\"display:inherit;clear:left;\">estimated, the provision is calculated by discounting </span><span style=\"display:inherit;clear:left;\">the anticipated cash flows in consideration of the risks </span><span style=\"display:inherit;clear:left;\">associated with the obligation at the Company\u2019s average </span><span style=\"display:inherit;clear:left;\">debt rate; the increase in the provision due to the </span><span style=\"display:inherit;clear:left;\">passing of time is posted to the income statement under </span><span style=\"display:inherit;clear:left;\">\u201cFinancial income (expense)\u201d.</span><span style=\"display:inherit;clear:left;\">When the liability is related to items of property, plant and </span><span style=\"display:inherit;clear:left;\">equipment (e.g. decommissioning and site restoration), </span><span style=\"display:inherit;clear:left;\">the provision is recognised as a contra-entry to the related </span><span style=\"display:inherit;clear:left;\">asset, and charged to the income statement through </span><span style=\"display:inherit;clear:left;\">depreciation. </span><span style=\"display:inherit;clear:left;\">The costs that the company expects to incur to initiate </span><span style=\"display:inherit;clear:left;\">restructuring programmes are recognised in the period in </span><span style=\"display:inherit;clear:left;\">which the programme is formally defined, and the parties </span><span style=\"display:inherit;clear:left;\">concerned have a valid expectation that the restructuring </span><span style=\"display:inherit;clear:left;\">will take place.</span><span style=\"display:inherit;clear:left;\">Provisions are periodically updated to reflect changes in </span><span style=\"display:inherit;clear:left;\">cost estimates, realisation times and the discount rate; </span><span style=\"display:inherit;clear:left;\">revisions in provision estimates are allocated to the same </span><span style=\"display:inherit;clear:left;\">item of the income statement where the provision was </span><span style=\"display:inherit;clear:left;\">previously reported or<span class=\"_ _1\"></span>, when the liability is related to </span><span style=\"display:inherit;clear:left;\">property, plant and equipment (e.g. decommissioning and </span><span style=\"display:inherit;clear:left;\">site restoration), as a contra-entry to the related asset, </span><span style=\"display:inherit;clear:left;\">up to the book value; any surplus is posted to the income </span><span style=\"display:inherit;clear:left;\">statement.</span><span style=\"display:inherit;clear:left;\">The notes to the financial statements describe contingent </span><span style=\"display:inherit;clear:left;\">liabilities represented by: (i) possible (but not probable) </span><span style=\"display:inherit;clear:left;\">obligations resulting from past events, the existence </span><span style=\"display:inherit;clear:left;\">of which will be confirmed only if one or more future </span><span style=\"display:inherit;clear:left;\">uncertain events occur which are partially or fully outside </span><span style=\"display:inherit;clear:left;\">the Company\u2019s control; (ii) current obligations resulting </span><span style=\"display:inherit;clear:left;\">from past events, the amount of which cannot be reliably </span><span style=\"display:inherit;clear:left;\">estimated, or the fulfilment of which is not likely to </span><span style=\"display:inherit;clear:left;\">involve costs.</span><span style=\"display:inherit;clear:left;\">Contingent assets, or possible assets that result from </span><span style=\"display:inherit;clear:left;\">past events and whose existence will only be confirmed </span><span style=\"display:inherit;clear:left;\">when one or more uncertain future events, not totally </span><span style=\"display:inherit;clear:left;\">under the control of the business, occur or do not occur<span class=\"_ _1\"></span>, </span><span style=\"display:inherit;clear:left;\">are not recognised unless obtaining the related benefits </span><span style=\"display:inherit;clear:left;\">is virtually certain. If obtaining the benefits is probable, </span><span style=\"display:inherit;clear:left;\">the contingent assets are illustrated in the notes to the </span><span style=\"display:inherit;clear:left;\">financial statements.</span><span style=\"display:inherit;clear:left;\">5.10 <span class=\"_ _85\"> </span>Non-current assets held for sale and </span><span style=\"display:inherit;clear:left;\">discontinued operations</span><span style=\"display:inherit;clear:left;\">Non-current assets or disposal groups consisting of assets </span><span style=\"display:inherit;clear:left;\">and liabilities are classified as held for sale if their book </span><span style=\"display:inherit;clear:left;\">value will be recovered mainly by their sale rather than </span><span style=\"display:inherit;clear:left;\">through continued use. This condition is regarded as </span><span style=\"display:inherit;clear:left;\">fulfilled when the sale is highly probable and the asset </span><span style=\"display:inherit;clear:left;\">or discontinued operations are available for immediate </span><span style=\"display:inherit;clear:left;\">sale in their current condition. When there is a plan to sell </span><span style=\"display:inherit;clear:left;\">a subsidiary that results in the loss of control, all of the </span><span style=\"display:inherit;clear:left;\">assets and liabilities of that investee are classified as held </span><span style=\"display:inherit;clear:left;\">for sale, regardless of whether a non-controlling interest </span><span style=\"display:inherit;clear:left;\">is retained after the sale. V<span class=\"_ _c\"></span>erification of compliance with </span><span style=\"display:inherit;clear:left;\">the conditions for classifying an item as intended for sale </span><span style=\"display:inherit;clear:left;\">entails management making subjective assessments by </span><span style=\"display:inherit;clear:left;\">making reasonable and realistic assumptions based on </span><span style=\"display:inherit;clear:left;\">available information. </span><span style=\"display:inherit;clear:left;\">Immediately prior to classification as held for sale, the </span><span style=\"display:inherit;clear:left;\">assets and liabilities included in a disposal group are </span><span style=\"display:inherit;clear:left;\">measured in accordance with the accounting standards </span><span style=\"display:inherit;clear:left;\">applicable to them. Subsequently, non-current assets </span><span style=\"display:inherit;clear:left;\">held for sale are not amortised or depreciated and are </span><span style=\"display:inherit;clear:left;\">measured at the lower of book value and related fair </span><span style=\"display:inherit;clear:left;\">value, less any sales costs (see section 5.8 \u201c<span class=\"_ _1\"></span>Accounting </span><span style=\"display:inherit;clear:left;\">policies - F<span class=\"_ _c\"></span>air-value measurements\u201d above<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">The classification of investments accounted for using the </span><span style=\"display:inherit;clear:left;\">equity method as held for sale implies the suspension of </span><span style=\"display:inherit;clear:left;\">the application of this valuation criterion. Any negative </span><span style=\"display:inherit;clear:left;\">difference between the book value of the non-current </span><span style=\"display:inherit;clear:left;\">assets and their fair value less selling costs is posted to the </span><span style=\"display:inherit;clear:left;\">income statement as an impairment loss; any subsequent </span><span style=\"display:inherit;clear:left;\">recoveries in value are recognised up to the amount of the </span><span style=\"display:inherit;clear:left;\">previously recognised impairment losses, including those </span><span style=\"display:inherit;clear:left;\">recognised prior to the asset being classified as held for </span><span style=\"display:inherit;clear:left;\">sale.</span><span style=\"display:inherit;clear:left;\">Non-current assets and disposal group-related assets and </span><span style=\"display:inherit;clear:left;\">liabilities held for sale are recognised in the statement of </span><span style=\"display:inherit;clear:left;\">financial position separately from the group\u2019s other assets </span><span style=\"display:inherit;clear:left;\">and liabilities.</span><span style=\"display:inherit;clear:left;\">Non-current assets and disposal groups, classified as </span><span style=\"display:inherit;clear:left;\">held for sale, constitute a discontinued operation if<span class=\"_ _c\"></span>, </span><span style=\"display:inherit;clear:left;\">alternatively: </span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _85\"> </span>they represent a significant autonomous business unit </span><span style=\"display:inherit;clear:left;\">or a significant geographical area of operations; </span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_ _24d\"> </span>they are part of a plan to dispose of a significant </span><span style=\"display:inherit;clear:left;\">autonomous business unit or a significant geographical </span><span style=\"display:inherit;clear:left;\">area of operations; or </span><span style=\"display:inherit;clear:left;\">(iii) <span class=\"_ _1\"></span>they relate to a subsidiar<span class=\"_ _0\"></span>y acquired exclusively to be </span><span style=\"display:inherit;clear:left;\">sold. </span><span style=\"display:inherit;clear:left;\">The economic results of discontinued operations, as well </span><span style=\"display:inherit;clear:left;\">as any capital gains/losses realised on the disposal, are </span><span style=\"display:inherit;clear:left;\">recorded separately in the Income Statement under a </span><span style=\"display:inherit;clear:left;\">special item, net of related tax effects, including for the </span><span style=\"display:inherit;clear:left;\">comparative periods.</span><span style=\"display:inherit;clear:left;\">When events occur that no longer permit non-current </span><span style=\"display:inherit;clear:left;\">assets or disposal groups to be classified as held for </span><span style=\"display:inherit;clear:left;\">sale, they are reclassified to the respective items in the </span><span style=\"display:inherit;clear:left;\">statement of financial position and recognised at the </span><span style=\"display:inherit;clear:left;\">lower of the following: the book value at the date of </span><span style=\"display:inherit;clear:left;\">classification as held for sale; and (ii) the r<span class=\"_ _0\"></span>eco<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e </span><span style=\"display:inherit;clear:left;\">amount at the reclassification date.</span><span style=\"display:inherit;clear:left;\">5.1<span class=\"_ _1\"></span>1 Revenues</span><span style=\"display:inherit;clear:left;\">The recognition of revenues from contracts with </span><span style=\"display:inherit;clear:left;\">customers is based on the following five steps: (i) </span><span style=\"display:inherit;clear:left;\">identification of the contract with the customer; </span><span style=\"display:inherit;clear:left;\">(ii) identification of the performance obligations, </span><span style=\"display:inherit;clear:left;\">represented by the contractual commitment to transfer </span><span style=\"display:inherit;clear:left;\">goods and/or services to a customer; (iii) calculation of </span><span style=\"display:inherit;clear:left;\">the transaction\u2019s price; (iv) allocation of the transaction<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">price to the performance obligations identified based </span><span style=\"display:inherit;clear:left;\">on the stand alone sales price of each of the goods </span><span style=\"display:inherit;clear:left;\">or services; (v) measurement of the revenue when </span><span style=\"display:inherit;clear:left;\">the performance obligation is met, i.e. at the time of </span><span style=\"display:inherit;clear:left;\">the transfer to the customer of the goods or services </span><span style=\"display:inherit;clear:left;\">promised; the transfer is considered to be completed </span><span style=\"display:inherit;clear:left;\">when the customer obtains control of the goods or </span><span style=\"display:inherit;clear:left;\">service, which can take place over time or at a point in </span><span style=\"display:inherit;clear:left;\">time.</span><span style=\"display:inherit;clear:left;\">Revenues are measured for the amount equal to the fair </span><span style=\"display:inherit;clear:left;\">value of the consideration which the business believes </span><span style=\"display:inherit;clear:left;\">it has the right to in exchange for the goods and/or<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">services promised to the customer, with the ex<span class=\"_ _c\"></span>ception </span><span style=\"display:inherit;clear:left;\">of amounts collected on behalf of third-parties. If there </span><span style=\"display:inherit;clear:left;\">is a variable consideration, the business estimates the </span><span style=\"display:inherit;clear:left;\">amount of the consideration it shall have the right to </span><span style=\"display:inherit;clear:left;\">in exchange for the transfer of goods and/or services </span><span style=\"display:inherit;clear:left;\">promised to the customer; in particular<span class=\"_ _1\"></span>, the amount of </span><span style=\"display:inherit;clear:left;\">the consideration may vary in the presence of discounts, </span><span style=\"display:inherit;clear:left;\">refunds, incentives, price concessions, performance </span><span style=\"display:inherit;clear:left;\">bonuses, penalties or if the price itself depends on the </span><span style=\"display:inherit;clear:left;\">occurrence or non-occurrence of certain future events.</span><span style=\"display:inherit;clear:left;\">Regulated revenues from the Snam Group's revenues<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">refer to services related to natural gas transportation, </span><span style=\"display:inherit;clear:left;\">dispatching and storage activities and liquefied natural </span><span style=\"display:inherit;clear:left;\">gas regasification, which are recognised in the financial </span><span style=\"display:inherit;clear:left;\">statements over the period in which the service is </span><span style=\"display:inherit;clear:left;\">rendered, and to \u2018unregulated\u2019 services. </span><span style=\"display:inherit;clear:left;\">The recognition of revenues for regulated services is </span><span style=\"display:inherit;clear:left;\">conditioned and influenced by the regulatory framework </span><span style=\"display:inherit;clear:left;\">defined by ARER<span class=\"_ _0\"></span>A, the energy regulator, therefore the<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">economic conditions of the services provided are defined </span><span style=\"display:inherit;clear:left;\">through regulatory schemes and not on a negotiation </span><span style=\"display:inherit;clear:left;\">basis. The revenues recognised in the income statement </span><span style=\"display:inherit;clear:left;\">coincide with those recognised by the regulator (so-</span><span style=\"display:inherit;clear:left;\">called 'revenue cap').<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">As regards the transportation business segment, the </span><span style=\"display:inherit;clear:left;\">difference between the revenue recognised by the </span><span style=\"display:inherit;clear:left;\">regulator (so- called \u201crevenue cap\u201d) and that actually<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">accrued is recorded, if positive, in the item of the </span><span style=\"display:inherit;clear:left;\">statement of financial position \u201cTrade payables and<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">other payables\u201d and, if negative, in the item \u201cTrade<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">and other receivables\u201d, as it will be subject to cash </span><span style=\"display:inherit;clear:left;\">settlement with the Energy and Environmental Services </span><span style=\"display:inherit;clear:left;\">Fund (<span class=\"_ _c\"></span>CSE<span class=\"_ _0\"></span>A). </span><span style=\"display:inherit;clear:left;\">In the Regasification and Storage segments any </span><span style=\"display:inherit;clear:left;\">difference between the revenue recognised by the </span><span style=\"display:inherit;clear:left;\">regulator and the accrued revenue is recognised in </span><span style=\"display:inherit;clear:left;\">the balance sheet item \u201cTrade and other receivables\u201d,<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">if positive, and in the item \u201cTrade payables and other<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">payables\u201d, if negative, inasmuch as it will be subject to </span><span style=\"display:inherit;clear:left;\">cash settlement with the Energy and Environmental </span><span style=\"display:inherit;clear:left;\">Services Fund (CSEA).</span><span style=\"display:inherit;clear:left;\">With specific reference to the principle of neutrality </span><span style=\"display:inherit;clear:left;\">defined by applicable regulations, transactions carried </span><span style=\"display:inherit;clear:left;\">out on the balancing market generate neither costs<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">nor revenue, as they are mere pass-through items. </span><span style=\"display:inherit;clear:left;\">Any (positive or negative) differences from the usage<span class=\"_ _1\"></span> </span><span style=\"display:inherit;clear:left;\">of different prices for the transactions above will be </span><span style=\"display:inherit;clear:left;\">neutralized by recognizing an asset or liability for CSEA<span class=\"_ _0\"></span>, </span><span style=\"display:inherit;clear:left;\">given that these differences are equalized by the latter<span class=\"_ _1\"></span>. </span><span style=\"display:inherit;clear:left;\">Unregulated revenues mainly concern: (i) fees for </span><span style=\"display:inherit;clear:left;\">the construction of biogas and biomethane plants; </span><span style=\"display:inherit;clear:left;\">(ii) technical-specialist services to non-consolidated </span><span style=\"display:inherit;clear:left;\">foreign companies; (iii) provision of services relating to </span><span style=\"display:inherit;clear:left;\">energy efficiency projects; (iv) the sale of automotive </span><span style=\"display:inherit;clear:left;\">compressors - CNG. The recognition of these revenues </span><span style=\"display:inherit;clear:left;\">occurs over the period of provision of the service.</span><span style=\"display:inherit;clear:left;\">With reference to the energy efficiency business, </span><span style=\"display:inherit;clear:left;\">the Renovit Group deals, in particular<span class=\"_ _1\"></span>, with the </span><span style=\"display:inherit;clear:left;\">redevelopment and recovery activities of residential </span><span style=\"display:inherit;clear:left;\">building stock (\"Deep Renovation\"), allowing customers<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">to access the tax deductions permitted by the relevant </span><span style=\"display:inherit;clear:left;\">legislation, such as the CD. Superbonus, as well as the so-</span><span style=\"display:inherit;clear:left;\">called minor bonuses (i.e. Sismabonus, Ecobonus, etc.). </span><span style=\"display:inherit;clear:left;\">Revenues are recognized over the contractual period<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">(over-time<span class=\"_ _c\"></span>), i.e. when control of the good and/or service </span><span style=\"display:inherit;clear:left;\">is transferred to the end customer<span class=\"_ _1\"></span>, for an amount equal </span><span style=\"display:inherit;clear:left;\">to the amount that the Group expects to receive for this </span><span style=\"display:inherit;clear:left;\">operation.</span><span style=\"display:inherit;clear:left;\">5.12 <span class=\"_ _85\"> </span>Employee benefits</span><span style=\"display:inherit;clear:left;\">Short-term employee benefits</span><span style=\"display:inherit;clear:left;\">Short<span class=\"_ _c\"></span>-term benefits for employee are recognised as a </span><span style=\"display:inherit;clear:left;\">cost at the time when the service is rendered. The Group </span><span style=\"display:inherit;clear:left;\">recognises a liability, classified under \u201cTrade payables and </span><span style=\"display:inherit;clear:left;\">other payables\u201d for the amount due to be paid when it </span><span style=\"display:inherit;clear:left;\">has a current legal or constructive obligation to make such </span><span style=\"display:inherit;clear:left;\">payments.</span><span style=\"display:inherit;clear:left;\">Post-employment benefits</span><span style=\"display:inherit;clear:left;\">Post<span class=\"_ _c\"></span>-employment benefits are defined according to </span><span style=\"display:inherit;clear:left;\">programmes, including non- formalised programmes, </span><span style=\"display:inherit;clear:left;\">which, depending on their characteristics, are classed as </span><span style=\"display:inherit;clear:left;\">\u201cdefined-benefit\u201d or \u201cdefined-contribution\u201d plans. </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ff74\"> Defined benefit plans</span></span><span style=\"display:inherit;clear:left;\">The liability associated with defined-benefit plans is </span><span style=\"display:inherit;clear:left;\">determined by estimating the present value of the future </span><span style=\"display:inherit;clear:left;\">benefits accrued by the employees during the current </span><span style=\"display:inherit;clear:left;\">year and in previous years, and by calculating the fair value </span><span style=\"display:inherit;clear:left;\">of any assets servicing the plan. The present value of the </span><span style=\"display:inherit;clear:left;\">obligations is determined based on actuarial assumptions </span><span style=\"display:inherit;clear:left;\">and is recognised on an accruals basis consistent with the </span><span style=\"display:inherit;clear:left;\">employment period necessary to obtain the benefits.</span><span style=\"display:inherit;clear:left;\">Actuarial gains and losses relating to defined-benefit </span><span style=\"display:inherit;clear:left;\">plans arising from changes in actuarial assumptions </span><span style=\"display:inherit;clear:left;\">or experience adjustments are recognised in the </span><span style=\"display:inherit;clear:left;\">comprehensive income statement in the period in which </span><span style=\"display:inherit;clear:left;\">they occurred,and are not subsequently recognised in the </span><span style=\"display:inherit;clear:left;\">income statement. When a plan is changed, reduced or </span><span style=\"display:inherit;clear:left;\">extinguished, the relative effects are recognised in the </span><span style=\"display:inherit;clear:left;\">income statement.</span><span style=\"display:inherit;clear:left;\">Net financial expense represents the change that the net </span><span style=\"display:inherit;clear:left;\">liability undergoes during the year due to the passing </span><span style=\"display:inherit;clear:left;\">of time. Net interest is determined by applying to the </span><span style=\"display:inherit;clear:left;\">liabilities, net of any plan assets, the discount rate used </span><span style=\"display:inherit;clear:left;\">for the discounting used for the liabilities. The net </span><span style=\"display:inherit;clear:left;\">financial expense of defined-benefit plans is recognised in </span><span style=\"display:inherit;clear:left;\">\u201cFinancial expense (income)\u201d.</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ff74\">Defined contribution plans</span></span><span style=\"display:inherit;clear:left;\">In defined-contribution plans, the Company\u2019s obligation is </span><span style=\"display:inherit;clear:left;\">calculated, limited to the payment of state contributions </span><span style=\"display:inherit;clear:left;\">or to equity or a legally separate entity (fund), based on </span><span style=\"display:inherit;clear:left;\">contributions due. </span><span style=\"display:inherit;clear:left;\">The costs associated with defined-benefit contributions are </span><span style=\"display:inherit;clear:left;\">recognised in the income statement as and when they are </span><span style=\"display:inherit;clear:left;\">incurred.</span><span style=\"display:inherit;clear:left;\">Other long-term benefits</span><span style=\"display:inherit;clear:left;\">Obligations relating to other long-term benefits are </span><span style=\"display:inherit;clear:left;\">calculated using actuarial assumptions; the effects arising </span><span style=\"display:inherit;clear:left;\">from the amendments to the actuarial assumptions or </span><span style=\"display:inherit;clear:left;\">from the adjustments made based on past experience are </span><span style=\"display:inherit;clear:left;\">recognised entirely in the income statement.</span><span style=\"display:inherit;clear:left;\">Benefits due for the termination of employment</span><span style=\"display:inherit;clear:left;\">Employee termination benefits are recognised as an </span><span style=\"display:inherit;clear:left;\">expense when the Group is committed without recourse </span><span style=\"display:inherit;clear:left;\">to offering such benefits or when the Group recognises </span><span style=\"display:inherit;clear:left;\">restructuring costs, whichever is earlier<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">Share-based payments (share-based incentive plan)</span><span style=\"display:inherit;clear:left;\">Employee benefits, consistent with the substantial nature </span><span style=\"display:inherit;clear:left;\">of remuneration, include the cost of share-based incentive </span><span style=\"display:inherit;clear:left;\">plans. The cost of the incentive is determined with </span><span style=\"display:inherit;clear:left;\">reference to the fair value of the instruments granted </span><span style=\"display:inherit;clear:left;\">and the forecast of the number of shares that will actually </span><span style=\"display:inherit;clear:left;\">be granted; the portion pertaining to the financial year is </span><span style=\"display:inherit;clear:left;\">determined pro rata temporis over the vesting period, i.e., </span><span style=\"display:inherit;clear:left;\">the period between the grant date and the assignment </span><span style=\"display:inherit;clear:left;\">date. The fair value of the shares underlying the incentive </span><span style=\"display:inherit;clear:left;\">plan is calculated at the grant date taking into account </span><span style=\"display:inherit;clear:left;\">the forecasts with regard to reaching the performance </span><span style=\"display:inherit;clear:left;\">parameters associated with market conditions and is not </span><span style=\"display:inherit;clear:left;\">adjusted in future financial years; when obtaining the </span><span style=\"display:inherit;clear:left;\">benefit is also connected to conditions other than market </span><span style=\"display:inherit;clear:left;\">conditions, the estimate relating to these conditions </span><span style=\"display:inherit;clear:left;\">is reflected by adjusting the number of shares during </span><span style=\"display:inherit;clear:left;\">the vesting period that are expected to effectively be </span><span style=\"display:inherit;clear:left;\">allocated.</span><span style=\"display:inherit;clear:left;\">5.13 <span class=\"_ _85\"> </span>Accounting for environmental </span><span style=\"display:inherit;clear:left;\">certificates - Emission trading systems</span><span style=\"display:inherit;clear:left;\">The European Emission T<span class=\"_ _c\"></span>rading System, established to </span><span style=\"display:inherit;clear:left;\">manage and trade emission allowances, sets an upper limit </span><span style=\"display:inherit;clear:left;\">for greenhouse gas emissions produced over the course of </span><span style=\"display:inherit;clear:left;\">a year<span class=\"_ _1\"></span>, for which a certain number of emission allowances </span><span style=\"display:inherit;clear:left;\">are issued free of charge by the competent national </span><span style=\"display:inherit;clear:left;\">authorities. In the course of the year<span class=\"_ _1\"></span>, depending on the </span><span style=\"display:inherit;clear:left;\">actual greenhouse gas emissions produced, each company </span><span style=\"display:inherit;clear:left;\">has the option to sell or the obligation to acquire emission </span><span style=\"display:inherit;clear:left;\">allowances on the market for a consideration.</span><span style=\"display:inherit;clear:left;\">Allowances purchased for a consideration to offset </span><span style=\"display:inherit;clear:left;\">emissions released into the atmosphere during the year are </span><span style=\"display:inherit;clear:left;\">recognised in the income statement; any quotas purchased </span><span style=\"display:inherit;clear:left;\">in excess of requirements are recognised under \"Other </span><span style=\"display:inherit;clear:left;\">current assets\", while any quotas allocated free of charge, </span><span style=\"display:inherit;clear:left;\">not used in the year of allocation, are not recognised in </span><span style=\"display:inherit;clear:left;\">the balance sheet as they are used for the following year's </span><span style=\"display:inherit;clear:left;\">requirements.</span><span style=\"display:inherit;clear:left;\">In the case of any deficit emission allowances for which </span><span style=\"display:inherit;clear:left;\">no market purchase has been made at the end of the </span><span style=\"display:inherit;clear:left;\">reporting period, the cost and the corresponding liability are </span><span style=\"display:inherit;clear:left;\">recognised at the end of the financial year at market value.</span><span style=\"display:inherit;clear:left;\">5.14 <span class=\"_ _85\"> </span>Foreign currency transactions</span><span style=\"display:inherit;clear:left;\">The criteria adopted by Snam to convert transactions in </span><span style=\"display:inherit;clear:left;\">currencies other than the functional currency (the Euro) are </span><span style=\"display:inherit;clear:left;\">summarised below:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>revenue and costs relating to transactions in currencies </span><span style=\"display:inherit;clear:left;\">other than the functional currency are recognised at the </span><span style=\"display:inherit;clear:left;\">exchange rate in effect on the day when the transaction </span><span style=\"display:inherit;clear:left;\">was carried out;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>monetar<span class=\"_ _0\"></span>y assets and liabilities in currencies other than </span><span style=\"display:inherit;clear:left;\">the functional currency are converted into Euro by </span><span style=\"display:inherit;clear:left;\">applying the exchange rate in effect on the reporting </span><span style=\"display:inherit;clear:left;\">date, allocating the effect to the income statement;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>non-monetar<span class=\"_ _0\"></span>y assets and liabilities in currencies other </span><span style=\"display:inherit;clear:left;\">than the functional currency which are measured at </span><span style=\"display:inherit;clear:left;\">cost are recognised at the initially recorded exchange </span><span style=\"display:inherit;clear:left;\">rate; when the measurement is made at fair value or </span><span style=\"display:inherit;clear:left;\">recoverable or realisable value, the exchange rate used is </span><span style=\"display:inherit;clear:left;\">that in effect on the measurement date.</span><span style=\"display:inherit;clear:left;\">5.15 <span class=\"_ _85\"> </span>Income taxes</span><span style=\"display:inherit;clear:left;\">Current income taxes are calculated on the basis of </span><span style=\"display:inherit;clear:left;\">estimated taxable income. T<span class=\"_ _c\"></span>ax payables and receivables for </span><span style=\"display:inherit;clear:left;\">current taxes are recognised at the value expected to be </span><span style=\"display:inherit;clear:left;\">paid/recovered to/ from the tax authorities by applying the </span><span style=\"display:inherit;clear:left;\">tax rates and regulations in force or substantially approved </span><span style=\"display:inherit;clear:left;\">at the end of the reporting period. As far as corporate </span><span style=\"display:inherit;clear:left;\">income tax (IRES) is concerned, Snam has opted for the </span><span style=\"display:inherit;clear:left;\">national tax consolidation scheme, which 28 subsidiaries </span><span style=\"display:inherit;clear:left;\">formally participate in. The expected liability is recognised </span><span style=\"display:inherit;clear:left;\">under 'Current tax liabilities<span class=\"_ _c\"></span>'.</span><span style=\"display:inherit;clear:left;\">The regulations governing Snam Group companies\u2019 </span><span style=\"display:inherit;clear:left;\">participation in the national tax consolidation scheme </span><span style=\"display:inherit;clear:left;\">require:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>subsidiaries with positive taxable income to pay the </span><span style=\"display:inherit;clear:left;\">amount due to Snam. The taxable income of the </span><span style=\"display:inherit;clear:left;\">subsidiary, used to determine the tax, is adjusted to </span><span style=\"display:inherit;clear:left;\">account for the recovery of negative components </span><span style=\"display:inherit;clear:left;\">that would have been non-deductible without the </span><span style=\"display:inherit;clear:left;\">consolidation scheme (e.g. interest expense), the so-</span><span style=\"display:inherit;clear:left;\">called ACE (aid for economic growth) effect and an<span class=\"_ _c\"></span>y </span><span style=\"display:inherit;clear:left;\">negative taxable income relating to the subsidiary<span class=\"_ _0\"></span>\u2019s </span><span style=\"display:inherit;clear:left;\">equity investments in consolidated companies;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>subsidiaries with negative taxable income, if and insofar </span><span style=\"display:inherit;clear:left;\">as they have prospective profitability which, without </span><span style=\"display:inherit;clear:left;\">the national tax consolidation scheme, would have </span><span style=\"display:inherit;clear:left;\">enabled them to recognise deferred tax assets related </span><span style=\"display:inherit;clear:left;\">to the negative taxable income on the separate financial </span><span style=\"display:inherit;clear:left;\">statements, receive from their shareholders \u2013 in the </span><span style=\"display:inherit;clear:left;\">event that these are companies with a positive taxable </span><span style=\"display:inherit;clear:left;\">income or a negative taxable income with prospective </span><span style=\"display:inherit;clear:left;\">profitability \u2013 or from Snam in other cases, compensation </span><span style=\"display:inherit;clear:left;\">amounting to the lower of the tax saving realised by the </span><span style=\"display:inherit;clear:left;\">Group and the aforementioned deferred tax assets.</span><span style=\"display:inherit;clear:left;\">Regional production tax (IRAP) is recognised under the item </span><span style=\"display:inherit;clear:left;\">\u201cCurrent tax liabilities\u201d - \u201c<span class=\"_ _c\"></span>Current tax assets\u201d.</span><span style=\"display:inherit;clear:left;\">Deferred taxes are calculated on the timing differences </span><span style=\"display:inherit;clear:left;\">between the values of the assets and liabilities entered </span><span style=\"display:inherit;clear:left;\">in the balance sheet and the corresponding values </span><span style=\"display:inherit;clear:left;\">recognized for tax purposes, based on the prevailing tax </span><span style=\"display:inherit;clear:left;\">regulations and rates applicable in financial years in which </span><span style=\"display:inherit;clear:left;\">the temporary difference will be cancelled, approved or </span><span style=\"display:inherit;clear:left;\">essentially approved at the end of the relevant reporting </span><span style=\"display:inherit;clear:left;\">period. Deferred tax assets are recognised when </span><span style=\"display:inherit;clear:left;\">their recovery is considered probable; specifically, the </span><span style=\"display:inherit;clear:left;\">recoverability of deferred tax assets is considered probable </span><span style=\"display:inherit;clear:left;\">when taxable income is expected to be available in the </span><span style=\"display:inherit;clear:left;\">period in which the temporary difference is cancelled, </span><span style=\"display:inherit;clear:left;\">allowing for the activation of the tax deduction. Similarly, </span><span style=\"display:inherit;clear:left;\">unused tax credits and deferred tax assets on tax losses </span><span style=\"display:inherit;clear:left;\">are recognised within the limits of their recoverability; with </span><span style=\"display:inherit;clear:left;\">reference to deferred tax assets, their recoverability is </span><span style=\"display:inherit;clear:left;\">verified at least annually.</span><span style=\"display:inherit;clear:left;\">If there are uncertainties over the application of tax </span><span style=\"display:inherit;clear:left;\">regulations: (i) in cases where it is deemed probable </span><span style=\"display:inherit;clear:left;\">that the tax authorities will accept the uncertain tax </span><span style=\"display:inherit;clear:left;\">treatment, the income taxes (current and/or deferred) </span><span style=\"display:inherit;clear:left;\">to be recognised in the financial statements according to </span><span style=\"display:inherit;clear:left;\">the tax treatment applied or which it is expected to apply </span><span style=\"display:inherit;clear:left;\">during the tax return are calculated; (ii) in cases where it is </span><span style=\"display:inherit;clear:left;\">not deemed probable that the tax authorities will accept </span><span style=\"display:inherit;clear:left;\">the uncertain tax treatment, this uncertainty is reflected in </span><span style=\"display:inherit;clear:left;\">calculating the (current and/or deferred) income taxes to </span><span style=\"display:inherit;clear:left;\">be recognised in the financial statements.</span><span style=\"display:inherit;clear:left;\">Deferred tax assets and deferred tax liabilities are classified </span><span style=\"display:inherit;clear:left;\">under non-current assets and liabilities and are offset at </span><span style=\"display:inherit;clear:left;\">individual company level if they refer to taxes which can be </span><span style=\"display:inherit;clear:left;\">offset and/or at the level of the consolidating company in </span><span style=\"display:inherit;clear:left;\">the presence of the taxation regime set out in the national </span><span style=\"display:inherit;clear:left;\">consolidation scheme. The balance of the offsetting, if it </span><span style=\"display:inherit;clear:left;\">results in an asset, is recognised under the item \u201cDeferred </span><span style=\"display:inherit;clear:left;\">tax assets\u201d; if it results in a liability, it is recognised under </span><span style=\"display:inherit;clear:left;\">the item \u201cDeferred tax liabilities\u201d. When the results of </span><span style=\"display:inherit;clear:left;\">transactions are recognised directly in equity, current and </span><span style=\"display:inherit;clear:left;\">deferred taxes are also posted to equity.</span><span style=\"display:inherit;clear:left;\">Global Minimum T<span class=\"_ _1\"></span>ax (Pillar II)</span><span style=\"display:inherit;clear:left;\">Council Directive (EU) 2022/2523 - on the basis of the </span><span style=\"display:inherit;clear:left;\">paper 'T<span class=\"_ _c\"></span>ax Challenges Arising from the Digitalisation </span><span style=\"display:inherit;clear:left;\">of the Economy- Global Anti-Base Erosion Model Rules </span><span style=\"display:inherit;clear:left;\">(Pillar T<span class=\"_ _1\"></span>wo)' issued by the OE<span class=\"_ _c\"></span>CD on 14 December 2021 </span><span style=\"display:inherit;clear:left;\">- introduced a minimum effective taxation regime for </span><span style=\"display:inherit;clear:left;\">domestic and multinational groups at the rate of 15% for </span><span style=\"display:inherit;clear:left;\">each jurisdiction in which they are located, providing for the </span><span style=\"display:inherit;clear:left;\">application of a top-up tax in cases where the effective tax </span><span style=\"display:inherit;clear:left;\">rate per country, with the adjustments provided for in the </span><span style=\"display:inherit;clear:left;\">application rules, is lower than the 15% minimum taxation. </span><span style=\"display:inherit;clear:left;\">This legislation was transposed into domestic law by Italian </span><span style=\"display:inherit;clear:left;\">Legislative Decree 209 of 27 December 2023 ('Pillar II' or </span><span style=\"display:inherit;clear:left;\">'global minimum tax') with effect from the 2024 tax year<span class=\"_ _1\"></span>. </span><span style=\"display:inherit;clear:left;\">In this regard, the Snam Group, in coordination with the </span><span style=\"display:inherit;clear:left;\">parent company CDP<span class=\"_ _1\"></span>, participated in a specific project in </span><span style=\"display:inherit;clear:left;\">2023, with the support of a leading advisor<span class=\"_ _1\"></span>, concerning the: </span><span style=\"display:inherit;clear:left;\">(i) mapping of entities relevant to Pillar II; (ii) collection of </span><span style=\"display:inherit;clear:left;\">information necessary for the purposes of determining the </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>ransitional Countr<span class=\"_ _0\"></span>y-by-Country safe harbour; (iii) collection </span><span style=\"display:inherit;clear:left;\">of information relevant to the calculation of Globe Income </span><span style=\"display:inherit;clear:left;\">and Adjusted Covered T<span class=\"_ _c\"></span>axes, necessary for the calculation </span><span style=\"display:inherit;clear:left;\">of the minimum tax rate of 15%; (iv) the preparation of the </span><span style=\"display:inherit;clear:left;\">Gap Analysis. This activity was carried out with reference to </span><span style=\"display:inherit;clear:left;\">the 2022 tax year<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">On 23 May 2023, the IASB published an amendment </span><span style=\"display:inherit;clear:left;\">entitled <span class=\"ff74\">\"<span class=\"_ _1\"></span>Amendments to IAS 12 Income tax<span class=\"_ _c\"></span>es: </span></span><span style=\"display:inherit;clear:left;\">International T<span class=\"_ _1\"></span>ax Reform \u2013 Pillar T<span class=\"_ _1\"></span>wo Model Rules\"<span class=\"ff7b\">. The </span></span><span style=\"display:inherit;clear:left;\">document, whose adoption process by the EU ended on </span><span style=\"display:inherit;clear:left;\">8 November 2023, introduces a temporary exception to </span><span style=\"display:inherit;clear:left;\">the recognition and disclosure requirements for deferred </span><span style=\"display:inherit;clear:left;\">tax assets and liabilities related to the Pillar T<span class=\"_ _1\"></span>wo Model </span><span style=\"display:inherit;clear:left;\">Rules and provides for specific disclosure requirements for </span><span style=\"display:inherit;clear:left;\">entities affected by the related International T<span class=\"_ _c\"></span>ax Reform. </span><span style=\"display:inherit;clear:left;\">The document provides, in particular<span class=\"_ _1\"></span>, for the immediate </span><span style=\"display:inherit;clear:left;\">application of the temporary exception, while the </span><span style=\"display:inherit;clear:left;\">disclosure requirements will only be applicable to annual </span><span style=\"display:inherit;clear:left;\">financial statements commencing on or after 1 January </span><span style=\"display:inherit;clear:left;\">2023.</span><span style=\"display:inherit;clear:left;\">As a result of the work done so far in connection with </span><span style=\"display:inherit;clear:left;\">the year 2022, based on currently available information, </span><span style=\"display:inherit;clear:left;\">an estimated supplementary tax is expected to be </span><span style=\"display:inherit;clear:left;\">insignificant.</span><span style=\"display:inherit;clear:left;\">5.16 <span class=\"_ _85\"> </span>Segment reporting (operating </span><span style=\"display:inherit;clear:left;\">segments)</span><span style=\"display:inherit;clear:left;\">Disclosure on business segments has been prepared </span><span style=\"display:inherit;clear:left;\">pursuant to IFRS 8 \u2013 \u201cOperating Segments\u201d: consequently, </span><span style=\"display:inherit;clear:left;\">the identification of the operating segments and the </span><span style=\"display:inherit;clear:left;\">information presented are defined on the basis of the </span><span style=\"display:inherit;clear:left;\">internal reporting used by the Company\u2019s management to </span><span style=\"display:inherit;clear:left;\">allocate resources to the different segments and to analyse </span><span style=\"display:inherit;clear:left;\">the respective performances.</span><span style=\"display:inherit;clear:left;\">An operating segment is defined by IFRS 8 as the </span><span style=\"display:inherit;clear:left;\">component of an entity: (i) that engages in business </span><span style=\"display:inherit;clear:left;\">activities from which it may earn revenue and incur </span><span style=\"display:inherit;clear:left;\">expenses (including revenue and expenses relating to </span><span style=\"display:inherit;clear:left;\">transactions with other components of the same entity); </span><span style=\"display:inherit;clear:left;\">(ii) that has operating results which are regularly reviewed </span><span style=\"display:inherit;clear:left;\">by the entity\u2019s most senior decision-makers for the purpose </span><span style=\"display:inherit;clear:left;\">of making decisions about resources to be allocated to </span><span style=\"display:inherit;clear:left;\">the segment and assessing its performance; (iii) for which </span><span style=\"display:inherit;clear:left;\">separate financial information is available.</span><span style=\"display:inherit;clear:left;\">With reference to the 2023 financial year<span class=\"_ _1\"></span>, the business </span><span style=\"display:inherit;clear:left;\">segments subject to reporting under IFRS 8 are: (i) </span><span style=\"display:inherit;clear:left;\">the T<span class=\"_ _c\"></span>ransportation segment, relating to natural gas </span><span style=\"display:inherit;clear:left;\">transportation activities; (ii) the Regasification segment, </span><span style=\"display:inherit;clear:left;\">relating to Liquefied Natural Gas regasification activities; </span><span style=\"display:inherit;clear:left;\">(iii) the Storage segment, relating to natural gas storage </span><span style=\"display:inherit;clear:left;\">activities; (iv) the Energy transition segment, relating </span><span style=\"display:inherit;clear:left;\">to energy efficiency, biogas/ biomethane business and </span><span style=\"display:inherit;clear:left;\">hydrogen start<span class=\"_ _c\"></span>-up projects. </span><span style=\"display:inherit;clear:left;\">Activities related to the unregulated mobility and </span><span style=\"display:inherit;clear:left;\">liquefaction business do not constitute a separately </span><span style=\"display:inherit;clear:left;\"><span><span style=\"display:inherit;clear:left;\">reported operating segment.</span></span> </span><span style=\"display:inherit;clear:left;\">6) <span class=\"_ _99\"> </span>ASSUMPTIONS AND <span class=\"_ _0\"></span>UNCERT<span class=\"_ _1\"></span>AINTIES </span><span style=\"display:inherit;clear:left;\">IN ESTIMA<span class=\"_ _11\"></span>TES  </span><span style=\"display:inherit;clear:left;\">The application of generally accepted accounting principles </span><span style=\"display:inherit;clear:left;\">for the preparation of financial statements involves </span><span style=\"display:inherit;clear:left;\">management making accounting estimates based on </span><span style=\"display:inherit;clear:left;\">complex and/or subjective judgements, estimates based on </span><span style=\"display:inherit;clear:left;\">past experience and assumptions regarded as reasonable </span><span style=\"display:inherit;clear:left;\">and realistic on the basis of the information known at the </span><span style=\"display:inherit;clear:left;\">time of the estimate. The use of these accounting estimates </span><span style=\"display:inherit;clear:left;\">affects the carrying value of assets and liabilities and the<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">disclosure of contingent assets and liabilities at the end of </span><span style=\"display:inherit;clear:left;\">the reporting period, as well as the amount of revenues </span><span style=\"display:inherit;clear:left;\">and costs in the reporting period. Actual results may differ </span><span style=\"display:inherit;clear:left;\">from those estimated due to the uncertainty surrounding </span><span style=\"display:inherit;clear:left;\">the assumptions and conditions on which the estimates are </span><span style=\"display:inherit;clear:left;\">based. Details are given below about the critical accounting </span><span style=\"display:inherit;clear:left;\">estimates involved in the process of preparing the financial </span><span style=\"display:inherit;clear:left;\">statements and interim reports, since they involve a high </span><span style=\"display:inherit;clear:left;\">degree of recourse to subjective judgements, assumptions </span><span style=\"display:inherit;clear:left;\">and estimates regarding matters that are by nature </span><span style=\"display:inherit;clear:left;\">uncertain. Changes in the conditions forming the basis of the </span><span style=\"display:inherit;clear:left;\">judgements, assumptions and estimates used could have a </span><span style=\"display:inherit;clear:left;\">significant impact on subsequent results.</span><span style=\"display:inherit;clear:left;\">6.1 <span class=\"_ _3c\"> </span>Impairment of non-financial assets</span><span style=\"display:inherit;clear:left;\">Non-financial assets are impaired when events or changes </span><span style=\"display:inherit;clear:left;\">in circumstances give cause to believe that the book </span><span style=\"display:inherit;clear:left;\">value is not recoverable. The events that can lead to an </span><span style=\"display:inherit;clear:left;\">impairment of assets include changes in business plans, </span><span style=\"display:inherit;clear:left;\">changes in market prices or a reduced use of plants. </span><span style=\"display:inherit;clear:left;\">The decision on whether to apply impairment and the </span><span style=\"display:inherit;clear:left;\">quantification of any such impairment depend on the </span><span style=\"display:inherit;clear:left;\">Company\u2019s management assessment of complex and </span><span style=\"display:inherit;clear:left;\">highly uncertain factors, such as future price trends, the </span><span style=\"display:inherit;clear:left;\">impact of inflation and technological improvements on </span><span style=\"display:inherit;clear:left;\">production costs, production profiles and conditions </span><span style=\"display:inherit;clear:left;\">of supply and demand. The impairment is determined </span><span style=\"display:inherit;clear:left;\">by comparing the carrying amount with the relevant </span><span style=\"display:inherit;clear:left;\">recoverable amount, represented by the higher of fair </span><span style=\"display:inherit;clear:left;\">value, net of disposal costs, and value in use determined </span><span style=\"display:inherit;clear:left;\">by discounting the expected cash flows from the use of </span><span style=\"display:inherit;clear:left;\">the asset, i.e. represented by the R<span class=\"_ _0\"></span>AB in the context of </span><span style=\"display:inherit;clear:left;\">regulated businesses. Expected cash flows are quantified </span><span style=\"display:inherit;clear:left;\">in light of the information available at the time of the </span><span style=\"display:inherit;clear:left;\">estimate on the basis of subjective judgments about </span><span style=\"display:inherit;clear:left;\">the development of future variables, such as prices, </span><span style=\"display:inherit;clear:left;\">costs, demand growth rates, and production profiles, </span><span style=\"display:inherit;clear:left;\">and are discounted using a rate that takes into account </span><span style=\"display:inherit;clear:left;\">the risk inherent in the activity concerned. The rationale </span><span style=\"display:inherit;clear:left;\">behind the impairment test carried out by management </span><span style=\"display:inherit;clear:left;\">in relation to property, plant and equipment, intangible </span><span style=\"display:inherit;clear:left;\">assets, goodwill and investments accounted for using the </span><span style=\"display:inherit;clear:left;\">equity method is illustrated in Notes 8 'Property, Plant </span><span style=\"display:inherit;clear:left;\">and Equipment', 9 'Intangible assets and goodwill' and </span><span style=\"display:inherit;clear:left;\">10 'Investments accounted for using the equity method', </span><span style=\"display:inherit;clear:left;\">respectively.</span><span style=\"display:inherit;clear:left;\">6.2 <span class=\"_ _3c\"> </span>Impairment of financial assets</span><span style=\"display:inherit;clear:left;\">At each reporting date, assessments are made of the </span><span style=\"display:inherit;clear:left;\">recoverability of financial assets in order to determine the </span><span style=\"display:inherit;clear:left;\">value of expected credit losses (ECL).</span><span style=\"display:inherit;clear:left;\">In particular<span class=\"_ _1\"></span>, the valuation of trade receivables is carried </span><span style=\"display:inherit;clear:left;\">out using the simplified approach established by IFRS </span><span style=\"display:inherit;clear:left;\">9, which involves estimating the ECL over the life of the </span><span style=\"display:inherit;clear:left;\">receivable. </span><span style=\"display:inherit;clear:left;\">For trade receivables related to regulated activities, the </span><span style=\"display:inherit;clear:left;\">valuation takes into account the hedging and guarantee </span><span style=\"display:inherit;clear:left;\">mechanisms established by the Authority, the Codes as </span><span style=\"display:inherit;clear:left;\">well as existing contractual agreements with customers.</span><span style=\"display:inherit;clear:left;\">Impairment for trade receivables arising from unsettled </span><span style=\"display:inherit;clear:left;\">assets is generally based on the expected credit loss </span><span style=\"display:inherit;clear:left;\">model and is performed through the use of both qualified </span><span style=\"display:inherit;clear:left;\">external providers and by means of analysis - performed </span><span style=\"display:inherit;clear:left;\">for uniform categories of counterparties - on observed </span><span style=\"display:inherit;clear:left;\">historical data with respect to the recoverability of the </span><span style=\"display:inherit;clear:left;\">receivable. </span><span style=\"display:inherit;clear:left;\">In general, for certain categories of credits characterised </span><span style=\"display:inherit;clear:left;\">by peculiar risk elements (e.g. litigation or credit recovery </span><span style=\"display:inherit;clear:left;\">practices through legal/judicial proceedings and certain </span><span style=\"display:inherit;clear:left;\">credits relating to incentives linked to the superbonus, </span><span style=\"display:inherit;clear:left;\">ecobonus and sismabonus), specific assessments are </span><span style=\"display:inherit;clear:left;\">carried out on individual credit positions. </span><span style=\"display:inherit;clear:left;\">The rationale behind the expected credit loss model is </span><span style=\"display:inherit;clear:left;\">explained in Note 5.7 \"Significant Accounting Policies </span><span style=\"display:inherit;clear:left;\">- Financial Instruments - Non-Derivative Financial Assets - </span><span style=\"display:inherit;clear:left;\">Receivables and Debt Securities\", respectively.</span><span style=\"display:inherit;clear:left;\">6.3 <span class=\"_ _3c\"> </span>Provision for risks and charges </span><span style=\"display:inherit;clear:left;\">Provision for decommissioning and site restoration</span><span style=\"display:inherit;clear:left;\">The Snam Group incurs significant liabilities associated </span><span style=\"display:inherit;clear:left;\">with obligations to remove and decommission plants </span><span style=\"display:inherit;clear:left;\">or parts of plants. Estimating future decommissioning </span><span style=\"display:inherit;clear:left;\">and restoration costs is a complex process and requires </span><span style=\"display:inherit;clear:left;\">the assessment and judgement of the Company\u2019s </span><span style=\"display:inherit;clear:left;\">management in placing a value on the liabilities that will </span><span style=\"display:inherit;clear:left;\">be incurred many years in the future for compliance with </span><span style=\"display:inherit;clear:left;\">decommissioning and restoration obligations, which often </span><span style=\"display:inherit;clear:left;\">cannot be fully defined by laws, administrative regulations </span><span style=\"display:inherit;clear:left;\">or contractual clauses. In addition, these obligations </span><span style=\"display:inherit;clear:left;\">are affected by constant changes in technology and </span><span style=\"display:inherit;clear:left;\">in decommissioning and restoration costs, as well as </span><span style=\"display:inherit;clear:left;\">the constant growth of political and public awareness </span><span style=\"display:inherit;clear:left;\">regarding matters of health and protection of the </span><span style=\"display:inherit;clear:left;\">environment.</span><span style=\"display:inherit;clear:left;\">The critical nature of the accounting estimates for </span><span style=\"display:inherit;clear:left;\">decommissioning and restoration costs also depends on </span><span style=\"display:inherit;clear:left;\">the technique used to account for these costs, the present </span><span style=\"display:inherit;clear:left;\">value of which is initially capitalised together with the cost </span><span style=\"display:inherit;clear:left;\">of the asset to which they relate as a contra-entry to the </span><span style=\"display:inherit;clear:left;\">provision for risks. Thereafter<span class=\"_ _1\"></span>, the value of the provision </span><span style=\"display:inherit;clear:left;\">for risks is updated to reflect the passing of time and any </span><span style=\"display:inherit;clear:left;\">changes in the estimate as a result of changes in expected </span><span style=\"display:inherit;clear:left;\">cash flows, the timing of their realisation and the discount </span><span style=\"display:inherit;clear:left;\">rates applied.</span><span style=\"display:inherit;clear:left;\">The calculation of the discount rate to be used both in the </span><span style=\"display:inherit;clear:left;\">initial valuation of the cost and in subsequent valuations is </span><span style=\"display:inherit;clear:left;\">the result of a complex process which involves subjective </span><span style=\"display:inherit;clear:left;\">judgements on the part of the Company\u2019s management.</span><span style=\"display:inherit;clear:left;\">Environmental liabilities</span><span style=\"display:inherit;clear:left;\">The Snam Group is subject, in relation to its activities, </span><span style=\"display:inherit;clear:left;\">to numerous laws and regulations on environmental </span><span style=\"display:inherit;clear:left;\">protection at European, national, regional and local </span><span style=\"display:inherit;clear:left;\">level, including the laws which implement international </span><span style=\"display:inherit;clear:left;\">conventions and protocols relating to the activities </span><span style=\"display:inherit;clear:left;\">carried out. With reference to this legislation, when it </span><span style=\"display:inherit;clear:left;\">is probable that the existence and amount of a large </span><span style=\"display:inherit;clear:left;\">liability can be reliably estimated, provisions are made for </span><span style=\"display:inherit;clear:left;\">the associated costs.</span><span style=\"display:inherit;clear:left;\">The group does not currently believe that the financial </span><span style=\"display:inherit;clear:left;\">statements will suffer particularly significant adverse </span><span style=\"display:inherit;clear:left;\">effects due to non-compliance with environmental </span><span style=\"display:inherit;clear:left;\">regulations, also considering actions already undertaken, </span><span style=\"display:inherit;clear:left;\">but it cannot be ruled out with certainty that Snam may </span><span style=\"display:inherit;clear:left;\">incur further<span class=\"_ _1\"></span>, possibly significant costs or liabilities, since </span><span style=\"display:inherit;clear:left;\">current knowledge says it is impossible to predict the </span><span style=\"display:inherit;clear:left;\">effects of future developments, also taking into account </span><span style=\"display:inherit;clear:left;\">the following aspects: (i) the possible emergence of </span><span style=\"display:inherit;clear:left;\">contamination; (ii) the outcome of the refurbishment </span><span style=\"display:inherit;clear:left;\">in progress and to be followed and the other possible </span><span style=\"display:inherit;clear:left;\">effects arising from the application of the laws in force; </span><span style=\"display:inherit;clear:left;\">(iii) the possible effects of new laws and regulations </span><span style=\"display:inherit;clear:left;\">for environmental protection; (iv) the effects of any </span><span style=\"display:inherit;clear:left;\">technological innovations for environmental reclamation; </span><span style=\"display:inherit;clear:left;\">(v) the possibility of disputes and the difficulty of </span><span style=\"display:inherit;clear:left;\">determining the possible consequences, also in relation to </span><span style=\"display:inherit;clear:left;\">the liability of other parties and to possible compensation </span><span style=\"display:inherit;clear:left;\">payments.</span><span style=\"display:inherit;clear:left;\">Provisions for legal and tax disputes</span><span style=\"display:inherit;clear:left;\">The estimation of the group\u2019s provisions for these purposes </span><span style=\"display:inherit;clear:left;\">is the result of a complex process involving subjective </span><span style=\"display:inherit;clear:left;\">judgements by Company management.</span><span style=\"display:inherit;clear:left;\">6.4 <span class=\"_ _3c\"> </span>Investments and business </span><span style=\"display:inherit;clear:left;\">combinations</span><span style=\"display:inherit;clear:left;\">V<span class=\"_ _c\"></span>erification of the existence of control, joint control, </span><span style=\"display:inherit;clear:left;\">considerable influence over another entity as well as, in </span><span style=\"display:inherit;clear:left;\">the case of joint operations, verification of the existence </span><span style=\"display:inherit;clear:left;\">of enforceable rights and obligations requires Corporate </span><span style=\"display:inherit;clear:left;\">Management to exercise professional judgement taking </span><span style=\"display:inherit;clear:left;\">into consideration the characteristics of the corporate </span><span style=\"display:inherit;clear:left;\">structure and agreements between the parties as well as </span><span style=\"display:inherit;clear:left;\">other facts and circumstances that are relevant for the </span><span style=\"display:inherit;clear:left;\">purpose of this check. Similar considerations also apply </span><span style=\"display:inherit;clear:left;\">in cases of a planned change in status following a loss </span><span style=\"display:inherit;clear:left;\">of control, joint control or connection with the possible </span><span style=\"display:inherit;clear:left;\">need to activate the classification as \u201cassets held for sale/</span><span style=\"display:inherit;clear:left;\">discontinued operation\u201d.</span><span style=\"display:inherit;clear:left;\">The reporting of business combination transactions </span><span style=\"display:inherit;clear:left;\">involves the allocation to the assets and liabilities of </span><span style=\"display:inherit;clear:left;\">the acquired company of the difference between the </span><span style=\"display:inherit;clear:left;\">acquisition cost and the net book value. For the majority </span><span style=\"display:inherit;clear:left;\">of assets and liabilities, the difference is allocated by </span><span style=\"display:inherit;clear:left;\">recognising the assets and liabilities at their fair value. The </span><span style=\"display:inherit;clear:left;\">unallocated portion, if positive, is recognised as goodwill; </span><span style=\"display:inherit;clear:left;\">if negative, it is allocated to the income statement. In </span><span style=\"display:inherit;clear:left;\">the allocation process, the Snam Group draws on the </span><span style=\"display:inherit;clear:left;\">available information and, for the most significant business </span><span style=\"display:inherit;clear:left;\">combinations, on external valuations.</span><span style=\"display:inherit;clear:left;\">6.5 <span class=\"_ _3c\"> </span>Employee benefits</span><span style=\"display:inherit;clear:left;\">Defined-benefit plans are valued on the basis of uncertain </span><span style=\"display:inherit;clear:left;\">events and actuarial assumptions which include, inter alia, </span><span style=\"display:inherit;clear:left;\">the discount rates, the expected returns on the assets </span><span style=\"display:inherit;clear:left;\">servicing the plans (where they exist), the level of future </span><span style=\"display:inherit;clear:left;\">remuneration, mortality rates, the retirement age and </span><span style=\"display:inherit;clear:left;\">future trends in the healthcare expenses covered.</span><span style=\"display:inherit;clear:left;\">The main assumptions used to quantify defined-benefit </span><span style=\"display:inherit;clear:left;\">plans are determined as follows: (i) the discount and </span><span style=\"display:inherit;clear:left;\">inflation rates representing the base rates at which the </span><span style=\"display:inherit;clear:left;\">obligation to employees might actually be fulfilled are </span><span style=\"display:inherit;clear:left;\">based on the rates which mature on high-quality bonds </span><span style=\"display:inherit;clear:left;\">and on inflation expectations; (ii) the level of future </span><span style=\"display:inherit;clear:left;\">remuneration is determined on the basis of elements such </span><span style=\"display:inherit;clear:left;\">as inflation expectations, productivity, career advancement </span><span style=\"display:inherit;clear:left;\">and seniority; (iii) the future cost of healthcare services is </span><span style=\"display:inherit;clear:left;\">determined on the basis of elements such as present and </span><span style=\"display:inherit;clear:left;\">past trends in healthcare costs, including assumptions </span><span style=\"display:inherit;clear:left;\">regarding the inflationary growth of costs, and changes </span><span style=\"display:inherit;clear:left;\">in the health of the participating employees; (iv) the </span><span style=\"display:inherit;clear:left;\">demographic assumptions reflect the best estimates of </span><span style=\"display:inherit;clear:left;\">trends in variables such as mortality, turnover<span class=\"_ _1\"></span>, invalidity </span><span style=\"display:inherit;clear:left;\">and others in relation to the population of the participating </span><span style=\"display:inherit;clear:left;\">employees.</span><span style=\"display:inherit;clear:left;\">Differences in the value of net liabilities (assets) in </span><span style=\"display:inherit;clear:left;\">employee benefit plans, arising due to changes in the </span><span style=\"display:inherit;clear:left;\">actuarial assumptions used and the difference between </span><span style=\"display:inherit;clear:left;\">the actuarial assumptions previously adopted and actual </span><span style=\"display:inherit;clear:left;\">events, occur routinely and are called actuarial gains </span><span style=\"display:inherit;clear:left;\">and losses. Actuarial gains and losses relating to defined </span><span style=\"display:inherit;clear:left;\">benefit plans are recognised in the comprehensive </span><span style=\"display:inherit;clear:left;\">income statement. Actuarial assumptions are also used to </span><span style=\"display:inherit;clear:left;\">determine obligations relating to other long-term benefits; </span><span style=\"display:inherit;clear:left;\">to this end, the effects arising from changes to the actuarial </span><span style=\"display:inherit;clear:left;\">assumptions or the characteristics of the benefit are fully </span><span style=\"display:inherit;clear:left;\">recognised in the income statement.</span><span style=\"display:inherit;clear:left;\">6.6 <span class=\"_ _3c\"> </span>Fair value</span><span style=\"display:inherit;clear:left;\">Calculating the fair value of financial and non-financial </span><span style=\"display:inherit;clear:left;\">instruments is a structured process featuring the use </span><span style=\"display:inherit;clear:left;\">of complex evaluation methodologies and techniques </span><span style=\"display:inherit;clear:left;\">that involve collecting up to date information from the </span><span style=\"display:inherit;clear:left;\">reference markets and/or using internal input data.</span><span style=\"display:inherit;clear:left;\">Similar to other estimates, calculating the fair value, </span><span style=\"display:inherit;clear:left;\">albeit based on the best information available and on </span><span style=\"display:inherit;clear:left;\">the adoption on adequate evaluation methodologies </span><span style=\"display:inherit;clear:left;\">and techniques, it intrinsically features random elements </span><span style=\"display:inherit;clear:left;\">and the exercising of professional judgement and could </span><span style=\"display:inherit;clear:left;\">create forecasts with different values from those that will </span><span style=\"display:inherit;clear:left;\">effectively be realised.</span><span style=\"display:inherit;clear:left;\">6.7 <span class=\"_ _3c\"> </span>Classification and measurement of </span><span style=\"display:inherit;clear:left;\">investments made for the development </span><span style=\"display:inherit;clear:left;\">and maintenance of proprietary </span><span style=\"display:inherit;clear:left;\">infrastructures</span><span style=\"display:inherit;clear:left;\">The Snam Group makes significant investments for the </span><span style=\"display:inherit;clear:left;\">development and maintenance of its own infrastructures. </span><span style=\"display:inherit;clear:left;\">Assessing the recoverability of the investments currently </span><span style=\"display:inherit;clear:left;\">underway and the distinction of the costs as improvements, </span><span style=\"display:inherit;clear:left;\">upgrades and transformations that increase the </span><span style=\"display:inherit;clear:left;\">infrastructure and the expenses for ordinary maintenance </span><span style=\"display:inherit;clear:left;\">and repairs which restore but do not increase the </span><span style=\"display:inherit;clear:left;\">performance of the assets, includes valuation elements. </span><span style=\"display:inherit;clear:left;\">These assessments are formulated on the basis of objective </span><span style=\"display:inherit;clear:left;\">criteria that the Group has developed to facilitate an </span><span style=\"display:inherit;clear:left;\">application consistent with its accounting policies.</span><span style=\"display:inherit;clear:left;\">7) <span class=\"_ _2cb\"> </span>ACCOUNTING ST<span class=\"_ _1\"></span>ANDARDS </span><span style=\"display:inherit;clear:left;\">PUBLISHED BY THE IASB BUT NOT </span><span style=\"display:inherit;clear:left;\">YET IN FORCE </span><span style=\"display:inherit;clear:left;\">New accounting standards or amendments to current </span><span style=\"display:inherit;clear:left;\">accounting standards published by the IASB that have </span><span style=\"display:inherit;clear:left;\">an effective date after 31 December 2023 are illustrated </span><span style=\"display:inherit;clear:left;\">below. The new accounting standards or amendments </span><span style=\"display:inherit;clear:left;\">to the current accounting standards shown below are </span><span style=\"display:inherit;clear:left;\">divided between documents that have been endorsed and </span><span style=\"display:inherit;clear:left;\">those that have not yet been endorsed by the European </span><span style=\"display:inherit;clear:left;\">Commission. </span><span style=\"display:inherit;clear:left;\">7.1 <span class=\"_ _3c\"> </span>Accounting standards published by the </span><span style=\"display:inherit;clear:left;\">IASB and endorsed by the European </span><span style=\"display:inherit;clear:left;\">Commission but not yet in force  </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>With Regulation (EU) 2023/2579, issued by the European </span><span style=\"display:inherit;clear:left;\">Commission on 20 November 2023, the regulatory </span><span style=\"display:inherit;clear:left;\">provisions contained in the document <span class=\"ff74\">\"<span class=\"_ _1\"></span>Amendments to </span></span><span style=\"display:inherit;clear:left;\">IFRS 16 Leases: Lease Liability in a Sale and L<span class=\"_ _c\"></span>easeback\"<span class=\"ff7b\"> </span></span><span style=\"display:inherit;clear:left;\">were endorsed. The document aims to clarify how </span><span style=\"display:inherit;clear:left;\">subsequent valuations by an entity in the context of a </span><span style=\"display:inherit;clear:left;\">sale and leaseback transaction should take place. The </span><span style=\"display:inherit;clear:left;\">amendments enter into force on 1 January 2024.</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>With Regulation (EU) 2023/2822, issued by the European </span><span style=\"display:inherit;clear:left;\">Commission on 19 December 2023, the regulatory </span><span style=\"display:inherit;clear:left;\">provisions contained in the documents <span class=\"ff74\">\"<span class=\"_ _1\"></span>Amendments </span></span><span style=\"display:inherit;clear:left;\">to IAS 1 Presentation of Financial Statements: </span><span style=\"display:inherit;clear:left;\">Classification of Liabilities as Current or Non-current\" </span><span style=\"display:inherit;clear:left;\">and<span class=\"ff74\"> \"<span class=\"_ _1\"></span>Amendments to IAS 1 Presentation of Financial </span></span><span style=\"display:inherit;clear:left;\">Statements: Non-Current Liabilities with C<span class=\"_ _c\"></span>ovenants\"<span class=\"ff7b\"> </span></span><span style=\"display:inherit;clear:left;\">were endorsed. The documents are intended to clarify </span><span style=\"display:inherit;clear:left;\">how to classify payables and other short-term or long-</span><span style=\"display:inherit;clear:left;\">term liabilities. The amendments enter into force on 1 </span><span style=\"display:inherit;clear:left;\">January 2024. </span><span style=\"display:inherit;clear:left;\">The Group is analysing the standards and interpretations </span><span style=\"display:inherit;clear:left;\">indicated, where applicable, in order to assess the effects </span><span style=\"display:inherit;clear:left;\">of their application on the financial statements; however<span class=\"_ _1\"></span>, </span><span style=\"display:inherit;clear:left;\">the directors do not expect a significant effect on the </span><span style=\"display:inherit;clear:left;\">Group's consolidated financial statements resulting from </span><span style=\"display:inherit;clear:left;\">their adoption.</span><span style=\"display:inherit;clear:left;\">7.2 <span class=\"_ _3c\"> </span>Accounting standards and </span><span style=\"display:inherit;clear:left;\">interpretations published by the IASB </span><span style=\"display:inherit;clear:left;\">and not yet endorsed by the European </span><span style=\"display:inherit;clear:left;\">Commission</span><span style=\"display:inherit;clear:left;\">Alla data di riferimento del presente documento, gli </span><span style=\"display:inherit;clear:left;\">organi competenti dell\u2019Unione europea non hanno ancora </span><span style=\"display:inherit;clear:left;\">concluso il processo di omologazione necessario per </span><span style=\"display:inherit;clear:left;\">l\u2019adozione degli emendamenti sotto descritti. </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>In data 25 maggio 2023 lo IA<span class=\"_ _0\"></span>SB ha pubblicato un </span><span style=\"display:inherit;clear:left;\">emendamento denominato<span class=\"ff74\"> \u201c<span class=\"_ _1\"></span>Amendments to IAS </span></span><span style=\"display:inherit;clear:left;\">7 Statement of Cash Flows and IFRS 7 Financial </span><span style=\"display:inherit;clear:left;\">Instruments: Disclosures: Supplier Finance </span><span style=\"display:inherit;clear:left;\">Arrangements\"<span class=\"ff7b\">. La modifica ha lo scopo di aggiungere </span></span><span style=\"display:inherit;clear:left;\">requisiti di informativa e indicazioni, richiedendo alle </span><span style=\"display:inherit;clear:left;\">societ\u00e0 di fornire informazioni qualitative e quantitative </span><span style=\"display:inherit;clear:left;\">sugli accordi finanziari con i fornitori. Le modifiche </span><span style=\"display:inherit;clear:left;\">entrano in vigore dall\u20191 gennaio 2024, salvo eventuali </span><span style=\"display:inherit;clear:left;\">successivi differimenti stabiliti in sede di omologazione </span><span style=\"display:inherit;clear:left;\">da parte della Commissione europea.</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>In data 15 agosto 2023 lo IA<span class=\"_ _0\"></span>SB ha pubblicato un </span><span style=\"display:inherit;clear:left;\">emendamento denominato<span class=\"ff74\"> \u201c<span class=\"_ _1\"></span>Amendments to IAS 21 The </span></span><span style=\"display:inherit;clear:left;\">Effects of Changes in Foreign Ex<span class=\"_ _c\"></span>change Rates: Lack of </span><span style=\"display:inherit;clear:left;\">Exchangeability\u201d<span class=\"ff7b\">. La modifica ha lo scopo di chiarire cosa </span></span><span style=\"display:inherit;clear:left;\">debba fare una societ\u00e0 per misurare una transazione in </span><span style=\"display:inherit;clear:left;\">una valuta estera per la quale non sia disponibile il tasso </span><span style=\"display:inherit;clear:left;\">di cambio. In particolare, vengono definite le circostanze </span><span style=\"display:inherit;clear:left;\">in cui la societ\u00e0 debba stimare un tasso di cambio spot </span><span style=\"display:inherit;clear:left;\">e le modalit\u00e0 con cui possa farlo. Le modifiche entrano </span><span style=\"display:inherit;clear:left;\">in vigore dall\u20191 gennaio 2025 salvo eventuali successivi </span><span style=\"display:inherit;clear:left;\">differimenti stabiliti in sede di omologazione da parte </span><span style=\"display:inherit;clear:left;\">della Commissione europea, \u00e8 comunque consentita </span><span style=\"display:inherit;clear:left;\">un\u2019applicazione anticipata.</span><span style=\"display:inherit;clear:left;\">Al momento il Gruppo sta valutando i possibili effetti </span><span style=\"display:inherit;clear:left;\">derivanti dall'introduzione degli emendamenti indicati.</span><span style=\"display:inherit;clear:left;\">8) <span class=\"_ _2cb\"> </span>PROPERTY<span class=\"_ _11\"></span>, PLANT <span class=\"_ _1\"></span>AND EQUIPMENT  </span><span style=\"display:inherit;clear:left;position:relative;height:764.662109375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 443.703px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 454.672px; top: 26.3359px; width: 53.7715px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Industrial</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 33.4141px; width: 85.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 583.422px; top: 33.0859px; width: 70.2773px; white-space: pre; word-spacing: 0px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assets under</span><span style=\"word-spacing: 0px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 366.375px; top: 39.8359px; width: 57.2695px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Plant and </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 485.703px; top: 39.8359px; width: 22.8047px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 532.172px; top: 39.8359px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 248.453px; top: 46.5859px; width: 95.2793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Land</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 16.6054px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0.24px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Buildings</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 583.422px; top: 46.5859px; width: 71.3438px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">construction </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 688.844px; top: 46.5859px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 359.656px; top: 53.3359px; width: 61.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">equipment</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 443.703px; top: 53.3359px; width: 65.8008px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Commercial </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 530px; top: 53.3359px; width: 36.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">assets</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 581.5px; top: 60.0859px; width: 68.7188px; white-space: pre; word-spacing: 0px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and advanc</span><span style=\"word-spacing: 0px; letter-spacing: -0.6px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 448.422px; top: 66.8359px; width: 57.7324px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equipment</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.7324px; width: 719.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cost at 31.12.2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 154.131px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">181</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">555</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">25,429</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">150</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">256</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,340</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27,911</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 120.045px; width: 718.805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Investments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 202.711px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 130.975px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">35</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,119</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,171</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 146.357px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Divestments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 190.559px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.877px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (60)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.0449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (8)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (7)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (81)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 172.686px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in the scope of consolidation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">193</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">383</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">607</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.998px; width: 719.033px; white-space: pre; word-spacing: 0px; letter-spacing: -0.12px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Changes in rights of use for leased assets </span><span style=\"word-spacing: 0px; letter-spacing: -0.12px; display: inline-block; margin-left: 0px; width: 48.621px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 138.012px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 139.605px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 225.311px; width: 719.121px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 182.871px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">764</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">67</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.7071px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1,146)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (296)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 251.623px; width: 719.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cost at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 154.131px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">209</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">570</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">26,363</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">166</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">329</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,689</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">29,326</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 277.936px; width: 719.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which rights of use for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 138.012px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 139.605px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">57</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 304.264px; width: 149.25px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accumulated depreciation </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 259.094px; top: 311.014px; width: 459.697px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (162)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (10,236)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (81)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (107)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.895px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (10,589)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 317.764px; width: 75.1348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">at 31.12.2021</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 344.092px; width: 718.723px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 250.318px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (12)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (665)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (16)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (46)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.022px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (739)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 370.404px; width: 719.062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Divestments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 269.074px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">38</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 199.078px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">46</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 396.717px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in the scope of consolidation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 127.148px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (55)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.0449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.795px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (59)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 423.029px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 335.103px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 137.338px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 146.508px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 449.357px; width: 216.434px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amortisation of rights of use for leased </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 259.094px; top: 456.107px; width: 459.428px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.877px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 203.613px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 135.656px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (8)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 462.857px; width: 33.8555px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">assets</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 489.186px; width: 718.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accumulated depreciation at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (179)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.6875px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (10,913)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.6154px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (92)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (152)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.895px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (11,341)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 515.498px; width: 718.74px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which rights of use for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.877px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (6)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (15)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 203.613px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (23)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 541.811px; width: 172.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for impairment losses </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 259.094px; top: 548.561px; width: 459.814px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (34)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 205.283px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (80)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (118)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 555.311px; width: 75.2402px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">at 31.12.2021</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 581.639px; width: 718.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impairment </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 261.369px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.0449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 127.148px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (12)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 607.951px; width: 718.939px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Divestments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 269.074px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 291.17px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 634.264px; width: 719.074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rights of use for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 162.978px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 356.812px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 660.592px; width: 172.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for impairment losses </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 259.094px; top: 667.342px; width: 459.451px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (6)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (33)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.871px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (85)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (126)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 674.092px; width: 75.2402px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">at 31.12.2022</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 700.42px; width: 718.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which rights of use for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.086px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 356.812px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 726.732px; width: 719.18px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET BOOK V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ALUE AS A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 31.12.2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">177</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">390</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15,159</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">69</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">149</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,260</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17,204</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 753.045px; width: 719.18px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET BOOK V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ALUE AS A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">203</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">385</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15,417</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">73</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">177</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,604</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17,859</span></span></span><span style=\"display:inherit;clear:left;position:relative;height:724.833984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 444.625px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 455.453px; top: 26.3359px; width: 53.7715px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Industrial</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 33.4141px; width: 85.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 582.938px; top: 33.0859px; width: 70.2773px; white-space: pre; word-spacing: 0px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assets under</span><span style=\"word-spacing: 0px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 367.172px; top: 39.8359px; width: 57.2695px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Plant and </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 486.672px; top: 39.8359px; width: 22.8047px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 532.312px; top: 39.8359px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 249.047px; top: 46.5703px; width: 95.2793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Land</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 16.6054px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0.24px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Buildings</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 582.938px; top: 46.5859px; width: 71.3438px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">construction </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 690.875px; top: 46.5859px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 359.281px; top: 53.3359px; width: 61.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">equipment</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 444.625px; top: 53.3359px; width: 65.8008px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Commercial </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 529.734px; top: 53.3359px; width: 36.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">assets</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 581.672px; top: 60.0859px; width: 68.7188px; white-space: pre; word-spacing: 0px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and advanc</span><span style=\"word-spacing: 0px; letter-spacing: -0.6px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 449.172px; top: 66.8359px; width: 57.7324px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equipment</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.7324px; width: 719.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cost at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 154.131px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">209</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">570</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">26,363</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">166</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">329</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,689</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">29,326</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 120.045px; width: 719.039px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Investments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 195.978px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">45</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.0312px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,454</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,521</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 146.357px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Divestments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 202.711px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.0449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.5585px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (11)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 172.67px; width: 718.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in the scope of consolidation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">56</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">402</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">467</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.982px; width: 718.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 190.559px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">16</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,222</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">34</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1,263)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 225.311px; width: 719.314px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Changes in rights of use for leased assets </span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">12</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.3846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.4531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.8105px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 251.623px; width: 719.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cost at 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 154.131px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">239</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">598</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27,668</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">175</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">365</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,281</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31,326</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 277.936px; width: 719.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which rights of use for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">34</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">37</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.4239px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.008px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">77</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 304.248px; width: 718.904px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accumulated depreciation at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (179)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.6875px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (10,913)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.6154px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (92)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (152)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.4239px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.834px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (11,341)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 330.576px; width: 718.746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 200.578px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (13)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (694)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.6154px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (17)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (53)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.8105px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (777)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 356.889px; width: 718.863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in the scope of consolidation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (22)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.008px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (24)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 383.201px; width: 719.139px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 191.742px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">30</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 409.514px; width: 216.434px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amortisation of rights of use for leased </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 259.359px; top: 416.279px; width: 459.486px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.877px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.5585px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.7071px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.8105px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (9)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 423.014px; width: 33.8555px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">assets</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 449.342px; width: 718.682px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accumulated depreciation at 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (8)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (196)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.6875px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (11,606)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (105)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.6875px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (206)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.008px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.834px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (12,121)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 475.654px; width: 718.939px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which rights of use for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.877px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (8)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (20)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.4239px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (31)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 501.982px; width: 172.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for impairment losses </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 259.359px; top: 508.732px; width: 459.439px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (6)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (33)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (85)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (126)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 515.482px; width: 75.2402px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">at 31.12.2022</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 541.811px; width: 718.887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impairment </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 193.102px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.5196px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.621px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (126)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.5585px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (138)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 568.123px; width: 719.004px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 191.742px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 594.436px; width: 718.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rights of use for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.195px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.5585px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 620.748px; width: 178.816px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for impairment losses </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 259.359px; top: 627.514px; width: 459.797px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (7)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (159)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.9784px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (93)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (264)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 634.248px; width: 75.1348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">at 31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 660.576px; width: 719.203px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which rights of use for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.5196px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4531px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 686.904px; width: 719.18px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET BOOK V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ALUE AS A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">203</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">385</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15,417</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">73</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">177</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,604</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17,859</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 713.217px; width: 719.18px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET BOOK V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ALUE AS A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">228</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">395</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15,903</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">68</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">159</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,188</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">18,941</span></span></span><span style=\"display:inherit;clear:left;\">Property, plant and equipment (\u20ac18,941 million) mainly relates to transport infrastructure (\u20ac14,462 million<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">9</span><span style=\"display:inherit;clear:left;\">Investments</span><span style=\"display:inherit;clear:left;\"> (\u20ac1,521 million) mainly refer to the transport sector (\u20ac983 million<span class=\"_ _c\"></span>), chiefly relating to works aimed at </span><span style=\"display:inherit;clear:left;\">maintaining safety and quality levels of plants as well as investments in the development of new transport capacity. </span><span style=\"display:inherit;clear:left;\">During the year<span class=\"_ _1\"></span>, Snam capitalised financial expenses for \u20ac21 million (\u20ac25 million in 2022). </span><span style=\"display:inherit;clear:left;\">9 <span class=\"_ _80\"> </span>Investments by business segment are presented in the chapter 'Business Segment Performance<span class=\"_ _c\"></span>' of the Annual Report.</span><span style=\"display:inherit;clear:left;\">The change in the scope of consolidation (\u20ac443 million) refers mainly to the assets recognised in connection with the </span><span style=\"display:inherit;clear:left;\">acquisition of: (i) 100% of the capital of FSRU I Limited, owner of the ship FSRU BW Singapore; (ii) 100% of the share </span><span style=\"display:inherit;clear:left;\">capital of 10 companies operating in the biogas/biomethane business. </span><span style=\"display:inherit;clear:left;\">Divestments (\u20ac11 million) mainly relate to assets in the transport sector<span class=\"_ _1\"></span>. </span><span style=\"display:inherit;clear:left;\">Depreciation (\u20ac786 million) refers to economic<span class=\"_ _c\"></span>-technical depreciation determined on the basis of the useful life of assets, </span><span style=\"display:inherit;clear:left;\">i.e. their residual possibility of use by the company.</span><span style=\"display:inherit;clear:left;\">10</span><span style=\"display:inherit;clear:left;\">Impairment losses (\u20ac138 million) relate to write-downs of assets mainly concerning the Biomethane W<span class=\"_ _c\"></span>aste CGU</span><span style=\"display:inherit;clear:left;\"> (\u20ac122 </span><span style=\"display:inherit;clear:left;\">million).</span><span style=\"display:inherit;clear:left;\">The value of plant and equipment includes an estimate of the discounted costs that will be incurred for the removal of </span><span style=\"display:inherit;clear:left;\">structures and site restoration (\u20ac142 million, net of accumulated depreciation), mainly related to the storage (\u20ac80 million<span class=\"_ _c\"></span>) </span><span style=\"display:inherit;clear:left;\">and natural gas transportation (\u20ac40 million) segments.</span><span style=\"display:inherit;clear:left;\">Other changes (\u20ac43 million) mainly relate to: (i) the upward revision of estimated site decommissioning and restoration </span><span style=\"display:inherit;clear:left;\">costs, mainly related to the storage sector<span class=\"_ _1\"></span>, against the reduction of expected discount rates (\u20ac48 million in total); (ii) </span><span style=\"display:inherit;clear:left;\">the change in inventories of piping and related ancillary materials used in plant construction activities, referring to the </span><span style=\"display:inherit;clear:left;\">natural gas transportation segment (\u20ac44 million); (ii) subsidies on works for interference with third parties (so-called </span><span style=\"display:inherit;clear:left;\">\u201ccompensation\u201d, \u20ac-22 million<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">Contractual commitments for the acquisition of property, plant and equipment, as well as for the provision of services </span><span style=\"display:inherit;clear:left;\">related thereto, are indicated in Note 26 'Guarantees and Commitments'. </span><span style=\"display:inherit;clear:left;\">No collateral is pledged on property, plant or equipment.</span><span style=\"display:inherit;clear:left;\">10 <span class=\"_ _94\"> </span>For further details, see Note 9.2 'Impairment test'.</span><span style=\"display:inherit;clear:left;\">8.1 <span class=\"_ _3c\"> </span>Plant, property and equipment by business segment</span><span style=\"display:inherit;clear:left;\">Property, plant and equipment by business segment are analysed as follows: </span><span style=\"display:inherit;clear:left;position:relative;height:564.833984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.916px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Historical cost</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 502.136px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">29,325</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31,326</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.711px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransportation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 498.739px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23,881</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24,872</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Storage </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 541.283px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,291</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,520</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.998px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regasification</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 519.45px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">628</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,268</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransition</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 501.57px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">467</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">601</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 515.145px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">35</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">38</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 718.799px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amounts not allocated to segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 408.656px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 718.688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accumulated depreciation and pro</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vision for impairment losses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 235.119px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(11,466)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (12,385)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 237.42px; width: 718.922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransportation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 497.67px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(9,805)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (10,410)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 263.732px; width: 718.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Storage </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 533.52px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,442)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1,546)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.045px; width: 718.723px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regasification</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 518.303px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(96)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (121)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 316.373px; width: 718.84px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransition</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 500.561px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(99)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (278)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 342.686px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(12)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (12)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 368.998px; width: 718.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amounts not allocated to segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 400.868px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(12)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (18)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 395.311px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET BOOK V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ALUE</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 479.355px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17,859</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">18,941</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 421.623px; width: 718.711px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransportation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 498.739px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14,076</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14,462</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 447.951px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Storage </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 541.283px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,849</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,974</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 474.264px; width: 718.998px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regasification</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 519.45px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">532</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,147</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 500.576px; width: 718.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransition</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 501.57px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">368</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">323</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 526.889px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 515.145px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">26</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 553.217px; width: 718.799px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amounts not allocated to segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 408.656px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span></span></span><span style=\"display:inherit;clear:left;\">9) <span class=\"_ _2cb\"> </span>Intangible assets and goodwill </span><span style=\"display:inherit;clear:left;position:relative;height:566.490234375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 460.438px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 363.688px; top: 26.3203px; width: 343.518px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Finite useful life</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 132.434px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Indefinite useful lif</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 279.5px; top: 52.6484px; width: 52.3494px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Industrial </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 344.359px; top: 52.6484px; width: 64.6576px; white-space: pre; word-spacing: 0.324px; letter-spacing: -0.324px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Conc</span><span style=\"word-spacing: 0.324px; letter-spacing: -0.324px; display: inline-block; margin-left: -0.44874px; width: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">essions,</span><span style=\"word-spacing: 0.324px; letter-spacing: -0.324px; display: inline-block; margin-left: 0px; width: 0.363866px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.59448px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 524.422px; top: 59.3828px; width: 37.1989px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assets </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 273.938px; top: 66.1484px; width: 58.7988px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">patent and </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 362.469px; top: 66.1484px; width: 45.958px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">licenc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.84645px; width: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es, </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 452.672px; top: 66.1484px; width: 33.1488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 530px; top: 72.8828px; width: 32.7058px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">under </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.6328px; width: 85.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 270.875px; top: 79.6484px; width: 62.2529px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">intellectual </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 344.359px; top: 79.6484px; width: 64.6735px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">trade marks </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 430.391px; top: 79.6484px; width: 55.2761px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Intangible </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 596.281px; top: 79.6484px; width: 122.07px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Goodwill</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.9078px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.84645px; width: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 496.719px; top: 86.3828px; width: 65.5066px; white-space: pre; word-spacing: 0.216px; letter-spacing: -0.216px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">construction </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 283.719px; top: 93.1484px; width: 48.3205px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">property </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 349.484px; top: 93.1484px; width: 58.7777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and similar </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 448.422px; top: 93.1484px; width: 34.6042px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assets</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 495.703px; top: 99.8828px; width: 63.0651px; white-space: pre; word-spacing: -0.0756px; letter-spacing: -0.432px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and advanc</span><span style=\"word-spacing: -0.0756px; letter-spacing: -0.432px; display: inline-block; margin-left: -0.84645px; width: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 299.953px; top: 106.648px; width: 30.491px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rights</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 375.703px; top: 106.648px; width: 30.491px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rights</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 133.529px; width: 718.875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cost at 31.12.2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 207.012px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">990</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">824</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">84</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">75</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">60</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,033</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.842px; width: 718.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Investments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 256.301px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">171</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 139.025px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">180</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 186.17px; width: 718.916px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Divestments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 313.67px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (15)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 212.203px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (16)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 212.482px; width: 718.746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in the scope of consolidation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 192.58px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">58</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 145.94px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">125</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.795px; width: 718.91px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impairment</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 249.176px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 295.072px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (7)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.3846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (9)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 265.264px; width: 718.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 229.922px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">135</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (25)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (139)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.5918px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (22)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 291.717px; width: 718.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cost at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.508px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,127</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.4531px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">875</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">86</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">107</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">96</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,291</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 318.029px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accumulated depreciation at 31.12.2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (723)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (118)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (25)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.879px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (866)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 344.342px; width: 718.811px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 228.744px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (101)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (10)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 205.283px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (120)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 370.67px; width: 718.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Divestments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 324.334px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 298.588px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 396.982px; width: 718.74px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 243.176px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 382.312px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 423.295px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accumulated depreciation at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (821)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (112)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (35)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.879px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (968)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 449.607px; width: 248.209px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for impairment losses at 31.12.2021</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 475.936px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impairment</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 249.176px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 371.83px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 502.248px; width: 719.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for impairment losses at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.9199px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 371.83px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 528.561px; width: 719.145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET BOOK V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ALUE AS A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 31.12.2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.52px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">267</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">706</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">59</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.5196px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">75</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">60</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,167</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 554.873px; width: 721.576px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET BOOK V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ALUE AS A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.52px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">304 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">763 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">51</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">107</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">96 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,321 </span></span></span><span style=\"display:inherit;clear:left;position:relative;height:539.896484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 461.016px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 364.609px; top: 26.3359px; width: 343.518px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Finite useful life</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 132.434px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Indefinite useful lif</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 281.422px; top: 52.6484px; width: 52.3494px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Industrial </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 344.938px; top: 52.6484px; width: 64.6576px; white-space: pre; word-spacing: 0.324px; letter-spacing: -0.324px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Conc</span><span style=\"word-spacing: 0.324px; letter-spacing: -0.324px; display: inline-block; margin-left: -0.44874px; width: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">essions,</span><span style=\"word-spacing: 0.324px; letter-spacing: -0.324px; display: inline-block; margin-left: 0px; width: 0.363866px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.59448px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 524.938px; top: 59.3984px; width: 37.1989px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assets </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 273.672px; top: 66.1484px; width: 58.7988px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">patent and </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 362.938px; top: 66.1484px; width: 45.958px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">licenc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.84645px; width: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es, </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 453.188px; top: 66.1484px; width: 33.1488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 529.734px; top: 72.8984px; width: 32.7058px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">under </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.6484px; width: 85.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 270.656px; top: 79.6484px; width: 62.2529px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">intellectual </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 344.938px; top: 79.6484px; width: 64.6735px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">trade marks </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 430.5px; top: 79.6484px; width: 55.2761px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Intangible </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 596.859px; top: 79.6484px; width: 122.07px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Goodwill</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.9078px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.84645px; width: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 496.766px; top: 86.3984px; width: 65.5066px; white-space: pre; word-spacing: 0.216px; letter-spacing: -0.216px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">construction </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 284.672px; top: 93.1484px; width: 48.3205px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">property </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 351.266px; top: 93.1484px; width: 58.7777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and similar </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 449.172px; top: 93.1484px; width: 34.6042px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assets</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 496.766px; top: 99.8984px; width: 63.0651px; white-space: pre; word-spacing: -0.0756px; letter-spacing: -0.432px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and advanc</span><span style=\"word-spacing: -0.0756px; letter-spacing: -0.432px; display: inline-block; margin-left: -0.84645px; width: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 300.203px; top: 106.648px; width: 30.491px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rights</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 376.281px; top: 106.648px; width: 30.491px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rights</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 133.545px; width: 718.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cost at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.508px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,127</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.4531px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">875</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">86</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">107</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">96</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,291</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.857px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Investments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 256.301px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">246</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">253</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 186.17px; width: 718.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in the scope of consolidation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.4px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">52</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 14.4551px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">76</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 212.498px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impairment</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 260.918px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 14.4551px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (40)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (42)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.811px; width: 718.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 236.754px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">76</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (185)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (94)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 265.123px; width: 718.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cost at 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.508px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,204</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.4531px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">935</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">97</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">168</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">80</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,484</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 291.436px; width: 718.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accumulated depreciation at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (821)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (112)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (35)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 14.4551px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.5196px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.1642px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (968)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 317.748px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 228.744px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (116)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (11)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (12)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 14.4551px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.1642px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (139)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 344.076px; width: 718.846px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 236.754px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">94</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.5585px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 14.4551px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.8358px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">95</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 370.389px; width: 718.84px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accumulated depreciation at 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (843)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (122)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (47)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 14.4551px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.5196px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1,012)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 396.701px; width: 718.811px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for impairment losses at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.9199px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.2772px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.2051px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 423.014px; width: 718.811px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impairment</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 249.176px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.3846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (7)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.3846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (20)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 449.342px; width: 718.934px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 232.635px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 14.4551px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 475.654px; width: 719.062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for impairment losses at 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.9199px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (7)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (23)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 501.967px; width: 718.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET BOOK V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ALUE AS A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.52px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">304</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">763</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">51</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">107</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">96</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,321</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 528.279px; width: 718.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET BOOK V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ALUE AS A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.52px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">357</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">804</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">43</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">165</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">80</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,449</span></span></span><span style=\"display:inherit;clear:left;\">Industrial patent and intellectual property rights (\u20ac357 million) mainly relate to information systems and applications to </span><span style=\"display:inherit;clear:left;\">support operations. </span><span style=\"display:inherit;clear:left;\">Concessions, licences, trademarks and similar rights (\u20ac804 million) mainly refer to concessions for natural gas storage </span><span style=\"display:inherit;clear:left;\">activities (\u20ac661 million) and, in particular<span class=\"_ _1\"></span>, the Settala (\u20ac229 million), Sergnano (\u20ac127 million) and Fiume T<span class=\"_ _1\"></span>reste (\u20ac91 </span><span style=\"display:inherit;clear:left;\">million) concessions. The value of storage concessions is represented by the reserves of natural gas in reservoirs (so-called </span><span style=\"display:inherit;clear:left;\">11</span><span style=\"display:inherit;clear:left;\">'Cushion Gas<span class=\"_ _c\"></span>'</span><span style=\"display:inherit;clear:left;\">). The change in the scope of consolidation (\u20ac52 million) essentially relates to the valuation of authorisations </span><span style=\"display:inherit;clear:left;\">and concessions for operating activities, carried out under the PP<span class=\"_ _c\"></span>A, for companies operating in the biogas/biomethane </span><span style=\"display:inherit;clear:left;\">business.</span><span style=\"display:inherit;clear:left;\">Other intangible assets (\u20ac43 million) mainly include the fair value assigned, in previous years, under the Purchase Price </span><span style=\"display:inherit;clear:left;\">Allocation (PP<span class=\"_ _c\"></span>A), as governed by IFRS 3 'Business Combinations', relating in particular to the order backlog pertaining to </span><span style=\"display:inherit;clear:left;\">the energy efficiency business (approximately \u20ac38 million). Amortisation is based on the average duration of the contracts.</span><span style=\"display:inherit;clear:left;\">Goodwill (\u20ac80 million) decreased due to the write-down of the Biomethane W<span class=\"_ _c\"></span>aste CGU (\u20ac40 million), partially offset by the </span><span style=\"display:inherit;clear:left;\">increase due to acquisitions made during the year (\u20ac24 million).</span><span style=\"display:inherit;clear:left;\">For more information on business combinations undertaken during 2023, see Note 24 'Business Combinations<span class=\"_ _c\"></span>'.</span><span style=\"display:inherit;clear:left;\">11 <span class=\"_ _94\"> </span>Cushion gas is not subject to amortisation.</span><span style=\"display:inherit;clear:left;\">12</span><span style=\"display:inherit;clear:left;\">Investments (\u20ac253 million), mainly in the natural gas transport sector (\u20ac156 million<span class=\"_ _c\"></span>)</span><span style=\"display:inherit;clear:left;\">, relate to information system </span><span style=\"display:inherit;clear:left;\">development projects.</span><span style=\"display:inherit;clear:left;\">The change in the scope of consolidation (\u20ac76 million) refers to the assets recognised for the acquisition of 100% of the </span><span style=\"display:inherit;clear:left;\">share capital of 10 companies operating in the biogas/biomethane business.</span><span style=\"display:inherit;clear:left;\">Impairment losses (\u20ac62 million), in addition to the goodwill impairment reported above, mainly include impairment losses </span><span style=\"display:inherit;clear:left;\">13</span><span style=\"display:inherit;clear:left;\">on assets pertaining to the Biomethane Waste CGU</span><span style=\"display:inherit;clear:left;\">.</span><span style=\"display:inherit;clear:left;\">Amortisation and depreciation (\u20ac139 million) refer to economic<span class=\"_ _c\"></span>-technical amortisation determined on the basis of the </span><span style=\"display:inherit;clear:left;\">useful life (finite useful life) of intangible assets, i.e. on the basis of their remaining use by the company<span class=\"_ _c\"></span>. </span><span style=\"display:inherit;clear:left;\">Contractual commitments for the purchase of intangible assets as well as for the provision of services related to their </span><span style=\"display:inherit;clear:left;\">realisation are described in Note 26 'Guarantees and commitments'. </span><span style=\"display:inherit;clear:left;\">9.1 <span class=\"_ _3c\"> </span>Intangible assets by business segment</span><span style=\"display:inherit;clear:left;\">Intangible assets by business segment are analysed as follows: </span><span style=\"display:inherit;clear:left;position:relative;height:564.833984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Historical cost</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 509.002px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,291</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,486</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransportation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 505.77px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,030</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,110</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Storage </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 551.002px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">876</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">891</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regasification</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 526.185px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransition</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 501.57px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">252</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">305</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 515.145px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 718.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amounts not allocated to segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 402.06px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">110</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">152</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 719.068px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accumulated depreciation and pro</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vision for impairment losses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 249.176px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (970)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.6154px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1,037)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 237.42px; width: 718.658px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransportation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 504.761px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (673)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (696)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 263.732px; width: 718.828px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Storage </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 540.45px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (173)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (181)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.045px; width: 718.816px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regasification</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 522.544px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (7)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (8)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 316.373px; width: 718.863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransition</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 497.67px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (37)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (76)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 342.686px; width: 719.045px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 504.248px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (10)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 85.1659px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (8)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 368.998px; width: 719.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amounts not allocated to segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 398.314px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (70)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (66)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 395.311px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET BOOK V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ALUE</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 486.169px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,321</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,449</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 421.623px; width: 718.951px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransportation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 515.145px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">357</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">414</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 447.951px; width: 718.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Storage </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 551.002px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">703</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">710</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 474.264px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regasification</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 532.95px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 500.576px; width: 718.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransition</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 501.57px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">215</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">229</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 526.889px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 623.959px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 553.217px; width: 718.799px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amounts not allocated to segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 408.656px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">86</span></span></span><span style=\"display:inherit;clear:left;\">12 <span class=\"_ _94\"> </span>Investments by business segment are presented in the chapter 'Business Segment Performance' of the Annual Report.</span><span style=\"display:inherit;clear:left;\">13 <span class=\"_ _94\"> </span>For further details, see Note 9.2 'Impairment test'.</span><span style=\"display:inherit;clear:left;\">9.2 <span class=\"_ _3c\"> </span>Impairment test </span><span style=\"display:inherit;clear:left;\">As required by the relevant accounting standard (IA<span class=\"_ _0\"></span>S 36), </span><span style=\"display:inherit;clear:left;\">impairment testing is performed at least annually for all </span><span style=\"display:inherit;clear:left;\">CGUs (or groups of CGUs<span class=\"_ _c\"></span>) to which goodwill has been </span><span style=\"display:inherit;clear:left;\">allocated, as well as for CGUs (or groups of CGUs<span class=\"_ _c\"></span>) with </span><span style=\"display:inherit;clear:left;\">intangible assets that have an indefinite useful lives and </span><span style=\"display:inherit;clear:left;\">intangible assets not yet available for use. For all remaining </span><span style=\"display:inherit;clear:left;\">CGUs (or groupings of CGUs<span class=\"_ _c\"></span>), impairment testing is </span><span style=\"display:inherit;clear:left;\">performed only in the presence of impairment indicators. </span><span style=\"display:inherit;clear:left;\">The macroeconomic landscape over the past year has also </span><span style=\"display:inherit;clear:left;\">been characterized by a substantial inflationary trend. In </span><span style=\"display:inherit;clear:left;\">response to this, major central banks, including the ECB, </span><span style=\"display:inherit;clear:left;\">have implemented significant and recurrent raises of their </span><span style=\"display:inherit;clear:left;\">respective benchmark interest rates. </span><span style=\"display:inherit;clear:left;\">The markets, in which these phenomena took place </span><span style=\"display:inherit;clear:left;\">(including the Eurozone<span class=\"_ _1\"></span>), are a snapshot of 2023, </span><span style=\"display:inherit;clear:left;\">characterised by the presence of widespread signs </span><span style=\"display:inherit;clear:left;\">14</span><span style=\"display:inherit;clear:left;\">of external impairment indicators</span><span style=\"display:inherit;clear:left;\">. Therefore, at 31 </span><span style=\"display:inherit;clear:left;\">December 2023, in addition to the disclosure in Note 10 </span><span style=\"display:inherit;clear:left;\">\"Equity Investments\", the test was performed for all the </span><span style=\"display:inherit;clear:left;\">main CGUs and groupings of CGUs, in particular: </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>for gas infrastructure, for the Snam Rete Gas, ITG, LNG<span class=\"_ _0\"></span>, </span><span style=\"display:inherit;clear:left;\">FSRU Piombino and Stogit CGUs; limited to the ITG C<span class=\"_ _c\"></span>GU, </span><span style=\"display:inherit;clear:left;\">goodwill of \u20ac27 million was allocated; </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>for the sustainable mobility business, consisting of petrol </span><span style=\"display:inherit;clear:left;\">stations, and micro-liquefaction plants, for the Greenture </span><span style=\"display:inherit;clear:left;\">CGU;</span><span style=\"display:inherit;clear:left;\">15</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>for the Biomethane Agri CGU</span><span style=\"display:inherit;clear:left;\">, consisting of agricultural </span><span style=\"display:inherit;clear:left;\">biomass treatment plants for the production of </span><span style=\"display:inherit;clear:left;\">biomethane and related services, goodwill of \u20ac35 million </span><span style=\"display:inherit;clear:left;\">was allocated; </span><span style=\"display:inherit;clear:left;\">16</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>for the Biomethane Waste CGU</span><span style=\"display:inherit;clear:left;\">, consisting of the </span><span style=\"display:inherit;clear:left;\">FORSU treatment plants with reference to which, at </span><span style=\"display:inherit;clear:left;\">31 December 2023, there was no outstanding goodwill </span><span style=\"display:inherit;clear:left;\">allocated against the impairment charges made;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>for the energy efficiency business, by the Energy </span><span style=\"display:inherit;clear:left;\">Efficiency CGU grouping, consisting of the TEP Energy </span><span style=\"display:inherit;clear:left;\">Solution, Renovit Public Solutions and Evolve CGUs, </span><span style=\"display:inherit;clear:left;\">as well as the sub-holding Renovit, to which goodwill </span><span style=\"display:inherit;clear:left;\">totalling \u20ac19 million was allocated; this is due to the </span><span style=\"display:inherit;clear:left;\">strong vertical integration between the companies </span><span style=\"display:inherit;clear:left;\">in the management of know-how and technologies, </span><span style=\"display:inherit;clear:left;\">which allows for the creation of important synergies in </span><span style=\"display:inherit;clear:left;\">presenting a unified offer to the market. </span><span style=\"display:inherit;clear:left;\">14 <span class=\"_ _94\"> </span>Pursuant to paragraph 12 of IAS 36.</span><span style=\"display:inherit;clear:left;\">15 <span class=\"_ _94\"> </span>The Biomethane Agri CGU at 31 December 2023 consisted of 32 </span><span style=\"display:inherit;clear:left;\">companies. With respect to the perimeter of the CGU at 31.12.2022, for </span><span style=\"display:inherit;clear:left;\">the purposes of the Consolidated Financial Statements at 31.12.2023, </span><span style=\"display:inherit;clear:left;\">this perimeter does not include Societ\u00e0 Agricola Ariano Biometano </span><span style=\"display:inherit;clear:left;\">S.r.l., due to the sale finalised in October 2023, while it includes the 8 </span><span style=\"display:inherit;clear:left;\">companies acquired during 2023 1) Agriwatt Castel Goffredo Societ\u00e0 </span><span style=\"display:inherit;clear:left;\">Agricola a r<span class=\"_ _c\"></span>.l., 2) Soragna Agroenergie Societ\u00e0 Agricola S.r.l., 3) Zibello </span><span style=\"display:inherit;clear:left;\">Agroenergie Societ\u00e0 Agricola S.r.l., 4) Bietifin S.r<span class=\"_ _1\"></span>.l., 5) Moglia Energia </span><span style=\"display:inherit;clear:left;\">Societ\u00e0 Agricola a r<span class=\"_ _c\"></span>.l., 6) MST S.r.l., 7) Societ\u00e0 Agricola Agrimetano Ro </span><span style=\"display:inherit;clear:left;\">S.r.l., 8) Societ\u00e0 Agricola P<span class=\"_ _c\"></span>ozzonovo S.r<span class=\"_ _c\"></span>.l.</span><span style=\"display:inherit;clear:left;\">16 <span class=\"_ _94\"> </span>The Biomethane Waste CGU also includes the two companies of the </span><span style=\"display:inherit;clear:left;\">Waste business acquired in 2023 - CH4 Energy S.r<span class=\"_ _c\"></span>.l. and Biowaste CH4 </span><span style=\"display:inherit;clear:left;\">Legnano S.r.l..</span><span style=\"display:inherit;clear:left;\">With the exception of disclosure in Note 10<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">\"Investments\", the impairment test was performed on<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">the basis of a similar CGU set<span class=\"_ _c\"></span>-up compared to last year<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">The recoverable amount of the Greenture CGU was<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">determined, as the value in use, based on the cash </span><span style=\"display:inherit;clear:left;\">flows of the company's plans using the Discounted </span><span style=\"display:inherit;clear:left;\">Cash Flow (DCF) Method. In consideration of the </span><span style=\"display:inherit;clear:left;\">business development phase, and in view of the planned </span><span style=\"display:inherit;clear:left;\">investment plan, the cash flows were determined </span><span style=\"display:inherit;clear:left;\">considering a longer horizon than the forecast data of<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">the 2024-2027 Plan, in order to be able to consider all </span><span style=\"display:inherit;clear:left;\">the effects that may significantly affect these flows. For </span><span style=\"display:inherit;clear:left;\">the discounting of cash flows, the Weighted Average<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">Cost of Capital (WACC) was used. The T<span class=\"_ _1\"></span>erminal Value<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">was calculated using the perpetuity method, applying a </span><span style=\"display:inherit;clear:left;\">growth rate substantially in line with market evidence for<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">the expected long-term inflation rate for the reference </span><span style=\"display:inherit;clear:left;\">area, based on values provided by the International </span><span style=\"display:inherit;clear:left;\">Monetary Fund (IMF).</span><span style=\"display:inherit;clear:left;\">With reference to the biomethane business, the </span><span style=\"display:inherit;clear:left;\">recoverable value of the two CGUs identified,<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">Biomethane Agri CGU and Biomethane Waste C<span class=\"_ _c\"></span>GU, was<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">determined, as the value in use, based on the Discounted </span><span style=\"display:inherit;clear:left;\">Cash Flow (DCF) Method, using the 2024-2027 Plan </span><span style=\"display:inherit;clear:left;\">approved by the Board. For both CGUs, the cash flows<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">were determined considering a longer time horizon<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">than the forecast data of the 2024-2027 Plan approved </span><span style=\"display:inherit;clear:left;\">by the Board, in order to be able to consider all the </span><span style=\"display:inherit;clear:left;\">effects that may significantly affect the cash flows. For </span><span style=\"display:inherit;clear:left;\">the discounting of cash flows, the Weighted Average<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">Cost of Capital (WACC) was used. The terminal value<span class=\"_ _1\"></span> </span><span style=\"display:inherit;clear:left;\">was calculated using the perpetuity method, applying a </span><span style=\"display:inherit;clear:left;\">growth rate no higher than the market evidence for the<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">expected inflation rate in the long term, based on values </span><span style=\"display:inherit;clear:left;\">provided by the IMF<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">With regard to the Energy Efficiency business, the </span><span style=\"display:inherit;clear:left;\">recoverable amount of the Energy Efficiency CGU </span><span style=\"display:inherit;clear:left;\">grouping was determined, as the value in use, based on </span><span style=\"display:inherit;clear:left;\">the Discounted Cash Flow (DCF) Method. The cash flows </span><span style=\"display:inherit;clear:left;\">were determined considering a broader time horizon than </span><span style=\"display:inherit;clear:left;\">the forecast data of the 2024-2027 Plan approved by the </span><span style=\"display:inherit;clear:left;\">Board, in order to be able to consider all the effects that </span><span style=\"display:inherit;clear:left;\">may significantly affect cash flows. For the discounting of </span><span style=\"display:inherit;clear:left;\">cash flows, the Weighted Average Cost of Capital (W<span class=\"_ _c\"></span>ACC) </span><span style=\"display:inherit;clear:left;\">was used. The terminal value was calculated using the </span><span style=\"display:inherit;clear:left;\">perpetuity method, applying a growth rate in line with </span><span style=\"display:inherit;clear:left;\">market evidence for the expected inflation rate in the </span><span style=\"display:inherit;clear:left;\">long term, based on values provided by the IMF<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">With reference to the T<span class=\"_ _c\"></span>ransportation (Snam Rete Gas), </span><span style=\"display:inherit;clear:left;\">Regasification (FSRU Piombino and LNG) and Storage </span><span style=\"display:inherit;clear:left;\">(Stogit) CGUs, the recoverable value was defined as </span><span style=\"display:inherit;clear:left;\">corresponding to the estimated value of the Net Invested </span><span style=\"display:inherit;clear:left;\">Capital recognised to these assets for tariff purposes </span><span style=\"display:inherit;clear:left;\">(R<span class=\"_ _0\"></span>AB - Regulatory A<span class=\"_ _0\"></span>sset Base) by ARERA<span class=\"_ _0\"></span>, the energy </span><span style=\"display:inherit;clear:left;\">regulator<span class=\"_ _1\"></span>, including fixed assets valued using the revalued </span><span style=\"display:inherit;clear:left;\">historical cost method, lump-sum net working capital, </span><span style=\"display:inherit;clear:left;\">net of adjustment items, including employee severance </span><span style=\"display:inherit;clear:left;\">indemnity, the provision for decommissioning where </span><span style=\"display:inherit;clear:left;\">applicable, and grants received. The R<span class=\"_ _0\"></span>AB is also the basis </span><span style=\"display:inherit;clear:left;\">for determining the service charges and, therefore, the </span><span style=\"display:inherit;clear:left;\">cash flows generated by the activities.</span><span style=\"display:inherit;clear:left;\">With regard to the ITG CGU<span class=\"_ _1\"></span>, the recoverable amount of </span><span style=\"display:inherit;clear:left;\">this CGU was determined, as the value in use, based on </span><span style=\"display:inherit;clear:left;\">the Discounted Cash Flow (DCF) Method, using the 2024-</span><span style=\"display:inherit;clear:left;\">2027 Plan approved by the Board. The T<span class=\"_ _1\"></span>erminal Value, </span><span style=\"display:inherit;clear:left;\">consistent with the practice in the energy infrastructure </span><span style=\"display:inherit;clear:left;\">sector<span class=\"_ _1\"></span>, was estimated as the disposal value at the end </span><span style=\"display:inherit;clear:left;\">of the plan time horizon, assuming the recognition of a </span><span style=\"display:inherit;clear:left;\">premium in line with the market evidence examined at 31 </span><span style=\"display:inherit;clear:left;\">December 2023. </span><span style=\"display:inherit;clear:left;\">For CGUs where the value in use is determined through </span><span style=\"display:inherit;clear:left;\">the Discounted Cash Flow method, the reference </span><span style=\"display:inherit;clear:left;\">discount rate is the Weighted Average Cost of Capital<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">(WACC), corresponding to the weighted average cost of<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">capital, determined, consistently with applicable doctrine </span><span style=\"display:inherit;clear:left;\">and prevailing methodological practices, based on the </span><span style=\"display:inherit;clear:left;\">following main assumptions:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">Risk Free Rate: the 10-year sovereign bond, issued by </span></span><span style=\"display:inherit;clear:left;\">the reference country in which the assets belonging </span><span style=\"display:inherit;clear:left;\">to the CGU (or the CGU grouping) operate, is used to<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">determine the risk-free rate;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">Equity Risk Premium: the equity risk premium </span></span><span style=\"display:inherit;clear:left;\">is determined by Snam on the basis of the main </span><span style=\"display:inherit;clear:left;\">authoritative external industry sources;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">Beta Unlevered: this is calculated as the average </span></span><span style=\"display:inherit;clear:left;\">figure taken from the panel of identified comparable </span><span style=\"display:inherit;clear:left;\">companies specifically selected for each CGU;<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">D/E: the debt<span class=\"_ _1\"></span>-to-equity ratio is determined as an </span></span><span style=\"display:inherit;clear:left;\">average parameter taken from the panel of comparable </span><span style=\"display:inherit;clear:left;\">companies referred to each CGU, ex<span class=\"_ _c\"></span>cept where, in the </span><span style=\"display:inherit;clear:left;\">absence of current or planned financial payables, zero </span><span style=\"display:inherit;clear:left;\">leverage is used;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">Beta Relevered: this is calculated from the Beta </span></span><span style=\"display:inherit;clear:left;\">Unlevered using Hamada's formula, which tak<span class=\"_ _c\"></span>es into </span><span style=\"display:inherit;clear:left;\">account the tax effect, and the average D/E of the panel<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">of comparable companies considered; </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">Reference Rate for the cost of debt: this is calculated </span></span><span style=\"display:inherit;clear:left;\">as the average of the swap rates of 10-year euro-</span><span style=\"display:inherit;clear:left;\">denominated instruments;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">Credit Spread: this is determined as the average </span></span><span style=\"display:inherit;clear:left;\">parameter taken from the panel of comparable </span><span style=\"display:inherit;clear:left;\">companies specifically selected for each CGU.<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">Additional risks are also appied (Specific Risk Premium)<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">aimed at reflecting, where applicable, within each </span><span style=\"display:inherit;clear:left;\">discount rate, specific considerations related to aspects </span><span style=\"display:inherit;clear:left;\">characterising a CGU (or grouping of CGUs<span class=\"_ _c\"></span>) such as, for </span><span style=\"display:inherit;clear:left;\">example, business risks or risks related to the stage of </span><span style=\"display:inherit;clear:left;\">development of the activities performed.</span><span style=\"display:inherit;clear:left;\">The Snam methodology requires these values to be </span><span style=\"display:inherit;clear:left;\">updated annually. At 31 December 2023, the WAC<span class=\"_ _c\"></span>Cs </span><span style=\"display:inherit;clear:left;\">estimated by the Snam group and used in the impairment </span><span style=\"display:inherit;clear:left;\">tests were between 5.5% and 12.3% (between 5.57% and </span><span style=\"display:inherit;clear:left;\">8.97% for the year 2022).</span><span style=\"display:inherit;clear:left;\">For all CGUs and groupings of CGUs, the recoverable value<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">as depicted above was higher than their net book value, </span><span style=\"display:inherit;clear:left;\">including related goodwill, except for the Biomethane </span><span style=\"display:inherit;clear:left;\">Waste CGU<span class=\"_ _1\"></span>. </span><span style=\"display:inherit;clear:left;\">In particular<span class=\"_ _1\"></span>, as of 31 December 2023, the forecasts </span><span style=\"display:inherit;clear:left;\">relating to the business of managing OFMSW treatment </span><span style=\"display:inherit;clear:left;\">plants were affected by the combined effect of the </span><span style=\"display:inherit;clear:left;\">following phenomena: (i) the market dynamics of </span><span style=\"display:inherit;clear:left;\">OFMSW which negatively impacted the forecast of the </span><span style=\"display:inherit;clear:left;\">contribution tariffs developed by the Company, as well as<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">(ii) the increase in operating costs, mainly including waste </span><span style=\"display:inherit;clear:left;\">disposal costs.</span><span style=\"display:inherit;clear:left;\">A comparison between the recoverable amount and </span><span style=\"display:inherit;clear:left;\">the book value of the Biomethane Waste CGU showed a<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">difference in value of \u20ac135 million, which led to the full </span><span style=\"display:inherit;clear:left;\">write-down of goodwill, amounting to approximately </span><span style=\"display:inherit;clear:left;\">\u20ac40 million, as well as of a part of property, plant and </span><span style=\"display:inherit;clear:left;\">equipment and intangible assets for the remaining </span><span style=\"display:inherit;clear:left;\">amount of around \u20ac95 million.</span><span style=\"display:inherit;clear:left;\">As required by IA<span class=\"_ _0\"></span>S 36, the CGUs subject to impairment </span><span style=\"display:inherit;clear:left;\">testing, whose recoverable value was determined by </span><span style=\"display:inherit;clear:left;\">discounting the expected cash flows from the use of the </span><span style=\"display:inherit;clear:left;\">asset (as well as from its sale at the end of its useful life </span><span style=\"display:inherit;clear:left;\">in some cases), were subjected to a sensitivity analysis </span><span style=\"display:inherit;clear:left;\">of the recoverable value, in the worst<span class=\"_ _c\"></span>-case scenario that </span><span style=\"display:inherit;clear:left;\">envisages a 0.5 percentage point increase in the discount </span><span style=\"display:inherit;clear:left;\">rate applied during the impairment test. This sensitivity </span><span style=\"display:inherit;clear:left;\">analysis did not highlight significant negative differences </span><span style=\"display:inherit;clear:left;\"><span><span style=\"display:inherit;clear:left;\">in value.</span></span> </span><span style=\"display:inherit;clear:left;\">10) <span class=\"_ _35\"> </span>Investments accounted for using the equity method </span><span style=\"display:inherit;clear:left;position:relative;height:538.505859375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">SeaCorridor S.r</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.l.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 521.426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">648</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">er\u00e9ga Holding S.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.S. </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 478.219px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">398</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">430</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rans Austria Gasleitung GmbH (T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AG)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 395.456px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">274</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">228</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 719.051px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">AS Gasinfrastruktur Beteiligung GmbH</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 394.166px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">93</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">112</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 719.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">OL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.5969px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T - Offshore LNG T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">oscana S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 418.695px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">32</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">33</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 573.919px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 97.7227px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal equity investments in companies under joint control</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 286.418px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">797</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,452</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 719.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rans Adriatic Pipeline A.G. (T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AP)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 418.695px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">450</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">404</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 237.42px; width: 718.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Industrie De Nora S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 467.017px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">402</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">376</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 263.732px; width: 719.162px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Italgas S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 526.894px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">285</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">313</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.045px; width: 719.08px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Senfluga Energy Infrastructure Holdings S.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 351.861px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">168</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">207</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 316.373px; width: 718.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Galaxy Pipeline Assets HoldCo Limited </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 392.351px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">70</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">131</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 342.686px; width: 718.863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Interconnect</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">or Limited</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 478.219px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">84</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">68</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 368.998px; width: 718.805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">East Mediterranean Gas Compan</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 420.311px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">45</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">49</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 395.311px; width: 718.887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">dCarbonX Limited</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 512.04px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 421.623px; width: 718.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 573.919px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 97.7227px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 447.951px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal equity investments in associates</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 381.855px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,511</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,566</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 474.264px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 572.43px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 500.576px; width: 718.986px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal equity investments in subsidiaries</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 397.47px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 526.889px; width: 718.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL INVESTMENTS A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">CC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OUNTED FOR USING THE E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">QUIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Y METHOD</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 201.504px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,313</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,019</span></span></span><span style=\"display:inherit;clear:left;\">The change during the year is shown in the table below. </span><span style=\"display:inherit;clear:left;position:relative;height:554.04296875px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 372.984px; top: 0.0078125px; width: 38.3906px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 477.359px; top: 6.75781px; width: 39.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 579.969px; top: 6.75781px; width: 39.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 327.938px; top: 13.5078px; width: 83.5605px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">investments in </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 20.2578px; width: 85.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 430.391px; top: 20.2578px; width: 87.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">investments in </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 532.172px; top: 20.2578px; width: 87.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">investments in </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 688.844px; top: 20.2578px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 315.203px; top: 27.0078px; width: 96.2578px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">companies under </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 454.672px; top: 33.7578px; width: 59.8242px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">associates</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 531.016px; top: 33.7578px; width: 85.5879px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">subsidiaries (*)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 340.172px; top: 40.5078px; width: 67.7051px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">joint contr</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ol</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 67.3887px; width: 718.729px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at 01.01.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 256.301px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,063</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.5918px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,488</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,560</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.7168px; width: 719.227px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Acquisitions and subscriptions</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 344.103px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.508px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">5</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 120.029px; width: 719.016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Disposals and redemptions</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 346.67px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(86)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 182.455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(86)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 146.342px; width: 718.717px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Dividends received</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 284.279px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(15)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 85.1659px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(92)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 175.078px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(107)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 172.654px; width: 225.797px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Effect of accounting using the equity method</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.982px; width: 719.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Amount recogniz</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ed through profit and loss</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 147.41px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">107</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.0352px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">37</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 183.668px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">144</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 225.295px; width: 718.811px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Amount recogniz</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ed through comprehensive income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 107.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">16</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 85.7168px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">114</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 183.668px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">130</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 251.607px; width: 718.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Writebacks/(W</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rite-downs)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 238.494px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(365)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.7267px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.2772px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(336)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 277.92px; width: 718.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 311.59px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.7267px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 304.232px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 266.361px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">797</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.5918px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,511</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,313</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 330.561px; width: 718.617px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Acquisitions and subscriptions</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 224.473px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">411</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">421</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 356.873px; width: 718.869px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Disposals and redemptions</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 237.428px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (87)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (83)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.1739px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (170)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 383.186px; width: 718.611px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Dividends received</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 285.826px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (23)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.5918px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (176)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (199)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 409.498px; width: 715.951px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Effect of accounting using the equity method</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 156.527px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 435.826px; width: 718.986px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Amount recogniz</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ed through profit and loss</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 154.131px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">83</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">328</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">410</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 462.139px; width: 718.828px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Amount recogniz</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ed through comprehensive income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.9142px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (12)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (38)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (50)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 488.451px; width: 718.857px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 305.783px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">283</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 85.1659px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">294</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 514.764px; width: 718.729px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 256.301px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,452</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.5918px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,566</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,019</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 545.051px; width: 366.193px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff7b; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)  Equity investments refer to unconsolidated subsidiaries valued using the equity method.</span></span></span><span style=\"display:inherit;clear:left;\">Purchases and subscriptions (\u20ac421 million) mainly relate to the acquisition from Eni of a 49.9% stak<span class=\"_ _c\"></span>e in SeaCorridor S.r.l. </span><span style=\"display:inherit;clear:left;\">(\u20ac410 million), a company that holds stak<span class=\"_ _c\"></span>es in the companies operating the TTPC and TMPC pipelines.</span><span style=\"display:inherit;clear:left;\">Disposals and redemptions (\u20ac170 million) mainly relate to the sale of shares in Industrie De Nora S.p.A<span class=\"_ _0\"></span>. (\u20ac68 million), a </span><span style=\"display:inherit;clear:left;\">transaction after which Snam holds 21.59% of the company's share capital (25.79% prior to the sale) and the repayment of </span><span style=\"display:inherit;clear:left;\">capital reserves by SeaCorridor S<span class=\"_ _0\"></span>.r<span class=\"_ _c\"></span>.l. (\u20ac87 million).</span><span style=\"display:inherit;clear:left;\">The dividends received (\u20ac199 million) mainly refer to the company under joint control T<span class=\"_ _1\"></span>er\u00e9ga (\u20ac15 million) and </span><span style=\"display:inherit;clear:left;\">the associated companies T<span class=\"_ _1\"></span>AP (\u20ac72 million), Italgas (\u20ac35 million), Galaxy Pipeline Assets HoldCo (\u20ac29 million) and </span><span style=\"display:inherit;clear:left;\">Interconnector Limited (\u20ac27 million).</span><span style=\"display:inherit;clear:left;\">The effect of accounting using the equity method recognised in the income statement (\u20ac410 million) relates to the portion </span><span style=\"display:inherit;clear:left;\">of the companies' net results for the period, resulting from positive results totalling \u20ac458 million and negative results </span><span style=\"display:inherit;clear:left;\">totalling \u20ac48 million.</span><span style=\"display:inherit;clear:left;\">The effect of accounting using the equity method recognised in the statement of comprehensive income (- \u20ac50 million) </span><span style=\"display:inherit;clear:left;\">is mainly attributable to the change in the fair value of hedging derivatives of the companies T<span class=\"_ _1\"></span>er\u00e9ga and OL<span class=\"_ _1\"></span>T under joint </span><span style=\"display:inherit;clear:left;\">control and the associated companies T<span class=\"_ _1\"></span>AP and Senfluga.</span><span style=\"display:inherit;clear:left;\">Other changes (\u20ac294 million) mainly refer to the estimated earn-outs provided for under contractual agreements signed </span><span style=\"display:inherit;clear:left;\">for the acquisition of equity investments.</span><span style=\"display:inherit;clear:left;\">The macroeconomic landscape over the past year has </span><span style=\"display:inherit;clear:left;\">been characterized by a substantial inflationary trend. In </span><span style=\"display:inherit;clear:left;\">response to this, major central banks, including the ECB, </span><span style=\"display:inherit;clear:left;\">have implemented significant and recurrent raises of </span><span style=\"display:inherit;clear:left;\">their respective benchmark interest rates. Therefore at </span><span style=\"display:inherit;clear:left;\">31 December 2023, Snam conducted impairment tests on </span><span style=\"display:inherit;clear:left;\">all the primary Cash Generating Units (CGUs), represented </span><span style=\"display:inherit;clear:left;\">by the equity investments held in companies under joint </span><span style=\"display:inherit;clear:left;\">control and associated companies. This was done to </span><span style=\"display:inherit;clear:left;\">verify their recoverability by comparing their book value </span><span style=\"display:inherit;clear:left;\">with their recoverable value, which is represented by the </span><span style=\"display:inherit;clear:left;\">higher of the two between fair value and value in use. The </span><span style=\"display:inherit;clear:left;\">scope of the CGUs represented by the equity investments </span><span style=\"display:inherit;clear:left;\">held in companies under joint control and associates is </span><span style=\"display:inherit;clear:left;\">unchanged from 31 December 2022, with the exception </span><span style=\"display:inherit;clear:left;\">of the SeaCorridor CGU, which is present in relation to the </span><span style=\"display:inherit;clear:left;\">acquisition of 49.9% of the company's capital, completed </span><span style=\"display:inherit;clear:left;\">by Snam in January 2023.</span><span style=\"display:inherit;clear:left;\">In particular<span class=\"_ _1\"></span>, for carr<span class=\"_ _0\"></span>ying out the impairment test, </span><span style=\"display:inherit;clear:left;\">the recoverable value of the equity investments was </span><span style=\"display:inherit;clear:left;\">determined in the configuration of value in use on the </span><span style=\"display:inherit;clear:left;\">basis of the Dividend Discount Model (DDM) or Discounted </span><span style=\"display:inherit;clear:left;\">Cash Flow (DCF) methodology, with the exception of </span><span style=\"display:inherit;clear:left;\">equity in Italgas S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. and Industrie De Nora S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>., </span><span style=\"display:inherit;clear:left;\">associated companies, for which the recoverable value </span><span style=\"display:inherit;clear:left;\">was determined on the basis of market quotations at the </span><span style=\"display:inherit;clear:left;\">closing date of the financial year<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">All tests did not lead to the detection of write-downs/</span><span style=\"display:inherit;clear:left;\">recoveries of value.</span><span style=\"display:inherit;clear:left;\">At 31 December 2023, the Snam group estimated discount </span><span style=\"display:inherit;clear:left;\">rates used in the preparation of impairment tests ranging </span><span style=\"display:inherit;clear:left;\">from 5.96% and 9.14% for the CGUs measured using the </span><span style=\"display:inherit;clear:left;\">DDM (between 5.75% and 8.24% for the year 2022), and </span><span style=\"display:inherit;clear:left;\">between 5.5% and 12.3% for CGUs measured using the DCF </span><span style=\"display:inherit;clear:left;\">method (between 4.97% and 8.44% for the year 2022). </span><span style=\"display:inherit;clear:left;\">With reference to the equity investments held in the </span><span style=\"display:inherit;clear:left;\">Austrian companies T<span class=\"_ _1\"></span>AG and GC<span class=\"_ _0\"></span>A, the current scenario is </span><span style=\"display:inherit;clear:left;\">still characterised by significant uncertainties related not </span><span style=\"display:inherit;clear:left;\">only to the duration and outcome of the Russia-Ukraine </span><span style=\"display:inherit;clear:left;\">conflict, but also to the process of defining the new </span><span style=\"display:inherit;clear:left;\">regulatory framework applicable from 2025.  </span><span style=\"display:inherit;clear:left;\">With regard to the stake held by Snam S.p.A<span class=\"_ _0\"></span>. (84.47%) in </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>AG, the company owning the pipeline that transports </span><span style=\"display:inherit;clear:left;\">Russian gas to Italy, through Austria, via Ukraine, Slovakia </span><span style=\"display:inherit;clear:left;\">and up to the entry point in Tarvisio, the trend already </span><span style=\"display:inherit;clear:left;\">recorded in 2022, i.e. a significant reduction in Russian </span><span style=\"display:inherit;clear:left;\">gas supplies, was confirmed. During 2023, less significant </span><span style=\"display:inherit;clear:left;\">impacts were reported with regard to GCA<span class=\"_ _0\"></span>, also due </span><span style=\"display:inherit;clear:left;\">to existing long-term transport capacity contracts with </span><span style=\"display:inherit;clear:left;\">gradual expiry dates up to 2031; during the year, the </span><span style=\"display:inherit;clear:left;\">company used its interconnection points with Germany to </span><span style=\"display:inherit;clear:left;\">ensure the security of supply in Austria and, at the same </span><span style=\"display:inherit;clear:left;\">time, to guarantee reaching the filling target for domestic </span><span style=\"display:inherit;clear:left;\">storage. </span><span style=\"display:inherit;clear:left;\">As a result of the changed context indicated above, also </span><span style=\"display:inherit;clear:left;\">for the purposes of the Consolidated Financial Statements </span><span style=\"display:inherit;clear:left;\">at 31 December 2022, Snam wrote-down the investments </span><span style=\"display:inherit;clear:left;\">17</span><span style=\"display:inherit;clear:left;\">18</span><span style=\"display:inherit;clear:left;\"> and GCA</span><span style=\"display:inherit;clear:left;\">held in the Austrian companies T<span class=\"_ _1\"></span>AG</span><span style=\"display:inherit;clear:left;\">, for \u20ac340 </span><span style=\"display:inherit;clear:left;\">million and \u20ac25 million, respectively. </span><span style=\"display:inherit;clear:left;\">At present, both investee companies are actively </span><span style=\"display:inherit;clear:left;\">continuing their interaction with the Austrian Regulatory </span><span style=\"display:inherit;clear:left;\">Authority, which started in 2023, regarding the definition </span><span style=\"display:inherit;clear:left;\">of the new regulatory framework, which is expected to be </span><span style=\"display:inherit;clear:left;\">finalised by the end of the first half of 2024; although the </span><span style=\"display:inherit;clear:left;\">regulator has been open to eliminating so-called volume </span><span style=\"display:inherit;clear:left;\">risk, there is still a high degree of uncertainty regarding </span><span style=\"display:inherit;clear:left;\">the rules and parameters under which companies will be </span><span style=\"display:inherit;clear:left;\">remunerated from 2025 onwards. In this scenario, the </span><span style=\"display:inherit;clear:left;\">forecasts used to estimate the recoverable amount at 31 </span><span style=\"display:inherit;clear:left;\">December 2023 were prepared.  </span><span style=\"display:inherit;clear:left;\">As a result, Snam, as soon as the new regulator<span class=\"_ _0\"></span>y </span><span style=\"display:inherit;clear:left;\">framework is finalised, with the consequent elimination </span><span style=\"display:inherit;clear:left;\">of the uncertainty surrounding the companies' future </span><span style=\"display:inherit;clear:left;\">remuneration levels, will update its assessments of the </span><span style=\"display:inherit;clear:left;\">recoverable value of the investments held in the Austrian </span><span style=\"display:inherit;clear:left;\">companies.</span><span style=\"display:inherit;clear:left;\">Regarding equity investments, no collateral has been </span><span style=\"display:inherit;clear:left;\">provided except as described in relation to the stake in<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">19</span><span style=\"display:inherit;clear:left;\">TA<span class=\"_ _0\"></span>P</span><span style=\"display:inherit;clear:left;\">. </span><span style=\"display:inherit;clear:left;\">Consolidated companies, companies jointly controlled </span><span style=\"display:inherit;clear:left;\">with other shareholders, associated companies and other </span><span style=\"display:inherit;clear:left;\">significant equity investments are separately listed in </span><span style=\"display:inherit;clear:left;\">the Annex to the notes to the consolidated financial </span><span style=\"display:inherit;clear:left;\">statements \"Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. equity investments at 31 </span><span style=\"display:inherit;clear:left;\">December 2023\", which is an integral part of these notes. </span><span style=\"display:inherit;clear:left;\">In accordance with the requirements of IFRS 12 </span><span style=\"display:inherit;clear:left;\">\"Disclosure of Interests in Other Entities\", the following is </span><span style=\"display:inherit;clear:left;\">a summary of the financial data of companies under joint </span><span style=\"display:inherit;clear:left;\">control and associated companies for the years ended 31 </span><span style=\"display:inherit;clear:left;\">December 2022 and 31 December 2023.</span><span style=\"display:inherit;clear:left;\">17 <span class=\"_ _94\"> </span>Given the significant uncertainties present, the recoverable amount of </span><span style=\"display:inherit;clear:left;\">the investment in T<span class=\"_ _c\"></span>AG, at 31 December 2022, was determined based </span><span style=\"display:inherit;clear:left;\">on a multi-scenario approach, attributing a probability of occurrence </span><span style=\"display:inherit;clear:left;\">to each of the scenarios considered and multiplying the value in use </span><span style=\"display:inherit;clear:left;\">emerging from each of the scenarios considered by the probability of </span><span style=\"display:inherit;clear:left;\">occurrence attributed to them.</span><span style=\"display:inherit;clear:left;\">18 <span class=\"_ _94\"> </span>The write-down concerned the investment held by Snam in AS </span><span style=\"display:inherit;clear:left;\">Gasinfrastruktur Beteiligung GmbH (a company through which it </span><span style=\"display:inherit;clear:left;\">indirectly holds an interest in GCA - Gas Connect Austria). </span><span style=\"display:inherit;clear:left;\">19 <span class=\"_ _94\"> </span>For further information, please refer to Note 26.1.1 \u201cGuarantee </span><span style=\"display:inherit;clear:left;\">provided on behalf of the associate T<span class=\"_ _c\"></span>AP\u201d.</span><span style=\"display:inherit;clear:left;\">10.1 <span class=\"_ _85\"> </span>Equity investments in companies under joint control</span><span style=\"display:inherit;clear:left;\">The economic and financial data for each company under joint control deemed significant, referring to the IFRS-compliant </span><span style=\"display:inherit;clear:left;\">20</span><span style=\"display:inherit;clear:left;\">financial statement values of the investee companies</span><span style=\"display:inherit;clear:left;\">, are reported below: </span><span style=\"display:inherit;clear:left;position:relative;height:869.88671875px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 516.234px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 381.078px; top: 26.3359px; width: 89.8359px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">er\u00e9ga Holding </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 506.812px; top: 26.3359px; width: 78.8203px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rans Austria </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 604.625px; top: 26.3359px; width: 117.27px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">AS Gasinfrastruktur </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 33.0859px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 435.266px; top: 39.8359px; width: 32.6016px; white-space: pre; word-spacing: -0.12px; letter-spacing: 0.12px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">S.A</span><span style=\"word-spacing: -0.12px; letter-spacing: 0.12px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.S.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 482.891px; top: 39.8359px; width: 99.4453px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Gasleitung GmbH</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 614.844px; top: 39.8359px; width: 104.232px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Beteiligung GmbH</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.7324px; width: 718.811px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 375.919px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">72</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.3301px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">124</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0449px; width: 718.629px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which cash and cash equivalents</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 264.738px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">72</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.227px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">53</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.357px; width: 719.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-current assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 335.103px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,051</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,095</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.139px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">571</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.67px; width: 721.77px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 371.83px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,123 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,219 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">573 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 171.998px; width: 718.811px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 346.67px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(135)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(135)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.459px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.311px; width: 718.922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which current financial liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 249.176px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(121)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.879px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(32)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.459px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 224.623px; width: 718.74px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-current liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 312.346px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2,008)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(396)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 108.023px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(276)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 250.936px; width: 719.057px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which non-current financial liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 216.24px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,704)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(261)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 114.656px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(33)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 277.248px; width: 719.197px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 347.397px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2,143)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 85.7168px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(531)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 108.023px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(279)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 303.576px; width: 721.828px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL NET ASSETS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 340.611px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">980 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.4239px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">688 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">294 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 329.889px; width: 719.145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity investment held b</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y Snam Group % (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.316px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40.50%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.1739px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">89.22%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40.00%</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 356.201px; width: 721.594px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal net assets attributable to the Snam Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 188.912px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">397 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.8926px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">614 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">118 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 382.514px; width: 470.654px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Goodwill and other adjustments of the Snam Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.951px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 408.842px; width: 718.951px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Reductions/increases in value</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 394.166px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(340)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 114.656px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(25)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 435.154px; width: 721.658px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">INVESTMENTS AC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">COUNTED FOR USING THE E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">QUIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Y METHOD</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 102.293px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">398 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.4239px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">274 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.467px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">93 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 461.467px; width: 585.621px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Operating revenues and income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 273.803px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">468 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.8926px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">447 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 487.779px; width: 582.557px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other operating costs and expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 243.92px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(170)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(286)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 514.092px; width: 582.902px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation and impairment losses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 244.857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(109)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.4864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(63)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 540.42px; width: 585.674px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Operating profit</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 355.365px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">189 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 98.5312px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">98 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 566.732px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 622.114px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 593.045px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 345.264px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(32)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.4864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(10)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.459px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(7)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 619.357px; width: 314.795px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Share of profit or loss of investments acc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ounted for using </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 704.828px; top: 626.123px; width: 14.5488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(4)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 632.857px; width: 101.285px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">the equity method</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 659.186px; width: 582.762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Income tax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 375.262px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(39)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.4864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(23)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 685.514px; width: 718.74px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">PROFIT FOR THE YEAR</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 320.719px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">118 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 98.5312px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">65 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 111.346px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(10)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 711.826px; width: 245.051px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other components of comprehensiv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e income</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 738.139px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OMPREHENSIVE INCOME ST</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TEMENT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 188.912px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">118 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 98.5312px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">65 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 111.346px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(10)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 764.451px; width: 719.145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity investment held b</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y Snam Group % (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.316px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40.50%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.1739px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">89.22%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40.00%</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 790.764px; width: 719.139px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal comprehensive income held by Snam</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 223.799px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">48 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 98.5312px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">58 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.086px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 817.092px; width: 320.631px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">SHARE OF TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL PR</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OFIT OF INVESTMENTS ACC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OUNTED </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 454.672px; top: 823.842px; width: 264.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">48 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 98.5312px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">58 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 118.365px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 830.592px; width: 186.996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FOR USING THE E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">QUIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Y METHOD</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 860.895px; width: 507.662px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)  The shareholding in Trans A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ustria Gasleitung GmbH is accounted for according t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o the percentage of economic rights held.</span></span></span><span style=\"display:inherit;clear:left;\">20 <span class=\"_ _94\"> </span>It should be noted that, unless otherwise indicated, the financial statement values of companies under joint control, reported at 100%, have been </span><span style=\"display:inherit;clear:left;\">supplemented to reflect the adjustments made by the parent company in application of the equity method valuation criterion. These figures refer to </span><span style=\"display:inherit;clear:left;\">preliminary and/or approved reporting packages.</span><span style=\"display:inherit;clear:left;position:relative;height:909.69921875px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 479.062px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 305.156px; top: 26.3359px; width: 89.8359px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">er\u00e9ga Holding </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 430.5px; top: 26.3359px; width: 78.8203px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rans Austria </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 519.953px; top: 26.3359px; width: 117.27px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">AS Gasinfrastruktur </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 652.422px; top: 26.3359px; width: 69.123px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">SeaCorridor </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 33.0703px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 359.281px; top: 39.8359px; width: 32.6016px; white-space: pre; word-spacing: -0.12px; letter-spacing: 0.12px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">S.A</span><span style=\"word-spacing: -0.12px; letter-spacing: 0.12px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.S.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 407.484px; top: 39.8359px; width: 99.4453px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Gasleitung GmbH</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 529.734px; top: 39.8359px; width: 104.232px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Beteiligung GmbH</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 695.812px; top: 39.8359px; width: 22.7344px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">S.r</span><span style=\"word-spacing: 0.24px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.l</span><span style=\"word-spacing: 0.24px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.7168px; width: 718.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 292.781px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">207</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 100.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">82</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 107.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">161</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">164</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0293px; width: 718.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which cash and cash equivalents</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 188.397px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">98</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.227px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">22</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.971px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">104</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.342px; width: 718.629px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-current assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 258.129px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,094</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 85.1659px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 107.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">392</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">547</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.67px; width: 721.723px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 295.072px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,301 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,106 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.846px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">553 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">711 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 171.982px; width: 718.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 269.602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(140)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.4864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(82)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(54)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.295px; width: 633.809px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which current financial liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 179.168px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(21)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 100.752px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 224.607px; width: 718.98px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-current liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 235.5px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2,100)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(387)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(271)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.9199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(16)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 250.92px; width: 633.961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which non-current financial liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 139.605px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,790)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(246)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.195px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(27)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 277.248px; width: 718.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 270.598px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2,254)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(469)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(274)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(70)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 303.561px; width: 721.764px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL NET ASSETS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 254.391px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,061 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.9259px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">637 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.402px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">279 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">641 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 329.873px; width: 718.945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity investment held b</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y Snam Group % (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40.50%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">89.22%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40.00%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">49.90%</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 356.186px; width: 721.682px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal net assets attributable to the Snam Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">430 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">568 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.402px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">112 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">320 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 382.514px; width: 721.729px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Goodwill and other adjustments of the Snam Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 419.49px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">328 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 408.826px; width: 506.572px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Reductions/increases in value</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 317.76px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(340)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 435.139px; width: 249.17px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">INVESTMENTS AC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">COUNTED FOR USING THE </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 371.031px; top: 441.889px; width: 350.408px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">430 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.4239px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">228 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.402px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">112 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">648 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 448.639px; width: 96.9141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">EQUITY METHOD</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 474.967px; width: 721.711px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Operating revenues and income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.508px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">474 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">410 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.773px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">456 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 501.279px; width: 719.115px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other operating costs and expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 167.42px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(175)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(407)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 191.742px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(41)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 527.592px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation and impairment losses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 168.322px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(111)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.4864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(64)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 191.291px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(23)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 553.92px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Operating profit</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 279.317px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">188 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.9531px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(61)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 192.129px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">392</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 580.232px; width: 718.98px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 409.384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 120.574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 606.545px; width: 718.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 269.074px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(29)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.7147px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(7)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.9199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(12)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 632.857px; width: 263.807px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Share of profit or loss of investments acc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ounted </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 620.953px; top: 639.623px; width: 98.6484px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">38</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 646.357px; width: 152.273px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for using the equity method</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 672.686px; width: 719.016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Income tax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 298.588px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(41)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.227px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">16</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 184.881px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(303)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 699.014px; width: 718.928px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">PROFIT FOR THE YEAR</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 244.453px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">118 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.9531px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(51)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.971px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">48</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">124</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 725.326px; width: 391.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other components of comprehensiv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 125.268px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(11)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 751.639px; width: 718.91px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OMPREHENSIVE INCOME ST</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TEMENT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 112.23px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">107 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.5509px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(51)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.971px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">48</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">124</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 777.951px; width: 718.945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity investment held b</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y Snam Group % (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40.50%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">89.22%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40.00%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">49.90%</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 804.264px; width: 722.039px; white-space: pre; word-spacing: 0px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal comprehensive income held by Snam</span><span style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: 0px; width: 161.543px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">43 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.5509px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(46)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.971px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">62 </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 830.592px; width: 719.309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other Snam Group adjustments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 532.95px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 856.904px; width: 245.859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">SHARE OF TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL PR</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OFIT OF INVESTMENTS </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 378.062px; top: 863.654px; width: 343.465px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">43 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.9531px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(46)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.971px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.4784px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">54 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 870.404px; width: 261.773px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">AC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">COUNTED FOR USING THE E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">QUIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Y METHOD</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 900.707px; width: 511.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)    The shareholding in Trans A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ustria Gasleitung GmbH is accounted for according t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o the percentage of economic rights held.</span></span></span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>er\u00e9ga Holding S.A.S.</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>er\u00e9ga Holding S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.S<span class=\"_ _0\"></span>. is a company operating under French </span><span style=\"display:inherit;clear:left;\">law which controls T<span class=\"_ _1\"></span>er\u00e9ga S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. and T<span class=\"_ _c\"></span>er\u00e9ga Solutions S.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.S<span class=\"_ _0\"></span>., </span><span style=\"display:inherit;clear:left;\">through T<span class=\"_ _1\"></span>er\u00e9ga S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.S<span class=\"_ _0\"></span>., wholly owned by T<span class=\"_ _c\"></span>er\u00e9ga Holding </span><span style=\"display:inherit;clear:left;\">S.A.S.</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>er\u00e9ga S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. is engaged in the transportation and storage </span><span style=\"display:inherit;clear:left;\">of natural gas in the South West of F<span class=\"_ _c\"></span>rance. Natural gas </span><span style=\"display:inherit;clear:left;\">transportation and storage activities in France are subject </span><span style=\"display:inherit;clear:left;\">to regulation.</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>er\u00e9ga Solutions S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.S<span class=\"_ _0\"></span>. is a company engaged in non-</span><span style=\"display:inherit;clear:left;\">regulated activities, with a focus on developing solutions </span><span style=\"display:inherit;clear:left;\">that facilitate the transition to renewable energy: </span><span style=\"display:inherit;clear:left;\">biomethane, hydrogen, multi-energy and digital.</span><span style=\"display:inherit;clear:left;\">As of 31 December 2023, T<span class=\"_ _c\"></span>er\u00e9ga Holding S.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.S<span class=\"_ _0\"></span>. was owned </span><span style=\"display:inherit;clear:left;\">by Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.   (40.5%), Raffles Infra Holdings Limited </span><span style=\"display:inherit;clear:left;\">(GIC) (31.5%), Ouestgaz S.A<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>S. (EDF) (18%), Pr\u00e9voyance </span><span style=\"display:inherit;clear:left;\">Dialogue du Cr\u00e9dit Agricole SA   (9%) and Cr\u00e9dit Agricole </span><span style=\"display:inherit;clear:left;\">Assurances Retraite SA (1%). </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>er\u00e9ga Holding S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.S<span class=\"_ _0\"></span>.\u2019s Consolidated Financial Statements </span><span style=\"display:inherit;clear:left;\">include T<span class=\"_ _1\"></span>er\u00e9ga Holding S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.S<span class=\"_ _0\"></span>., T<span class=\"_ _c\"></span>er\u00e9ga S.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.S<span class=\"_ _0\"></span>, T<span class=\"_ _1\"></span>er\u00e9ga S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. and </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>er\u00e9ga Solutions S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.S<span class=\"_ _0\"></span>.</span><span style=\"display:inherit;clear:left;\">Corporate governance regulations stipulate that decisions </span><span style=\"display:inherit;clear:left;\">on certain matters of significant interest to the company </span><span style=\"display:inherit;clear:left;\">require the affirmative vote of both Snam and GIC </span><span style=\"display:inherit;clear:left;\">shareholders.</span><span style=\"display:inherit;clear:left;\">The interest payment to shareholders on the nominal value </span><span style=\"display:inherit;clear:left;\">of the \u20ac470 million convertible debenture loan (of which </span><span style=\"display:inherit;clear:left;\">Snam has subscribed \u20ac190 million) can be deferred at the </span><span style=\"display:inherit;clear:left;\">discretion of the issuer<span class=\"_ _1\"></span>, Ter\u00e9ga S.A<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>S.</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>rans Austria Gasleitung Gmbh (T<span class=\"_ _11\"></span>AG) </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>rans Austria Gasleitung GmbH (T<span class=\"_ _c\"></span>AG) is a company </span><span style=\"display:inherit;clear:left;\">governed by Austrian law, specializing in the transportation </span><span style=\"display:inherit;clear:left;\">of natural gas. It owns the gas pipeline that connects the </span><span style=\"display:inherit;clear:left;\">Slovakian-Austrian border to the T<span class=\"_ _c\"></span>arvisio entr<span class=\"_ _0\"></span>y point in Italy.</span><span style=\"display:inherit;clear:left;\">Natural gas transportation in Austria is a regulated activity. </span><span style=\"display:inherit;clear:left;\">At 31 December 2023, Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. held 84.47% of the </span><span style=\"display:inherit;clear:left;\">share capital, entitling it to 89.22% of the economic rights. </span><span style=\"display:inherit;clear:left;\">The remainder of the share capital (15.53%) is held by Gas </span><span style=\"display:inherit;clear:left;\">Connect Austria GmbH (GCA).</span><span style=\"display:inherit;clear:left;\">The contractual agreements established between </span><span style=\"display:inherit;clear:left;\">Snam, T<span class=\"_ _1\"></span>AG and GC<span class=\"_ _0\"></span>A also dictate that, in certain specific </span><span style=\"display:inherit;clear:left;\">circumstances, if T<span class=\"_ _1\"></span>AG is unable to self-finance, the other </span><span style=\"display:inherit;clear:left;\">companies are obliged to provide financial support in </span><span style=\"display:inherit;clear:left;\">accordance with the proportion of equity investment held </span><span style=\"display:inherit;clear:left;\">by each shareholder<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">Corporate governance regulations stipulate that </span><span style=\"display:inherit;clear:left;\">decisions regarding certain significant activities must </span><span style=\"display:inherit;clear:left;\">be unanimously agreed upon by all members of the </span><span style=\"display:inherit;clear:left;\">Supervisor<span class=\"_ _0\"></span>y Board. This board comprises representatives </span><span style=\"display:inherit;clear:left;\">from Snam and GCA<span class=\"_ _0\"></span>, as well as employee representatives, </span><span style=\"display:inherit;clear:left;\">as mandated by Austrian law.</span><span style=\"display:inherit;clear:left;\">AS Gasinfrastruktur Beteiligung GmbH</span><span style=\"display:inherit;clear:left;\">AS Gasinfrastruktur Beteiligung GmbH is an Austrian firm </span><span style=\"display:inherit;clear:left;\">jointly controlled by Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. and the Allianz Group, </span><span style=\"display:inherit;clear:left;\">holding stakes of 40% and 60% respectively.</span><span style=\"display:inherit;clear:left;\">The company fully owns the Austrian firm, AS </span><span style=\"display:inherit;clear:left;\">Gasinfrastruktur GmbH, which itself holds a 49% stake in </span><span style=\"display:inherit;clear:left;\">Gas Connect Austria GmbH (GCA). The majority control of </span><span style=\"display:inherit;clear:left;\">GCA<span class=\"_ _0\"></span>, at 51%, is held by Verbund.</span><span style=\"display:inherit;clear:left;\">The corporate governance regulations of AS </span><span style=\"display:inherit;clear:left;\">Gasinfrastruktur Beteiligung GmbH dictate that decisions at </span><span style=\"display:inherit;clear:left;\">the management level must be made by a simple majority, </span><span style=\"display:inherit;clear:left;\">requiring the affirmative vote of a Managing Director from </span><span style=\"display:inherit;clear:left;\">both Snam and Allianz.</span><span style=\"display:inherit;clear:left;\">SeaCorridor S.r<span class=\"_ _1\"></span>.l.</span><span style=\"display:inherit;clear:left;\">SeaCorridor<span class=\"_ _1\"></span>, is the Italian joint venture established on 10 </span><span style=\"display:inherit;clear:left;\">January 2023 by Snam S<span class=\"_ _0\"></span>.p.<span class=\"_ _0\"></span>A and Eni, which hold 49.9% and </span><span style=\"display:inherit;clear:left;\">50.1% of the share capital respectively. </span><span style=\"display:inherit;clear:left;\">At 31 December 2023, Eni and Snam exercised joint </span><span style=\"display:inherit;clear:left;\">control over SeaCorridor<span class=\"_ _1\"></span>, based on the principles of equal </span><span style=\"display:inherit;clear:left;\">governance.</span><span style=\"display:inherit;clear:left;\">The operation has made it possible to synergistically </span><span style=\"display:inherit;clear:left;\">value respective competences on a strategic route for the </span><span style=\"display:inherit;clear:left;\">security of natural gas supply in Italy, favouring potential </span><span style=\"display:inherit;clear:left;\">development initiatives in the hydrogen value chain also </span><span style=\"display:inherit;clear:left;\">thanks to the natural resources of North Africa.</span><span style=\"display:inherit;clear:left;\">The company manages the two groups of international gas </span><span style=\"display:inherit;clear:left;\">pipelines that connect Algeria to Italy, in particular:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">the trans-<span class=\"_ _c\"></span>Tunisian onshore gas pipeline which extends<span class=\"_ _c\"></span> </span></span><span style=\"display:inherit;clear:left;\">from the border between Algeria and Tunisia to the<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">Tunisian coast with reference to which TTPC (a company </span><span style=\"display:inherit;clear:left;\">100% controlled by SeaCorridor) holds the exclusive </span><span style=\"display:inherit;clear:left;\">transport rights under contracts originally signed with </span><span style=\"display:inherit;clear:left;\">the Tunisian state in 1977 and renewed from time to<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">time);</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">the offshore gas pipeline that crosses the Sicily Channel </span></span><span style=\"display:inherit;clear:left;\">connecting the Tunisian coast to Italy<span class=\"_ _c\"></span>, whose ownership </span><span style=\"display:inherit;clear:left;\">is held by TMPC (a company jointly controlled by </span><span style=\"display:inherit;clear:left;\">SeaCorridor - which holds 50% - and the Algerian state </span><span style=\"display:inherit;clear:left;\">oil company Sonatrach).</span><span style=\"display:inherit;clear:left;\">10.2 <span class=\"_ _85\"> </span>Equity investments in associates</span><span style=\"display:inherit;clear:left;\">The economic and financial data for equity investments in associates deemed significant, referring to the IFRS-compliant </span><span style=\"display:inherit;clear:left;\">21</span><span style=\"display:inherit;clear:left;\">financial statement values of the investee companies</span><span style=\"display:inherit;clear:left;\">, are shown below:  </span><span style=\"display:inherit;clear:left;position:relative;height:803.740234375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 474.203px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 680.219px; top: 26.3359px; width: 41.9883px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Galax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 339.438px; top: 33.0703px; width: 33.9023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rans </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 502.281px; top: 33.0859px; width: 53.6309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Senfluga </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 671.938px; top: 39.8359px; width: 49.6699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Pipeline </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 324.906px; top: 46.5703px; width: 48.7441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Adriatic </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 513.141px; top: 46.5859px; width: 42.9844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 569.922px; top: 46.5859px; width: 88.3125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Interc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">onnector </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.3203px; width: 85.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 381.031px; top: 53.3359px; width: 73.6641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Italgas S.p</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 680.219px; top: 53.3359px; width: 41.332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assets </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 298.266px; top: 60.0703px; width: 75.5332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Pipeline A.G. </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 472.844px; top: 60.0859px; width: 84.2578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Infrastructure </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 613.141px; top: 60.0859px; width: 43.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Limited</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 676.938px; top: 66.8359px; width: 45.0762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">HoldCo </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 339.438px; top: 73.5703px; width: 30.4219px; white-space: pre; word-spacing: 0.984px; letter-spacing: -0.984px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(</span><span style=\"word-spacing: 0.984px; letter-spacing: -0.984px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TA</span><span style=\"word-spacing: 0.984px; letter-spacing: -0.984px; display: inline-block; margin-left: 0px; width: 0.884767px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">P</span><span style=\"word-spacing: 0.984px; letter-spacing: -0.984px; display: inline-block; margin-left: 0px; width: 0.884767px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 483.062px; top: 73.5859px; width: 72.9141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Holding S.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 675.391px; top: 80.3359px; width: 46.5059px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Limited </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 107.217px; width: 718.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.688px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">892</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,862</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">358</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">267</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">198</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 133.529px; width: 718.629px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-current assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 237.428px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,615</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,138</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">904</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">154</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5859px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7,208</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.842px; width: 718.934px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 275.719px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5,507</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11,000</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.9784px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,262</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">421</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5859px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7,406</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 186.17px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 248.326px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(546)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,421)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(256)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(152)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7324px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(47)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 212.482px; width: 718.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-current liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 214.647px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3,168)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(7,176)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(435)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(172)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.9863px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(6,827)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.795px; width: 719.191px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 250.933px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3,714)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,597)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(691)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(324)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.5117px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(6,874)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 265.107px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL NET ASSETS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 232.635px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,793</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,403</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">571</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">97</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">532</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 291.436px; width: 654.85px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to third parties</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 283.764px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">282</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 76.8517px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">259</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 317.748px; width: 719.033px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to the sharehol</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ders of the investee </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4531px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,793</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,121</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">312</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">96</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">532</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 344.061px; width: 718.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity investment held b</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y Snam Group % (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 108.404px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13.49%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">54%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23.68%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.6973px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12.327%</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 370.373px; width: 718.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal net assets attributable to the Snam Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">359</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">285</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">168</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">66</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 396.686px; width: 718.887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Goodwill and other adjustments of the Snam Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">91</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.688px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">86</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 423.014px; width: 655.178px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Reductions/increases in value</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 473.134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(25)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 449.326px; width: 249.17px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">INVESTMENTS AC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">COUNTED FOR USING THE </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 351.266px; top: 456.076px; width: 369.129px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">450</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">285</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">168</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">84</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">71</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 462.826px; width: 96.9141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">EQUITY METHOD</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 489.154px; width: 655.324px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Revenues</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 297.135px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">874</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,279</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">324</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">197</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 515.467px; width: 718.939px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Operating profit</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 260.918px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">653</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,117</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">121</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">104</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 541.779px; width: 719.191px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET RESUL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.5969px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 282.621px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">298</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">436</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.9591px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">82</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">83</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.5117px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,203)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 568.107px; width: 719.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other components of comprehensiv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.895px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">399</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">52</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.9591px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 145.94px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">174</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 594.42px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OMPREHENSIVE INCOME ST</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TEMENT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.9259px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">697</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">488</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">103</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">83</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.8262px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,029)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 620.732px; width: 552.908px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to third parties</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 290.303px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.9591px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">33</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 647.045px; width: 719.209px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to the sharehol</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ders of the investee </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.8926px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">697</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">461</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">70</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">83</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.4961px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,029)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 673.373px; width: 719.238px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OMPREHENSIVE INCOME OF THE GROUP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.621px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">697</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">488</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">103</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">83</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.5117px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,029)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 699.686px; width: 718.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity investment held b</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y Snam Group % (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 108.404px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13.49%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">54%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23.68%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.6973px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12.327%</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 725.998px; width: 718.852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal comprehensive income of the Snam Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.5252px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">139</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">61</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">38</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(127)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 752.311px; width: 655.184px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other Snam Group adjustments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 468.825px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(6)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 778.623px; width: 245.859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">SHARE OF TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL PR</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OFIT OF INVESTMENTS </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 351.266px; top: 785.389px; width: 369.082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">139</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">61</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">38</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(127)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 792.123px; width: 261.773px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">AC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">COUNTED FOR USING THE E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">QUIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Y METHOD</span></span></span><span style=\"display:inherit;clear:left;\">21 <span class=\"_ _94\"> </span>It should be noted that the financial statement values of associated companies, reported at 100%, have been adjusted to reflect the adjustments made </span><span style=\"display:inherit;clear:left;\">by the parent company in application of the equity method valuation criterion. These figures refer to preliminary and/or approved reporting packages.  </span><span style=\"display:inherit;clear:left;position:relative;height:964.16796875px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 463.234px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 632.172px; top: 26.3359px; width: 41.9883px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Galax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 293.328px; top: 33.0859px; width: 33.9023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rans </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 456.359px; top: 33.1016px; width: 53.6309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Senfluga </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 625.281px; top: 39.8359px; width: 49.6699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Pipeline </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 688.844px; top: 39.8359px; width: 54.7441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Industrie </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 277px; top: 46.5859px; width: 48.7441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Adriatic </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 467.219px; top: 46.6016px; width: 42.9844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 523.188px; top: 46.6016px; width: 88.3125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Interc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">onnector </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.3203px; width: 85.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 333.797px; top: 53.3359px; width: 73.6641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Italgas S.p</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 633.375px; top: 53.3359px; width: 41.332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assets </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 694.312px; top: 53.3359px; width: 49.6699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">De Nora </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 251.719px; top: 60.0859px; width: 75.5332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Pipeline A.G. </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 424.656px; top: 60.1016px; width: 84.2578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Infrastructure </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 564.625px; top: 60.1016px; width: 43.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Limited</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 629.859px; top: 66.8359px; width: 45.0762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">HoldCo </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 690.266px; top: 66.8359px; width: 49.5996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. (*)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 291.469px; top: 73.5859px; width: 30.4219px; white-space: pre; word-spacing: 0.984px; letter-spacing: -0.984px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(</span><span style=\"word-spacing: 0.984px; letter-spacing: -0.984px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TA</span><span style=\"word-spacing: 0.984px; letter-spacing: -0.984px; display: inline-block; margin-left: 0px; width: 0.884767px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">P</span><span style=\"word-spacing: 0.984px; letter-spacing: -0.984px; display: inline-block; margin-left: 0px; width: 0.884767px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 436.391px; top: 73.6016px; width: 72.9141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Holding S.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 628.453px; top: 80.3359px; width: 46.5059px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Limited </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 107.217px; width: 740.133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 224.473px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">643</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,243</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">403</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">226</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">193</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">688</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 133.545px; width: 740.221px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-current assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 190.559px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,314</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,903</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,064</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">132</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5859px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7,131</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">609</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.857px; width: 740.268px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 228.744px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,957</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11,146</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.9784px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,467</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">358</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.0938px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7,324</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,297</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 186.17px; width: 740.139px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 201.504px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(489)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,807)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(242)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(81)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(44)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1482px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(162)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 212.482px; width: 740.18px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-current liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 167.42px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2,905)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(6,700)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(558)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(239)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.9863px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(6,254)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1482px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(230)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.811px; width: 740.15px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.188px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3,394)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,507)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(800)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(320)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.5117px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(6,298)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(392)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 265.123px; width: 740.039px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL NET ASSETS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 186.223px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,563</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,639</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">667</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">38</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.0938px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,026</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">905</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 291.436px; width: 739.945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to third parties</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 236.754px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">319</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">284</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.822px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 317.748px; width: 177.24px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to the sharehol</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ders </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 293.328px; top: 324.514px; width: 446.525px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,563</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,320</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">383</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">37</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.125px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,026</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">899</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 331.248px; width: 86.0801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">  of the investee </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 357.576px; width: 739.928px; white-space: pre; word-spacing: 0px; letter-spacing: -0.12px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity investment held b</span><span style=\"word-spacing: 0px; letter-spacing: -0.12px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y Snam Group % (*)</span><span style=\"word-spacing: 0px; letter-spacing: -0.12px; display: inline-block; margin-left: 0px; width: 66.5918px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">20%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13.473%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.2772px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">54%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23.68%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 16.1016px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12.327%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.8828px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21.59%</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 383.889px; width: 224.801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal net assets attributable to the Snam </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 303.312px; top: 390.654px; width: 436.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">313</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">313</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">207</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">126</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">194</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 397.389px; width: 33.7324px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Group</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 423.717px; width: 177.146px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Goodwill and other adjustments </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 310.25px; top: 430.482px; width: 430.031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">91</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.688px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">84</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">182</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 437.217px; width: 102.018px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of the Snam Group</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 463.545px; width: 608.068px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Reductions/increases in value</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 426.022px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(25)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 489.873px; width: 223.764px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">INVESTMENTS AC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">COUNTED FOR USING </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 303.312px; top: 496.623px; width: 437.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">404</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">313</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">207</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">68</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">131</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">376</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 503.373px; width: 122.32px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">THE EQUITY METHOD</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 529.701px; width: 740.162px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Revenues</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 250.318px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">837</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,637</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">589</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">151</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 111.346px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">658</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 556.014px; width: 740.268px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Operating profit</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 214.125px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">501</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">681</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">212</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">76</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 118.365px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">97</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 582.326px; width: 739.863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET RESUL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.5969px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 236.145px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">329</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">464</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">152</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">55</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">776</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">199</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 608.639px; width: 205.424px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other components of comprehensiv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 296.266px; top: 615.404px; width: 444.486px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(122)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(16)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 76.377px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(13)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 144.703px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(42)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(16)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 622.139px; width: 39.627px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 648.467px; width: 191.514px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OMPREHENSIVE INCOME </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 303.312px; top: 655.232px; width: 437.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">207</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">448</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">139</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">55</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">734</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">183</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 661.967px; width: 67.6523px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">ST</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TEMENT</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 688.295px; width: 740.232px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to third parties</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 243.176px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">52</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 227.191px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 714.623px; width: 177.24px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to the sharehol</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ders </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 303.312px; top: 721.373px; width: 437.033px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">207</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">421</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.9591px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">87</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">55</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">734</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">182</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 728.123px; width: 86.0801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">  of the investee </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 754.451px; width: 235.711px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OMPREHENSIVE INCOME OF THE </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 303.312px; top: 761.201px; width: 437.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">207</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">448</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">139</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">55</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">734</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">183</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 767.951px; width: 41.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">GROUP</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 794.279px; width: 739.928px; white-space: pre; word-spacing: 0px; letter-spacing: -0.12px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity investment held b</span><span style=\"word-spacing: 0px; letter-spacing: -0.12px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y Snam Group % (*)</span><span style=\"word-spacing: 0px; letter-spacing: -0.12px; display: inline-block; margin-left: 0px; width: 66.5918px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">20%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13.473%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.2772px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">54%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23.68%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 16.1016px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12.327%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.8828px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21.59%</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 820.592px; width: 226.482px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal comprehensive income of the Snam </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 310.25px; top: 827.342px; width: 430.043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">41</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">57</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.9591px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">47</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">90</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 834.092px; width: 33.7324px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Group</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 860.42px; width: 608.309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other Snam Group adjustments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 421.95px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 886.732px; width: 143.279px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">SHARE OF TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL PR</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OFIT </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 900.232px; width: 177.791px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">OF INVESTMENTS AC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">COUNTED </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 310.25px; top: 900.232px; width: 430.207px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">41</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">57</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">47</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">90</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 913.732px; width: 186.996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FOR USING THE E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">QUIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Y METHOD</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 943.926px; width: 719.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)   The relevant economic</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-financial figures refer to the reporting package at 30 September 2023. The adjustment of the financial statement values at 31 December 2023 will be </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 16.4844px; top: 955.176px; width: 107.977px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">implemented during 2024.</span></span></span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>rans Adriatic <span class=\"_ _0\"></span>Pipeline A.G. <span class=\"_ _0\"></span>(T<span class=\"_ _1\"></span>AP) </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>rans Adriatic Pipeline A<span class=\"_ _0\"></span>.G. Trans Adriatic Pipeline A.G. </span><span style=\"display:inherit;clear:left;\">(T<span class=\"_ _c\"></span>AP) is a Swiss company established with the purpose of </span><span style=\"display:inherit;clear:left;\">designing, developing, constructing, and operating a gas </span><span style=\"display:inherit;clear:left;\">pipeline from the Greek-<span class=\"_ _1\"></span>Turkish border to Italy, specifically </span><span style=\"display:inherit;clear:left;\">to the entry point in San Foca-Melendugno, traversing </span><span style=\"display:inherit;clear:left;\">through Greece and Albania. The construction of the </span><span style=\"display:inherit;clear:left;\">pipeline has been successfully completed, and the asset has </span><span style=\"display:inherit;clear:left;\">been commercially operational since 15 November 2020.</span><span style=\"display:inherit;clear:left;\">At 31 December 2023, T<span class=\"_ _1\"></span>AP was owned by Snam </span><span style=\"display:inherit;clear:left;\">International B.<span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>. (20%), by AzTAP GmbH (20%), by BP </span><span style=\"display:inherit;clear:left;\">Pipelines T<span class=\"_ _1\"></span>AP Limited (20%), by Fluxys Europe B.<span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>. (20%) </span><span style=\"display:inherit;clear:left;\">and by Enag\u00e1s Internacional S.L<span class=\"_ _0\"></span>.U. (20%).</span><span style=\"display:inherit;clear:left;\">Under the existing corporate governance regulations, none </span><span style=\"display:inherit;clear:left;\">of T<span class=\"_ _1\"></span>AP\u2019s shareholders have the ability to exert control over </span><span style=\"display:inherit;clear:left;\">the company, even jointly<span class=\"_ _c\"></span>.</span><span style=\"display:inherit;clear:left;\">Italgas S.p.A. </span><span style=\"display:inherit;clear:left;\">Italgas S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. is an Italian company that controls 100% of </span><span style=\"display:inherit;clear:left;\">Italgas Reti S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>., 67.22% of Geoside S.r.l., 100% of Bludigit </span><span style=\"display:inherit;clear:left;\">S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>., 90% of Italgas Newco S.r.l. and 100% of Nepta </span><span style=\"display:inherit;clear:left;\">S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>., companies active in the distribution of natural gas </span><span style=\"display:inherit;clear:left;\">throughout Italy, energy efficiency, IT services and water </span><span style=\"display:inherit;clear:left;\">service management in five municipalities in Campania.</span><span style=\"display:inherit;clear:left;\">At 31 December 2023, Italgas S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. was owned by Snam </span><span style=\"display:inherit;clear:left;\">(13.47%) and by C.D.P<span class=\"_ _1\"></span>. Reti S.r<span class=\"_ _c\"></span>.l. (25.99%), while the </span><span style=\"display:inherit;clear:left;\">remainder was held by third-party shareholders.</span><span style=\"display:inherit;clear:left;\">On 7 November 2016, the effective date of the unbundling </span><span style=\"display:inherit;clear:left;\">from Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. of the natural gas distribution business, </span><span style=\"display:inherit;clear:left;\">the shareholders' agreement signed on 20 October </span><span style=\"display:inherit;clear:left;\">2016 between the Company, CDP Reti S.p.A<span class=\"_ _0\"></span>. and CDP </span><span style=\"display:inherit;clear:left;\">Gas S.r<span class=\"_ _c\"></span>.l., concerning all the shares held by each of them </span><span style=\"display:inherit;clear:left;\">in Italgas S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>., became effective.  Transfers of Snam<span class=\"_ _c\"></span>'s </span><span style=\"display:inherit;clear:left;\">equity interest in Italgas S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. are subject to CDP Reti's </span><span style=\"display:inherit;clear:left;\">discretionary approval and pre-emption, as well as to the </span><span style=\"display:inherit;clear:left;\">third-party takeover obligation. In addition, Snam may not </span><span style=\"display:inherit;clear:left;\">increase its equity investment. The agreement is for three </span><span style=\"display:inherit;clear:left;\">years and is automatically renewable for subsequent three-</span><span style=\"display:inherit;clear:left;\">year periods, unless terminated; Should Snam choose not </span><span style=\"display:inherit;clear:left;\">to renew, CDP Reti will have the option to purchase Snam<span class=\"_ _c\"></span>\u2019s </span><span style=\"display:inherit;clear:left;\">equity investment in Italgas at its fair market value.</span><span style=\"display:inherit;clear:left;\">On 31 March 2023, Snam and CDP Reti signed an amending </span><span style=\"display:inherit;clear:left;\">22</span><span style=\"display:inherit;clear:left;\">shareholders' agreement</span><span style=\"display:inherit;clear:left;\">. As an exception to the </span><span style=\"display:inherit;clear:left;\">provisions concerning limitations on the transfer of the </span><span style=\"display:inherit;clear:left;\">Snam shareholding, for the entire duration of the validity </span><span style=\"display:inherit;clear:left;\">of the agreement, Snam may transfer to third parties up </span><span style=\"display:inherit;clear:left;\">to a maximum of 54,616,646 Italgas shares representing </span><span style=\"display:inherit;clear:left;\">no more than 6.75% of the entire share capital of Italgas </span><span style=\"display:inherit;clear:left;\">(the \"released shares\") through one or more transfers (the </span><span style=\"display:inherit;clear:left;\">\"permitted partial transfers\").</span><span style=\"display:inherit;clear:left;\">22 <span class=\"_ _94\"> </span>It should be noted that on 1 May 2017, CDP Gas S.r.l. was merged by </span><span style=\"display:inherit;clear:left;\">incorporation into CDP S.p.<span class=\"_ _0\"></span>A.</span><span style=\"display:inherit;clear:left;\">Therefore, should Snam transfer all or part of the released </span><span style=\"display:inherit;clear:left;\">shares through one or more permitted partial transfers: </span><span style=\"display:inherit;clear:left;\">(i) CDP Reti shall not be entitled to exercise the right of </span><span style=\"display:inherit;clear:left;\">pre-emption; (ii) approval (including discretionary approval) </span><span style=\"display:inherit;clear:left;\">or consent of CDP Reti will not be required to effect the </span><span style=\"display:inherit;clear:left;\">permitted partial transfers; (iii) the transferees of the </span><span style=\"display:inherit;clear:left;\">released shares will not be obliged to adhere to the pact </span><span style=\"display:inherit;clear:left;\">and the purchase option agreement.</span><span style=\"display:inherit;clear:left;\">Senfluga Energy Infrastructure Holdings S.A.</span><span style=\"display:inherit;clear:left;\">Senfluga Energy Infrastructure Holdings S.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. is a company </span><span style=\"display:inherit;clear:left;\">under Greek law owned by Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. (54%), by Enag\u00e1s </span><span style=\"display:inherit;clear:left;\">Internacional S.L<span class=\"_ _0\"></span>.U. (18%), by Fluxys E<span class=\"_ _c\"></span>urope B.<span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>. (18%) </span><span style=\"display:inherit;clear:left;\">and bu DAMCO Energy S.A<span class=\"_ _0\"></span>. (10%), which owns a 66% </span><span style=\"display:inherit;clear:left;\">stake in Hellenic Gas T<span class=\"_ _1\"></span>ransmission System Operator S<span class=\"_ _0\"></span>.A<span class=\"_ _0\"></span>. </span><span style=\"display:inherit;clear:left;\">(DESF<span class=\"_ _c\"></span>A), the Greek national operator in the natural gas </span><span style=\"display:inherit;clear:left;\">infrastructure sector<span class=\"_ _1\"></span>. </span><span style=\"display:inherit;clear:left;\">DESF<span class=\"_ _c\"></span>A owns and operates a regulated high-pressure </span><span style=\"display:inherit;clear:left;\">transportation network spanning approximately 1,500 </span><span style=\"display:inherit;clear:left;\">km, in addition to a regasification terminal at Revithoussa. </span><span style=\"display:inherit;clear:left;\">Since January 2022, DESFA has held 20% of Gastrade S.A<span class=\"_ _0\"></span>., </span><span style=\"display:inherit;clear:left;\">a company that is developing the FSRU in Alexandroupoli. </span><span style=\"display:inherit;clear:left;\">Greece, a significant junction for diversifying procurement </span><span style=\"display:inherit;clear:left;\">and establishing new natural gas routes in Europe, holds </span><span style=\"display:inherit;clear:left;\">additional potential for development as a South-East </span><span style=\"display:inherit;clear:left;\">European hub.</span><span style=\"display:inherit;clear:left;\">Under the existing corporate governance regulations, Snam </span><span style=\"display:inherit;clear:left;\">does not have exclusive control over Senfluga (and, by </span><span style=\"display:inherit;clear:left;\">extension, over DESF<span class=\"_ _c\"></span>A), while Senfluga maintains exclusive </span><span style=\"display:inherit;clear:left;\">control over DESF<span class=\"_ _c\"></span>A.</span><span style=\"display:inherit;clear:left;\">Galaxy Pipeline <span class=\"_ _c\"></span>Assets Holdco Limited </span><span style=\"display:inherit;clear:left;\">Galaxy Pipeline Assets Holdco Limited (\u201cHoldCo\u201d) holds </span><span style=\"display:inherit;clear:left;\">100% of Galaxy Pipeline Assets Bidco Limited (\u201cBidCo\u201d), </span><span style=\"display:inherit;clear:left;\">which in turn holds a 47.7% stake in ADNOC Gas Pipeline </span><span style=\"display:inherit;clear:left;\">Assets LLC (\u201c<span class=\"_ _1\"></span>AssetCo\u201d). Snam holds a 12.327% interest in </span><span style=\"display:inherit;clear:left;\">the international consortium, consisting of GIP III Galaxy </span><span style=\"display:inherit;clear:left;\">HoldCo II Limited (GIP<span class=\"_ _c\"></span>), Infracore Investment Holdings </span><span style=\"display:inherit;clear:left;\">Limited, Raffles Infra Holdings Limited, NH Galaxy Pipeline </span><span style=\"display:inherit;clear:left;\">Holdco Limited, Galaxy Pipeline Assets T<span class=\"_ _c\"></span>opco Limited.</span><span style=\"display:inherit;clear:left;\">AssetCo, a subsidiar<span class=\"_ _0\"></span>y of ADNOC (Abu Dhabi National Oil </span><span style=\"display:inherit;clear:left;\">Company), maintains a twenty-year lease on ADNOC\u2019s </span><span style=\"display:inherit;clear:left;\">strategic assets associated with gas and LNG transportation </span><span style=\"display:inherit;clear:left;\">within the United Arab Emirates; the management and use </span><span style=\"display:inherit;clear:left;\">of these assets are held by ADNOC for the same twenty-</span><span style=\"display:inherit;clear:left;\">year term. </span><span style=\"display:inherit;clear:left;\">Snam is the sole industrial participant in the consortium, </span><span style=\"display:inherit;clear:left;\">signifying a significant investment opportunity in a strategic </span><span style=\"display:inherit;clear:left;\">infrastructure within the Gulf region.</span><span style=\"display:inherit;clear:left;\">The governance regulations stipulate that decisions on </span><span style=\"display:inherit;clear:left;\">certain matters of significant interest to the company must </span><span style=\"display:inherit;clear:left;\">be made by a supermajority vote or unanimously.</span><span style=\"display:inherit;clear:left;\">Interconnector Limited</span><span style=\"display:inherit;clear:left;\">Interconnector Limited is a company governed by English law<span class=\"_ _c\"></span>, owning the bidirectional pipeline that connects the United </span><span style=\"display:inherit;clear:left;\">Kingdom with Belgium and the broader European region. </span><span style=\"display:inherit;clear:left;\">At 31 December 2023, Interconnector Limited was an investee company of Snam International B.<span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>. (23.68%) and Fluxys UK </span><span style=\"display:inherit;clear:left;\">Ltd (76.32%). </span><span style=\"display:inherit;clear:left;\">Interconnector Limited directly owns 48% of the Dutch firm, Interconnector Zeebrugge T<span class=\"_ _1\"></span>erminal B.<span class=\"_ _c\"></span>V<span class=\"_ _1\"></span>. (which is, in turn, </span><span style=\"display:inherit;clear:left;\">25% owned by Snam International BV), and holds an additional 1% indirectly through Interconnector Leasing Company </span><span style=\"display:inherit;clear:left;\">Ltd.</span><span style=\"display:inherit;clear:left;\">The governance structure of Interconnector Limited is designed to, in certain instances, provide veto rights to Snam </span><span style=\"display:inherit;clear:left;\">International B.<span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>. This is intended to safeguard their investment and oversee certain decisions of significant importance to </span><span style=\"display:inherit;clear:left;\">Snam International B.<span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">Industrie De Nora S.p.A.</span><span style=\"display:inherit;clear:left;\">Industrie De Nora, established in 1923 in Italy, is a worldwide provider of pioneering technologies and solutions for water </span><span style=\"display:inherit;clear:left;\">treatment. The Company holds substantial potential for growth, owing to its exposure to two major trends within the </span><span style=\"display:inherit;clear:left;\">energy transition segment - the production of green hydrogen and water treatment.</span><span style=\"display:inherit;clear:left;\">At 30 June 2022, the company was listed on Euronext Milan, a regulated mark<span class=\"_ _c\"></span>et that is organized and managed by Borsa </span><span style=\"display:inherit;clear:left;\">Italiana S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.</span><span style=\"display:inherit;clear:left;\">At 31 December 2023, Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. owned 21.59% of the share capital in Industrie De Nora, held through Asset Company </span><span style=\"display:inherit;clear:left;\">10 S.r<span class=\"_ _c\"></span>.l.</span><span style=\"display:inherit;clear:left;\">10.3 <span class=\"_ _85\"> </span>Equity investments in companies under joint control and associated companies that are </span><span style=\"display:inherit;clear:left;\">individually insignificant</span><span style=\"display:inherit;clear:left;\">In addition to the investments in the previously mentioned companies, the carrying values of the equity investments in a </span><span style=\"display:inherit;clear:left;\">company under joint control and in two individually insignificant associated companies, which are accounted for using the </span><span style=\"display:inherit;clear:left;\">equity method, are as follows: </span><span style=\"display:inherit;clear:left;\"> (million euros<span class=\"_ _c\"></span>)<span class=\"_ _3c4\"> </span>2023</span><span style=\"display:inherit;clear:left;\">Aggregate value of jointly c<span class=\"_ _c\"></span>ontrolled equity investments which are individually insignificant<span class=\"_ _3bf\"> </span> 97 </span><span style=\"display:inherit;clear:left;\">Snam Group\u2019s share of profit/(loss) for the year<span class=\"_ _3c5\"> </span>12</span><span style=\"display:inherit;clear:left;\">Share of other components in the comprehensiv<span class=\"_ _c\"></span>e income statement attributable t<span class=\"_ _c\"></span>o the Snam Group<span class=\"_ _1d5\"> </span> (7)</span><span style=\"display:inherit;clear:left;\">TO<span class=\"_ _1\"></span>TAL SHARE OF C<span class=\"_ _c\"></span>OMPREHENSIVE INCOME ST<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>TEMENT A<span class=\"_ _c\"></span>TTRIBUTABLE T<span class=\"_ _1\"></span>O THE SNAM GROUP<span class=\"_ _321\"> </span>5</span><span style=\"display:inherit;clear:left;\">1<span class=\"_ _1\"></span>1) <span class=\"_ _3c\"> </span>OTHER CURRENT <span class=\"_ _1\"></span>AND NON-CURRENT FINANCIAL <span class=\"_ _1\"></span>ASSETS </span><span style=\"display:inherit;clear:left;position:relative;height:249.755859375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 391.172px; top: 0.0078125px; width: 264.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 143.385px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 19.9141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 420.344px; top: 26.3359px; width: 27.5098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 623.328px; top: 26.3516px; width: 27.5098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 335.531px; top: 33.0859px; width: 44.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 485.656px; top: 33.0859px; width: 97.5586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.7012px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 690.875px; top: 33.1016px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 404.953px; top: 39.8359px; width: 42.6035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 609.484px; top: 39.8516px; width: 42.6035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">current</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.748px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Long-term financial receivables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 202.19px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">116</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">118</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.139px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">102</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">102</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0605px; width: 718.699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Minority investments acc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ounted for at FV</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TOCI</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.219px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">52</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">52</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.566px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">50</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.373px; width: 172.131px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Short</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-term financial receivables</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.686px; width: 718.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- short</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-term ov</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">er 90 days</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 236.754px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 172.014px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Securities and fund units</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 305.783px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">7</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.326px; width: 719.062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 407.565px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 224.639px; width: 255.029px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL O</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">THER CURRENT AND NON-CURRENT </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 372.031px; top: 231.389px; width: 346.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">172</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">175</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">161</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">163</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.139px; width: 106.289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FINANCIAL ASSETS</span></span></span><span style=\"display:inherit;clear:left;\">Long-term financial receivables amounted to \u20ac102 million, recording a decrease of \u20ac16 million compared to 31 December </span><span style=\"display:inherit;clear:left;\">2022, mainly due to the partial repayment by OL<span class=\"_ _11\"></span>T of the principal of the existing shareholder loan. </span><span style=\"display:inherit;clear:left;\">Minority equity investments valued at FV<span class=\"_ _0\"></span>TOCI (\u20ac50 million) essentially relate to the valuation of the shares held by Snam in </span><span style=\"display:inherit;clear:left;\">the capital of: (i) T<span class=\"_ _1\"></span>erminale GNL Adriatico S<span class=\"_ _0\"></span>.r<span class=\"_ _c\"></span>.l. (7.3% share) for \u20ac24 million (\u20ac27 million at 31 December 2022); (ii) Storegga </span><span style=\"display:inherit;clear:left;\">Limited (5.02% share) for \u20ac14 million (\u20ac10 million at 31 December 2022); (iii) ITM Power PL<span class=\"_ _1\"></span>C (2.072% share) for \u20ac9 million </span><span style=\"display:inherit;clear:left;\">(\u20ac13 million at 31 December 2022). </span><span style=\"display:inherit;clear:left;\">The changes that occurred during the year<span class=\"_ _1\"></span>, with reference to investments valued at F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TOCI, are analysed as follows: </span><span style=\"display:inherit;clear:left;\">(million euros<span class=\"_ _c\"></span>)</span><span style=\"display:inherit;clear:left;\">Value at 31.12.2022<span class=\"_ _3c6\"> </span>52</span><span style=\"display:inherit;clear:left;\">Acquisitions and subscriptions<span class=\"_ _370\"> </span>4</span><span style=\"display:inherit;clear:left;\">Change in fair value recognised in other comprehensiv<span class=\"_ _c\"></span>e income <span class=\"_ _12e\"> </span>(3)</span><span style=\"display:inherit;clear:left;\">Disposals and redemptions<span class=\"_ _3c7\"> </span>(4)</span><span style=\"display:inherit;clear:left;\">Other changes<span class=\"_ _3c8\"> </span>1</span><span style=\"display:inherit;clear:left;\">Value at 31.12.2023<span class=\"_ _3c6\"> </span>50</span><span style=\"display:inherit;clear:left;\">12) <span class=\"_ _35\"> </span>CURRENT <span class=\"_ _c\"></span>AND NON-CURRENT INVENTORIES <span class=\"_ _1\"></span>AND THIRD-P<span class=\"_ _1\"></span>ARTY<span class=\"_ _c\"></span> NA<span class=\"_ _11\"></span>TURAL GAS </span><span style=\"display:inherit;clear:left;\">IN STORAGE </span><span style=\"display:inherit;clear:left;position:relative;height:197.115234375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 391.078px; top: 0.0078125px; width: 264.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 143.385px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.6641px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 383.781px; top: 26.3359px; width: 73.1074px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision f</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">or </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 587.922px; top: 26.3359px; width: 73.1074px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision f</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">or </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 337.469px; top: 33.0703px; width: 35.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Gross </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 493.109px; top: 33.0859px; width: 24.293px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Net </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 542.359px; top: 33.0859px; width: 35.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Gross </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 696.875px; top: 33.1016px; width: 24.293px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Net </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 391.078px; top: 39.8359px; width: 66.457px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">impairment </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 596.281px; top: 39.8359px; width: 66.457px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">impairment </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 338.5px; top: 46.5703px; width: 31.1074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">value</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 484.25px; top: 46.5859px; width: 31.1074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">value</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 544.016px; top: 46.5859px; width: 31.1074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">value</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 688.844px; top: 46.6016px; width: 31.1074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">value</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 420.406px; top: 53.3359px; width: 34.1074px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">losses</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 625.281px; top: 53.3359px; width: 34.1074px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">losses</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 80.2324px; width: 718.652px; white-space: pre; word-spacing: 0px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Raw materials, c</span><span style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">onsumables and finished goods</span><span style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: 0px; width: 108.023px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">848</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(15)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">833</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">787</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(15)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.6835px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">772</span></span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 106.561px; width: 718.875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Finished products and goods</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 184.172px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,403</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(34)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,369</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.5195px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">2,072</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.9199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(34)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,038</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.873px; width: 718.664px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal current inventories</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 206.092px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,251</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(49)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,202</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,859</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(49)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.6875px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,810</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.186px; width: 719.133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal non-current inventories - Compulsory inventories</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.4531px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">363</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 123.75px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">363</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">363</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.4px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">363</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 185.498px; width: 718.67px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL CURRENT AND NON-CURRENT INVENT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ORIES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.6991px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,614</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(49)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,565</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,222</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(49)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.6875px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,173</span></span></span><span style=\"display:inherit;clear:left;\">Current inventories (\u20ac2,810 million, net of the provision for impairment losses) include purchases that are made to </span><span style=\"display:inherit;clear:left;\">implement the following Authority resolutions: (i) resolution 165/2022/R/Gas, which provided for the procurement by </span><span style=\"display:inherit;clear:left;\">Snam Rete Gas of volumes to cover system gas and gas for technical consumption of the storages (approximately 0.4 </span><span style=\"display:inherit;clear:left;\">billion cubic metres for a total value of \u20ac524 million at 31 December 2023); (ii) resolutions 274/2022/R/Gas and 3/2023/R/</span><span style=\"display:inherit;clear:left;\">Gas, which defined the provisions for the last resort filling service (approximately 1.4 billion cubic metres for a total value </span><span style=\"display:inherit;clear:left;\">of \u20ac2,010 million at 31 December 2023). </span><span style=\"display:inherit;clear:left;\">The value of the inventories of gas purchased against these resolutions is offset, for the same amount, by financial </span><span style=\"display:inherit;clear:left;\">23</span><span style=\"display:inherit;clear:left;\">statement liabilities</span><span style=\"display:inherit;clear:left;\">.</span><span style=\"display:inherit;clear:left;\">The provision for impairment losses mainly relates to the write-down (\u20ac30 million), made in 2014, of 0.4 billion cubic </span><span style=\"display:inherit;clear:left;\">metres of natural gas used in storage activities for strategic gas unduly withdrawn by some service users during 2010 and </span><span style=\"display:inherit;clear:left;\">24</span><span style=\"display:inherit;clear:left;\">2011</span><span style=\"display:inherit;clear:left;\">.</span><span style=\"display:inherit;clear:left;\">Non-current inventories consist of the minimum quantities of natural gas that storage companies are obliged to hold </span><span style=\"display:inherit;clear:left;\">pursuant to Presidential Decree 22 of 31 January 2001 (so-called 'compulsor<span class=\"_ _0\"></span>y stocks'). </span><span style=\"display:inherit;clear:left;\">The quantities of gas in storage, corresponding to approximately 4.5 billion standard cubic metres of natural gas, are </span><span style=\"display:inherit;clear:left;\">25</span><span style=\"display:inherit;clear:left;\">determined annually by Ministry of Business and Made in Italy (ex the Ministr<span class=\"_ _0\"></span>y of Economic Development)</span><span style=\"display:inherit;clear:left;\">.</span><span style=\"display:inherit;clear:left;\">No collateral is pledged on inventories. There are no inventories pledged as security for liabilities, nor are any inventories </span><span style=\"display:inherit;clear:left;\">carried at net realisable value. </span><span style=\"display:inherit;clear:left;\">12.1 <span class=\"_ _85\"> </span>Third-party natural gas in storage</span><span style=\"display:inherit;clear:left;\">Risks for third-party assets held in storage, amounting to \u20ac3,302 million (\u20ac9,574 million at 31 December 2022), relate to </span><span style=\"display:inherit;clear:left;\">approximately 7.5 billion cubic metres of natural gas stored in storage facilities by customers benefiting from the service. </span><span style=\"display:inherit;clear:left;\">The amount was determined by valuing the stored gas quantities at the assumed unit repurchase cost of approximately </span><span style=\"display:inherit;clear:left;\">\u20ac0.44 per standard cubic metre (\u20ac 1.32 per standard cubic metre at 31 December 2022).</span><span style=\"display:inherit;clear:left;\">23 <span class=\"_ _94\"> </span>For gas inventories, liabilities of equal amounts were recognised, representing the Company's obligation to the regulator on the use of gas (resolution </span><span style=\"display:inherit;clear:left;\">165/2022/R/gas, \u20ac524m) and on the retrocession of the amounts obtained from the sale of the relative quantities of gas (resolution 274/2022/R/Gas, </span><span style=\"display:inherit;clear:left;\">\u20ac2,062m, including \u20ac52m relating to the amounts deriving from sales made at the end of the year and not yet returned to CSEA ).  </span><span style=\"display:inherit;clear:left;\">24 <span class=\"_ _94\"> </span>For more information on the developments of ongoing legal proceedings, please refer to Note 27.3.2 'Recovery of claims against storage system users'. </span><span style=\"display:inherit;clear:left;\">25 <span class=\"_ _94\"> </span>On 3 March 2023, the Ministry of the Environment and Energy Security confirmed the total volume of strategic storage for the contract year 2023-2024 </span><span style=\"display:inherit;clear:left;\">(1 April 2023 - 31 March 2024) at 4.62 billion cubic metres, or approximately 48,846 Giga Watt<span class=\"_ _1\"></span>-hours - GWh, unchanged from the thermal year 2022-2023 </span><span style=\"display:inherit;clear:left;\"><span><span style=\"display:inherit;clear:left;\">(1 April 2022 - 31 March 2023).</span></span> </span><span style=\"display:inherit;clear:left;\">13) <span class=\"_ _2a\"> </span>OTHER <span class=\"_ _2\"></span>CURRENT AND <span class=\"_ _0\"></span>NON-CURRENT ASSETS<span class=\"ws1\"> </span></span><span style=\"display:inherit;clear:left;position:relative;height:315.208984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 391.172px; top: 0.0078125px; width: 264.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 143.385px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 19.9141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 420.344px; top: 26.3359px; width: 27.5098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 623.328px; top: 26.3516px; width: 27.5098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 335.531px; top: 33.0859px; width: 44.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 485.656px; top: 33.0859px; width: 97.5586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.7012px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 690.875px; top: 33.1016px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 404.953px; top: 39.8359px; width: 42.6035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 609.484px; top: 39.8516px; width: 42.6035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">current</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.748px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">V</span><span style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T credits</span><span style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: 0px; width: 308.807px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.022px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">31</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.566px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31</span></span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0605px; width: 718.717px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Deferred charges</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 270.598px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">22</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">15</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">30</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.373px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assets arising from contracts with customers</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 120.99px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">22</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.566px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">22</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">28</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.566px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">28</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.686px; width: 718.881px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regulatory assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 268.395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">42</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">74</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">116</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">18</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 172.014px; width: 718.74px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Security deposits</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 340.02px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.566px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">18</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">18</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.326px; width: 719.033px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Market value of cash flo</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">w hedge derivatives</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 133.945px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.6154px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">4</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 224.639px; width: 718.875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other tax credits</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 272.971px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">72</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">89</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">129</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">243</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">372</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 250.951px; width: 718.893px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which: Ecobonus/Sismabonus Credits </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.945px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">72</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">85</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">102</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">243</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">345</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 277.264px; width: 718.816px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 332.578px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">24</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 303.592px; width: 718.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL O</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">THER CURRENT AND NON-CURRENT A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">SSETS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">136</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">178</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">314</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">222</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">281</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">503</span></span></span><span style=\"display:inherit;clear:left;\">Assets arising from the mark-to-market valuation of financial derivatives for cash flow hedges refer to: (i) 4 Interest Rate </span><span style=\"display:inherit;clear:left;\">Swap (IRS) derivative contracts, used to hedge the risk of interest rate fluctuations against a debenture loan and variable-</span><span style=\"display:inherit;clear:left;\">rate bank loans (\u20ac3 million). Through derivative contracts, variable-rate liabilities are converted into fixed-rate liabilities </span><span style=\"display:inherit;clear:left;\">from the effective date of the contract; (ii) 2 Over The Counter (O<span class=\"_ _c\"></span>TC) commodity derivative contracts, used to hedge the </span><span style=\"display:inherit;clear:left;\">risk of fluctuations in the price of natural gas and electricity (\u20ac1 million), related to the biomethane business.</span><span style=\"display:inherit;clear:left;\">The fair value of hedging derivative contracts, as well as the classification between current and non-current assets/</span><span style=\"display:inherit;clear:left;\">liabilities, were determined on the basis of valuation models commonly used in the financial sector and on market </span><span style=\"display:inherit;clear:left;\">parameters at the end of the period.</span><span style=\"display:inherit;clear:left;\">Information on the risks that are hedged by financial derivatives and the policies adopted by the company to hedge </span><span style=\"display:inherit;clear:left;\">against those risks can be found in Note 27.5 'Financial Risk Management - F<span class=\"_ _c\"></span>air Value of Financial Instruments<span class=\"_ _c\"></span>'.</span><span style=\"display:inherit;clear:left;\">Deferred charges (\u20ac30 million) mainly relate to up-front fees and substitute tax on revolving credit lines (\u20ac 17 million<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">Security deposits (\u20ac18 million) are paid in support of operating activities and mainly relate to the natural gas </span><span style=\"display:inherit;clear:left;\">transportation sector<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">Assets from contracts with customers (\u20ac28 million) relate to contract work in progress on biogas plants.</span><span style=\"display:inherit;clear:left;\">Other tax credits include Ecobonus/Sismabonus credits relating to energy efficiency projects (\u20ac345 million). The Snam </span><span style=\"display:inherit;clear:left;\">Group, given its large fiscal capacity, plans to use these credits within the time frame provided for by current legislation.</span><span style=\"display:inherit;clear:left;\">14) <span class=\"_ _35\"> </span>CASH <span class=\"_ _c\"></span>AND CASH EQUIV<span class=\"_ _1\"></span>ALENTS</span><span style=\"display:inherit;clear:left;\">Cash and cash equivalents of \u20ac1,382 million (\u20ac1,757 million at 31 December 2022) mainly refer to the Parent Company's </span><span style=\"display:inherit;clear:left;\">current accounts and bank deposits in euro with financial institutions (\u20ac1,209 million), which represent the use of liquidity </span><span style=\"display:inherit;clear:left;\">held for the Group's financial needs, and cash received from subsidiaries (a total of \u20ac173 million<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">The average yield on cash investments is approximately 3.4% andthe investments re not subject to constraints on their </span><span style=\"display:inherit;clear:left;\">use.</span><span style=\"display:inherit;clear:left;\">For an overall analysis of the financial situation and the main cash flows for the year<span class=\"_ _1\"></span>, please refer to the Statement of Cash </span><span style=\"display:inherit;clear:left;\">Flows.</span><span style=\"display:inherit;clear:left;\">15) <span class=\"_ _35\"> </span>TRADE <span class=\"_ _c\"></span>AND OTHER RECEIV<span class=\"_ _1\"></span>ABLES  </span><span style=\"display:inherit;clear:left;position:relative;height:301.662109375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.658px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade receivables, including the provision for bad debts</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 286.418px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,344</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,519</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.723px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for bad debts</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 462.289px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(100)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(160)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal trade receivables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 462.289px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,244</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,359</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 99.2578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other receivables </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 719.145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Other receivables from the Energy and Environmental Services Fund (</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">SEA)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.219px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">260</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">78</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.846px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Advances to suppliers</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 478.219px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 718.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- IRES receivables for national tax consolidation from the former parent compan</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 161.543px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 718.846px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Receivables for contributions from individuals</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 347.397px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 237.42px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Other</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 564.656px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 263.732px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal other receivables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 472.635px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">380</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">146</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.045px; width: 718.664px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL TRADE AND OTHER RE</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">CEIVABLES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.756px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,624</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,505</span></span></span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>rade receivables (\u20ac4,359 million, net of the provision for bad debt) are mainly related to the transportation segment </span><span style=\"display:inherit;clear:left;\">(\u20ac2,738 million, referring mainly to receivables from users for additional components and the default service totalling </span><span style=\"display:inherit;clear:left;\">\u20ac2,003 million and receivables from gas system balancing activities amounting to \u20ac106 million), energy transition (\u20ac1,381 </span><span style=\"display:inherit;clear:left;\">million) and natural gas storage (\u20ac195 million<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>rade receivables include customer receivables related to energy efficiency projects (\u20ac1,208 million) pending conversion </span><span style=\"display:inherit;clear:left;\">into Super-Ecobonus tax credits. The Snam Group, given its large fiscal capacity<span class=\"_ _c\"></span>, plans to use these credits within the time </span><span style=\"display:inherit;clear:left;\">frame provided for by current legislation.</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>rade receivables include receivables related to the storage sector<span class=\"_ _c\"></span>, including the credit for V<span class=\"_ _1\"></span>A<span class=\"_ _c\"></span>T invoiced to users in </span><span style=\"display:inherit;clear:left;\">previous years for the use of strategic gas withdrawn and not restored (\u20ac77 million, unchanged from 31 December </span><span style=\"display:inherit;clear:left;\">26</span><span style=\"display:inherit;clear:left;\">2022)</span><span style=\"display:inherit;clear:left;\">.</span><span style=\"display:inherit;clear:left;\">The fair value measurement of trade and other receivables, with the exception of credits originating from the provision </span><span style=\"display:inherit;clear:left;\">of energy efficiency ser<span class=\"_ _0\"></span>vices included in the so-called superbonus, ecobonus/sismabonus and minor bonuses, does not </span><span style=\"display:inherit;clear:left;\">produce significant effects considering the short period of time between the origination of the receivable and its maturity </span><span style=\"display:inherit;clear:left;\">and the contractual terms. </span><span style=\"display:inherit;clear:left;\">26 <span class=\"_ _94\"> </span>For further details, see Note 27.3.2 \"Recovery of receivables from storage system users\".</span><span style=\"display:inherit;clear:left;\">The provision for bad debt (\u20ac160 million) mainly relates to: (i) receivables arising from the balancing service, in relation </span><span style=\"display:inherit;clear:left;\">to resolution 608/2015/R/gas by which the Authority had ordered the partial recognition, for the gas balancing manager </span><span style=\"display:inherit;clear:left;\">(Snam Rete Gas), of uncollected receivables relating to the period from 1 December 2011 to 23 October 2012 (\u20ac70 million, </span><span style=\"display:inherit;clear:left;\">27</span><span style=\"display:inherit;clear:left;\">including related interest)</span><span style=\"display:inherit;clear:left;\">; (ii) trade receivables related to the energy efficiency business, against a significant increase </span><span style=\"display:inherit;clear:left;\">(+73%) in customer receivables, mainly attributable to the redevelopment and recovery of residential buildings (\u20ac59 </span><span style=\"display:inherit;clear:left;\">million), in order to reflect the risk that some credits deriving from the superbonus are not transformed into tax credits..</span><span style=\"display:inherit;clear:left;\">Other receivables from CSEA mainly refer to receivables for the interruptibility ser<span class=\"_ _0\"></span>vice (\u20ac57 million) and output-based </span><span style=\"display:inherit;clear:left;\">incentives (\u20ac12 million) of Snam Rete Gas. </span><span style=\"display:inherit;clear:left;\">There are no receivables in currencies other than the euro. </span><span style=\"display:inherit;clear:left;\">Receivables from related parties are indicated in Note 37 'T<span class=\"_ _c\"></span>ransactions with related parties'. </span><span style=\"display:inherit;clear:left;\"><span><span style=\"display:inherit;clear:left;\">Specific information on credit risk is provided in Note 27.3 'Financial risk management - Credit risk'.</span></span> </span><span style=\"display:inherit;clear:left;\">16) <span class=\"_ _35\"> </span>CURRENT <span class=\"_ _c\"></span>AND NON-CURRENT INCOME T<span class=\"_ _1\"></span>AX <span class=\"_ _1\"></span>ASSETS/LIABILITIES  </span><span style=\"display:inherit;clear:left;position:relative;height:196.396484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Receivables from the tax authorities for IRES (corporation tax)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 259.06px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">47</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.74px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Receivables from the tax authorities for IRAP (regional trade income tax)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.898px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 719.004px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL CURRENT INC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OME T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">X ASSETS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 390.045px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 719.08px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Pa</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yables to the tax authorities for IRES (corporation tax)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 286.945px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (43)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 719.08px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Pa</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yables to the tax authorities for IRAP (regional trade income tax)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 229.183px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 85.1659px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (9)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.676px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Other tax liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 482.43px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (14)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 718.676px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL CURRENT INC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OME T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">X LIABILITIES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.756px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (21)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 76.8517px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (53)</span></span></span><span style=\"display:inherit;clear:left;\">Current income tax liabilities (\u20ac53 million) mainly refer to the liability for current tax<span class=\"_ _c\"></span>es accrued in 2023, relating to Snam </span><span style=\"display:inherit;clear:left;\">S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. and its subsidiaries, net of advances paid. </span><span style=\"display:inherit;clear:left;\">In relation to activities of a fiscal nature, it should be noted that, since the Group constantly invests in Research and </span><span style=\"display:inherit;clear:left;\">Development and T<span class=\"_ _1\"></span>echnological Innovation activities, subsequent to the end of the current financial year, the calculations </span><span style=\"display:inherit;clear:left;\">relating to the tax credit accrued on an accrual basis pursuant to Law no. 160/2019, paragraphs 198-207, as amended </span><span style=\"display:inherit;clear:left;\">by Law no. 178/2020 and Law no. 234/2021, will be finalised, and the preparation of the documentation supporting this </span><span style=\"display:inherit;clear:left;\">credit (so-called documentary expenses) will be completed. At the time of preparation of this document, no estimate of </span><span style=\"display:inherit;clear:left;\">the amount of this tax credit was available.</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>axes for the year are illustrated in Note 34 'Income T<span class=\"_ _c\"></span>axes', to which reference is made.</span><span style=\"display:inherit;clear:left;\">27 <span class=\"_ _94\"> </span>Pursuant to the provisions of resolution 608/2015/R/gas, the Company set aside a provision for bad debts of approximately \u20ac125 million, of which \u20ac35 </span><span style=\"display:inherit;clear:left;\">million was then released following the Council of State ruling of 5 March 2020. During the financial year 2021, \u20ac20 million was written off due to the </span><span style=\"display:inherit;clear:left;\">conclusion of bankruptcy proceedings concerning a user. At 31 December 2023, the value of the provision for bad debt amounted to \u20ac70 million (the </span><span style=\"display:inherit;clear:left;\">same as at 31 December 2022) and related to balancing receivables owing to the Company from certain customers with whom bankruptcy proceedings </span><span style=\"display:inherit;clear:left;\">are in progress.</span><span style=\"display:inherit;clear:left;\">17) <span class=\"_ _35\"> </span>CURRENT <span class=\"_ _c\"></span>AND NON-CURRENT FINANCIAL LIABILITIES</span><span style=\"display:inherit;clear:left;position:relative;height:402.740234375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 305.969px; top: 0.0078125px; width: 321.926px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 201.058px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 226.281px; top: 26.3359px; width: 47.2617px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 486.812px; top: 26.3359px; width: 47.2617px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 325.641px; top: 33.0859px; width: 72.9844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-current </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 586.375px; top: 33.1016px; width: 72.9844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-current </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 223.703px; top: 39.8359px; width: 52.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">financial </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 485.359px; top: 39.8359px; width: 52.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">financial </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 307.156px; top: 46.5859px; width: 105.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">financial liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 569.406px; top: 46.6016px; width: 105.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">financial liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 220.844px; top: 53.3359px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 482.531px; top: 53.3359px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 1.10938px; top: 149.43px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.10938px; top: 246.045px; width: 721.225px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Debenture loans</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 172.319px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">757</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,527</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.9433px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,173</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.2344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8,700</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.2344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">9,457</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,217</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.60938px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.4629px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">4,439</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.9433px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,220</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.2344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8,659</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.2344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">9,876</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.10938px; top: 272.373px; width: 720.92px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bank loans</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 161.543px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">150</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9023px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">479</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.8672px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,335</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.3535px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">896</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.9433px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,231</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,860</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.3535px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9023px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">753</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.60938px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.4629px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">1,756</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.3535px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">790</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.2344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,546</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.2344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3,549</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.10938px; top: 298.686px; width: 721.16px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Euro C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ommercial Paper - E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">CP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,128</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 188.397px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,128</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.9433px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">2,679</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.4629px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5859px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,679</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.10938px; top: 324.998px; width: 721.131px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other lenders</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 158.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">200</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">200</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.3535px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">202</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.60938px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 19.6992px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.8262px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.3535px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">505</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.10938px; top: 351.311px; width: 720.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial payables for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.9591px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">18</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2168px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.6875px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">26</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.6875px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">33</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.6835px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.60938px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.5117px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">22</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">35</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.6875px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">43</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 377.623px; width: 206.297px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL CURRENT AND NON-CURRENT </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 211.297px; top: 384.389px; width: 510.182px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,280</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,243</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6,080</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 13.9746px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">5,077</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 8.18554px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.80078px; display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">11,157</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 8.18554px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.80078px; display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">13,680</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 12.9433px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.80078px; display: inline-block;\"> </span></span></span></span><span style=\"display: inline-block;\">2,931</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,981</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.60938px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.0879px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6,717</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5,023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 7.6758px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">11,740</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 8.18554px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.80078px; display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">16,652</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 391.123px; width: 123.006px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FINANCIAL LIABILITIES</span></span></span><span style=\"display:inherit;clear:left;\">17.1 <span class=\"_ _85\"> </span>Short-term financial liabilities <span class=\"_ _a0\"> </span> </span><span style=\"display:inherit;clear:left;\">Short<span class=\"_ _c\"></span>-term financial liabilities, amounting to \u20ac2,931 million, essentially relate to the issue of short-term 'unsecured' </span><span style=\"display:inherit;clear:left;\">securities (Euro Commercial Paper) issued on the money mark<span class=\"_ _c\"></span>et and placed with institutional investors (\u20ac2,679 million) </span><span style=\"display:inherit;clear:left;\">and the use of uncommitted variable-rate bank credit lines (\u20ac250 million).</span><span style=\"display:inherit;clear:left;\">The weighted average interest rate on short<span class=\"_ _c\"></span>-term financial liabilities is 3.86% (0.06% for the financial year 2022). </span><span style=\"display:inherit;clear:left;\">There are no short<span class=\"_ _c\"></span>-term financial liabilities denominated in currencies other than the euro.</span><span style=\"display:inherit;clear:left;\">17.2 <span class=\"_ _85\"> </span>Long-term financial liabilities and short-term portion of long-term financial liabilities</span><span style=\"display:inherit;clear:left;\">Long-term financial liabilities, including the short<span class=\"_ _c\"></span>-term portion of long-term liabilities, amounted to a total of \u20ac13,721 </span><span style=\"display:inherit;clear:left;\">million and consisted of debenture loans (\u20ac9,876 million), bank loans (\u20ac3,299 million<span class=\"_ _c\"></span>), term loans to the parent company </span><span style=\"display:inherit;clear:left;\">Cassa Depositi e Prestiti (\u20ac503 million) and financial payables for leased assets (\u20ac43 million<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">An analysis of the debenture loans, indicating the year of issue, currency, average interest rate and maturity, is shown in </span><span style=\"display:inherit;clear:left;\">the following table.  </span><span style=\"display:inherit;clear:left;position:relative;height:776.04296875px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 244.828px; top: 0.0078125px; width: 50.5488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Nominal </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 319.5px; top: 0.0078125px; width: 50.5488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Nominal </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 474.203px; top: 6.75781px; width: 30.5918px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Issue </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 519.953px; top: 6.75781px; width: 53.1035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Maturity </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 584.547px; top: 6.75781px; width: 62.9297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 659.391px; top: 6.75781px; width: 62.9297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 13.5078px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 259.359px; top: 13.5078px; width: 35.5547px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">alue </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 333.141px; top: 13.5078px; width: 35.5547px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">alue </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 386.328px; top: 13.5078px; width: 48.9199px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e (%)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 470.25px; top: 20.2578px; width: 31.6582px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(year)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 536.578px; top: 20.2578px; width: 33.8203px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(year)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 584.547px; top: 20.2578px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 659.391px; top: 20.2578px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 231.672px; top: 27.0078px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 306.469px; top: 27.0078px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.3359px; width: 189.996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Euro Medium T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">erm Notes (EM</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TN)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 78.9512px; width: 718.887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 3.25% (a)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.316px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">365</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">365</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2014</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">375</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">376</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 102.717px; width: 644.338px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 1.50% (a) (b</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 172.764px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">155</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 112.23px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2014</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">157</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 126.482px; width: 644.514px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 1.375% (a)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 182.455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">140</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 112.629px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.375</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2015</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">137</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 150.264px; width: 718.828px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 0.875%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.773px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.875</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2016</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2026</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.7071px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,248</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,249</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 174.029px; width: 718.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 1.250% (a)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 182.455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">267</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">267</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2017</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">269</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">270</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 197.811px; width: 718.934px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Floating Bond (c)   </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 170.531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">106</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">106</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.836</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2017</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">106</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">107</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 221.576px; width: 718.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 1.375% (a)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 182.455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">553</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">553</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0.36px; letter-spacing: -0.36px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1.375</span><span style=\"word-spacing: 0.36px; letter-spacing: -0.36px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.77734px; display: inline-block;\"> </span></span></span></span><span style=\"display: inline-block;\">2017</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2027</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">552</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">552</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 245.342px; width: 644.279px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 1.000% (a) (d)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 165px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">423</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 112.23px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.000</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2018</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">425</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 269.123px; width: 718.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1.250% Bond (Climat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e Action Bond)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2019</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">501</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 292.889px; width: 718.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 1.625%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 199.477px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.625</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2019</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2030</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">252</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">252</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 316.67px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 0%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 222.486px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">700</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">700</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2019</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">699</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">700</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 340.436px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 1%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 222.486px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">600</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">600</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.000</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2019</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2034</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">592</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">593</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 364.217px; width: 718.916px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 0.75% (Transition bond)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.750</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2020</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2030</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">499</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 387.982px; width: 718.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 0% (Transition bond)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.539px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">600</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">600</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2020</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2028</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">597</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">598</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 411.748px; width: 718.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 0% (Transition bond)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.539px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 435.529px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 0.75% (Transition bond) - T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AP (e)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.5196px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.750</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2030</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">258</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">257</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 459.295px; width: 718.904px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 0.625% (Transition bond)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.172px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.625</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2031</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">495</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">496</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 483.076px; width: 144.018px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 0.75% (Dual tranche </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 272.641px; top: 489.826px; width: 447.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">850</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">850</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.750</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2029</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">846</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">847</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 496.576px; width: 148.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Sustainability-Linked Bond)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 520.342px; width: 144.018px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 1.25% (Dual tranche </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 272.641px; top: 527.092px; width: 447.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">650</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">650</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2034</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">651</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">651</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 533.842px; width: 148.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Sustainability-Linked Bond)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 557.607px; width: 175.066px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 3.375% (T</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">axonom</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y-Aligned </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 272.641px; top: 564.373px; width: 447.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">300</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">300</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.375</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2026</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">299</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">299</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 571.107px; width: 85.8633px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransition Bond)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 594.889px; width: 176.941px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 4% (EU T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">axonomy-Aligned </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 346.719px; top: 601.639px; width: 373.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">650</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4.000</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2029</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.795px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">644</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 608.389px; width: 89.7012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransition Bond)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 632.154px; width: 718.998px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal Euro Medium T</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">erm Notes (EMTN)</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">9,459</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,391</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 248.326px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,457</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,392</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 655.936px; width: 196.992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 3.250% (EU tax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">onomy-aligned </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 346.719px; top: 662.686px; width: 373.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2028</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.795px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">484</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 669.436px; width: 151.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">conv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ertible transition bond)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 693.201px; width: 718.852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL DEBENTURE L</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OANS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.52px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,459</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,891</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 248.326px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,457</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,876</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 722.051px; width: 203.162px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(a) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 8.70705px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Liability Management 2022 debenture loans.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 733.301px; width: 633.914px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(b) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 7.6758px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Debenture loan re-opened in Januar</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y 2015 for an incremental amount of \u20ac250 million with interest rate and maturity similar to the original placement.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 744.551px; width: 506.953px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(c) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.0879px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Floating rate debenture loan, conv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">erted to a fixed rat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e through an Interest Rate Swap (IRS) hedging derivative contract.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 755.801px; width: 644.291px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(d) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 7.6758px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Debenture loan re-opened in November 2018 for an incremental amount of \u20ac300 million with interest rate and maturity similar to the original placement.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 767.051px; width: 120.17px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(e) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 8.18554px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">True-up debenture loan.</span></span></span><span style=\"display:inherit;clear:left;\">There are no long-term bank loans denominated in currencies other than the euro.</span><span style=\"display:inherit;clear:left;\">The weighted average interest rate on drawn bank loans (excluding EIB loans) is 2.36% (0.36% for the financial year 2022). </span><span style=\"display:inherit;clear:left;\">The average maturity on long-term financial liabilities is 5.0 years (5.4 years for financial year 2022).</span><span style=\"display:inherit;clear:left;\">There are no breaches of clauses related to the financing contracts.</span><span style=\"display:inherit;clear:left;\">Snam also has undrawn committed credit lines totalling \u20ac6.2 billion.</span><span style=\"display:inherit;clear:left;\">Financial covenants and negative pledge contractual clauses  </span><span style=\"display:inherit;clear:left;\">At 31 December 2023, Snam had unsecured bilateral and syndicated loan agreements in place with banks and other </span><span style=\"display:inherit;clear:left;\">financial institutions.</span><span style=\"display:inherit;clear:left;\">Some of these agreements require, inter alia, compliance with commitments typical of international practice, some of </span><span style=\"display:inherit;clear:left;\">which are subject to specific materiality thresholds, such as: (i) negative pledge commitments under which Snam and its </span><span style=\"display:inherit;clear:left;\">subsidiaries are subject to limitations on the creation of security interests or other liens over all or part of their respective </span><span style=\"display:inherit;clear:left;\">assets, shares or commodities; (ii) pari passu and change of control clauses; (iii) limitations on certain extraordinary </span><span style=\"display:inherit;clear:left;\">transactions that the company and its subsidiaries may carry out; (iv) limits on the indebtedness of subsidiaries.</span><span style=\"display:inherit;clear:left;\">F<span class=\"_ _c\"></span>ailure to comply with these covenants, as well as the occurrence of other events, such as cross-default events, may result </span><span style=\"display:inherit;clear:left;\">in a default by Snam and, possibly, may cause the related loan to become due in advance. Exclusively for the EIB loans, </span><span style=\"display:inherit;clear:left;\">the lender has the option to request additional guarantees if Snam's rating is lower than BBB (Standard &amp; P<span class=\"_ _c\"></span>oor's/Fitch) or </span><span style=\"display:inherit;clear:left;\">lower than Baa2 (Moody's), with at least two of the three rating agencies.</span><span style=\"display:inherit;clear:left;\">The occurrence of one or more of the aforementioned scenarios could have negative effects on Snam Group's results, </span><span style=\"display:inherit;clear:left;\">financial position and cash flow, resulting in additional costs and/or liquidity issues.</span><span style=\"display:inherit;clear:left;\">At 31 December 2023, financial payables subject to these restrictive clauses amounted to approximately \u20ac3.8 billion.</span><span style=\"display:inherit;clear:left;\">Bonds issued by Snam at 31 December 2023, with a nominal value of approximately \u20ac9.9 billion, mainly referred to </span><span style=\"display:inherit;clear:left;\">securities issued under the Euro Medium T<span class=\"_ _1\"></span>erm Notes programme. The covenants established for the programme's </span><span style=\"display:inherit;clear:left;\">securities are typical of international market practice and consist of<span class=\"_ _1\"></span>, inter alia, negative pledge and pari passu clauses. </span><span style=\"display:inherit;clear:left;\">Specifically, under the negative pledge clause, Snam and its material subsidiaries are subject to limitations to pledging or </span><span style=\"display:inherit;clear:left;\">maintaining encumbrances on all or part of their assets or proceeds to guarantee present or future debt, unless this is </span><span style=\"display:inherit;clear:left;\">explicitly permitted.</span><span style=\"display:inherit;clear:left;\">17.3 <span class=\"_ _85\"> </span>Analysis of net financial debt</span><span style=\"display:inherit;clear:left;\">An analysis of net financial debt with evidence of related party transactions is shown in the table below: </span><span style=\"display:inherit;clear:left;position:relative;height:423.85546875px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.0293px; width: 718.928px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">A. + B. Cash and cash equivalents</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 408.656px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,757</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,382</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 51.498px; width: 176.473px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">C. Other current financial assets </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 76.9668px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">D. Liquidity (A + B + C)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 463.342px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,757</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,382</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 102.42px; width: 513.809px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">E. Current financial debt (including debt instruments, but excluding the current portion of non-</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 586.75px; top: 109.186px; width: 132.082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,280</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,931</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 115.92px; width: 121.119px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">current financial debt)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 141.404px; width: 718.869px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">F</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. Current portion of non-current financial debt (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 314.924px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,243</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,981</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 168.467px; width: 718.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">G. Current financial debt (E + F)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 412.455px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,523</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,912</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 195.529px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of which with related parties</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 458.831px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 220.982px; width: 718.6px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">H. Net current financial debt (G - D</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 401.67px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">766</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,530</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 246.451px; width: 718.664px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">I. Non-current financial debt (excluding current portion and debt instruments) (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.506px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,457</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,081</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 271.92px; width: 718.816px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">J. Debt instruments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 479.355px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8,700</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8,659</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 297.373px; width: 218.197px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">K. Trade and other non-current pa</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yables</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 322.842px; width: 718.98px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">L. Non-current financial debt (I + J + K)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 366.662px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11,157</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11,740</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 348.311px; width: 718.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of which with related parties</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 445.294px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">200</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 373.764px; width: 718.658px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">M. T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal financial debt (H + L) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 414.082px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11,923</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15,270</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 403.613px; width: 717.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.61134px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">They include financial payables for leased assets recognised in accordance with IFRS 16 'Leases', of which \u20ac35 million are long-t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">erm and \u20ac8 million are short-term portions of </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 16.4844px; top: 414.863px; width: 118.154px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">long-term financial liabilities.</span></span></span><span style=\"display:inherit;clear:left;\">17.4 <span class=\"_ _85\"> </span>Reconciliation of net financial debt</span><span style=\"display:inherit;clear:left;\">In accordance with the provisions of IAS 7 'Statement of Cash Flows', the monetary and non-monetar<span class=\"_ _0\"></span>y changes in liabilities </span><span style=\"display:inherit;clear:left;\">arising from financing activities and in the assets comprising net financial debt are shown below.  </span><span style=\"display:inherit;clear:left;position:relative;height:287.29296875px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 472.844px; top: 0.0078125px; width: 144.064px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Changes without impacts</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 506.188px; top: 13.5078px; width: 76.5117px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">on cash flo</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ws</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 33.7734px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 389.922px; top: 40.5078px; width: 48.4336px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Changes</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 531.016px; top: 40.1797px; width: 54.5918px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in</span><span style=\"word-spacing: 0px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 455.453px; top: 46.9297px; width: 45.0645px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IFRS 16 </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 610.844px; top: 46.9297px; width: 34.8398px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 306.469px; top: 54.0078px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 398.422px; top: 54.0078px; width: 37.9805px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">in cash </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 539.141px; top: 53.6797px; width: 47.1504px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">scope of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 659.391px; top: 54.0078px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 458.734px; top: 60.4297px; width: 39.0293px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">impact</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 598.781px; top: 60.4297px; width: 43.3711px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">changes</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 404.953px; top: 67.5078px; width: 28.9688px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">flows</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 511.469px; top: 67.1797px; width: 71.5137px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">consolidation</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 94.4043px; width: 718.793px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cash and cash equivalents </span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 197.953px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,757</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (380)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.0312px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,382</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 120.732px; width: 718.986px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Liquidity and financial receivables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 147.035px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,757</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2168px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (380)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.4239px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,382</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 147.045px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Short</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-term financial payables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.223px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,280</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,669</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.0312px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (18)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,931</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 173.357px; width: 718.74px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Long-term financial pa</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yables (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 156.527px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12,367</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,270</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">34</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13,678</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 199.67px; width: 718.904px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial payables for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 159.891px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">33</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (13)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.8358px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">43</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 225.998px; width: 719.039px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Gross financial debt</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 218.145px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13,680</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,926</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.9784px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (7)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">34</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">16,652</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 252.311px; width: 718.863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Net financial debt</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 228.744px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11,923</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,306</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (11)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">33</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15,270</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 278.301px; width: 273.627px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)  Includes the long-term portions of long-term financial payables.</span></span></span><span style=\"display:inherit;clear:left;\">18) <span class=\"_ _35\"> </span>PROVISIONS FOR RISKS <span class=\"_ _c\"></span>AND CHARGES </span><span style=\"display:inherit;clear:left;position:relative;height:565.240234375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 431.953px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 464.125px; top: 26.3359px; width: 27.1348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Uses</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 207.016px; top: 55.3203px; width: 51.3516px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Opening </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 356.328px; top: 57.3047px; width: 51.2812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Increase </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 552.266px; top: 57.3047px; width: 58.9805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 62.0547px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 263.891px; top: 62.0703px; width: 62.4844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provisions </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 211.188px; top: 68.8203px; width: 47.2734px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">balance </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 364.609px; top: 70.8047px; width: 42.5801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for the </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 561.5px; top: 70.8047px; width: 51.4688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">scope of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 636.516px; top: 68.8203px; width: 34.8398px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 676.938px; top: 68.8203px; width: 45.2168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Closing </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 417.531px; top: 77.5547px; width: 118.4px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for c</span><span style=\"word-spacing: 0px; letter-spacing: -0.48px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">osts</span><span style=\"word-spacing: 0px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 14.4551px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for surplus</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 346.719px; top: 84.3047px; width: 61.3008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">passing of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 554.578px; top: 84.3047px; width: 54.3691px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">consolida</span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">-</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 624.562px; top: 82.3203px; width: 43.3711px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">changes</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 678.797px; top: 82.3203px; width: 43.9102px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">balance </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 378.062px; top: 97.8047px; width: 26.1504px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">time</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 587.859px; top: 97.8047px; width: 21.2285px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tion</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 124.701px; width: 169.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for decommissioning </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 235.656px; top: 131.451px; width: 484.107px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">713</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 135.264px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (7)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 138.012px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (228)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">498</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 138.201px; width: 107.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and site restoration</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 164.529px; width: 718.676px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for legal disputes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.879px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">16</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 195.539px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 168.926px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">21</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 190.842px; width: 718.875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for tax litigation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 107.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 195.539px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 168.926px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">11</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 217.154px; width: 718.746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other funds </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 173.285px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">49</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (18)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 241.266px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">44</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 243.482px; width: 167.777px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL PR</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OVISIONS FOR RISKS </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 235.656px; top: 250.232px; width: 483.891px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">782</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">35</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (25)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (10)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.8358px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (228)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">574</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 256.982px; width: 79.8398px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">AND CHARGES</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 431.953px; top: 305.555px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 464.125px; top: 330.602px; width: 27.1348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Uses</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 356.328px; top: 360.305px; width: 51.2812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Increase </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 552.266px; top: 360.305px; width: 58.9805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 365.711px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 215.125px; top: 372.445px; width: 44.2852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Opeing </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 364.609px; top: 373.805px; width: 42.5801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for the </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 561.5px; top: 373.805px; width: 51.4688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">scope of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 636.516px; top: 372.461px; width: 34.8398px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 676.938px; top: 372.461px; width: 45.2168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Closing </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 265.688px; top: 379.211px; width: 62.4844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provisions </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 417.531px; top: 380.555px; width: 118.4px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for c</span><span style=\"word-spacing: 0px; letter-spacing: -0.48px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">osts</span><span style=\"word-spacing: 0px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 14.4551px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for surplus</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 211.188px; top: 385.945px; width: 44.3906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">balance</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 346.719px; top: 387.305px; width: 61.3008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">passing of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 554.578px; top: 387.305px; width: 54.3691px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">consolida</span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">-</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 624.562px; top: 385.961px; width: 43.3711px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">changes</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 678.797px; top: 385.961px; width: 43.9102px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">balance </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 378.062px; top: 400.805px; width: 26.1504px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">time</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 587.859px; top: 400.805px; width: 21.2285px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tion</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 426.436px; width: 169.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for decommissioning </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 235.656px; top: 433.186px; width: 483.627px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">498</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 135.264px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">18</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.7071px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 138.012px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">565</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 439.936px; width: 107.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and site restoration</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 464.982px; width: 718.998px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for legal disputes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.879px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.082px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.412px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">20</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 490.029px; width: 718.682px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for tax litigation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 100.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.6154px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 381.855px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">18</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 515.076px; width: 719.104px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other funds </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 173.285px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">44</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.086px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(11)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 241.904px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">60</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 540.123px; width: 167.777px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL PR</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OVISIONS FOR RISKS </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 235.656px; top: 546.873px; width: 483.885px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">574</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">38</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">18</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(14)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.256px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">663</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 553.623px; width: 79.8398px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">AND CHARGES</span></span></span><span style=\"display:inherit;clear:left;\">The provision for decommissioning and site restoration (\u20ac565 million) includes the estimated, discounted costs that will be </span><span style=\"display:inherit;clear:left;\">incurred for the removal of structures and site restoration, referring mainly to the storage (\u20ac455 million) and natural gas </span><span style=\"display:inherit;clear:left;\">28</span><span style=\"display:inherit;clear:left;\">transportation</span><span style=\"display:inherit;clear:left;\"> (\u20ac79 million) sectors. The discounting was carried out using the rate corresponding to the yields of Euro </span><span style=\"display:inherit;clear:left;\">Area Corporate Bonds with an '<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>A<span class=\"_ _1\"></span>' rating. The rate determined in this way is between 3% and 3.3%. </span><span style=\"display:inherit;clear:left;\">The final maturity in chronological order for disbursements related to the decommissioning and restoration of storage </span><span style=\"display:inherit;clear:left;\">sector sites refers to the Bordolano concession, in the year 2041. </span><span style=\"display:inherit;clear:left;\">Other changes (\u20ac50 million) mainly refer to the effects of the reduction in expected discount rates, mainly related to the </span><span style=\"display:inherit;clear:left;\">natural gas storage and transportation sector<span class=\"_ _1\"></span>.  </span><span style=\"display:inherit;clear:left;\">Other provisions for risks and charges (\u20ac60 million) mainly relate to: (i) the estimated charges that the Group<span class=\"_ _c\"></span>'s insurance </span><span style=\"display:inherit;clear:left;\">company, Gasrule Insurance DA<span class=\"_ _c\"></span>C, expects to incur for insured claims (\u20ac24 million); (ii) the provision for estimated probable </span><span style=\"display:inherit;clear:left;\">tax liabilities (\u20ac7 million); (iii) the redundancy fund (\u20ac6 million). </span><span style=\"display:inherit;clear:left;\">29</span><span style=\"display:inherit;clear:left;\">The sensitivity</span><span style=\"display:inherit;clear:left;\"> on the discount rate represents the change in the value of the liability that is obtained with the year-end </span><span style=\"display:inherit;clear:left;\">valuation data, by varying the discount rate, subject to the other assumptions. </span><span style=\"display:inherit;clear:left;position:relative;height:64.818359375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 642.457px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 428.355px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ariation discount r</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ate</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 489.109px; top: 26.8887px; width: 230.039px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">10% reduction</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.1991px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10% increase</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in provision for decommissioning and sit</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e restoration at 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 147.035px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">28</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 127.775px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(26)</span></span></span><span style=\"display:inherit;clear:left;\">19) <span class=\"_ _35\"> </span>DEFERRED T<span class=\"_ _1\"></span>AX LIABILITIES/ASSETS  </span><span style=\"display:inherit;clear:left;position:relative;height:170.083984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.857px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Deferred tax liabilities, before offsetting</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 375.262px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">128</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">141</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.734px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Offsetting with deferred tax assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 401.67px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (77)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (82)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 719.062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">DEFERRED T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">X LIABILITIES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 451.301px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">51</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">59</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.834px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Deferred tax assets, before offsetting</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 379.56px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (408)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (457)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Offsettable deferred tax liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.142px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">77</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">82</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.869px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">DEFERRED T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">X ASSETS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 455.321px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (331)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.5585px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (375)</span></span></span><span style=\"display:inherit;clear:left;\">28 <span class=\"_ _94\"> </span>The costs refer to the estimated costs for the removal of the connection works to the Livorno LNG regasification terminal - OL<span class=\"_ _1\"></span>T Offshore LNG T<span class=\"_ _1\"></span>oscana. </span><span style=\"display:inherit;clear:left;\">29 <span class=\"_ _94\"> </span>For sensitivity purposes, only provisions for risks and charges with a significant accretion discount were considered. </span><span style=\"display:inherit;clear:left;\">Deferred tax liabilities and assets, before offsetting, are analysed below according to the nature of the most significant </span><span style=\"display:inherit;clear:left;\">temporary differences: </span><span style=\"display:inherit;clear:left;position:relative;height:1018.130859375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 431.953px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 707.5px; top: 20.9395px; width: 15.0293px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 647.109px; top: 27.6895px; width: 15.0293px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 283.281px; top: 33.8672px; width: 51.3867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Changes </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 684.266px; top: 34.4395px; width: 38.4141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">which: </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 488.75px; top: 40.6328px; width: 58.9805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 624.562px; top: 41.1895px; width: 38.4141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">which: </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 273.672px; top: 47.3672px; width: 61.0898px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rec</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ognised</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 364.609px; top: 47.3672px; width: 48.0527px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impacts </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 689.156px; top: 47.9395px; width: 33.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IRAP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">, </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 50.6953px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 207.016px; top: 54.1328px; width: 51.3516px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Opening </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 434.75px; top: 54.1328px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 496.766px; top: 54.1328px; width: 51.4688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">scope of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 562.656px; top: 54.1328px; width: 45.2168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Closing </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 631.188px; top: 54.6895px; width: 31.3477px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IRES, </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 300.203px; top: 60.8672px; width: 35.7012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">in the </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 346.719px; top: 60.8672px; width: 65.4844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rec</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ognised </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 673.219px; top: 61.4395px; width: 49.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">regional </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 211.188px; top: 67.6328px; width: 44.3906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">balance</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 421.906px; top: 67.6328px; width: 46.7285px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">changes</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 486.672px; top: 67.6328px; width: 58.6816px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">consolida-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 561.5px; top: 67.6328px; width: 44.3906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">balance</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 624.562px; top: 68.1895px; width: 35.6191px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">cor</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">po</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 291.172px; top: 74.3672px; width: 44.0566px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 359.281px; top: 74.3672px; width: 50.1035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">in equity</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 689.156px; top: 74.9395px; width: 33.4805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">trade </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 522.125px; top: 81.1328px; width: 23.1504px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tion</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 625.625px; top: 81.6895px; width: 37.1309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">ration </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 272.641px; top: 87.8672px; width: 59.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">stat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ement</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 680.219px; top: 88.4395px; width: 42.2402px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 642.453px; top: 95.1895px; width: 17.918px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tax</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 700.469px; top: 101.939px; width: 17.918px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tax</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 122.311px; width: 168.533px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation and amortisation </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 241.672px; top: 129.076px; width: 417.34px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">58</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 335.103px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">58</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">58</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 135.811px; width: 177.498px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">carried out for tax purposes only</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 156.186px; width: 144.65px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Decommissioning and site </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 235.656px; top: 162.951px; width: 233.115px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">119</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.951px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (119)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 169.686px; width: 61.3242px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">restoration</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 190.076px; width: 172.201px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Revaluations of property, plant </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 241.672px; top: 196.826px; width: 476.66px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">34</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.086px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">46</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">44</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 203.576px; width: 75.4453px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">an equipment</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 223.951px; width: 719.145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Capitalisation of financial expenses </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 341.66px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.621px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 244.311px; width: 659.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Write-do</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">wn of excess receivables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 342.129px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.1642px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 264.67px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other temporary differences</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.086px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 285.029px; width: 172.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Deferred tax liabilities, before </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 235.656px; top: 291.795px; width: 484.225px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">230</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.4239px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.895px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (125)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">128</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.5059px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">123</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 298.529px; width: 56.5137px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">offsetting</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 318.92px; width: 144.65px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Decommissioning and site </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 225.344px; top: 325.67px; width: 493.98px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (200)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.139px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">119</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 111.797px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (82)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (70)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (12)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 332.42px; width: 61.3242px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">restoration</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 352.795px; width: 158.953px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-deductible depreciation </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 225.344px; top: 359.545px; width: 494.367px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (203)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (32)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 241.266px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (235)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.8262px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (233)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 366.295px; width: 92.6074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and amortisation</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 386.67px; width: 173.162px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provisions for risks and charges </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 231.672px; top: 393.42px; width: 487.535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (41)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 248.326px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (40)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (39)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 400.17px; width: 184.254px; white-space: pre; word-spacing: 0px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and other non-deductible provisions</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 420.545px; width: 170.883px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-repayable and contractual </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 231.672px; top: 427.295px; width: 487.535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (18)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 248.326px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (17)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (15)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 434.045px; width: 34.8984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">grants</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 454.42px; width: 659.057px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee benefits</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 136.289px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (6)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 145.94px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 178.617px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (4)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 474.779px; width: 718.711px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other temporary differences</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (29)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.3846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (6)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (30)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (24)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (6)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 495.139px; width: 223.752px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Deferred tax assets, before offsetting</span><span style=\"word-spacing: 0px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 30.0234px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 223.752px; top: 495.139px; width: 349.389px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (497)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (37)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.6835px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">122</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.6875px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 573.141px; top: 495.139px; width: 145.852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (408)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.2637px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (385)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (23)</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 431.953px; top: 545.258px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 707.5px; top: 566.189px; width: 15.0293px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 647.109px; top: 572.924px; width: 15.0293px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 283.281px; top: 579.117px; width: 51.3867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Changes </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 684.266px; top: 579.689px; width: 38.4141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">which: </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 488.75px; top: 585.867px; width: 58.9805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 624.562px; top: 586.424px; width: 38.4141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">which: </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 273.672px; top: 592.617px; width: 61.0898px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rec</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ognised</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 364.609px; top: 592.617px; width: 48.0527px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impacts </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 689.156px; top: 593.189px; width: 33.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IRAP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">, </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 595.945px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 207.016px; top: 599.367px; width: 51.3516px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Opening </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 434.75px; top: 599.367px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 496.766px; top: 599.367px; width: 51.4688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">scope of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 562.656px; top: 599.367px; width: 45.2168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Closing </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 631.188px; top: 599.924px; width: 31.3477px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IRES, </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 300.203px; top: 606.117px; width: 35.7012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">in the </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 346.719px; top: 606.117px; width: 65.4844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rec</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ognised </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 673.219px; top: 606.689px; width: 49.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">regional </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 211.188px; top: 612.867px; width: 44.3906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">balance</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 421.906px; top: 612.867px; width: 46.7285px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">changes</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 486.672px; top: 612.867px; width: 58.6816px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">consolida-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 561.5px; top: 612.867px; width: 44.3906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">balance</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 624.562px; top: 613.424px; width: 35.6191px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">cor</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">po</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 291.172px; top: 619.617px; width: 44.0566px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 359.281px; top: 619.617px; width: 50.1035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">in equity</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 689.156px; top: 620.189px; width: 33.4805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">trade </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 522.125px; top: 626.367px; width: 23.1504px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tion</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 625.625px; top: 626.924px; width: 37.1309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">ration </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 272.641px; top: 633.117px; width: 59.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">stat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ement</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 680.219px; top: 633.689px; width: 42.2402px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 642.453px; top: 640.424px; width: 17.918px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tax</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 700.469px; top: 647.189px; width: 17.918px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tax</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 667.561px; width: 168.533px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation and amortisation </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 241.672px; top: 674.311px; width: 473.988px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">58</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">58</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">58</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 681.061px; width: 177.498px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">carried out for tax purposes only</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 701.436px; width: 172.201px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Revaluations of property, plant </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 241.672px; top: 708.186px; width: 477.246px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">46</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.621px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">45</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">43</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 714.936px; width: 75.4453px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">an equipment</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 735.311px; width: 719.174px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Capitalisation of financial expenses </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.1642px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 755.67px; width: 716.238px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Write-do</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">wn of excess receivables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.4531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.621px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 776.045px; width: 719.139px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other temporary differences</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.4531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">29</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">26</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 796.404px; width: 172.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Deferred tax liabilities, before </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 235.656px; top: 803.154px; width: 484.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">128</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.4239px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.4531px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">141</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.5059px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">135</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 809.904px; width: 56.5137px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">offsetting</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 830.279px; width: 144.65px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Decommissioning and site </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 231.672px; top: 837.029px; width: 487.477px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (82)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (87)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.5058px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (74)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (13)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 843.779px; width: 61.3242px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">restoration</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 864.154px; width: 158.953px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-deductible depreciation </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 227.438px; top: 870.92px; width: 491.637px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(235)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (32)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.5059px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(267)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.8262px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (265)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 877.654px; width: 92.6074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and amortisation</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 898.029px; width: 173.162px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provisions for risks and charges </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 231.672px; top: 904.795px; width: 484.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (40)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (12)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.6835px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (52)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (52)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 911.529px; width: 184.254px; white-space: pre; word-spacing: 0px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and other non-deductible provisions</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 931.904px; width: 170.883px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-repayable and contractual </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 231.672px; top: 938.67px; width: 487.307px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (17)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (17)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.5058px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (15)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 945.404px; width: 34.8984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">grants</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 965.779px; width: 715.998px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee benefits</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 136.289px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.7071px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 986.154px; width: 718.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other temporary differences</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (30)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 146.508px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (29)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.5058px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (18)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (11)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 1006.51px; width: 226.822px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Deferred tax assets, before offsetting</span><span style=\"word-spacing: 0px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 33.0938px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 226.822px; top: 1006.51px; width: 401.197px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(408)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(50)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.459px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(457)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.7012px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 628.02px; top: 1006.51px; width: 2.84766px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 630.867px; top: 1006.51px; width: 28.3711px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(429)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 659.238px; top: 1006.51px; width: 37.9688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 697.207px; top: 1006.51px; width: 21.5566px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(28)</span></span></span><span style=\"display:inherit;clear:left;\">20) <span class=\"_ _35\"> </span>LIABILITIES FOR EMPLOYEE BENEFITS </span><span style=\"display:inherit;clear:left;position:relative;height:117.458984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee severance indemnity (TFR)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 402.908px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.951px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Supplementary Healthcare Fund for Executives of Eni C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ompanies (FISDE)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 216.24px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other liabilities - employee benefits related t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o seniority bonuses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 260.303px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL LIABILITIES F</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OR EMPL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OYEE BENEFITS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 351.861px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">28</span></span></span><span style=\"display:inherit;clear:left;\">Liabilities for employee benefits, amounting to \u20ac28 million, were in line with the previous year<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">Employee severance indemnity, governed by Article 2120 of the Italian Civil Code, includes the estimated obligation, </span><span style=\"display:inherit;clear:left;\">determined on the basis of actuarial techniques, related to the amount to be paid to employees upon termination of </span><span style=\"display:inherit;clear:left;\">employment. The indemnity, which is paid in the form of a lump sum, is equal to the sum of allowances calculated on </span><span style=\"display:inherit;clear:left;\">the salary items paid in respect of the employment relationship and revalued up to the time of its termination. Due to </span><span style=\"display:inherit;clear:left;\">legislative changes introduced as of 1 January 2007, for companies with more than 50 employees, a significant portion of </span><span style=\"display:inherit;clear:left;\">the accrued severance indemnity is classified as a defined contribution plan, as the company's obligation is represented </span><span style=\"display:inherit;clear:left;\">solely by the payment of contributions to pension funds, i.e., INPS. The liability relating to post-employment benefits prior </span><span style=\"display:inherit;clear:left;\">to 1 January 2007 continues to represent a defined benefit plan to be measured using actuarial techniques. </span><span style=\"display:inherit;clear:left;\">FISDE includes the estimated costs, determined on an actuarial basis, related to the contributions to be paid for the </span><span style=\"display:inherit;clear:left;\">30</span><span style=\"display:inherit;clear:left;\">benefit of serving</span><span style=\"display:inherit;clear:left;\"> and retired executives.  </span><span style=\"display:inherit;clear:left;\">31</span><span style=\"display:inherit;clear:left;\">FISDE provides supplementary healthcare benefits to Eni Group executives</span><span style=\"display:inherit;clear:left;\"> and retired executives whose last </span><span style=\"display:inherit;clear:left;\">employment relationship was with the Eni Group in an executive capacity. FISDE is financed by the payment: (i) of </span><span style=\"display:inherit;clear:left;\">contributions from member companies; (ii) of contributions from Members for themselves and their families; (iii) from </span><span style=\"display:inherit;clear:left;\">ad hoc contributions for specific benefits. The amount of the liability and the cost of care are determined by taking as a </span><span style=\"display:inherit;clear:left;\">reference for the estimated health care costs paid by the fund the contribution that the company pays to pensioners.</span><span style=\"display:inherit;clear:left;\">The Isopensione fund concerns the employer's costs arising from the application of the implementation agreement, in </span><span style=\"display:inherit;clear:left;\">relation to the pension advance for employees, governed by Article 4, paragraphs 1-7 of Law no. 92/2012 (the so-called </span><span style=\"display:inherit;clear:left;\">'Fornero Law').</span><span style=\"display:inherit;clear:left;\">Seniority bonuses are benefits given upon reaching a minimum period of service in the company and are paid in kind in the </span><span style=\"display:inherit;clear:left;\">form of goods and/or services.</span><span style=\"display:inherit;clear:left;\">30 <span class=\"_ _94\"> </span>For serving executives, contributions are calculated from the year in which the employee retires and refer to the years of service already rendered.</span><span style=\"display:inherit;clear:left;\">31 <span class=\"_ _94\"> </span>The fund provides the same benefits to Snam Group executives.</span><span style=\"display:inherit;clear:left;\">The composition of and changes in liabilities for employee benefits, measured using actuarial techniques, are as follows:  </span><span style=\"display:inherit;clear:left;position:relative;height:357.771484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 344.938px; top: 0.0078125px; width: 294.152px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 173.285px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.6641px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 272.641px; top: 26.3203px; width: 59.4023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 506.188px; top: 26.3359px; width: 59.4023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 408.5px; top: 33.0703px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 642.453px; top: 33.0859px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 270.656px; top: 39.8203px; width: 60.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">severanc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 340.781px; top: 39.8203px; width: 33.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FISDE</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 457.172px; top: 39.8359px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 504.594px; top: 39.8359px; width: 60.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">severanc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 575.219px; top: 39.8359px; width: 33.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FISDE</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 690.875px; top: 39.8359px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 389.922px; top: 46.5703px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 623.328px; top: 46.5859px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 270.656px; top: 53.3203px; width: 57.5684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">indemnity</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 504.594px; top: 53.3359px; width: 57.5684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">indemnity</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 80.2324px; width: 214.154px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">LIABILITIES FOR EMPL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OYEE BENEFITS </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 314.484px; top: 86.9824px; width: 404.766px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">26</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">36</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.7324px; width: 184.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T THE BEGINNING OF THE YEAR</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 120.061px; width: 178.342px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Costs related t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o current services </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 321.062px; top: 126.811px; width: 397.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.504px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.504px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 133.561px; width: 196.84px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(recognised under 'personnel costs')</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.889px; width: 221.291px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Interest cost (rec</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ognised under financial </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 554.578px; top: 166.639px; width: 164.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.504px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 173.389px; width: 54.8086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">expenses)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 199.717px; width: 183.973px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Actuarial (gains)/losses from past </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 213.217px; width: 199.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">experience adjustments (recognised </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 554.578px; top: 213.217px; width: 164.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.504px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 226.717px; width: 174.328px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">in other comprehensive inc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ome)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 253.029px; width: 205.049px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Actuarial (gains)/losses from changes </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 266.529px; width: 199.189px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">in financial assumptions (recognised </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 313.375px; top: 266.529px; width: 171.855px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.0039px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.8009px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(8)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 280.029px; width: 174.328px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">in other comprehensive inc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ome)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 306.342px; width: 718.734px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Benefits paid</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 241.266px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.99px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 142.412px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(3)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 332.654px; width: 214.154px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">LIABILITIES FOR EMPL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OYEE BENEFITS </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 314.484px; top: 339.42px; width: 404.766px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">20</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">28</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 346.154px; width: 144.867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T THE END OF THE YE</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AR</span></span></span><span style=\"display:inherit;clear:left;\">The table below shows the main actuarial assumptions used to value the liabilities at the end of the year and to determine </span><span style=\"display:inherit;clear:left;position:relative;height:197.43359375px;\"><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 186.99px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 13.5px; font-family: ff7b; -webkit-text-stroke: 0.2025px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">the cost for the following year</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 13.5px; font-family: ff7b; -webkit-text-stroke: 0.2025px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 383.391px; top: 55.9453px; width: 272.836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 151.969px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 5.32812px; top: 82.6016px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 319.812px; top: 82.2578px; width: 59.4023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 532.844px; top: 82.2734px; width: 59.4023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 478.172px; top: 89.0078px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 691px; top: 89.0234px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 318.703px; top: 95.7578px; width: 60.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">severanc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 410.281px; top: 95.7578px; width: 33.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FISDE</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 530.266px; top: 95.7734px; width: 60.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">severanc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 623.734px; top: 95.7734px; width: 33.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FISDE</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 458.516px; top: 102.508px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 670.594px; top: 102.523px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 317.609px; top: 109.258px; width: 57.5684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">indemnity</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 530.266px; top: 109.273px; width: 57.5684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">indemnity</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 5.32812px; top: 136.17px; width: 718.746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Discount rate (%)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 259.06px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">4.0</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2696px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4.0</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2696px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4.0</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.3846px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2696px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2696px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.4</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 5.32812px; top: 162.482px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Inflation rate (%) (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 244.857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2.5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2696px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2.5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2696px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2.5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.3846px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2.0</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2696px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2.0</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2696px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2.0</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 5.32812px; top: 188.441px; width: 318.035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff74; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)   With regard to other liabilities, the rate refers only t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff74; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o seniority bonuses.</span></span></span><span style=\"display:inherit;clear:left;\">The discount rate adopted was determined by taking into account bond yields of leading companies (Euro area corporate </span><span style=\"display:inherit;clear:left;\">bonds and A<span class=\"_ _0\"></span>A ratings).</span><span style=\"display:inherit;clear:left;\">The employee benefit plans recognised by Snam are subject, in particular<span class=\"_ _c\"></span>, to interest rate risk, as a change in the discount </span><span style=\"display:inherit;clear:left;\">rate could lead to a significant change in the liability.</span><span style=\"display:inherit;clear:left;\">The effects of a reasonably possible change in the discount rate at the end of the financial year are illustrated below. It </span><span style=\"display:inherit;clear:left;\">should also be noted that any changes in mortality do not have a significant effect on the liability. The sensitivity on the </span><span style=\"display:inherit;clear:left;\">discount rate represents the change in value of the liability that is obtained with the year-end valuation data, by varying </span><span style=\"display:inherit;clear:left;\">the discount rate by a certain number of basis points, subject to other assumptions. </span><span style=\"display:inherit;clear:left;position:relative;height:91.130859375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 659.801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 410.438px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ariation in the discount rat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.67px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Effect on net obligation at 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 274.688px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.5% reduction</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.5% increase</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 719.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in employee severance indemnity at 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 260.918px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 131.76px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.764px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in liabilities for FISDE at 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 328.19px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 130.975px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span></span></span><span style=\"display:inherit;clear:left;\">The maturity profile of employee benefit plan obligations is shown in the table below: </span><span style=\"display:inherit;clear:left;position:relative;height:197.099609375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 344.359px; top: 0.0078125px; width: 294.152px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 173.285px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.6641px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 270.875px; top: 26.3203px; width: 59.4023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 505.031px; top: 26.3359px; width: 59.4023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 408.469px; top: 33.0703px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 642.953px; top: 33.0859px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 269.406px; top: 39.8203px; width: 60.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">severanc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 340.172px; top: 39.8203px; width: 33.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FISDE</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 456.359px; top: 39.8359px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 503.953px; top: 39.8359px; width: 60.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">severanc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 574.641px; top: 39.8359px; width: 33.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FISDE</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 688.844px; top: 39.8359px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 390.031px; top: 46.5703px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 623.188px; top: 46.5859px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 269.406px; top: 53.3203px; width: 57.5684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">indemnity</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 503.953px; top: 53.3359px; width: 57.5684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">indemnity</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 80.2324px; width: 719.104px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Within the next year</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 210.404px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.504px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.6835px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 106.545px; width: 718.629px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Within five years</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 230.42px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.504px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">8</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.857px; width: 718.729px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Over five and up t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o ten years</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 157.629px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1482px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">9</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.17px; width: 718.629px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Over ten years</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 241.266px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1482px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1482px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">8</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 185.482px; width: 718.875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL LIABILITIES F</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OR EMPL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OYEE BENEFITS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">28</span></span></span><span style=\"display:inherit;clear:left;\">The weighted average duration of employee benefit plan obligations is shown below: </span><span style=\"display:inherit;clear:left;position:relative;height:91.849609375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 378.609px; top: 0.0078125px; width: 272.836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 151.969px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.6641px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 315.203px; top: 26.3203px; width: 59.4023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 526.5px; top: 26.3359px; width: 59.4023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 472.234px; top: 33.0703px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 684.422px; top: 33.0859px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 313.141px; top: 39.8203px; width: 60.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">severanc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 403.703px; top: 39.8203px; width: 33.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FISDE</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 524.422px; top: 39.8359px; width: 60.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">severanc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 616.719px; top: 39.8359px; width: 33.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FISDE</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 452.672px; top: 46.5703px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 665.75px; top: 46.5859px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 313.141px; top: 53.3203px; width: 57.5684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">indemnity</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 524.422px; top: 53.3359px; width: 57.5684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">indemnity</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 80.2324px; width: 576.064px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Weight</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ed average duration (years)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 175.518px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 576.064px; top: 80.2324px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">7</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 582.885px; top: 80.2324px; width: 54.0703px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 636.955px; top: 80.2324px; width: 13.6348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">19</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 650.59px; top: 80.2324px; width: 54.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 705.041px; top: 80.2324px; width: 13.6348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">11</span></span></span><span style=\"display:inherit;clear:left;\">21) <span class=\"_ _35\"> </span>OTHER CURRENT <span class=\"_ _c\"></span>AND NON-CURRENT LIABILITIES </span><span style=\"display:inherit;clear:left;position:relative;height:302.380859375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 391.078px; top: 0.0078125px; width: 264.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 143.385px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 19.9141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 418.547px; top: 26.3359px; width: 27.5098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 623.188px; top: 26.3516px; width: 27.5098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 333.797px; top: 33.0859px; width: 44.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 485.703px; top: 33.0859px; width: 97.5586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.7012px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 688.844px; top: 33.1016px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 403.703px; top: 39.8359px; width: 42.6035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 608.828px; top: 39.8516px; width: 42.6035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">current</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.748px; width: 718.922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Security deposits</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 323.567px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.382</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1.382</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.195px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">1.040</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1.040</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0605px; width: 718.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Fuel gas</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 313.67px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">718</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">720</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">532</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">100</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">632</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.373px; width: 718.91px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regulatory liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 246.779px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">104</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">112</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">216</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">99</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">149</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.686px; width: 719.004px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other taxes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 300.662px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">29</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.566px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">29</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">65</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.566px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">65</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 172.014px; width: 718.852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Market value of non-hedging financial derivativ</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 366.662px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">14</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.326px; width: 719.051px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- IRPEF withholdings for employees</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 180.053px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.795px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">7</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 224.639px; width: 718.951px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Liabilities for connection contributions</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 229.922px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">7</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 250.951px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 340.02px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.795px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.566px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">10</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 277.264px; width: 255.029px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL O</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">THER CURRENT AND NON-CURRENT </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 357.938px; top: 284.029px; width: 360.393px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">868</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,502</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,370</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">713</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,211</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,924</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.764px; width: 63.3867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">LIABILITIES</span></span></span><span style=\"display:inherit;clear:left;\">Security deposits (\u20ac1,040 million) refer to payments received as guarantees, mainly from users of the balancing service, </span><span style=\"display:inherit;clear:left;\">pursuant to resolution ARG/gas 45/11. </span><span style=\"display:inherit;clear:left;\">The item \"Fuel gas\" (\u20ac632 million<span class=\"_ _c\"></span>), mainly attributable to the transportation segment (\u20ac524 million), principally refers </span><span style=\"display:inherit;clear:left;\">to the liability recognised for the volumes of gas to be used for the operation of the system, in compliance with the </span><span style=\"display:inherit;clear:left;\">provisions of resolution 165/2022/R/Gas \"Urgent provisions for the allocation of storage capacity pursuant to Decree No. </span><span style=\"display:inherit;clear:left;\">138 of the Ministry of Ecological Transition, now the Ministry of the Environment and Energy Security of 1 April 2022\".</span><span style=\"display:inherit;clear:left;\">Regulatory liabilities (\u20ac149 million) mainly relate to the transport sector (\u20ac105 million) for penalties charged to users who </span><span style=\"display:inherit;clear:left;\">exceeded their committed capacity, to be returned to the system through tariff adjustments. </span><span style=\"display:inherit;clear:left;\">The market value of non-hedging financial derivatives (\u20ac14 million<span class=\"_ _c\"></span>) relates to the embedded option component of the </span><span style=\"display:inherit;clear:left;\">debenture loan convertible into Italgas S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. ordinary shares.</span><span style=\"display:inherit;clear:left;\">22) <span class=\"_ _35\"> </span>TRADE <span class=\"_ _c\"></span>AND OTHER P<span class=\"_ _11\"></span>A<span class=\"_ _1\"></span>Y<span class=\"_ _11\"></span>ABLES</span><span style=\"display:inherit;clear:left;position:relative;height:301.662109375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 719.197px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade payables for the purchase of goods and services</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 292.781px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,546</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">987</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal trade payables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 475.395px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,546</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">987</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 716.191px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other payables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 630.322px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.77px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Pa</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yables to the Cassa per i Servizi Energetici e Ambientali (CSEA)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 236.145px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5,571</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,037</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 719.238px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Pa</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yables for investment activities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 407.565px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">519</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">938</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Interim dividend</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 500.561px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">369</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">378</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 719.279px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Pa</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yables to personnel</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 477.581px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">45</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">45</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 718.729px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Pa</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yables to social security institutions</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 390.487px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">25</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">25</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 237.42px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 559.305px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">54</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">56</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 263.732px; width: 718.91px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal other payables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 475.395px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6,583</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5,479</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.045px; width: 718.734px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL TRADE AND OTHER P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Y</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ABLES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 377.606px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8,129</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6,466</span></span></span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>rade payables for the purchase of goods and ser<span class=\"_ _0\"></span>vices (\u20ac987 million) are mainly related to the transportation sector </span><span style=\"display:inherit;clear:left;\">(\u20ac488 million, of which \u20ac169 million from balancing activities) and the energy transition sector (\u20ac350 million<span class=\"_ _c\"></span>). </span><span style=\"display:inherit;clear:left;\">Liabilities for investment activities (\u20ac938 million) mainly relate to the transmission (\u20ac462 million<span class=\"_ _c\"></span>) and natural gas </span><span style=\"display:inherit;clear:left;\">storage (\u20ac93 million) sectors and also include estimated liabilities for contractually agreed earn-outs. </span><span style=\"display:inherit;clear:left;\">Payables to CSEA (\u20ac4,037 million) mainly refer to: (i) payables related to the retrocession of amounts obtained from </span><span style=\"display:inherit;clear:left;\">the sale of gas volumes purchased for the last resort filling service in compliance with resolutions 274/2022/R<span class=\"_ _0\"></span>/Gas and </span><span style=\"display:inherit;clear:left;\">3/2023/R/Gas (\u20ac2,062 million); (ii) payables for additional tariff components (\u20ac1,637 million<span class=\"_ _c\"></span>); (iii) payables related to </span><span style=\"display:inherit;clear:left;\">purchase and sale transactions carried out by the gas balancing manager (\u20ac247 million).</span><span style=\"display:inherit;clear:left;\">The interim dividend (\u20ac378 million) refers to the payable to shareholders for the 2023 interim dividend of \u20ac0.1128 per </span><span style=\"display:inherit;clear:left;\">share, which was resolved on 8 November 2023. The interim payment was made starting from 24 January 2024. </span><span style=\"display:inherit;clear:left;\">Payables to related parties are illustrated in Note 37 'T<span class=\"_ _c\"></span>ransactions with related parties'.</span><span style=\"display:inherit;clear:left;\">23) EQUITY<span class=\"ws1\"> </span></span><span style=\"display:inherit;clear:left;position:relative;height:459.568359375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Share capital</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 514.545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,736</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,736</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.594px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">reasury shares</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.832px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(33)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.2793px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(30)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Share premium reserve </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 464.58px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">611</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">611</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 719.033px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Legal reserve</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 523.399px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">547</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">547</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cash flow hedge reserve</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 462.289px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(39)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(32)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Reserve for defined benefit plans for employees </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 336.838px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(6)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">F</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">air value reser</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ve for equity investments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.443px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(12)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(15)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 718.805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Reserve for business combinations under common c</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ontrol</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 273.803px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(674)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(674)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 237.42px; width: 719.068px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other reserves</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 515.145px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">212</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">170</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 263.732px; width: 718.652px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal reser</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ves</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 524.074px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">30</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.2793px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(10)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.045px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Profits from previous years</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 439.331px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,822</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,571</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 316.373px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Interim dividend</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 499.511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(369)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(378)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 342.686px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Profit for the year </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 495.716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">671</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,135</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 368.998px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal retained earnings</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 457.249px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,124</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,328</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 395.311px; width: 718.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity of the parent company</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 427.08px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7,468</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7,635</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 421.623px; width: 718.582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Minority interests</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">56</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.7267px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">45</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 447.951px; width: 718.605px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL SHAREHOLDERS\u2019 E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">QUIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Y</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 405.862px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7,524</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7,680</span></span></span><span style=\"display:inherit;clear:left;\">23.1 <span class=\"_ _85\"> </span>Share capital</span><span style=\"display:inherit;clear:left;\">The share capital at 31 December 2023 consisted of 3,360,857,809 shares without nominal value (unchanged from 31 </span><span style=\"display:inherit;clear:left;\"><span><span style=\"display:inherit;clear:left;\">December 2022), with a total value of \u20ac2,735,670,475.56 (unchanged from 31 December 2022).</span></span> </span><span style=\"display:inherit;clear:left;\">23.2 <span class=\"_ _85\"> </span>T<span class=\"_ _1\"></span>reasury shares</span><span style=\"display:inherit;clear:left;\">The negative reserve for the purchase of treasur<span class=\"_ _0\"></span>y shares includes the purchase cost of 7,244,579 treasur<span class=\"_ _0\"></span>y shares at 31 </span><span style=\"display:inherit;clear:left;\">December 2023 (8,101,437 treasury shares, equal to 0.24% of the share capital, at 31 December 2022, equal to 0.22% of </span><span style=\"display:inherit;clear:left;\">the share capital), for a book value of \u20ac30 million (\u20ac33 million at 31 December 2022). The market value of treasury shares </span><span style=\"display:inherit;clear:left;\">32</span><span style=\"display:inherit;clear:left;\">at 31 December 2023 amounts to approximately \u20ac34 million</span><span style=\"display:inherit;clear:left;\">. </span><span style=\"display:inherit;clear:left;\">32 <span class=\"_ _94\"> </span>Calculated by multiplying the number of treasury shares by the period-end official price of \u20ac4.655 per share.</span><span style=\"display:inherit;clear:left;\">In compliance with the provisions of Article 2428 of the Italian Civil Code, the treasury shares held by the Company at 31 </span><span style=\"display:inherit;clear:left;\">December 2023 are analysed in the table below: </span><span style=\"display:inherit;clear:left;position:relative;height:434.693359375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 686.828px; top: 0.0078125px; width: 35.6426px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Share </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 401.797px; top: 6.75781px; width: 48.6855px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Number </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 466.125px; top: 6.75781px; width: 77.3027px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">verage c</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ost </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 594.578px; top: 6.75781px; width: 59.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal c</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ost </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 678.797px; top: 13.5078px; width: 43.7695px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Capital </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 395.031px; top: 20.2578px; width: 52.6465px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of shares</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 506.188px; top: 20.2578px; width: 34.4766px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(eur</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 568.547px; top: 20.2578px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 699.359px; top: 27.0078px; width: 22.4414px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(%) </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.8887px; width: 719.033px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">reasury shares at 31 December 2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.92px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">88,556,228</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.999</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.5509px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">354</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2.63</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 106.545px; width: 95.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Movements 2022</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.857px; width: 650.977px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Shares allocated for con</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">version of the Con</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vertible Bond</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(-)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9023px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">79,444,888</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.998</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.5509px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">318</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.17px; width: 293.514px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 2.30859px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Shares granted free of charge under the 2019 st</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ock  </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 354.938px; top: 165.92px; width: 297.006px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(-)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,760,307</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4.000</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 9.25px; top: 172.67px; width: 75.9609px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">incentive plan</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.998px; width: 650.678px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Purchases 2022 (sell to co</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ver)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 184.881px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(+)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2168px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">750,404</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4.908</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 251.639px; width: 718.729px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">reasury shares at 31 December 2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 184.881px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8,101,437</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4.076</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.9142px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">33</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.24</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 304.295px; width: 95.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Movements 2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 330.607px; width: 293.537px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">-  </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Shares granted free of charge under the 2020 stock  </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 354.938px; top: 337.357px; width: 92.8125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(-)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,468,158</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 9.25px; top: 344.107px; width: 75.9609px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">incentive plan</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 370.436px; width: 446.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">-  </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Purchases 2023 (sell to cover)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 182.455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(+)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">611,300</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 423.076px; width: 718.729px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">reasury shares at 31 December 2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 184.881px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7,244,579</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4.133</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.9142px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">30</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.22</span></span></span><span style=\"display:inherit;clear:left;\">The reduction in the number of treasury shares compared to 31 December 2022 is attributable to the free assignment </span><span style=\"display:inherit;clear:left;\">of 1,468,158 shares to Snam executives under the 2020 Share-based Incentive Plan, the vesting period of which expired </span><span style=\"display:inherit;clear:left;\">in July 2023, and to the concurrent purchase, by the assignee executives, of 611,300 shares to cover the amount of </span><span style=\"display:inherit;clear:left;\">taxes owed by the assignees. </span><span style=\"display:inherit;clear:left;\">The Ordinary Shareholders' Meeting of Snam, held on 4 May 2023, authorised, after revoking the resolution to </span><span style=\"display:inherit;clear:left;\">authorise the purchase of treasury shares taken by the Ordinary Shareholders' Meeting on 27 April 2022, for the </span><span style=\"display:inherit;clear:left;\">portion remaining unexecuted, the purchase of treasury shares, to be made on one or more occasions through one </span><span style=\"display:inherit;clear:left;\">or more primary intermediaries appointed by Snam S<span class=\"_ _0\"></span>.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>., for a maximum duration of 18 months from the date of </span><span style=\"display:inherit;clear:left;\">the Shareholders' Meeting, with a maximum disbursement of \u20ac500 million and up to a maximum of 4.5% of the share </span><span style=\"display:inherit;clear:left;\">capital subscribed and released.</span><span style=\"display:inherit;clear:left;\">23.3 <span class=\"_ _85\"> </span>Share premium reserve</span><span style=\"display:inherit;clear:left;\">The share premium reserve at 31 December 2023 amounted to \u20ac611 million (the same as at 31 December 2022).</span><span style=\"display:inherit;clear:left;\">23.4 Reserves</span><span style=\"display:inherit;clear:left;\">Legal reserve</span><span style=\"display:inherit;clear:left;\">The legal reserve at 31 December 2023 amounted to \u20ac547 million (the same as at 31 December 2022) and had already </span><span style=\"display:inherit;clear:left;\">reached one fifth of the share capital, as required by Article 2430 of the Italian Civil Code.</span><span style=\"display:inherit;clear:left;\">Cash flow hedge reserve</span><span style=\"display:inherit;clear:left;\">The cash flow hedge reserve (-\u20ac32 million, -\u20ac39 million at 31 December 2022, net of related tax effects) refers to the fair </span><span style=\"display:inherit;clear:left;\">value measurement of hedging derivatives. </span><span style=\"display:inherit;clear:left;\">Changes in the reserve during the year are analysed below: </span><span style=\"display:inherit;clear:left;position:relative;height:143.771484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.84px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 353.373px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Gross reser</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ve</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ax effect</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.125px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Net reserve</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">BALANCE A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 01.01.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.756px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(70)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">16</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.8105px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(54)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.893px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Changes in the financial year 2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 315.908px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.7267px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">BALANCE A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.756px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(51)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.8105px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(39)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.893px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Changes in the financial year 2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 315.908px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.7267px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">BALANCE A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.756px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(41)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.2793px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(32)</span></span></span><span style=\"display:inherit;clear:left;\">Reserve for defined benefit plans for employees</span><span style=\"display:inherit;clear:left;\">The reserve for defined employee benefit plans at 31 December 2023 (-\u20ac6 million; \u20ac-4 million at 31 December 2022) </span><span style=\"display:inherit;clear:left;\">includes actuarial losses, net of the related tax effect, recognised in other comprehensive income, in accordance with </span><span style=\"display:inherit;clear:left;\">IAS 19.</span><span style=\"display:inherit;clear:left;\">Fair value reserve for equity investments</span><span style=\"display:inherit;clear:left;\">The fair value reserve for equity investments at 31 December 2023 (-\u20ac15 million; -\u20ac12 million at 31 December 2022) </span><span style=\"display:inherit;clear:left;\">includes the change in fair value of minority interests for which, upon initial recognition, Snam opted for measurement at </span><span style=\"display:inherit;clear:left;\">FV<span class=\"_ _0\"></span>TOCI (\"fair value through other comprehensive income\"). For more details, see Note 11 '<span class=\"_ _c\"></span>Other current and non-current </span><span style=\"display:inherit;clear:left;\">financial assets'.</span><span style=\"display:inherit;clear:left;\">Reserve for business combinations under common control</span><span style=\"display:inherit;clear:left;\">The reserve for business combinations under common control (\u20ac-674 million; likewise at 31 December 2022), recognised </span><span style=\"display:inherit;clear:left;\">as part of a business combination under common control (BCUCC) carried out in 2009 with the former parent company </span><span style=\"display:inherit;clear:left;\">Eni, relates to the value arising from the difference between the purchase cost of the investment in Stogit and the related </span><span style=\"display:inherit;clear:left;\">equity attributable to the group at the date the transaction was completed.</span><span style=\"display:inherit;clear:left;\">Other reserves</span><span style=\"display:inherit;clear:left;\">Other reserves of \u20ac170 million (\u20ac212 million at 31 December 2022) mainly refer to the portions of other comprehensive </span><span style=\"display:inherit;clear:left;\">income of investments accounted for using the equity method, in particular<span class=\"_ _1\"></span>, to changes in the fair value of hedging </span><span style=\"display:inherit;clear:left;\">derivatives. </span><span style=\"display:inherit;clear:left;\">23.5 <span class=\"_ _85\"> </span>Retained earnings  <span class=\"_ _13\"> </span> </span><span style=\"display:inherit;clear:left;\">Retained earnings (\u20ac4,328 million) include:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>profits from previous years, amounting to \u20ac3,571 million (\u20ac3,822 million at 31 December 2022); the reduction of \u20ac251 </span><span style=\"display:inherit;clear:left;\">million, compared to 31 December 2022, is due to the use of part of the retained earnings reserve for the distribution of </span><span style=\"display:inherit;clear:left;\">the 2022 dividend;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the advance payment of \u20ac378 million, equal to \u20ac0.1128 per share, approved on 8 November 2023 by the Board of </span><span style=\"display:inherit;clear:left;\">Directors pursuant to Article 2433-bis, paragraph 5, of the Italian Civil Code. The interim payment was made on 24 </span><span style=\"display:inherit;clear:left;\">January 2024, with ex-dividend date on 22 Januar<span class=\"_ _0\"></span>y 2024 and record date on 23 Januar<span class=\"_ _0\"></span>y 2024;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>profit for thefinancial year 2023, amounting to \u20ac1,135 million.</span><span style=\"display:inherit;clear:left;\">23.6 <span class=\"_ _85\"> </span>Dividends declared and distributed and dividends to be distributed</span><span style=\"display:inherit;clear:left;\">On 4 May 2023, the Ordinary Shareholders' Meeting of Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. resolved to distribute an interim dividend of \u20ac0.1651 </span><span style=\"display:inherit;clear:left;\">per share, payable as of 21 June 2023 with ex-dividend date on 19 June 2023 and record date on 20 June 2023 (\u20ac553 </span><span style=\"display:inherit;clear:left;\">million). The dividend for the financial year 2022 is therefore determined between an interim dividend of \u20ac0.1100 per </span><span style=\"display:inherit;clear:left;\">share (\u20ac369 million), already distributed in January 2023, and the balance of \u20ac0.2751 per share.  </span><span style=\"display:inherit;clear:left;\">The Board of Directors, in its meeting of 13 March 2024, proposed to the Shareholders' Meeting convened for 7 </span><span style=\"display:inherit;clear:left;\">May 2024, the distribution of a dividend of \u20ac0.1692 per share, which will be payable as of 26 June 2024 with ex-</span><span style=\"display:inherit;clear:left;\">dividend date on 24 June 2024 and record date on 25 June 2024. The dividend for the financial year 2023 is therefore </span><span style=\"display:inherit;clear:left;\">determined between an interim dividend of \u20ac0.1128 per share (\u20ac378 million), already distributed in January 2024, and </span><span style=\"display:inherit;clear:left;\">the balance of \u20ac0.2820 per share.</span><span style=\"display:inherit;clear:left;\">24) <span class=\"_ _35\"> </span>BUSINESS COMBINA<span class=\"_ _1\"></span>TIONS </span><span style=\"display:inherit;clear:left;\">Information on business combination transactions carried out during 2023, recognised in accordance with the provisions </span><span style=\"display:inherit;clear:left;\">of IFRS 3 'Business Combinations' for which, as the definition of a Business Combination (BC) is applicable, Purchase Price </span><span style=\"display:inherit;clear:left;\">Allocation (PP<span class=\"_ _c\"></span>A) activities were performed, is presented below.</span><span style=\"display:inherit;clear:left;\">Acquisitions completed during 2023 that fall within the definition of 'Business Combinations' under IFRS 3</span><span style=\"display:inherit;clear:left;\">During 2023, control was acquired of 10 companies operating in the biogas/biomethane business. Consistent with the </span><span style=\"display:inherit;clear:left;\">33</span><span style=\"display:inherit;clear:left;\">definition of the Group's C<span class=\"_ _c\"></span>GUs, eight companies were included within the Biomethane Agri CGU</span><span style=\"display:inherit;clear:left;\"> and two companies </span><span style=\"display:inherit;clear:left;\">34</span><span style=\"display:inherit;clear:left;\">within the Biomethane Waste CGU</span><span style=\"display:inherit;clear:left;\">. </span><span style=\"display:inherit;clear:left;\">For the purposes of the Annual Report 2023, the company made a preliminary allocation of the purchase price; the </span><span style=\"display:inherit;clear:left;\">process of identifying the fair value of the assets and liabilities acquired will be completed in the following period, within </span><span style=\"display:inherit;clear:left;\">12 months of each respective acquisition date.   </span><span style=\"display:inherit;clear:left;\">The acquisitions pertaining to the Biomethano Agri CGU were completed for a total consideration of \u20ac32 million, including </span><span style=\"display:inherit;clear:left;\">the estimated earn-outs provided for in the contract. The preliminar<span class=\"_ _0\"></span>y allocation of the acquisition price resulted in the </span><span style=\"display:inherit;clear:left;\">recognition of goodwill equal to \u20ac13 million and the recognition of \u20ac14 million allocated to intangible assets (attributable </span><span style=\"display:inherit;clear:left;\">to the fair value of the authorisations of the plants held by the companies subject to acquisition), in addition to related </span><span style=\"display:inherit;clear:left;\">deferred taxes of \u20ac4 million. </span><span style=\"display:inherit;clear:left;\">With reference to the acquisitions pertaining to the Biomethane Waste CGU<span class=\"_ _1\"></span>, for a total consideration of \u20ac67 million </span><span style=\"display:inherit;clear:left;\">including the estimated earn-outs contractually provided for<span class=\"_ _1\"></span>, the preliminar<span class=\"_ _0\"></span>y allocation of the acquisition price resulted </span><span style=\"display:inherit;clear:left;\">in goodwill of \u20ac11 million and the recognition of \u20ac32 million allocated to intangible assets and property, plant and </span><span style=\"display:inherit;clear:left;\">equipment, in addition to related deferred taxes of \u20ac9 million. </span><span style=\"display:inherit;clear:left;\">33 <span class=\"_ _94\"> </span>The following companies were acquired: 1) Agriwatt Castel Goffredo Societ\u00e0 Agricola a r<span class=\"_ _c\"></span>.l., 2) Soragna Agroenergie Societ\u00e0 Agricola S.r.l., 3) Zibello </span><span style=\"display:inherit;clear:left;\">Agroenergie Societ\u00e0 Agricola S.r.l., 4) Bietifin S.r<span class=\"_ _1\"></span>.l., 5) Moglia Energia Societ\u00e0 Agricola a r.l., 6) MST S.r<span class=\"_ _c\"></span>.l., 7) Societ\u00e0 Agricola Agrimetano Ro S.r.l., 8) Societ\u00e0 </span><span style=\"display:inherit;clear:left;\">Agricola Pozzonovo S.r<span class=\"_ _1\"></span>.l..</span><span style=\"display:inherit;clear:left;\">34 <span class=\"_ _94\"> </span>The following companies were acquired: 1) CH4 Energy S.r.l., 2) Biowaste CH4 Legnano S.r<span class=\"_ _1\"></span>.l.</span><span style=\"display:inherit;clear:left;\">25) <span class=\"_ _35\"> </span>NON-CONTROLLING INTERESTS OF SUBSIDIARIES</span><span style=\"display:inherit;clear:left;\">The economic and financial disclosures required by IFRS 12 for subsidiaries with significant non-controlling interests, with </span><span style=\"display:inherit;clear:left;\">reference to the financial years ended 31 December 2022 and 31 December 2023, are presented below. </span><span style=\"display:inherit;clear:left;position:relative;height:832.49609375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 409.484px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 304.859px; top: 24.6328px; width: 47.1504px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Reno</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vit </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 546.625px; top: 31.3828px; width: 35.0332px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 313.141px; top: 38.1328px; width: 38.1855px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Public </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 390.031px; top: 38.1328px; width: 25.2539px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TEP </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 609.859px; top: 38.1328px; width: 64.5645px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Intragroup </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 436.391px; top: 44.8828px; width: 55.7168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Iniziative </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 521.516px; top: 44.8828px; width: 60.5215px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">companies </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 163.859px; top: 51.6328px; width: 47.1504px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Reno</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vit </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 225.172px; top: 51.6328px; width: 40.9453px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Evolv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 294.719px; top: 51.6328px; width: 56.9766px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Solutions </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 372.984px; top: 51.6328px; width: 42.9844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 601.641px; top: 51.6328px; width: 73.6348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">eliminations </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 58.3828px; width: 85.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 427.578px; top: 58.3828px; width: 65.3672px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Biometano </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 516.234px; top: 58.3828px; width: 64.9805px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">individually </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 688.844px; top: 58.3828px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 176.484px; top: 65.1328px; width: 32.4727px; white-space: pre; word-spacing: -0.36px; letter-spacing: 0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">S.</span><span style=\"word-spacing: -0.36px; letter-spacing: 0.36px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">p</span><span style=\"word-spacing: -0.36px; letter-spacing: 0.36px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.A.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 231.406px; top: 65.1328px; width: 32.4727px; white-space: pre; word-spacing: -0.36px; letter-spacing: 0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">S.</span><span style=\"word-spacing: -0.36px; letter-spacing: 0.36px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">p</span><span style=\"word-spacing: -0.36px; letter-spacing: 0.36px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.A.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 316.516px; top: 65.1328px; width: 35.0332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 363.688px; top: 65.1328px; width: 51.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Solution </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 594.594px; top: 65.1328px; width: 80.6309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">consolidation </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 456.359px; top: 71.8828px; width: 32.4727px; white-space: pre; word-spacing: -0.36px; letter-spacing: 0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">S.</span><span style=\"word-spacing: -0.36px; letter-spacing: 0.36px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">p</span><span style=\"word-spacing: -0.36px; letter-spacing: 0.36px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.A.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 558.922px; top: 71.8828px; width: 22.5645px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">not </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 294.719px; top: 78.6328px; width: 53.9648px; white-space: pre; word-spacing: -2.88px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(formerl</span><span style=\"word-spacing: -2.88px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y  </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 388.109px; top: 78.6328px; width: 24.1699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">S.r</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.l</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 600.422px; top: 78.6328px; width: 71.1387px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">adjustments</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 516.234px; top: 85.3828px; width: 62.584px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">relevant(</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">*)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 278.297px; top: 92.1328px; width: 70.0078px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Mieci S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 117.311px; width: 489.287px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 133.119px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">98</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">236</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">68</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">627</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">35</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 141.936px; width: 489.305px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.051px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(21)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.3691px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(211)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.9199px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(39)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2168px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(604)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 166.561px; width: 489.48px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL NET ASSETS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.7267px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">77</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">25</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">29</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 191.186px; width: 489.029px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-controlling interests %</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.7012px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">49%</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 215.811px; width: 718.875px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to third parties</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.5196px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4531px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(25)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.0938px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">56</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 240.436px; width: 489.328px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Net result</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 139.605px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.99px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 265.061px; width: 20.0098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">OCI</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 289.686px; width: 141.65px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OMPREHENSIVE </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 193.625px; top: 296.436px; width: 295.5px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 303.186px; width: 47.0684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">INCOME</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 327.811px; width: 489.029px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-controlling interests %</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.7012px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">49%</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 352.436px; width: 119.426px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to third </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 256.703px; top: 359.186px; width: 461.59px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.99px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 168.322px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 365.936px; width: 37.8516px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">parties</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 395.254px; width: 124.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">It refers to nine companies.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 448.422px; top: 455.258px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 381.078px; top: 479.883px; width: 47.1504px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Reno</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vit </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 546.625px; top: 486.633px; width: 35.0332px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 390.031px; top: 493.383px; width: 38.1855px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Public </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 467.219px; top: 493.383px; width: 25.2539px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TEP </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 609.859px; top: 493.367px; width: 64.5645px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Intragroup </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 521.516px; top: 500.133px; width: 60.5215px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">companies </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 240.391px; top: 506.883px; width: 47.1504px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Reno</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vit </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 302.25px; top: 506.883px; width: 40.9453px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Evolv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 371.312px; top: 506.883px; width: 56.9766px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Solutions </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 449.719px; top: 506.883px; width: 42.9844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 601.641px; top: 506.867px; width: 73.6348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">eliminations </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 513.633px; width: 85.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 516.234px; top: 513.633px; width: 64.9805px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">individually </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 688.844px; top: 513.633px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 253.25px; top: 520.383px; width: 32.4727px; white-space: pre; word-spacing: -0.36px; letter-spacing: 0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">S.</span><span style=\"word-spacing: -0.36px; letter-spacing: 0.36px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">p</span><span style=\"word-spacing: -0.36px; letter-spacing: 0.36px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.A.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 308.312px; top: 520.383px; width: 32.4727px; white-space: pre; word-spacing: -0.36px; letter-spacing: 0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">S.</span><span style=\"word-spacing: -0.36px; letter-spacing: 0.36px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">p</span><span style=\"word-spacing: -0.36px; letter-spacing: 0.36px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.A.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 393.75px; top: 520.383px; width: 35.0332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 440.547px; top: 520.383px; width: 51.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Solution </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 594.594px; top: 520.367px; width: 80.6309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">consolidation </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 558.922px; top: 527.133px; width: 22.5645px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">not </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 371.312px; top: 533.883px; width: 53.9648px; white-space: pre; word-spacing: -2.88px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(formerl</span><span style=\"word-spacing: -2.88px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y  </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 464.344px; top: 533.883px; width: 24.1699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">S.r</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.l</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 600.422px; top: 533.867px; width: 71.1387px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">adjustments</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 516.234px; top: 540.633px; width: 62.584px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">relevant(</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">*)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 354.984px; top: 547.383px; width: 70.0078px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Mieci S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 572.561px; width: 489.012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 202.711px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">101</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">624</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">219</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">911</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 597.186px; width: 489.428px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 186.867px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(26)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.3691px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(576)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(176)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2168px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(901)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 621.811px; width: 489.516px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL NET ASSETS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 164.444px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">75</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">48</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">43</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 646.436px; width: 489.275px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-controlling interests %</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.7012px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 671.061px; width: 718.605px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to third parties</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 121.459px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">30</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4531px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(29)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.0938px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">45</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 695.686px; width: 489.346px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Net result</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 216.24px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7324px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(12)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 720.311px; width: 20.0098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">OCI</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 744.936px; width: 489.609px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OMPREHENSIVE INCOME</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(12)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 769.561px; width: 489.275px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-controlling interests %</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.7012px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 794.186px; width: 718.605px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to third parties</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.621px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 176.361px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.5196px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 823.504px; width: 122.291px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">It refers to two companies.</span></span></span><span style=\"display:inherit;clear:left;\">The main changes with respect to 31 December 2022 concern the development of companies related to the energy </span><span style=\"display:inherit;clear:left;\">efficiency business, partly absorbed by the sale of Iniziative Biometano S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>., a company 51% owned by Snam through its </span><span style=\"display:inherit;clear:left;\">wholly-owned subsidiary Bioener<span class=\"_ _0\"></span>ys S.r.l., finalised in October 2023.</span><span style=\"display:inherit;clear:left;\">26) <span class=\"_ _2a\"> </span>GUARANTEES AND <span class=\"_ _2\"></span>COMMITMENTS </span><span style=\"display:inherit;clear:left;\">The Group's guarantees and commitments are indicated below: </span><span style=\"display:inherit;clear:left;position:relative;height:342.79296875px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 471.217px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 505.4px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">GUARANTEES GIVEN ON BEHALF OF COMP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ANIES UNDER JOINT CONTROL AND ASSOCIA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TED </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 586.234px; top: 33.6387px; width: 132.527px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,230</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,129</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 40.3887px; width: 65.9707px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">COMP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ANIES</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.7168px; width: 716.191px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of which:</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 664.331px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0293px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- associated company T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 451.729px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,129</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,129</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.342px; width: 716.191px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- company under joint contr</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ol T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AG</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 426.022px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">89</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.2051px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.67px; width: 716.303px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- other associated companies</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 451.301px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.9142px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 171.982px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">GUARANTEES GIVEN ON BEHALF OF SUBSIDIARIES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 320.719px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">632</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">371</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.295px; width: 718.652px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL GU</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ARANTEES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 469.762px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,862</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,500</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 224.607px; width: 719.027px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">GROUP COMMIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">MENTS FOR THE PURCHASE OF GOODS AND SERVICES (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 184.172px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,058</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,407</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 250.936px; width: 718.74px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">COMMIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">MENTS FOR THE SUBSCRIPTION OF INVESTMENT FUND UNITS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 217.014px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">41</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 277.248px; width: 718.916px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">COMMIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">MENTS FOR THE SUBSCRIPTION OF SHARES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 324.334px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">28</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 303.561px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OMMITMENTS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 458.831px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,105</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,475</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 333.801px; width: 269.631px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)  The value includes legally binding orders at the reporting date.</span></span></span><span style=\"display:inherit;clear:left;\">26.1 <span class=\"_ _85\"> </span>Guarantees given on behalf of companies under joint control and associated </span><span style=\"display:inherit;clear:left;\">companies</span><span style=\"display:inherit;clear:left;\">26.1.1 <span class=\"_ _10\"> </span>Guarantee provided on behalf of the associated company T<span class=\"_ _1\"></span>AP  </span><span style=\"display:inherit;clear:left;\">At present and until the repayment of the loan, a mechanism is in place to support the repayment of T<span class=\"_ _1\"></span>AP's outstanding </span><span style=\"display:inherit;clear:left;\">debt ('Debt Payment Undertaking') which would be activated, unlike the first<span class=\"_ _1\"></span>-demand guarantee, released with reaching </span><span style=\"display:inherit;clear:left;\">the 'Financial Completion Date' on 31 March 2021, upon the occurrence of specific and determined conditions link<span class=\"_ _c\"></span>ed to </span><span style=\"display:inherit;clear:left;\">exceptional events of an extraordinary nature. The maximum pro-rata amount for Snam of the guarantee is \u20ac1,129 million.</span><span style=\"display:inherit;clear:left;\">The financial documentation signed in the context of the Project Financing concluded for T<span class=\"_ _1\"></span>AP also provides for certain </span><span style=\"display:inherit;clear:left;\">limitations for shareholders that are typical for transactions of this type, including: (i) a limitation on the possibility of </span><span style=\"display:inherit;clear:left;\">freely disposing of shares in T<span class=\"_ _1\"></span>AP according to certain timelines; (ii) the pledge of the shares held by Snam in T<span class=\"_ _c\"></span>AP in favour </span><span style=\"display:inherit;clear:left;\">of the lenders for the entire duration of the loan.</span><span style=\"display:inherit;clear:left;\">26.2 <span class=\"_ _85\"> </span>Guarantees given on behalf of subsidiaries</span><span style=\"display:inherit;clear:left;\">Guarantees given on behalf of subsidiaries (\u20ac371 million; \u20ac632 million at 31 December 2022) mainly relate to:</span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span>guarantees provided in favour of the Revenue Agency mainly on behalf of the subsidiaries Stogit, GNL<span class=\"_ _0\"></span>, Greenture and </span><span style=\"display:inherit;clear:left;\">Bioenerys Agri (\u20ac154 million); </span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>indemnities issued in favour of third parties as a performance bond (\u20ac76 million);</span><span style=\"display:inherit;clear:left;\">(iii) the Parent Company Guarantee provided in the interest of Snam FSRU Italia S.r.l. issued with the signing of the </span><span style=\"display:inherit;clear:left;\">Development Agreement for the engineering, procurement, modifications, installation and commissioning of the FSRU </span><span style=\"display:inherit;clear:left;\">\"BW Singapore\", in favour of the contractor BW Fleet Management AS (\u20ac32 million). </span><span style=\"display:inherit;clear:left;\">26.3 <span class=\"_ _85\"> </span>Impegni del gruppo per l\u2019acquisto di beni e servizi </span><span style=\"display:inherit;clear:left;\">Commitments for the purchase of goods and services (\u20ac2,407 million; \u20ac2,058 million at 31 December 2022) mainly relate </span><span style=\"display:inherit;clear:left;\">to commitments undertaken with suppliers for the purchase of plant, property and equipment, and the provision of </span><span style=\"display:inherit;clear:left;\">services related to investments in progress.</span><span style=\"display:inherit;clear:left;\">26.4 <span class=\"_ _85\"> </span>Commitments to subscribe to investment fund units and shares</span><span style=\"display:inherit;clear:left;\">Commitments to subscribe to investment fund units (\u20ac40 million; \u20ac41 million at 31 December 2022) concern: (i) Snam </span><span style=\"display:inherit;clear:left;\">S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.'s residual commitment to the Clean H2 Infra Fund (HY24) (\u20ac28 million), as part of the investment programme that </span><span style=\"display:inherit;clear:left;\">the fund proposes to carry out over a total of six years from the final closing date (13 December 2023); (ii) commitments </span><span style=\"display:inherit;clear:left;\">to the CDP Corporate Partners I - Energy T<span class=\"_ _1\"></span>ech Fund (\u20ac12 million), as part of the investment programme that the fund </span><span style=\"display:inherit;clear:left;\">proposes to carry out over a total of five years from the first closing date (18 May 2022). Such funds may be called up, </span><span style=\"display:inherit;clear:left;\">even partially and in several tranches, upon the identification by the Fund of potential eligible investments pursuant to the </span><span style=\"display:inherit;clear:left;\">Fund's Regulation.</span><span style=\"display:inherit;clear:left;\">Commitments for the subscription of shares (\u20ac28 million; \u20ac6 million at 31 December 2022) essentially refer to the </span><span style=\"display:inherit;clear:left;\">agreements signed by Snam International B.<span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>. as part of the transaction that led the latter to hold an equity investment in </span><span style=\"display:inherit;clear:left;\">dCarbonX.</span><span style=\"display:inherit;clear:left;\">26.5 <span class=\"_ _85\"> </span>Other commitments and related risks not valued  </span><span style=\"display:inherit;clear:left;\">Other commitments and related risks not valued mainly refer to commitments undertaken at the time of closing equity </span><span style=\"display:inherit;clear:left;\">purchase transactions, intended to operate also after the date of execution of such transactions.</span><span style=\"display:inherit;clear:left;\">At 31 December 2023, the commitment was still in place related to the contract for the purchase from Eni of Stogit, for </span><span style=\"display:inherit;clear:left;\">commitments related to the occurrence of future events, such as: (i) the possible different valuation of the gas owned </span><span style=\"display:inherit;clear:left;\">by Stogit, compared to the valuation recognised by ARER<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>, the energy regulator<span class=\"_ _c\"></span>, that could arise in certain contractually </span><span style=\"display:inherit;clear:left;\">defined circumstances; (ii) the possible transfer of storage capacity that should become freely available on a negotiated </span><span style=\"display:inherit;clear:left;\">basis and no longer regulated, or the transfer of concessions, among those held by Stogit, at the time of the transfer of </span><span style=\"display:inherit;clear:left;\">the shares that may be dedicated primarily to storage activities no longer subject to regulation.</span><span style=\"display:inherit;clear:left;\">27) <span class=\"_ _35\"> </span>FINANCIAL RISK MANAGEMENT</span><span style=\"display:inherit;clear:left;\">27.1 Introduction</span><span style=\"display:inherit;clear:left;\">In the area of business risks, the main financial risks identified, monitored and, to the extent specified below, managed by </span><span style=\"display:inherit;clear:left;\">Snam are as follows: </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the risk arising from exposure to interest rate fluctuations;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the credit risk arising from the possibility of default by a counterparty; </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>liquidity risk arising from a lack of financial resources to meet short-term commitments.</span><span style=\"display:inherit;clear:left;\">In relation to the risk of exposure to changes in exchange rates, due to the cases currently in place, the Snam group<span class=\"_ _c\"></span>'s </span><span style=\"display:inherit;clear:left;\">exposure is currently limited with reference to transactional risk, while exposure to translation risk remains with reference </span><span style=\"display:inherit;clear:left;\">to certain foreign subsidiaries that prepare their financial statements in currencies other than the euro. At present, it has </span><span style=\"display:inherit;clear:left;\">been decided not to adopt specific hedging policies for these exposures. In this regard, it should be noted that the effects </span><span style=\"display:inherit;clear:left;\">of exchange rate differences arising from the translation into the presentation currency (euro) of the functional currencies </span><span style=\"display:inherit;clear:left;\">of these companies are recognised in the Statement of Comprehensive Income.   </span><span style=\"display:inherit;clear:left;\">With regard to the risk arising from fluctuations in commodity prices, Snam's objective is to protect the value of cash flows </span><span style=\"display:inherit;clear:left;\">from unfavourable movements in the risk component to which it has exposure, by trading derivative instruments in order </span><span style=\"display:inherit;clear:left;\">to mitigate this price risk. </span><span style=\"display:inherit;clear:left;\">Financial risk management and control is overseen centrally by Snam and is aimed at defining and monitoring financial </span><span style=\"display:inherit;clear:left;\">structure objectives and corresponding risk limits, in order to preserve financial sustainability and rating. Snam therefore </span><span style=\"display:inherit;clear:left;\">develops strategies and Key Risk Indicators (KRI) for optimising and controlling the risk profile, taking into account </span><span style=\"display:inherit;clear:left;\">the context in which it operates, the Risk Appetite Framework and the overall value system produced by the Group<span class=\"_ _c\"></span>'s </span><span style=\"display:inherit;clear:left;\">businesses. </span><span style=\"display:inherit;clear:left;\">The following is a description of Snam's policies and principles for the management and control of financial risks, in </span><span style=\"display:inherit;clear:left;\">accordance with the approach required by IFRS 7 - Financial Instruments: additional disclosures.</span><span style=\"display:inherit;clear:left;\">27.2 <span class=\"_ _85\"> </span>Risk of changes in interest rates </span><span style=\"display:inherit;clear:left;\">The risk of changes in interest rates relates to fluctuations in interest rates that affect the market value of the company's </span><span style=\"display:inherit;clear:left;\">financial assets and liabilities, the level of net financial expenses, and, specifically, the level of revenues recognised in </span><span style=\"display:inherit;clear:left;\">respect of regulated businesses. </span><span style=\"display:inherit;clear:left;\">Snam's objective is to optimise interest rate risk in pursuit of the objectives defined and approved in the Strategic Plan. </span><span style=\"display:inherit;clear:left;\">The Snam Group adopts a centralised operating organisational model. In accordance with this model, Snam's structures </span><span style=\"display:inherit;clear:left;\">ensure that needs are covered through access to financial markets and the deployment of funds, in line with approved </span><span style=\"display:inherit;clear:left;\">objectives, guaranteeing that the risk profile is maintained within defined limits. </span><span style=\"display:inherit;clear:left;\">At 31 December 2023, the Snam Group had used external financial resources in the form of debenture loans and bilateral </span><span style=\"display:inherit;clear:left;\">and syndicated loan agreements with banks and other lenders, in the form of financial debt and bank credit lines at </span><span style=\"display:inherit;clear:left;\">interest rates indexed to market benchmark rates, and in particular the E<span class=\"_ _c\"></span>urope Interbank Offered Rate (Euribor), and at </span><span style=\"display:inherit;clear:left;\">fixed rates. The exposure to the risk of changes in interest rates at 31 December 2023, taking into account the hedging </span><span style=\"display:inherit;clear:left;\">transactions put in place, was about 30% of the group's total exposure (20% at 31 December 2022). At 31 December 2023, </span><span style=\"display:inherit;clear:left;\">Snam had Interest Rate Swap (IRS) derivative contracts in place with a notional amount totalling \u20ac487 million. Hedges </span><span style=\"display:inherit;clear:left;\">against interest rate changes refer to: (i) a variable-rate debenture loan maturing in 2024 (\u20ac106 million); (ii) variable-rate </span><span style=\"display:inherit;clear:left;\">bank loans with maturities between 2032 and 2035 (a total of \u20ac381 million).</span><span style=\"display:inherit;clear:left;\">Although the Snam Group has an active risk management policy, consistent with the revenue recognition mechanism, </span><span style=\"display:inherit;clear:left;\">an increase in interest rates on unhedged variable-rate debt could have a negative impact on the Snam Group's business </span><span style=\"display:inherit;clear:left;\">and financial position. Despite considering the limited exposure to changes in interest rates, which is limited to 30% of </span><span style=\"display:inherit;clear:left;\">the Group's total exposure and is fully attributable to the E<span class=\"_ _c\"></span>uribor rate, a possible change in the method of calculating the </span><span style=\"display:inherit;clear:left;\">latter and the related \"fallback\" clauses that may be formulated, could entail the need for the Snam Group to adjust the </span><span style=\"display:inherit;clear:left;\">financial contracts that may be impacted by the aforementioned change and/or the management of forward-looking cash </span><span style=\"display:inherit;clear:left;\">flows.</span><span style=\"display:inherit;clear:left;\">The following table shows the impact on equity and the net result for the year ended 31 December 2023 of a hypothetical </span><span style=\"display:inherit;clear:left;\">positive and negative change of 10 basis points (bps) in interest rates actually applied during the year: </span><span style=\"display:inherit;clear:left;position:relative;height:209.328125px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 592.859px; top: 0.0136718px; width: 60.9141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 555.938px; top: 26.3262px; width: 136.98px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Income statement result</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 32.5078px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 571.453px; top: 52.0703px; width: 49.3008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Interest </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 673.219px; top: 52.0703px; width: 49.3008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Interest </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 573.375px; top: 65.5703px; width: 43.6465px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">+10 bps</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 678.797px; top: 65.5703px; width: 40.9102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">-10 bps</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 92.4512px; width: 175.863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-hedged variable-rate loans</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 118.779px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Effect of interest rate change</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 441.705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.092px; width: 718.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impacts before tax effect</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 465.57px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 171.404px; width: 719.197px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ax effect</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 555.604px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.7267px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 197.717px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IMP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ACT NET OF T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">X EFFECT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 443.351px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span></span><span style=\"display:inherit;clear:left;\">The effects on other components of comprehensive income, resulting from the above hypothetical change in variable-rate </span><span style=\"display:inherit;clear:left;\">loans converted through IRS into fixed-rate loans, were less than \u20ac1 million.</span><span style=\"display:inherit;clear:left;\">27.3 <span class=\"_ _85\"> </span>Credit risk </span><span style=\"display:inherit;clear:left;\">Credit risk represents the company's exposure to potential losses arising from the failure of counterparties to meet </span><span style=\"display:inherit;clear:left;\">their obligations. The non-payment or delayed payment of amounts due could adversely affect Snam's economic results </span><span style=\"display:inherit;clear:left;\">and financial equilibrium. With regard to the risk of counterparty default in contracts of a commercial nature, credit </span><span style=\"display:inherit;clear:left;\">management is entrusted to the responsibility of the business units and to Snam's centralised functions for activities </span><span style=\"display:inherit;clear:left;\">related to credit recovery and any litigation management. </span><span style=\"display:inherit;clear:left;\">For trade receivables, provisions for bad debts reflect the value of expected losses over the life of the receivable and </span><span style=\"display:inherit;clear:left;\">are determined on a collective basis according to the expected credit loss model, in line with the requirements of the </span><span style=\"display:inherit;clear:left;\">relevant accounting standards, or on the basis of individual and analytical assessments for credit exposures that present </span><span style=\"display:inherit;clear:left;\">specific risk elements (e.g., litigation or in the presence of detailed information available on the recoverability of the </span><span style=\"display:inherit;clear:left;\">exposure). For further details, please refer to Note 5 'Significant Accounting Policies<span class=\"_ _c\"></span>' - 'Non-derivative financial assets - </span><span style=\"display:inherit;clear:left;\">receivables and debt securities'.</span><span style=\"display:inherit;clear:left;\">As far as regulated activities are concerned Snam provides its business ser<span class=\"_ _0\"></span>vices to 450 operators in the gas sector<span class=\"_ _c\"></span>, </span><span style=\"display:inherit;clear:left;\">taking into account that the top 10 operators account for about 64% of the entire market (Eni, Enel Global T<span class=\"_ _1\"></span>rading and </span><span style=\"display:inherit;clear:left;\">Edison in the top three places). The rules for customer access to the services offered are laid down by the Authority </span><span style=\"display:inherit;clear:left;\">and are set out in the Codes, i.e. in documents that establish, for each type of service, the rules governing the rights </span><span style=\"display:inherit;clear:left;\">and obligations of the parties involved in the process of selling and providing the services themselves, and that define </span><span style=\"display:inherit;clear:left;\">contractual clauses which significantly reduce the risks of non-compliance by customers. The Codes provide for the </span><span style=\"display:inherit;clear:left;\">granting of guarantees to cover the obligations undertaken. In certain cases, if the customer has a credit rating issued </span><span style=\"display:inherit;clear:left;\">by leading international bodies, the furnishing of these guarantees may be mitigated. The regulatory framework has </span><span style=\"display:inherit;clear:left;\">also provided for specific clauses in order to guarantee the neutrality of the entity in charge of the Balancing activity, </span><span style=\"display:inherit;clear:left;\">which has been carried out since 1 December 2011 by Snam Rete Gas in its capacity as a major transportation company.<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">In particular<span class=\"_ _1\"></span>, the current balancing regulation requires Snam, on the basis of economic merit criteria, to operate </span><span style=\"display:inherit;clear:left;\">mainly by buying and selling via the GME balancing platform, in order to guarantee the resources necessary for the </span><span style=\"display:inherit;clear:left;\">safe and efficient movement of gas from the entry points to the withdrawal points, to ensure the constant balance of </span><span style=\"display:inherit;clear:left;\">the network. For regulated assets, the model for determining expected losses considers the guarantee and hedging </span><span style=\"display:inherit;clear:left;\">mechanisms described above.</span><span style=\"display:inherit;clear:left;\">Within the activities relating to the energy efficiency business, the credit risk is strongly mitigated by the use of </span><span style=\"display:inherit;clear:left;\">incentive tools (Ecobonus-Sismabonus-Superbonus) (however influenced by the risk of managing the obligations </span><span style=\"display:inherit;clear:left;\">relating to \"Superbonus\" and \"Minor Bonus \u201d) which guarantee financial coverage of significant portions of the amounts </span><span style=\"display:inherit;clear:left;\">of the interventions.</span><span style=\"display:inherit;clear:left;\">Snam's maximum exposure to credit risk at 31 December 2023 is represented by the book value of the financial assets </span><span style=\"display:inherit;clear:left;\">shown in the financial statements, commented on in Note 15 'T<span class=\"_ _c\"></span>rade and other receivables'.</span><span style=\"display:inherit;clear:left;\">The breakdown of trade and other receivables by seniority is shown below<span class=\"_ _c\"></span>, with an indication of the gross value and the </span><span style=\"display:inherit;clear:left;\">value net of the provision for bad debt:<span class=\"ls1\"> </span></span><span style=\"display:inherit;clear:left;position:relative;height:263.83984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 315.203px; top: 0.0078125px; width: 315.322px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 194.455px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 19.9141px; width: 85.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 269.406px; top: 26.3203px; width: 35.2734px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 353.797px; top: 26.3203px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 524.422px; top: 26.3359px; width: 35.2734px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 608.828px; top: 26.3359px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 434.047px; top: 33.0859px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 688.844px; top: 33.0859px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 222.594px; top: 39.8203px; width: 78.5156px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rec</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eivables (</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">*)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 322.328px; top: 39.8203px; width: 68.0391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rec</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eivables </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 478.844px; top: 39.8359px; width: 78.5156px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rec</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eivables (</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">*)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 577.109px; top: 39.8359px; width: 68.0391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rec</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eivables </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.7324px; width: 718.846px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Receivables not past due </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 130.195px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,686</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">380</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,066</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,624</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">146</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,770</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0449px; width: 719.133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Receivables past due</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 165px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">558</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.463px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">558</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.621px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">735</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.463px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">735</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.357px; width: 718.723px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">   - 0 to 3 months</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 194.455px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">345</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.463px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">345</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.2772px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">189</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 140.783px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">189</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.686px; width: 719.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">   - 3 to 6 months</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 201.504px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">60</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.102px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">60</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.8105px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.102px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">19</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 171.998px; width: 719.232px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">   - 6 to 12 months</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 194.455px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.102px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.2772px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">315</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.463px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">315</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.311px; width: 719.027px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">   - over 12 months</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 182.455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">130</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 140.783px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">130</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.2772px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">212</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.463px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">212</span></span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 224.623px; width: 718.934px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal trade and other receivables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,244</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">380</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,624</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,359</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">146</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,505</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 254.848px; width: 474.41px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">*  The exposure is net of past due and impaired loans amounting to \u20ac160 million (\u20ac100 million at 31 December 2022).</span></span></span><span style=\"display:inherit;clear:left;\">The net book value of trade receivables due at 31 December 2023 and not written down, amounting to \u20ac735 million, </span><span style=\"display:inherit;clear:left;\">mainly refers to trade receivables of companies operating in regulated businesses; in particular the item refers to: (i) </span><span style=\"display:inherit;clear:left;\">the transportation segment (\u20ac589 million), mainly for receivables from users related to default service items. For these </span><span style=\"display:inherit;clear:left;\">receivables, the hedging mechanisms provided for in the current regulatory framework are in place; (ii) the storage </span><span style=\"display:inherit;clear:left;\">sector (\u20ac77 million), in particular V<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>T invoiced to users for the use of strategic gas unduly withdrawn and not restored by </span><span style=\"display:inherit;clear:left;\">them within the deadlines established by the Storage Code during the 2010 and 2011 financial years. As provided for by </span><span style=\"display:inherit;clear:left;\">regulations in force, V<span class=\"_ _1\"></span>A<span class=\"_ _c\"></span>T variation notes may be issued at the end of insolvency proceedings and enforcement procedures </span><span style=\"display:inherit;clear:left;\">that have remained unsuccessful.</span><span style=\"display:inherit;clear:left;\">The following is a description of debt collection activities involving certain users of the transmission and balancing system </span><span style=\"display:inherit;clear:left;\">as well as the storage system. </span><span style=\"display:inherit;clear:left;\">2<span class=\"_ _c\"></span>7.<span class=\"_ _1\"></span>3.<span class=\"_ _1\"></span>1 <span class=\"_\"> </span>Recovery of receivables from certain users of the transmission and balancing system  </span><span style=\"display:inherit;clear:left;\">The balancing service ensures the security of the network and the proper allocation of costs among market players. </span><span style=\"display:inherit;clear:left;\">Balancing has a dual meaning: physical and commercial. The physical balancing of the system is the set of operations by </span><span style=\"display:inherit;clear:left;\">which Snam Rete Gas, through its Dispatching Department, controls the flow parameters (flow rates and pressures) in real </span><span style=\"display:inherit;clear:left;\">time in order to guarantee the safe and efficient movement of gas from the injection points to the withdrawal points at all </span><span style=\"display:inherit;clear:left;\">times. Commercial balancing is the set of activities necessary for the correct scheduling, accounting and allocation of the </span><span style=\"display:inherit;clear:left;\">gas transported, as well as the system of fees that incentivises users to maintain equality between the quantities injected </span><span style=\"display:inherit;clear:left;\">into and withdrawn from the network. </span><span style=\"display:inherit;clear:left;\">Pursuant to the current balancing regime, introduced by resolution ARG/gas 45/11, which entered into force on 1 </span><span style=\"display:inherit;clear:left;\">December 2011, Snam Rete Gas, in its capacity as Balancing Manager<span class=\"_ _1\"></span>, is required to procure the quantities of gas </span><span style=\"display:inherit;clear:left;\">necessary to balance the system and offered on the market by the Users, through a dedicated platform of Gestore dei </span><span style=\"display:inherit;clear:left;\">Mercati Energetici (GME) and, consequently<span class=\"_ _c\"></span>, provides for the economic regulation of individual unbalanced positions </span><span style=\"display:inherit;clear:left;\">through purchases and sales of gas on the basis of a reference unit price (the so-called principle of economic merit). The </span><span style=\"display:inherit;clear:left;\">Company is also obliged to recover sums used from non-payers to settle their unbalanced positions. </span><span style=\"display:inherit;clear:left;\">Unpaid receivables for the period between 1 December 201<span class=\"_ _1\"></span>1 and 23 October 2012</span><span style=\"display:inherit;clear:left;\">The regulatory framework initially established by the Authority with resolution ARG/gas 155/11 obliged users to provide </span><span style=\"display:inherit;clear:left;\">specific guarantees to cover their exposure and, where Snam Rete Gas had acted diligently and failed to recover the costs </span><span style=\"display:inherit;clear:left;\">connected with the provision of the service, these costs would be recovered through a specific fee determined by the </span><span style=\"display:inherit;clear:left;\">Authority.</span><span style=\"display:inherit;clear:left;\">35</span><span style=\"display:inherit;clear:left;\">With its subsequent resolution 351/2012/R/gas</span><span style=\"display:inherit;clear:left;\">, the Authority provided for the application of the CVBL variable unit fee </span><span style=\"display:inherit;clear:left;\">to cover uncollected amounts owing, arranging for the costs to be recovered to be paid in instalments over a minimum of </span><span style=\"display:inherit;clear:left;\">36 months with a maximum monthly amount of \u20ac6 million.</span><span style=\"display:inherit;clear:left;\">The Authority subsequently started a fact<span class=\"_ _c\"></span>-finding investigation into the manner in which the balancing ser<span class=\"_ _0\"></span>vice was </span><span style=\"display:inherit;clear:left;\">36</span><span style=\"display:inherit;clear:left;\">provided for the period between 1 December 2011 and 23 October 2012</span><span style=\"display:inherit;clear:left;\">. The investigation was closed by the </span><span style=\"display:inherit;clear:left;\">Authority's resolution 144/2013/E/gas of 5 April 2013. On the same date, the Authority: (i) initiated the procedure for the </span><span style=\"display:inherit;clear:left;\">determination of the share of costs resulting from uncollected credits, to be paid to the gas balancing manager<span class=\"_ _1\"></span>, for the </span><span style=\"display:inherit;clear:left;\">period from 1 December 2011 to 23 October 2012; (ii) initiated six sanctions proceedings aimed at establishing violations </span><span style=\"display:inherit;clear:left;\">in the area of natural gas balancing services. </span><span style=\"display:inherit;clear:left;\">With reference to the investigation mentioned in point (i) above, resolution 608/2015/R/gas closing the proceeding was </span><span style=\"display:inherit;clear:left;\">issued, whereby the Authority decided not to recognise a portion of the uncollected amounts owing in relation to specific </span><span style=\"display:inherit;clear:left;\">cases that were the subject of the investigation, without prejudice to Snam Rete Gas's right to retain the receivables </span><span style=\"display:inherit;clear:left;\">relating to the economic balancing items, which may have already been recovered. The Company challenged resolution </span><span style=\"display:inherit;clear:left;\">608/2015/R/gas before the Regional Administrative Court of Milan, which partially upheld the appeal filed by the </span><span style=\"display:inherit;clear:left;\">Company with ruling no. 942/2017, which in turn was partially challenged by the Company and the Authority. The ruling </span><span style=\"display:inherit;clear:left;\">was then confirmed by the Council of State ruling no. 1630/2020.</span><span style=\"display:inherit;clear:left;\">35 <span class=\"_ _94\"> </span>The aforementioned resolution was annulled by the ruling of the Regional Administrative Court of Milan no. 1587/2014, in relation to the obligation for </span><span style=\"display:inherit;clear:left;\">3</span><span style=\"display:inherit;clear:left;\">Users to pay the CVBL fee of \u20ac0.001/Sm</span><span style=\"display:inherit;clear:left;\"> as from 1 October 2012. With the subsequent resolution 372/2014/R/gas, the coefficient was redetermined as </span><span style=\"display:inherit;clear:left;\">3</span><span style=\"display:inherit;clear:left;\">the same amount of 0.001 \u20ac/Sm</span><span style=\"display:inherit;clear:left;\">.</span><span style=\"display:inherit;clear:left;\">36 <span class=\"_ _94\"> </span>The time span covered by the fact-finding investigation initially limited to the period from 1 December 2011 to 31 May 2012 was subsequently extended </span><span style=\"display:inherit;clear:left;\">to 23 October 2012.</span><span style=\"display:inherit;clear:left;\">During the above-mentioned period under investigation, </span><span style=\"display:inherit;clear:left;\">Snam Rete Gas, after having terminated the transportation </span><span style=\"display:inherit;clear:left;\">contracts of the six users involved in the above-mentioned </span><span style=\"display:inherit;clear:left;\">sanctions proceedings, as they were in arrears or in any </span><span style=\"display:inherit;clear:left;\">case in breach of the obligations envisaged in the sector </span><span style=\"display:inherit;clear:left;\">regulation and the Network Code regarding balancing, </span><span style=\"display:inherit;clear:left;\">commenced debt collection actions in respect of the </span><span style=\"display:inherit;clear:left;\">economic items of the balancing and transportation </span><span style=\"display:inherit;clear:left;\">service.</span><span style=\"display:inherit;clear:left;\">The competent Judicial Authorities issued eleven </span><span style=\"display:inherit;clear:left;\">provisionally enforceable injunctions, six of which relate to </span><span style=\"display:inherit;clear:left;\">receivables attributable to the balancing service and five </span><span style=\"display:inherit;clear:left;\">37</span><span style=\"display:inherit;clear:left;\">to receivables for the transportation service</span><span style=\"display:inherit;clear:left;\">, for which </span><span style=\"display:inherit;clear:left;\">Snam Rete Gas has commenced enforcement proceedings </span><span style=\"display:inherit;clear:left;\">that have led to the recovery of negligible amounts with </span><span style=\"display:inherit;clear:left;\">respect to the overall debt position of the Users, also in </span><span style=\"display:inherit;clear:left;\">consideration of the bankruptcy proceedings that have </span><span style=\"display:inherit;clear:left;\">been commenced by all the Users in question.</span><span style=\"display:inherit;clear:left;\">In particular<span class=\"_ _1\"></span>, at present:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>five users have been declared bankrupt. In relation to all </span><span style=\"display:inherit;clear:left;\">five Users, Snam Rete Gas obtained proof of claim in the </span><span style=\"display:inherit;clear:left;\">bankruptcy proceedings for the entire claimed amount, </span><span style=\"display:inherit;clear:left;\">plus interest. As part of one of the aforementioned </span><span style=\"display:inherit;clear:left;\">proceedings, a proposal for composition was filed and </span><span style=\"display:inherit;clear:left;\">approved by the majority of the creditors; the bankruptcy </span><span style=\"display:inherit;clear:left;\">proceedings, following the final distribution, were </span><span style=\"display:inherit;clear:left;\">closed. A second procedure was also recently closed after </span><span style=\"display:inherit;clear:left;\">approval and execution of the final distribution;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>one User submitted an application for admission to </span><span style=\"display:inherit;clear:left;\">a creditor arrangement procedure and the Judicial </span><span style=\"display:inherit;clear:left;\">38</span><span style=\"display:inherit;clear:left;\">Authority issued the order approving the arrange</span><span style=\"display:inherit;clear:left;\">. </span><span style=\"display:inherit;clear:left;\">Unpaid receivables after 23 October 2012</span><span style=\"display:inherit;clear:left;\">In 2013, two additional transportation contracts were </span><span style=\"display:inherit;clear:left;\">terminated and Snam Rete Gas took legal action, obtaining </span><span style=\"display:inherit;clear:left;\">three injunctions for payment, two of which related to </span><span style=\"display:inherit;clear:left;\">receivables attributable to the balancing service and one to<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">the transportation service. Both Users filed objections and<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">the related lawsuits were declared discharged, resulting in </span><span style=\"display:inherit;clear:left;\">the consolidation of the titles acquired by Snam Rete Gas. </span><span style=\"display:inherit;clear:left;\">The enforcement proceedings initiated led to the recovery<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">of negligible amounts with respect to the overall debt </span><span style=\"display:inherit;clear:left;\">position of the Users, who were subsequently declared </span><span style=\"display:inherit;clear:left;\">bankrupt. Snam Rete Gas duly filed its claim in the respective </span><span style=\"display:inherit;clear:left;\">insolvency proceedings. The insolvency proceedings were<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">both concluded with the recovery of minimal amounts in<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">relation to the bankrupt entity\u2019s total debt.</span><span style=\"display:inherit;clear:left;\">37 <span class=\"_ _94\"> </span>Some of the aforementioned injunctions were opposed by the users </span><span style=\"display:inherit;clear:left;\">concerned. In particular<span class=\"_ _c\"></span>, three users, in addition to requesting that the </span><span style=\"display:inherit;clear:left;\">provisional enforceability be suspended and that the injunctions be </span><span style=\"display:inherit;clear:left;\">revoked and/or declared null and void, voidable and/or in any event </span><span style=\"display:inherit;clear:left;\">of no effect, have brought counterclaims seeking an order that Snam </span><span style=\"display:inherit;clear:left;\">Rete Gas pay compensation for the damages they allegedly suffered. </span><span style=\"display:inherit;clear:left;\">The opposition proceedings brought by them were declared discharged </span><span style=\"display:inherit;clear:left;\">with the consequent lapse of the counterclaim and res judicata of the </span><span style=\"display:inherit;clear:left;\">injunctions.</span><span style=\"display:inherit;clear:left;\">38 <span class=\"_ _94\"> </span>A complaint was lodged against the approved decision before the </span><span style=\"display:inherit;clear:left;\">Court of Appeal of Turin, and - given the confirmatory order adopted </span><span style=\"display:inherit;clear:left;\">by the same Court - an appeal was lodged before the Supreme Court of </span><span style=\"display:inherit;clear:left;\">Cassation.</span><span style=\"display:inherit;clear:left;\">In 2014, a further transportation contract was terminated </span><span style=\"display:inherit;clear:left;\">and Snam Rete Gas initiated credit recovery actions, </span><span style=\"display:inherit;clear:left;\">obtaining two provisionally enforceable injunctions, one of </span><span style=\"display:inherit;clear:left;\">which related to receivables attributable to the balancing </span><span style=\"display:inherit;clear:left;\">service and one to the transportation ser<span class=\"_ _0\"></span>vice. The User<span class=\"_ _c\"></span>, </span><span style=\"display:inherit;clear:left;\">moreover<span class=\"_ _1\"></span>, was declared bankrupt and Snam Rete Gas\u2019s </span><span style=\"display:inherit;clear:left;\">proof of claim in the bankruptcy proceedings was admitted </span><span style=\"display:inherit;clear:left;\">for the entire amount claimed, plus interest. </span><span style=\"display:inherit;clear:left;\">Finally, in 2015, a further transportation contract was </span><span style=\"display:inherit;clear:left;\">terminated and Snam Rete Gas initiated the related debt </span><span style=\"display:inherit;clear:left;\">collection actions, obtaining two provisionally enforceable </span><span style=\"display:inherit;clear:left;\">injunctions against the User<span class=\"_ _1\"></span>, one relating to receivables </span><span style=\"display:inherit;clear:left;\">attributable to the balancing service and one to the </span><span style=\"display:inherit;clear:left;\">transportation service. Recently, the User was declared </span><span style=\"display:inherit;clear:left;\">bankrupt and Snam Rete Gas duly filed its claims in the </span><span style=\"display:inherit;clear:left;\">bankruptcy proceedings. In view of the bankrupt entity\u2019s </span><span style=\"display:inherit;clear:left;\">insolvency, the bankruptcy proceedings came to an end. </span><span style=\"display:inherit;clear:left;\">Snam Rete Gas, as already acknowledged in the </span><span style=\"display:inherit;clear:left;\">provisionally enforceable injunctions issued by the Judicial </span><span style=\"display:inherit;clear:left;\">Authority, has behaved correctly and in compliance with </span><span style=\"display:inherit;clear:left;\">the provisions of the transportation contract, the Network </span><span style=\"display:inherit;clear:left;\">Code and in general applicable legislation.</span><span style=\"display:inherit;clear:left;\">Lastly, it should be noted that the Public Prosecutor's </span><span style=\"display:inherit;clear:left;\">Office at the Court of Milan ordered, on 12 February 2016 </span><span style=\"display:inherit;clear:left;\">during preliminary investigations, the preventive seizure as </span><span style=\"display:inherit;clear:left;\">a matter of urgency of movable and immovable property </span><span style=\"display:inherit;clear:left;\">belonging to companies and persons traceable in various </span><span style=\"display:inherit;clear:left;\">ways to five of the above-mentioned Users, and in May </span><span style=\"display:inherit;clear:left;\">2017 closed the investigation, charging the suspects with </span><span style=\"display:inherit;clear:left;\">conspiracy to commit aggravated fraud against Snam Rete </span><span style=\"display:inherit;clear:left;\">Gas. At the preliminary hearing, set for 19 December 2018, </span><span style=\"display:inherit;clear:left;\">the Judge admitted Snam Rete Gas as civil plaintiff<span class=\"_ _c\"></span>. The </span><span style=\"display:inherit;clear:left;\">Court granted the preliminary requests and declared the </span><span style=\"display:inherit;clear:left;\">trial open. </span><span style=\"display:inherit;clear:left;\">The criminal proceedings ended with a conviction, on </span><span style=\"display:inherit;clear:left;\">15 February 2023, against the defendants Mr. Giuli and </span><span style=\"display:inherit;clear:left;\">Mr<span class=\"_ _1\"></span>. Moretti, both sentenced respectively to 9 years and </span><span style=\"display:inherit;clear:left;\">5 years and 6 months of imprisonment, as well as to the </span><span style=\"display:inherit;clear:left;\">payment (as compensation for damages) of a provisional </span><span style=\"display:inherit;clear:left;\">sum of \u20ac8 million in favour of Snam Rete Gas, in addition </span><span style=\"display:inherit;clear:left;\">to the reimbursement of legal costs. An appeal was lodged </span><span style=\"display:inherit;clear:left;\">against the sentence, in the interest of Snam Rete Gas, on </span><span style=\"display:inherit;clear:left;\">28 June 2023, limited to the civil terms. Notification of the </span><span style=\"display:inherit;clear:left;\">date of the hearing before the Court of Appeal of Milan is </span><span style=\"display:inherit;clear:left;\">pending.</span><span style=\"display:inherit;clear:left;\">These criminal proceedings arose as a result of the criminal </span><span style=\"display:inherit;clear:left;\">complaint (and subsequent supplementary acts) that Snam </span><span style=\"display:inherit;clear:left;\">Rete Gas had filed, as the injured party, in October 2012 for </span><span style=\"display:inherit;clear:left;\">the crimes of forgery and aggravated fraud. </span><span style=\"display:inherit;clear:left;\">27.3.2 <span class=\"_ _10\"> </span>Recovery of receivables from storage system users<span class=\"_ _0\"></span>  </span><span style=\"display:inherit;clear:left;\">Withdrawals from strategic storage carried out by three </span><span style=\"display:inherit;clear:left;\">Users, invoiced by Stogit and not restored by the User </span><span style=\"display:inherit;clear:left;\">within the terms set out in the Storage Code</span><span style=\"display:inherit;clear:left;\">Following withdrawals from strategic storage by a User </span><span style=\"display:inherit;clear:left;\">in 2010, Stogit initiated debt collection actions, obtaining </span><span style=\"display:inherit;clear:left;\">an injunction with provisional enforceability confirmed </span><span style=\"display:inherit;clear:left;\">in the summons filed by the counterparty. Appropriate </span><span style=\"display:inherit;clear:left;\">enforcement actions were consequently initiated.</span><span style=\"display:inherit;clear:left;\">In relation to withdrawals and the failure to restore </span><span style=\"display:inherit;clear:left;\">strategic gas also in the first few months of 2011, Stogit </span><span style=\"display:inherit;clear:left;\">requested and obtained a second provisionally enforceable </span><span style=\"display:inherit;clear:left;\">injunction for the additional amounts accrued.</span><span style=\"display:inherit;clear:left;\">In addition, emergency proceedings were initiated for all </span><span style=\"display:inherit;clear:left;\">unduly withdrawn gas to be restored, which ended with the </span><span style=\"display:inherit;clear:left;\">conviction of the debtor<span class=\"_ _1\"></span>, who also had their subsequent </span><span style=\"display:inherit;clear:left;\">application for injunctive relief rejected. </span><span style=\"display:inherit;clear:left;\">In 2012, the aforementioned User and two other Users </span><span style=\"display:inherit;clear:left;\">(who also defaulted with Stogit) were admitted to the </span><span style=\"display:inherit;clear:left;\">creditor arrangement procedure, in which Stogit duly </span><span style=\"display:inherit;clear:left;\">settled their claims.</span><span style=\"display:inherit;clear:left;\">Moreover<span class=\"_ _1\"></span>, following sub-proceedings to revoke the </span><span style=\"display:inherit;clear:left;\">arrangement, the Court of Asti declared the bankruptc<span class=\"_ _0\"></span>y </span><span style=\"display:inherit;clear:left;\">of two of the aforementioned Users. In both cases, Stogit </span><span style=\"display:inherit;clear:left;\">promptly applied for proof of claim in the bankruptcy </span><span style=\"display:inherit;clear:left;\">proceedings and its claims were admitted.</span><span style=\"display:inherit;clear:left;\">On the other hand, the arrangement procedure concerning </span><span style=\"display:inherit;clear:left;\">the third User is continuing, for which approval has been </span><span style=\"display:inherit;clear:left;\">obtained and against which a claim has been filed by one of </span><span style=\"display:inherit;clear:left;\">the creditors. The Turin Court of Appeal gave confirmation </span><span style=\"display:inherit;clear:left;\">and, the appeal is currently pending before the Court of </span><span style=\"display:inherit;clear:left;\">Cassation.</span><span style=\"display:inherit;clear:left;\">Withdrawals from strategic storage carried out by </span><span style=\"display:inherit;clear:left;\">a User<span class=\"_ _1\"></span>, invoiced by Stogit and not restored by the </span><span style=\"display:inherit;clear:left;\">User within the terms set out in the Storage Code, </span><span style=\"display:inherit;clear:left;\">attributable to the thermal years 2010-201<span class=\"_ _1\"></span>1 and 201<span class=\"_ _c\"></span>1-</span><span style=\"display:inherit;clear:left;\">2012</span><span style=\"display:inherit;clear:left;\">Stogit brought an action before the Civil Court of Milan for </span><span style=\"display:inherit;clear:left;\">the purpose of obtaining a provisionally enforceable order of </span><span style=\"display:inherit;clear:left;\">payment injunction pursuant to Article186 ter against a User<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">At present, even after partial amounts of gas had been<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">restored after the court action had been taken, approximately </span><span style=\"display:inherit;clear:left;\">3</span><span style=\"display:inherit;clear:left;\">23.6 million Sm</span><span style=\"display:inherit;clear:left;\"> still have to be returned to Stogit.<span class=\"_ _0\"></span>  </span><span style=\"display:inherit;clear:left;\">Stogit then took appropriate enforcement actions.</span><span style=\"display:inherit;clear:left;\">The Court of Rome then declared the user bankrupt and </span><span style=\"display:inherit;clear:left;\">Stogit filed its claim, which was admitted to the bankruptcy </span><span style=\"display:inherit;clear:left;\">proceedings.</span><span style=\"display:inherit;clear:left;\">Withdrawals from strategic storage made by a User<span class=\"_ _1\"></span>, </span><span style=\"display:inherit;clear:left;\">invoiced by Stogit and not restored by the User within </span><span style=\"display:inherit;clear:left;\">the terms set out in the Storage Code, attributable to </span><span style=\"display:inherit;clear:left;\">the months of October and November 201<span class=\"_ _1\"></span>1</span><span style=\"display:inherit;clear:left;\">Stogit brought an action before the Civil Court of Milan, </span><span style=\"display:inherit;clear:left;\">seeking to obtain the issue of a provisionally enforceable </span><span style=\"display:inherit;clear:left;\">order of payment injunction against undue withdrawals, in </span><span style=\"display:inherit;clear:left;\">3</span><span style=\"display:inherit;clear:left;\">respect of which approximately 56.0 million Sm</span><span style=\"display:inherit;clear:left;\"> still had </span><span style=\"display:inherit;clear:left;\">to be repaid to Stogit.</span><span style=\"display:inherit;clear:left;\">While the proceedings were pending, the Court of Rome </span><span style=\"display:inherit;clear:left;\">declared the User bankrupt. Consequently, the Civil </span><span style=\"display:inherit;clear:left;\">Court of Milan declared the end of the legal action and </span><span style=\"display:inherit;clear:left;\">Stogit therefore filed its claim, which was admitted to the </span><span style=\"display:inherit;clear:left;\">bankruptcy proceedings, in which the final distribution </span><span style=\"display:inherit;clear:left;\">of assets was made and, consequently, in 2020, the </span><span style=\"display:inherit;clear:left;\">proceedings were closed with no amounts paid in favour </span><span style=\"display:inherit;clear:left;\">of the Company.</span><span style=\"display:inherit;clear:left;\">27.4 <span class=\"_ _85\"> </span>Liquidity risk </span><span style=\"display:inherit;clear:left;\">Liquidity risk represents the risk that, due to the inability </span><span style=\"display:inherit;clear:left;\">to raise new funds (funding liquidity risk) or to liquidate </span><span style=\"display:inherit;clear:left;\">assets on the market (asset liquidity risk), the company is<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">unable to meet its payment commitments, thus causing </span><span style=\"display:inherit;clear:left;\">an impact on the economic result in the event that the </span><span style=\"display:inherit;clear:left;\">company is forced to incur additional costs to meet its </span><span style=\"display:inherit;clear:left;\">commitments or<span class=\"_ _1\"></span>, as an extreme consequence, a situation </span><span style=\"display:inherit;clear:left;\">of insolvency that puts the company's business at risk.</span><span style=\"display:inherit;clear:left;\">Snam's Risk Management objective is to put in place, </span><span style=\"display:inherit;clear:left;\">within the framework of the Strategic Plan, a financial </span><span style=\"display:inherit;clear:left;\">structure that is consistent with business objectives and </span><span style=\"display:inherit;clear:left;\">guarantees an adequate level of liquidity for the Group, </span><span style=\"display:inherit;clear:left;\">minimising the related opportunity cost and maintaining a </span><span style=\"display:inherit;clear:left;\">balance in terms of duration and debt composition.</span><span style=\"display:inherit;clear:left;\">Snam's goal is therefore to maintain a balanced debt </span><span style=\"display:inherit;clear:left;\">structure, in terms of the composition between debenture </span><span style=\"display:inherit;clear:left;\">loans and bank receivables and the availability of undrawn </span><span style=\"display:inherit;clear:left;\">committed bank credit lines, in keeping with the business </span><span style=\"display:inherit;clear:left;\">profile and regulatory context in which Snam operates.</span><span style=\"display:inherit;clear:left;\">In addition, the financial market is characterised by a </span><span style=\"display:inherit;clear:left;\">steady growth in sources of financing for companies that </span><span style=\"display:inherit;clear:left;\">are able to improve the environmental impact of their </span><span style=\"display:inherit;clear:left;\">investments. Investor interest is linked to and conditional </span><span style=\"display:inherit;clear:left;\">on the ability of the companies themselves to achieve </span><span style=\"display:inherit;clear:left;\">certain goals in terms of environmental sustainability.  </span><span style=\"display:inherit;clear:left;\">With a view to the correct management of liquidity risk, </span><span style=\"display:inherit;clear:left;\">the diversification of funding sources, including the use </span><span style=\"display:inherit;clear:left;\">of sustainable finance instruments, is therefore crucial to </span><span style=\"display:inherit;clear:left;\">guaranteeing companies broad access to financial markets </span><span style=\"display:inherit;clear:left;\">at competitive costs, with consequent positive effects on </span><span style=\"display:inherit;clear:left;\">their financial position and performance. </span><span style=\"display:inherit;clear:left;\">Likewise, for Snam, the failure to achieve certain KPIs in the ESG area, within the Group<span class=\"_ _c\"></span>'s general objective of making its </span><span style=\"display:inherit;clear:left;\">business more sustainable in the medium to long term, could lead to higher financing costs or the failure to access certain </span><span style=\"display:inherit;clear:left;\">sources of financing.</span><span style=\"display:inherit;clear:left;\">Mitigating this risk also involves Snam's extreme focus on ESG issues, traditionally a significant and structured part </span><span style=\"display:inherit;clear:left;\">of the company's strategy. Consistent with this approach, since 2018, Snam has increasingly used sustainable finance </span><span style=\"display:inherit;clear:left;\">instruments, reaching the target of 80% of total 'committed' sources in 2023 three years early. With the presentation of </span><span style=\"display:inherit;clear:left;\">the 2023-27 Strategic Plan, the target was raised to 85% of total funding, to be reached by 2027.</span><span style=\"display:inherit;clear:left;\">Specifically, in 2023, Snam issued on the bond market (i) in September<span class=\"_ _1\"></span>, its first EU T<span class=\"_ _1\"></span>axonomy-Aligned Transition Bond </span><span style=\"display:inherit;clear:left;\">convertible into existing Italgas ordinary shares and maturing in 2028 for a nominal amount of \u20ac500 million, and (ii) in </span><span style=\"display:inherit;clear:left;\">November<span class=\"_ _1\"></span>, its second EU Tax<span class=\"_ _c\"></span>onomy-Aligned Transition Bond for \u20ac650 million to finance energy transition projects and, </span><span style=\"display:inherit;clear:left;\">in particular<span class=\"_ _1\"></span>, the Eligible Projects defined in Snam's Sustainable Finance Framework published in November 2021. During </span><span style=\"display:inherit;clear:left;\">the year<span class=\"_ _1\"></span>, Snam also finalised with major relationship banks (i) bank loans for \u20ac1.4 billion, in a Green loan and KPI-linked </span><span style=\"display:inherit;clear:left;\">format (ii) a KPI-linked Revolving Credit F<span class=\"_ _1\"></span>acility (RCF) with a pool of banks for a total amount of \u20ac1.8 billion, backed by a </span><span style=\"display:inherit;clear:left;\">SupportItalia guarantee issued by SACE covering 80% of the amount. Lastly, in November 2023, Snam renewed its Euro </span><span style=\"display:inherit;clear:left;\">Commercial Paper programme, increased from \u20ac2.5 billion to \u20ac3.5 billion and associated with environmental and social </span><span style=\"display:inherit;clear:left;\">sustainability objectives in line with the sustainable loan, obtaining for the instrument an initial ESG rating of EE assigned </span><span style=\"display:inherit;clear:left;\">by the ESG rating company Standard Ethics, increased to EE+ during 2022 and confirmed in November 2023. </span><span style=\"display:inherit;clear:left;\">In this regard, it should be noted that: (i) in February 2024, a new Sustainable Finance Framework was published for the </span><span style=\"display:inherit;clear:left;\">issue of green and sustainability-linked financial instruments to reinforce the company's continued commitment to the </span><span style=\"display:inherit;clear:left;\">energy transition; (ii) Snam received a Second Party Opinion from ISS; (iii) based on the new framework, a \u20ac1.5 billion </span><span style=\"display:inherit;clear:left;\">sustainable loan was issued in February 2024, in dual tranches with the first \u20ac500 million Snam Green Bond and a \u20ac1 billion </span><span style=\"display:inherit;clear:left;\">Sustainability-Linked Bond (SLB<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">Lastly, at 31 December 2023, Snam had unused committed long-term credit lines worth approximately \u20ac6.2 billion, of </span><span style=\"display:inherit;clear:left;\">which: (i) pooled credit lines of \u20ac5.0 billion; (ii) Revolving Credit F<span class=\"_ _c\"></span>acilities (RCF) for a total of 1.2 billion. At 31 December </span><span style=\"display:inherit;clear:left;\">2023, Snam had a Euro Medium T<span class=\"_ _1\"></span>erm Notes (EMTN) programme in place for a maximum total nominal value of 13 billion, </span><span style=\"display:inherit;clear:left;\">of which \u20ac9.4 billion drawn, and a Euro Commercial Paper Programme (E<span class=\"_ _c\"></span>CP) for a maximum total nominal value of \u20ac9.4 </span><span style=\"display:inherit;clear:left;\">billion, of which \u20ac2.7 billion drawn at 31 December 2023.</span><span style=\"display:inherit;clear:left;\">Snam's cash and cash equivalents mainly refer to current accounts and bank deposits that are readily collectable.</span><span style=\"display:inherit;clear:left;\">The Group's main long-term financial debts contain covenants typical of international practice concerning, inter alia, </span><span style=\"display:inherit;clear:left;\">negative pledge and pari passu clauses. F<span class=\"_ _c\"></span>ailure to comply with these clauses, as well as the occurrence of other events, </span><span style=\"display:inherit;clear:left;\">such as cross-default events, may result in Snam\u2019s default and, possibly, may cause the related loan to become due </span><span style=\"display:inherit;clear:left;\">in advance, leading to additional costs and/or liquidity problems. Commitments do not include covenants requiring </span><span style=\"display:inherit;clear:left;\">compliance with economic and/or financial ratios. </span><span style=\"display:inherit;clear:left;\">Among the factors that define the risk perceived by the market, creditworthiness, assigned to Snam by rating agencies, </span><span style=\"display:inherit;clear:left;\">plays a decisive role since it influences the ability to access sources of financing and the related economic conditions. A </span><span style=\"display:inherit;clear:left;\">worsening of this creditworthiness could, therefore, limit access to the capital market and/or increase the cost of financing </span><span style=\"display:inherit;clear:left;\">sources, with consequent negative effects on the Group's financial position and performance.</span><span style=\"display:inherit;clear:left;\">Snam's long-term rating is equal to: (i) Baa2 with a stable outlook, confirmed on 9 February 2024 by Moody's Investor </span><span style=\"display:inherit;clear:left;\">Services; (ii) BBB+ with a stable outlook, confirmed on 27 Februar<span class=\"_ _0\"></span>y 2024 by Standard &amp; Poor's Global Rating ('S&amp;P'); (iii) </span><span style=\"display:inherit;clear:left;\">BBB+ with a stable outlook, confirmed on 28 March 2024 by Fitch Ratings ('Fitch'). Snam<span class=\"_ _c\"></span>\u2019s long-term rating by Moody\u2019s, </span><span style=\"display:inherit;clear:left;\">Fitch and Standard &amp; Poor\u2019s is a notch higher than that of Italian sovereign debt. Based on the methodology adopted by </span><span style=\"display:inherit;clear:left;\">Moody's and S&amp;P<span class=\"_ _1\"></span>, a one notch downgrade of the Italian Republic's current rating would trigger a likely corresponding </span><span style=\"display:inherit;clear:left;\">downward adjustment of Snam's current rating. In this regard, it should be noted that on 17 November 2023 Moody's </span><span style=\"display:inherit;clear:left;\">confirmed the rating of the Italian Republic, improving the outlook to stable from negative; this action led to the revision </span><span style=\"display:inherit;clear:left;\">of Snam's outlook from negative to stable on 21 November 2023. The next rating agency reviews for the Italian Republic </span><span style=\"display:inherit;clear:left;\">are scheduled for 19 April 2024 for S&amp;P<span class=\"_ _1\"></span>, 3 May 2024 for Fitch, and 31 May 2024 for Moody's.</span><span style=\"display:inherit;clear:left;\">Although the Snam Group has relationships with diversified counterparties with a high credit standing, based on a policy </span><span style=\"display:inherit;clear:left;\">of managing and continuously monitoring their active credit risk, the default of an active counterparty or the difficulty of </span><span style=\"display:inherit;clear:left;\">selling off assets on the market could have a negative impact on the Snam Group<span class=\"_ _c\"></span>'s financial position and performance.</span><span style=\"display:inherit;clear:left;\">The following table shows the amounts of contractually due payments related to financial debts and liabilities for leased </span><span style=\"display:inherit;clear:left;\">assets, including interest payments, and liabilities for derivative instruments: </span><span style=\"display:inherit;clear:left;position:relative;height:646.85546875px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 474.203px; top: 0.0078125px; width: 130.143px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Contractual c</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ash flows</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 281.422px; top: 27.5078px; width: 66.4453px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Book value </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 34.2422px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 367.172px; top: 34.2578px; width: 354.105px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal flows</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 20.7422px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.2578px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.2578px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.2578px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2026</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.2578px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2027</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.9648px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">After</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 269.453px; top: 41.0078px; width: 75.2812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">at 31.12.2022</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 67.9043px; width: 720.469px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bank loans</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 255.85px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,860</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,851</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">618</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">721</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">237</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">152</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">227</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">896</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 94.2168px; width: 720.141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Debenture loans (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 207.393px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,457</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,459</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">718</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,171</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,267</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,550</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">553</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,200</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 120.529px; width: 478.055px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Euro C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ommercial Paper - E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">CP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 157.184px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,128</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,130</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,130</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 146.842px; width: 720.744px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Interest on loans</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 232.635px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">803</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">803</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">147</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">132</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">111</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">96</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">70</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">247</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 173.17px; width: 720.223px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial payables for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 138.527px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">33</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">33</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 199.482px; width: 672.082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other lenders</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 248.326px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">202</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">202</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 173.929px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">200</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 225.795px; width: 477.879px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade payables and other payables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.082px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8,129</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8,129</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">8,129</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 252.107px; width: 170.918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ONTRACTUAL FLO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">WS </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 308.391px; top: 258.873px; width: 412.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">22,612</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">22,607</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 13.4824px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">10,751</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.84766px; display: inline-block;\"> </span></span></span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,030</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.9648px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,620</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.9648px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,803</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.9648px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,052</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.9648px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5,351</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 265.607px; width: 146.836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">OF FINANCIAL LIABILITIES</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 295.848px; width: 352.113px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)    Future payments include the cash flo</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">w generated by hedging derivative c</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ontracts.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 474.203px; top: 339.914px; width: 130.143px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Contractual c</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ash flows</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 281.422px; top: 369.539px; width: 66.4453px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Book value </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 376.273px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 367.172px; top: 376.289px; width: 354.105px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal flows</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 20.7422px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.2578px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.2578px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2026</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.2578px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2027</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.2578px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2028</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.9648px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">After</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 269.453px; top: 383.039px; width: 75.2812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">at 31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 409.92px; width: 720.469px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bank loans</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 255.85px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,549</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,527</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">980</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">486</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">916</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">241</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">113</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">791</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 436.248px; width: 720.135px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Debenture loans (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 207.393px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,876</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,891</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,172</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,267</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,550</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">552</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,100</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,250</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 462.561px; width: 717.404px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Euro C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ommercial Paper - E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">CP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 157.184px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,679</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,681</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,681</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7324px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 488.873px; width: 720.352px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Interest on loans</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 223.295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,034</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,034</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">247</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">202</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">171</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">116</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">91</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">207</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 515.186px; width: 720.357px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial payables for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 138.527px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">43</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">43</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.5059px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 541.514px; width: 717.768px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other lenders</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 248.326px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">505</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">502</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7324px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 567.826px; width: 718.102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade payables and other payables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.082px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6,466</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6,466</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">6,422</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">43</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7324px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 594.139px; width: 170.918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ONTRACTUAL FLO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">WS </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 308.391px; top: 600.889px; width: 413.162px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">23,118</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24,144</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 13.9746px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">11,513</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 18.8672px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.84766px; display: inline-block;\"> </span></span></span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,006</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.9648px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,644</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.9648px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,413</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.9648px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,307</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.9648px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5,261</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 607.639px; width: 146.836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">OF FINANCIAL LIABILITIES</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 637.863px; width: 352.113px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)    Future payments include the cash flo</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">w generated by hedging derivative c</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ontracts.</span></span></span><span style=\"display:inherit;clear:left;\">With reference to the timing of payments in respect of trade and other payables, please refer to Note 22 'T<span class=\"_ _c\"></span>rade and other </span><span style=\"display:inherit;clear:left;\">payables'.</span><span style=\"display:inherit;clear:left;\">27.5 <span class=\"_ _85\"> </span>Fair value of financial instruments</span><span style=\"display:inherit;clear:left;\">accordance with IFRS 13, according to the fair value hierarchy defined according to the significance of the inputs used </span><span style=\"display:inherit;clear:left;\">in the valuation process. In particular<span class=\"_ _1\"></span>, depending on the characteristics of the inputs used for valuation, the fair value </span><span style=\"display:inherit;clear:left;\">hierarchy has the following levels:</span><span style=\"display:inherit;clear:left;\">a) <span class=\"_ _84\"> </span>L<span class=\"_ _c\"></span>evel 1:<span class=\"ff7b\"> quoted prices (unmodified) in active markets for identical assets or liabilities that the entity can access at the </span></span><span style=\"display:inherit;clear:left;\">measurement date;</span><span style=\"display:inherit;clear:left;\">b) <span class=\"_ _3f0\"> </span>Level 2: <span class=\"ff7b\">inputs other than quoted mark<span class=\"_ _c\"></span>et prices included within Level 1 that are observable for the asset or liability, </span></span><span style=\"display:inherit;clear:left;\">either directly (such as prices) or indirectly (derived from prices<span class=\"_ _c\"></span>);</span><span style=\"display:inherit;clear:left;\">c) <span class=\"_ _94\"> </span>Level 3: <span class=\"ff7b\">inputs are unobservable inputs.</span></span><span style=\"display:inherit;clear:left;\">In connection with the above, assets and liabilities measured at fair value at 31 December 2023 are classified as follows: </span><span style=\"display:inherit;clear:left;position:relative;height:286.58984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 364.984px; top: 0.0078125px; width: 279.234px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Fair V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">alue</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 164.444px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Fair V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">alue</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 19.9141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 291.469px; top: 26.3359px; width: 62.9297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 368.031px; top: 26.3359px; width: 31.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 416.328px; top: 26.3359px; width: 31.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 465.5px; top: 26.3359px; width: 34.0488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 512.328px; top: 26.3359px; width: 62.9297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 590.031px; top: 26.3359px; width: 31.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 638.469px; top: 26.3359px; width: 34.0488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 686.984px; top: 26.3359px; width: 31.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 245.703px; top: 33.6543px; width: 33.4102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Notes</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 291.469px; top: 39.8359px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 392.312px; top: 39.8359px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 440.547px; top: 39.8359px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 489.109px; top: 39.8359px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 512.328px; top: 39.8359px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 614.844px; top: 39.8359px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 662.469px; top: 39.8359px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 711.766px; top: 39.8359px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.1484px; width: 179.695px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Minority investments ac</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">count</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ed</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 253.25px; top: 73.4824px; width: 465.141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(11)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">52</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.5059px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.4727px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.4727px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">41</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.6484px; width: 79.0371px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for at FV</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TOCI </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.977px; width: 718.424px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Contingent c</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">onsideration (</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">earn-out) (a)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">25</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 132.434px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">25</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">282</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.822px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">282</span></span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.289px; width: 669.902px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Securities and fund units</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 111.346px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(11)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.9531px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 118.365px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.9531px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">7</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.617px; width: 669.785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assets for hedging derivati</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ves </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 76.377px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(13)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.5509px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 118.365px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.5252px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">4</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 185.498px; width: 669.768px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- rates</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 311.121px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.5509px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 118.365px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.5252px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.811px; width: 670.143px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- commodities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 492.78px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.5509px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.123px; width: 200.021px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Liabilities for non-hedging financial </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 253.25px; top: 244.889px; width: 416.414px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(21)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 276.416px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(14)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.5918px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">(14)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 251.623px; width: 61.8516px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">derivatives</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 277.598px; width: 346.846px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(a) This item is classified in Note 22 'T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade and Other Payables - Inv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">estment Payables'.</span></span></span><span style=\"display:inherit;clear:left;\">Minority equity investments valued at FV<span class=\"_ _0\"></span>TOCI (\u20ac50 million) essentially refer to the companies Adriatic LNG and Storegga </span><span style=\"display:inherit;clear:left;\">Limited, classified as Level 3, and the company ITM Power<span class=\"_ _1\"></span>, classified as Level 1. </span><span style=\"display:inherit;clear:left;\">Contingent considerations (\u20ac282 million), classified as Level 3, refer to the estimated earn-outs contractually agreed upon </span><span style=\"display:inherit;clear:left;\">in the context of transactions to acquire equity investments.</span><span style=\"display:inherit;clear:left;\">Securities and fund units (\u20ac7 million), classified as level 2, relate to units in the Clean H2 Infra F<span class=\"_ _c\"></span>und (HY24) and CDP </span><span style=\"display:inherit;clear:left;\">Corporate Partners I - Energy T<span class=\"_ _1\"></span>ech Fund.</span><span style=\"display:inherit;clear:left;\">Financial derivative assets for hedging purposes (\u20ac4 million), classified as level 2, refer to derivative contracts used to </span><span style=\"display:inherit;clear:left;\">hedge the risk of fluctuations in interest rates and commodity prices.</span><span style=\"display:inherit;clear:left;\">Financial derivative liabilities for non-hedging purposes (\u20ac14 million), classified as level 2, refer to the optional component </span><span style=\"display:inherit;clear:left;\">embedded in the debenture loan convertible into Italgas S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. ordinary shares.</span><span style=\"display:inherit;clear:left;\">During 2023, there were no transfers between the different levels of the fair value hierarchy.</span><span style=\"display:inherit;clear:left;\">27.6 <span class=\"_ _3f0\"> </span>Financial assets and financial liabilities not measured at fair value</span><span style=\"display:inherit;clear:left;\">The table below shows, for each class of assets and liabilities not measured at fair value in the Statement of Financial </span><span style=\"display:inherit;clear:left;\">Position, but for which fair value must be disclosed, the fair value at the end of the period in which the valuation was </span><span style=\"display:inherit;clear:left;\">39</span><span style=\"display:inherit;clear:left;\">made</span><span style=\"display:inherit;clear:left;\">: </span><span style=\"display:inherit;clear:left;position:relative;height:218.87109375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 263.891px; top: 0.0078125px; width: 23.9766px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Fair </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 548.875px; top: 0.0078125px; width: 23.9766px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Fair </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 161.797px; top: 6.74219px; width: 57.6504px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 305.156px; top: 6.75781px; width: 34.0488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 361.266px; top: 6.75781px; width: 31.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 407.484px; top: 6.75781px; width: 31.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 446.312px; top: 6.75781px; width: 57.6504px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 590.375px; top: 6.77344px; width: 31.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 645.094px; top: 6.77344px; width: 31.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 687.922px; top: 6.77344px; width: 31.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 13.4922px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 241.672px; top: 13.5078px; width: 46.6699px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">value at </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 526.359px; top: 13.5078px; width: 46.6699px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">value at </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 160.125px; top: 20.2422px; width: 55.6348px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 328.453px; top: 20.2578px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 383.703px; top: 20.2578px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 430.5px; top: 20.2578px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 446.312px; top: 20.2578px; width: 55.6348px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 615.234px; top: 20.2734px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 669.672px; top: 20.2734px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 711.172px; top: 20.2734px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 226.422px; top: 27.0078px; width: 58.0371px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 511.469px; top: 27.0078px; width: 58.0371px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.9043px; width: 111.604px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Long-term financial </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 196.188px; top: 60.6699px; width: 479.432px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">102</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">95</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">95</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.9142px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">82</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">83</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">83</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 67.4043px; width: 80.6309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">receivables (a)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.7324px; width: 620.174px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Debenture loans (b)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.9784px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(9,351)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.5195px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,089)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.2344px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,089)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 127.148px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(9,769)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.5195px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,977)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.2344px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,977)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 120.061px; width: 620.438px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- fixed rate </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.086px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(9,351)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,089)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 13.4824px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,089)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.15px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(9,769)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,977)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 13.4824px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,977)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 146.373px; width: 675.428px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bank loans (b)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.7147px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,460)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,369)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,369)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,326)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.5195px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,251)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,251)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 172.686px; width: 676.049px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- fixed rate</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.022px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,460)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,369)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.4784px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,369)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.2772px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,326)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.0234px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,251)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,251)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.629px; width: 383.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">a) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 2.83008px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">For further details, please refer to Note 11 'Other current and non-current financial assets'.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 209.879px; width: 323.004px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">b) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 2.30859px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">For further details, see Note 17 'C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">urrent and non-current financial liabilities'.</span></span></span><span style=\"display:inherit;clear:left;\">27.7 <span class=\"_ _3f0\"> </span>Other information on financial instruments</span><span style=\"display:inherit;clear:left;\">The value at which financial instruments are recognised and their economic and equity effects are analysed as follows: </span><span style=\"display:inherit;clear:left;position:relative;height:425.40234375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 286.219px; top: 0.0078125px; width: 416.074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Income (</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">expenses) recognised in</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Income (</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">expenses) recognised in</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 453.188px; top: 26.3359px; width: 35.0332px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 684.266px; top: 26.3359px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 33.4141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 353.641px; top: 33.0859px; width: 36.8203px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Profit </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 582.938px; top: 33.0859px; width: 36.8203px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Profit </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 272.641px; top: 39.8359px; width: 58.9688px; white-space: pre; word-spacing: 0px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 404.953px; top: 39.8359px; width: 83.5254px; white-space: pre; word-spacing: 0px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">components of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 501.156px; top: 39.8359px; width: 58.9688px; white-space: pre; word-spacing: 0px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 632.906px; top: 39.8359px; width: 88.5645px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">components of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 227.438px; top: 46.5859px; width: 34.5176px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Notes</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 340.781px; top: 46.5859px; width: 49.4297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and loss </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 571.453px; top: 46.5859px; width: 49.4297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and loss </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 270.656px; top: 53.3359px; width: 56.8359px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 403.531px; top: 53.3359px; width: 84.6973px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">compr</span><span style=\"word-spacing: 0.36px; letter-spacing: -0.36px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ehensive </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 499.906px; top: 53.3359px; width: 56.8359px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 631.188px; top: 53.3359px; width: 89.373px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">compr</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ehensive </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 343.75px; top: 60.0859px; width: 44.4551px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">acc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ount</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 573.375px; top: 60.0859px; width: 44.4551px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">acc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ount</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 446.312px; top: 66.8359px; width: 39.0176px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 676.938px; top: 66.8359px; width: 41.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.7168px; width: 714.744px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade and other receivables</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 85.7168px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(15)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,624</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(17)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.7071px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,505</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(61)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 120.029px; width: 714.768px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Ecobonus/Sismabonus Credits </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(13)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">85</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.8926px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">345</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 146.357px; width: 175.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial receivables measured </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 234.203px; top: 153.107px; width: 480.65px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(11)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.8614px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">118</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">102</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.857px; width: 113.824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">at amortised cost (a</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 186.186px; width: 182.104px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Minority investments acc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ounted </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 234.203px; top: 192.936px; width: 483.51px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(11)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">52</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(44)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 199.686px; width: 76.1309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for at FVTOCI</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 226.014px; width: 172.225px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Hedging derivatives measured </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 234.203px; top: 232.764px; width: 486.006px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(13)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.5196px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.9531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 239.514px; width: 84.5918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">at fair value (b)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 265.842px; width: 197.438px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-hedging derivatives measured </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 234.203px; top: 272.592px; width: 480.48px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(21)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.5918px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(14)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 279.342px; width: 83.8477px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">at fair value (a)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 305.67px; width: 188.701px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current and non-current financial </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 234.203px; top: 312.42px; width: 480.428px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(17)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.3691px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(13,680)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.5058px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(175)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(16,552)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(295)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 319.17px; width: 215.584px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities measured at amortised cost (a</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 345.498px; width: 714.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade and other payables (c)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 76.8517px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(22)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,129)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.6835px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(30)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.8926px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(6,466)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(17)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 371.41px; width: 296.531px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(a) The economic effects were recognised under 'Net financial expenses'.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 382.66px; width: 717.146px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(b) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">The effects on the income statement relate t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o the ineffective portion, if any. The differentials related t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o the hedging portion were recognised to net the economic effects of </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 12.5312px; top: 393.91px; width: 128.133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">the related hedged instrument.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 405.16px; width: 707.186px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(c) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">The economic effects, relating to the fair value measurement of contractually agreed earn-outs, were recognised under 'Net financial expenses'. In 2022, they were mainly </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 12.5312px; top: 416.41px; width: 228.656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">recognised under 'Net income from equity in</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vestments'.</span></span></span><span style=\"display:inherit;clear:left;\">39 <span class=\"_ _94\"> </span>Please note that we have excluded from the table assets and liabilities natively at variable interest rates and financial liabilities for leased assets.</span><span style=\"display:inherit;clear:left;\">28) <span class=\"_ _35\"> </span>CRIMINAL <span class=\"_ _1\"></span>AND T<span class=\"_ _1\"></span>AX LITIGA<span class=\"_ _11\"></span>TION </span><span style=\"display:inherit;clear:left;\">AND PROCEEDINGS WITH THE </span><span style=\"display:inherit;clear:left;\">REGULA<span class=\"_ _11\"></span>TOR<span class=\"_ _c\"></span>Y AUTHORITY<span class=\"_ _1\"></span> ARERA </span><span style=\"display:inherit;clear:left;\">Snam is a party in civil, administrative and criminal proceedings<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">and in legal actions related to the normal course of its business.<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">Based on the information currently available, taking into<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">account the existing risks, Snam believes that no material<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">adverse effects will result from these proceedings and actions.</span><span style=\"display:inherit;clear:left;\">In addition to the information given in Note 18 'Provisions<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">for risks and charges', a summary of the most significant<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">proceedings is given below; unless otherwise indicated, no<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">provision has been made for the disputes described below<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">because the Company believes that an unfavourable outcome </span><span style=\"display:inherit;clear:left;\">of the proceedings is unlikely, or because the amount of the </span><span style=\"display:inherit;clear:left;\">provision cannot be reliably estimated.</span><span style=\"display:inherit;clear:left;\">At 31 December 2023, risks for damages and disputes relating<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">to litigation in progress, but where the risk of losing the case is<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">not considered probable, amounted to \u20ac61 million (\u20ac42 million<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">at 31 December 2022).</span><span style=\"display:inherit;clear:left;\">28.1 <span class=\"_ _3f0\"> </span>Criminal litigation</span><span style=\"display:inherit;clear:left;\">Snam Rete Gas S.p.A. - Pineto event </span><span style=\"display:inherit;clear:left;\">On 6 March 2015, in Mutignano, a landslide hit the San </span><span style=\"display:inherit;clear:left;\">Benedetto Del T<span class=\"_ _c\"></span>ronto-Chieti section of the Ravenna-Chieti </span><span style=\"display:inherit;clear:left;\">gas pipeline for about ten metres, causing it to rupture and </span><span style=\"display:inherit;clear:left;\">the consequent leakage of gas, with a subsequent fire due </span><span style=\"display:inherit;clear:left;\">to the simultaneous fall of an electricity pylon. </span><span style=\"display:inherit;clear:left;\">In relation to the event, the Public Prosecutor's Office at </span><span style=\"display:inherit;clear:left;\">the Court of T<span class=\"_ _1\"></span>eramo immediately opened an investigation, </span><span style=\"display:inherit;clear:left;\">hypothesising the crime of unintentional negligent </span><span style=\"display:inherit;clear:left;\">disaster and negligent forest fire. At the outcome of the </span><span style=\"display:inherit;clear:left;\">investigation, the Public Prosecutor's Office requested </span><span style=\"display:inherit;clear:left;\">the indictment of Snam Rete Gas technicians and technical </span><span style=\"display:inherit;clear:left;\">managers. The Judge for the Preliminary Heading of </span><span style=\"display:inherit;clear:left;\">the Court of T<span class=\"_ _1\"></span>eramo, at the outcome of the preliminar<span class=\"_ _0\"></span>y </span><span style=\"display:inherit;clear:left;\">hearing, issued the decree ordering the trial on 03 October </span><span style=\"display:inherit;clear:left;\">2018. At the first pre-trial hearing on 10 January 2019, the </span><span style=\"display:inherit;clear:left;\">Presiding Judge ordered the transfer of the proceedings </span><span style=\"display:inherit;clear:left;\">to a single judge functionally competent in relation to </span><span style=\"display:inherit;clear:left;\">the offences charged against the defendants. On 17 </span><span style=\"display:inherit;clear:left;\">September 2020, the first pre-trial hearing took place, at </span><span style=\"display:inherit;clear:left;\">which all parties formulated their requests for evidence. </span><span style=\"display:inherit;clear:left;\">In the many subsequent hearings, which lasted from 2019 </span><span style=\"display:inherit;clear:left;\">to 2023, there was the examination and cross-examination </span><span style=\"display:inherit;clear:left;\">of the witnesses and technical experts of the Prosecution, </span><span style=\"display:inherit;clear:left;\">as well as the examination and cross-examination of the </span><span style=\"display:inherit;clear:left;\">technical experts appointed by the defendants' defence. </span><span style=\"display:inherit;clear:left;\">At the end of the pre-trial hearing, in November 2023, </span><span style=\"display:inherit;clear:left;\">the indictment of the Public Prosecutor took place, and in </span><span style=\"display:inherit;clear:left;\">January 2024, the defence arguments of the defendants </span><span style=\"display:inherit;clear:left;\">were made. At the hearing on 06 February 2024, the judge </span><span style=\"display:inherit;clear:left;\">acquitted all defendants 'because the fact does not exist'. </span><span style=\"display:inherit;clear:left;\">The deadline for filing the grounds of the judgment was set </span><span style=\"display:inherit;clear:left;\">at 90 days.</span><span style=\"display:inherit;clear:left;\">28.2 <span class=\"_ _3f0\"> </span>Proceedings with ARERA<span class=\"_ _1\"></span> (the energy </span><span style=\"display:inherit;clear:left;\">regulator) </span><span style=\"display:inherit;clear:left;\">Snam Rete Gas S.p.A. - Investigation to ascertain </span><span style=\"display:inherit;clear:left;\">violations regarding natural gas metering vis-\u00e0-vis </span><span style=\"display:inherit;clear:left;\">Snam Rete Gas S.p.A. and request for information </span><span style=\"display:inherit;clear:left;\">With resolution VIS 97/11, notified on 15 November 2011, </span><span style=\"display:inherit;clear:left;\">ARER<span class=\"_ _0\"></span>A initiated a proceeding to ascertain the existence of </span><span style=\"display:inherit;clear:left;\">violations in the field of natural gas metering, in relation </span><span style=\"display:inherit;clear:left;\">to alleged anomalies in the measurement of gas with </span><span style=\"display:inherit;clear:left;\">reference to 45 plants; with resolution 431/2012/S/Gas, </span><span style=\"display:inherit;clear:left;\">the proceedings were joined with other proceedings, </span><span style=\"display:inherit;clear:left;\">concerning the same facts alleged against the Company, </span><span style=\"display:inherit;clear:left;\">initiated against the distribution company concerned. </span><span style=\"display:inherit;clear:left;\">Snam Rete Gas submitted a commitment proposal in </span><span style=\"display:inherit;clear:left;\">relation to the contested conduct which, by way of </span><span style=\"display:inherit;clear:left;\">resolution 332/2015/S/gas, ARER<span class=\"_ _0\"></span>A declared inadmissible, </span><span style=\"display:inherit;clear:left;\">deeming that it was not suitable for restoring the balance </span><span style=\"display:inherit;clear:left;\">of interests prior to the contested violations or for </span><span style=\"display:inherit;clear:left;\">eliminating any immediate and direct consequences of the </span><span style=\"display:inherit;clear:left;\">violations. </span><span style=\"display:inherit;clear:left;\">At the end of the preliminary investigation, on 20 </span><span style=\"display:inherit;clear:left;\">October 2017, ARER<span class=\"_ _0\"></span>A notified Snam Rete Gas of the </span><span style=\"display:inherit;clear:left;\">findings in which the objections formulated in the </span><span style=\"display:inherit;clear:left;\">decision to initiate the procedure were confirmed. The </span><span style=\"display:inherit;clear:left;\">Company requested the allocation of time limits to </span><span style=\"display:inherit;clear:left;\">conduct its defence and, to this end, was summoned </span><span style=\"display:inherit;clear:left;\">for the hearing before the panel of the Authority held </span><span style=\"display:inherit;clear:left;\">on 1 March 2018, when a defence brief was filed. At </span><span style=\"display:inherit;clear:left;\">the outcome of the proceedings, the Authority, while </span><span style=\"display:inherit;clear:left;\">accepting part of the Company's arguments considered </span><span style=\"display:inherit;clear:left;\">relevant in terms of the quantification of the penalty, by </span><span style=\"display:inherit;clear:left;\">resolution 206/2018/S/gas of 5 April 2018, imposed an </span><span style=\"display:inherit;clear:left;\">administrative fine on Snam Rete Gas of \u20ac880,000. The </span><span style=\"display:inherit;clear:left;\">Company, while paying the fine, challenged resolution<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">206/2018/S/gas before the Regional Administrative </span><span style=\"display:inherit;clear:left;\">Court of Milan. The Regional Administrative Court, in </span><span style=\"display:inherit;clear:left;\">ruling no. 2141/2022, upheld the Company's appeal. </span><span style=\"display:inherit;clear:left;\">ARER<span class=\"_ _0\"></span>A appealed against this ruling before the Council </span><span style=\"display:inherit;clear:left;\">of State. A hearing on the merits was held at the </span><span style=\"display:inherit;clear:left;\">beginning of March 2023. The Council of State, in </span><span style=\"display:inherit;clear:left;\">ruling no. 3977/2023: (i) accepted the objection raised </span><span style=\"display:inherit;clear:left;\">by ARER<span class=\"_ _0\"></span>A with regard to the existence of the acts </span><span style=\"display:inherit;clear:left;\">interrupting the five-year limitation period, but (ii) after </span><span style=\"display:inherit;clear:left;\">first noting that the Authority did not deem it necessary </span><span style=\"display:inherit;clear:left;\">to establish in a general and preventive manner a time </span><span style=\"display:inherit;clear:left;\">limit for the duration of the sanctions proceedings with </span><span style=\"display:inherit;clear:left;\">the approval of the relative Regulation pursuant to </span><span style=\"display:inherit;clear:left;\">resolution 243/2012/E/Com and that the same Authority<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">had disregarded the self-determined time limit for the<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">duration of the sanctions proceedings against Snam </span><span style=\"display:inherit;clear:left;\">Rete Gas pursuant to resolution 27 October 2011 - VIS </span><span style=\"display:inherit;clear:left;\">97/11 (225 days), it ruled that it did not have to depart<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">from its own orientation formed over time concerning </span><span style=\"display:inherit;clear:left;\">the peremptory (and not regulative) nature of the term </span><span style=\"display:inherit;clear:left;\">of duration of ARER<span class=\"_ _0\"></span>A<span class=\"_ _1\"></span>'s sanctioning proceedings, with </span><span style=\"display:inherit;clear:left;\">the effect of rendering illegitimate the sanction where </span><span style=\"display:inherit;clear:left;\">imposed beyond that term (as occurred in the case in </span><span style=\"display:inherit;clear:left;\">question) and (iii) as a result, upheld for a different </span><span style=\"display:inherit;clear:left;\">reason and with a different justification the judgment </span><span style=\"display:inherit;clear:left;\">under appeal (i.e. the annulment of resolution no. </span><span style=\"display:inherit;clear:left;\">206/2018/S/Gas<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">Snam Rete Gas S.p.A. - Resolution 250/2015/R/gas, </span><span style=\"display:inherit;clear:left;\">published on 1 June 2015 concerning: the \u201cAdoption of </span><span style=\"display:inherit;clear:left;\">measures on the odorization of gas for domestic and </span><span style=\"display:inherit;clear:left;\">similar uses by end customers directly connected to </span><span style=\"display:inherit;clear:left;\">natural gas transmission networks\u201d and subsequent </span><span style=\"display:inherit;clear:left;\">amendments and implementations</span><span style=\"display:inherit;clear:left;\">With resolution 250/2015/R/gas, following a ruling by </span><span style=\"display:inherit;clear:left;\">the Regional Administrative Court of Milan, ARERA<span class=\"_ _0\"></span>, </span><span style=\"display:inherit;clear:left;\">the energy regulator<span class=\"_ _1\"></span>, amended Article 5 of Resolution </span><span style=\"display:inherit;clear:left;\">602/2013/R/gas concerning the obligation of transmission </span><span style=\"display:inherit;clear:left;\">companies to odorise end customers directly connected </span><span style=\"display:inherit;clear:left;\">to the transmission network who, taking into account </span><span style=\"display:inherit;clear:left;\">the categories of use indicated in the Integrated Gas </span><span style=\"display:inherit;clear:left;\">Settlement Act (TISG), use the redelivered gas not merely </span><span style=\"display:inherit;clear:left;\">in a technological way. In this regard, ARERA stipulated </span><span style=\"display:inherit;clear:left;\">that the transmission companies should complete the </span><span style=\"display:inherit;clear:left;\">implementation of the adaptation plans by 31 January </span><span style=\"display:inherit;clear:left;\">2017, after carrying out a six-monthly census of the </span><span style=\"display:inherit;clear:left;\">redelivery points concerned (by 31 July 2015) and </span><span style=\"display:inherit;clear:left;\">transmitting to ARER<span class=\"_ _0\"></span>A (by 30 November 2015) the </span><span style=\"display:inherit;clear:left;\">adaptation plan with the description of the technical </span><span style=\"display:inherit;clear:left;\">solution identified. Snam Rete Gas challenged the above-</span><span style=\"display:inherit;clear:left;\">mentioned resolution on the grounds that the deadline for </span><span style=\"display:inherit;clear:left;\">implementing the Plan could only be determined following </span><span style=\"display:inherit;clear:left;\">the census. </span><span style=\"display:inherit;clear:left;\">Having completed the census, during the transmission </span><span style=\"display:inherit;clear:left;\">of the adjustment plan and subsequent updates, Snam </span><span style=\"display:inherit;clear:left;\">Rete Gas once again referred to the Authority the </span><span style=\"display:inherit;clear:left;\">unreasonableness of the aforementioned deadline, </span><span style=\"display:inherit;clear:left;\">which instead ARER<span class=\"_ _0\"></span>A decided to confirm with resolution </span><span style=\"display:inherit;clear:left;\">484/2016/E/gas. Consequently, Snam Rete Gas, as part </span><span style=\"display:inherit;clear:left;\">of the appeal with which it had challenged resolution </span><span style=\"display:inherit;clear:left;\">250/2015/R/gas, filed an appeal for additional grounds </span><span style=\"display:inherit;clear:left;\">against resolution 484/2016/E/gas requesting the </span><span style=\"display:inherit;clear:left;\">suspension of the challenged resolutions. </span><span style=\"display:inherit;clear:left;\">The request for suspension was granted by the Council </span><span style=\"display:inherit;clear:left;\">of State. On the merits, following the hearing held on </span><span style=\"display:inherit;clear:left;\">16 January 2019, with ruling 869 of 17 April 2019, the </span><span style=\"display:inherit;clear:left;\">Regional Administrative Court of Milan upheld the appeal </span><span style=\"display:inherit;clear:left;\">filed by Snam Rete Gas, declaring the unlawfulness of the </span><span style=\"display:inherit;clear:left;\">deadline set by the Authority as manifestly unreasonable </span><span style=\"display:inherit;clear:left;\">insofar as it did not take into account the complexity of the </span><span style=\"display:inherit;clear:left;\">activities to be carried out by the transporter and the need </span><span style=\"display:inherit;clear:left;\">for the cooperation of the end customers on whom the </span><span style=\"display:inherit;clear:left;\">onus was, to ensure the use of gas in safe conditions for the </span><span style=\"display:inherit;clear:left;\">workers concerned.</span><span style=\"display:inherit;clear:left;\">It should be noted that, by Ministerial Decree of 18 May </span><span style=\"display:inherit;clear:left;\">2018, the Ministry for Economic Development set the onus </span><span style=\"display:inherit;clear:left;\">on end customers directly connected to the natural gas </span><span style=\"display:inherit;clear:left;\">transportation network to ensure the use of gas in safe </span><span style=\"display:inherit;clear:left;\">conditions where they use, partially, gas for domestic or </span><span style=\"display:inherit;clear:left;\">similar uses, even if combined with technological uses. As </span><span style=\"display:inherit;clear:left;\">a result of the activities functional to the implementation </span><span style=\"display:inherit;clear:left;\">of the Decree, end customers have certified that they </span><span style=\"display:inherit;clear:left;\">guarantee the safe use of gas in accordance with the </span><span style=\"display:inherit;clear:left;\">Decree.</span><span style=\"display:inherit;clear:left;\">Within the framework of the Consultation Document </span><span style=\"display:inherit;clear:left;\">(DCO 203/2019/R/Gas<span class=\"_ _c\"></span>) preparator<span class=\"_ _0\"></span>y to the revision of </span><span style=\"display:inherit;clear:left;\">the regulation on the quality of the transmission service, </span><span style=\"display:inherit;clear:left;\">ARER<span class=\"_ _0\"></span>A expressed its intention: (i) to confirm the regulatory </span><span style=\"display:inherit;clear:left;\">framework set forth in the aforementioned resolution </span><span style=\"display:inherit;clear:left;\">250/2015/R/Gas without providing a deadline by which </span><span style=\"display:inherit;clear:left;\">the plan must be implemented; and (ii) to promote a </span><span style=\"display:inherit;clear:left;\">regulatory amendment to coordinate the regulation with </span><span style=\"display:inherit;clear:left;\">the above-mentioned Ministerial Decree. Following up on </span><span style=\"display:inherit;clear:left;\">what had been anticipated in the DCO<span class=\"_ _c\"></span>, with resolution </span><span style=\"display:inherit;clear:left;\">554/2019/R/gas, the Authority confirmed the previous </span><span style=\"display:inherit;clear:left;\">regulatory regime (obligation to odorize gas of the </span><span style=\"display:inherit;clear:left;\">transporter), thus once again proposing coordination </span><span style=\"display:inherit;clear:left;\">with the obligations imposed by the Decree. Therefore, </span><span style=\"display:inherit;clear:left;\">pending a possible regulatory change, Snam Rete Gas has </span><span style=\"display:inherit;clear:left;\">challenged resolution 554/2019/R/gas before the Regional </span><span style=\"display:inherit;clear:left;\">Administrative Court of Milan, G.R<span class=\"_ _0\"></span>. no. 497/2020. The date </span><span style=\"display:inherit;clear:left;\">of the hearing still has to be set. The contested regulator<span class=\"_ _0\"></span>y </span><span style=\"display:inherit;clear:left;\">framework was further confirmed in resolution No. </span><span style=\"display:inherit;clear:left;\">589/2023/R/gas, with which, as a result of the consultation </span><span style=\"display:inherit;clear:left;\">process set forth in DCO 451/2023/R/Gas, ARERA adopted </span><span style=\"display:inherit;clear:left;\">the regulatory criteria for the quality of the natural gas </span><span style=\"display:inherit;clear:left;\">transportation service for the sixth regulator<span class=\"_ _0\"></span>y period </span><span style=\"display:inherit;clear:left;\">(2024-2027). </span><span style=\"display:inherit;clear:left;\">28.3 <span class=\"_ _3f0\"> </span>T<span class=\"_ _1\"></span>ax disputes </span><span style=\"display:inherit;clear:left;\">Snam Rete Gas S.p.A. - Local property and municipal </span><span style=\"display:inherit;clear:left;\">taxes - Municipalities in Northern Italy</span><span style=\"display:inherit;clear:left;\">Some municipalities in Northern Italy served Snam Rete </span><span style=\"display:inherit;clear:left;\">Gas with 17 notices of assessment for local taxes, for the </span><span style=\"display:inherit;clear:left;\">years 2016, 2017 and 2018, which followed requests for </span><span style=\"display:inherit;clear:left;\">information for cadastral purposes pursuant to Article 1, </span><span style=\"display:inherit;clear:left;\">paragraph 693, of Law no. 147/2013. The company has </span><span style=\"display:inherit;clear:left;\">made a provision for risks and charges.</span><span style=\"display:inherit;clear:left;\">Stogit S.p.A. - Local property tax</span><span style=\"display:inherit;clear:left;\">The municipality of Bordolano investigated the position </span><span style=\"display:inherit;clear:left;\">of property tax in relation to the building areas owned </span><span style=\"display:inherit;clear:left;\">by the Company in the territory of the same municipality </span><span style=\"display:inherit;clear:left;\">for the years 2012 to 2015. The amounts assessed by the </span><span style=\"display:inherit;clear:left;\">Municipality with the notices of assessment relating to </span><span style=\"display:inherit;clear:left;\">the tax years 2012, 2013 and 2014 - as redetermined by </span><span style=\"display:inherit;clear:left;\">the Lombardy Regional T<span class=\"_ _c\"></span>ax Commission - were paid by the </span><span style=\"display:inherit;clear:left;\">Company during 2020, pending the relevant judgments.</span><span style=\"display:inherit;clear:left;\">With reference to the notice of assessment issued by the </span><span style=\"display:inherit;clear:left;\">municipality in 2015, the Company paid the notice. </span><span style=\"display:inherit;clear:left;\">With reference to the subsequent years 2016 - 2017 - 2018, </span><span style=\"display:inherit;clear:left;\">the Company has already adjusted its payments to the </span><span style=\"display:inherit;clear:left;\">higher value assessed by the Municipality.</span><span style=\"display:inherit;clear:left;\">Stogit S.p.A. \u2013 Hyper-amortisation</span><span style=\"display:inherit;clear:left;\">Starting in 2018, Stogit benefited from the so-called </span><span style=\"display:inherit;clear:left;\">hyper<span class=\"_ _c\"></span>-amortisation on investments made in some </span><span style=\"display:inherit;clear:left;\">compressor stations within the Bordolano concession. </span><span style=\"display:inherit;clear:left;\">Initially, the Revenue Agency (Circular No. 4/E of 2017)<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">had clarified that the legal/formal criteria relating to the </span><span style=\"display:inherit;clear:left;\">general accrual rules provided for in Article 109(1) and (2) </span><span style=\"display:inherit;clear:left;\">of the Consolidated Law on Income T<span class=\"_ _c\"></span>axes were relevant </span><span style=\"display:inherit;clear:left;\">for the purpose of identifying the time when investments </span><span style=\"display:inherit;clear:left;\">are made.</span><span style=\"display:inherit;clear:left;\">More recently, the Inland Revenue has provided new </span><span style=\"display:inherit;clear:left;\">elements, giving relevance to the moment when the </span><span style=\"display:inherit;clear:left;\">transfer of ownership took place.</span><span style=\"display:inherit;clear:left;\">In light of the above, Stogit promptly checked whether </span><span style=\"display:inherit;clear:left;\">the new clarifications contained therein could have any </span><span style=\"display:inherit;clear:left;\">repercussions with regard to the hyper<span class=\"_ _c\"></span>-amortisation </span><span style=\"display:inherit;clear:left;\">allowance for plants. This analysis showed that the benefit </span><span style=\"display:inherit;clear:left;\">relative to the hyper<span class=\"_ _c\"></span>-amortisation may potentially be </span><span style=\"display:inherit;clear:left;\">challenged by the tax authorities. The company has made </span><span style=\"display:inherit;clear:left;\">a provision for risks and charges.</span><span style=\"display:inherit;clear:left;\">Snam S.p.A. - Questionnaire Q00017/2020 on V<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>T </span><span style=\"display:inherit;clear:left;\">On 13 February 2020, the Italian Revenue Agenc<span class=\"_ _0\"></span>y </span><span style=\"display:inherit;clear:left;\">served Snam (hereinafter the \"Company\") with a V<span class=\"_ _1\"></span>A<span class=\"_ _c\"></span>T </span><span style=\"display:inherit;clear:left;\">questionnaire requesting the reasons for the voluntary </span><span style=\"display:inherit;clear:left;\">correction of tax errors made in 2016 with reference to </span><span style=\"display:inherit;clear:left;\">the years 2012, 2013, 2014 and 2015. In particular<span class=\"_ _1\"></span>, in </span><span style=\"display:inherit;clear:left;\">2016, the Company submitted supplementary tax returns </span><span style=\"display:inherit;clear:left;\">relating to the years 2012 to 2014 to acknowledge the </span><span style=\"display:inherit;clear:left;\">performance - as from 2012 - of a new activity of granting </span><span style=\"display:inherit;clear:left;\">loans and that in relation to this activity the Company </span><span style=\"display:inherit;clear:left;\">intended to use the optional separation of activities </span><span style=\"display:inherit;clear:left;\">pursuant to Article 36, paragraph 3, of Presidential Decree </span><span style=\"display:inherit;clear:left;\">no. 633/1972 for V<span class=\"_ _1\"></span>A<span class=\"_ _c\"></span>T purposes. On the other hand, as </span><span style=\"display:inherit;clear:left;\">far as 2015 is concerned, the relevant annual tax return </span><span style=\"display:inherit;clear:left;\">was submitted within the ordinary time limits and the </span><span style=\"display:inherit;clear:left;\">voluntary correction of errors was applied (related to </span><span style=\"display:inherit;clear:left;\">the keeping of separate accounts<span class=\"_ _c\"></span>) that had affected the </span><span style=\"display:inherit;clear:left;\">correct monthly payments. </span><span style=\"display:inherit;clear:left;\">Following a preliminary enquir<span class=\"_ _0\"></span>y, on 21 December 2020, </span><span style=\"display:inherit;clear:left;\">the Revenue Agency ser<span class=\"_ _0\"></span>ved a notice requesting the </span><span style=\"display:inherit;clear:left;\">Company to appear for a cross-examination concerning </span><span style=\"display:inherit;clear:left;\">the years 2012-2013-2014-2015, to better verify whether </span><span style=\"display:inherit;clear:left;\">it had actually behaved 'ex ante' in this regard.</span><span style=\"display:inherit;clear:left;\">In order to avoid long and complex litigation, the </span><span style=\"display:inherit;clear:left;\">Company settled the agreed amounts on 25 March 2021 </span><span style=\"display:inherit;clear:left;\">and 30 November 2022, following acceptance of the </span><span style=\"display:inherit;clear:left;\">assessment.</span><span style=\"display:inherit;clear:left;\">28.4 <span class=\"_ _3f0\"> </span>Other proceedings</span><span style=\"display:inherit;clear:left;\">Snam Rete Gas S.p.A. - Regulation criteria  </span><span style=\"display:inherit;clear:left;\">for natural gas transportation and dispatching tariffs  </span><span style=\"display:inherit;clear:left;\">for the 2010-2013 period </span><span style=\"display:inherit;clear:left;\">With ruling no. 2888/2015, the Council of State rejected </span><span style=\"display:inherit;clear:left;\">the appeal made by ARER<span class=\"_ _0\"></span>A for the reform of the ruling of </span><span style=\"display:inherit;clear:left;\">the Regional Administrative Court of Milan no. 995/2013, </span><span style=\"display:inherit;clear:left;\">which had annulled the provisions contained in resolutions </span><span style=\"display:inherit;clear:left;\">ARG/gas/184/09, 192/09, 198/09 and 218/10 concerning </span><span style=\"display:inherit;clear:left;\">natural gas transportation and dispatching tariffs for </span><span style=\"display:inherit;clear:left;\">the period 2010 - 2013, relating, in particular<span class=\"_ _1\"></span>, to the </span><span style=\"display:inherit;clear:left;\">commodity/capacity allocation, the reform of the entry/</span><span style=\"display:inherit;clear:left;\">exit model, and the gas for consumption by compressor </span><span style=\"display:inherit;clear:left;\">stations (self-consumption<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">With resolution 428/2015/C/gas, ARERA resolved to file </span><span style=\"display:inherit;clear:left;\">an appeal for revocation against the aforementioned </span><span style=\"display:inherit;clear:left;\">ruling on the grounds of error of fact. This appeal that was </span><span style=\"display:inherit;clear:left;\">subsequently withdrawn on 29 March 2018 due to the </span><span style=\"display:inherit;clear:left;\">supervening lack of interest in continuing the proceedings. </span><span style=\"display:inherit;clear:left;\">At the same time, the Authority complied with the </span><span style=\"display:inherit;clear:left;\">aforementioned rulings with resolution 550/2016/R/gas in </span><span style=\"display:inherit;clear:left;\">which, having reformed the self-consumption regulation, </span><span style=\"display:inherit;clear:left;\">it justifiably confirmed the remaining tariff criteria also in </span><span style=\"display:inherit;clear:left;\">light of the consultations carried out. </span><span style=\"display:inherit;clear:left;\">Given the confirmatory nature of the aforementioned </span><span style=\"display:inherit;clear:left;\">resolution, the transportation user that had challenged </span><span style=\"display:inherit;clear:left;\">the ARER<span class=\"_ _0\"></span>A orders appealed for compliance with the </span><span style=\"display:inherit;clear:left;\">aforementioned rulings and for resolution 550/2016/R/</span><span style=\"display:inherit;clear:left;\">gas to be declared null and void. With ruling no. 494/2017, </span><span style=\"display:inherit;clear:left;\">the Regional Administrative Court of Milan partially </span><span style=\"display:inherit;clear:left;\">upheld the appeal with specific reference to the issue of </span><span style=\"display:inherit;clear:left;\">the commodity/capacity allocation, considering that the </span><span style=\"display:inherit;clear:left;\">contested Authority had complied in an inaccurate and </span><span style=\"display:inherit;clear:left;\">partial manner with ruling 995/2013 and that, therefore, </span><span style=\"display:inherit;clear:left;\">the Authority should proceed with a supplementary </span><span style=\"display:inherit;clear:left;\">assessment of the effects of the choices made. </span><span style=\"display:inherit;clear:left;\">Ruling 494/2017 was appealed by the user filing the </span><span style=\"display:inherit;clear:left;\">appeal, and also cross-appealed by ARERA<span class=\"_ _0\"></span>. With ruling </span><span style=\"display:inherit;clear:left;\">no.1840/2018 of 23 March 2018, the Council of State, </span><span style=\"display:inherit;clear:left;\">in partial acceptance of the Authority's cross-appeal, </span><span style=\"display:inherit;clear:left;\">dismissed the action of invalidity for breach of judgment </span><span style=\"display:inherit;clear:left;\">filed by the User in the first instance and ordered the </span><span style=\"display:inherit;clear:left;\">conversion of the proceedings into an ordinary annulment </span><span style=\"display:inherit;clear:left;\">judgment. The proceedings were consequently resumed </span><span style=\"display:inherit;clear:left;\">before the Regional Administrative Court of Milan, G.R<span class=\"_ _0\"></span>. </span><span style=\"display:inherit;clear:left;\">no. 2919/2016 and no. 1041/2018, and at present we are </span><span style=\"display:inherit;clear:left;\">waiting for the hearing date to be set.</span><span style=\"display:inherit;clear:left;\">It should also be noted that in its recent ruling no. 301 of </span><span style=\"display:inherit;clear:left;\">1 February 2021, the Regional Administrative Court of </span><span style=\"display:inherit;clear:left;\">Milan partially annulled, on partially similar grounds, ARERA </span><span style=\"display:inherit;clear:left;\">resolution 575/2017/R/gas relating to the 2018-2019 </span><span style=\"display:inherit;clear:left;\">transitional regulatory period. In particular, the censures </span><span style=\"display:inherit;clear:left;\">of the 90:10 capacity/commodity ratio were upheld. </span><span style=\"display:inherit;clear:left;\">Moreover<span class=\"_ _1\"></span>, the Regional Administrative Court held that </span><span style=\"display:inherit;clear:left;\">the aforementioned resolution should be annulled insofar </span><span style=\"display:inherit;clear:left;\">as it provided for the determination of the unit costs of </span><span style=\"display:inherit;clear:left;\">transport on the basis of calculations of gas flows (so-called </span><span style=\"display:inherit;clear:left;\">flows and counter-flows<span class=\"_ _c\"></span>). The ruling was appealed by the </span><span style=\"display:inherit;clear:left;\">Authority before the Council of State, G.R<span class=\"_ _0\"></span>.no. 4007/2021, </span><span style=\"display:inherit;clear:left;\">which rejected ARER<span class=\"_ _0\"></span>A<span class=\"_ _1\"></span>'s appeal with ruling no. 7386 of 27 </span><span style=\"display:inherit;clear:left;\">July 2023. </span><span style=\"display:inherit;clear:left;\">The Regional Administrative Court, in ruling no. 219/2022, </span><span style=\"display:inherit;clear:left;\">upheld a similar appeal in relation to the tariff regime for </span><span style=\"display:inherit;clear:left;\">the 2014-2017 thermal years set forth in ARERA resolution </span><span style=\"display:inherit;clear:left;\">no. 514/2013/R/gas, which was confirmed on appeal </span><span style=\"display:inherit;clear:left;\">in ruling no. 8523 of 5 October 2022. In relation to the </span><span style=\"display:inherit;clear:left;\">aforementioned ruling, ARER<span class=\"_ _0\"></span>A initiated proceedings to </span><span style=\"display:inherit;clear:left;\">comply with it by means of resolution 70/2023/R/gas of </span><span style=\"display:inherit;clear:left;\">28 February 2023, which was followed by the presentation </span><span style=\"display:inherit;clear:left;\">of DCO No. 424/2023/R/gas in which the Authority's </span><span style=\"display:inherit;clear:left;\">guidelines on the aforementioned ruling no. 8523/2022, as </span><span style=\"display:inherit;clear:left;\">well as the subsequent ruling no. 7386/2023, on the subject </span><span style=\"display:inherit;clear:left;\">of the criteria for regulating natural gas transportation </span><span style=\"display:inherit;clear:left;\">service tariffs for the 2014-2017 and 2018-2019 regulator<span class=\"_ _0\"></span>y </span><span style=\"display:inherit;clear:left;\">periods, were indicated.</span><span style=\"display:inherit;clear:left;\">Lastly, it should be noted that, with rulings nos. 440/2020 </span><span style=\"display:inherit;clear:left;\">and 33/2021 of the Regional Administrative Court of </span><span style=\"display:inherit;clear:left;\">Milan, the aforementioned resolution 575/2017/R/gas </span><span style=\"display:inherit;clear:left;\">and resolution 114/2019/R/gas (2020-2023 tariff criteria) </span><span style=\"display:inherit;clear:left;\">were partially annulled insofar as they do not provide </span><span style=\"display:inherit;clear:left;\">for a degressive tariff in favour of large gas consumers </span><span style=\"display:inherit;clear:left;\">in implementation of specific primary legislation. Both </span><span style=\"display:inherit;clear:left;\">rulings were appealed by the Authority. The hearing the </span><span style=\"display:inherit;clear:left;\">appeals before the Council of State took place in April </span><span style=\"display:inherit;clear:left;\">2022, followed by rulings nos. 6096/2022 and 6098/2022 </span><span style=\"display:inherit;clear:left;\">rejecting the respective appeals of the Authority.</span><span style=\"display:inherit;clear:left;\">In all the aforementioned cases, the disputed profiles do </span><span style=\"display:inherit;clear:left;\">not affect recognised transport company revenues. </span><span style=\"display:inherit;clear:left;\">The orders of the Council of State were implemented </span><span style=\"display:inherit;clear:left;\">by resolution 410/2023/R/Gas of 19 September 2023 on </span><span style=\"display:inherit;clear:left;\">'Measures for the economic efficiency of the transmission </span><span style=\"display:inherit;clear:left;\">tariff for customers with higher natural gas consumption'. </span><span style=\"display:inherit;clear:left;\">This resolution was also the subject of an appeal in the </span><span style=\"display:inherit;clear:left;\">context of compliance actions brought by the original </span><span style=\"display:inherit;clear:left;\">applicants, who complained that the order adopted by </span><span style=\"display:inherit;clear:left;\">ARER<span class=\"_ _0\"></span>A did not comply with the final judgement. The </span><span style=\"display:inherit;clear:left;\">appeals do not affect the position of Snam Rete Gas, which, </span><span style=\"display:inherit;clear:left;\">therefore, has no interest in entering an apperance in the </span><span style=\"display:inherit;clear:left;\">relevant proceedings.</span><span style=\"display:inherit;clear:left;\">Stogit S.p.A. - <span class=\"_ _c\"></span>Appeals Coordination Environmentalists </span><span style=\"display:inherit;clear:left;\">Committee  </span><span style=\"display:inherit;clear:left;\">With Presidential Decree of 16 September 2019, the </span><span style=\"display:inherit;clear:left;\">binding opinion published by the Council of State on </span><span style=\"display:inherit;clear:left;\">27 June 2019, in which the appeals lodged by the </span><span style=\"display:inherit;clear:left;\">Coordinamento Comitato Ambientalisti (Environemntalists </span><span style=\"display:inherit;clear:left;\">Committee Coordination), along with others were </span><span style=\"display:inherit;clear:left;\">upheld, was implemented. This Presidential Decree states </span><span style=\"display:inherit;clear:left;\">that: (i) due to the failure to file the documentation </span><span style=\"display:inherit;clear:left;\">of the Environmental Impact Assessment (EIA) in the </span><span style=\"display:inherit;clear:left;\">municipalities of Azzanello and Verolavecchia, the decree </span><span style=\"display:inherit;clear:left;\">on the EIA issued in 2009 for the construction of the new </span><span style=\"display:inherit;clear:left;\">Bordolano storage plant, subject to the prescriptions </span><span style=\"display:inherit;clear:left;\">contained therein, is annulled only for the part in which </span><span style=\"display:inherit;clear:left;\">it expressed a favourable opinion on environmental </span><span style=\"display:inherit;clear:left;\">compatibility; (ii) therefore the decree of the Ministry of </span><span style=\"display:inherit;clear:left;\">Economic Development of 28 December 2011 (approval </span><span style=\"display:inherit;clear:left;\">of the variation of the work programme of the \"Bordolano </span><span style=\"display:inherit;clear:left;\">Stoccaggio\" concession<span class=\"_ _c\"></span>) and (iii) the orders of the Ministry </span><span style=\"display:inherit;clear:left;\">of the Environment (protocol 18804 of 8 August 2013 and </span><span style=\"display:inherit;clear:left;\">protocol14583 of 16 May 2014), on the subject of the EIA, </span><span style=\"display:inherit;clear:left;\">are annulled, without prejudice to the continued validity of </span><span style=\"display:inherit;clear:left;\">the prescriptions contained therein, for the protection of </span><span style=\"display:inherit;clear:left;\">public safety and security, which are in no way affected by </span><span style=\"display:inherit;clear:left;\">the annulment ruling. The Council of State also established </span><span style=\"display:inherit;clear:left;\">the reopening of the EIA and the Ministry of the </span><span style=\"display:inherit;clear:left;\">Environment promptly reopened the terms of the EIA (with </span><span style=\"display:inherit;clear:left;\">note DV<span class=\"_ _1\"></span>A U28389 of 29 October 2019) limited only to the </span><span style=\"display:inherit;clear:left;\">municipalities of Azzanello and Verolavecchia; of these, only </span><span style=\"display:inherit;clear:left;\">the municipality of V<span class=\"_ _c\"></span>erolavecchia submitted comments, </span><span style=\"display:inherit;clear:left;\">which were supplemented by those of other parties. The </span><span style=\"display:inherit;clear:left;\">proceedings are currently pending before the T<span class=\"_ _1\"></span>echnical </span><span style=\"display:inherit;clear:left;\">Commission for EIA and Stogit has provided all technical </span><span style=\"display:inherit;clear:left;\">clarifications to the comments submitted. It should be </span><span style=\"display:inherit;clear:left;\">added that the Ministry for Economic Development<span class=\"_ _0\"></span>, in note </span><span style=\"display:inherit;clear:left;\">U.0025890 of 22 November 2019, issued an order pursuant </span><span style=\"display:inherit;clear:left;\">to Article 29, paragraph 3 of Legislative Decree 152/2006, </span><span style=\"display:inherit;clear:left;\">whereby the continuation of storage activities at the </span><span style=\"display:inherit;clear:left;\">Bordolano plant was allowed pending the completion of </span><span style=\"display:inherit;clear:left;\">the EIA. There are grounds to believe that there is a remote </span><span style=\"display:inherit;clear:left;\">risk that the EIA will not be confirmed; however<span class=\"_ _1\"></span>, also in </span><span style=\"display:inherit;clear:left;\">light of the time elapsed, the possibility that the EIA will </span><span style=\"display:inherit;clear:left;\">be confirmed by the Ministry of the Environment with the </span><span style=\"display:inherit;clear:left;\">addition of prescriptive conditions which Stogit will have to </span><span style=\"display:inherit;clear:left;\">comply with can be assessed as probable.</span><span style=\"display:inherit;clear:left;\">Appeal by the Environmentalist Forum and <span class=\"_ _c\"></span>Appeal </span><span style=\"display:inherit;clear:left;\">by WWF Italia - <span class=\"_ _c\"></span>Associazione Salviamo l'Orso </span><span style=\"display:inherit;clear:left;\">Marsicano ODV against the integrated environmental </span><span style=\"display:inherit;clear:left;\">authorisation for the new Sulmona power station </span><span style=\"display:inherit;clear:left;\">The Environmentalist Forum, which claims to be an </span><span style=\"display:inherit;clear:left;\">environmental defence association, lodged an appeal on </span><span style=\"display:inherit;clear:left;\">2 June 2021 with the Regional Administrative Court of </span><span style=\"display:inherit;clear:left;\">Lazio for the annulment of Decree no. 000086 of 11 March </span><span style=\"display:inherit;clear:left;\">2021 of the Ministry of Ecological Transition, concerning </span><span style=\"display:inherit;clear:left;\">the \"Issue of the integrated environmental authorisation </span><span style=\"display:inherit;clear:left;\">(IEA)\" for the operation of the gas compression station of </span><span style=\"display:inherit;clear:left;\">the company Snam Rete Gas located in Sulmona (Aquila) (ID </span><span style=\"display:inherit;clear:left;\">7015/9997), as well as all the prior<span class=\"_ _1\"></span>, consequential or in any<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">case connected acts. </span><span style=\"display:inherit;clear:left;\">The applicant claims that its reasons are based on: (i) seismic </span><span style=\"display:inherit;clear:left;\">risk to which the Snam Rete Gas works would be subjected; </span><span style=\"display:inherit;clear:left;\">(ii) failure to investigate emissions and to take into account </span><span style=\"display:inherit;clear:left;\">their effects on animals and plants in the area concerned; (iii) </span><span style=\"display:inherit;clear:left;\">failure to prepare the Strategic Environmental Assessment </span><span style=\"display:inherit;clear:left;\">(SEA) as a prerequisite for the granting of the IEA<span class=\"_ _0\"></span>; (iv) </span><span style=\"display:inherit;clear:left;\">shortcomings in the preliminary procedure leading to the<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">granting of the IEA<span class=\"_ _0\"></span>. No interim application was made. A </span><span style=\"display:inherit;clear:left;\">hearing on the merits was held at the end of January 2023.<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">The Regional Administrative Court, in its ruling no. 3668 of 6 </span><span style=\"display:inherit;clear:left;\">March 2023, dismissed the appeal. The ruling was filed and </span><span style=\"display:inherit;clear:left;\">the deadline for appealing against it expired in the first ten </span><span style=\"display:inherit;clear:left;\">days of April 2023; since no appeal was filed, the position in </span><span style=\"display:inherit;clear:left;\">question was definitively closed.</span><span style=\"display:inherit;clear:left;\">With an appeal to the President of the Republic dated 6 </span><span style=\"display:inherit;clear:left;\">August 2021, the Italian Association for the World Wildlife </span><span style=\"display:inherit;clear:left;\">Fund of Nature Wwf Italia Onlus and the association </span><span style=\"display:inherit;clear:left;\">Salviamo l'orso Bruno Marsicano_ODV also requested the </span><span style=\"display:inherit;clear:left;\">annulment of the Decree of the Ministry of Ecological<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>ransition no. 0000086 of 11.03.2021 constituting the IEA<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">of the new Sulmona power plant. The reasons given are: (i) </span><span style=\"display:inherit;clear:left;\">the ineffectiveness of the EIA, which would have ceased in<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">2016; (ii) excess power in having ignored the observations of </span><span style=\"display:inherit;clear:left;\">the Municipality of Sulmona and the Maiella National Park, </span><span style=\"display:inherit;clear:left;\">the Abruzzo National Park and the Monte Genzana - Alto </span><span style=\"display:inherit;clear:left;\">Gizio Regional Nature Reserve; (iii) failing to adequately<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">consider seismic risk; (iv) failing to consider comments from </span><span style=\"display:inherit;clear:left;\">the public; (v) infringement of the law and misuse of powers </span><span style=\"display:inherit;clear:left;\">due to a lack of a preliminary investigation in relation to<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">emissions into the atmosphere and impact on the climate; </span><span style=\"display:inherit;clear:left;\">vi) violation of Directive 42/2001/EC for failure to carry out </span><span style=\"display:inherit;clear:left;\">a Strategic Environmental Assessment. Following Snam<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">Rete Gas's opposition, the appeal was resumed before the </span><span style=\"display:inherit;clear:left;\">Regional Administrative Court of Lazio by the appellants </span><span style=\"display:inherit;clear:left;\">on 3 November 2021. The Regional Administrative Court, </span><span style=\"display:inherit;clear:left;\">after the hearing on the merits held at the end of May 2023, </span><span style=\"display:inherit;clear:left;\">pronounced ruling no. 9253/2023, whereby, fully adhering </span><span style=\"display:inherit;clear:left;\">to the objection raised by Snam Rete Gas, it rejected the </span><span style=\"display:inherit;clear:left;\">appeal, declaring it inadmissible. The ruling was filed and the </span><span style=\"display:inherit;clear:left;\">deadline for appealing against it expired in the first few days </span><span style=\"display:inherit;clear:left;\">of September 2023; since no appeal was filed, the position in </span><span style=\"display:inherit;clear:left;\">question was definitively closed.</span><span style=\"display:inherit;clear:left;\">Snam Rete Gas S.p.A. - <span class=\"_ _c\"></span>Action brought by </span><span style=\"display:inherit;clear:left;\">Assogasmetano, Assopetroli-Assoenergia, </span><span style=\"display:inherit;clear:left;\">Federmetano vs. <span class=\"_ _c\"></span>ARERA<span class=\"_ _c\"></span> as well as Snam Rete Gas </span><span style=\"display:inherit;clear:left;\">and Societ\u00e0 Gasdotti Italia (GR 2337/2023 Regional </span><span style=\"display:inherit;clear:left;\">Administrative Court of Milan) concerning the </span><span style=\"display:inherit;clear:left;\">reorganisation of the metering service on the gas </span><span style=\"display:inherit;clear:left;\">transportation network</span><span style=\"display:inherit;clear:left;\">Assogasmetano, Assopetroli-A<span class=\"_ _0\"></span>ssoenergia, Federmetano </span><span style=\"display:inherit;clear:left;\">(representing companies operating in the automotive </span><span style=\"display:inherit;clear:left;\">sector) filed an appeal against ARER<span class=\"_ _0\"></span>A and against Snam </span><span style=\"display:inherit;clear:left;\">Rete Gas and Societ\u00e0 Gasdotti Italia for the annulment, </span><span style=\"display:inherit;clear:left;\">subject to precautionary suspension of <span class=\"ff18 ws2e\">\"resolution </span></span><span style=\"display:inherit;clear:left;\">433/2023/R/gas of 28 September 2023 entitled Approval<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">of the proposed updates to the Network Code of Snam R<span class=\"_ _c\"></span>ete </span><span style=\"display:inherit;clear:left;\">Gas SpA and Societ\u00e0 Gasdotti Italia SpA and amendments </span><span style=\"display:inherit;clear:left;\">to the RMT<span class=\"_ _c\"></span>G\"<span class=\"ff7b\"> as well as for the annulment of all further </span></span><span style=\"display:inherit;clear:left;\">related measures including resolution 512/2021/R/Gas, </span><span style=\"display:inherit;clear:left;\">which provided for the regulation of the reorganisation </span><span style=\"display:inherit;clear:left;\">of the metering service on the gas transportation </span><span style=\"display:inherit;clear:left;\">network. In particular<span class=\"_ _1\"></span>, the applicants have contested: </span><span style=\"display:inherit;clear:left;\">(i) the application of certain fees associated with non-</span><span style=\"display:inherit;clear:left;\">compliance with minimum functional requirements laid </span><span style=\"display:inherit;clear:left;\">down in the regulation, the fulfilment of which, according </span><span style=\"display:inherit;clear:left;\">to the applicants, is impossible de facto; as well as (ii) the </span><span style=\"display:inherit;clear:left;\">obligation (sanctioned by the closure of the redelivery </span><span style=\"display:inherit;clear:left;\">point) to sign the so-called metering agreement that </span><span style=\"display:inherit;clear:left;\">would commit them to comply with the aforementioned </span><span style=\"display:inherit;clear:left;\">requirements. At the outcome of the Council Chambers </span><span style=\"display:inherit;clear:left;\">of 6 December 2023, the Regional Administrative Court </span><span style=\"display:inherit;clear:left;\">of Milan, with order no. 1136 published on 11 December </span><span style=\"display:inherit;clear:left;\">2023, rejected the interim application for relief of the </span><span style=\"display:inherit;clear:left;\">trade associations, deeming the periculum in mora to </span><span style=\"display:inherit;clear:left;\">be non-existent, also anticipating some considerations </span><span style=\"display:inherit;clear:left;\">on the fumus bonis iuris, albeit on the basis of the </span><span style=\"display:inherit;clear:left;\">elements acquired on a precautionary basis. The Regional </span><span style=\"display:inherit;clear:left;\">Administrative Court of Milan has, in fact, pointed out: </span><span style=\"display:inherit;clear:left;\">(i) a possible lack of uniformity of the interests of the </span><span style=\"display:inherit;clear:left;\">individual members from which the claimants would </span><span style=\"display:inherit;clear:left;\">derive a lack of legal powers; (ii) a possible lateness </span><span style=\"display:inherit;clear:left;\">of the appeal, given that resolution 433/2023/R/gas </span><span style=\"display:inherit;clear:left;\">amended only certain aspects of resolution 512/2021/R/</span><span style=\"display:inherit;clear:left;\">gas, whereas the appellants' objections appear to have </span><span style=\"display:inherit;clear:left;\">a more general scope. The date of the hearing on the </span><span style=\"display:inherit;clear:left;\">merits still has to be set. In the meantime, with an appeal </span><span style=\"display:inherit;clear:left;\">filed on 29 December 2023, Assogasmetano, Assopetroli-</span><span style=\"display:inherit;clear:left;\">Assoenergia, Federmetano lodged a precautionar<span class=\"_ _0\"></span>y </span><span style=\"display:inherit;clear:left;\">appeal for the reform of order no.1136 of 11 November </span><span style=\"display:inherit;clear:left;\">2023. The precautionary appeal was registered under </span><span style=\"display:inherit;clear:left;\">G.R 10143/2023 and the Council Chambers was set for </span><span style=\"display:inherit;clear:left;\">23 January 2024. In its order no. 245 of 24 Januar<span class=\"_ _0\"></span>y 2024, </span><span style=\"display:inherit;clear:left;\">the Council of State rejected the precautionary appeal, </span><span style=\"display:inherit;clear:left;\">finding that the periculum in mora was non-existent and </span><span style=\"display:inherit;clear:left;\">the objections on the lateness of the appeal in relation to </span><span style=\"display:inherit;clear:left;\">resolution 512/2021/R/gas were not justified.</span><span style=\"display:inherit;clear:left;\">Snam S.p.A. - <span class=\"_ _c\"></span>Appeal brought by the Region of Sardinia </span><span style=\"display:inherit;clear:left;\">for the annulment of the Prime Minister<span class=\"_ _0\"></span>\u2019<span class=\"_ _c\"></span>s Decree of </span><span style=\"display:inherit;clear:left;\">29 March 2022, concerning the \"Identification of the </span><span style=\"display:inherit;clear:left;\">works and infrastructure necessary to phase out the </span><span style=\"display:inherit;clear:left;\">use of coal in Sardinia and the decarbonisation of the </span><span style=\"display:inherit;clear:left;\">island's industrial sectors\", and of <span class=\"_ _c\"></span>ARERA<span class=\"_ _c\"></span> resolution </span><span style=\"display:inherit;clear:left;\">279/2022/R/Com, concerning the start of the procedure </span><span style=\"display:inherit;clear:left;\">for the implementation of the Prime Minister<span class=\"_ _0\"></span>\u2019<span class=\"_ _c\"></span>s Decree </span><span style=\"display:inherit;clear:left;\">of 29 March 2022</span><span style=\"display:inherit;clear:left;\">On 27 July 2022, the Region of Sardinia filed an appeal to </span><span style=\"display:inherit;clear:left;\">the Regional Administrative Court for Lazio - Rome (\"T<span class=\"_ _1\"></span>AR </span><span style=\"display:inherit;clear:left;\">Roma\") against the Prime Minister's Office, the Ministry of </span><span style=\"display:inherit;clear:left;\">Ecological T<span class=\"_ _c\"></span>ransition, the Ministr<span class=\"_ _0\"></span>y of Enterprise and Made </span><span style=\"display:inherit;clear:left;\">in Italy, the Ministry of Sustainable Infrastructure and </span><span style=\"display:inherit;clear:left;\">Mobility, Snam, ARERA and RSE S<span class=\"_ _0\"></span>.p.<span class=\"_ _0\"></span>A. for the annulment<span class=\"_ _0\"></span>, </span><span style=\"display:inherit;clear:left;\">subject to the issue of precautionary measures, of the </span><span style=\"display:inherit;clear:left;\">Prime Minister\u2019s Decree for Sardinia (Official Gazette </span><span style=\"display:inherit;clear:left;\">of 30.5.2022) of 29 March 2022, concerning the </span><span style=\"display:inherit;clear:left;\">\"Identification of the works and infrastructures necessary to<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">phase out the use of coal in Sardinia and the decarbonisation<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">of the industrial sectors on the Island\" <span class=\"ff7b\">and of the resolution<span class=\"_ _c\"></span> </span></span><span style=\"display:inherit;clear:left;\">ARER<span class=\"_ _0\"></span>A 279/2022/R/Com concerning the initiation of the </span><span style=\"display:inherit;clear:left;\">procedure for the implementation of the Prime Minister\u2019s </span><span style=\"display:inherit;clear:left;\">Decree of 29.3.2022. The Regional Administrative Court </span><span style=\"display:inherit;clear:left;\">of Rome, following the hearing of 14 September 2022, </span><span style=\"display:inherit;clear:left;\">rejected the appeal of the Region of Sardinia in its entirety </span><span style=\"display:inherit;clear:left;\">by ruling no. 12149 of 26 September 2022.</span><span style=\"display:inherit;clear:left;\">On 26 October 2022, the Region of Sardinia filed before </span><span style=\"display:inherit;clear:left;\">the Council of State an appeal, G.R<span class=\"_ _0\"></span>. no. 8145/2022, </span><span style=\"display:inherit;clear:left;\">requesting the annulment and/or reform, subject to </span><span style=\"display:inherit;clear:left;\">suspension, of the aforementioned ruling no. 12149. The </span><span style=\"display:inherit;clear:left;\">Council of State, in order no. 5322/2022, granted the </span><span style=\"display:inherit;clear:left;\">petition, finding that the precautionary requirements </span><span style=\"display:inherit;clear:left;\">were favourable and could be adequately protected </span><span style=\"display:inherit;clear:left;\">by the prompt settlement of the case on the merits, </span><span style=\"display:inherit;clear:left;\">thus setting the hearing for 23 February 2023. In the </span><span style=\"display:inherit;clear:left;\">meantime, the Municipality of Portoscuso filed its own </span><span style=\"display:inherit;clear:left;\">action ad adiuvandum supporting the Region's arguments.<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">At the beginning of February 2023, the Region of Sardinia, </span><span style=\"display:inherit;clear:left;\">in agreement with the State Authorities referred to in </span><span style=\"display:inherit;clear:left;\">the lawsuit with the patronage of the Attorney General\u2019s </span><span style=\"display:inherit;clear:left;\">Office, notified the Council of State that a renewed </span><span style=\"display:inherit;clear:left;\">process of joint dialogue had been initiated between all </span><span style=\"display:inherit;clear:left;\">the public entities in various capacities involved in the </span><span style=\"display:inherit;clear:left;\">proceedings connected with the adoption and execution </span><span style=\"display:inherit;clear:left;\">of the contested measures. Upon the Region's motion<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">for postponement, to which the appearing parties </span><span style=\"display:inherit;clear:left;\">agreed, the hearing was adjourned to 16 November </span><span style=\"display:inherit;clear:left;\">2023. At that hearing, the Council of State, noting the </span><span style=\"display:inherit;clear:left;\">request for adjournment due to pending institutional </span><span style=\"display:inherit;clear:left;\">negotiations, ordered the adjournment to a date to be </span><span style=\"display:inherit;clear:left;\">determined. In order for the hearing on the merits to be </span><span style=\"display:inherit;clear:left;\">set, input from the Region of Sardinia will be required </span><span style=\"display:inherit;clear:left;\">(e.g., a new application to set a hearing or an application </span><span style=\"display:inherit;clear:left;\">for withdrawal) and an update on the aforementioned </span><span style=\"display:inherit;clear:left;\">negotiations is therefore pending.</span><span style=\"display:inherit;clear:left;\">GNL Italia S.p.A. - <span class=\"_ _1\"></span>Appeal against the Province of La </span><span style=\"display:inherit;clear:left;\">Spezia and the Municipality of Porto V<span class=\"_ _1\"></span>enere for the </span><span style=\"display:inherit;clear:left;\">annulment of the provisions contained in the IEA<span class=\"_ _c\"></span> order </span><span style=\"display:inherit;clear:left;\">for the Panigaglia plant requiring compliance with limit </span><span style=\"display:inherit;clear:left;\">values that are not in line with current legislation on </span><span style=\"display:inherit;clear:left;\">noise (T<span class=\"_ _1\"></span>AR Lazio-Roma, G.R. 12796/2023)</span><span style=\"display:inherit;clear:left;\">GNL filed the appeal before the Regional Administrative </span><span style=\"display:inherit;clear:left;\">Court of Lazio-Rome (\u201cT<span class=\"_ _c\"></span>AR Roma\u201d) to annul<span class=\"ff18\"> in parte qua</span> (i) </span><span style=\"display:inherit;clear:left;\">the Order of the Province of La Spezia, no. 618 of 26 June </span><span style=\"display:inherit;clear:left;\">2023, concerning the \u201cIssue of the Integrate Environmental </span><span style=\"display:inherit;clear:left;\">AUthorisation pursuant to Legislative Decree<span class=\"ff18\"> 152/2006 to </span></span><span style=\"display:inherit;clear:left;\">the Copan<span class=\"_ _c\"></span>y GNL Italia S.p.A<span class=\"_ _0\"></span>. for the install<span class=\"_ _c\"></span>ation known as the </span><span style=\"display:inherit;clear:left;\">GNL Italia plant, located in the Municipality of Portovenere </span><span style=\"display:inherit;clear:left;\">L<span class=\"_ _1\"></span>ocalit\u00e0 Panigaglia\"<span class=\"ff7b\">, (ii) the note of the Province of La </span></span><span style=\"display:inherit;clear:left;\">Spezia, Environment<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>T<span class=\"_ _c\"></span>own Planning-Planning Service file </span><span style=\"display:inherit;clear:left;\">no. 19341 of 9 August 2023 concerning the <span class=\"ff18\">\"Note GNL File </span></span><span style=\"display:inherit;clear:left;\">GNL/7092 of 21 July 2023 - Response<span class=\"_ _c\"></span>\"<span class=\"ff7b\"> and, where necessary, </span></span><span style=\"display:inherit;clear:left;\">(iii) the Resolutions of the Council of the Municipality of </span><span style=\"display:inherit;clear:left;\">Porto V<span class=\"_ _1\"></span>enere no. 12 and no. 13 of 29 April 2016 concerning, </span><span style=\"display:inherit;clear:left;\">respectively, the <span class=\"ff18\">\"Cl<span class=\"_ _c\"></span>assification of the acoustics of the </span></span><span style=\"display:inherit;clear:left;\">municipal territory - adoption<span class=\"_ _1\"></span>\" <span class=\"ff7b\">and</span> \"Municipal regulations for </span><span style=\"display:inherit;clear:left;\">the protection from noise pollution<span class=\"_ _1\"></span>\"<span class=\"ff7b\">. The appeal was filed on </span></span><span style=\"display:inherit;clear:left;\">27 September 2023 and was filed within the time limit, with </span><span style=\"display:inherit;clear:left;\">the assignment of G.R<span class=\"_ _0\"></span>. no. 12796/2023. The date of the </span><span style=\"display:inherit;clear:left;\">hearing on the merits still has to be set. In the meantime, </span><span style=\"display:inherit;clear:left;\">following the reopening of the Conference of Services on </span><span style=\"display:inherit;clear:left;\">the issue of noise, the Province of La Spezia, with Decision </span><span style=\"display:inherit;clear:left;\">no. 1101 of 17 November 2023, amended the IEA order, </span><span style=\"display:inherit;clear:left;\">but not in a manner satisfactory to GNL<span class=\"_ _0\"></span>, which therefore </span><span style=\"display:inherit;clear:left;\">challenged the latter provision by way of additional </span><span style=\"display:inherit;clear:left;\">grounds within the deadline of 15 January 2024.</span><span style=\"display:inherit;clear:left;\">Snam FSRU Italia S.r<span class=\"_ _1\"></span>.l. - Municipality of Piombino vs. </span><span style=\"display:inherit;clear:left;\">the Special Governance Commissioner and others, as </span><span style=\"display:inherit;clear:left;\">well as Snam Rete Gas S.p.A., Snam FSRU Italia S.r<span class=\"_ _1\"></span>.l. </span><span style=\"display:inherit;clear:left;\">and Snam S.p.A. (T<span class=\"_ _1\"></span>AR Lazio - Rome, G.R. 14940/2022)</span><span style=\"display:inherit;clear:left;\">The Municipality of Piombino - in an appeal filed on 24 </span><span style=\"display:inherit;clear:left;\">November 2022 to 36 respondents and other interested </span><span style=\"display:inherit;clear:left;\">parties, including Snam Rete Gas, Snam FSRU Italia and Snam, </span><span style=\"display:inherit;clear:left;\">and filed on 2 December 2022 - requested the annulment,<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">subject to precautionary suspension, of the commissioner's<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">order no. 140 of 25 October 2022 concerning the issue of the </span><span style=\"display:inherit;clear:left;\">Single Authorisation for the construction of the work known </span><span style=\"display:inherit;clear:left;\">as FSRU Piombino, of the connected infrastructures and of the </span><span style=\"display:inherit;clear:left;\">relative connection to the national gas pipeline network.</span><span style=\"display:inherit;clear:left;\">The Region of Tuscan<span class=\"_ _c\"></span>y and the Extraordinar<span class=\"_ _0\"></span>y Commissioner </span><span style=\"display:inherit;clear:left;\">of the Government, the Ministr<span class=\"_ _0\"></span>y of the Environment and </span><span style=\"display:inherit;clear:left;\">Energy Security (MASE), the Ministr<span class=\"_ _0\"></span>y of the Interior<span class=\"_ _c\"></span>, the </span><span style=\"display:inherit;clear:left;\">Ministry of Infrastructure and Transport (MIT), the Ministry of<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">Enterprise and Made in Italy (MiMIT) and the Prime Minister\u2019s<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">Office, as well as Snam Rete Gas, Snam FSRU Italia and </span><span style=\"display:inherit;clear:left;\">Snam, have entered an appearance. The trade union Unione </span><span style=\"display:inherit;clear:left;\">Sindacale di Base and the associations Greenpeace Italia and </span><span style=\"display:inherit;clear:left;\">WWF Italia also inter<span class=\"_ _0\"></span>vened ad audiuvandum.</span><span style=\"display:inherit;clear:left;\">On 21 December 2022, the Regional Administrative Court of </span><span style=\"display:inherit;clear:left;\">Rome rejected the interim application for relief filed by the </span><span style=\"display:inherit;clear:left;\">Municipality of Piombino and set the hearing on the merits </span><span style=\"display:inherit;clear:left;\">for 08 March 2023. In the course of the aforementioned </span><span style=\"display:inherit;clear:left;\">hearing: (i) on 04 January 2023, the Municipality filed 1 appeal<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">on additional grounds, challenging the Commissioner's Order </span><span style=\"display:inherit;clear:left;\">no. 167 of 09 December 2022, setting forth an extension of </span><span style=\"display:inherit;clear:left;\">100 days for the submission of the supplementary project for<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">the relocation of the FSRU to an offshore site and the related </span><span style=\"display:inherit;clear:left;\">divestment of the FSRU from the port of Piombino; (ii) on 14 </span><span style=\"display:inherit;clear:left;\">February 2023, the Municipality filed 2 additional grounds of<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">appeal, contesting the legality of the IEA procedure.<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">At the hearing on 08 March 2023, the T<span class=\"_ _1\"></span>AR postponed the </span><span style=\"display:inherit;clear:left;\">hearing because: (i) the notification of the 2nd appeal for </span><span style=\"display:inherit;clear:left;\">additional grounds was not made in compliance with the </span><span style=\"display:inherit;clear:left;\">minimum time limits for the defence and (ii) the Municipality </span><span style=\"display:inherit;clear:left;\">announced the appeal of the future EIA order<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">On 14 April 2023, the Municipality filed the third appeal </span><span style=\"display:inherit;clear:left;\">on additional grounds, requesting the annulment of </span><span style=\"display:inherit;clear:left;\">order no. 18 of 17 March 2023 by which the Extraordinar<span class=\"_ _0\"></span>y </span><span style=\"display:inherit;clear:left;\">Commissioner for the Piombino regasification plant granted </span><span style=\"display:inherit;clear:left;\">a further extension of 120 days for the submission of the </span><span style=\"display:inherit;clear:left;\">project relating to the offshore phase, and of the further </span><span style=\"display:inherit;clear:left;\">documents relating to the project. </span><span style=\"display:inherit;clear:left;\">On 26 May 2023, the Municipality filed the fourth appeal on </span><span style=\"display:inherit;clear:left;\">additional grounds, seeking annulment: (i) of the minutes </span><span style=\"display:inherit;clear:left;\">of the meeting of 27 April 2023 on the granting of the EIA </span><span style=\"display:inherit;clear:left;\">to Snam FSRU Italia; (ii) as well as the MASE decree no. 145 </span><span style=\"display:inherit;clear:left;\">of 03 May 2023 concerning the EIA and all the documents </span><span style=\"display:inherit;clear:left;\">annexed thereto and the order of the District Maritime </span><span style=\"display:inherit;clear:left;\">Office of Piombino no. 67 of 03 May 2023 concerning the </span><span style=\"display:inherit;clear:left;\">\"approval of the regulation of the activities of the FSRU </span><span style=\"display:inherit;clear:left;\">Piombino terminal\" and its annex.</span><span style=\"display:inherit;clear:left;\">In view of the hearing set for 05 July 2023, the parties filed documents, briefs and rejoinders respectively. At the hearing, the </span><span style=\"display:inherit;clear:left;\">Municipality announced the filing of the fifth appeal on additional grounds and the Regional Administrative Court of Lazio </span><span style=\"display:inherit;clear:left;\">therefore adjourned the case until 20 December 2023. </span><span style=\"display:inherit;clear:left;\">In its fifth appeal on additional grounds, filed on 26 July 2023, the Municipality sought the annulment of the final opinion </span><span style=\"display:inherit;clear:left;\">of the CTR (Regional Technical Committee<span class=\"_ _1\"></span>) by which the final safety report was adopted. On 25 September 2023, the<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">Municipality of Piombino filed the 6th appeal for additional grounds for the annulment of Order no. 57 of 27 July 2023 and </span><span style=\"display:inherit;clear:left;\">the annexes thereto, concerning the amendment of the commissioner's order no. 140/2022 for the design optimisation </span><span style=\"display:inherit;clear:left;\">concerning the plant related to the Wobbe Index. In view of the hearing set for 20 December 2023, the parties filed </span><span style=\"display:inherit;clear:left;\">documents, briefs and rejoinders. At the outcome of that hearing, with ruling no. 1279, published on 23 January 2024, the<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">Regional Administrative Court rejected the appeal brought by the Municipality of Piombino and all the additional grounds </span><span style=\"display:inherit;clear:left;\">and declared the intervention of the USB trade union inadmissible. Finally, it ordered both the Municipality and all inter<span class=\"_ _0\"></span>vening </span><span style=\"display:inherit;clear:left;\">parties WWF<span class=\"_ _c\"></span>, Greenpeace and USB to pay the costs.</span><span style=\"display:inherit;clear:left;position:relative;height:212.19140625px;\"><span class=\"pp-font-color-override-3\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0039062px; width: 477.855px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 16.5px; font-family: ff64; -webkit-text-stroke: 0.2475px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">29) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 13.9746px; font-size: 16.5px; font-family: ff64; -webkit-text-stroke: 0.2475px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">OPERA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 16.5px; font-family: ff64; -webkit-text-stroke: 0.2475px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TING REVENUES </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 16.5px; font-family: ff64; -webkit-text-stroke: 0.2475px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AND INCOME                             </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 5.90625px; top: 57.0078px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 5.90625px; top: 83.8887px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Revenues </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 531.289px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,496</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,244</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 5.90625px; top: 110.201px; width: 719.186px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other operating income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 472.635px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">44</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 5.90625px; top: 136.514px; width: 718.91px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL OPERA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TING REVENUES AND INCOME</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.227px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,515</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,288</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 199.07px; width: 686.473px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 13.5px; font-family: ff7b; -webkit-text-stroke: 0.2025px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">The group's revenues and other operating income are mainly generated in Italy</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 13.5px; font-family: ff7b; -webkit-text-stroke: 0.2025px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. An analysis of revenue by business </span></span></span><span style=\"display:inherit;clear:left;\">segment is provided in Note 36 'Information by business segment'.</span><span style=\"display:inherit;clear:left;\">Revenues to related parties are illustrated in Note 37 'T<span class=\"_ _c\"></span>ransactions with related parties'.</span><span style=\"display:inherit;clear:left;\">40</span><span style=\"display:inherit;clear:left;\">Revenues include energy cost fees</span><span style=\"display:inherit;clear:left;\">, which amount to \u20ac413 million (\u20ac198 million in 2022). Net of these fees, which are </span><span style=\"display:inherit;clear:left;\">offset by costs, revenues and other operating income amount to \u20ac3,875 million.</span><span style=\"display:inherit;clear:left;\">29.1 Revenues<span class=\"ws1\"> </span></span><span style=\"display:inherit;clear:left;position:relative;height:196.396484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.717px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Natural Gas T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransportation segment </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 386.115px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,208</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,480</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Natural Gas Storage segment </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 434.374px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">516</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">553</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Liquefied natural gas (LNG) regasification segment</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 327.387px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">42</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">77</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.77px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransition segment</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 451.301px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">693</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,092</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 515.145px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">42</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 716.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other revenues not allocated t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 373.799px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 718.723px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL REVENUES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 486.169px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,496</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,244</span></span></span><span style=\"display:inherit;clear:left;\">40 <span class=\"_ _94\"> </span>On the basis of what is established by the regulatory framework in force for the fifth regulator<span class=\"_ _0\"></span>y period, starting from 1 January 2020, the energy costs </span><span style=\"display:inherit;clear:left;\">relating to the costs for the purchase of fuel gas, previously subject to contribution in kind by the shippers and the charges for the purchase of CO</span><span style=\"display:inherit;clear:left;\">2</span><span style=\"display:inherit;clear:left;\">emission rights, are covered in revenues through the variable fee applied to users. Energy costs are recorded on the basis of the prices in the tariff </span><span style=\"display:inherit;clear:left;\">proposal and the related revenues to cover these costs are recognized consistently with the cost recording methods. The regulatory recognition criteria </span><span style=\"display:inherit;clear:left;\">for energy costs guarantee substantial neutrality at both an economic and financial level.</span><span style=\"display:inherit;clear:left;\">2<span class=\"_ _c\"></span>9.<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>1 <span class=\"_\"> </span>Natural gas transportation segment revenues</span><span style=\"display:inherit;clear:left;\">Revenues are mainly related to service fees for natural gas transportation activities and mainly concern Eni S<span class=\"_ _0\"></span>.p.<span class=\"_ _0\"></span>A. (\u20ac1,192 </span><span style=\"display:inherit;clear:left;\">million; 1,087 million in 2022) and Enel T<span class=\"_ _c\"></span>rade S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. (\u20ac719 million; \u20ac528 million in 2022). </span><span style=\"display:inherit;clear:left;\">Group revenues are shown net of tariff components, mainly referring to the transportation sector<span class=\"_ _1\"></span>, which are in addition to </span><span style=\"display:inherit;clear:left;\">the tariff and intended to cover general gas system charges (\u20ac4,048 million, \u20ac2,651 million in 2022), the amounts of which </span><span style=\"display:inherit;clear:left;\">are paid by Snam to Cassa per i Servizi Energetici e Ambientali (CSE<span class=\"_ _0\"></span>A). The main components are related to:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the CRVST fee (totalling \u20ac1,658 million in 2023; \u20ac1,006 million 2022), introduced by resolution no. 782/2017/R/GAS<span class=\"_ _0\"></span>, to </span><span style=\"display:inherit;clear:left;\">cover the charges arising from the new 'settlement gas' rules, to be applied to the quantities of gas redelivered to the </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>ransportation Ser<span class=\"_ _0\"></span>vice User at the redelivery points feeding the distribution networks;</span><span style=\"display:inherit;clear:left;\">OS</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the variable CRV</span><span style=\"display:inherit;clear:left;\"> fee, introduced in 2011 by the Authority's Resolution ARG/gas No. 29/11, to cover the charges arising </span><span style=\"display:inherit;clear:left;\">from the application of the revenue guarantee factor for the storage service and the charges incurred by Gestore Ser<span class=\"_ _0\"></span>vizi </span><span style=\"display:inherit;clear:left;\">Energetici (GSE) for the provision of the measures referred to in Articles 9 and 10 of Legislative Decree 130/10 (for a </span><span style=\"display:inherit;clear:left;\">total amount of \u20ac1,258 million in 2023; \u20ac962 million in 2022). </span><span style=\"display:inherit;clear:left;\">During 2023, Snam provided transport services for 351 users. </span><span style=\"display:inherit;clear:left;\">2<span class=\"_ _c\"></span>9.<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>2  Revenues from the natural gas storage segment</span><span style=\"display:inherit;clear:left;\">Revenues are mainly related to service fees for modulation storage activities (\u20ac428 million); \u20ac385 million in 2022) and </span><span style=\"display:inherit;clear:left;\">strategic storage (\u20ac73 million; \u20ac80 million in 2022). </span><span style=\"display:inherit;clear:left;\">During 2023, Snam provided natural gas storage services for 67 operators. </span><span style=\"display:inherit;clear:left;\">2<span class=\"_ _c\"></span>9.<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>3 <span class=\"_\"> </span>Liquefied natural gas (LNG) regasification</span><span style=\"display:inherit;clear:left;\">Revenues mainly refer to fees for the regasification service and the increase is mainly attributable to the recognition of </span><span style=\"display:inherit;clear:left;\">revenues related to higher regasified volumes in 2023 and revenues related to the start of operations at the Piombino </span><span style=\"display:inherit;clear:left;\">regasification plant. </span><span style=\"display:inherit;clear:left;\">2<span class=\"_ _c\"></span>9.<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>4 <span class=\"_\"> </span>Energy T<span class=\"_ _1\"></span>ransition segment revenues</span><span style=\"display:inherit;clear:left;\">Revenues related to the Energy T<span class=\"_ _c\"></span>ransition segment include: (i) revenues related to energy efficiency projects (\u20ac 935 </span><span style=\"display:inherit;clear:left;\">million); \u20ac578 million in 2022), mainly relating to redevelopment and recovery activities of residential building stock (Deep </span><span style=\"display:inherit;clear:left;\">Renovation) and the provision of services (energy service) developed mainly through the management of orders/contracts </span><span style=\"display:inherit;clear:left;\">signed with private entities;; (ii) fees for the construction and operation of biogas and biomethane plants (\u20ac157 million); </span><span style=\"display:inherit;clear:left;\">\u20ac115 million in 2022). </span><span style=\"display:inherit;clear:left;\">29.1.5 <span class=\"_ _10\"> </span>Other segments</span><span style=\"display:inherit;clear:left;\">Revenues include the sale of automotive - CNG compressors (\u20ac14 million).</span><span style=\"display:inherit;clear:left;\">29.2 <span class=\"_ _3f0\"> </span>Other operating income</span><span style=\"display:inherit;clear:left;\">Other operating income of \u20ac44 million mainly related to the transport sector (\u20ac20 million).</span><span style=\"display:inherit;clear:left;\">30) <span class=\"_ _35\"> </span>OPERA<span class=\"_ _1\"></span>TING COSTS <span class=\"_ _1\"></span>AND EXPENSES </span><span style=\"display:inherit;clear:left;position:relative;height:143.771484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Costs for purchase of raw mat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">erials, consumables and finished goods</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 222.486px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">655</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.137</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.934px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Costs for services</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 501.57px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">246</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">287</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ersonnel costs</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 511.312px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">237</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">248</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 719.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other operating costs and expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 400.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">159</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">219</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL OPERA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TING COSTS AND EXPENSES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 350.549px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,297</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,891</span></span></span><span style=\"display:inherit;clear:left;\">The reasons for the most significant changes are explained in the Interim Management Report in the \u2018Comment on </span><span style=\"display:inherit;clear:left;\">Financial Results\u2019.</span><span style=\"display:inherit;clear:left;\">The group's operating costs and expenses are mainly incurred in Italy<span class=\"_ _c\"></span>.</span><span style=\"display:inherit;clear:left;\">Operating costs and expenses incurred with related parties are disclosed in Note 37 'T<span class=\"_ _c\"></span>ransactions with related parties'.</span><span style=\"display:inherit;clear:left;\">30.1 <span class=\"_ _3f0\"> </span>Costs for purchase of raw materials, consumables and finished goods </span><span style=\"display:inherit;clear:left;position:relative;height:143.771484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.605px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Costs for purchase of raw mat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">erials, consumables and finished goods</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 212.666px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,909</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,450</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in invent</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ories of raw materials, c</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">onsumables and finished goods</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.316px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3,198)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(256)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal costs incurred during the year</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 404.906px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">711</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,194</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Share of capitalised costs for internal w</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ork</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 364.008px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(56)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(57)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OSTS FOR PUR</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">CHASE OF R</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AW MA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TERIAL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">S, CONSUMABLES AND FINISHED GOODS </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">655</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,137</span></span></span><span style=\"display:inherit;clear:left;\">The item Costs for the purchase of raw materials, consumables and finished goods is mainly attributable to the energy </span><span style=\"display:inherit;clear:left;\">efficiency business (\u20ac662 million), for the purchase of materials forenergy efficiency measures in the residential, tertiar<span class=\"_ _0\"></span>y </span><span style=\"display:inherit;clear:left;\">and public administration sectors, and to the transport sector (\u20ac389 million), for the purchase of natural gas.</span><span style=\"display:inherit;clear:left;\">30.2 <span class=\"_ _3f0\"> </span>Costs for services </span><span style=\"display:inherit;clear:left;position:relative;height:433.240234375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 719.027px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Construction, design and construction management </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 318.779px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">81</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">267</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 719.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IT Services</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 546.54px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">94</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">109</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 719.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">echnical, legal, administrative and professional services</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 297.891px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">81</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">73</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Routine maintenance services</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 441.082px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">37</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">51</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 719.268px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Supply of electricity, heat, water</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">, etc. </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 400.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">57</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">36</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ersonnel-related services</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 459.81px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">22</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">30</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 719.033px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Environmental services</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 477.581px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">22</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">25</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 718.652px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">elecommunication services</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 450.544px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 237.42px; width: 719.027px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Insurance</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 551.002px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 263.732px; width: 718.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Materials processing at third parties</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 414.082px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.045px; width: 718.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Advertising</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 547.83px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 316.373px; width: 718.799px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Use of the provision for decommissioning and sit</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e restoration</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 267.803px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 342.686px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other services</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 524.846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">55</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 368.998px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal costs incurred during the year</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 404.906px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">445</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">688</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 395.311px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Share of capitalised costs for internal w</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ork</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.317px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(199)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(401)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 421.623px; width: 719.186px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OSTS FOR SER</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">VICES </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 434.374px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">246</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">287</span></span></span><span style=\"display:inherit;clear:left;\">30.3 <span class=\"_ _3f0\"> </span>Personnel costs</span><span style=\"display:inherit;clear:left;position:relative;height:170.083984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Wages and salaries</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 493.545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">208</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">216</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 719.004px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Social charges (social securityand welfare)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 375.262px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">57</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">60</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 517.331px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">37</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">30</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal personnel costs incurred during the year</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 340.611px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">302</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">306</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Share of capitalised costs</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 458.062px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(65)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(58)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL PERSONNEL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OSTS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 448.207px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">237</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">248</span></span></span><span style=\"display:inherit;clear:left;\">Other expenses (\u20ac30 million) mainly include charges for defined contribution plans (\u20ac15 million<span class=\"_ _c\"></span>), chiefly related to accrued </span><span style=\"display:inherit;clear:left;\">Employee Severance Indemnity (TFR), to be paid to pension funds, i.e. INPS. </span><span style=\"display:inherit;clear:left;\">Liabilities for employee benefits are illustrated in Note 20 \u201cLiabilities for employee benefits\u201d.</span><span style=\"display:inherit;clear:left;\">30.3.1 <span class=\"_ _10\"> </span>A<span class=\"_ _c\"></span>verage number of employees</span><span style=\"display:inherit;clear:left;\">The average number of tenured employees of entities included in the scope of consolidation, broken down by professional </span><span style=\"display:inherit;clear:left;\">qualification, is shown in the table below: </span><span style=\"display:inherit;clear:left;position:relative;height:143.771484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.104px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Professional st</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">atus</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 479.355px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 719.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Executives </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 535.545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">145</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">139</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Middle Managers</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 502.721px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">639</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">675</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Office work</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ers</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 506.689px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,925</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,037</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Manual work</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ers</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 510.623px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">841</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">875</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.658px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">VER</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AGE NUMBER OF EMPL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">O</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">YEES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 389.239px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,550</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,726</span></span></span><span style=\"display:inherit;clear:left;\">The average number of employees is calculated as the average determined on the basis of the monthly results of </span><span style=\"display:inherit;clear:left;\">employees per category. </span><span style=\"display:inherit;clear:left;\">The number of employees in service at 31 December 2023 was 3,798 (3,610 employees at 31 December 2022), an increase </span><span style=\"display:inherit;clear:left;\">of 188 resources (+5.21%) compared to 31 December 2022. The increase is mainly due to the strengthening of the energy </span><span style=\"display:inherit;clear:left;\">transition business and the inclusion of new resources in the gas infrastructure business, with particular reference to the </span><span style=\"display:inherit;clear:left;\"><span><span style=\"display:inherit;clear:left;\">natural gas transportation sector<span class=\"_ _1\"></span>, for new project initiatives.</span></span>     </span><span style=\"display:inherit;clear:left;\">30.3.2 <span class=\"_ _10\"> </span>Incentive plans with Snam shares<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">Long-term share-based incentive plan </span><span style=\"display:inherit;clear:left;\">In its meetings held on 18 June 2020 and 4 May 2023, the Snam Shareholders' Meeting approved the 2020-2022 and 2023-</span><span style=\"display:inherit;clear:left;\">2025 Long-<span class=\"_ _c\"></span>T<span class=\"_ _1\"></span>erm Stock Incentive Plans, granting the Board of Directors, and on its behalf the Chief E<span class=\"_ _0\"></span>xecutive Officer<span class=\"_ _1\"></span>, with </span><span style=\"display:inherit;clear:left;\">specific authority to sub-delegate, all powers necessary to implement the Plans.</span><span style=\"display:inherit;clear:left;\">The Plans are for managerial positions at Snam and its Subsidiaries, and namely the Chief Executive Officer of Snam and </span><span style=\"display:inherit;clear:left;\">persons holding positions with the greatest impact on the achievement of business results in the medium-/long-term or </span><span style=\"display:inherit;clear:left;\">with strategic importance for the achievement of Snam\u2019s long-term objectives, as well as any other positions identified in </span><span style=\"display:inherit;clear:left;\">relation to performance achieved, skills possessed or with a view to retention. The maximum number of beneficiaries, per </span><span style=\"display:inherit;clear:left;\">three-year cycle, is 100.</span><span style=\"display:inherit;clear:left;\">The Plans provide for three allocations of ordinary shares each in the years 2020-2021-2022 and 2023-2024-2025, </span><span style=\"display:inherit;clear:left;\">respectively. Each allocation is subject to a three-year vesting period, and respectively 2023-2024-2025 and 2026-2027-</span><span style=\"display:inherit;clear:left;\">2028, at the end of which shares are actually assigned, as illustrated in the scheme below.   </span><span style=\"display:inherit;clear:left;position:relative;height:193.46484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 37.2812px; top: 0.0078125px; width: 669.996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Allocation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Performanc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e Period</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Vesting P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eriod</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assignment of Shares</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Actions Assigned (*)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 53.0469px; top: 26.9043px; width: 627.732px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2020</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2020 - 2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.865px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.467px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.787px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,277,996 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 53.0469px; top: 53.2168px; width: 627.732px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2021 - 2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.865px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.467px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.787px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,245,854 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 53.0469px; top: 79.5293px; width: 627.732px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022 - 2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.865px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.467px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.787px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,032,626 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 53.0469px; top: 105.842px; width: 624.961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023 - 2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.865px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2026</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.467px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2026</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.787px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,272,141</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 53.0469px; top: 132.17px; width: 464.889px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2024 - 2026</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.865px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2027</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.467px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2027</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 53.0469px; top: 158.482px; width: 464.889px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2025 - 2027</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.865px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2028</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.467px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2028</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.473px; width: 423.363px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)  </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.5969px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">The number of shares refers to the target value (performance = 100) of rights allocated for each year</span></span></span><span style=\"display:inherit;clear:left;\">The Board of Directors has determined that a maximum of 3,500,000 Shares will be used for each three-year cycle of </span><span style=\"display:inherit;clear:left;\">the Plans. </span><span style=\"display:inherit;clear:left;\">The 2023-2025 Plan envisages the free assignment of a variable number of shares, depending on the individual attribution </span><span style=\"display:inherit;clear:left;\">and the degree to which the Plan performance conditions are achieved. The actual vesting of the allocated Shares </span><span style=\"display:inherit;clear:left;\">is subject to the achievement of specific Performance Conditions that are verified for all beneficiaries at the end of </span><span style=\"display:inherit;clear:left;\">each three-year period of implementation following a timely process of verifying the results actually achieved by the </span><span style=\"display:inherit;clear:left;\">Appointments and Remuneration Committee, in support of the resolutions taken in this regard by the Board of Directors.</span><span style=\"display:inherit;clear:left;\">The Plan's performance conditions are link<span class=\"_ _c\"></span>ed to the following parameters: </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>Adjusted net profit cumulated in the three-year period corresponding to the Performance Period, with a weight of 40%; </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>Value Added generated in the three-year period corresponding to the performance period, with a weight of 20%; </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>Energy Transition Readiness metric, with an overall weight of 20%, based on the following parameters: </span><span style=\"display:inherit;clear:left;\">1) <span class=\"_ _84\"> </span>km of 'H2 ready' network (weight 10%);</span><span style=\"display:inherit;clear:left;\">2) <span class=\"_ _84\"> </span>MW installed related to biomethane (weight 5%); </span><span style=\"display:inherit;clear:left;\">3) <span class=\"_ _84\"> </span>CSS - H2 projects and market design (weight 5%); </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>ESG metric, with a weight of 20%, measured through the results achieved with respect to 2 indicators identified on a </span><span style=\"display:inherit;clear:left;\">three-year basis, aiming at:</span><span style=\"display:inherit;clear:left;\">4) <span class=\"_ _84\"> </span>reducing natural gas emissions over the next three years (weight 10%); </span><span style=\"display:inherit;clear:left;\">5) <span class=\"_ _84\"> </span>guaranteeing a fair representation of the less present gender in Snam<span class=\"_ _c\"></span>\u2019s management team (weight of 10%) in terms </span><span style=\"display:inherit;clear:left;\">of the % of the less represented gender of executives and middle managers out of all Group executives and midle </span><span style=\"display:inherit;clear:left;\">managers.</span><span style=\"display:inherit;clear:left;\">It is also envisaged that an additional number of shares will be assigned - defined as \u201cdividend equivalents\u201d - according </span><span style=\"display:inherit;clear:left;\">to the shares effectively assigned at the end of the vesting period. The number of additional shares to be allocated </span><span style=\"display:inherit;clear:left;\">is determined by dividing the sum of the dividends distributed in the vesting period by the average price of the share </span><span style=\"display:inherit;clear:left;\">recorded in the month prior to the assignment. For the Chief Executive Officer and the other Plan Beneficiaries, it </span><span style=\"display:inherit;clear:left;\">is envisaged that 20% of the shares assigned, gross of those required to fulfil tax requirements, shall be subject to a </span><span style=\"display:inherit;clear:left;\">lockup period. </span><span style=\"display:inherit;clear:left;\">For further information, see the \u201cInformation Document on the 2023-2025 Long-<span class=\"_ _c\"></span>T<span class=\"_ _1\"></span>erm Share- Based Incentive Plan\u201d </span><span style=\"display:inherit;clear:left;\">prepared pursuant to Article 84-bis of the Regulation on Issuers, available on Snam\u2019s website.</span><span style=\"display:inherit;clear:left;\">In line with the substantial nature of remuneration, in accordance with the provisions of international accounting </span><span style=\"display:inherit;clear:left;\">standards, the cost of the plans is determined by referring to the fair value of the instruments assigned and the forecast </span><span style=\"display:inherit;clear:left;\">of the number of shares to be granted at the end of the vesting period; the cost is recognised pro-rata temporis over </span><span style=\"display:inherit;clear:left;\">the vesting period. </span><span style=\"display:inherit;clear:left;\">The costs pertaining to the 2023 financial year<span class=\"_ _1\"></span>, equal to the product of the number of shares expected to accrue upon </span><span style=\"display:inherit;clear:left;\">maturity, measured at the grant date, were recognised as a cost component against a corresponding equity reserve, </span><span style=\"display:inherit;clear:left;\"><span><span style=\"display:inherit;clear:left;\">and amount to \u20ac5 million (\u20ac6 million in 2022).</span></span><span class=\"ls1\"> </span></span><span style=\"display:inherit;clear:left;\">30.3.3 <span class=\"_ _10\"> </span>Remuneration of key management personnel</span><span style=\"display:inherit;clear:left;\">Remuneration due to persons with the power and responsibility for the planning, management and control of the </span><span style=\"display:inherit;clear:left;\">41</span><span style=\"display:inherit;clear:left;\">company, i.e. ex<span class=\"_ _c\"></span>ecutive and non-executive directors, general managers and executives with strategic responsibilities</span><span style=\"display:inherit;clear:left;\">  (so-</span><span style=\"display:inherit;clear:left;\">called \"key management personnel\") in office during the year amounted (including contributions and accessory charges) to </span><span style=\"display:inherit;clear:left;\">\u20ac6 million (\u20ac13 million in 2022) and was composed as follows: </span><span style=\"display:inherit;clear:left;position:relative;height:117.458984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.834px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Wages and salaries</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Share-based payments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 480.716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 716.156px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ermination of employment benefits</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 410.438px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.904px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL REMUNERA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TION TO KEY MANAGEMENT PERSONNEL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 266.361px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span></span></span><span style=\"display:inherit;clear:left;\">Information on the compensation paid to directors and statutory auditors, general managers and Key Managers, and the </span><span style=\"display:inherit;clear:left;\">equity investments held by each of these, can be found in the Remuneration Report, which is prepared in accordance with </span><span style=\"display:inherit;clear:left;\">Article 123- ter of Legislative Decree no. 58/1998 (TUF). The Remuneration Report is available on the Snam website (ww<span class=\"_ _0\"></span>w.</span><span style=\"display:inherit;clear:left;\"><span><span style=\"display:inherit;clear:left;\">snam.it) in the Governance section, to which reference is made.</span></span> </span><span style=\"display:inherit;clear:left;\">30.3.4 <span class=\"_ _10\"> </span>Remuneration of Directors and Statutory <span class=\"_ _c\"></span>Auditors<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">The remuneration of directors amounted to \u20ac4 million and \u20ac10 million in the 2023 and 2022 financial years, respectively. </span><span style=\"display:inherit;clear:left;\">The remuneration of auditors amounted to \u20ac0.2 million (as in 2022). This remuneration includes fees and any other sum of </span><span style=\"display:inherit;clear:left;\">remuneration, social security and welfare payments due for serving as a director or statutor<span class=\"_ _0\"></span>y auditor in Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. and in </span><span style=\"display:inherit;clear:left;\">other companies included in the scope of consolidation that constituted a cost for Snam, even if not subject to personal </span><span style=\"display:inherit;clear:left;\">income tax.</span><span style=\"display:inherit;clear:left;\">30.4 <span class=\"_ _3f0\"> </span>Other operating costs and expenses </span><span style=\"display:inherit;clear:left;position:relative;height:222.724609375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 16.3008px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">CO</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 20.3281px; top: 26.8887px; width: 698.227px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> emission rights</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 497.67px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">58</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">59</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 16.4844px; top: 34.4336px; width: 3.94336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.996px; font-family: ff77; -webkit-text-stroke: 0.10494px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2168px; width: 719.238px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Allocations (Uses) to</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">/of the provision for bad debt</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.227px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">49</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5293px; width: 718.682px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Software licences, short</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-term leasing costs and leasing of lo</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">w-value assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 201.058px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">26</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">45</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 719.203px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Net allocations/(Uses) to</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">/of provisions for risks and charges</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 280.6px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 719.016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Indirect taxes and duties</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 469.762px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">16</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Losses on the disposal of property, plant and equipment and intangible assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 180.053px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">28</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.795px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 517.331px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 719.068px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL O</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">THER OPER</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TING COSTS AND EXPENSES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 318.164px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">159</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">219</span></span></span><span style=\"display:inherit;clear:left;\">For more details on changes in provisions for risks and charges and receivables, see Note 18 'Provisions for risks and </span><span style=\"display:inherit;clear:left;\">charges' and Note 15 'T<span class=\"_ _1\"></span>rade and other receivables'.</span><span style=\"display:inherit;clear:left;\">41 <span class=\"_ _94\"> </span>This includes persons who have the power and responsibility, directly and indirectly, for planning, managing and controlling Snam<span class=\"_ _c\"></span>'s activities. Snam's key </span><span style=\"display:inherit;clear:left;\">management personnel, other than Directors and Statutory Auditors, have been identified as follows:  Chief Operations Officer, Chief Financial Officer </span><span style=\"display:inherit;clear:left;\">and Chief People &amp; Organisation Officer<span class=\"_ _1\"></span>.    </span><span style=\"display:inherit;clear:left;\">30.4.1 <span class=\"_ _10\"> </span>Greenhouse gas emission permit system - Emission T<span class=\"_ _1\"></span>rading System</span><span style=\"display:inherit;clear:left;\">On 1 January 2021, the fourth regulator<span class=\"_ _0\"></span>y period (2021-2030) of the Emission Trading S<span class=\"_ _c\"></span>ystem (ETS) began, the greenhouse </span><span style=\"display:inherit;clear:left;\">gas emission permit system, regulated by Legislative Decree no. 47 of 9 June 2020, which repealed Legislative Decree no. </span><span style=\"display:inherit;clear:left;\">30 of 13 March 2013 and transposes Directive 2018/410/EU<span class=\"_ _c\"></span>.</span><span style=\"display:inherit;clear:left;\">There are 24 Snam Group plants subject to Emission T<span class=\"_ _c\"></span>rading regulations, of which 13 compressor stations of Snam Rete </span><span style=\"display:inherit;clear:left;\">Gas, 8 storage plants of Stogit, the regasifier of GNL Italia, the cogeneration plant of TEP and from 2023 also the regasifier </span><span style=\"display:inherit;clear:left;\">of FSRU Italia in Piombino. </span><span style=\"display:inherit;clear:left;\">In 2023, the free allocation for the Snam Group amounted to 182,290 allowances, an increase of 17.9 % compared to </span><span style=\"display:inherit;clear:left;\">2022, due to the new rules introduced by the aforementioned legislation for the fourth ETS period. </span><span style=\"display:inherit;clear:left;\">In the 2023 financial year<span class=\"_ _1\"></span>, carbon dioxide emissions from Snam Group installations subject to the ETS exceeded the </span><span style=\"display:inherit;clear:left;\">allocated emission allowances. For around 0.92 million tonnes of carbon dioxide emitted into the atmosphere, there was </span><span style=\"display:inherit;clear:left;\">therefore a deficit of some 0.73 million tonnes. The deficit was offset by the shares purchased by the various companies, </span><span style=\"display:inherit;clear:left;\">with a cost of approximately \u20ac58.87 million recognised under 'Other operating costs and expenses<span class=\"_ _c\"></span>'. No costs are foreseen </span><span style=\"display:inherit;clear:left;\">for TEP as the purchase of CO</span><span style=\"display:inherit;clear:left;\"> quotas is borne by the company to which the plant supplies the energy, net of the quotas </span><span style=\"display:inherit;clear:left;\">2</span><span style=\"display:inherit;clear:left;\">of Renovit TEP for feeding the extra energy directly into the grid. </span><span style=\"display:inherit;clear:left;\">Despite the fact that the new regasification plant in Piombino came into operation, total CO</span><span style=\"display:inherit;clear:left;\"> emissions for the year 2023 </span><span style=\"display:inherit;clear:left;\">2</span><span style=\"display:inherit;clear:left;\">were slightly lower than the previous year (-1.3%), mainly because the amount of gas stored decreased and because the </span><span style=\"display:inherit;clear:left;\">consumption of TEP's cogeneration plant was reduced.</span><span style=\"display:inherit;clear:left;\">However<span class=\"_ _1\"></span>, the costs for the purchase of CO</span><span style=\"display:inherit;clear:left;\"> allowances increased compared to the previous year (+2.5%) due to the </span><span style=\"display:inherit;clear:left;\">2</span><span style=\"display:inherit;clear:left;\">increase in average purchase prices.</span><span style=\"display:inherit;clear:left;\">The current regulatory framework defined by ARER<span class=\"_ _0\"></span>A with reference to the natural gas transportation, regasification and </span><span style=\"display:inherit;clear:left;\">storage sector provides for the recognition of costs related to the Emission T<span class=\"_ _c\"></span>rading System, guaranteeing substantial </span><span style=\"display:inherit;clear:left;\">neutrality at both the economic and financial level for Snam. For further details, please refer to the section \"Risk and </span><span style=\"display:inherit;clear:left;\">Uncertainty F<span class=\"_ _c\"></span>actors - Climate Change\" in the Consolidated Non-Financial Statement.</span><span style=\"display:inherit;clear:left;\">31) <span class=\"_ _35\"> </span>DEPRECIA<span class=\"_ _1\"></span>TION, <span class=\"_ _1\"></span>AMORTISA<span class=\"_ _1\"></span>TION <span class=\"_ _1\"></span>AND IMP<span class=\"_ _1\"></span>AIRMENT LOSSES   </span><span style=\"display:inherit;clear:left;position:relative;height:170.083984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation of property, plant and equipment</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 341.66px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">747</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">786</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 719.145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amortisation of intangible assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 416.351px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">120</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">139</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.664px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal depreciation and amortisation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 401.67px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">867</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">925</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.986px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impairment losses on property, plant and equipment and intangible assets</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 217.014px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">201</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.811px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal impairment losses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.551px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">201</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL DEPRE</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">CIATION, AMORTISA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TION AND IMP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AIRMENT LOSSES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 227.191px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">890</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.126</span></span></span><span style=\"display:inherit;clear:left;\">For more details on depreciation, amortisation and impairment losses, please refer to the analyses in Notes 8 'Property, </span><span style=\"display:inherit;clear:left;\">Plant and Equipment' and 9 'Intangible Assets and Goodwill'.</span><span style=\"display:inherit;clear:left;\">An analysis of depreciation, amortisation and impairment losses by business segment is provided in Note 36 'Information </span><span style=\"display:inherit;clear:left;\">by business segment'.</span><span style=\"display:inherit;clear:left;\">32) <span class=\"_ _35\"> </span>NET FINANCIAL EXPENSES </span><span style=\"display:inherit;clear:left;position:relative;height:419.51171875px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.594px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Interest income and other financial inc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ome on short</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-term financial assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 200.578px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(30)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 719.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Interest income on long-t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">erm financial receivables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 324.334px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.7267px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(5)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.682px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Other financial income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 465.57px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(25)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(58)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL FINANCIAL INC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OME </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 441.082px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(37)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.2793px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(93)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.723px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Interest expense and other financial expenses on bonds</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 287.672px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">148</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">120</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Commissions paid on loans and bank credit lines</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 336.252px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 719.227px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Interest expense on credit lines and loans from banks and other lenders</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.113px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">152</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 718.893px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Expenses related to gross financial debt</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 381.248px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">175</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">295</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 237.42px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Financial expenses related to the passage of time (accretion disc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ount)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 218.56px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 263.732px; width: 719.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other financial expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 468.825px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.045px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal financial expenses incurred during the year</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 333.65px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">202</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">335</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 316.373px; width: 718.834px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Share of capitalised financial expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 380.209px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(25)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(21)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 342.686px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL FINANCIAL EXPENSES </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 430.957px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">177</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">314</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 368.998px; width: 718.928px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL NET FINANCIAL EXPENSES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 408.248px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">140</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">221</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 399.27px; width: 710.021px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.61134px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">This item relates to the increase in provisions for risks and charges and emplo</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yee benefit liabilities, which are shown, at a discounted value, in Note 18 \"Pro</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">visions for risks </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 16.4844px; top: 410.52px; width: 227.865px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and charges\" and Note 20 \"Employee benefit liabilities\".</span></span></span><span style=\"display:inherit;clear:left;\">Interest income on long-term financial receivables (\u20ac5 million) relates to the OL<span class=\"_ _11\"></span>T Shareholder Loan.</span><span style=\"display:inherit;clear:left;\">Other financial income (\u20ac58 million) mainly refers to: (i) default interest billed to end customers and distribution users in </span><span style=\"display:inherit;clear:left;\">relation to unpaid invoices for the default service provided by Snam Rete Gas (\u20ac38 million); (ii) income from the effect of </span><span style=\"display:inherit;clear:left;\">the passage of time of Ecobonus credits (\u20ac13 million); (iii) the effects of the restatement of future cash flows related to </span><span style=\"display:inherit;clear:left;\">the partial repayment of the Shareholders Loan by OL<span class=\"_ _11\"></span>T (\u20ac3 million).</span><span style=\"display:inherit;clear:left;\">The expenses related to gross financial debt (\u20ac295 million) mainly concern: (i) interest expense and other charges on </span><span style=\"display:inherit;clear:left;\">bonds (\u20ac120 million) related to interest on bonds (ii) interest expense to banks related to revolving credit facilities and </span><span style=\"display:inherit;clear:left;\">term loans totalling \u20ac152 million; (iii) the year's portion of up-front fees (\u20ac13 million) and (iv) non-utilisation fees for </span><span style=\"display:inherit;clear:left;\">revolving credit facilities (\u20ac9 million).</span><span style=\"display:inherit;clear:left;\">Other financial expenses (\u20ac21 million) mainly refer to the accrual to the bad debt provision for default interest related to </span><span style=\"display:inherit;clear:left;\">the default service of Snam Rete Gas (\u20ac12 million).</span><span style=\"display:inherit;clear:left;\">The financial expenses associated with the passage of time mainly relate to the decommissioning and site restoration </span><span style=\"display:inherit;clear:left;\">provisions of the storage and transport sectors.</span><span style=\"display:inherit;clear:left;\">Capitalised financial expenses refer to the portion of financial expenses capitalised in investing activities.</span><span style=\"display:inherit;clear:left;\">33) <span class=\"_ _35\"> </span>NET INCOME FROM EQUITY INVESTMENTS   </span><span style=\"display:inherit;clear:left;position:relative;height:196.396484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 719.021px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Share of profit from investments acc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ounted for using the equity method</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 203.613px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">296</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">458</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Losses from inv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">estments accounted for using the equity method</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 239.402px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(152)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(48)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Share of profit or loss of investments acc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ounted for using the equity method</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 170.531px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">144</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">410</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other income from equity inv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">estments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 392.351px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">79</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">82</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.846px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other expenses from equity investments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 366.662px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(361)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.764px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other income (expenses) from equity inv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">estments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 309.387px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(282)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">74</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 718.875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL NET INC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OME FROM E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">QUITY INVESTMENTS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 310.465px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(138)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">484</span></span></span><span style=\"display:inherit;clear:left;\">An analysis of the share of profit or loss of investments accounted for using the equity method is given in Note 10 </span><span style=\"display:inherit;clear:left;\">'Investments accounted for using the equity method'.</span><span style=\"display:inherit;clear:left;\">Other income from investments mainly relates to the capital gain arising from the sale of shares in Industrie De Nora S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. </span><span style=\"display:inherit;clear:left;\">(\u20ac76 million), a transaction after which Snam holds 21.59% of the company's share capital (25.79% before the sale<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">Other expenses from equity investments mainly relate to the change in fair value of contractually agreed earn-outs.</span><span style=\"display:inherit;clear:left;\">34) <span class=\"_ _35\"> </span>INCOME T<span class=\"_ _1\"></span>AXES  </span><span style=\"display:inherit;clear:left;\">34.1 <span class=\"_ _3f0\"> </span>Income taxes recognised in the income statement</span><span style=\"display:inherit;clear:left;position:relative;height:250.427734375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 382.266px; top: 0.0078125px; width: 248.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 193.629px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 417.531px; top: 26.3203px; width: 33.0762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IRAP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">, </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 638.688px; top: 26.3203px; width: 33.0762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IRAP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">, </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 33.4141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 333.141px; top: 33.0859px; width: 31.8867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IRES, </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 553.5px; top: 33.0859px; width: 31.8867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IRES, </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 399.438px; top: 39.8203px; width: 50.332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">regional </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 620.953px; top: 39.8203px; width: 50.332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">regional </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 294.812px; top: 46.5859px; width: 70.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">corpor</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ation </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 468.797px; top: 46.5859px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 516.453px; top: 46.5859px; width: 70.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">corpor</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ation </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 690.875px; top: 46.5859px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 415.641px; top: 53.3203px; width: 34.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">trade </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 636.516px; top: 53.3203px; width: 34.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">trade </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 343.75px; top: 60.0859px; width: 17.8945px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tax</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 564.594px; top: 60.0859px; width: 17.8945px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tax</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 384.797px; top: 66.8203px; width: 62.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ax</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 606.672px; top: 66.8203px; width: 62.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ax</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.7168px; width: 719.273px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current tax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es for the year</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 201.058px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">344</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">63</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">407</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">378</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">70</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">448</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 120.029px; width: 275.174px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Adjustments for current tax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es relating to previous </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 354.938px; top: 126.795px; width: 363.65px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(12)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.5585px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.5195px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(14)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 133.529px; width: 28.9219px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">years</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.857px; width: 718.893px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provisions (uses) for current tax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 170.531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 186.186px; width: 718.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal current taxes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 238.916px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">353</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">63</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">416</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">372</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">68</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">440</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 212.498px; width: 718.922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal deferred taxes </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 227.736px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(37)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.5585px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.5195px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(38)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(50)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.5585px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(51)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.811px; width: 718.834px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL INC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OME T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">XES </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 213.082px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">316</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">62</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">378</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">322</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">67</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">389</span></span></span><span style=\"display:inherit;clear:left;\">Income taxes (\u20ac389 million) increased by \u20ac11 million compared to 31 December 2022, mainly due to pre-tax profit. </span><span style=\"display:inherit;clear:left;\">The analysis of the reconciliation between the theoretical tax charge, determined by applying the IRES, corporation tax </span><span style=\"display:inherit;clear:left;\">and IR<span class=\"_ _0\"></span>AP<span class=\"_ _1\"></span>, regional trade income tax rates in force in Italy, and the actual tax charge for the year is shown below: </span><span style=\"display:inherit;clear:left;position:relative;height:512.896484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 500.688px; top: 0.0078125px; width: 167.555px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 13.1641px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 459.219px; top: 26.3203px; width: 262.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ax rate</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.0039px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> Value </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.8828px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ax rate</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.0039px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> Value </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 721.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Pre-tax profit</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 470.595px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,050 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.4784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.5196px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">   1,534 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 413.326px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accrued IRES, corporation tax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es, calculated on the basis of the theoretical </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 471.062px; top: 86.2793px; width: 249.844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">24.0%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">252 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24.0%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">      368 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0137px; width: 43.6816px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tax rate</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.342px; width: 716.15px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ariations from the theoretical rate:</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 455.321px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.654px; width: 718.904px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Income from equity inv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">estments </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 286.945px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1.4%)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(15)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(5.2%)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(80)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 171.982px; width: 718.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Dividend tax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 404.906px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.5%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">16</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2.0%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">30</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.295px; width: 718.629px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Provision (use) for current tax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 299.637px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.8%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.6991px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.5%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 224.607px; width: 718.922px; white-space: pre; word-spacing: 0px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Other permanent differences</span><span style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: 0px; width: 323.567px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">5.2%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">55</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(0.2%)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 250.92px; width: 721.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IRES, CORPORA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TION TAXES FOR THE YEAR </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 228.744px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">29.3%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">316 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21.0%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">      322 </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 500.688px; top: 302.992px; width: 167.555px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 316.148px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 459.219px; top: 329.305px; width: 262.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ax rate</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.0039px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> Value </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.8828px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ax rate</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.0039px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> Value </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 356.186px; width: 721.67px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Difference between value and cost of production</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 277.652px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,351</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.5585px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.5196px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">   1,346 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 382.498px; width: 358.518px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accrued IRAP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">, regional trade income tax, calculated on the basis </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 478.844px; top: 389.264px; width: 242.965px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3.9%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">53</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.9%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.0039px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">        52 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 395.998px; width: 144.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of the theoretical tax rate</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 422.326px; width: 716.15px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ariations from the theoretical rate:</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 455.321px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 448.654px; width: 718.834px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Delta regional IRAP rates</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 343.148px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.2%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.6991px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.3%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 474.967px; width: 718.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other permanent differences</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 319.482px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.4%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.6991px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.8%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 501.279px; width: 721.389px; white-space: pre; word-spacing: 0px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IRAP FOR THE YEAR</span><span style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: 0px; width: 370.236px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">4.5%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">62</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5.0%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.5058px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">        67 </span></span></span></span><span style=\"display:inherit;clear:left;\">An analysis of deferred tax assets and liabilities based on the nature of the significant temporary differences that gave rise </span><span style=\"display:inherit;clear:left;\">to them is provided in Note 19 'Deferred T<span class=\"_ _c\"></span>ax Liabilities/<span class=\"_ _c\"></span>Assets'.</span><span style=\"display:inherit;clear:left;\">34.2 <span class=\"_ _3f0\"> </span>T<span class=\"_ _1\"></span>axes relating to components of comprehensive income </span><span style=\"display:inherit;clear:left;position:relative;height:263.943359375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 407.484px; top: 0.0078125px; width: 231.369px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 176.83px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 19.9141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 333.141px; top: 26.3203px; width: 45.375px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Pre-tax </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 406.281px; top: 26.3203px; width: 35.4844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Fiscal </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 472.844px; top: 26.3203px; width: 45.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Net tax </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 536.578px; top: 26.3203px; width: 45.375px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Pre-tax </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 610.844px; top: 26.3203px; width: 35.4844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Fiscal </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 676.938px; top: 26.3203px; width: 45.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Net tax </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 343.75px; top: 39.8203px; width: 31.1074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">value</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 399.438px; top: 39.8203px; width: 39.0293px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">impact</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 484.359px; top: 39.8203px; width: 31.1074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">value</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 547.797px; top: 39.8203px; width: 31.1074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">value</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 603.391px; top: 39.8203px; width: 39.0293px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">impact</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 687.922px; top: 39.8203px; width: 31.1074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">value</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.7012px; width: 266.643px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Revaluation of defined benefit plan liabilities for </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 368.562px; top: 73.4668px; width: 351.064px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.0312px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 80.2012px; width: 59.1973px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">employees</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 106.529px; width: 290.461px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Investments acc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ounted for using the equity method - </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 354.938px; top: 113.295px; width: 364.652px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">130</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.871px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">130</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(50)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.0312px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(50)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 120.029px; width: 289.863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">share of other components of comprehensiv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e income</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 146.357px; width: 291.838px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity inv</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">estments accounted for at FVTOCI (\u201cfair value </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 353.641px; top: 153.123px; width: 365.648px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(44)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.086px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(44)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.0312px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.857px; width: 204.832px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">through other comprehensive inc</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ome\u201d)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 186.186px; width: 718.746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cash flow hedge \u2013 effective portion of fair value change</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.5196px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 212.514px; width: 718.98px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other components of comprehensive income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 114.656px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">113</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.621px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">108</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(45)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(48)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.826px; width: 314.625px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">CURRENT AND DEFERRED INCOME T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AXES RECOGNISED </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 424px; top: 245.576px; width: 218.848px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 134.871px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2696px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 252.326px; width: 206.607px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IN OTHER C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OMPREHENSIVE INCOME</span></span></span><span style=\"display:inherit;clear:left;\">34.3 <span class=\"_ _3f0\"> </span>Global minimum tax</span><span style=\"display:inherit;clear:left;\">As a result of the work done in connection with the year 2022, based on currently available information, an estimated </span><span style=\"display:inherit;clear:left;\">supplementary tax is expected to be insignificant<span class=\"_ _0\"></span>.</span><span style=\"display:inherit;clear:left;\">For further details, see Note 5.15 'Income taxes'.</span><span style=\"display:inherit;clear:left;\">35) <span class=\"_ _35\"> </span>EARNINGS PER SHARE</span><span style=\"display:inherit;clear:left;\">Basic earnings per share of \u20ac0.346 per share (\u20ac0.201 per share in 2022) are calculated by dividing the profit for the year </span><span style=\"display:inherit;clear:left;\">attributable to Snam shareholders (\u20ac1,135 million; \u20ac671 million in 2022) for the weighted average number of Snam </span><span style=\"display:inherit;clear:left;\">shares outstanding during the year<span class=\"_ _1\"></span>, excluding treasur<span class=\"_ _0\"></span>y shares (3,353,119,570 shares; 3,336,596,674 shares for the </span><span style=\"display:inherit;clear:left;\">financial year 2022). </span><span style=\"display:inherit;clear:left;\">Diluted earnings per share are calculated by dividing the profit for the period attributable to Snam shareholders, net </span><span style=\"display:inherit;clear:left;\">of the tax effect, by the weighted average number of shares outstanding in the period, excluding treasury shares, and </span><span style=\"display:inherit;clear:left;\">those potentially deriving from long-term share incentive plans (2021, 2022 and 2023 assignments). </span><span style=\"display:inherit;clear:left;\">The weighted average number of outstanding shares used to determine diluted earnings per share is 3,355,142,129 and </span><span style=\"display:inherit;clear:left;\">3,339,548,370 shares for the years 2023 and 2022, respectively. </span><span style=\"display:inherit;clear:left;\">35.1 <span class=\"_ _3f0\"> </span>Reconciliation of basic and diluted earnings per share</span><span style=\"display:inherit;clear:left;\">The reconciliation of the weighted average number of shares outstanding used to determine basic earnings per share and </span><span style=\"display:inherit;clear:left;\">that used to determine diluted earnings per share is shown below: </span><span style=\"display:inherit;clear:left;position:relative;height:170.083984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 590.031px; top: 0.0078125px; width: 129.322px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 719.016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Weighted average number of shares outstanding for basic earnings per share</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 123.252px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,336,596,674</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.2637px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,353,119,570</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 721.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Number of potential shares for long-term incentiv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e plans</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 254.391px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,951,696 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,022,559 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.904px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Weighted average number of shares outstanding for diluted earnings per share</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 112.23px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,339,548,370</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.2637px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,355,142,129</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Profit for the year attributable to Snam shareholders (\u20ac million)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 251.924px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">671</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,135</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">BASIC EARNINGS PER SHARE (AMOUNTS IN EURO PER SHARE)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 238.916px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.201</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.338</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.682px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">DILUTED EARNINGS PER SHARE (AMOUNTS IN EURO PER SHARE)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 223.295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.201</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.338</span></span></span><span style=\"display:inherit;clear:left;\">36) <span class=\"_ _35\"> </span>INFORMA<span class=\"_ _1\"></span>TION BY<span class=\"_ _c\"></span> BUSINESS SEGMENT </span><span style=\"display:inherit;clear:left;\">In accordance with IFRS 8 'Operating Segments', the segments identified by the Group at 31 December 2023 are as<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">follows: </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ff74 ws1\">T<span class=\"_ _c\"></span>ransportation segment<span class=\"ff7b\">, attributable to the legal entities that carry out<span class=\"_ _0\"></span>, at Group level, natural gas transportation </span></span></span><span style=\"display:inherit;clear:left;\">and dispatching activities in Italy (Snam Rete Gas, ITG and Enura<span class=\"_ _c\"></span>);</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ff74 ws1\">Storage segment<span class=\"ff7b\">, attributable to the legal entity that provides the natural gas storage service in Italy (Stogit);</span></span></span><span style=\"display:inherit;clear:left;\">42</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ff74 ws1\">Regasification segment</span></span><span style=\"display:inherit;clear:left;\">, attributable to the legal entity providing the liquefied natural gas regasification service </span><span style=\"display:inherit;clear:left;\">(LNG Italy) and the legal entities owning floating regasification plants - FSRUs (Snam FSRU Italia, FSRU I Limited; </span><span style=\"display:inherit;clear:left;\">Ravenna LNG T<span class=\"_ _1\"></span>erminal);</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ff74 ws1\">Energy T<span class=\"_ _c\"></span>ransition segment<span class=\"ff7b\"> to which the companies active in the energy efficiency business traceable to the legal </span></span></span><span style=\"display:inherit;clear:left;\">entities of the Renovit group and in the biogas/biomethane business traceable to the legal entities of the Bioenerys </span><span style=\"display:inherit;clear:left;\">group belong, as well as the activities in the start<span class=\"_ _c\"></span>-up phase in the hydrogen sector<span class=\"_ _1\"></span>. The Energy Transition sector<span class=\"_ _1\"></span>, due </span><span style=\"display:inherit;clear:left;\">to exceeding the materiality thresholds of IFRS 8, which was also confirmed during the Plan period, constitutes an </span><span style=\"display:inherit;clear:left;\">operating segment subject to separate reporting as of 2022.</span><span style=\"display:inherit;clear:left;\">The 'Other segments', not subject to separate reporting, mainly include the sustainable mobility business, an activity<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">that is being repositioned within the Gas Infrastructures business insofar as it is no longer focused solely on the </span><span style=\"display:inherit;clear:left;\">automotive sector<span class=\"_ _1\"></span>, but is oriented towards the construction of mid-stream infrastructures dedicated to heav<span class=\"_ _0\"></span>y transport, </span><span style=\"display:inherit;clear:left;\">shipping and railways. </span><span style=\"display:inherit;clear:left;\">The other unallocated amounts mainly refer to head office activities of Snam corporate and captive insurance company </span><span style=\"display:inherit;clear:left;\">activities.</span><span style=\"display:inherit;clear:left;\">In order to assess the performance of the operating segments, Snam's Management mainly analyses adjusted EBITDA<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">(net of any non-recurring costs or revenues arising from events or transactions that are not representative of normal </span><span style=\"display:inherit;clear:left;\">business activity) and adjusted EBIT<span class=\"_ _1\"></span>, for which a reconciliation with the related reported values is provided.</span><span style=\"display:inherit;clear:left;\">In addition to the above measures, the Management Board periodically analyses the revenues and investments for each </span><span style=\"display:inherit;clear:left;\">business.</span><span style=\"display:inherit;clear:left;\">In order to allow for a better reconciliation with data represented for management purposes, the representation of </span><span style=\"display:inherit;clear:left;\">revenues has been changed, differentiating 'Regulated revenues', regarding services subject to regulation by the </span><span style=\"display:inherit;clear:left;\">Authority ARER<span class=\"_ _0\"></span>A, from 'Other revenues' and 'Other income<span class=\"_ _c\"></span>' not subject to such regulation, instead of the distinction </span><span style=\"display:inherit;clear:left;\">made between 'Revenues from ordinary operations' and 'Other revenues and income'.<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">42 <span class=\"_ _94\"> </span>Sector subject to separate reporting as a business subject to specific regulation, even if the materiality thresholds of IFRS 8 are not exceeded.</span><span style=\"display:inherit;clear:left;position:relative;height:1023.458984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 291.469px; top: 0.0078125px; width: 116.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Reporting segments</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 620.891px; top: 26.3359px; width: 47.9824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rec</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">onci-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 552.156px; top: 39.8359px; width: 52.7695px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amounts </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 617.891px; top: 39.8359px; width: 55.1543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liation of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.6797px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 219.734px; top: 53.3203px; width: 49.9043px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ranspor</span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">-</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 364.984px; top: 53.3359px; width: 42.1465px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regasi-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 436.391px; top: 53.3359px; width: 40.1074px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 583.422px; top: 53.3359px; width: 21.8438px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">not </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 620.891px; top: 53.3359px; width: 52.7051px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">adjusted </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 293.328px; top: 60.0859px; width: 48.3164px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Storage </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 508.172px; top: 60.1016px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 238.859px; top: 66.8203px; width: 34.3945px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tation </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 362.469px; top: 66.8359px; width: 47.1973px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">fication </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 420.406px; top: 66.8359px; width: 56.127px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransition</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 550.375px; top: 66.8359px; width: 53.7012px; white-space: pre; word-spacing: 0.264px; letter-spacing: -0.264px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">allocat</span><span style=\"word-spacing: 0.264px; letter-spacing: -0.264px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ed</span><span style=\"word-spacing: 0.264px; letter-spacing: -0.264px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 633.375px; top: 66.8359px; width: 39.8086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">values </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 690.266px; top: 66.8359px; width: 27.6797px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0.36px; letter-spacing: -0.36px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 286.859px; top: 73.5859px; width: 53.7539px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Segment </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 486.781px; top: 73.6016px; width: 55.2363px; white-space: pre; word-spacing: 0.036px; letter-spacing: -0.036px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">segments</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 222.594px; top: 80.3203px; width: 49.957px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Segment</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 354.984px; top: 80.3359px; width: 53.7539px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Segment </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 425.688px; top: 80.3359px; width: 47.5137px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Segment</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 590.031px; top: 80.3359px; width: 14.9414px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">to</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 644.359px; top: 80.3359px; width: 28.1543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">with </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 550.375px; top: 93.8359px; width: 50.3438px; white-space: pre; word-spacing: 0.648px; letter-spacing: -0.648px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">segments</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 619.531px; top: 93.8359px; width: 54.1348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">reported </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 633.375px; top: 107.336px; width: 36.9258px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">values</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 133.373px; width: 125.139px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FINANCIAL YEAR 2022</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 157.998px; width: 718.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regulated revenues </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.795px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,162</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">515</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">42</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 282.621px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,719</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 182.623px; width: 719.045px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other non-regulated revenues</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 97.7227px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">94</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 115.336px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">693</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.9142px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">831</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 207.248px; width: 718.635px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">to deduct: intersector revenues </span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 90.9259px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(48)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 185.414px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 159.105px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(54)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 231.873px; width: 718.98px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal revenues from third parties</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,208</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">516</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">42</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">693</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,496</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 256.498px; width: 719.139px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other operating income</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 130.975px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 120.574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">28</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 281.107px; width: 192.041px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">to deduct: other intersector operating </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 256.703px; top: 287.873px; width: 463.266px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 366.662px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(9)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 294.607px; width: 36.3867px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 319.232px; width: 183.217px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: -0.48px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal revenues and other operating</span><span style=\"word-spacing: 0px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 240.391px; top: 325.998px; width: 479.379px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,218</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">516</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">46</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">695</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.6991px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,515</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 332.732px; width: 130.348px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income from third parties</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 357.357px; width: 718.992px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">EBITDA</span><span style=\"word-spacing: 0.24px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 199.078px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.80078px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,795</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">425</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">29</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(19)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(17)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(19)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,218</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 381.982px; width: 142.312px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation, amortization </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 241.719px; top: 388.748px; width: 476.777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(703)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(120)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(11)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(28)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(17)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.2578px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(890)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 395.482px; width: 116.965px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and impairment losses</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 420.107px; width: 719.039px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">EBIT</span><span style=\"word-spacing: 0.24px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 215.613px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.80078px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,092</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">305</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">18</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(21)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(26)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(36)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,328</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 444.732px; width: 182.209px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Investments in Property, plant and </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 240.391px; top: 451.498px; width: 478.652px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,007</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">172</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">55</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">98</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,355</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 458.232px; width: 169.395px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">equipment and intangible assets</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 482.857px; width: 186.305px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">to deduct: Investments in Property, </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 496.357px; width: 190.529px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">plant and equipment and intangible </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 459.219px; top: 496.357px; width: 258.68px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 229.922px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 509.857px; width: 98.6777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">assets - infrasector</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 534.482px; width: 203.186px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal investments in Property, plant </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 240.391px; top: 541.232px; width: 478.74px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,007</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">172</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">55</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">94</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,351</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 547.982px; width: 204.498px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and equipment and intangible assets</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 572.607px; width: 120.58px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FINANCIAL YEAR 2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 597.232px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regulated revenues </span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 133.119px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,474</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">553</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">77</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 282.621px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,104</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 621.857px; width: 718.986px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other non-regulated revenues</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 90.9259px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">231</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 105.727px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,092</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">42</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.902px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,367</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 646.482px; width: 718.939px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">to deduct: intersector revenues </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 76.377px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(225)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 352.535px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(227)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 671.107px; width: 719.256px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal revenues from third parties</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.4531px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,480</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">553</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">77</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,092</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">42</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,244</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 695.732px; width: 719.139px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other operating income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.082px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 120.574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">55</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 720.357px; width: 201.398px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">to deduct: other intersector operating </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 256.703px; top: 727.107px; width: 462.961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(8)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 359.59px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(11)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 733.857px; width: 37.8281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 758.482px; width: 199.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal revenues and other operating </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 240.391px; top: 765.232px; width: 478.805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,499</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">556</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">78</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,105</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">42</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,288</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 771.982px; width: 142.348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income from third parties</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 796.592px; width: 718.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">EBITDA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.508px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,873</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">477</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">35</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">60</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(24)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(20)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,397</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 821.217px; width: 148.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation, amortization </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 241.719px; top: 827.982px; width: 475.846px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(726)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(125)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(28)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(51)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(186)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 13.9746px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(1,126)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 834.717px; width: 122.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and impairment losses</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 859.342px; width: 670.16px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which: Write-do</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">wns</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.15px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.022px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(7)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 167.42px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(186)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 883.967px; width: 718.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">EBIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 214.647px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,147</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">352</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(33)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(206)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,271</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 908.592px; width: 183.375px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Investments in Property, plant and </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 240.391px; top: 915.357px; width: 478.289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,139</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">225</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">256</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">131</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,778</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 922.092px; width: 169.852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">equipment and intangible assets</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 946.717px; width: 186.305px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">to deduct: Investments in Property, </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 960.217px; width: 190.529px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">plant and equipment and intangible </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 460.438px; top: 960.217px; width: 258.68px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 229.922px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 973.717px; width: 98.6777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">assets - infrasector</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 998.342px; width: 203.186px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal investments in Property, plant </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 240.391px; top: 1005.09px; width: 479.355px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,139</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">225</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">256</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">127</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,774</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 1011.84px; width: 204.498px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and equipment and intangible assets</span></span></span><span style=\"display:inherit;clear:left;\">37) <span class=\"_ _35\"> </span>TRANSACTIONS WITH RELA<span class=\"_ _1\"></span>TED P<span class=\"_ _11\"></span>ARTIES </span><span style=\"display:inherit;clear:left;\">From 1 August 2019, CDP S.p.A<span class=\"_ _0\"></span>. reclassified its equity investment in Snam, already classified as de facto control </span><span style=\"display:inherit;clear:left;\">pursuant to international accounting standard IFRS 10 \u2013 Consolidated financial statements from 2014, as de facto </span><span style=\"display:inherit;clear:left;\">control pursuant to Article 2359, paragraph 1 of the Italian Civil Code and Article 93 of the TUF<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">Given the existence of de facto control by CDP S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. over Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>, the related parties of Snam, based on the current </span><span style=\"display:inherit;clear:left;\">group ownership structure, are represented not only by Snam's subsidiaries, associates and companies under joint </span><span style=\"display:inherit;clear:left;\">control, but also by the parent company CDP S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. and its subsidiaries, including joint ventures, and associates, as well </span><span style=\"display:inherit;clear:left;\">as by the subsidiaries, including joint ventures, and associates of the Ministry of the Economy and Finance (MEF) and, in </span><span style=\"display:inherit;clear:left;\">any case, any additional related parties within the meaning of IAS 24 in effect from time to time. In addition, members </span><span style=\"display:inherit;clear:left;\">of the Board of Directors, Statutory Auditors and executives with strategic responsibilities, their family members and </span><span style=\"display:inherit;clear:left;\">entities controlled by them, including jointly by Snam, CDP and CDP Reti, are also considered related parties.</span><span style=\"display:inherit;clear:left;\">As explained in detail below, transactions with related parties mainly concern the exchange of goods and the provision<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">of infrastructure services in the gas sector, whose rules are established by the Regulatory Authority for Electricity, </span><span style=\"display:inherit;clear:left;\">Gas and the Water S<span class=\"_ _c\"></span>ystem (ARER<span class=\"_ _0\"></span>A).  In particular<span class=\"_ _c\"></span>, ARERA sets the rates for the use of infrastructures and, through the </span><span style=\"display:inherit;clear:left;\">Network Code, guarantees maximum impartiality and equal access to Users. </span><span style=\"display:inherit;clear:left;\">Snam\u2019s related party transactions are part of ordinary business operations and are generally settled at market </span><span style=\"display:inherit;clear:left;\">conditions, i.e. the conditions which would be applied for two independent parties. All the transactions carried out were </span><span style=\"display:inherit;clear:left;\">in the interest of the companies of the Snam Group.</span><span style=\"display:inherit;clear:left;\">Pursuant to the provisions of the relevant legislation, the company has adopted internal guidelines to ensure that </span><span style=\"display:inherit;clear:left;\">transactions carried out by Snam or its subsidiaries with related parties are transparent and correct in their substance </span><span style=\"display:inherit;clear:left;\">and procedure.  </span><span style=\"display:inherit;clear:left;\">Directors and statutory auditors declare potential interests that they have in relation to the Company and the Group </span><span style=\"display:inherit;clear:left;\">every six months, and/or when changes in said interests occur; they also inform the Chief Executive Officer (or the Chair<span class=\"_ _c\"></span>, </span><span style=\"display:inherit;clear:left;\">in the case of the Chief Executive Officer interests), who in turn informs the other directors and the Board of Statutory </span><span style=\"display:inherit;clear:left;\">Auditors, of individual transactions that the Company intends to carry out and in which they have an interest.</span><span style=\"display:inherit;clear:left;\">Snam is not subject to management and coordination activities. Snam carries out management and coordination </span><span style=\"display:inherit;clear:left;\">activities, pursuant to Article 2497 and following of the Italian Civil Code, with respect to directly and indirectly </span><span style=\"display:inherit;clear:left;\">controlled companies. </span><span style=\"display:inherit;clear:left;\">Pursuant to the disclosure requirements set forth in Consob Regulation no. 17221 of 12 March 2010, with reference </span><span style=\"display:inherit;clear:left;\">to transactions between related parties that fall within the \"Cases of Exclusion<span class=\"_ _c\"></span>\" referred to in Article 13, paragraph </span><span style=\"display:inherit;clear:left;\">3, letter c) of the RPT Regulation and paragraph 3.2, item 8) of the RPT Guideline, no information on related party </span><span style=\"display:inherit;clear:left;\">transactions is reported.</span><span style=\"display:inherit;clear:left;\">The following table shows the balances of transactions of a commercial and other financial nature with related </span><span style=\"display:inherit;clear:left;\">parties, as defined above, for the current year and the previous year of comparison. The nature of the most significant </span><span style=\"display:inherit;clear:left;\">transactions is also indicated.</span><span style=\"display:inherit;clear:left;\">37.1 <span class=\"_ _3f0\"> </span>Commercial and other relations </span><span style=\"display:inherit;clear:left;\">Commercial and other relations are analysed in the table below: </span><span style=\"display:inherit;clear:left;position:relative;height:980.58984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 253.25px; top: 0.0078125px; width: 327.486px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 239.783px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.3203px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 448.422px; top: 26.3516px; width: 225.229px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rev</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">enues (a</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.865px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Costs (b)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 245.703px; top: 32.7422px; width: 34.2363px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 357.938px; top: 32.7578px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 171.844px; top: 39.4922px; width: 58.418px; white-space: pre; word-spacing: 0.84px; letter-spacing: -0.84px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rec</span><span style=\"word-spacing: 0.84px; letter-spacing: -0.84px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eivables</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 286.859px; top: 39.5078px; width: 46.1367px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Pa</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yables</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 244.25px; top: 46.2422px; width: 32.8359px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">assets</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 344.359px; top: 46.2578px; width: 46.8984px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 413.578px; top: 52.6641px; width: 305.355px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Goods</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.6973px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Ser</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vices</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 15.2051px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 21.9023px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span></span><span style=\"display: inline-block;\">Goods</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.6973px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Ser</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vices</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 15.6973px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">Other</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5449px; width: 167.654px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Snam Gas &amp; Energy Ser</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vicies  </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 223.797px; top: 86.3105px; width: 451.447px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 269.074px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 153.738px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0449px; width: 53.6426px; white-space: pre; word-spacing: 5.736px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 8.51367px; display: inline-block;\"> </span>(Beijing)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.373px; width: 335.461px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Snam Middle East BV</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.879px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.686px; width: 160.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal subsidiaries accounted </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 223.797px; top: 152.451px; width: 451.699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 166.57px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 154.131px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.186px; width: 155.812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for using the equity method</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 185.514px; width: 122.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">DESFA - Hellenic Gas </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 199.014px; width: 164.062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.00392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Transmission Syst</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">em  </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 223.797px; top: 199.014px; width: 495.51px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 151.969px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 107.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 193.102px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 212.514px; width: 82.2363px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.49022px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Operator S.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.842px; width: 143.051px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Trans Austria Gaisletung </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 223.797px; top: 245.592px; width: 285.012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.412px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 252.342px; width: 75.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.00392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">GMBH (T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AG)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 278.67px; width: 150.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Trans Adriatic Pipeline A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">G </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 223.797px; top: 285.42px; width: 285.51px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 292.17px; width: 36.1582px; white-space: pre; word-spacing: 6px; letter-spacing: -0.768px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 8.00977px; display: inline-block;\"> </span>(</span><span style=\"word-spacing: 6px; letter-spacing: -0.768px; display: inline-block; margin-left: 0px; width: 0.884767px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TA</span><span style=\"word-spacing: 6px; letter-spacing: -0.768px; display: inline-block; margin-left: 0px; width: 0.884767px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">P</span><span style=\"word-spacing: 6px; letter-spacing: -0.768px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 318.498px; width: 719.238px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 180.053px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.412px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 195.978px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 344.811px; width: 128.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal companies under </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 358.311px; width: 157.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">joint control and associated </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 217.062px; top: 358.311px; width: 502.307px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.051px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 195.539px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 371.811px; width: 59.4492px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">companies</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 398.123px; width: 719.584px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Snam Foundation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.539px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 482.43px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 424.436px; width: 332.291px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Cassa Depositi e Prestiti</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 173.285px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">116</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 450.764px; width: 332.824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal parent company</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 191.291px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">116</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 477.076px; width: 555.539px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 180.053px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 216.24px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 503.389px; width: 114.328px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal subsidiaries of </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 223.797px; top: 510.139px; width: 332.332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 217.014px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 516.889px; width: 138.398px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">the parent company CDP</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 543.217px; width: 672.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Saipem Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 236.145px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">30</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 326.695px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">42</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 569.529px; width: 613.189px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 281.772px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 273.803px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 595.842px; width: 128.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal companies under </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 609.342px; width: 148.371px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">joint control of the parent </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 320.094px; top: 609.342px; width: 353.947px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 273.803px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">42</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 622.842px; width: 76.6699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">company CDP</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 649.17px; width: 110.977px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Gestore dei ser</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vizi </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 210.188px; top: 655.92px; width: 299.045px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">313</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 662.67px; width: 112.816px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.00392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">energetici S.p.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. (c)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 688.998px; width: 277.154px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Anas Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 154.131px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1482px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 715.311px; width: 672.656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Enel Group (d) (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">241</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">62</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 155.672px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">536</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1482px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 741.623px; width: 719.273px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Eni Group (d) (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">420</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">278</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,153</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.9591px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">158</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">71</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 767.936px; width: 672.844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Invitalia Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 233.361px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 326.695px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 794.264px; width: 508.711px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 180.053px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.412px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 820.576px; width: 118.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal state-owned or </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 210.188px; top: 827.326px; width: 509.426px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">978</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">375</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.172px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,700</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">158</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">96</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 834.076px; width: 157.072px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">state-controlled enterprises</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 860.404px; width: 105.34px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TRADE BAL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ANCES </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 210.188px; top: 867.154px; width: 509.121px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">995</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">538</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,708</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1482px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">160</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">140</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 873.904px; width: 134.285px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">WITH RELA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TED P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ARTIES</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 904.098px; width: 222.785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(a) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.0371px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Gross of tariff components that are offset in costs.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 915.348px; width: 289.295px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(b) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.0371px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">They include costs for goods and services for inv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">estment purposes.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 926.598px; width: 500.947px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(c) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.61134px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Costs for the purchase of goods do not include gas purchases made pursuant to ARERA resolution no. 274/2022/R</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">/Gas.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 937.848px; width: 159.117px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(d) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.0371px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Including balancing asset balances.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 949.098px; width: 702.275px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.61134px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Commercial relations with the Eni Group and the Enel Group mainly concern regulated services for natural gas transportation, regasification and storage. Snam provides </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 16.4844px; top: 960.348px; width: 669.082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">these services on the basis of the rules established by ARERA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">, the energy regulator</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. In particular</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">, ARERA establishes the tariffs for the use of the infrastructures and </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 16.4844px; top: 971.598px; width: 549.621px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">guarantees, also through the Reference Codes (Network, St</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">orage and Regasification), maximum impartiality and equal access to Users. </span></span></span><span style=\"display:inherit;clear:left;position:relative;height:979.90234375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 254.703px; top: 0.0078125px; width: 327.486px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 239.783px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.3203px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 447.469px; top: 26.3359px; width: 225.229px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rev</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">enues (a</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.865px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Costs (b)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 246.656px; top: 32.7422px; width: 34.2363px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 359.281px; top: 32.7578px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 172.828px; top: 39.4766px; width: 57.0996px; white-space: pre; word-spacing: 0.96px; letter-spacing: -0.96px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rec</span><span style=\"word-spacing: 0.96px; letter-spacing: -0.96px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eivables</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 286.219px; top: 39.4922px; width: 46.1367px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Pa</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yables</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 244.828px; top: 46.2422px; width: 32.8359px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">assets</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 344.938px; top: 46.2578px; width: 46.8984px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 414.609px; top: 52.6641px; width: 305.355px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Goods</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.6973px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Ser</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vices</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 15.2051px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 21.9023px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span></span><span style=\"display: inline-block;\">Goods</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.6973px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Ser</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vices</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 15.6973px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">Other</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 79.5449px; width: 675.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 622.114px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 105.857px; width: 160.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal subsidiaries accounted </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 666.734px; top: 112.607px; width: 9.61523px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.357px; width: 155.812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for using the equity method</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 145.686px; width: 719.467px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Interconnector UK</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.139px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 264.738px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 195.978px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 171.998px; width: 143.051px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Trans Austria Gaisletung </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 217.266px; top: 178.764px; width: 291.779px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.412px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 185.498px; width: 75.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.00392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">GMBH (T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AG)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 211.826px; width: 150.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Trans Adriatic Pipeline A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">G </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 217.266px; top: 218.592px; width: 291.779px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">12</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.412px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 225.326px; width: 35.748px; white-space: pre; word-spacing: 6px; letter-spacing: -0.768px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 8.00977px; display: inline-block;\"> </span>(</span><span style=\"word-spacing: 6px; letter-spacing: -0.768px; display: inline-block; margin-left: 0px; width: 0.884767px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TA</span><span style=\"word-spacing: 6px; letter-spacing: -0.768px; display: inline-block; margin-left: 0px; width: 0.884767px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">P)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 251.654px; width: 719.227px; white-space: pre; word-spacing: 1.644px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 1.644px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.92px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 4.41797px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 195.539px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 277.982px; width: 128.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal companies under </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 291.482px; width: 157.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">joint control and associated </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 217.266px; top: 291.482px; width: 502.916px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">35</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">26</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.846px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 195.539px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 304.982px; width: 59.4492px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">companies</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 331.295px; width: 719.596px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Snam Foundation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 615.803px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 357.607px; width: 332.291px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Cassa Depositi e Prestiti</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 173.285px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">119</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 383.92px; width: 332.824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal parent company</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 191.291px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">119</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 410.232px; width: 332.32px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Sace Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 257.742px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 436.561px; width: 555.539px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 180.053px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 216.24px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 462.873px; width: 135.973px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal subsidiaries of the </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 225.344px; top: 469.623px; width: 332.332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 217.014px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 476.373px; width: 116.754px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">parent company CDP</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 502.701px; width: 672.955px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Saipem Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 236.145px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">89</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 320.303px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">192</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 529.014px; width: 673.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Valvitalia Finanziaria S.p.A.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 455.741px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 555.326px; width: 128.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal companies under </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 568.826px; width: 148.371px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">joint control of the parent </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 319.5px; top: 568.826px; width: 354.041px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">89</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 273.803px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">193</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 582.326px; width: 76.6699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">company CDP</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 608.654px; width: 142.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">-  </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">HRA Group - Autostrade </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 225.344px; top: 615.404px; width: 6.77344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 622.154px; width: 112.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.00392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">per l'Italia S.p.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. (c)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 648.482px; width: 161.654px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">-  </span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Gestore dei servizi energetici</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 217.266px; top: 655.232px; width: 292.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">37</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">32</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">29</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 661.982px; width: 37.2363px; white-space: pre; word-spacing: 5.472px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 8.00977px; display: inline-block;\"> </span>S.p.A</span><span style=\"word-spacing: 5.472px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 688.311px; width: 719.537px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Anas Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 201.058px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.621px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 380.209px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 714.623px; width: 508.91px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Enel Group (d) (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">218</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 155.672px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">779</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 740.936px; width: 719.52px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Eni Group (d) (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">364</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">304</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 102.797px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.5195px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,274</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.9591px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">139</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">88</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1482px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 767.248px; width: 672.844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Invitalia Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 233.361px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 326.695px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">32</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 793.561px; width: 719.742px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 180.053px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.688px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 203.613px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 819.889px; width: 118.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal state-owned or </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 211.188px; top: 826.639px; width: 509.197px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">623</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">376</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.172px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,084</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.4727px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">139</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">120</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 833.389px; width: 157.072px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">state-controlled enterprises</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 859.717px; width: 105.34px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TRADE BAL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ANCES </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 211.188px; top: 866.467px; width: 511.916px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">659</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">619</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,105</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1482px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">144</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">314</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 873.217px; width: 134.285px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">WITH RELA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TED P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ARTIES</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 903.41px; width: 222.785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(a) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.0371px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Gross of tariff components that are offset in costs.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 914.66px; width: 289.295px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(b) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.0371px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">They include costs for goods and services for inv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">estment purposes.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 925.91px; width: 500.947px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(c) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.61134px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Costs for the purchase of goods do not include gas purchases made pursuant to ARERA resolution no. 274/2022/R</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">/Gas.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 937.16px; width: 159.117px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(d) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.0371px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Including balancing asset balances.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 948.41px; width: 702.275px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.61134px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Commercial relations with the Eni Group and the Enel Group mainly concern regulated services for natural gas transportation, regasification and storage. Snam provides </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 17.0781px; top: 959.66px; width: 665.068px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">these services on the basis of the rules established by ARERA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">, the energy regulator</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. In particular</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">, ARERA establishes the tariffs for the use of the infrastructure and </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 17.0781px; top: 970.91px; width: 549.621px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">guarantees, also through the Reference Codes (Network, St</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">orage and Regasification), maximum impartiality and equal access to Users. </span></span></span><span style=\"display:inherit;clear:left;\">37.1.1 <span class=\"_ _2\"></span>Companies under joint control and associated companies </span><span style=\"display:inherit;clear:left;\">The most significant trade relations with companies under joint control and associated companies mainly concern: (i) </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>AG and T<span class=\"_ _1\"></span>AP in relation to the sale and purchase of gas in the context of balancing activities; (ii) ser<span class=\"_ _0\"></span>vice and consulting </span><span style=\"display:inherit;clear:left;\">revenues from Interconnector Limited. </span><span style=\"display:inherit;clear:left;\">37.1.2 <span class=\"_ _2\"></span>Parent company</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>rade relations with the parent company Cassa Depositi e Prestiti relate to the interim dividend payable of \u20ac119 million, </span><span style=\"display:inherit;clear:left;\">which was resolved on 8 November 2023 by the Board of Directors and payable as of 24 January 2024, with ex-dividend </span><span style=\"display:inherit;clear:left;\">date on 22 January 2024 and record date on 23 Januar<span class=\"_ _0\"></span>y 2024. </span><span style=\"display:inherit;clear:left;\">37.1.3 <span class=\"_ _2\"></span>Companies under joint control of the parent company Cassa Depositi e Prestiti</span><span style=\"display:inherit;clear:left;\">The most significant commercial transactions with companies under the joint control of Cassa Depositi e Prestiti is the </span><span style=\"display:inherit;clear:left;\">provision by Saipem of design and works supervision ser<span class=\"_ _0\"></span>vices for the construction of natural gas transportation, storage </span><span style=\"display:inherit;clear:left;\">infrastructures and regasification new plants, governed by contracts entered into on normal market terms. </span><span style=\"display:inherit;clear:left;\">37.1.4 <span class=\"_ _2\"></span>State-owned or state-controlled enterprises </span><span style=\"display:inherit;clear:left;\">The most significant business relations with state-owned or state-controlled enterprises refer to:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the provision of natural gas transportation, regasification and storage ser<span class=\"_ _0\"></span>vices to the Eni Group and the Enel Group; </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the purchase from the Eni Group of electricity used to carr<span class=\"_ _0\"></span>y out activities;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>debts to Eni connected to the Carbon Capture Storage (CCS) development project, relating to the capture and storage </span><span style=\"display:inherit;clear:left;\">of CO</span><span style=\"display:inherit;clear:left;\">. </span><span style=\"display:inherit;clear:left;\">2</span><span style=\"display:inherit;clear:left;\">37.2 <span class=\"_ _3f0\"> </span>Financial relations </span><span style=\"display:inherit;clear:left;position:relative;height:913.958984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 427.953px; top: 0.0078125px; width: 241.441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 153.738px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.6797px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 513.141px; top: 27.4922px; width: 62.9414px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Guarantees </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 344.938px; top: 40.9922px; width: 138.48px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rec</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eivables</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 25.9863px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Payables</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 552.266px; top: 40.9922px; width: 22.4414px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 600.938px; top: 40.9922px; width: 118.225px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.834px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Income</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 501.156px; top: 54.4922px; width: 71.7363px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">commitments</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 81.373px; width: 406.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- East Mediterranean Gas Compan</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y S.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.E. (EMG)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.463px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 108.857px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- OL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.5969px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T Offshore LNG T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">oscana S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 201.058px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">102</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 299.227px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 136.326px; width: 574.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Societ\u00e0 Agricola ASSORO BIOMET</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ANO S.r</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.l.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 317.76px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 162.654px; width: 574.986px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rans Adriatic Pipeline AG (T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AP)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 364.008px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,129 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 188.967px; width: 574.863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rans Austria Gasleitung Gmbh (T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AG)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 352.535px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">89 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 215.279px; width: 285.867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal companies under joint control and associated </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 386.328px; top: 222.029px; width: 332.824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">108</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 135.264px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,230 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 130.195px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 228.779px; width: 59.4492px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">companies</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 255.107px; width: 482.947px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Arbolia S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. Societ\u00e0 Benefit</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 311.121px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 281.42px; width: 482.666px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal non-consolidated subsidiaries</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 279.317px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 307.748px; width: 575.051px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">CDP Corporate P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">artners</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 434.835px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 334.061px; width: 312.926px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal subsidiaries of the parent company Cassa Depositi </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 565.938px; top: 340.811px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">8</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 347.561px; width: 50.9531px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">e Prestiti</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 373.889px; width: 655.383px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Cassa Depositi e Prestiti Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 225.768px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">200</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 165.791px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 400.201px; width: 655.553px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal parent company</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 278.549px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">200</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 165.791px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 426.514px; width: 301.682px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">BALANCES OF FINANCIAL REL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TIONS WITH RELA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TED </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 386.328px; top: 433.279px; width: 333.199px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">109</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">201</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,238 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.2772px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 440.014px; width: 46.834px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ARTIES</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 427.953px; top: 492.086px; width: 241.441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 153.738px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 518.758px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 513.141px; top: 518.414px; width: 62.9414px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Guarantees </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 344.938px; top: 531.914px; width: 138.48px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rec</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eivables</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 25.9863px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Payables</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 552.266px; top: 531.914px; width: 22.4414px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 600.938px; top: 531.914px; width: 118.225px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.834px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Income</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 501.156px; top: 545.414px; width: 71.7363px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">commitments</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 572.295px; width: 574.986px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rans Adriatic Pipeline AG (T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AP)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 364.008px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,129 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 598.607px; width: 406.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- East Mediterranean Gas Compan</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y S.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.E. (EMG)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.463px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 624.92px; width: 719.051px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- OL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.5969px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T Offshore LNG T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">oscana S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.113px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">82</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 305.783px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 651.248px; width: 406.207px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 355.365px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 677.561px; width: 285.867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal companies under joint control and associated </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 392.641px; top: 684.311px; width: 16.4297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">90 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 542.109px; top: 684.357px; width: 179.883px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,129 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">   </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.3846px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 691.061px; width: 59.4492px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">companies</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 717.436px; width: 485.707px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 432.094px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 743.748px; width: 485.461px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal non-consolidated subsidiaries</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 279.317px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 770.061px; width: 574.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- CDP Corporate P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">artners</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 421.455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 796.373px; width: 312.926px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal subsidiaries of the parent company Cassa Depositi </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 559.516px; top: 803.139px; width: 16.4297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">12 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 809.873px; width: 50.9531px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">e Prestiti</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 836.201px; width: 655.465px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Cassa Depositi e Prestiti Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 225.768px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">503</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 159.105px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">18</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 862.514px; width: 654.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal parent company</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 278.549px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">503</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 158.256px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">18</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 888.842px; width: 301.682px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">BALANCES OF FINANCIAL REL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TIONS WITH RELA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TED </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 392.641px; top: 895.592px; width: 328.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">93 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">504 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,141 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.5918px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">18 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 902.342px; width: 46.834px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ARTIES</span></span></span><span style=\"display:inherit;clear:left;\">37.2.1 <span class=\"_ _10\"> </span>Companies under joint control and associated companies</span><span style=\"display:inherit;clear:left;\">Financial transactions with joint ventures and associates include:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the so-called 'Debt Payment Undertaking' guarantee in favour of T<span class=\"_ _1\"></span>AP<span class=\"_ _1\"></span>, i.e. a mechanism to support the repayment of </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>AP's outstanding financial debt that would be activated, unlike the first-demand guarantee, upon the occurrence of </span><span style=\"display:inherit;clear:left;\">43</span><span style=\"display:inherit;clear:left;\">specific and determined conditions linked to exceptional events of an extraordinary nature</span><span style=\"display:inherit;clear:left;\">;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the long-term financial receivable in favour of OL<span class=\"_ _1\"></span>T and the related interest income. </span><span style=\"display:inherit;clear:left;\">37.2.2 <span class=\"_ _d\"> </span>Parent company</span><span style=\"display:inherit;clear:left;\">Financial relations with Cassa Depositi e Prestiti essentially concern two loans granted by the parent company to Snam </span><span style=\"display:inherit;clear:left;\">S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.</span><span style=\"display:inherit;clear:left;\">37.3 <span class=\"_ _3f0\"> </span>Impact of transactions or positions with related parties on the financial position and </span><span style=\"display:inherit;clear:left;\">performance and cash flows</span><span style=\"display:inherit;clear:left;\">The impact of transactions or positions with related parties on the statement of financial position and income statement is </span><span style=\"display:inherit;clear:left;\">shown in the following summary table: </span><span style=\"display:inherit;clear:left;position:relative;height:236.255859375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 352.188px; top: 0.0078125px; width: 289.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 168.926px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 19.9141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 368.031px; top: 26.3359px; width: 47.9062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Related </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 597.906px; top: 26.3359px; width: 47.9062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Related </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 307.078px; top: 33.0703px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 435.266px; top: 33.0859px; width: 130.078px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impact %</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 665.75px; top: 33.1016px; width: 53.2441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impact %</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 368.031px; top: 39.8359px; width: 44.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Entities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 597.906px; top: 39.8359px; width: 44.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Entities</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.7324px; width: 172.564px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Statement of financial position</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0605px; width: 718.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other non-current financial assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 130.975px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">172</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">109</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">63.4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">161</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">93</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">57.8</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.373px; width: 718.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade and other receivables </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 152.379px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,624</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">995</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21.5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,505</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">659</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14.6</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.686px; width: 718.875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other current and non-current assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.971px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">314</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">503</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 171.998px; width: 718.652px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other current and non-current liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.992px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,370</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8534px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,924</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8534px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.311px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current and non-current financial liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.5918px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13,680</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">201</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8534px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">16,652</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">504</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8534px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.0</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 224.639px; width: 718.998px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade payables and other payables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 117.978px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8,129</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">538</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6.6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6,466</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">619</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9.6</span></span></span><span style=\"display:inherit;clear:left;\">L<span class=\"_ _11\"></span>\u2019incidenza delle operazioni con parti correlate sul conto economico \u00e8 indicata nella seguente tabella riepilogativa: </span><span style=\"display:inherit;clear:left;position:relative;height:302.396484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 369.328px; top: 0.0078125px; width: 256.729px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 202.19px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 19.9141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 368.031px; top: 26.3359px; width: 47.9062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Related </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 597.906px; top: 26.3516px; width: 47.9062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Related </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 307.078px; top: 33.0859px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 435.266px; top: 33.0859px; width: 130.078px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impact %</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 665.75px; top: 33.1016px; width: 53.2441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impact %</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 368.031px; top: 39.8359px; width: 44.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Entities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 597.906px; top: 39.8516px; width: 44.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Entities</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.748px; width: 127.236px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Profit and loss account</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0605px; width: 718.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Revenues </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 250.318px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,496</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,721</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">49.2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,244</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,129</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">50.2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.373px; width: 718.986px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other operating income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 191.742px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10.5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">44</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2.3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.686px; width: 197.443px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Costs for purchase of raw mat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">erials, </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 315.203px; top: 152.451px; width: 403.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">655</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">160</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24.4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,137</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">142</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12.5</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.186px; width: 176.414px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">consumables and finished goods</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 185.514px; width: 718.799px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Costs for services</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 220.418px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">246</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">56</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">22.8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">287</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">142</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">49.5</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.842px; width: 642.141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ersonnel costs</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 230.42px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">237</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 133.119px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">248</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(5)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.154px; width: 718.863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other operating costs and expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.467px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">159</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">219</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.4</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 264.467px; width: 718.658px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 232.635px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">37</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">45.9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">93</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8534px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8.6</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.779px; width: 718.869px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 214.647px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">177</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8534px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">314</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">18</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5.7</span></span></span><span style=\"display:inherit;clear:left;\">43 <span class=\"_ _94\"> </span>For further information, please refer to Note 26.1.1 \u201cGuarantee provided on behalf of the associate T<span class=\"_ _1\"></span>AP<span class=\"_ _0\"></span>\u201d.</span><span style=\"display:inherit;clear:left;\">Related party transactions are generally settled on an arm's length basis, i.e. on terms that would be applied between two </span><span style=\"display:inherit;clear:left;\">independent parties. </span><span style=\"display:inherit;clear:left;\">The main financial flows with related parties are shown in the table below. </span><span style=\"display:inherit;clear:left;position:relative;height:485.880859375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 721.699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Operating revenues and income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 413.123px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,723 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,130 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.893px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other operating costs and expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 392.351px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(216)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.1739px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(283)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 721.605px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in trade and other receivables </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 380.209px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(439)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">332 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 721.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in trade and other payables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 410.438px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">65 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(209) </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in other current and non-current liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.227px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 719.174px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Interest received (paid)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 483.956px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(10)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 721.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cash fl</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ows from operating activities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 391.331px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,138 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.4784px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,961 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 70.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Investments:</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 237.42px; width: 719.033px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Property, plant and equipment and intangible assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 304.67px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(85)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(183)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 263.732px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Equity inv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">estments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 580.669px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(406)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.045px; width: 721.734px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Long-term financial receivables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 529.08px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 316.373px; width: 721.395px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Change in payables and receivables relating to in</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vestments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 276.416px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.8926px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 342.686px; width: 71.5605px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Divestments:</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 368.998px; width: 619.588px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Financial receivables (repayments)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 402.51px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">194 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 395.311px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cash flows from inv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">esting activities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 405.334px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">140 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(559)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 421.623px; width: 721.43px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Increase (decrease) in short</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-term financial payables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 318.164px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">200 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.008px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">300 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 447.951px; width: 721.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cash fl</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ows from financing activities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 403.748px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">200 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">300 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 474.264px; width: 721.746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL CASH FL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OWS TO RELA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TED ENTITIES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 347.397px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,478 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.4784px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,702 </span></span></span><span style=\"display:inherit;clear:left;\">The impact of cash flows with related parties is shown in the table below: </span><span style=\"display:inherit;clear:left;position:relative;height:130.990234375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 369.906px; top: 0.0078125px; width: 256.729px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 202.19px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 19.9141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 368.562px; top: 26.3359px; width: 47.9062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Related </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 598.781px; top: 26.3516px; width: 47.9062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Related </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 308.391px; top: 33.0859px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 436.547px; top: 33.0859px; width: 130.078px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impact %</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 666.734px; top: 33.1016px; width: 53.2441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impact %</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 368.562px; top: 39.8359px; width: 44.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">entities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 598.781px; top: 39.8516px; width: 44.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">entities</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.748px; width: 644.93px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cash flows from operating activities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.52px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,109 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,138 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.877px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27.7 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(135)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,961 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0605px; width: 721.582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cash flows from inv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">esting activities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 107.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,368)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">140 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 112.629px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2,231)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.1642px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(559)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">25.1 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.373px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cash flows from financing activities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.195px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2,321)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">200 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 120.574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,991 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">300 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15.1</span></span></span><span style=\"display:inherit;clear:left;\">38) <span class=\"_ _35\"> </span>PUBLIC DISBURSEMENTS - DISCLOSURE PURSUANT TO <span class=\"_ _1\"></span>ARTICLE 1, </span><span style=\"display:inherit;clear:left;\">P<span class=\"_ _11\"></span>ARAGRAPHS 125-129, LA<span class=\"_ _c\"></span>W NO. 124/2017</span><span style=\"display:inherit;clear:left;\">Pursuant to Article 1, paragraph 125 of Law No. 124/2017, as amended, information is given below on disbursements </span><span style=\"display:inherit;clear:left;\">received from Italian public entities and organisations, in favour of Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. and its fully consolidated subsidiaries. </span><span style=\"display:inherit;clear:left;\">Consolidated reporting takes into account disbursements received from Italian public entities/state bodies. In particular<span class=\"_ _1\"></span>, </span><span style=\"display:inherit;clear:left;\">disclosure is not required for the following: (i) the forms of incentive/subsidy received under a general aid scheme </span><span style=\"display:inherit;clear:left;\">to all beneficiaries; (ii) consideration for works/services, including sponsorships; (iii) reimbursements and allowances </span><span style=\"display:inherit;clear:left;\">paid to persons engaged in training and orientation traineeships; (iv) contributions received for continuing training by </span><span style=\"display:inherit;clear:left;\">inter-professional funds established in the legal form of an association; (v) membership dues for membership in trade </span><span style=\"display:inherit;clear:left;\">and territorial associations, as well as to foundations or equivalent organisations, functional to activities related to the </span><span style=\"display:inherit;clear:left;\">company's business. Disbursements are identified on a cash basis. </span><span style=\"display:inherit;clear:left;\">The disclosure obligations regarding the transparency of public disbursements granted, provided for by Law 124 of 2017 </span><span style=\"display:inherit;clear:left;\">in Article 1, paragraph 126, are not applicable for the Snam Group.</span><span style=\"display:inherit;clear:left;\">The disclosure presented below includes public disbursements in excess of \u20ac10,000 received during 2023. Pursuant to the </span><span style=\"display:inherit;clear:left;\">provisions of Article 3-quater of Decree-Law 135/2018, converted with amendments by Law 12 of 11 February 2019, for </span><span style=\"display:inherit;clear:left;\">the disbursements received, please refer to the indications contained in the National Register of State Aid referred to in </span><span style=\"display:inherit;clear:left;\">Article 52 of Law 234 of 24 December 2012. </span><span style=\"display:inherit;clear:left;position:relative;height:253.162109375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 600.422px; top: 0.0078125px; width: 121.189px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amount of economic </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 6.75781px; width: 412.482px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Beneficiar</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8534px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">DIsbursing entity</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Object of the contribution</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 590.031px; top: 13.5078px; width: 129.826px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">advant</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">age rec</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eived (\u20ac)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 40.4043px; width: 243.158px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">I-Gap Project:  Development of technologies </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 53.9043px; width: 304.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for the design and production of natural gas absorption </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 60.6543px; width: 221.438px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Snam S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.5196px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Lombardy Region</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 680.891px; top: 60.6699px; width: 40.0957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">72,932 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 67.4043px; width: 270.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">heat pumps for residential use with an innovative </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 80.9043px; width: 115.441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">thermodynamic cycle</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 125.906px; top: 107.232px; width: 61.4414px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Ministry of </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 113.982px; width: 306.246px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Construction of an LNG and Bio-GNL refuelling point for </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 125.906px; top: 120.732px; width: 101.736px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Infrastructure and </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 127.482px; width: 86.1387px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">GNL Italia S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 127.482px; width: 265.406px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">road tankers at the existing P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">anigaglia regasifier </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 664.031px; top: 127.482px; width: 56.9414px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,102,438 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 125.906px; top: 134.232px; width: 96.0645px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransport - NRRP </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 140.982px; width: 222.721px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">in Port</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ovenere (La Spezia</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">) - Pre-financing</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 125.906px; top: 147.732px; width: 113.068px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Supplementary Fund</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 174.045px; width: 264.639px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Construction of a liquefaction plant in Pignataro </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 125.906px; top: 187.545px; width: 61.4414px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Ministry of </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 187.545px; width: 252.908px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Maggiore (C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">esena) for the supply, st</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">orage and </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 125.906px; top: 201.045px; width: 101.736px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Infrastructure and </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 201.045px; width: 267.592px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">utilisation of Bio-GNL and LNG, suitable to foster </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 207.795px; width: 89.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Greenture S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 664.031px; top: 207.795px; width: 56.9414px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3,374,398 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 125.906px; top: 214.545px; width: 96.0645px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransport - NRRP </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 214.545px; width: 275.49px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">the decarbonisation of transport (with a particular </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 125.906px; top: 228.045px; width: 113.068px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Supplementary Fund</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 228.045px; width: 297.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">focus on the maritime sector) in Central Southern Italy </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 241.545px; width: 78.7324px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Pre-financing</span></span></span><span style=\"display:inherit;clear:left;\">39) <span class=\"_ _10c\"> </span>SIGNIFICANT EVENTS OCCURRING <span class=\"_ _c\"></span>AFTER THE END OF THE FINANCIAL <span class=\"_ _1\"></span>YEAR</span><span style=\"display:inherit;clear:left;\"><span><span style=\"display:inherit;clear:left;\">There were no significant events after the end of the financial year<span class=\"_ _1\"></span>.</span></span>  </span><span style=\"display:inherit;clear:left;\">40) <span class=\"_ _35\"> </span>PUBLICA<span class=\"_ _1\"></span>TION OF THE FINANCIAL<span class=\"_ _c\"></span> ST<span class=\"_ _1\"></span>A<span class=\"_ _11\"></span>TEMENTS</span><span style=\"display:inherit;clear:left;\">The financial statements were authorised for publication, to be carried out in accordance with law, by the Board of </span><span style=\"display:inherit;clear:left;\">Directors of Snam in its meeting of 13 March 2024. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__7": {
   "value": "Snam S.p.A.",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__6": {
   "value": "Snam S.p.A.",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__9": {
   "value": "Italia",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__8": {
   "value": "Italia",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__10": {
   "value": "leading integrated group in the regulated gas industry, specializing in transportation, regasification, and storage. It is a significant player in the industry, particularly in terms of its regulatory asset base (RAB).",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__11": {
   "value": "In addition to Italy, through its international subsidiaries, Snam also operates infrastructure in Austria, Tunisia, Egypt, the United Arab Emirates, France, Greece and the United Kingdom.",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__12": {
   "value": "joint-stock company",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__13": {
   "value": "San Donato Milanese (Milan) - Italy, in Piazza Santa Barbara 7.",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__14": {
   "value": "CDP S.p.A.",
   "dimensions": {
    "concept": "ifrs-full:NameOfUltimateParentOfGroup",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__15": {
   "value": "<span style=\"display:inherit;clear:left;\">2.1  <span class=\"_ _42\"> </span>Basis of presentation</span><span style=\"display:inherit;clear:left;\">These consolidated financial statements:</span><span style=\"display:inherit;clear:left;\">a) <span class=\"_ _94\"> </span>have been prepared in accordance with the International Financial Reporting Standards (IFRS) issued by the </span><span style=\"display:inherit;clear:left;\">International Accounting Standards Board (IASB) and adopted by the European Commission pursuant to Article 6 of </span><span style=\"display:inherit;clear:left;\">Regulation (EC) No. 1606/2002 of the European P<span class=\"_ _c\"></span>arliament and of the Council of 19 July 2002 and pursuant to Article </span><span style=\"display:inherit;clear:left;\">9 of Legislative Decree 38/2005;</span>",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__17": {
   "value": "<span style=\"display:inherit;clear:left;\">have been prepared based on a going-concern basis, utilizing the historical cost method, taking into account any </span><span style=\"display:inherit;clear:left;\">necessary value adjustments, barring those items that are required to be measured at fair value, in compliance with </span><span style=\"display:inherit;clear:left;\">IFRS, as outlined in the measurement criteria; given the nature of Snam\u2019s core operations, the strong finance of </span><span style=\"display:inherit;clear:left;\">the Group, there are no factors that necessitate a detailed examination regarding the validity of the going concern </span><span style=\"display:inherit;clear:left;\">assumption;</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__16": {
   "value": "<span style=\"display:inherit;clear:left;\">have been prepared based on a going-concern basis, utilizing the historical cost method, taking into account any </span><span style=\"display:inherit;clear:left;\">necessary value adjustments, barring those items that are required to be measured at fair value, in compliance with </span><span style=\"display:inherit;clear:left;\">IFRS, as outlined in the measurement criteria; given the nature of Snam\u2019s core operations, the strong finance of </span><span style=\"display:inherit;clear:left;\">the Group, there are no factors that necessitate a detailed examination regarding the validity of the going concern </span><span style=\"display:inherit;clear:left;\">assumption;</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__19": {
   "value": "<span style=\"display:inherit;clear:left;\">POLICIES </span><span style=\"display:inherit;clear:left;\">The most significant accounting policies adopted to for the </span><span style=\"display:inherit;clear:left;\">preparation of the consolidated financial statements are </span><span style=\"display:inherit;clear:left;\">described below. </span><span style=\"display:inherit;clear:left;\">5.1 <span class=\"_ _3c\"> </span>Consolidation criteria</span><span style=\"display:inherit;clear:left;\">Subsidiaries, joint ventures, associates and other significant </span><span style=\"display:inherit;clear:left;\">equity investments are indicated separately in the appendix </span><span style=\"display:inherit;clear:left;\">\u201cEquity investments of Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. as at 31 December </span><span style=\"display:inherit;clear:left;\">2023\u201d, which is an integral part of these notes. The same </span><span style=\"display:inherit;clear:left;\">annex shows the changes in the scope of consolidation at </span><span style=\"display:inherit;clear:left;\">31 December 2023 compared to 31 December 2022. For </span><span style=\"display:inherit;clear:left;\">further details on the acquisition of controlling interests, </span><span style=\"display:inherit;clear:left;\">please refer to the section 'Business Combinations'. </span><span style=\"display:inherit;clear:left;\">All the financial statements of the companies included in </span><span style=\"display:inherit;clear:left;\">the scope of consolidation are expressed in euro, adjusted, </span><span style=\"display:inherit;clear:left;\">where necessary, to make them consistent with the </span><span style=\"display:inherit;clear:left;\">accounting policies applied by the Parent Company.</span><span style=\"display:inherit;clear:left;\">2 <span class=\"_ _80\"> </span>Assets and liabilities are classified as current if: (i) their realisation/</span><span style=\"display:inherit;clear:left;\">settlement is part of the normal operating cycle of the company or in </span><span style=\"display:inherit;clear:left;\">the 12 months after the financial year-end; (ii) they consist of the cash </span><span style=\"display:inherit;clear:left;\">and cash equivalents without restrictions that would limit usage thereof </span><span style=\"display:inherit;clear:left;\">in the 12 months following the closure of the year; or (iii) they are held </span><span style=\"display:inherit;clear:left;\">mainly for trading.</span><span style=\"display:inherit;clear:left;\">Fully consolidated subsidiaries</span><span style=\"display:inherit;clear:left;\">The Group defines another entity as a subsidiary when it:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>has the power to make decisions concerning the investee </span><span style=\"display:inherit;clear:left;\">entity;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>is entitled to receive a share of or is exposed to the </span><span style=\"display:inherit;clear:left;\">variable profits and losses of the investee entity;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>is able to exercise power over the investee entity in such </span><span style=\"display:inherit;clear:left;\">a way as to affect the amount of its economic returns.</span><span style=\"display:inherit;clear:left;\">Figures relating to subsidiaries are included in the </span><span style=\"display:inherit;clear:left;\">consolidated financial statements, based on uniform </span><span style=\"display:inherit;clear:left;\">accounting policies, from the date on which the Company </span><span style=\"display:inherit;clear:left;\">assumes direct or indirect control over them until the date </span><span style=\"display:inherit;clear:left;\">on which said control ceases to exist. The assets, liabilities, </span><span style=\"display:inherit;clear:left;\">income and expenses of consolidated companies are fully </span><span style=\"display:inherit;clear:left;\">incorporated line-by-line in the consolidated Financial </span><span style=\"display:inherit;clear:left;\">Statements (full consolidation method). </span><span style=\"display:inherit;clear:left;\">Unrealised gains from transactions between consolidated </span><span style=\"display:inherit;clear:left;\">companies are derecognised, as are receivables, payables, </span><span style=\"display:inherit;clear:left;\">income, expenses, guarantees, commitments and risks </span><span style=\"display:inherit;clear:left;\">between consolidated companies. The portion pertaining </span><span style=\"display:inherit;clear:left;\">to the Group of unrealised gains with companies valued </span><span style=\"display:inherit;clear:left;\">using the equity method is derecognised. In both cases, </span><span style=\"display:inherit;clear:left;\">intragroup losses are not derecognised because they </span><span style=\"display:inherit;clear:left;\">are considered to represent the impairment loss on the </span><span style=\"display:inherit;clear:left;\">transferred asset.</span><span style=\"display:inherit;clear:left;\">Changes in equity investments held directly or indirectly </span><span style=\"display:inherit;clear:left;\">by the Company in subsidiaries that do not result in a </span><span style=\"display:inherit;clear:left;\">change in the qualification of the investment as a subsidiary </span><span style=\"display:inherit;clear:left;\">are recorded directly in equity as transactions with </span><span style=\"display:inherit;clear:left;\">shareholders. The book value of the equity attributable to </span><span style=\"display:inherit;clear:left;\">Parent company shareholders and non-controlling interests </span><span style=\"display:inherit;clear:left;\">are adjusted to reflect the change in the equity investment </span><span style=\"display:inherit;clear:left;\">ownership. The difference between the book value of </span><span style=\"display:inherit;clear:left;\">minority interests and the fair value of the consideration </span><span style=\"display:inherit;clear:left;\">paid or received is recorded directly under equity </span><span style=\"display:inherit;clear:left;\">attributable to Parent company shareholders.</span><span style=\"display:inherit;clear:left;\">Otherwise, the selling of interests entailing loss of control </span><span style=\"display:inherit;clear:left;\">requires the posting to the income statement of: (i) </span><span style=\"display:inherit;clear:left;\">any capital gains or losses calculated as the difference </span><span style=\"display:inherit;clear:left;\">between the consideration received and the corresponding </span><span style=\"display:inherit;clear:left;\">portion of shareholders\u2019 equity transferred; (ii) the effect </span><span style=\"display:inherit;clear:left;\">of the alignment to the fair value of any residual equity </span><span style=\"display:inherit;clear:left;\">investment maintained; (iii) any amounts posted to other </span><span style=\"display:inherit;clear:left;\">components in the comprehensive income statement </span><span style=\"display:inherit;clear:left;\">relating to the former subsidiary that will be reclassified </span><span style=\"display:inherit;clear:left;\">to the income statement. The fair value of any equity </span><span style=\"display:inherit;clear:left;\">investment maintained at the date of loss of control </span><span style=\"display:inherit;clear:left;\">represents the new reference value for the successive </span><span style=\"display:inherit;clear:left;\">valuation of the equity investment according to the </span><span style=\"display:inherit;clear:left;\">applicable valuation criteria.</span><span style=\"display:inherit;clear:left;\">Associates and joint ventures accounted for using the </span><span style=\"display:inherit;clear:left;\">equity method</span><span style=\"display:inherit;clear:left;\">An associate is an investee in which the Group has </span><span style=\"display:inherit;clear:left;\">significant influence, i.e., the power to participate in </span><span style=\"display:inherit;clear:left;\">determining the financial and operating policies of the </span><span style=\"display:inherit;clear:left;\">associate company, without, however<span class=\"_ _1\"></span>, having control or </span><span style=\"display:inherit;clear:left;\">3</span><span style=\"display:inherit;clear:left;\">joint control</span><span style=\"display:inherit;clear:left;\">; over it. The investor is presumed to have </span><span style=\"display:inherit;clear:left;\">significant influence (unless the contrary can be proven ) if </span><span style=\"display:inherit;clear:left;\">it owns, directly or indirectly through subsidiaries, at least </span><span style=\"display:inherit;clear:left;\">20% of the exercisable voting rights.</span><span style=\"display:inherit;clear:left;\">A joint venture is a joint arrangement in which the parties </span><span style=\"display:inherit;clear:left;\">that hold joint control have rights to the net assets subject </span><span style=\"display:inherit;clear:left;\">to the arrangement and, therefore, havean interest in the </span><span style=\"display:inherit;clear:left;\">jointly controlled corporate vehicle.</span><span style=\"display:inherit;clear:left;\">Equity investments in associates and joint ventures </span><span style=\"display:inherit;clear:left;\">are measured using the equity method, whereby </span><span style=\"display:inherit;clear:left;\">the investments are initially recognised at cost and </span><span style=\"display:inherit;clear:left;\">subsequently adjusted to take account of:</span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span>the investor\u2019s share in the economic results of the </span><span style=\"display:inherit;clear:left;\">investee after the acquisition date;</span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>the investor<span class=\"_ _0\"></span>\u2019s share of the other components in the </span><span style=\"display:inherit;clear:left;\">comprehensive income statement of the investee.</span><span style=\"display:inherit;clear:left;\">Dividends distributed by the investee are recognised net of </span><span style=\"display:inherit;clear:left;\">the book value of the equity investment. For the purposes </span><span style=\"display:inherit;clear:left;\">of applying the equity method, the adjustments provided </span><span style=\"display:inherit;clear:left;\">for the consolidation process are taken into account (see </span><span style=\"display:inherit;clear:left;\">also the previous point on fully consolidated subsidiaries).</span><span style=\"display:inherit;clear:left;\">In the case of an associate relationship (or joint control </span><span style=\"display:inherit;clear:left;\">) the cost of the investment is measured, in subsequent </span><span style=\"display:inherit;clear:left;\">stages, as the sum of the fair values of the previously held </span><span style=\"display:inherit;clear:left;\">interests and the fair value of the consideration transferred </span><span style=\"display:inherit;clear:left;\">at the date the investment qualifies as an associate (or </span><span style=\"display:inherit;clear:left;\">as jointly controlled). The effect of the revaluation of the </span><span style=\"display:inherit;clear:left;\">book value of equity interests held prior to the assumption </span><span style=\"display:inherit;clear:left;\">of the connection (or joint control) is recognised in profit </span><span style=\"display:inherit;clear:left;\">or loss, including any components recognised in other </span><span style=\"display:inherit;clear:left;\">comprehensive income. The sale of the investment that </span><span style=\"display:inherit;clear:left;\">results in loss of joint control or significant influence over </span><span style=\"display:inherit;clear:left;\">the investee determines the recognition of the following in </span><span style=\"display:inherit;clear:left;\">the income statement: any capital gains or losses calculated </span><span style=\"display:inherit;clear:left;\">as the difference between the consideration received </span><span style=\"display:inherit;clear:left;\">and the corresponding fractionof thebook value of the </span><span style=\"display:inherit;clear:left;\">investment sold; (ii) the effect of the alignment to the </span><span style=\"display:inherit;clear:left;\">fair value of any residual equity investment maintained; </span><span style=\"display:inherit;clear:left;\">(iii) any amounts posted to other components in the </span><span style=\"display:inherit;clear:left;\">comprehensive income statement relating to the investee </span><span style=\"display:inherit;clear:left;\">entity that will be reclassified to the income statement. The </span><span style=\"display:inherit;clear:left;\">value of any equity investment maintained, aligned with </span><span style=\"display:inherit;clear:left;\">the relative fair value at the date of loss of joint control or </span><span style=\"display:inherit;clear:left;\">significant influence, represents the new reference value </span><span style=\"display:inherit;clear:left;\">for the successive valuation according to the applicable </span><span style=\"display:inherit;clear:left;\">valuation criteria. </span><span style=\"display:inherit;clear:left;\">3 <span class=\"_ _80\"> </span>Joint control is the sharing, on a contractual basis, of control of an </span><span style=\"display:inherit;clear:left;\">arrangement, which exists only when the unanimous consent of all </span><span style=\"display:inherit;clear:left;\">parties sharing control is required for decisions on relevant activities.</span><span style=\"display:inherit;clear:left;\">If there is objective evidence of impairment, the Group </span><span style=\"display:inherit;clear:left;\">performs an impairment test by comparing the book </span><span style=\"display:inherit;clear:left;\">value with the relative recoverable value, recording this </span><span style=\"display:inherit;clear:left;\">difference in the income statement under 'Share of profit </span><span style=\"display:inherit;clear:left;\">or loss of investments accounted for using the equity </span><span style=\"display:inherit;clear:left;\">method'. In the event that the Group's share of the loss </span><span style=\"display:inherit;clear:left;\">exceeds the book value of the investment, the latter </span><span style=\"display:inherit;clear:left;\">is written off and any excess is recognised in a special </span><span style=\"display:inherit;clear:left;\">provision, if the investor is obliged to fulfil legal or implicit </span><span style=\"display:inherit;clear:left;\">obligations of the investee company or otherwise cover </span><span style=\"display:inherit;clear:left;\">its losses. When the reasons for the impairment losses no </span><span style=\"display:inherit;clear:left;\">longer apply, equity investments are revalued up to the </span><span style=\"display:inherit;clear:left;\">amount of the impairment losses entered, with the effect </span><span style=\"display:inherit;clear:left;\">posted to the income statement under the above item.</span><span style=\"display:inherit;clear:left;\">The parent company\u2019s share of any losses of the investee </span><span style=\"display:inherit;clear:left;\">company, greater than the investment\u2019s book value, is </span><span style=\"display:inherit;clear:left;\">recognised in a special provision to the extent that the </span><span style=\"display:inherit;clear:left;\">parent company is committed to fulfilling its legal or </span><span style=\"display:inherit;clear:left;\">implied obligations to the investee, or<span class=\"_ _1\"></span>, in any event<span class=\"_ _0\"></span>, to </span><span style=\"display:inherit;clear:left;\">covering its losses.</span><span style=\"display:inherit;clear:left;\">Business combinations</span><span style=\"display:inherit;clear:left;\">Business combinations are transactions with which the </span><span style=\"display:inherit;clear:left;\">group acquires control of a business. T<span class=\"_ _1\"></span>o determine </span><span style=\"display:inherit;clear:left;\">whether a particular set of acquired assets and activities </span><span style=\"display:inherit;clear:left;\">meets the definition of a \u201cbusiness\u201d, the Group examines </span><span style=\"display:inherit;clear:left;\">whether that set comprises, at least, a production factor </span><span style=\"display:inherit;clear:left;\">and a substantial process and whether it has the ability to </span><span style=\"display:inherit;clear:left;\">generate production. </span><span style=\"display:inherit;clear:left;\">Business combinations are accounted for by applying the </span><span style=\"display:inherit;clear:left;\">acquisition method, whereby the consideration transferred </span><span style=\"display:inherit;clear:left;\">at the date of acquisition of control is equal to the fair </span><span style=\"display:inherit;clear:left;\">value of the assets transferred, the liabilities incurred or </span><span style=\"display:inherit;clear:left;\">taken on, and any equity instrumentsissued. </span><span style=\"display:inherit;clear:left;\">The consideration transferred also includes the current </span><span style=\"display:inherit;clear:left;\">value of any deferred fixed payments and the fair value </span><span style=\"display:inherit;clear:left;\">of any contingent considerations (e.g earn-outs). If the </span><span style=\"display:inherit;clear:left;\">contingent consideration meets the definition of an equity </span><span style=\"display:inherit;clear:left;\">instrument, it is classified as shareholders\u2019 equity and is not </span><span style=\"display:inherit;clear:left;\">measured thereafter<span class=\"_ _1\"></span>. Other contingent considerations are </span><span style=\"display:inherit;clear:left;\">recognised as a liabilities and are measured at fair value at </span><span style=\"display:inherit;clear:left;\">each financial year-end; changes in fair value are recognised </span><span style=\"display:inherit;clear:left;\">in the income statement.</span><span style=\"display:inherit;clear:left;\">Costs directly attributable to the transaction, other than </span><span style=\"display:inherit;clear:left;\">those related to the issue of debt or equity instruments, </span><span style=\"display:inherit;clear:left;\">are recognised in the income statement when they are </span><span style=\"display:inherit;clear:left;\">incurred.</span><span style=\"display:inherit;clear:left;\">The shareholders\u2019 equity of these associate companies is </span><span style=\"display:inherit;clear:left;\">determined by attributing to each asset and liability its fair </span><span style=\"display:inherit;clear:left;\">value at the date of acquisition of control.  If positive, any </span><span style=\"display:inherit;clear:left;\">difference from the consideration transferred is posted to </span><span style=\"display:inherit;clear:left;\">the asset item \u201cGoodwill\u201d; if negative, it is posted instead </span><span style=\"display:inherit;clear:left;\">to the income statement.</span><span style=\"display:inherit;clear:left;\">Where total control is not acquired, the share of equity </span><span style=\"display:inherit;clear:left;\">attributable to minority interests is determined based </span><span style=\"display:inherit;clear:left;\">on the share of the current values attributed to assets </span><span style=\"display:inherit;clear:left;\">and liabilities at the date of acquisition of control, </span><span style=\"display:inherit;clear:left;\">net of any goodwill (the \u201cpartial goodwill method\u201d). </span><span style=\"display:inherit;clear:left;\">Alternatively, the full amount of the goodwill generated </span><span style=\"display:inherit;clear:left;\">by the acquisition is recognised, therefore also taking into </span><span style=\"display:inherit;clear:left;\">account the portion attributable to minority interests </span><span style=\"display:inherit;clear:left;\">(the \u201cfull goodwill method\u201d). In this case, non-controlling </span><span style=\"display:inherit;clear:left;\">interests are expressed at their total fair value, including </span><span style=\"display:inherit;clear:left;\">the attributable share of goodwill. The choice of how </span><span style=\"display:inherit;clear:left;\">to determine goodwill (Partial goodwill method or full </span><span style=\"display:inherit;clear:left;\">goodwill method) is based on each individual business </span><span style=\"display:inherit;clear:left;\">combination transaction.</span><span style=\"display:inherit;clear:left;\">If control is assumed in successive stages, the </span><span style=\"display:inherit;clear:left;\">consideration transferred is determined by adding </span><span style=\"display:inherit;clear:left;\">together the fair value of the equity investment previously </span><span style=\"display:inherit;clear:left;\">held in the acquired company and theamount paid to </span><span style=\"display:inherit;clear:left;\">acquire the additional equity investment. The difference </span><span style=\"display:inherit;clear:left;\">between the fair value of the previously held equity </span><span style=\"display:inherit;clear:left;\">investment (redetermined at the time of acquisition </span><span style=\"display:inherit;clear:left;\">of control) and the relative book value is posted to </span><span style=\"display:inherit;clear:left;\">the income statement. Upon acquisition of control, </span><span style=\"display:inherit;clear:left;\">any components previously recognised under other </span><span style=\"display:inherit;clear:left;\">components in the comprehensive income statement </span><span style=\"display:inherit;clear:left;\">are posted to the income statement or to another item </span><span style=\"display:inherit;clear:left;\">of shareholders\u2019 equity, if no provisions are made for </span><span style=\"display:inherit;clear:left;\">classification in the income statement.</span><span style=\"display:inherit;clear:left;\">When the values of the assets and liabilities of the </span><span style=\"display:inherit;clear:left;\">acquired entity are determined provisionally in the </span><span style=\"display:inherit;clear:left;\">financial year in which the business combination is </span><span style=\"display:inherit;clear:left;\">concluded, the figures recorded are adjusted, with </span><span style=\"display:inherit;clear:left;\">retroactive effect, no later than 12 months after the </span><span style=\"display:inherit;clear:left;\">acquisition date, to take into account new information </span><span style=\"display:inherit;clear:left;\">about facts and circumstances in existence at the </span><span style=\"display:inherit;clear:left;\">acquisition date.</span><span style=\"display:inherit;clear:left;\">Business combinations involving entities under joint </span><span style=\"display:inherit;clear:left;\">control</span><span style=\"display:inherit;clear:left;\">Business combinations involving companies that are </span><span style=\"display:inherit;clear:left;\">definitively controlled by the same company or companies </span><span style=\"display:inherit;clear:left;\">before and after the transaction, and where such control </span><span style=\"display:inherit;clear:left;\">is not temporary, are classed as \u201cBusiness combinations </span><span style=\"display:inherit;clear:left;\">of entities under common control\u201d, whose accounting </span><span style=\"display:inherit;clear:left;\">is not specifically disclosed in IFRS.  In the absence of </span><span style=\"display:inherit;clear:left;\">a reference accounting standard, the selection of an </span><span style=\"display:inherit;clear:left;\">accounting standard for such transactions, for which </span><span style=\"display:inherit;clear:left;\">a significant influence on future cash flows cannot be </span><span style=\"display:inherit;clear:left;\">established, is guided by the principle of prudence, which </span><span style=\"display:inherit;clear:left;\">leads to the application of the criterion of continuity of </span><span style=\"display:inherit;clear:left;\">values of the net assets acquired. The assets are measured </span><span style=\"display:inherit;clear:left;\">at the book values from the financial statements of the </span><span style=\"display:inherit;clear:left;\">companies being acquired (or the vendor company) </span><span style=\"display:inherit;clear:left;\">before the transaction or<span class=\"_ _1\"></span>, alternatively, at the values from </span><span style=\"display:inherit;clear:left;\">the consolidated financial statements of the common </span><span style=\"display:inherit;clear:left;\">ultimate parent.</span><span style=\"display:inherit;clear:left;\">With regard to the sale of business, the treatment </span><span style=\"display:inherit;clear:left;\">of the difference between the contractually defined </span><span style=\"display:inherit;clear:left;\">consideration and the carrying amounts of the transferred </span><span style=\"display:inherit;clear:left;\">business is differentiated depending on the entities </span><span style=\"display:inherit;clear:left;\">involved in the transfer<span class=\"_ _1\"></span>. </span><span style=\"display:inherit;clear:left;\">With regard to contributions involving businesses under </span><span style=\"display:inherit;clear:left;\">common control, on the other hand, irrespective of the </span><span style=\"display:inherit;clear:left;\">pre-existing investment relationship, the transferee entity </span><span style=\"display:inherit;clear:left;\">recognises the transferred business at its historical carrying </span><span style=\"display:inherit;clear:left;\">value, increasing its own equity by an equal amount; the </span><span style=\"display:inherit;clear:left;\">transferring entity shall recognise the investment in the </span><span style=\"display:inherit;clear:left;\">transferee entity at an amount equal to the increase in the </span><span style=\"display:inherit;clear:left;\">latter\u2019s shareholders\u2019 equity. This accounting treatment </span><span style=\"display:inherit;clear:left;\">refers to the proposal by Assirevi in the Preliminar<span class=\"_ _0\"></span>y </span><span style=\"display:inherit;clear:left;\">Guidelines on IFRS (OPI No. 1 Revised) - \u201c<span class=\"_ _1\"></span>Accounting </span><span style=\"display:inherit;clear:left;\">treatment of business combinations of entities under </span><span style=\"display:inherit;clear:left;\">common control in the separate and consolidated financial </span><span style=\"display:inherit;clear:left;\">statements\u201d issued in October 2016.</span><span style=\"display:inherit;clear:left;\">Accounting treatment of put options written on the </span><span style=\"display:inherit;clear:left;\">shares of subsidiaries</span><span style=\"display:inherit;clear:left;\">Therefore, if the Group does not have the unconditional </span><span style=\"display:inherit;clear:left;\">right to avoid delivery of cash or other financial instruments </span><span style=\"display:inherit;clear:left;\">when a put option on shares in subsidiaries is exercised, a </span><span style=\"display:inherit;clear:left;\">financial liability equal to the current value of the option </span><span style=\"display:inherit;clear:left;\">exercise price is recognised and subsequent changes in the </span><span style=\"display:inherit;clear:left;\">financial liability are recognised in the income statement. </span><span style=\"display:inherit;clear:left;\">The same accounting treatment is applicable when, in </span><span style=\"display:inherit;clear:left;\">addition to a put option, there is also the simultaneous </span><span style=\"display:inherit;clear:left;\">presence of a symmetrical call option, the so-called </span><span style=\"display:inherit;clear:left;\">\u201csymmetrical put and call options related to non-controlling </span><span style=\"display:inherit;clear:left;\">interest\u201d.</span><span style=\"display:inherit;clear:left;\">Snam considers that shares subject to put options (or </span><span style=\"display:inherit;clear:left;\">symmetrical put and call options) have already been </span><span style=\"display:inherit;clear:left;\">acquired by the Group, in cases where the economic </span><span style=\"display:inherit;clear:left;\">benefits and risks associated with the actual ownership of </span><span style=\"display:inherit;clear:left;\">the shares do not remain with the minority shareholders; </span><span style=\"display:inherit;clear:left;\">therefore, in such circumstances, it does not recognise </span><span style=\"display:inherit;clear:left;\">minority interests in the consolidated financial statements.</span><span style=\"display:inherit;clear:left;\">5.2 <span class=\"_ _3c\"> </span>Property<span class=\"_ _11\"></span>, plant and equipment </span><span style=\"display:inherit;clear:left;\">Recognition and measurement of owned assets</span><span style=\"display:inherit;clear:left;\">Property, plant and equipment are measured at cost, less </span><span style=\"display:inherit;clear:left;\">accumulated depreciation and impairment losses. When </span><span style=\"display:inherit;clear:left;\">a significant period of time is needed before the asset is </span><span style=\"display:inherit;clear:left;\">ready for use, financial expenses incurred during the asset </span><span style=\"display:inherit;clear:left;\">preparation period are also capitalised in the cost of the </span><span style=\"display:inherit;clear:left;\">asset.</span><span style=\"display:inherit;clear:left;\">If there are current obligations for the decommissioning </span><span style=\"display:inherit;clear:left;\">and removal of assets and restoration of the sites, </span><span style=\"display:inherit;clear:left;\">the book value includes the estimated (discounted) </span><span style=\"display:inherit;clear:left;\">costs to be incurred at the time that the structures are </span><span style=\"display:inherit;clear:left;\">decommissioned, recognised as a contra-entry to aspecific </span><span style=\"display:inherit;clear:left;\">provision. The accounting treatment for revisions in these </span><span style=\"display:inherit;clear:left;\">cost estimates, the passage of time and the discount rate </span><span style=\"display:inherit;clear:left;\">are indicated in the Note 5.9 \u201cProvisions for risks and </span><span style=\"display:inherit;clear:left;\">charges, contingent liabilities and contingent assets\u201d.</span><span style=\"display:inherit;clear:left;\">Subsequent costs of improvements, upgrades and </span><span style=\"display:inherit;clear:left;\">transformations to/of property, plant and equipment </span><span style=\"display:inherit;clear:left;\">are capitalisedwhen it is likely that they will increase </span><span style=\"display:inherit;clear:left;\">the future economic benefits expected. Costs are also </span><span style=\"display:inherit;clear:left;\">capitalised when related to items purchased for security </span><span style=\"display:inherit;clear:left;\">or environmental reasons which, although not directly </span><span style=\"display:inherit;clear:left;\">improving the future economic benefits of existing assets, </span><span style=\"display:inherit;clear:left;\">are necessary to carr<span class=\"_ _0\"></span>y out the company\u2019s operations.</span><span style=\"display:inherit;clear:left;\">Property, plant and equipment includes:  </span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span>with regard to natural gas transportation, the value </span><span style=\"display:inherit;clear:left;\">relating to the quantities of natural gas injected to </span><span style=\"display:inherit;clear:left;\">bring natural gas pipelines into service. The valuation is </span><span style=\"display:inherit;clear:left;\">carried out using the weighted average purchase price </span><span style=\"display:inherit;clear:left;\">method. Specifically, the component of this quantity </span><span style=\"display:inherit;clear:left;\">that can no longer be extracted (the \u201cinitial line pack\u201d) </span><span style=\"display:inherit;clear:left;\">is depreciated over the useful life of the plant to which </span><span style=\"display:inherit;clear:left;\">it refers. On the contrary, the commercial component, </span><span style=\"display:inherit;clear:left;\">which is eventually transferable to the market or can </span><span style=\"display:inherit;clear:left;\">be put to alternative uses (the so-called \u201cOperating line </span><span style=\"display:inherit;clear:left;\">pack\u201d), is not subject to depreciation, since by its nature </span><span style=\"display:inherit;clear:left;\">it cannot depreciate; </span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>in the context of natural gas storage, the part of the gas </span><span style=\"display:inherit;clear:left;\">injected into the storage wells as cushion gas.</span><span style=\"display:inherit;clear:left;\">Recognition and measurement of leased assets</span><span style=\"display:inherit;clear:left;\">A contract is or contains a lease if it gives an entity the </span><span style=\"display:inherit;clear:left;\">right to control the use of an identified asset for a certain </span><span style=\"display:inherit;clear:left;\">period of time in exchange for a fee. For all leases with a </span><span style=\"display:inherit;clear:left;\">term of more than 12 months and relating to assets that </span><span style=\"display:inherit;clear:left;\">4</span><span style=\"display:inherit;clear:left;\">do not have a low value</span><span style=\"display:inherit;clear:left;\">, an asset is recognised in the </span><span style=\"display:inherit;clear:left;\">balance sheet on the effective date, i.e. when the asset is </span><span style=\"display:inherit;clear:left;\">made available for use (i) within the item property, plant </span><span style=\"display:inherit;clear:left;\">and equipment, which is representative of the right to use </span><span style=\"display:inherit;clear:left;\">the asset, and (ii) a financial liability is recognised, which </span><span style=\"display:inherit;clear:left;\">is representative of the obligation to make the payments </span><span style=\"display:inherit;clear:left;\">under the contract. </span><span style=\"display:inherit;clear:left;\">In determining the duration of the lease, the group </span><span style=\"display:inherit;clear:left;\">considers the non-cancellable period of the contract and, </span><span style=\"display:inherit;clear:left;\">when it believes there is reasonable certainty, also the </span><span style=\"display:inherit;clear:left;\">additional periods for the exercise of renewal options or </span><span style=\"display:inherit;clear:left;\">the non-exercise of early termination options provided in </span><span style=\"display:inherit;clear:left;\">the contract.</span><span style=\"display:inherit;clear:left;\">4 <span class=\"_ _80\"> </span>The Group considers low-value goods to be all goods whose value is </span><span style=\"display:inherit;clear:left;\">\u20ac25,000 or less. </span><span style=\"display:inherit;clear:left;\">Liabilities for leases are recognised initially at an amount </span><span style=\"display:inherit;clear:left;\">equal to the current value of the following lease payments </span><span style=\"display:inherit;clear:left;\">not yet made at the lease commencement date: </span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span>fixed (or substantially fixed) payments, net of any </span><span style=\"display:inherit;clear:left;\">incentives to be received; </span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>variable payments that depend on trends in rates or </span><span style=\"display:inherit;clear:left;\">indices;</span><span style=\"display:inherit;clear:left;\">(iii) estimated future payments for any residual value </span><span style=\"display:inherit;clear:left;\">guarantees, for the exercise of the purchase option and </span><span style=\"display:inherit;clear:left;\">for any penalties related to the early termination of the </span><span style=\"display:inherit;clear:left;\">contract, if the group considers the exercise of such </span><span style=\"display:inherit;clear:left;\">options to be reasonably certain.</span><span style=\"display:inherit;clear:left;\">The current value of the payments is calculated using a </span><span style=\"display:inherit;clear:left;\">discount rate equal to the group\u2019s marginal borrowing </span><span style=\"display:inherit;clear:left;\">rate taking into account the frequency and duration of </span><span style=\"display:inherit;clear:left;\">payments under the lease agreement.</span><span style=\"display:inherit;clear:left;\">Subsequent to initial recognition, the lease liability is </span><span style=\"display:inherit;clear:left;\">measured at amortised cost and is redetermined, against </span><span style=\"display:inherit;clear:left;\">the book value of the right<span class=\"_ _c\"></span>-of-use asset, when there is a </span><span style=\"display:inherit;clear:left;\">change in the lease payments due as a result of: </span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span>contract renegotiations;</span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>changes in rates or indices; or </span><span style=\"display:inherit;clear:left;\">(iii) changes in measurement made regarding the exercise </span><span style=\"display:inherit;clear:left;\">of contractually-provided options (e.g. purchase of the </span><span style=\"display:inherit;clear:left;\">leased asset or the extension or early termination of the </span><span style=\"display:inherit;clear:left;\">contract).</span><span style=\"display:inherit;clear:left;\">The right<span class=\"_ _c\"></span>-of-use asset is initially recognised at cost, </span><span style=\"display:inherit;clear:left;\">determined as the sum of the following components: </span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span>the initial amount of the finance lease liability; </span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>the initial direct costs incurred by the lessee; </span><span style=\"display:inherit;clear:left;\">(iii) any payments made on or before the lease </span><span style=\"display:inherit;clear:left;\">commencement date, net of any incentives received by </span><span style=\"display:inherit;clear:left;\">the lessor; and </span><span style=\"display:inherit;clear:left;\">(iv) the best estimate of the costs that the group expects to </span><span style=\"display:inherit;clear:left;\">incur for the decommissioning and removal of the asset </span><span style=\"display:inherit;clear:left;\">as well as the eventual reclamation of the site (i.e. the </span><span style=\"display:inherit;clear:left;\">costs to restore the asset to its contractual condition). </span><span style=\"display:inherit;clear:left;\">After the initial recognition, the right<span class=\"_ _c\"></span>-of-use asset is </span><span style=\"display:inherit;clear:left;\">adjusted to take account of:</span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span> depreciation and amortisation expense;</span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>the related effects and any restatements of the </span><span style=\"display:inherit;clear:left;\">financial lease liability and </span><span style=\"display:inherit;clear:left;\">(iii) the related effects and any restatements of the </span><span style=\"display:inherit;clear:left;\">financial lease liability.</span><span style=\"display:inherit;clear:left;\">Depreciation of property<span class=\"_ _1\"></span>, plant and equipment  </span><span style=\"display:inherit;clear:left;\">Starting when the asset is available and ready for use, owned and leased property, plant and equipment is systematically </span><span style=\"display:inherit;clear:left;\">depreciated on a straight<span class=\"_ _c\"></span>-line basis over its useful life, defined as the period of time in which it is expected that the </span><span style=\"display:inherit;clear:left;\">company may use the asset. The amount to be depreciated is the book value, reduced by the projected net realisable value </span><span style=\"display:inherit;clear:left;\">at the end of the asset\u2019s useful life, if this is significant and can be reasonably determined.</span><span style=\"display:inherit;clear:left;\">The table below shows the annual depreciation rates used for the year in question, broken down into homogeneous </span><span style=\"display:inherit;clear:left;\">5</span><span style=\"display:inherit;clear:left;\">categories, together with the relevant period of application</span><span style=\"display:inherit;clear:left;\">: </span><span style=\"display:inherit;clear:left;position:relative;height:737.630859375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 444.625px; top: 0.0078125px; width: 280.535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Annual economic</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-technic</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">al depreciation rat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e (%) </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 38.4824px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Land</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 604.867px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">not depreciated</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 63.9512px; width: 718.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Buildings</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 405.862px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2 or higher depending on the residual useful life</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 89.4043px; width: 208.746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Plant and machinery \u2013 Transportation</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 114.873px; width: 718.939px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Gas pipelines </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 377.197px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2 or higher depending on the residual useful life</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 140.342px; width: 718.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Compression plants</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 344.103px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5 or higher depending on the residual useful life</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 165.795px; width: 718.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Gas reduction and regulation plants</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 257.344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5 or higher depending on the residual useful life</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 191.264px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Radio links</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 640.47px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">25</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 216.732px; width: 718.992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Monitoring and control instruments and syst</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ems</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.219px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10 or higher depending on the residual useful life</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 242.186px; width: 168.732px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Plant and machinery \u2013 Storage</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 267.654px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Pipelines</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 656.456px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 293.123px; width: 719.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">reatment plants </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 609.311px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 318.592px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Compression stations</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 588.461px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 344.045px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Storage wells</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 615.803px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.66</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 369.514px; width: 718.992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Monitoring and control instruments and syst</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ems</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.219px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10 or higher depending on the residual useful life</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 394.982px; width: 201.568px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Plant and machinery \u2013 regasification</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 420.436px; width: 718.887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Regasification plants </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 335.103px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4 or higher depending on the residual useful life</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 445.904px; width: 719.32px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">anks and oil pipelines</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 329.818px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4 or higher depending on the residual useful life</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 471.373px; width: 235.682px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Plant and machinery - Biogas/Biomethane </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 496.826px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Biogas/biomethane plants</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 324.334px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6-7 or depending on the remaining useful life</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 522.295px; width: 213.627px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Plant and machinery - Energy efficienc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 547.764px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Energy efficiency plants</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 558.739px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7-10</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 573.232px; width: 70.5996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other assets</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 598.686px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Centralised IT infrastructures</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 546.54px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 624.154px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other plant and equipment</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 526.894px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2.5-12.5</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 649.623px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Measuring equipment</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 575.614px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5-10</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 675.076px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Industrial and Commercial Equipment</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 483.956px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10-35</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 700.545px; width: 718.922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 391.331px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10-33 or depending on the remaining useful life</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 726.014px; width: 391.945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rights of use for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 223.295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 391.945px; top: 726.014px; width: 326.953px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">&lt; between the economic</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-technical life and contract duration</span></span></span><span style=\"display:inherit;clear:left;\">When an item recorded under property, plant and equipment consists of several significant components with different </span><span style=\"display:inherit;clear:left;\">useful lives, a component approach is adopted, whereby each individual component depreciates separately.</span><span style=\"display:inherit;clear:left;\">5 <span class=\"_ _80\"> </span>The application rate or internal could be higher depending on the residual life following business combination acquisitions and/or transactions.</span><span style=\"display:inherit;clear:left;\">5.3 <span class=\"_ _3c\"> </span>Intangible assets and goodwill</span><span style=\"display:inherit;clear:left;\">Recognition and measurement of intangible assets and goodwill</span><span style=\"display:inherit;clear:left;\">Intangible assets are those non monetary assets without identifiable physical form, are controlled by the group and are </span><span style=\"display:inherit;clear:left;\">capable of generating future economic benefits. They are recognised at cost net of amortisation and any accumulated </span><span style=\"display:inherit;clear:left;\">impairment losses.</span><span style=\"display:inherit;clear:left;\">Goodwill arising from the acquisition of subsidiaries is measured at cost less impairment losses.</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>echnical development costs are capitalised as intangible assets when: (i) the cost attributable to the intangible asset can </span><span style=\"display:inherit;clear:left;\">be reliably determined; (ii) there is an intention, the availability of financial resources and the technical ability to make the </span><span style=\"display:inherit;clear:left;\">asset available for use or sale; and (iii) it can be shown that the asset is capable of producing future economic benefits.</span><span style=\"display:inherit;clear:left;\">Alternatively, costs for the acquisition of new knowledge or discoveries, investigations into products or alternative </span><span style=\"display:inherit;clear:left;\">processes, new techniques or models, or the design and construction of prototypes, or incurred for other scientific </span><span style=\"display:inherit;clear:left;\">research or technological developments, whichdo not meet the conditions for capitalisation are considered current costs </span><span style=\"display:inherit;clear:left;\">and charged to the income statement for the period in which they are incurred.</span><span style=\"display:inherit;clear:left;\">The book value of the storage concessions represents the reserves of natural gas in the fields (so-called cushion gas), </span><span style=\"display:inherit;clear:left;\">which does not undergo depreciation, as: </span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span>the volume of this gas is not changed by the storage activity; </span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>the economic value of the gas that can be recovered at the end of the concession, in accordance with the provisions of </span><span style=\"display:inherit;clear:left;\">the Ministerial Decree of 3 November 2005 \u201cCriteria for determining an adequate consideration for the remuneration </span><span style=\"display:inherit;clear:left;\">of assets allocated to a concessionaire for the storage of natural gas\u201d of the Ministry of Productive Activities (MAP), is </span><span style=\"display:inherit;clear:left;\">not less than the value recorded in the financial statements.</span><span style=\"display:inherit;clear:left;\">Amortisation of intangible assets with a finite useful life </span><span style=\"display:inherit;clear:left;\">Intangible assets with a finite useful life are amortised systematically over their useful life, which is understood to be the </span><span style=\"display:inherit;clear:left;\">period of time in which it is expected that the company may use the asset.</span><span style=\"display:inherit;clear:left;\">The table below shows the annual depreciation rates used for the year in question, broken down into homogeneous </span><span style=\"display:inherit;clear:left;\">categories, together with the relevant period of application: </span><span style=\"display:inherit;clear:left;position:relative;height:91.130859375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 443.703px; top: 0.0078125px; width: 280.535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Annual economic</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-technic</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">al depreciation rat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e (%) </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 719.279px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Storage concessions</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 251.49px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">not depreciated: the residual value is greater than the book value</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Information systems</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 573.919px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">20-33</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.869px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other intangible assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 328.19px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">20 or depending on the duration of the contract</span></span></span></span><span style=\"display:inherit;clear:left;\">5.4 <span class=\"_ _3c\"> </span>Public and private grants</span><span style=\"display:inherit;clear:left;\">Capital grants given by public authorities are recognised when there is reasonable certainty that the conditions </span><span style=\"display:inherit;clear:left;\">imposed by the granting government agencies for their allocation will be met, and they are recognised as a reduction </span><span style=\"display:inherit;clear:left;\">to the purchase or production cost of their related assets. Similarly, capital grants received from private entities are </span><span style=\"display:inherit;clear:left;\">recognised in accordance with the same regulatory provisions.</span><span style=\"display:inherit;clear:left;\">Operating grants are recognised in the income statement on an accruals basis, consistent with the relative costs </span><span style=\"display:inherit;clear:left;\">incurred.</span><span style=\"display:inherit;clear:left;\">5.5 <span class=\"_ _3c\"> </span>Impairment of non-financial assets </span><span style=\"display:inherit;clear:left;\">Impairment of property<span class=\"_ _1\"></span>, plant and equipment and </span><span style=\"display:inherit;clear:left;\">intangible assets with a finite useful life</span><span style=\"display:inherit;clear:left;\">At least once a year<span class=\"_ _1\"></span>, non-financial, tangible and intangible </span><span style=\"display:inherit;clear:left;\">assets with a finite useful life are analysed to uncover any </span><span style=\"display:inherit;clear:left;\">indicators of impairment. </span><span style=\"display:inherit;clear:left;\">When there are indications that an impairment loss may </span><span style=\"display:inherit;clear:left;\">exist or when events occur leading to the assumption of </span><span style=\"display:inherit;clear:left;\">impairment of property, plant and equipment or intangible </span><span style=\"display:inherit;clear:left;\">assets with a finite useful life, their recoverability is </span><span style=\"display:inherit;clear:left;\">tested by comparing the book value with the related </span><span style=\"display:inherit;clear:left;\">recoverable value, which is the fair value, net of disposal </span><span style=\"display:inherit;clear:left;\">costs(see paragraph 5.8 \u201cSignificant accounting policies - </span><span style=\"display:inherit;clear:left;\">Measurement at fair value\u201d), or the value in use, whichever </span><span style=\"display:inherit;clear:left;\">is greater<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">The valuation is made on a per-asset basis or for the </span><span style=\"display:inherit;clear:left;\">smallest identifiable set of assets that, through ongoing </span><span style=\"display:inherit;clear:left;\">use, generates cash inflows largely independent of those </span><span style=\"display:inherit;clear:left;\">of other assets or groups of assets (Cash Generating Unit - </span><span style=\"display:inherit;clear:left;\">CGU). </span><span style=\"display:inherit;clear:left;\">The recoverable amount, in the value in use configuration, </span><span style=\"display:inherit;clear:left;\">is determined by discounting projected cash flows resulting </span><span style=\"display:inherit;clear:left;\">from the use of the asset and, if they are significant and can </span><span style=\"display:inherit;clear:left;\">be reasonably determined, from its sale at the end of its </span><span style=\"display:inherit;clear:left;\">useful life, net of any disposal costs.</span><span style=\"display:inherit;clear:left;\">This methodology is applied for the Biomethane Agri, </span><span style=\"display:inherit;clear:left;\">Biomethane Waste, Greenture and IT<span class=\"_ _c\"></span>G CGUs, as well as for </span><span style=\"display:inherit;clear:left;\">the Energy Efficiency CGU grouping.</span><span style=\"display:inherit;clear:left;\">With reference to the T<span class=\"_ _c\"></span>ransportation (Snam Rete Gas), </span><span style=\"display:inherit;clear:left;\">Regasification (Snam FSRU Piombino and LNG) and Storage </span><span style=\"display:inherit;clear:left;\">(Stogit) CGUs, the recoverable value was defined as </span><span style=\"display:inherit;clear:left;\">corresponding to the estimated value of the Net Invested </span><span style=\"display:inherit;clear:left;\">Capital recognised to these assets, for tariff purposes </span><span style=\"display:inherit;clear:left;\">(R<span class=\"_ _0\"></span>AB - Regulatory A<span class=\"_ _0\"></span>sset Base) by ARERA<span class=\"_ _0\"></span>, the energy </span><span style=\"display:inherit;clear:left;\">6</span><span style=\"display:inherit;clear:left;\">regulator<span class=\"_ _1\"></span>, net of the lump-sum components</span><span style=\"display:inherit;clear:left;\">, the Employee </span><span style=\"display:inherit;clear:left;\">Severance Indemnity (TFR) and contributions received.</span><span style=\"display:inherit;clear:left;\">Expected cash flows are determined on the basis of </span><span style=\"display:inherit;clear:left;\">reasonable and documentable assumptions representing </span><span style=\"display:inherit;clear:left;\">the best estimate of the future economic conditions of </span><span style=\"display:inherit;clear:left;\">the business or group of businesses, with greater weight </span><span style=\"display:inherit;clear:left;\">given to external indications. Discounting is done at a rate </span><span style=\"display:inherit;clear:left;\">reflecting current market conditions for the time value of </span><span style=\"display:inherit;clear:left;\">money and specific risks of the asset not reflected in the </span><span style=\"display:inherit;clear:left;\">estimated cash flows. </span><span style=\"display:inherit;clear:left;\">If the book value of the asset or CGU is greater than its </span><span style=\"display:inherit;clear:left;\">recoverable amount, an impairment loss is recognised in </span><span style=\"display:inherit;clear:left;\">6 <span class=\"_ _80\"> </span>The RAB is the basis for determining the ser<span class=\"_ _0\"></span>vice charges and, therefore, </span><span style=\"display:inherit;clear:left;\">the cash flows generated by the activities. The value of the RAB is </span><span style=\"display:inherit;clear:left;\">defined using the revalued historical cost method for Fixed Assets, </span><span style=\"display:inherit;clear:left;\">and on a lump-sum basis for Working Capital, employee severance </span><span style=\"display:inherit;clear:left;\">indemnity and, with reference to the storage sector<span class=\"_ _c\"></span>, the provision for </span><span style=\"display:inherit;clear:left;\">site decommissioning and restoration.</span><span style=\"display:inherit;clear:left;\">the income statement; a CGU\u2019s impairment losses are first </span><span style=\"display:inherit;clear:left;\">recognised as a reduction in the book value of any goodwill </span><span style=\"display:inherit;clear:left;\">(see next point \u201cImpairment of goodwill and intangible </span><span style=\"display:inherit;clear:left;\">assets not yet available for use\u201d) allocated to it and then </span><span style=\"display:inherit;clear:left;\">as a reduction in the book value of the other assets of the </span><span style=\"display:inherit;clear:left;\">CGU, in proportion to their respective book values. The </span><span style=\"display:inherit;clear:left;\">book value of each Cash Generating Unit (or grouping of </span><span style=\"display:inherit;clear:left;\">CGUs), consistently with the prevailing valuation practice, </span><span style=\"display:inherit;clear:left;\">is equal to the respective Net Invested Capital recorded at </span><span style=\"display:inherit;clear:left;\">the level of Snam\u2019s consolidated financial statements at the </span><span style=\"display:inherit;clear:left;\">reference date for carrying out the impairment test<span class=\"_ _0\"></span>.</span><span style=\"display:inherit;clear:left;\">If the conditions for a previously effected impairment </span><span style=\"display:inherit;clear:left;\">no longer apply, the book value of the asset (except </span><span style=\"display:inherit;clear:left;\">for goodwill) is restored with recognition in the income </span><span style=\"display:inherit;clear:left;\">statement (recovery of value), within the limits of the net </span><span style=\"display:inherit;clear:left;\">book value that the asset in question would have had if </span><span style=\"display:inherit;clear:left;\">the impairment had not been carried out and any related </span><span style=\"display:inherit;clear:left;\">amortisation had been carried out.    </span><span style=\"display:inherit;clear:left;\">If certain specific assets owned by the Group are affected </span><span style=\"display:inherit;clear:left;\">by unfavourable conditions of an operational or economic </span><span style=\"display:inherit;clear:left;\">nature, such that their ability to contribute to the </span><span style=\"display:inherit;clear:left;\">realisation of cash flows is impaired, they may be subject </span><span style=\"display:inherit;clear:left;\">to an independent recoverability analysis and, if necessary, </span><span style=\"display:inherit;clear:left;\">written down.</span><span style=\"display:inherit;clear:left;\">Impairment of goodwill and intangible assets not yet </span><span style=\"display:inherit;clear:left;\">available for use</span><span style=\"display:inherit;clear:left;\">The recoverability of the book value of goodwill and </span><span style=\"display:inherit;clear:left;\">intangible assets not yet available for use is tested at least </span><span style=\"display:inherit;clear:left;\">annually, and in any case when events occur leading to an </span><span style=\"display:inherit;clear:left;\">assumption of impairment.</span><span style=\"display:inherit;clear:left;\">Pursuant to the provisions of IFRS 3, in the context of </span><span style=\"display:inherit;clear:left;\">business combinations, the acquirer<span class=\"_ _1\"></span>, at the acquisition date, </span><span style=\"display:inherit;clear:left;\">recognises all assets, liabilities and identifiable contingent </span><span style=\"display:inherit;clear:left;\">liabilities under the acquisition at their fair values and any </span><span style=\"display:inherit;clear:left;\">residual difference with respect to the acquisition cost, </span><span style=\"display:inherit;clear:left;\">if positive, is recognised under Goodwill; if negative, it is </span><span style=\"display:inherit;clear:left;\">recognised in the income statement.</span><span style=\"display:inherit;clear:left;\">For the purpose of impairment testing, goodwill is </span><span style=\"display:inherit;clear:left;\">allocated, as of the acquisition date, to each Cash </span><span style=\"display:inherit;clear:left;\">Generating Unit, or grouping of CGUs, that is expected to </span><span style=\"display:inherit;clear:left;\">benefit from the synergies of the combination. </span><span style=\"display:inherit;clear:left;\">After its initial recognition, goodwill is not amortised but </span><span style=\"display:inherit;clear:left;\">is instead subject to a recoverability test at least annually </span><span style=\"display:inherit;clear:left;\">by determining the recoverable value of the CGU or group </span><span style=\"display:inherit;clear:left;\">of CGUs to which it is allocated (following the procedures </span><span style=\"display:inherit;clear:left;\">described in the note \u201cImpairment of tangible and </span><span style=\"display:inherit;clear:left;\">intangible assets of finite useful life\u201d); this is then compared </span><span style=\"display:inherit;clear:left;\">to the book value of the CGU itself (or group of CGUs<span class=\"_ _c\"></span>). The </span><span style=\"display:inherit;clear:left;\">book value of each Cash Generating Unit (or grouping of </span><span style=\"display:inherit;clear:left;\">CGUs), consistently with the prevailing valuation practice, </span><span style=\"display:inherit;clear:left;\">is equal to the respective Net Invested Capital recorded at </span><span style=\"display:inherit;clear:left;\">the level of Snam\u2019s consolidated financial statements at the </span><span style=\"display:inherit;clear:left;\">reference date for carrying out the impairment test<span class=\"_ _0\"></span>.</span><span style=\"display:inherit;clear:left;\">When the book value of the CGU (or group of CGUs<span class=\"_ _c\"></span>), </span><span style=\"display:inherit;clear:left;\">including the goodwill attributed to it, exceeds the </span><span style=\"display:inherit;clear:left;\">recoverable value, the difference is subject to impairment, </span><span style=\"display:inherit;clear:left;\">which is attributed by priority to the goodwill up to its </span><span style=\"display:inherit;clear:left;\">amount; any surplus in the impairment with respect to the </span><span style=\"display:inherit;clear:left;\">goodwill is attributed pro rata to the book value of the </span><span style=\"display:inherit;clear:left;\">assets constituting the CGU (or group of CGUs<span class=\"_ _c\"></span>). Goodwill </span><span style=\"display:inherit;clear:left;\">write-downs are not reversed, even if the reasons for the </span><span style=\"display:inherit;clear:left;\">write-down no longer apply in subsequent years.</span><span style=\"display:inherit;clear:left;\">Reduction in value of equity investments</span><span style=\"display:inherit;clear:left;\">In the presence of indications of impairment, or when </span><span style=\"display:inherit;clear:left;\">events occur that lead to a presumed reduction in the </span><span style=\"display:inherit;clear:left;\">value of investments, their recoverability is verified by </span><span style=\"display:inherit;clear:left;\">comparing the book value with the relative recoverable </span><span style=\"display:inherit;clear:left;\">value, represented by the greater of the fair value, net of </span><span style=\"display:inherit;clear:left;\">disposal costs (see section 5.8 'F<span class=\"_ _c\"></span>air Value Measurements<span class=\"_ _c\"></span>'), </span><span style=\"display:inherit;clear:left;\">and the value in use, determined through the application </span><span style=\"display:inherit;clear:left;\">of the Dividend Discount Model (DDM) or the Discounted </span><span style=\"display:inherit;clear:left;\">7</span><span style=\"display:inherit;clear:left;\">Cash Flow</span><span style=\"display:inherit;clear:left;\"> (DCF) method (the present value of expected </span><span style=\"display:inherit;clear:left;\">cash flows is determined as indicated in the previous </span><span style=\"display:inherit;clear:left;\">section 'Impairment of property, plant and equipment and </span><span style=\"display:inherit;clear:left;\">intangible assets with a finite useful life'). The application </span><span style=\"display:inherit;clear:left;\">of the Dividend Discount Model (DDM) provides that the </span><span style=\"display:inherit;clear:left;\">recoverable value, in the configuration of the value in </span><span style=\"display:inherit;clear:left;\">use, is determined by discounting the expected dividend </span><span style=\"display:inherit;clear:left;\">flows on the basis of the forecast plans of the investee </span><span style=\"display:inherit;clear:left;\">companies drawn up according to reasonable and </span><span style=\"display:inherit;clear:left;\">documentable assumptions, discounted at the cost of the </span><span style=\"display:inherit;clear:left;\">capital (Ke) which includes an<span class=\"_ _c\"></span>y specific risks not reflected </span><span style=\"display:inherit;clear:left;\">in the estimated cash flows.</span><span style=\"display:inherit;clear:left;\">5.6 Inventories</span><span style=\"display:inherit;clear:left;\">Inventories, including compulsory inventories, are </span><span style=\"display:inherit;clear:left;\">recorded at the lower of purchase or production cost and </span><span style=\"display:inherit;clear:left;\">net realizable value, which is the amount that the entity </span><span style=\"display:inherit;clear:left;\">expects to receive from their sale in the normal course of </span><span style=\"display:inherit;clear:left;\">business, net of the estimated costs for the completion </span><span style=\"display:inherit;clear:left;\">and the realisation of the sale.</span><span style=\"display:inherit;clear:left;\">The cost of natural gas inventories is determined using </span><span style=\"display:inherit;clear:left;\">the weighted average cost method.</span><span style=\"display:inherit;clear:left;\">7 <span class=\"_ _80\"> </span>If the Discounted Cash Flow (DCF) method is used, the results are </span><span style=\"display:inherit;clear:left;\">adjusted for the respective net financial positions.</span><span style=\"display:inherit;clear:left;\">It should be noted that any transactions involving strategic </span><span style=\"display:inherit;clear:left;\">gas, which are subject to prior authorisation by the Italian </span><span style=\"display:inherit;clear:left;\">Ministry of Enterprises and Made in Italy (MiMIT<span class=\"_ _0\"></span>), entail </span><span style=\"display:inherit;clear:left;\">a withdrawal and subsequent replenishment of the </span><span style=\"display:inherit;clear:left;\">quantities of gas from the strategic reserve, not resulting in </span><span style=\"display:inherit;clear:left;\">8</span><span style=\"display:inherit;clear:left;\">any movement of the stock</span><span style=\"display:inherit;clear:left;\">.  </span><span style=\"display:inherit;clear:left;\">5.7 <span class=\"_ _3c\"> </span>Financial instruments</span><span style=\"display:inherit;clear:left;\">Non-derivative financial assets -  </span><span style=\"display:inherit;clear:left;\">cash and cash equivalents</span><span style=\"display:inherit;clear:left;\">Cash and cash equivalents include cash amounts, on </span><span style=\"display:inherit;clear:left;\">demand deposits, and other short<span class=\"_ _c\"></span>-term financial assets </span><span style=\"display:inherit;clear:left;\">with a term of less than three months, which are readily </span><span style=\"display:inherit;clear:left;\">convertible into cash and for which the risk of a change </span><span style=\"display:inherit;clear:left;\">in value is negligible. They are recorded at nominal value, </span><span style=\"display:inherit;clear:left;\">corresponding to the fair value.</span><span style=\"display:inherit;clear:left;\">Non-derivative financial assets -  </span><span style=\"display:inherit;clear:left;\">receivables and debt securities</span><span style=\"display:inherit;clear:left;\">Debt securities held by the group consist mainly of trade </span><span style=\"display:inherit;clear:left;\">receivables, financial receivables and other receivables.</span><span style=\"display:inherit;clear:left;\">Initial recognition is at fair value, except for trade </span><span style=\"display:inherit;clear:left;\">receivables without a significant</span><span style=\"display:inherit;clear:left;\">financial component, the initial recognition value of which </span><span style=\"display:inherit;clear:left;\">is the transaction price as defined by IFRS 15.</span><span style=\"display:inherit;clear:left;\">Subsequent to initial recognition, financial assets </span><span style=\"display:inherit;clear:left;\">represented by debt securities are measured on the basis </span><span style=\"display:inherit;clear:left;\">of both the following: </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the business model identified for the management of </span><span style=\"display:inherit;clear:left;\">financial assets (so-called \u201cBusiness Model\u201d);</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the characteristics relating to the contractual cash </span><span style=\"display:inherit;clear:left;\">foows of the financial asset, i.e., whether the cash </span><span style=\"display:inherit;clear:left;\">flows generated by the financial asset consist solely of </span><span style=\"display:inherit;clear:left;\">principal payments and accrued interest on the amount </span><span style=\"display:inherit;clear:left;\">of principal to be repaid (so-called \u201cSolely Payments of </span><span style=\"display:inherit;clear:left;\">Principal and Interest\u201d or SPPI).  </span><span style=\"display:inherit;clear:left;\">Debt securities represented by trade and financial </span><span style=\"display:inherit;clear:left;\">receivables are held for the purpose of collecting their </span><span style=\"display:inherit;clear:left;\">contractual cash flows (so-called \u201cHold T<span class=\"_ _1\"></span>o Collect Business<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">Model\u201d). Therefore, if<span class=\"_ _c\"></span>, on the basis of the type of instrument </span><span style=\"display:inherit;clear:left;\">and contractual characteristics, these financial assets </span><span style=\"display:inherit;clear:left;\">generate contractual cash flows representing only principal </span><span style=\"display:inherit;clear:left;\">and interest payments, they are subsequently measured at </span><span style=\"display:inherit;clear:left;\">amortised cost. Instead, financial assets whose cash flows do </span><span style=\"display:inherit;clear:left;\">not meet SPPI requirements are classified and measured at </span><span style=\"display:inherit;clear:left;\">fair value through profit or loss (so-called FV<span class=\"_ _0\"></span>TPL). </span><span style=\"display:inherit;clear:left;\">8 <span class=\"_ _80\"> </span>Or the risk, the timing or the amount of the future cash flows of the </span><span style=\"display:inherit;clear:left;\">entity are not intended to change following these transactions (IFRS </span><span style=\"display:inherit;clear:left;\">15.9d)</span><span style=\"display:inherit;clear:left;\">In contrast, receivables from invoice rebates to customers </span><span style=\"display:inherit;clear:left;\">in the energy efficiency business (so-called \"Ecobonus\" </span><span style=\"display:inherit;clear:left;\">and \"Superbonus\" credits<span class=\"_ _c\"></span>) - and which are converted into </span><span style=\"display:inherit;clear:left;\">tax credits - if held with the objective of realizing cash </span><span style=\"display:inherit;clear:left;\">flows through sale (so-called \"Other\" Business Model) are </span><span style=\"display:inherit;clear:left;\">measured at fair value with the effects recognised in profit </span><span style=\"display:inherit;clear:left;\">or loss (so-called FV<span class=\"_ _0\"></span>TPL).</span><span style=\"display:inherit;clear:left;\">The rationale behind the determination of fair value is </span><span style=\"display:inherit;clear:left;\">explained in Note 5.8 \"Significant accounting policies\" - \"F<span class=\"_ _1\"></span>air </span><span style=\"display:inherit;clear:left;\">value measurement,\" respectively.</span><span style=\"display:inherit;clear:left;\">According to the amortised cost method the initial </span><span style=\"display:inherit;clear:left;\">book value is then adjusted to account for repayments </span><span style=\"display:inherit;clear:left;\">of principal, any impairments for credit losses and the </span><span style=\"display:inherit;clear:left;\">amortisation of the difference between the repayment </span><span style=\"display:inherit;clear:left;\">amount and the initial book value.</span><span style=\"display:inherit;clear:left;\">Amortisation is carried out using the effective internal </span><span style=\"display:inherit;clear:left;\">interest rate, which represents the rate that would make </span><span style=\"display:inherit;clear:left;\">the present value of projected cash flows and the initial </span><span style=\"display:inherit;clear:left;\">recognition value equal at the time of the initial recording.</span><span style=\"display:inherit;clear:left;\">Financial assets measured at amortised cost are presented </span><span style=\"display:inherit;clear:left;\">in the statement of financial position net of the related </span><span style=\"display:inherit;clear:left;\">provision for impairment.</span><span style=\"display:inherit;clear:left;\">In order to measure expected losses (so-called \u201cExpected </span><span style=\"display:inherit;clear:left;\">Credit Losses\u201d or \u201cECL<span class=\"_ _11\"></span>\u201d), trade receivables are measured </span><span style=\"display:inherit;clear:left;\">using the so-called \"simplified approach\" provided for by </span><span style=\"display:inherit;clear:left;\">IFRS 9, or - due to the absence of a significant financial </span><span style=\"display:inherit;clear:left;\">component - by estimating expected losses over the life of </span><span style=\"display:inherit;clear:left;\">the receivable (so-called 'ECL lifetime<span class=\"_ _c\"></span>'). </span><span style=\"display:inherit;clear:left;\">The assessment of the recoverability of trade receivables is </span><span style=\"display:inherit;clear:left;\">made on both an individual and collective basis depending </span><span style=\"display:inherit;clear:left;\">on the type of asset and counterparty and also whether </span><span style=\"display:inherit;clear:left;\">there is reasonable and demonstrable information available </span><span style=\"display:inherit;clear:left;\">to make an assessment at the individual instrument level.</span><span style=\"display:inherit;clear:left;\">In particular<span class=\"_ _1\"></span>, for trade receivables arising from regulated </span><span style=\"display:inherit;clear:left;\">activities - which represent the main part of trade </span><span style=\"display:inherit;clear:left;\">receivables - the measurement of expected losses enhances </span><span style=\"display:inherit;clear:left;\">the hedging and guarantee mechanisms established by the </span><span style=\"display:inherit;clear:left;\">Authority, the Codes, and existing contractual agreements </span><span style=\"display:inherit;clear:left;\">that are capable of significantly reducing the risks arising </span><span style=\"display:inherit;clear:left;\">from possible customer default. For more details, see Note </span><span style=\"display:inherit;clear:left;\">27.3 'Financial Risk Management' - 'Credit Risk'.</span><span style=\"display:inherit;clear:left;\">For trade receivables related to unregulated activities, the </span><span style=\"display:inherit;clear:left;\">group applies a specific definition of default, determined </span><span style=\"display:inherit;clear:left;\">by taking into account the characteristics of the operating </span><span style=\"display:inherit;clear:left;\">segments to which the subsidiaries belong as well as </span><span style=\"display:inherit;clear:left;\">the riskiness of the receivables and customers being </span><span style=\"display:inherit;clear:left;\">assessed. Therefore, beyond the time limit of default, </span><span style=\"display:inherit;clear:left;\">trade receivables are assumed to be impaired (i.e. credit<span class=\"_ _c\"></span>-</span><span style=\"display:inherit;clear:left;\">impaired).</span><span style=\"display:inherit;clear:left;\">In particular<span class=\"_ _1\"></span>, expected losses are generally determined on </span><span style=\"display:inherit;clear:left;\">the basis of the product between: </span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span>the amount of exposure to the counterparty at the time </span><span style=\"display:inherit;clear:left;\">of default (so-called 'Exposure At Default' or \u2018EAD\u2019);</span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>the probability that the counterparty will default on its </span><span style=\"display:inherit;clear:left;\">payment obligations (so-called \u2018Probability of Default\u2019 </span><span style=\"display:inherit;clear:left;\">or \u2018PD\u2019); </span><span style=\"display:inherit;clear:left;\">(iii) the estimate, in percentage terms, of the amount of </span><span style=\"display:inherit;clear:left;\">credit that will not be recovered in the event of default </span><span style=\"display:inherit;clear:left;\">(so-called \u2018Loss Given Default\u2019 or \u2018L<span class=\"_ _c\"></span>GD\u2019).</span><span style=\"display:inherit;clear:left;\">With regard to the ECL parameters listed above, the group </span><span style=\"display:inherit;clear:left;\">considers the following assumptions:</span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span>PD is determined according to the type of counterparty </span><span style=\"display:inherit;clear:left;\">on the basis of:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>qualified external providers (e.g. for listed </span><span style=\"display:inherit;clear:left;\">companies);</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>regional ratings (e.g. for public administration) by </span><span style=\"display:inherit;clear:left;\">leading rating agencies;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>average default rate calculated for groups of </span><span style=\"display:inherit;clear:left;\">customers broken down by common credit risk </span><span style=\"display:inherit;clear:left;\">(so-called 'cluster') considering historical data over a </span><span style=\"display:inherit;clear:left;\">period of at least 24 months; </span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>(ii) <span class=\"_ _3c\"> </span>the L<span class=\"_ _c\"></span>GD is obtained on the basis of market </span><span style=\"display:inherit;clear:left;\">standards that assess the recovery rate of the exposure </span><span style=\"display:inherit;clear:left;\">depending on the region and sector of the counterparty </span><span style=\"display:inherit;clear:left;\">(e.g. corporate, government and retail);</span><span style=\"display:inherit;clear:left;\">(iii) the E<span class=\"_ _0\"></span>AD is determined to be equal to the face value </span><span style=\"display:inherit;clear:left;\">of the claim at the valuation date, less any related </span><span style=\"display:inherit;clear:left;\">mitigating factor<span class=\"_ _1\"></span>, including any amounts pledged as </span><span style=\"display:inherit;clear:left;\">collateral.</span><span style=\"display:inherit;clear:left;\">In the case of credit exposures in litigation and where </span><span style=\"display:inherit;clear:left;\">detailed information is available on the recoverability of the </span><span style=\"display:inherit;clear:left;\">exposure, analytical assessments are performed in order </span><span style=\"display:inherit;clear:left;\">to better reflect the actual riskiness of the position in the </span><span style=\"display:inherit;clear:left;\">determination of expected losses. The exposures for which </span><span style=\"display:inherit;clear:left;\">credit recovery actions have been activated through legal/ </span><span style=\"display:inherit;clear:left;\">court proceedings are defined as litigation.</span><span style=\"display:inherit;clear:left;\">Impairment of trade receivable and other receivables is </span><span style=\"display:inherit;clear:left;\">recognised in the income statement, net of any write-backs, </span><span style=\"display:inherit;clear:left;\">under the item \u201cOther operating expenses\u201d.</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>ransferred financial assets are derecognised from the </span><span style=\"display:inherit;clear:left;\">balance sheet assets when the contractual rights to obtain </span><span style=\"display:inherit;clear:left;\">the cash flows associated with the financial instrument </span><span style=\"display:inherit;clear:left;\">expire, or all risks and rewards associated with the </span><span style=\"display:inherit;clear:left;\">transferred receivable are transferred to a third party in </span><span style=\"display:inherit;clear:left;\">accordance with the guidance on derecognition of financial </span><span style=\"display:inherit;clear:left;\">assets set forth in IFRS 9.</span><span style=\"display:inherit;clear:left;\">Non-derivative financial assets - <span class=\"ls1\"> </span></span><span style=\"display:inherit;clear:left;\">minority investments</span><span style=\"display:inherit;clear:left;\">Financial assets representing minority investments, as </span><span style=\"display:inherit;clear:left;\">they are not held for trading purposes, are measured </span><span style=\"display:inherit;clear:left;\">at fair value alternatively with recognition of the </span><span style=\"display:inherit;clear:left;\">effects: (i) in the income statement (so-called fair value </span><span style=\"display:inherit;clear:left;\">measurement recognized in the income statement or </span><span style=\"display:inherit;clear:left;\">FV<span class=\"_ _0\"></span>TPL) or in the equity reser<span class=\"_ _0\"></span>ve that holds the other </span><span style=\"display:inherit;clear:left;\">components of comprehensive income, without provision </span><span style=\"display:inherit;clear:left;\">for their reclassification to the income statement in the </span><span style=\"display:inherit;clear:left;\">event of realization (so-called fair value measurement </span><span style=\"display:inherit;clear:left;\">recognized in the statement of comprehensive income or </span><span style=\"display:inherit;clear:left;\">FV<span class=\"_ _0\"></span>TOCI).</span><span style=\"display:inherit;clear:left;\">This classification can be made on a security-by-security </span><span style=\"display:inherit;clear:left;\">basis, only upon initial recognition, and is irrevocable.</span><span style=\"display:inherit;clear:left;\">Dividends, from profits or profit reserves, from these </span><span style=\"display:inherit;clear:left;\">equity investments are recognised in the income </span><span style=\"display:inherit;clear:left;\">statement under 'Income (expenses) from equity </span><span style=\"display:inherit;clear:left;\">investments'. Valuation at cost of a minority investment<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">is permitted in the limited cases where cost represents an </span><span style=\"display:inherit;clear:left;\">adequate estimate of fair value.</span><span style=\"display:inherit;clear:left;\">Financial liabilities</span><span style=\"display:inherit;clear:left;\">Financial liabilities, unlike derivative instruments, including </span><span style=\"display:inherit;clear:left;\">financial payables, trade payables and other payables, are </span><span style=\"display:inherit;clear:left;\">initially recorded at fair value less any transaction-related </span><span style=\"display:inherit;clear:left;\">costs; they are subsequently recognised at amortised cost </span><span style=\"display:inherit;clear:left;\">using the effective interest rate for discounting purposes, </span><span style=\"display:inherit;clear:left;\">as demonstrated in the previous point \"Non-derivative </span><span style=\"display:inherit;clear:left;\">financial assets - debt securities\u201d.</span><span style=\"display:inherit;clear:left;\">Financial liabilities are derecognized upon extinguishment </span><span style=\"display:inherit;clear:left;\">or upon fulfilment, cancellation or maturity of the </span><span style=\"display:inherit;clear:left;\">contractual obligation.</span><span style=\"display:inherit;clear:left;\">Offsetting of financial assets and liabilities</span><span style=\"display:inherit;clear:left;\">Financial assets and liabilities are offset in the statement </span><span style=\"display:inherit;clear:left;\">of financial position when there is a currently legally </span><span style=\"display:inherit;clear:left;\">enforceable right to set<span class=\"_ _c\"></span>-off and the intention either to </span><span style=\"display:inherit;clear:left;\">settle the relationship on a net basis (i.e. to realise the </span><span style=\"display:inherit;clear:left;\">asset and settle the liability simultaneously).</span><span style=\"display:inherit;clear:left;\">Financial derivatives and hedge accounting</span><span style=\"display:inherit;clear:left;\">Financial derivatives, including embedded derivatives, </span><span style=\"display:inherit;clear:left;\">are assets and liabilities recognised at fair value. Under </span><span style=\"display:inherit;clear:left;\">the scope of the strategy and objectives defined for </span><span style=\"display:inherit;clear:left;\">risk management, the qualification of transactions as </span><span style=\"display:inherit;clear:left;\">hedging requires: (i) the verification of the existence of </span><span style=\"display:inherit;clear:left;\">an economic relationship between the object hedged and </span><span style=\"display:inherit;clear:left;\">the hedging instrument for the purpose of offsetting the </span><span style=\"display:inherit;clear:left;\">changes in value and ensuring this offsetting capacity is </span><span style=\"display:inherit;clear:left;\">not invalidated by the level of counterparty credit risk; </span><span style=\"display:inherit;clear:left;\">(ii) the definition of a hedge ratio consistent with the </span><span style=\"display:inherit;clear:left;\">risk management objectives, under the scope of the risk </span><span style=\"display:inherit;clear:left;\">management strategy defined, where necessary activating </span><span style=\"display:inherit;clear:left;\">the appropriate rebalancing actions. The amendments </span><span style=\"display:inherit;clear:left;\">of the risk management objectives, the disappearance of </span><span style=\"display:inherit;clear:left;\">the conditions indicated previously for the qualification of </span><span style=\"display:inherit;clear:left;\">transactions as hedging or the activation of rebalancing </span><span style=\"display:inherit;clear:left;\">operations cause the total or partial prospective </span><span style=\"display:inherit;clear:left;\">discontinuation of the hedge.</span><span style=\"display:inherit;clear:left;\">In order to qualify a transaction as a hedge, at the start of </span><span style=\"display:inherit;clear:left;\">the hedge a formal document is prepared that illustrates </span><span style=\"display:inherit;clear:left;\">the strategies and objectives of the risk management and </span><span style=\"display:inherit;clear:left;\">identifies the hedging instrument, the instrument hedged, </span><span style=\"display:inherit;clear:left;\">the nature of the risk hedged and the methods through </span><span style=\"display:inherit;clear:left;\">which the evaluation of whether the hedge relationship </span><span style=\"display:inherit;clear:left;\">satisfies the hedge effectiveness requirements takes </span><span style=\"display:inherit;clear:left;\">place.</span><span style=\"display:inherit;clear:left;\">When hedging derivatives hedge the risk of changes in the </span><span style=\"display:inherit;clear:left;\">fair value of the hedged instruments (\u201cfair value hedge\u201d; </span><span style=\"display:inherit;clear:left;\">e.g. hedge of the risk of fluctuations in the fair value of </span><span style=\"display:inherit;clear:left;\">fixed-rate assets/liabilities), the derivatives are recognised<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">at fair value with attribution of the effects on the income </span><span style=\"display:inherit;clear:left;\">statement; by the same token, the hedged instruments </span><span style=\"display:inherit;clear:left;\">are adjusted to reflect in the income statement the </span><span style=\"display:inherit;clear:left;\">changes in fair value associated with the hedged risk, </span><span style=\"display:inherit;clear:left;\">regardless of the provision of a different valuation </span><span style=\"display:inherit;clear:left;\">criterion generally applicable to the instrument type.</span><span style=\"display:inherit;clear:left;\">The group subscribes to derivative instruments to cover </span><span style=\"display:inherit;clear:left;\">the risk of changes in cash flows (cash flow hedges) as </span><span style=\"display:inherit;clear:left;\">a result of fluctuations in interest rate or commodities </span><span style=\"display:inherit;clear:left;\">prices (hedge on commodity). Changes in the fair value </span><span style=\"display:inherit;clear:left;\">of hedging derivatives considered effective are initially </span><span style=\"display:inherit;clear:left;\">recognised in the shareholders\u2019 equity reserve relating </span><span style=\"display:inherit;clear:left;\">to other components in the comprehensive income </span><span style=\"display:inherit;clear:left;\">statement and are subsequently reclassified to profit </span><span style=\"display:inherit;clear:left;\">or loss in line with the economic effects produced by </span><span style=\"display:inherit;clear:left;\">the hedged transaction. In the case of hedging future </span><span style=\"display:inherit;clear:left;\">transactions that involve the recording of a non-financial </span><span style=\"display:inherit;clear:left;\">asset or liability, the cumulative variations of the fair value </span><span style=\"display:inherit;clear:left;\">of the hedge derivatives, recognised in shareholders\u2019 </span><span style=\"display:inherit;clear:left;\">equity, are recognised in the adjustment of the book </span><span style=\"display:inherit;clear:left;\">value of the non-financial asset/liability subject to hedging </span><span style=\"display:inherit;clear:left;\">(basis adjustment).</span><span style=\"display:inherit;clear:left;\">The ineffective portion of the hedge and the changes </span><span style=\"display:inherit;clear:left;\">in the fair value of derivatives that do not meet the </span><span style=\"display:inherit;clear:left;\">qualifying conditions for hedging are recognised in the </span><span style=\"display:inherit;clear:left;\">income statement.</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>reasury shares</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>reasur<span class=\"_ _0\"></span>y shares, including those held to service </span><span style=\"display:inherit;clear:left;\">share-based payment plans (share incentive plans), </span><span style=\"display:inherit;clear:left;\">are measured at cost and entered as a reduction of </span><span style=\"display:inherit;clear:left;\">shareholders\u2019 equity. The economic effects arising from </span><span style=\"display:inherit;clear:left;\">any subsequent sales are recognised in shareholders\u2019 </span><span style=\"display:inherit;clear:left;\">equity.</span><span style=\"display:inherit;clear:left;\">Distribution of dividends</span><span style=\"display:inherit;clear:left;\">The distribution of dividends to the Company\u2019s </span><span style=\"display:inherit;clear:left;\">shareholders entails the recording of a payable in the </span><span style=\"display:inherit;clear:left;\">financial statements for the period in which distribution </span><span style=\"display:inherit;clear:left;\">was approved by the Company\u2019s shareholders or<span class=\"_ _c\"></span>, in the </span><span style=\"display:inherit;clear:left;\">case of interim dividends, by the Board of Directors.</span><span style=\"display:inherit;clear:left;\">5.8 <span class=\"_ _3c\"> </span>Fair value measurement</span><span style=\"display:inherit;clear:left;\">The fair value is the amount that may be received for the </span><span style=\"display:inherit;clear:left;\">sale of an asset or that may be paid for the transfer of a </span><span style=\"display:inherit;clear:left;\">liability in a regular transaction between market operators </span><span style=\"display:inherit;clear:left;\">as at the valuation date (i.e. exit price).</span><span style=\"display:inherit;clear:left;\">The fair value of an asset or liability is determined by </span><span style=\"display:inherit;clear:left;\">adopting the valuations that market operators would </span><span style=\"display:inherit;clear:left;\">use to determine the price of the asset or liability. A fair </span><span style=\"display:inherit;clear:left;\">value measurement also assumes that the asset or liability </span><span style=\"display:inherit;clear:left;\">would be traded on the main market or<span class=\"_ _1\"></span>, failing that, on </span><span style=\"display:inherit;clear:left;\">the most advantageous market to which the Company has<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">access.</span><span style=\"display:inherit;clear:left;\">The fair value of a non-financial asset is determined by </span><span style=\"display:inherit;clear:left;\">considering the capacity of market operators to generate </span><span style=\"display:inherit;clear:left;\">economic benefits by putting the asset to its maximum </span><span style=\"display:inherit;clear:left;\">and best use or by selling it to another market participant </span><span style=\"display:inherit;clear:left;\">capable of using it in such a way as to maximise its value. </span><span style=\"display:inherit;clear:left;\">The maximum and best use of an asset is determined from </span><span style=\"display:inherit;clear:left;\">the perspective of market operators, also hypothesising<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">that the company intends to put it to a different use; the </span><span style=\"display:inherit;clear:left;\">current use by the company of a non-financial asset is </span><span style=\"display:inherit;clear:left;\">assumed to be the maximum and best use of this asset, </span><span style=\"display:inherit;clear:left;\">unless the market or other factors suggest that a different </span><span style=\"display:inherit;clear:left;\">use by market operators would maximise its value.</span><span style=\"display:inherit;clear:left;\">The fair-value measurement of a financial or nonfinancial<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">liability, or of an equity instrument, takes into account </span><span style=\"display:inherit;clear:left;\">the quoted price for the transfer of an identical or similar </span><span style=\"display:inherit;clear:left;\">liability or equity instrument; if this quoted price is not </span><span style=\"display:inherit;clear:left;\">available, the valuation of a corresponding asset held by </span><span style=\"display:inherit;clear:left;\">a market operator as at the valuation date is tak<span class=\"_ _c\"></span>en into </span><span style=\"display:inherit;clear:left;\">account. The fair value of financial instruments considers </span><span style=\"display:inherit;clear:left;\">the credit risk of the counterparty for financial assets </span><span style=\"display:inherit;clear:left;\">(through a \u201cCredit Valuation Adjustment\u201d - CV<span class=\"_ _1\"></span>A) and the </span><span style=\"display:inherit;clear:left;\">entity\u2019s own risk of default for financial liabilities (through </span><span style=\"display:inherit;clear:left;\">a \u201cDebit Valuation Adjustment\u201d - DV<span class=\"_ _1\"></span>A).</span><span style=\"display:inherit;clear:left;\">When determining fair value, a hierarchy is set out </span><span style=\"display:inherit;clear:left;\">consisting of criteria based on the origin, type and </span><span style=\"display:inherit;clear:left;\">quality of the information used in the calculation. This </span><span style=\"display:inherit;clear:left;\">classification aims to establish a hierarchy in terms of the </span><span style=\"display:inherit;clear:left;\">reliability of the fair value, giving precedence to the use </span><span style=\"display:inherit;clear:left;\">of parameters that can be observed on the market and </span><span style=\"display:inherit;clear:left;\">that reflect the assumptions that market participants </span><span style=\"display:inherit;clear:left;\">would use when valuing the asset/liability. The fair value </span><span style=\"display:inherit;clear:left;\">hierarchy includes the following levels:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">level 1: listed prices (unadjusted) in active markets for </span></span><span style=\"display:inherit;clear:left;\">identical assets or liabilities that the reporting entity has </span><span style=\"display:inherit;clear:left;\">the ability to access at the measurement date;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">level 2: inputs, other than the quoted prices included in </span></span><span style=\"display:inherit;clear:left;\">Level 1, that can be directly or indirectly observed for </span><span style=\"display:inherit;clear:left;\">the assets or liabilities to be valued;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">level 3: inputs for assets or liabilities that are not based </span></span><span style=\"display:inherit;clear:left;\">on observable market data.</span><span style=\"display:inherit;clear:left;\">In the absence of available market quotations, the </span><span style=\"display:inherit;clear:left;\">fair value is determined by using valuation techniques </span><span style=\"display:inherit;clear:left;\">suitable for each individual case that maximise the use of </span><span style=\"display:inherit;clear:left;\">significant observable inputs, whilst minimising the use of </span><span style=\"display:inherit;clear:left;\">non-observable inputs.</span><span style=\"display:inherit;clear:left;\">5.9 <span class=\"_ _3c\"> </span>Provision for risks and charges, </span><span style=\"display:inherit;clear:left;\">contingent liabilities and contingent </span><span style=\"display:inherit;clear:left;\">assets</span><span style=\"display:inherit;clear:left;\">Provisions for risks and charges concern costs and charges </span><span style=\"display:inherit;clear:left;\">of a certain nature which are certain or likely to be </span><span style=\"display:inherit;clear:left;\">incurred, but for which the amount or date of occurrence </span><span style=\"display:inherit;clear:left;\">cannot be determined at the end of the year<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">The provisions are recognised when: (i) the existence of </span><span style=\"display:inherit;clear:left;\">a current legal or implied obligation arising from a past </span><span style=\"display:inherit;clear:left;\">event is probable; (ii) it is probable that the fulfilment </span><span style=\"display:inherit;clear:left;\">of the obligation will involve a cost; (iii) the amount of </span><span style=\"display:inherit;clear:left;\">the obligation can be reliably determined. Provisions are </span><span style=\"display:inherit;clear:left;\">recognised at the value representing the best estimate </span><span style=\"display:inherit;clear:left;\">of the amount that the organisation would rationally pay </span><span style=\"display:inherit;clear:left;\">to settle the obligation or to transfer it to a third party </span><span style=\"display:inherit;clear:left;\">at the end of the reporting period; provisions relating to </span><span style=\"display:inherit;clear:left;\">onerous contracts are recognised at the lower of the cost </span><span style=\"display:inherit;clear:left;\">of fulfilling the obligation, net of the expected economic </span><span style=\"display:inherit;clear:left;\">benefits arising from the contract, and the cost of </span><span style=\"display:inherit;clear:left;\">terminating the contract.</span><span style=\"display:inherit;clear:left;\">When the financial impact of time is significant, and </span><span style=\"display:inherit;clear:left;\">the payment dates of the obligations can be reliably </span><span style=\"display:inherit;clear:left;\">estimated, the provision is calculated by discounting </span><span style=\"display:inherit;clear:left;\">the anticipated cash flows in consideration of the risks </span><span style=\"display:inherit;clear:left;\">associated with the obligation at the Company\u2019s average </span><span style=\"display:inherit;clear:left;\">debt rate; the increase in the provision due to the </span><span style=\"display:inherit;clear:left;\">passing of time is posted to the income statement under </span><span style=\"display:inherit;clear:left;\">\u201cFinancial income (expense)\u201d.</span><span style=\"display:inherit;clear:left;\">When the liability is related to items of property, plant and </span><span style=\"display:inherit;clear:left;\">equipment (e.g. decommissioning and site restoration), </span><span style=\"display:inherit;clear:left;\">the provision is recognised as a contra-entry to the related </span><span style=\"display:inherit;clear:left;\">asset, and charged to the income statement through </span><span style=\"display:inherit;clear:left;\">depreciation. </span><span style=\"display:inherit;clear:left;\">The costs that the company expects to incur to initiate </span><span style=\"display:inherit;clear:left;\">restructuring programmes are recognised in the period in </span><span style=\"display:inherit;clear:left;\">which the programme is formally defined, and the parties </span><span style=\"display:inherit;clear:left;\">concerned have a valid expectation that the restructuring </span><span style=\"display:inherit;clear:left;\">will take place.</span><span style=\"display:inherit;clear:left;\">Provisions are periodically updated to reflect changes in </span><span style=\"display:inherit;clear:left;\">cost estimates, realisation times and the discount rate; </span><span style=\"display:inherit;clear:left;\">revisions in provision estimates are allocated to the same </span><span style=\"display:inherit;clear:left;\">item of the income statement where the provision was </span><span style=\"display:inherit;clear:left;\">previously reported or<span class=\"_ _1\"></span>, when the liability is related to </span><span style=\"display:inherit;clear:left;\">property, plant and equipment (e.g. decommissioning and </span><span style=\"display:inherit;clear:left;\">site restoration), as a contra-entry to the related asset, </span><span style=\"display:inherit;clear:left;\">up to the book value; any surplus is posted to the income </span><span style=\"display:inherit;clear:left;\">statement.</span><span style=\"display:inherit;clear:left;\">The notes to the financial statements describe contingent </span><span style=\"display:inherit;clear:left;\">liabilities represented by: (i) possible (but not probable) </span><span style=\"display:inherit;clear:left;\">obligations resulting from past events, the existence </span><span style=\"display:inherit;clear:left;\">of which will be confirmed only if one or more future </span><span style=\"display:inherit;clear:left;\">uncertain events occur which are partially or fully outside </span><span style=\"display:inherit;clear:left;\">the Company\u2019s control; (ii) current obligations resulting </span><span style=\"display:inherit;clear:left;\">from past events, the amount of which cannot be reliably </span><span style=\"display:inherit;clear:left;\">estimated, or the fulfilment of which is not likely to </span><span style=\"display:inherit;clear:left;\">involve costs.</span><span style=\"display:inherit;clear:left;\">Contingent assets, or possible assets that result from </span><span style=\"display:inherit;clear:left;\">past events and whose existence will only be confirmed </span><span style=\"display:inherit;clear:left;\">when one or more uncertain future events, not totally </span><span style=\"display:inherit;clear:left;\">under the control of the business, occur or do not occur<span class=\"_ _1\"></span>, </span><span style=\"display:inherit;clear:left;\">are not recognised unless obtaining the related benefits </span><span style=\"display:inherit;clear:left;\">is virtually certain. If obtaining the benefits is probable, </span><span style=\"display:inherit;clear:left;\">the contingent assets are illustrated in the notes to the </span><span style=\"display:inherit;clear:left;\">financial statements.</span><span style=\"display:inherit;clear:left;\">5.10 <span class=\"_ _85\"> </span>Non-current assets held for sale and </span><span style=\"display:inherit;clear:left;\">discontinued operations</span><span style=\"display:inherit;clear:left;\">Non-current assets or disposal groups consisting of assets </span><span style=\"display:inherit;clear:left;\">and liabilities are classified as held for sale if their book </span><span style=\"display:inherit;clear:left;\">value will be recovered mainly by their sale rather than </span><span style=\"display:inherit;clear:left;\">through continued use. This condition is regarded as </span><span style=\"display:inherit;clear:left;\">fulfilled when the sale is highly probable and the asset </span><span style=\"display:inherit;clear:left;\">or discontinued operations are available for immediate </span><span style=\"display:inherit;clear:left;\">sale in their current condition. When there is a plan to sell </span><span style=\"display:inherit;clear:left;\">a subsidiary that results in the loss of control, all of the </span><span style=\"display:inherit;clear:left;\">assets and liabilities of that investee are classified as held </span><span style=\"display:inherit;clear:left;\">for sale, regardless of whether a non-controlling interest </span><span style=\"display:inherit;clear:left;\">is retained after the sale. V<span class=\"_ _c\"></span>erification of compliance with </span><span style=\"display:inherit;clear:left;\">the conditions for classifying an item as intended for sale </span><span style=\"display:inherit;clear:left;\">entails management making subjective assessments by </span><span style=\"display:inherit;clear:left;\">making reasonable and realistic assumptions based on </span><span style=\"display:inherit;clear:left;\">available information. </span><span style=\"display:inherit;clear:left;\">Immediately prior to classification as held for sale, the </span><span style=\"display:inherit;clear:left;\">assets and liabilities included in a disposal group are </span><span style=\"display:inherit;clear:left;\">measured in accordance with the accounting standards </span><span style=\"display:inherit;clear:left;\">applicable to them. Subsequently, non-current assets </span><span style=\"display:inherit;clear:left;\">held for sale are not amortised or depreciated and are </span><span style=\"display:inherit;clear:left;\">measured at the lower of book value and related fair </span><span style=\"display:inherit;clear:left;\">value, less any sales costs (see section 5.8 \u201c<span class=\"_ _1\"></span>Accounting </span><span style=\"display:inherit;clear:left;\">policies - F<span class=\"_ _c\"></span>air-value measurements\u201d above<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">The classification of investments accounted for using the </span><span style=\"display:inherit;clear:left;\">equity method as held for sale implies the suspension of </span><span style=\"display:inherit;clear:left;\">the application of this valuation criterion. Any negative </span><span style=\"display:inherit;clear:left;\">difference between the book value of the non-current </span><span style=\"display:inherit;clear:left;\">assets and their fair value less selling costs is posted to the </span><span style=\"display:inherit;clear:left;\">income statement as an impairment loss; any subsequent </span><span style=\"display:inherit;clear:left;\">recoveries in value are recognised up to the amount of the </span><span style=\"display:inherit;clear:left;\">previously recognised impairment losses, including those </span><span style=\"display:inherit;clear:left;\">recognised prior to the asset being classified as held for </span><span style=\"display:inherit;clear:left;\">sale.</span><span style=\"display:inherit;clear:left;\">Non-current assets and disposal group-related assets and </span><span style=\"display:inherit;clear:left;\">liabilities held for sale are recognised in the statement of </span><span style=\"display:inherit;clear:left;\">financial position separately from the group\u2019s other assets </span><span style=\"display:inherit;clear:left;\">and liabilities.</span><span style=\"display:inherit;clear:left;\">Non-current assets and disposal groups, classified as </span><span style=\"display:inherit;clear:left;\">held for sale, constitute a discontinued operation if<span class=\"_ _c\"></span>, </span><span style=\"display:inherit;clear:left;\">alternatively: </span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _85\"> </span>they represent a significant autonomous business unit </span><span style=\"display:inherit;clear:left;\">or a significant geographical area of operations; </span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_ _24d\"> </span>they are part of a plan to dispose of a significant </span><span style=\"display:inherit;clear:left;\">autonomous business unit or a significant geographical </span><span style=\"display:inherit;clear:left;\">area of operations; or </span><span style=\"display:inherit;clear:left;\">(iii) <span class=\"_ _1\"></span>they relate to a subsidiar<span class=\"_ _0\"></span>y acquired exclusively to be </span><span style=\"display:inherit;clear:left;\">sold. </span><span style=\"display:inherit;clear:left;\">The economic results of discontinued operations, as well </span><span style=\"display:inherit;clear:left;\">as any capital gains/losses realised on the disposal, are </span><span style=\"display:inherit;clear:left;\">recorded separately in the Income Statement under a </span><span style=\"display:inherit;clear:left;\">special item, net of related tax effects, including for the </span><span style=\"display:inherit;clear:left;\">comparative periods.</span><span style=\"display:inherit;clear:left;\">When events occur that no longer permit non-current </span><span style=\"display:inherit;clear:left;\">assets or disposal groups to be classified as held for </span><span style=\"display:inherit;clear:left;\">sale, they are reclassified to the respective items in the </span><span style=\"display:inherit;clear:left;\">statement of financial position and recognised at the </span><span style=\"display:inherit;clear:left;\">lower of the following: the book value at the date of </span><span style=\"display:inherit;clear:left;\">classification as held for sale; and (ii) the r<span class=\"_ _0\"></span>eco<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e </span><span style=\"display:inherit;clear:left;\">amount at the reclassification date.</span><span style=\"display:inherit;clear:left;\">5.1<span class=\"_ _1\"></span>1 Revenues</span><span style=\"display:inherit;clear:left;\">The recognition of revenues from contracts with </span><span style=\"display:inherit;clear:left;\">customers is based on the following five steps: (i) </span><span style=\"display:inherit;clear:left;\">identification of the contract with the customer; </span><span style=\"display:inherit;clear:left;\">(ii) identification of the performance obligations, </span><span style=\"display:inherit;clear:left;\">represented by the contractual commitment to transfer </span><span style=\"display:inherit;clear:left;\">goods and/or services to a customer; (iii) calculation of </span><span style=\"display:inherit;clear:left;\">the transaction\u2019s price; (iv) allocation of the transaction<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">price to the performance obligations identified based </span><span style=\"display:inherit;clear:left;\">on the stand alone sales price of each of the goods </span><span style=\"display:inherit;clear:left;\">or services; (v) measurement of the revenue when </span><span style=\"display:inherit;clear:left;\">the performance obligation is met, i.e. at the time of </span><span style=\"display:inherit;clear:left;\">the transfer to the customer of the goods or services </span><span style=\"display:inherit;clear:left;\">promised; the transfer is considered to be completed </span><span style=\"display:inherit;clear:left;\">when the customer obtains control of the goods or </span><span style=\"display:inherit;clear:left;\">service, which can take place over time or at a point in </span><span style=\"display:inherit;clear:left;\">time.</span><span style=\"display:inherit;clear:left;\">Revenues are measured for the amount equal to the fair </span><span style=\"display:inherit;clear:left;\">value of the consideration which the business believes </span><span style=\"display:inherit;clear:left;\">it has the right to in exchange for the goods and/or<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">services promised to the customer, with the ex<span class=\"_ _c\"></span>ception </span><span style=\"display:inherit;clear:left;\">of amounts collected on behalf of third-parties. If there </span><span style=\"display:inherit;clear:left;\">is a variable consideration, the business estimates the </span><span style=\"display:inherit;clear:left;\">amount of the consideration it shall have the right to </span><span style=\"display:inherit;clear:left;\">in exchange for the transfer of goods and/or services </span><span style=\"display:inherit;clear:left;\">promised to the customer; in particular<span class=\"_ _1\"></span>, the amount of </span><span style=\"display:inherit;clear:left;\">the consideration may vary in the presence of discounts, </span><span style=\"display:inherit;clear:left;\">refunds, incentives, price concessions, performance </span><span style=\"display:inherit;clear:left;\">bonuses, penalties or if the price itself depends on the </span><span style=\"display:inherit;clear:left;\">occurrence or non-occurrence of certain future events.</span><span style=\"display:inherit;clear:left;\">Regulated revenues from the Snam Group's revenues<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">refer to services related to natural gas transportation, </span><span style=\"display:inherit;clear:left;\">dispatching and storage activities and liquefied natural </span><span style=\"display:inherit;clear:left;\">gas regasification, which are recognised in the financial </span><span style=\"display:inherit;clear:left;\">statements over the period in which the service is </span><span style=\"display:inherit;clear:left;\">rendered, and to \u2018unregulated\u2019 services. </span><span style=\"display:inherit;clear:left;\">The recognition of revenues for regulated services is </span><span style=\"display:inherit;clear:left;\">conditioned and influenced by the regulatory framework </span><span style=\"display:inherit;clear:left;\">defined by ARER<span class=\"_ _0\"></span>A, the energy regulator, therefore the<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">economic conditions of the services provided are defined </span><span style=\"display:inherit;clear:left;\">through regulatory schemes and not on a negotiation </span><span style=\"display:inherit;clear:left;\">basis. The revenues recognised in the income statement </span><span style=\"display:inherit;clear:left;\">coincide with those recognised by the regulator (so-</span><span style=\"display:inherit;clear:left;\">called 'revenue cap').<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">As regards the transportation business segment, the </span><span style=\"display:inherit;clear:left;\">difference between the revenue recognised by the </span><span style=\"display:inherit;clear:left;\">regulator (so- called \u201crevenue cap\u201d) and that actually<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">accrued is recorded, if positive, in the item of the </span><span style=\"display:inherit;clear:left;\">statement of financial position \u201cTrade payables and<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">other payables\u201d and, if negative, in the item \u201cTrade<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">and other receivables\u201d, as it will be subject to cash </span><span style=\"display:inherit;clear:left;\">settlement with the Energy and Environmental Services </span><span style=\"display:inherit;clear:left;\">Fund (<span class=\"_ _c\"></span>CSE<span class=\"_ _0\"></span>A). </span><span style=\"display:inherit;clear:left;\">In the Regasification and Storage segments any </span><span style=\"display:inherit;clear:left;\">difference between the revenue recognised by the </span><span style=\"display:inherit;clear:left;\">regulator and the accrued revenue is recognised in </span><span style=\"display:inherit;clear:left;\">the balance sheet item \u201cTrade and other receivables\u201d,<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">if positive, and in the item \u201cTrade payables and other<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">payables\u201d, if negative, inasmuch as it will be subject to </span><span style=\"display:inherit;clear:left;\">cash settlement with the Energy and Environmental </span><span style=\"display:inherit;clear:left;\">Services Fund (CSEA).</span><span style=\"display:inherit;clear:left;\">With specific reference to the principle of neutrality </span><span style=\"display:inherit;clear:left;\">defined by applicable regulations, transactions carried </span><span style=\"display:inherit;clear:left;\">out on the balancing market generate neither costs<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">nor revenue, as they are mere pass-through items. </span><span style=\"display:inherit;clear:left;\">Any (positive or negative) differences from the usage<span class=\"_ _1\"></span> </span><span style=\"display:inherit;clear:left;\">of different prices for the transactions above will be </span><span style=\"display:inherit;clear:left;\">neutralized by recognizing an asset or liability for CSEA<span class=\"_ _0\"></span>, </span><span style=\"display:inherit;clear:left;\">given that these differences are equalized by the latter<span class=\"_ _1\"></span>. </span><span style=\"display:inherit;clear:left;\">Unregulated revenues mainly concern: (i) fees for </span><span style=\"display:inherit;clear:left;\">the construction of biogas and biomethane plants; </span><span style=\"display:inherit;clear:left;\">(ii) technical-specialist services to non-consolidated </span><span style=\"display:inherit;clear:left;\">foreign companies; (iii) provision of services relating to </span><span style=\"display:inherit;clear:left;\">energy efficiency projects; (iv) the sale of automotive </span><span style=\"display:inherit;clear:left;\">compressors - CNG. The recognition of these revenues </span><span style=\"display:inherit;clear:left;\">occurs over the period of provision of the service.</span><span style=\"display:inherit;clear:left;\">With reference to the energy efficiency business, </span><span style=\"display:inherit;clear:left;\">the Renovit Group deals, in particular<span class=\"_ _1\"></span>, with the </span><span style=\"display:inherit;clear:left;\">redevelopment and recovery activities of residential </span><span style=\"display:inherit;clear:left;\">building stock (\"Deep Renovation\"), allowing customers<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">to access the tax deductions permitted by the relevant </span><span style=\"display:inherit;clear:left;\">legislation, such as the CD. Superbonus, as well as the so-</span><span style=\"display:inherit;clear:left;\">called minor bonuses (i.e. Sismabonus, Ecobonus, etc.). </span><span style=\"display:inherit;clear:left;\">Revenues are recognized over the contractual period<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">(over-time<span class=\"_ _c\"></span>), i.e. when control of the good and/or service </span><span style=\"display:inherit;clear:left;\">is transferred to the end customer<span class=\"_ _1\"></span>, for an amount equal </span><span style=\"display:inherit;clear:left;\">to the amount that the Group expects to receive for this </span><span style=\"display:inherit;clear:left;\">operation.</span><span style=\"display:inherit;clear:left;\">5.12 <span class=\"_ _85\"> </span>Employee benefits</span><span style=\"display:inherit;clear:left;\">Short-term employee benefits</span><span style=\"display:inherit;clear:left;\">Short<span class=\"_ _c\"></span>-term benefits for employee are recognised as a </span><span style=\"display:inherit;clear:left;\">cost at the time when the service is rendered. The Group </span><span style=\"display:inherit;clear:left;\">recognises a liability, classified under \u201cTrade payables and </span><span style=\"display:inherit;clear:left;\">other payables\u201d for the amount due to be paid when it </span><span style=\"display:inherit;clear:left;\">has a current legal or constructive obligation to make such </span><span style=\"display:inherit;clear:left;\">payments.</span><span style=\"display:inherit;clear:left;\">Post-employment benefits</span><span style=\"display:inherit;clear:left;\">Post<span class=\"_ _c\"></span>-employment benefits are defined according to </span><span style=\"display:inherit;clear:left;\">programmes, including non- formalised programmes, </span><span style=\"display:inherit;clear:left;\">which, depending on their characteristics, are classed as </span><span style=\"display:inherit;clear:left;\">\u201cdefined-benefit\u201d or \u201cdefined-contribution\u201d plans. </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ff74\"> Defined benefit plans</span></span><span style=\"display:inherit;clear:left;\">The liability associated with defined-benefit plans is </span><span style=\"display:inherit;clear:left;\">determined by estimating the present value of the future </span><span style=\"display:inherit;clear:left;\">benefits accrued by the employees during the current </span><span style=\"display:inherit;clear:left;\">year and in previous years, and by calculating the fair value </span><span style=\"display:inherit;clear:left;\">of any assets servicing the plan. The present value of the </span><span style=\"display:inherit;clear:left;\">obligations is determined based on actuarial assumptions </span><span style=\"display:inherit;clear:left;\">and is recognised on an accruals basis consistent with the </span><span style=\"display:inherit;clear:left;\">employment period necessary to obtain the benefits.</span><span style=\"display:inherit;clear:left;\">Actuarial gains and losses relating to defined-benefit </span><span style=\"display:inherit;clear:left;\">plans arising from changes in actuarial assumptions </span><span style=\"display:inherit;clear:left;\">or experience adjustments are recognised in the </span><span style=\"display:inherit;clear:left;\">comprehensive income statement in the period in which </span><span style=\"display:inherit;clear:left;\">they occurred,and are not subsequently recognised in the </span><span style=\"display:inherit;clear:left;\">income statement. When a plan is changed, reduced or </span><span style=\"display:inherit;clear:left;\">extinguished, the relative effects are recognised in the </span><span style=\"display:inherit;clear:left;\">income statement.</span><span style=\"display:inherit;clear:left;\">Net financial expense represents the change that the net </span><span style=\"display:inherit;clear:left;\">liability undergoes during the year due to the passing </span><span style=\"display:inherit;clear:left;\">of time. Net interest is determined by applying to the </span><span style=\"display:inherit;clear:left;\">liabilities, net of any plan assets, the discount rate used </span><span style=\"display:inherit;clear:left;\">for the discounting used for the liabilities. The net </span><span style=\"display:inherit;clear:left;\">financial expense of defined-benefit plans is recognised in </span><span style=\"display:inherit;clear:left;\">\u201cFinancial expense (income)\u201d.</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ff74\">Defined contribution plans</span></span><span style=\"display:inherit;clear:left;\">In defined-contribution plans, the Company\u2019s obligation is </span><span style=\"display:inherit;clear:left;\">calculated, limited to the payment of state contributions </span><span style=\"display:inherit;clear:left;\">or to equity or a legally separate entity (fund), based on </span><span style=\"display:inherit;clear:left;\">contributions due. </span><span style=\"display:inherit;clear:left;\">The costs associated with defined-benefit contributions are </span><span style=\"display:inherit;clear:left;\">recognised in the income statement as and when they are </span><span style=\"display:inherit;clear:left;\">incurred.</span><span style=\"display:inherit;clear:left;\">Other long-term benefits</span><span style=\"display:inherit;clear:left;\">Obligations relating to other long-term benefits are </span><span style=\"display:inherit;clear:left;\">calculated using actuarial assumptions; the effects arising </span><span style=\"display:inherit;clear:left;\">from the amendments to the actuarial assumptions or </span><span style=\"display:inherit;clear:left;\">from the adjustments made based on past experience are </span><span style=\"display:inherit;clear:left;\">recognised entirely in the income statement.</span><span style=\"display:inherit;clear:left;\">Benefits due for the termination of employment</span><span style=\"display:inherit;clear:left;\">Employee termination benefits are recognised as an </span><span style=\"display:inherit;clear:left;\">expense when the Group is committed without recourse </span><span style=\"display:inherit;clear:left;\">to offering such benefits or when the Group recognises </span><span style=\"display:inherit;clear:left;\">restructuring costs, whichever is earlier<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">Share-based payments (share-based incentive plan)</span><span style=\"display:inherit;clear:left;\">Employee benefits, consistent with the substantial nature </span><span style=\"display:inherit;clear:left;\">of remuneration, include the cost of share-based incentive </span><span style=\"display:inherit;clear:left;\">plans. The cost of the incentive is determined with </span><span style=\"display:inherit;clear:left;\">reference to the fair value of the instruments granted </span><span style=\"display:inherit;clear:left;\">and the forecast of the number of shares that will actually </span><span style=\"display:inherit;clear:left;\">be granted; the portion pertaining to the financial year is </span><span style=\"display:inherit;clear:left;\">determined pro rata temporis over the vesting period, i.e., </span><span style=\"display:inherit;clear:left;\">the period between the grant date and the assignment </span><span style=\"display:inherit;clear:left;\">date. The fair value of the shares underlying the incentive </span><span style=\"display:inherit;clear:left;\">plan is calculated at the grant date taking into account </span><span style=\"display:inherit;clear:left;\">the forecasts with regard to reaching the performance </span><span style=\"display:inherit;clear:left;\">parameters associated with market conditions and is not </span><span style=\"display:inherit;clear:left;\">adjusted in future financial years; when obtaining the </span><span style=\"display:inherit;clear:left;\">benefit is also connected to conditions other than market </span><span style=\"display:inherit;clear:left;\">conditions, the estimate relating to these conditions </span><span style=\"display:inherit;clear:left;\">is reflected by adjusting the number of shares during </span><span style=\"display:inherit;clear:left;\">the vesting period that are expected to effectively be </span><span style=\"display:inherit;clear:left;\">allocated.</span><span style=\"display:inherit;clear:left;\">5.13 <span class=\"_ _85\"> </span>Accounting for environmental </span><span style=\"display:inherit;clear:left;\">certificates - Emission trading systems</span><span style=\"display:inherit;clear:left;\">The European Emission T<span class=\"_ _c\"></span>rading System, established to </span><span style=\"display:inherit;clear:left;\">manage and trade emission allowances, sets an upper limit </span><span style=\"display:inherit;clear:left;\">for greenhouse gas emissions produced over the course of </span><span style=\"display:inherit;clear:left;\">a year<span class=\"_ _1\"></span>, for which a certain number of emission allowances </span><span style=\"display:inherit;clear:left;\">are issued free of charge by the competent national </span><span style=\"display:inherit;clear:left;\">authorities. In the course of the year<span class=\"_ _1\"></span>, depending on the </span><span style=\"display:inherit;clear:left;\">actual greenhouse gas emissions produced, each company </span><span style=\"display:inherit;clear:left;\">has the option to sell or the obligation to acquire emission </span><span style=\"display:inherit;clear:left;\">allowances on the market for a consideration.</span><span style=\"display:inherit;clear:left;\">Allowances purchased for a consideration to offset </span><span style=\"display:inherit;clear:left;\">emissions released into the atmosphere during the year are </span><span style=\"display:inherit;clear:left;\">recognised in the income statement; any quotas purchased </span><span style=\"display:inherit;clear:left;\">in excess of requirements are recognised under \"Other </span><span style=\"display:inherit;clear:left;\">current assets\", while any quotas allocated free of charge, </span><span style=\"display:inherit;clear:left;\">not used in the year of allocation, are not recognised in </span><span style=\"display:inherit;clear:left;\">the balance sheet as they are used for the following year's </span><span style=\"display:inherit;clear:left;\">requirements.</span><span style=\"display:inherit;clear:left;\">In the case of any deficit emission allowances for which </span><span style=\"display:inherit;clear:left;\">no market purchase has been made at the end of the </span><span style=\"display:inherit;clear:left;\">reporting period, the cost and the corresponding liability are </span><span style=\"display:inherit;clear:left;\">recognised at the end of the financial year at market value.</span><span style=\"display:inherit;clear:left;\">5.14 <span class=\"_ _85\"> </span>Foreign currency transactions</span><span style=\"display:inherit;clear:left;\">The criteria adopted by Snam to convert transactions in </span><span style=\"display:inherit;clear:left;\">currencies other than the functional currency (the Euro) are </span><span style=\"display:inherit;clear:left;\">summarised below:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>revenue and costs relating to transactions in currencies </span><span style=\"display:inherit;clear:left;\">other than the functional currency are recognised at the </span><span style=\"display:inherit;clear:left;\">exchange rate in effect on the day when the transaction </span><span style=\"display:inherit;clear:left;\">was carried out;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>monetar<span class=\"_ _0\"></span>y assets and liabilities in currencies other than </span><span style=\"display:inherit;clear:left;\">the functional currency are converted into Euro by </span><span style=\"display:inherit;clear:left;\">applying the exchange rate in effect on the reporting </span><span style=\"display:inherit;clear:left;\">date, allocating the effect to the income statement;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>non-monetar<span class=\"_ _0\"></span>y assets and liabilities in currencies other </span><span style=\"display:inherit;clear:left;\">than the functional currency which are measured at </span><span style=\"display:inherit;clear:left;\">cost are recognised at the initially recorded exchange </span><span style=\"display:inherit;clear:left;\">rate; when the measurement is made at fair value or </span><span style=\"display:inherit;clear:left;\">recoverable or realisable value, the exchange rate used is </span><span style=\"display:inherit;clear:left;\">that in effect on the measurement date.</span><span style=\"display:inherit;clear:left;\">5.15 <span class=\"_ _85\"> </span>Income taxes</span><span style=\"display:inherit;clear:left;\">Current income taxes are calculated on the basis of </span><span style=\"display:inherit;clear:left;\">estimated taxable income. T<span class=\"_ _c\"></span>ax payables and receivables for </span><span style=\"display:inherit;clear:left;\">current taxes are recognised at the value expected to be </span><span style=\"display:inherit;clear:left;\">paid/recovered to/ from the tax authorities by applying the </span><span style=\"display:inherit;clear:left;\">tax rates and regulations in force or substantially approved </span><span style=\"display:inherit;clear:left;\">at the end of the reporting period. As far as corporate </span><span style=\"display:inherit;clear:left;\">income tax (IRES) is concerned, Snam has opted for the </span><span style=\"display:inherit;clear:left;\">national tax consolidation scheme, which 28 subsidiaries </span><span style=\"display:inherit;clear:left;\">formally participate in. The expected liability is recognised </span><span style=\"display:inherit;clear:left;\">under 'Current tax liabilities<span class=\"_ _c\"></span>'.</span><span style=\"display:inherit;clear:left;\">The regulations governing Snam Group companies\u2019 </span><span style=\"display:inherit;clear:left;\">participation in the national tax consolidation scheme </span><span style=\"display:inherit;clear:left;\">require:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>subsidiaries with positive taxable income to pay the </span><span style=\"display:inherit;clear:left;\">amount due to Snam. The taxable income of the </span><span style=\"display:inherit;clear:left;\">subsidiary, used to determine the tax, is adjusted to </span><span style=\"display:inherit;clear:left;\">account for the recovery of negative components </span><span style=\"display:inherit;clear:left;\">that would have been non-deductible without the </span><span style=\"display:inherit;clear:left;\">consolidation scheme (e.g. interest expense), the so-</span><span style=\"display:inherit;clear:left;\">called ACE (aid for economic growth) effect and an<span class=\"_ _c\"></span>y </span><span style=\"display:inherit;clear:left;\">negative taxable income relating to the subsidiary<span class=\"_ _0\"></span>\u2019s </span><span style=\"display:inherit;clear:left;\">equity investments in consolidated companies;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>subsidiaries with negative taxable income, if and insofar </span><span style=\"display:inherit;clear:left;\">as they have prospective profitability which, without </span><span style=\"display:inherit;clear:left;\">the national tax consolidation scheme, would have </span><span style=\"display:inherit;clear:left;\">enabled them to recognise deferred tax assets related </span><span style=\"display:inherit;clear:left;\">to the negative taxable income on the separate financial </span><span style=\"display:inherit;clear:left;\">statements, receive from their shareholders \u2013 in the </span><span style=\"display:inherit;clear:left;\">event that these are companies with a positive taxable </span><span style=\"display:inherit;clear:left;\">income or a negative taxable income with prospective </span><span style=\"display:inherit;clear:left;\">profitability \u2013 or from Snam in other cases, compensation </span><span style=\"display:inherit;clear:left;\">amounting to the lower of the tax saving realised by the </span><span style=\"display:inherit;clear:left;\">Group and the aforementioned deferred tax assets.</span><span style=\"display:inherit;clear:left;\">Regional production tax (IRAP) is recognised under the item </span><span style=\"display:inherit;clear:left;\">\u201cCurrent tax liabilities\u201d - \u201c<span class=\"_ _c\"></span>Current tax assets\u201d.</span><span style=\"display:inherit;clear:left;\">Deferred taxes are calculated on the timing differences </span><span style=\"display:inherit;clear:left;\">between the values of the assets and liabilities entered </span><span style=\"display:inherit;clear:left;\">in the balance sheet and the corresponding values </span><span style=\"display:inherit;clear:left;\">recognized for tax purposes, based on the prevailing tax </span><span style=\"display:inherit;clear:left;\">regulations and rates applicable in financial years in which </span><span style=\"display:inherit;clear:left;\">the temporary difference will be cancelled, approved or </span><span style=\"display:inherit;clear:left;\">essentially approved at the end of the relevant reporting </span><span style=\"display:inherit;clear:left;\">period. Deferred tax assets are recognised when </span><span style=\"display:inherit;clear:left;\">their recovery is considered probable; specifically, the </span><span style=\"display:inherit;clear:left;\">recoverability of deferred tax assets is considered probable </span><span style=\"display:inherit;clear:left;\">when taxable income is expected to be available in the </span><span style=\"display:inherit;clear:left;\">period in which the temporary difference is cancelled, </span><span style=\"display:inherit;clear:left;\">allowing for the activation of the tax deduction. Similarly, </span><span style=\"display:inherit;clear:left;\">unused tax credits and deferred tax assets on tax losses </span><span style=\"display:inherit;clear:left;\">are recognised within the limits of their recoverability; with </span><span style=\"display:inherit;clear:left;\">reference to deferred tax assets, their recoverability is </span><span style=\"display:inherit;clear:left;\">verified at least annually.</span><span style=\"display:inherit;clear:left;\">If there are uncertainties over the application of tax </span><span style=\"display:inherit;clear:left;\">regulations: (i) in cases where it is deemed probable </span><span style=\"display:inherit;clear:left;\">that the tax authorities will accept the uncertain tax </span><span style=\"display:inherit;clear:left;\">treatment, the income taxes (current and/or deferred) </span><span style=\"display:inherit;clear:left;\">to be recognised in the financial statements according to </span><span style=\"display:inherit;clear:left;\">the tax treatment applied or which it is expected to apply </span><span style=\"display:inherit;clear:left;\">during the tax return are calculated; (ii) in cases where it is </span><span style=\"display:inherit;clear:left;\">not deemed probable that the tax authorities will accept </span><span style=\"display:inherit;clear:left;\">the uncertain tax treatment, this uncertainty is reflected in </span><span style=\"display:inherit;clear:left;\">calculating the (current and/or deferred) income taxes to </span><span style=\"display:inherit;clear:left;\">be recognised in the financial statements.</span><span style=\"display:inherit;clear:left;\">Deferred tax assets and deferred tax liabilities are classified </span><span style=\"display:inherit;clear:left;\">under non-current assets and liabilities and are offset at </span><span style=\"display:inherit;clear:left;\">individual company level if they refer to taxes which can be </span><span style=\"display:inherit;clear:left;\">offset and/or at the level of the consolidating company in </span><span style=\"display:inherit;clear:left;\">the presence of the taxation regime set out in the national </span><span style=\"display:inherit;clear:left;\">consolidation scheme. The balance of the offsetting, if it </span><span style=\"display:inherit;clear:left;\">results in an asset, is recognised under the item \u201cDeferred </span><span style=\"display:inherit;clear:left;\">tax assets\u201d; if it results in a liability, it is recognised under </span><span style=\"display:inherit;clear:left;\">the item \u201cDeferred tax liabilities\u201d. When the results of </span><span style=\"display:inherit;clear:left;\">transactions are recognised directly in equity, current and </span><span style=\"display:inherit;clear:left;\">deferred taxes are also posted to equity.</span><span style=\"display:inherit;clear:left;\">Global Minimum T<span class=\"_ _1\"></span>ax (Pillar II)</span><span style=\"display:inherit;clear:left;\">Council Directive (EU) 2022/2523 - on the basis of the </span><span style=\"display:inherit;clear:left;\">paper 'T<span class=\"_ _c\"></span>ax Challenges Arising from the Digitalisation </span><span style=\"display:inherit;clear:left;\">of the Economy- Global Anti-Base Erosion Model Rules </span><span style=\"display:inherit;clear:left;\">(Pillar T<span class=\"_ _1\"></span>wo)' issued by the OE<span class=\"_ _c\"></span>CD on 14 December 2021 </span><span style=\"display:inherit;clear:left;\">- introduced a minimum effective taxation regime for </span><span style=\"display:inherit;clear:left;\">domestic and multinational groups at the rate of 15% for </span><span style=\"display:inherit;clear:left;\">each jurisdiction in which they are located, providing for the </span><span style=\"display:inherit;clear:left;\">application of a top-up tax in cases where the effective tax </span><span style=\"display:inherit;clear:left;\">rate per country, with the adjustments provided for in the </span><span style=\"display:inherit;clear:left;\">application rules, is lower than the 15% minimum taxation. </span><span style=\"display:inherit;clear:left;\">This legislation was transposed into domestic law by Italian </span><span style=\"display:inherit;clear:left;\">Legislative Decree 209 of 27 December 2023 ('Pillar II' or </span><span style=\"display:inherit;clear:left;\">'global minimum tax') with effect from the 2024 tax year<span class=\"_ _1\"></span>. </span><span style=\"display:inherit;clear:left;\">In this regard, the Snam Group, in coordination with the </span><span style=\"display:inherit;clear:left;\">parent company CDP<span class=\"_ _1\"></span>, participated in a specific project in </span><span style=\"display:inherit;clear:left;\">2023, with the support of a leading advisor<span class=\"_ _1\"></span>, concerning the: </span><span style=\"display:inherit;clear:left;\">(i) mapping of entities relevant to Pillar II; (ii) collection of </span><span style=\"display:inherit;clear:left;\">information necessary for the purposes of determining the </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>ransitional Countr<span class=\"_ _0\"></span>y-by-Country safe harbour; (iii) collection </span><span style=\"display:inherit;clear:left;\">of information relevant to the calculation of Globe Income </span><span style=\"display:inherit;clear:left;\">and Adjusted Covered T<span class=\"_ _c\"></span>axes, necessary for the calculation </span><span style=\"display:inherit;clear:left;\">of the minimum tax rate of 15%; (iv) the preparation of the </span><span style=\"display:inherit;clear:left;\">Gap Analysis. This activity was carried out with reference to </span><span style=\"display:inherit;clear:left;\">the 2022 tax year<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">On 23 May 2023, the IASB published an amendment </span><span style=\"display:inherit;clear:left;\">entitled <span class=\"ff74\">\"<span class=\"_ _1\"></span>Amendments to IAS 12 Income tax<span class=\"_ _c\"></span>es: </span></span><span style=\"display:inherit;clear:left;\">International T<span class=\"_ _1\"></span>ax Reform \u2013 Pillar T<span class=\"_ _1\"></span>wo Model Rules\"<span class=\"ff7b\">. The </span></span><span style=\"display:inherit;clear:left;\">document, whose adoption process by the EU ended on </span><span style=\"display:inherit;clear:left;\">8 November 2023, introduces a temporary exception to </span><span style=\"display:inherit;clear:left;\">the recognition and disclosure requirements for deferred </span><span style=\"display:inherit;clear:left;\">tax assets and liabilities related to the Pillar T<span class=\"_ _1\"></span>wo Model </span><span style=\"display:inherit;clear:left;\">Rules and provides for specific disclosure requirements for </span><span style=\"display:inherit;clear:left;\">entities affected by the related International T<span class=\"_ _c\"></span>ax Reform. </span><span style=\"display:inherit;clear:left;\">The document provides, in particular<span class=\"_ _1\"></span>, for the immediate </span><span style=\"display:inherit;clear:left;\">application of the temporary exception, while the </span><span style=\"display:inherit;clear:left;\">disclosure requirements will only be applicable to annual </span><span style=\"display:inherit;clear:left;\">financial statements commencing on or after 1 January </span><span style=\"display:inherit;clear:left;\">2023.</span><span style=\"display:inherit;clear:left;\">As a result of the work done so far in connection with </span><span style=\"display:inherit;clear:left;\">the year 2022, based on currently available information, </span><span style=\"display:inherit;clear:left;\">an estimated supplementary tax is expected to be </span><span style=\"display:inherit;clear:left;\">insignificant.</span><span style=\"display:inherit;clear:left;\">5.16 <span class=\"_ _85\"> </span>Segment reporting (operating </span><span style=\"display:inherit;clear:left;\">segments)</span><span style=\"display:inherit;clear:left;\">Disclosure on business segments has been prepared </span><span style=\"display:inherit;clear:left;\">pursuant to IFRS 8 \u2013 \u201cOperating Segments\u201d: consequently, </span><span style=\"display:inherit;clear:left;\">the identification of the operating segments and the </span><span style=\"display:inherit;clear:left;\">information presented are defined on the basis of the </span><span style=\"display:inherit;clear:left;\">internal reporting used by the Company\u2019s management to </span><span style=\"display:inherit;clear:left;\">allocate resources to the different segments and to analyse </span><span style=\"display:inherit;clear:left;\">the respective performances.</span><span style=\"display:inherit;clear:left;\">An operating segment is defined by IFRS 8 as the </span><span style=\"display:inherit;clear:left;\">component of an entity: (i) that engages in business </span><span style=\"display:inherit;clear:left;\">activities from which it may earn revenue and incur </span><span style=\"display:inherit;clear:left;\">expenses (including revenue and expenses relating to </span><span style=\"display:inherit;clear:left;\">transactions with other components of the same entity); </span><span style=\"display:inherit;clear:left;\">(ii) that has operating results which are regularly reviewed </span><span style=\"display:inherit;clear:left;\">by the entity\u2019s most senior decision-makers for the purpose </span><span style=\"display:inherit;clear:left;\">of making decisions about resources to be allocated to </span><span style=\"display:inherit;clear:left;\">the segment and assessing its performance; (iii) for which </span><span style=\"display:inherit;clear:left;\">separate financial information is available.</span><span style=\"display:inherit;clear:left;\">With reference to the 2023 financial year<span class=\"_ _1\"></span>, the business </span><span style=\"display:inherit;clear:left;\">segments subject to reporting under IFRS 8 are: (i) </span><span style=\"display:inherit;clear:left;\">the T<span class=\"_ _c\"></span>ransportation segment, relating to natural gas </span><span style=\"display:inherit;clear:left;\">transportation activities; (ii) the Regasification segment, </span><span style=\"display:inherit;clear:left;\">relating to Liquefied Natural Gas regasification activities; </span><span style=\"display:inherit;clear:left;\">(iii) the Storage segment, relating to natural gas storage </span><span style=\"display:inherit;clear:left;\">activities; (iv) the Energy transition segment, relating </span><span style=\"display:inherit;clear:left;\">to energy efficiency, biogas/ biomethane business and </span><span style=\"display:inherit;clear:left;\">hydrogen start<span class=\"_ _c\"></span>-up projects. </span><span style=\"display:inherit;clear:left;\">Activities related to the unregulated mobility and </span><span style=\"display:inherit;clear:left;\">liquefaction business do not constitute a separately </span><span style=\"display:inherit;clear:left;\">reported operating segment.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__20": {
   "value": "<span style=\"display:inherit;clear:left;\">5.1 <span class=\"_ _3c\"> </span>Consolidation criteria</span><span style=\"display:inherit;clear:left;\">Subsidiaries, joint ventures, associates and other significant </span><span style=\"display:inherit;clear:left;\">equity investments are indicated separately in the appendix </span><span style=\"display:inherit;clear:left;\">\u201cEquity investments of Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. as at 31 December </span><span style=\"display:inherit;clear:left;\">2023\u201d, which is an integral part of these notes. The same </span><span style=\"display:inherit;clear:left;\">annex shows the changes in the scope of consolidation at </span><span style=\"display:inherit;clear:left;\">31 December 2023 compared to 31 December 2022. For </span><span style=\"display:inherit;clear:left;\">further details on the acquisition of controlling interests, </span><span style=\"display:inherit;clear:left;\">please refer to the section 'Business Combinations'. </span><span style=\"display:inherit;clear:left;\">All the financial statements of the companies included in </span><span style=\"display:inherit;clear:left;\">the scope of consolidation are expressed in euro, adjusted, </span><span style=\"display:inherit;clear:left;\">where necessary, to make them consistent with the </span><span style=\"display:inherit;clear:left;\">accounting policies applied by the Parent Company.</span><span style=\"display:inherit;clear:left;\">2 <span class=\"_ _80\"> </span>Assets and liabilities are classified as current if: (i) their realisation/</span><span style=\"display:inherit;clear:left;\">settlement is part of the normal operating cycle of the company or in </span><span style=\"display:inherit;clear:left;\">the 12 months after the financial year-end; (ii) they consist of the cash </span><span style=\"display:inherit;clear:left;\">and cash equivalents without restrictions that would limit usage thereof </span><span style=\"display:inherit;clear:left;\">in the 12 months following the closure of the year; or (iii) they are held </span><span style=\"display:inherit;clear:left;\">mainly for trading.</span><span style=\"display:inherit;clear:left;\">Fully consolidated subsidiaries</span><span style=\"display:inherit;clear:left;\">The Group defines another entity as a subsidiary when it:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>has the power to make decisions concerning the investee </span><span style=\"display:inherit;clear:left;\">entity;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>is entitled to receive a share of or is exposed to the </span><span style=\"display:inherit;clear:left;\">variable profits and losses of the investee entity;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>is able to exercise power over the investee entity in such </span><span style=\"display:inherit;clear:left;\">a way as to affect the amount of its economic returns.</span><span style=\"display:inherit;clear:left;\">Figures relating to subsidiaries are included in the </span><span style=\"display:inherit;clear:left;\">consolidated financial statements, based on uniform </span><span style=\"display:inherit;clear:left;\">accounting policies, from the date on which the Company </span><span style=\"display:inherit;clear:left;\">assumes direct or indirect control over them until the date </span><span style=\"display:inherit;clear:left;\">on which said control ceases to exist. The assets, liabilities, </span><span style=\"display:inherit;clear:left;\">income and expenses of consolidated companies are fully </span><span style=\"display:inherit;clear:left;\">incorporated line-by-line in the consolidated Financial </span><span style=\"display:inherit;clear:left;\">Statements (full consolidation method). </span><span style=\"display:inherit;clear:left;\">Unrealised gains from transactions between consolidated </span><span style=\"display:inherit;clear:left;\">companies are derecognised, as are receivables, payables, </span><span style=\"display:inherit;clear:left;\">income, expenses, guarantees, commitments and risks </span><span style=\"display:inherit;clear:left;\">between consolidated companies. The portion pertaining </span><span style=\"display:inherit;clear:left;\">to the Group of unrealised gains with companies valued </span><span style=\"display:inherit;clear:left;\">using the equity method is derecognised. In both cases, </span><span style=\"display:inherit;clear:left;\">intragroup losses are not derecognised because they </span><span style=\"display:inherit;clear:left;\">are considered to represent the impairment loss on the </span><span style=\"display:inherit;clear:left;\">transferred asset.</span><span style=\"display:inherit;clear:left;\">Changes in equity investments held directly or indirectly </span><span style=\"display:inherit;clear:left;\">by the Company in subsidiaries that do not result in a </span><span style=\"display:inherit;clear:left;\">change in the qualification of the investment as a subsidiary </span><span style=\"display:inherit;clear:left;\">are recorded directly in equity as transactions with </span><span style=\"display:inherit;clear:left;\">shareholders. The book value of the equity attributable to </span><span style=\"display:inherit;clear:left;\">Parent company shareholders and non-controlling interests </span><span style=\"display:inherit;clear:left;\">are adjusted to reflect the change in the equity investment </span><span style=\"display:inherit;clear:left;\">ownership. The difference between the book value of </span><span style=\"display:inherit;clear:left;\">minority interests and the fair value of the consideration </span><span style=\"display:inherit;clear:left;\">paid or received is recorded directly under equity </span><span style=\"display:inherit;clear:left;\">attributable to Parent company shareholders.</span><span style=\"display:inherit;clear:left;\">Otherwise, the selling of interests entailing loss of control </span><span style=\"display:inherit;clear:left;\">requires the posting to the income statement of: (i) </span><span style=\"display:inherit;clear:left;\">any capital gains or losses calculated as the difference </span><span style=\"display:inherit;clear:left;\">between the consideration received and the corresponding </span><span style=\"display:inherit;clear:left;\">portion of shareholders\u2019 equity transferred; (ii) the effect </span><span style=\"display:inherit;clear:left;\">of the alignment to the fair value of any residual equity </span><span style=\"display:inherit;clear:left;\">investment maintained; (iii) any amounts posted to other </span><span style=\"display:inherit;clear:left;\">components in the comprehensive income statement </span><span style=\"display:inherit;clear:left;\">relating to the former subsidiary that will be reclassified </span><span style=\"display:inherit;clear:left;\">to the income statement. The fair value of any equity </span><span style=\"display:inherit;clear:left;\">investment maintained at the date of loss of control </span><span style=\"display:inherit;clear:left;\">represents the new reference value for the successive </span><span style=\"display:inherit;clear:left;\">valuation of the equity investment according to the </span><span style=\"display:inherit;clear:left;\">applicable valuation criteria.</span><span style=\"display:inherit;clear:left;\">Associates and joint ventures accounted for using the </span><span style=\"display:inherit;clear:left;\">equity method</span><span style=\"display:inherit;clear:left;\">An associate is an investee in which the Group has </span><span style=\"display:inherit;clear:left;\">significant influence, i.e., the power to participate in </span><span style=\"display:inherit;clear:left;\">determining the financial and operating policies of the </span><span style=\"display:inherit;clear:left;\">associate company, without, however<span class=\"_ _1\"></span>, having control or </span><span style=\"display:inherit;clear:left;\">3</span><span style=\"display:inherit;clear:left;\">joint control</span><span style=\"display:inherit;clear:left;\">; over it. The investor is presumed to have </span><span style=\"display:inherit;clear:left;\">significant influence (unless the contrary can be proven ) if </span><span style=\"display:inherit;clear:left;\">it owns, directly or indirectly through subsidiaries, at least </span><span style=\"display:inherit;clear:left;\">20% of the exercisable voting rights.</span><span style=\"display:inherit;clear:left;\">A joint venture is a joint arrangement in which the parties </span><span style=\"display:inherit;clear:left;\">that hold joint control have rights to the net assets subject </span><span style=\"display:inherit;clear:left;\">to the arrangement and, therefore, havean interest in the </span><span style=\"display:inherit;clear:left;\">jointly controlled corporate vehicle.</span><span style=\"display:inherit;clear:left;\">Equity investments in associates and joint ventures </span><span style=\"display:inherit;clear:left;\">are measured using the equity method, whereby </span><span style=\"display:inherit;clear:left;\">the investments are initially recognised at cost and </span><span style=\"display:inherit;clear:left;\">subsequently adjusted to take account of:</span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span>the investor\u2019s share in the economic results of the </span><span style=\"display:inherit;clear:left;\">investee after the acquisition date;</span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>the investor<span class=\"_ _0\"></span>\u2019s share of the other components in the </span><span style=\"display:inherit;clear:left;\">comprehensive income statement of the investee.</span><span style=\"display:inherit;clear:left;\">Dividends distributed by the investee are recognised net of </span><span style=\"display:inherit;clear:left;\">the book value of the equity investment. For the purposes </span><span style=\"display:inherit;clear:left;\">of applying the equity method, the adjustments provided </span><span style=\"display:inherit;clear:left;\">for the consolidation process are taken into account (see </span><span style=\"display:inherit;clear:left;\">also the previous point on fully consolidated subsidiaries).</span><span style=\"display:inherit;clear:left;\">In the case of an associate relationship (or joint control </span><span style=\"display:inherit;clear:left;\">) the cost of the investment is measured, in subsequent </span><span style=\"display:inherit;clear:left;\">stages, as the sum of the fair values of the previously held </span><span style=\"display:inherit;clear:left;\">interests and the fair value of the consideration transferred </span><span style=\"display:inherit;clear:left;\">at the date the investment qualifies as an associate (or </span><span style=\"display:inherit;clear:left;\">as jointly controlled). The effect of the revaluation of the </span><span style=\"display:inherit;clear:left;\">book value of equity interests held prior to the assumption </span><span style=\"display:inherit;clear:left;\">of the connection (or joint control) is recognised in profit </span><span style=\"display:inherit;clear:left;\">or loss, including any components recognised in other </span><span style=\"display:inherit;clear:left;\">comprehensive income. The sale of the investment that </span><span style=\"display:inherit;clear:left;\">results in loss of joint control or significant influence over </span><span style=\"display:inherit;clear:left;\">the investee determines the recognition of the following in </span><span style=\"display:inherit;clear:left;\">the income statement: any capital gains or losses calculated </span><span style=\"display:inherit;clear:left;\">as the difference between the consideration received </span><span style=\"display:inherit;clear:left;\">and the corresponding fractionof thebook value of the </span><span style=\"display:inherit;clear:left;\">investment sold; (ii) the effect of the alignment to the </span><span style=\"display:inherit;clear:left;\">fair value of any residual equity investment maintained; </span><span style=\"display:inherit;clear:left;\">(iii) any amounts posted to other components in the </span><span style=\"display:inherit;clear:left;\">comprehensive income statement relating to the investee </span><span style=\"display:inherit;clear:left;\">entity that will be reclassified to the income statement. The </span><span style=\"display:inherit;clear:left;\">value of any equity investment maintained, aligned with </span><span style=\"display:inherit;clear:left;\">the relative fair value at the date of loss of joint control or </span><span style=\"display:inherit;clear:left;\">significant influence, represents the new reference value </span><span style=\"display:inherit;clear:left;\">for the successive valuation according to the applicable </span><span style=\"display:inherit;clear:left;\">valuation criteria. </span><span style=\"display:inherit;clear:left;\">3 <span class=\"_ _80\"> </span>Joint control is the sharing, on a contractual basis, of control of an </span><span style=\"display:inherit;clear:left;\">arrangement, which exists only when the unanimous consent of all </span><span style=\"display:inherit;clear:left;\">parties sharing control is required for decisions on relevant activities.</span><span style=\"display:inherit;clear:left;\">If there is objective evidence of impairment, the Group </span><span style=\"display:inherit;clear:left;\">performs an impairment test by comparing the book </span><span style=\"display:inherit;clear:left;\">value with the relative recoverable value, recording this </span><span style=\"display:inherit;clear:left;\">difference in the income statement under 'Share of profit </span><span style=\"display:inherit;clear:left;\">or loss of investments accounted for using the equity </span><span style=\"display:inherit;clear:left;\">method'. In the event that the Group's share of the loss </span><span style=\"display:inherit;clear:left;\">exceeds the book value of the investment, the latter </span><span style=\"display:inherit;clear:left;\">is written off and any excess is recognised in a special </span><span style=\"display:inherit;clear:left;\">provision, if the investor is obliged to fulfil legal or implicit </span><span style=\"display:inherit;clear:left;\">obligations of the investee company or otherwise cover </span><span style=\"display:inherit;clear:left;\">its losses. When the reasons for the impairment losses no </span><span style=\"display:inherit;clear:left;\">longer apply, equity investments are revalued up to the </span><span style=\"display:inherit;clear:left;\">amount of the impairment losses entered, with the effect </span><span style=\"display:inherit;clear:left;\">posted to the income statement under the above item.</span><span style=\"display:inherit;clear:left;\">The parent company\u2019s share of any losses of the investee </span><span style=\"display:inherit;clear:left;\">company, greater than the investment\u2019s book value, is </span><span style=\"display:inherit;clear:left;\">recognised in a special provision to the extent that the </span><span style=\"display:inherit;clear:left;\">parent company is committed to fulfilling its legal or </span><span style=\"display:inherit;clear:left;\">implied obligations to the investee, or<span class=\"_ _1\"></span>, in any event<span class=\"_ _0\"></span>, to </span><span style=\"display:inherit;clear:left;\">covering its losses.</span><span style=\"display:inherit;clear:left;\">Business combinations</span><span style=\"display:inherit;clear:left;\">Business combinations are transactions with which the </span><span style=\"display:inherit;clear:left;\">group acquires control of a business. T<span class=\"_ _1\"></span>o determine </span><span style=\"display:inherit;clear:left;\">whether a particular set of acquired assets and activities </span><span style=\"display:inherit;clear:left;\">meets the definition of a \u201cbusiness\u201d, the Group examines </span><span style=\"display:inherit;clear:left;\">whether that set comprises, at least, a production factor </span><span style=\"display:inherit;clear:left;\">and a substantial process and whether it has the ability to </span><span style=\"display:inherit;clear:left;\">generate production. </span><span style=\"display:inherit;clear:left;\">Business combinations are accounted for by applying the </span><span style=\"display:inherit;clear:left;\">acquisition method, whereby the consideration transferred </span><span style=\"display:inherit;clear:left;\">at the date of acquisition of control is equal to the fair </span><span style=\"display:inherit;clear:left;\">value of the assets transferred, the liabilities incurred or </span><span style=\"display:inherit;clear:left;\">taken on, and any equity instrumentsissued. </span><span style=\"display:inherit;clear:left;\">The consideration transferred also includes the current </span><span style=\"display:inherit;clear:left;\">value of any deferred fixed payments and the fair value </span><span style=\"display:inherit;clear:left;\">of any contingent considerations (e.g earn-outs). If the </span><span style=\"display:inherit;clear:left;\">contingent consideration meets the definition of an equity </span><span style=\"display:inherit;clear:left;\">instrument, it is classified as shareholders\u2019 equity and is not </span><span style=\"display:inherit;clear:left;\">measured thereafter<span class=\"_ _1\"></span>. Other contingent considerations are </span><span style=\"display:inherit;clear:left;\">recognised as a liabilities and are measured at fair value at </span><span style=\"display:inherit;clear:left;\">each financial year-end; changes in fair value are recognised </span><span style=\"display:inherit;clear:left;\">in the income statement.</span><span style=\"display:inherit;clear:left;\">Costs directly attributable to the transaction, other than </span><span style=\"display:inherit;clear:left;\">those related to the issue of debt or equity instruments, </span><span style=\"display:inherit;clear:left;\">are recognised in the income statement when they are </span><span style=\"display:inherit;clear:left;\">incurred.</span><span style=\"display:inherit;clear:left;\">The shareholders\u2019 equity of these associate companies is </span><span style=\"display:inherit;clear:left;\">determined by attributing to each asset and liability its fair </span><span style=\"display:inherit;clear:left;\">value at the date of acquisition of control.  If positive, any </span><span style=\"display:inherit;clear:left;\">difference from the consideration transferred is posted to </span><span style=\"display:inherit;clear:left;\">the asset item \u201cGoodwill\u201d; if negative, it is posted instead </span><span style=\"display:inherit;clear:left;\">to the income statement.</span><span style=\"display:inherit;clear:left;\">Where total control is not acquired, the share of equity </span><span style=\"display:inherit;clear:left;\">attributable to minority interests is determined based </span><span style=\"display:inherit;clear:left;\">on the share of the current values attributed to assets </span><span style=\"display:inherit;clear:left;\">and liabilities at the date of acquisition of control, </span><span style=\"display:inherit;clear:left;\">net of any goodwill (the \u201cpartial goodwill method\u201d). </span><span style=\"display:inherit;clear:left;\">Alternatively, the full amount of the goodwill generated </span><span style=\"display:inherit;clear:left;\">by the acquisition is recognised, therefore also taking into </span><span style=\"display:inherit;clear:left;\">account the portion attributable to minority interests </span><span style=\"display:inherit;clear:left;\">(the \u201cfull goodwill method\u201d). In this case, non-controlling </span><span style=\"display:inherit;clear:left;\">interests are expressed at their total fair value, including </span><span style=\"display:inherit;clear:left;\">the attributable share of goodwill. The choice of how </span><span style=\"display:inherit;clear:left;\">to determine goodwill (Partial goodwill method or full </span><span style=\"display:inherit;clear:left;\">goodwill method) is based on each individual business </span><span style=\"display:inherit;clear:left;\">combination transaction.</span><span style=\"display:inherit;clear:left;\">If control is assumed in successive stages, the </span><span style=\"display:inherit;clear:left;\">consideration transferred is determined by adding </span><span style=\"display:inherit;clear:left;\">together the fair value of the equity investment previously </span><span style=\"display:inherit;clear:left;\">held in the acquired company and theamount paid to </span><span style=\"display:inherit;clear:left;\">acquire the additional equity investment. The difference </span><span style=\"display:inherit;clear:left;\">between the fair value of the previously held equity </span><span style=\"display:inherit;clear:left;\">investment (redetermined at the time of acquisition </span><span style=\"display:inherit;clear:left;\">of control) and the relative book value is posted to </span><span style=\"display:inherit;clear:left;\">the income statement. Upon acquisition of control, </span><span style=\"display:inherit;clear:left;\">any components previously recognised under other </span><span style=\"display:inherit;clear:left;\">components in the comprehensive income statement </span><span style=\"display:inherit;clear:left;\">are posted to the income statement or to another item </span><span style=\"display:inherit;clear:left;\">of shareholders\u2019 equity, if no provisions are made for </span><span style=\"display:inherit;clear:left;\">classification in the income statement.</span><span style=\"display:inherit;clear:left;\">When the values of the assets and liabilities of the </span><span style=\"display:inherit;clear:left;\">acquired entity are determined provisionally in the </span><span style=\"display:inherit;clear:left;\">financial year in which the business combination is </span><span style=\"display:inherit;clear:left;\">concluded, the figures recorded are adjusted, with </span><span style=\"display:inherit;clear:left;\">retroactive effect, no later than 12 months after the </span><span style=\"display:inherit;clear:left;\">acquisition date, to take into account new information </span><span style=\"display:inherit;clear:left;\">about facts and circumstances in existence at the </span><span style=\"display:inherit;clear:left;\">acquisition date.</span><span style=\"display:inherit;clear:left;\">Business combinations involving entities under joint </span><span style=\"display:inherit;clear:left;\">control</span><span style=\"display:inherit;clear:left;\">Business combinations involving companies that are </span><span style=\"display:inherit;clear:left;\">definitively controlled by the same company or companies </span><span style=\"display:inherit;clear:left;\">before and after the transaction, and where such control </span><span style=\"display:inherit;clear:left;\">is not temporary, are classed as \u201cBusiness combinations </span><span style=\"display:inherit;clear:left;\">of entities under common control\u201d, whose accounting </span><span style=\"display:inherit;clear:left;\">is not specifically disclosed in IFRS.  In the absence of </span><span style=\"display:inherit;clear:left;\">a reference accounting standard, the selection of an </span><span style=\"display:inherit;clear:left;\">accounting standard for such transactions, for which </span><span style=\"display:inherit;clear:left;\">a significant influence on future cash flows cannot be </span><span style=\"display:inherit;clear:left;\">established, is guided by the principle of prudence, which </span><span style=\"display:inherit;clear:left;\">leads to the application of the criterion of continuity of </span><span style=\"display:inherit;clear:left;\">values of the net assets acquired. The assets are measured </span><span style=\"display:inherit;clear:left;\">at the book values from the financial statements of the </span><span style=\"display:inherit;clear:left;\">companies being acquired (or the vendor company) </span><span style=\"display:inherit;clear:left;\">before the transaction or<span class=\"_ _1\"></span>, alternatively, at the values from </span><span style=\"display:inherit;clear:left;\">the consolidated financial statements of the common </span><span style=\"display:inherit;clear:left;\">ultimate parent.</span><span style=\"display:inherit;clear:left;\">With regard to the sale of business, the treatment </span><span style=\"display:inherit;clear:left;\">of the difference between the contractually defined </span><span style=\"display:inherit;clear:left;\">consideration and the carrying amounts of the transferred </span><span style=\"display:inherit;clear:left;\">business is differentiated depending on the entities </span><span style=\"display:inherit;clear:left;\">involved in the transfer<span class=\"_ _1\"></span>. </span><span style=\"display:inherit;clear:left;\">With regard to contributions involving businesses under </span><span style=\"display:inherit;clear:left;\">common control, on the other hand, irrespective of the </span><span style=\"display:inherit;clear:left;\">pre-existing investment relationship, the transferee entity </span><span style=\"display:inherit;clear:left;\">recognises the transferred business at its historical carrying </span><span style=\"display:inherit;clear:left;\">value, increasing its own equity by an equal amount; the </span><span style=\"display:inherit;clear:left;\">transferring entity shall recognise the investment in the </span><span style=\"display:inherit;clear:left;\">transferee entity at an amount equal to the increase in the </span><span style=\"display:inherit;clear:left;\">latter\u2019s shareholders\u2019 equity. This accounting treatment </span><span style=\"display:inherit;clear:left;\">refers to the proposal by Assirevi in the Preliminar<span class=\"_ _0\"></span>y </span><span style=\"display:inherit;clear:left;\">Guidelines on IFRS (OPI No. 1 Revised) - \u201c<span class=\"_ _1\"></span>Accounting </span><span style=\"display:inherit;clear:left;\">treatment of business combinations of entities under </span><span style=\"display:inherit;clear:left;\">common control in the separate and consolidated financial </span><span style=\"display:inherit;clear:left;\">statements\u201d issued in October 2016.</span><span style=\"display:inherit;clear:left;\">Accounting treatment of put options written on the </span><span style=\"display:inherit;clear:left;\">shares of subsidiaries</span><span style=\"display:inherit;clear:left;\">Therefore, if the Group does not have the unconditional </span><span style=\"display:inherit;clear:left;\">right to avoid delivery of cash or other financial instruments </span><span style=\"display:inherit;clear:left;\">when a put option on shares in subsidiaries is exercised, a </span><span style=\"display:inherit;clear:left;\">financial liability equal to the current value of the option </span><span style=\"display:inherit;clear:left;\">exercise price is recognised and subsequent changes in the </span><span style=\"display:inherit;clear:left;\">financial liability are recognised in the income statement. </span><span style=\"display:inherit;clear:left;\">The same accounting treatment is applicable when, in </span><span style=\"display:inherit;clear:left;\">addition to a put option, there is also the simultaneous </span><span style=\"display:inherit;clear:left;\">presence of a symmetrical call option, the so-called </span><span style=\"display:inherit;clear:left;\">\u201csymmetrical put and call options related to non-controlling </span><span style=\"display:inherit;clear:left;\">interest\u201d.</span><span style=\"display:inherit;clear:left;\">Snam considers that shares subject to put options (or </span><span style=\"display:inherit;clear:left;\">symmetrical put and call options) have already been </span><span style=\"display:inherit;clear:left;\">acquired by the Group, in cases where the economic </span><span style=\"display:inherit;clear:left;\">benefits and risks associated with the actual ownership of </span><span style=\"display:inherit;clear:left;\">the shares do not remain with the minority shareholders; </span><span style=\"display:inherit;clear:left;\">therefore, in such circumstances, it does not recognise </span><span style=\"display:inherit;clear:left;\">minority interests in the consolidated financial statements.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__21": {
   "value": "<span style=\"display:inherit;clear:left;\">Fully consolidated subsidiaries</span><span style=\"display:inherit;clear:left;\">The Group defines another entity as a subsidiary when it:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>has the power to make decisions concerning the investee </span><span style=\"display:inherit;clear:left;\">entity;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>is entitled to receive a share of or is exposed to the </span><span style=\"display:inherit;clear:left;\">variable profits and losses of the investee entity;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>is able to exercise power over the investee entity in such </span><span style=\"display:inherit;clear:left;\">a way as to affect the amount of its economic returns.</span><span style=\"display:inherit;clear:left;\">Figures relating to subsidiaries are included in the </span><span style=\"display:inherit;clear:left;\">consolidated financial statements, based on uniform </span><span style=\"display:inherit;clear:left;\">accounting policies, from the date on which the Company </span><span style=\"display:inherit;clear:left;\">assumes direct or indirect control over them until the date </span><span style=\"display:inherit;clear:left;\">on which said control ceases to exist. The assets, liabilities, </span><span style=\"display:inherit;clear:left;\">income and expenses of consolidated companies are fully </span><span style=\"display:inherit;clear:left;\">incorporated line-by-line in the consolidated Financial </span><span style=\"display:inherit;clear:left;\">Statements (full consolidation method). </span><span style=\"display:inherit;clear:left;\">Unrealised gains from transactions between consolidated </span><span style=\"display:inherit;clear:left;\">companies are derecognised, as are receivables, payables, </span><span style=\"display:inherit;clear:left;\">income, expenses, guarantees, commitments and risks </span><span style=\"display:inherit;clear:left;\">between consolidated companies. The portion pertaining </span><span style=\"display:inherit;clear:left;\">to the Group of unrealised gains with companies valued </span><span style=\"display:inherit;clear:left;\">using the equity method is derecognised. In both cases, </span><span style=\"display:inherit;clear:left;\">intragroup losses are not derecognised because they </span><span style=\"display:inherit;clear:left;\">are considered to represent the impairment loss on the </span><span style=\"display:inherit;clear:left;\">transferred asset.</span><span style=\"display:inherit;clear:left;\">Changes in equity investments held directly or indirectly </span><span style=\"display:inherit;clear:left;\">by the Company in subsidiaries that do not result in a </span><span style=\"display:inherit;clear:left;\">change in the qualification of the investment as a subsidiary </span><span style=\"display:inherit;clear:left;\">are recorded directly in equity as transactions with </span><span style=\"display:inherit;clear:left;\">shareholders. The book value of the equity attributable to </span><span style=\"display:inherit;clear:left;\">Parent company shareholders and non-controlling interests </span><span style=\"display:inherit;clear:left;\">are adjusted to reflect the change in the equity investment </span><span style=\"display:inherit;clear:left;\">ownership. The difference between the book value of </span><span style=\"display:inherit;clear:left;\">minority interests and the fair value of the consideration </span><span style=\"display:inherit;clear:left;\">paid or received is recorded directly under equity </span><span style=\"display:inherit;clear:left;\">attributable to Parent company shareholders.</span><span style=\"display:inherit;clear:left;\">Otherwise, the selling of interests entailing loss of control </span><span style=\"display:inherit;clear:left;\">requires the posting to the income statement of: (i) </span><span style=\"display:inherit;clear:left;\">any capital gains or losses calculated as the difference </span><span style=\"display:inherit;clear:left;\">between the consideration received and the corresponding </span><span style=\"display:inherit;clear:left;\">portion of shareholders\u2019 equity transferred; (ii) the effect </span><span style=\"display:inherit;clear:left;\">of the alignment to the fair value of any residual equity </span><span style=\"display:inherit;clear:left;\">investment maintained; (iii) any amounts posted to other </span><span style=\"display:inherit;clear:left;\">components in the comprehensive income statement </span><span style=\"display:inherit;clear:left;\">relating to the former subsidiary that will be reclassified </span><span style=\"display:inherit;clear:left;\">to the income statement. The fair value of any equity </span><span style=\"display:inherit;clear:left;\">investment maintained at the date of loss of control </span><span style=\"display:inherit;clear:left;\">represents the new reference value for the successive </span><span style=\"display:inherit;clear:left;\">valuation of the equity investment according to the </span><span style=\"display:inherit;clear:left;\">applicable valuation criteria.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__22": {
   "value": "<span style=\"display:inherit;clear:left;\">Associates and joint ventures accounted for using the </span><span style=\"display:inherit;clear:left;\">equity method</span><span style=\"display:inherit;clear:left;\">An associate is an investee in which the Group has </span><span style=\"display:inherit;clear:left;\">significant influence, i.e., the power to participate in </span><span style=\"display:inherit;clear:left;\">determining the financial and operating policies of the </span><span style=\"display:inherit;clear:left;\">associate company, without, however<span class=\"_ _1\"></span>, having control or </span><span style=\"display:inherit;clear:left;\">3</span><span style=\"display:inherit;clear:left;\">joint control</span><span style=\"display:inherit;clear:left;\">; over it. The investor is presumed to have </span><span style=\"display:inherit;clear:left;\">significant influence (unless the contrary can be proven ) if </span><span style=\"display:inherit;clear:left;\">it owns, directly or indirectly through subsidiaries, at least </span><span style=\"display:inherit;clear:left;\">20% of the exercisable voting rights.</span><span style=\"display:inherit;clear:left;\">A joint venture is a joint arrangement in which the parties </span><span style=\"display:inherit;clear:left;\">that hold joint control have rights to the net assets subject </span><span style=\"display:inherit;clear:left;\">to the arrangement and, therefore, havean interest in the </span><span style=\"display:inherit;clear:left;\">jointly controlled corporate vehicle.</span><span style=\"display:inherit;clear:left;\">Equity investments in associates and joint ventures </span><span style=\"display:inherit;clear:left;\">are measured using the equity method, whereby </span><span style=\"display:inherit;clear:left;\">the investments are initially recognised at cost and </span><span style=\"display:inherit;clear:left;\">subsequently adjusted to take account of:</span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span>the investor\u2019s share in the economic results of the </span><span style=\"display:inherit;clear:left;\">investee after the acquisition date;</span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>the investor<span class=\"_ _0\"></span>\u2019s share of the other components in the </span><span style=\"display:inherit;clear:left;\">comprehensive income statement of the investee.</span><span style=\"display:inherit;clear:left;\">Dividends distributed by the investee are recognised net of </span><span style=\"display:inherit;clear:left;\">the book value of the equity investment. For the purposes </span><span style=\"display:inherit;clear:left;\">of applying the equity method, the adjustments provided </span><span style=\"display:inherit;clear:left;\">for the consolidation process are taken into account (see </span><span style=\"display:inherit;clear:left;\">also the previous point on fully consolidated subsidiaries).</span><span style=\"display:inherit;clear:left;\">In the case of an associate relationship (or joint control </span><span style=\"display:inherit;clear:left;\">) the cost of the investment is measured, in subsequent </span><span style=\"display:inherit;clear:left;\">stages, as the sum of the fair values of the previously held </span><span style=\"display:inherit;clear:left;\">interests and the fair value of the consideration transferred </span><span style=\"display:inherit;clear:left;\">at the date the investment qualifies as an associate (or </span><span style=\"display:inherit;clear:left;\">as jointly controlled). The effect of the revaluation of the </span><span style=\"display:inherit;clear:left;\">book value of equity interests held prior to the assumption </span><span style=\"display:inherit;clear:left;\">of the connection (or joint control) is recognised in profit </span><span style=\"display:inherit;clear:left;\">or loss, including any components recognised in other </span><span style=\"display:inherit;clear:left;\">comprehensive income. The sale of the investment that </span><span style=\"display:inherit;clear:left;\">results in loss of joint control or significant influence over </span><span style=\"display:inherit;clear:left;\">the investee determines the recognition of the following in </span><span style=\"display:inherit;clear:left;\">the income statement: any capital gains or losses calculated </span><span style=\"display:inherit;clear:left;\">as the difference between the consideration received </span><span style=\"display:inherit;clear:left;\">and the corresponding fractionof thebook value of the </span><span style=\"display:inherit;clear:left;\">investment sold; (ii) the effect of the alignment to the </span><span style=\"display:inherit;clear:left;\">fair value of any residual equity investment maintained; </span><span style=\"display:inherit;clear:left;\">(iii) any amounts posted to other components in the </span><span style=\"display:inherit;clear:left;\">comprehensive income statement relating to the investee </span><span style=\"display:inherit;clear:left;\">entity that will be reclassified to the income statement. The </span><span style=\"display:inherit;clear:left;\">value of any equity investment maintained, aligned with </span><span style=\"display:inherit;clear:left;\">the relative fair value at the date of loss of joint control or </span><span style=\"display:inherit;clear:left;\">significant influence, represents the new reference value </span><span style=\"display:inherit;clear:left;\">for the successive valuation according to the applicable </span><span style=\"display:inherit;clear:left;\">valuation criteria. </span><span style=\"display:inherit;clear:left;\">3 <span class=\"_ _80\"> </span>Joint control is the sharing, on a contractual basis, of control of an </span><span style=\"display:inherit;clear:left;\">arrangement, which exists only when the unanimous consent of all </span><span style=\"display:inherit;clear:left;\">parties sharing control is required for decisions on relevant activities.</span><span style=\"display:inherit;clear:left;\">If there is objective evidence of impairment, the Group </span><span style=\"display:inherit;clear:left;\">performs an impairment test by comparing the book </span><span style=\"display:inherit;clear:left;\">value with the relative recoverable value, recording this </span><span style=\"display:inherit;clear:left;\">difference in the income statement under 'Share of profit </span><span style=\"display:inherit;clear:left;\">or loss of investments accounted for using the equity </span><span style=\"display:inherit;clear:left;\">method'. In the event that the Group's share of the loss </span><span style=\"display:inherit;clear:left;\">exceeds the book value of the investment, the latter </span><span style=\"display:inherit;clear:left;\">is written off and any excess is recognised in a special </span><span style=\"display:inherit;clear:left;\">provision, if the investor is obliged to fulfil legal or implicit </span><span style=\"display:inherit;clear:left;\">obligations of the investee company or otherwise cover </span><span style=\"display:inherit;clear:left;\">its losses. When the reasons for the impairment losses no </span><span style=\"display:inherit;clear:left;\">longer apply, equity investments are revalued up to the </span><span style=\"display:inherit;clear:left;\">amount of the impairment losses entered, with the effect </span><span style=\"display:inherit;clear:left;\">posted to the income statement under the above item.</span><span style=\"display:inherit;clear:left;\">The parent company\u2019s share of any losses of the investee </span><span style=\"display:inherit;clear:left;\">company, greater than the investment\u2019s book value, is </span><span style=\"display:inherit;clear:left;\">recognised in a special provision to the extent that the </span><span style=\"display:inherit;clear:left;\">parent company is committed to fulfilling its legal or </span><span style=\"display:inherit;clear:left;\">implied obligations to the investee, or<span class=\"_ _1\"></span>, in any event<span class=\"_ _0\"></span>, to </span><span style=\"display:inherit;clear:left;\">covering its losses.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__23": {
   "value": "<span style=\"display:inherit;clear:left;\">Business combinations</span><span style=\"display:inherit;clear:left;\">Business combinations are transactions with which the </span><span style=\"display:inherit;clear:left;\">group acquires control of a business. T<span class=\"_ _1\"></span>o determine </span><span style=\"display:inherit;clear:left;\">whether a particular set of acquired assets and activities </span><span style=\"display:inherit;clear:left;\">meets the definition of a \u201cbusiness\u201d, the Group examines </span><span style=\"display:inherit;clear:left;\">whether that set comprises, at least, a production factor </span><span style=\"display:inherit;clear:left;\">and a substantial process and whether it has the ability to </span><span style=\"display:inherit;clear:left;\">generate production. </span><span style=\"display:inherit;clear:left;\">Business combinations are accounted for by applying the </span><span style=\"display:inherit;clear:left;\">acquisition method, whereby the consideration transferred </span><span style=\"display:inherit;clear:left;\">at the date of acquisition of control is equal to the fair </span><span style=\"display:inherit;clear:left;\">value of the assets transferred, the liabilities incurred or </span><span style=\"display:inherit;clear:left;\">taken on, and any equity instrumentsissued. </span><span style=\"display:inherit;clear:left;\">The consideration transferred also includes the current </span><span style=\"display:inherit;clear:left;\">value of any deferred fixed payments and the fair value </span><span style=\"display:inherit;clear:left;\">of any contingent considerations (e.g earn-outs). If the </span><span style=\"display:inherit;clear:left;\">contingent consideration meets the definition of an equity </span><span style=\"display:inherit;clear:left;\">instrument, it is classified as shareholders\u2019 equity and is not </span><span style=\"display:inherit;clear:left;\">measured thereafter<span class=\"_ _1\"></span>. Other contingent considerations are </span><span style=\"display:inherit;clear:left;\">recognised as a liabilities and are measured at fair value at </span><span style=\"display:inherit;clear:left;\">each financial year-end; changes in fair value are recognised </span><span style=\"display:inherit;clear:left;\">in the income statement.</span><span style=\"display:inherit;clear:left;\">Costs directly attributable to the transaction, other than </span><span style=\"display:inherit;clear:left;\">those related to the issue of debt or equity instruments, </span><span style=\"display:inherit;clear:left;\">are recognised in the income statement when they are </span><span style=\"display:inherit;clear:left;\">incurred.</span><span style=\"display:inherit;clear:left;\">The shareholders\u2019 equity of these associate companies is </span><span style=\"display:inherit;clear:left;\">determined by attributing to each asset and liability its fair </span><span style=\"display:inherit;clear:left;\">value at the date of acquisition of control.  If positive, any </span><span style=\"display:inherit;clear:left;\">difference from the consideration transferred is posted to </span><span style=\"display:inherit;clear:left;\">the asset item \u201cGoodwill\u201d; if negative, it is posted instead </span><span style=\"display:inherit;clear:left;\">to the income statement.</span><span style=\"display:inherit;clear:left;\">Where total control is not acquired, the share of equity </span><span style=\"display:inherit;clear:left;\">attributable to minority interests is determined based </span><span style=\"display:inherit;clear:left;\">on the share of the current values attributed to assets </span><span style=\"display:inherit;clear:left;\">and liabilities at the date of acquisition of control, </span><span style=\"display:inherit;clear:left;\">net of any goodwill (the \u201cpartial goodwill method\u201d). </span><span style=\"display:inherit;clear:left;\">Alternatively, the full amount of the goodwill generated </span><span style=\"display:inherit;clear:left;\">by the acquisition is recognised, therefore also taking into </span><span style=\"display:inherit;clear:left;\">account the portion attributable to minority interests </span><span style=\"display:inherit;clear:left;\">(the \u201cfull goodwill method\u201d). In this case, non-controlling </span><span style=\"display:inherit;clear:left;\">interests are expressed at their total fair value, including </span><span style=\"display:inherit;clear:left;\">the attributable share of goodwill. The choice of how </span><span style=\"display:inherit;clear:left;\">to determine goodwill (Partial goodwill method or full </span><span style=\"display:inherit;clear:left;\">goodwill method) is based on each individual business </span><span style=\"display:inherit;clear:left;\">combination transaction.</span><span style=\"display:inherit;clear:left;\">If control is assumed in successive stages, the </span><span style=\"display:inherit;clear:left;\">consideration transferred is determined by adding </span><span style=\"display:inherit;clear:left;\">together the fair value of the equity investment previously </span><span style=\"display:inherit;clear:left;\">held in the acquired company and theamount paid to </span><span style=\"display:inherit;clear:left;\">acquire the additional equity investment. The difference </span><span style=\"display:inherit;clear:left;\">between the fair value of the previously held equity </span><span style=\"display:inherit;clear:left;\">investment (redetermined at the time of acquisition </span><span style=\"display:inherit;clear:left;\">of control) and the relative book value is posted to </span><span style=\"display:inherit;clear:left;\">the income statement. Upon acquisition of control, </span><span style=\"display:inherit;clear:left;\">any components previously recognised under other </span><span style=\"display:inherit;clear:left;\">components in the comprehensive income statement </span><span style=\"display:inherit;clear:left;\">are posted to the income statement or to another item </span><span style=\"display:inherit;clear:left;\">of shareholders\u2019 equity, if no provisions are made for </span><span style=\"display:inherit;clear:left;\">classification in the income statement.</span><span style=\"display:inherit;clear:left;\">When the values of the assets and liabilities of the </span><span style=\"display:inherit;clear:left;\">acquired entity are determined provisionally in the </span><span style=\"display:inherit;clear:left;\">financial year in which the business combination is </span><span style=\"display:inherit;clear:left;\">concluded, the figures recorded are adjusted, with </span><span style=\"display:inherit;clear:left;\">retroactive effect, no later than 12 months after the </span><span style=\"display:inherit;clear:left;\">acquisition date, to take into account new information </span><span style=\"display:inherit;clear:left;\">about facts and circumstances in existence at the </span><span style=\"display:inherit;clear:left;\">acquisition date.</span><span style=\"display:inherit;clear:left;\">Business combinations involving entities under joint </span><span style=\"display:inherit;clear:left;\">control</span><span style=\"display:inherit;clear:left;\">Business combinations involving companies that are </span><span style=\"display:inherit;clear:left;\">definitively controlled by the same company or companies </span><span style=\"display:inherit;clear:left;\">before and after the transaction, and where such control </span><span style=\"display:inherit;clear:left;\">is not temporary, are classed as \u201cBusiness combinations </span><span style=\"display:inherit;clear:left;\">of entities under common control\u201d, whose accounting </span><span style=\"display:inherit;clear:left;\">is not specifically disclosed in IFRS.  In the absence of </span><span style=\"display:inherit;clear:left;\">a reference accounting standard, the selection of an </span><span style=\"display:inherit;clear:left;\">accounting standard for such transactions, for which </span><span style=\"display:inherit;clear:left;\">a significant influence on future cash flows cannot be </span><span style=\"display:inherit;clear:left;\">established, is guided by the principle of prudence, which </span><span style=\"display:inherit;clear:left;\">leads to the application of the criterion of continuity of </span><span style=\"display:inherit;clear:left;\">values of the net assets acquired. The assets are measured </span><span style=\"display:inherit;clear:left;\">at the book values from the financial statements of the </span><span style=\"display:inherit;clear:left;\">companies being acquired (or the vendor company) </span><span style=\"display:inherit;clear:left;\">before the transaction or<span class=\"_ _1\"></span>, alternatively, at the values from </span><span style=\"display:inherit;clear:left;\">the consolidated financial statements of the common </span><span style=\"display:inherit;clear:left;\">ultimate parent.</span><span style=\"display:inherit;clear:left;\">With regard to the sale of business, the treatment </span><span style=\"display:inherit;clear:left;\">of the difference between the contractually defined </span><span style=\"display:inherit;clear:left;\">consideration and the carrying amounts of the transferred </span><span style=\"display:inherit;clear:left;\">business is differentiated depending on the entities </span><span style=\"display:inherit;clear:left;\">involved in the transfer<span class=\"_ _1\"></span>. </span><span style=\"display:inherit;clear:left;\">With regard to contributions involving businesses under </span><span style=\"display:inherit;clear:left;\">common control, on the other hand, irrespective of the </span><span style=\"display:inherit;clear:left;\">pre-existing investment relationship, the transferee entity </span><span style=\"display:inherit;clear:left;\">recognises the transferred business at its historical carrying </span><span style=\"display:inherit;clear:left;\">value, increasing its own equity by an equal amount; the </span><span style=\"display:inherit;clear:left;\">transferring entity shall recognise the investment in the </span><span style=\"display:inherit;clear:left;\">transferee entity at an amount equal to the increase in the </span><span style=\"display:inherit;clear:left;\">latter\u2019s shareholders\u2019 equity. This accounting treatment </span><span style=\"display:inherit;clear:left;\">refers to the proposal by Assirevi in the Preliminar<span class=\"_ _0\"></span>y </span><span style=\"display:inherit;clear:left;\">Guidelines on IFRS (OPI No. 1 Revised) - \u201c<span class=\"_ _1\"></span>Accounting </span><span style=\"display:inherit;clear:left;\">treatment of business combinations of entities under </span><span style=\"display:inherit;clear:left;\">common control in the separate and consolidated financial </span><span style=\"display:inherit;clear:left;\">statements\u201d issued in October 2016.</span><span style=\"display:inherit;clear:left;\">Accounting treatment of put options written on the </span><span style=\"display:inherit;clear:left;\">shares of subsidiaries</span><span style=\"display:inherit;clear:left;\">Therefore, if the Group does not have the unconditional </span><span style=\"display:inherit;clear:left;\">right to avoid delivery of cash or other financial instruments </span><span style=\"display:inherit;clear:left;\">when a put option on shares in subsidiaries is exercised, a </span><span style=\"display:inherit;clear:left;\">financial liability equal to the current value of the option </span><span style=\"display:inherit;clear:left;\">exercise price is recognised and subsequent changes in the </span><span style=\"display:inherit;clear:left;\">financial liability are recognised in the income statement. </span><span style=\"display:inherit;clear:left;\">The same accounting treatment is applicable when, in </span><span style=\"display:inherit;clear:left;\">addition to a put option, there is also the simultaneous </span><span style=\"display:inherit;clear:left;\">presence of a symmetrical call option, the so-called </span><span style=\"display:inherit;clear:left;\">\u201csymmetrical put and call options related to non-controlling </span><span style=\"display:inherit;clear:left;\">interest\u201d.</span><span style=\"display:inherit;clear:left;\">Snam considers that shares subject to put options (or </span><span style=\"display:inherit;clear:left;\">symmetrical put and call options) have already been </span><span style=\"display:inherit;clear:left;\">acquired by the Group, in cases where the economic </span><span style=\"display:inherit;clear:left;\">benefits and risks associated with the actual ownership of </span><span style=\"display:inherit;clear:left;\">the shares do not remain with the minority shareholders; </span><span style=\"display:inherit;clear:left;\">therefore, in such circumstances, it does not recognise </span><span style=\"display:inherit;clear:left;\">minority interests in the consolidated financial statements.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__24": {
   "value": "<span style=\"display:inherit;clear:left;\">5.2 <span class=\"_ _3c\"> </span>Property<span class=\"_ _11\"></span>, plant and equipment </span><span style=\"display:inherit;clear:left;\">Recognition and measurement of owned assets</span><span style=\"display:inherit;clear:left;\">Property, plant and equipment are measured at cost, less </span><span style=\"display:inherit;clear:left;\">accumulated depreciation and impairment losses. When </span><span style=\"display:inherit;clear:left;\">a significant period of time is needed before the asset is </span><span style=\"display:inherit;clear:left;\">ready for use, financial expenses incurred during the asset </span><span style=\"display:inherit;clear:left;\">preparation period are also capitalised in the cost of the </span><span style=\"display:inherit;clear:left;\">asset.</span><span style=\"display:inherit;clear:left;\">If there are current obligations for the decommissioning </span><span style=\"display:inherit;clear:left;\">and removal of assets and restoration of the sites, </span><span style=\"display:inherit;clear:left;\">the book value includes the estimated (discounted) </span><span style=\"display:inherit;clear:left;\">costs to be incurred at the time that the structures are </span><span style=\"display:inherit;clear:left;\">decommissioned, recognised as a contra-entry to aspecific </span><span style=\"display:inherit;clear:left;\">provision. The accounting treatment for revisions in these </span><span style=\"display:inherit;clear:left;\">cost estimates, the passage of time and the discount rate </span><span style=\"display:inherit;clear:left;\">are indicated in the Note 5.9 \u201cProvisions for risks and </span><span style=\"display:inherit;clear:left;\">charges, contingent liabilities and contingent assets\u201d.</span><span style=\"display:inherit;clear:left;\">Subsequent costs of improvements, upgrades and </span><span style=\"display:inherit;clear:left;\">transformations to/of property, plant and equipment </span><span style=\"display:inherit;clear:left;\">are capitalisedwhen it is likely that they will increase </span><span style=\"display:inherit;clear:left;\">the future economic benefits expected. Costs are also </span><span style=\"display:inherit;clear:left;\">capitalised when related to items purchased for security </span><span style=\"display:inherit;clear:left;\">or environmental reasons which, although not directly </span><span style=\"display:inherit;clear:left;\">improving the future economic benefits of existing assets, </span><span style=\"display:inherit;clear:left;\">are necessary to carr<span class=\"_ _0\"></span>y out the company\u2019s operations.</span><span style=\"display:inherit;clear:left;\">Property, plant and equipment includes:  </span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span>with regard to natural gas transportation, the value </span><span style=\"display:inherit;clear:left;\">relating to the quantities of natural gas injected to </span><span style=\"display:inherit;clear:left;\">bring natural gas pipelines into service. The valuation is </span><span style=\"display:inherit;clear:left;\">carried out using the weighted average purchase price </span><span style=\"display:inherit;clear:left;\">method. Specifically, the component of this quantity </span><span style=\"display:inherit;clear:left;\">that can no longer be extracted (the \u201cinitial line pack\u201d) </span><span style=\"display:inherit;clear:left;\">is depreciated over the useful life of the plant to which </span><span style=\"display:inherit;clear:left;\">it refers. On the contrary, the commercial component, </span><span style=\"display:inherit;clear:left;\">which is eventually transferable to the market or can </span><span style=\"display:inherit;clear:left;\">be put to alternative uses (the so-called \u201cOperating line </span><span style=\"display:inherit;clear:left;\">pack\u201d), is not subject to depreciation, since by its nature </span><span style=\"display:inherit;clear:left;\">it cannot depreciate; </span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>in the context of natural gas storage, the part of the gas </span><span style=\"display:inherit;clear:left;\">injected into the storage wells as cushion gas.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__25": {
   "value": "<span style=\"display:inherit;clear:left;\">Recognition and measurement of leased assets</span><span style=\"display:inherit;clear:left;\">A contract is or contains a lease if it gives an entity the </span><span style=\"display:inherit;clear:left;\">right to control the use of an identified asset for a certain </span><span style=\"display:inherit;clear:left;\">period of time in exchange for a fee. For all leases with a </span><span style=\"display:inherit;clear:left;\">term of more than 12 months and relating to assets that </span><span style=\"display:inherit;clear:left;\">4</span><span style=\"display:inherit;clear:left;\">do not have a low value</span><span style=\"display:inherit;clear:left;\">, an asset is recognised in the </span><span style=\"display:inherit;clear:left;\">balance sheet on the effective date, i.e. when the asset is </span><span style=\"display:inherit;clear:left;\">made available for use (i) within the item property, plant </span><span style=\"display:inherit;clear:left;\">and equipment, which is representative of the right to use </span><span style=\"display:inherit;clear:left;\">the asset, and (ii) a financial liability is recognised, which </span><span style=\"display:inherit;clear:left;\">is representative of the obligation to make the payments </span><span style=\"display:inherit;clear:left;\">under the contract. </span><span style=\"display:inherit;clear:left;\">In determining the duration of the lease, the group </span><span style=\"display:inherit;clear:left;\">considers the non-cancellable period of the contract and, </span><span style=\"display:inherit;clear:left;\">when it believes there is reasonable certainty, also the </span><span style=\"display:inherit;clear:left;\">additional periods for the exercise of renewal options or </span><span style=\"display:inherit;clear:left;\">the non-exercise of early termination options provided in </span><span style=\"display:inherit;clear:left;\">the contract.</span><span style=\"display:inherit;clear:left;\">4 <span class=\"_ _80\"> </span>The Group considers low-value goods to be all goods whose value is </span><span style=\"display:inherit;clear:left;\">\u20ac25,000 or less. </span><span style=\"display:inherit;clear:left;\">Liabilities for leases are recognised initially at an amount </span><span style=\"display:inherit;clear:left;\">equal to the current value of the following lease payments </span><span style=\"display:inherit;clear:left;\">not yet made at the lease commencement date: </span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span>fixed (or substantially fixed) payments, net of any </span><span style=\"display:inherit;clear:left;\">incentives to be received; </span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>variable payments that depend on trends in rates or </span><span style=\"display:inherit;clear:left;\">indices;</span><span style=\"display:inherit;clear:left;\">(iii) estimated future payments for any residual value </span><span style=\"display:inherit;clear:left;\">guarantees, for the exercise of the purchase option and </span><span style=\"display:inherit;clear:left;\">for any penalties related to the early termination of the </span><span style=\"display:inherit;clear:left;\">contract, if the group considers the exercise of such </span><span style=\"display:inherit;clear:left;\">options to be reasonably certain.</span><span style=\"display:inherit;clear:left;\">The current value of the payments is calculated using a </span><span style=\"display:inherit;clear:left;\">discount rate equal to the group\u2019s marginal borrowing </span><span style=\"display:inherit;clear:left;\">rate taking into account the frequency and duration of </span><span style=\"display:inherit;clear:left;\">payments under the lease agreement.</span><span style=\"display:inherit;clear:left;\">Subsequent to initial recognition, the lease liability is </span><span style=\"display:inherit;clear:left;\">measured at amortised cost and is redetermined, against </span><span style=\"display:inherit;clear:left;\">the book value of the right<span class=\"_ _c\"></span>-of-use asset, when there is a </span><span style=\"display:inherit;clear:left;\">change in the lease payments due as a result of: </span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span>contract renegotiations;</span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>changes in rates or indices; or </span><span style=\"display:inherit;clear:left;\">(iii) changes in measurement made regarding the exercise </span><span style=\"display:inherit;clear:left;\">of contractually-provided options (e.g. purchase of the </span><span style=\"display:inherit;clear:left;\">leased asset or the extension or early termination of the </span><span style=\"display:inherit;clear:left;\">contract).</span><span style=\"display:inherit;clear:left;\">The right<span class=\"_ _c\"></span>-of-use asset is initially recognised at cost, </span><span style=\"display:inherit;clear:left;\">determined as the sum of the following components: </span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span>the initial amount of the finance lease liability; </span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>the initial direct costs incurred by the lessee; </span><span style=\"display:inherit;clear:left;\">(iii) any payments made on or before the lease </span><span style=\"display:inherit;clear:left;\">commencement date, net of any incentives received by </span><span style=\"display:inherit;clear:left;\">the lessor; and </span><span style=\"display:inherit;clear:left;\">(iv) the best estimate of the costs that the group expects to </span><span style=\"display:inherit;clear:left;\">incur for the decommissioning and removal of the asset </span><span style=\"display:inherit;clear:left;\">as well as the eventual reclamation of the site (i.e. the </span><span style=\"display:inherit;clear:left;\">costs to restore the asset to its contractual condition). </span><span style=\"display:inherit;clear:left;\">After the initial recognition, the right<span class=\"_ _c\"></span>-of-use asset is </span><span style=\"display:inherit;clear:left;\">adjusted to take account of:</span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span> depreciation and amortisation expense;</span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>the related effects and any restatements of the </span><span style=\"display:inherit;clear:left;\">financial lease liability and </span><span style=\"display:inherit;clear:left;\">(iii) the related effects and any restatements of the </span><span style=\"display:inherit;clear:left;\">financial lease liability.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__26": {
   "value": "<span style=\"display:inherit;clear:left;\">Depreciation of property<span class=\"_ _1\"></span>, plant and equipment  </span><span style=\"display:inherit;clear:left;\">Starting when the asset is available and ready for use, owned and leased property, plant and equipment is systematically </span><span style=\"display:inherit;clear:left;\">depreciated on a straight<span class=\"_ _c\"></span>-line basis over its useful life, defined as the period of time in which it is expected that the </span><span style=\"display:inherit;clear:left;\">company may use the asset. The amount to be depreciated is the book value, reduced by the projected net realisable value </span><span style=\"display:inherit;clear:left;\">at the end of the asset\u2019s useful life, if this is significant and can be reasonably determined.</span><span style=\"display:inherit;clear:left;\">The table below shows the annual depreciation rates used for the year in question, broken down into homogeneous </span><span style=\"display:inherit;clear:left;\">5</span><span style=\"display:inherit;clear:left;\">categories, together with the relevant period of application</span><span style=\"display:inherit;clear:left;\">: </span><span style=\"display:inherit;clear:left;position:relative;height:737.630859375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 444.625px; top: 0.0078125px; width: 280.535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Annual economic</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-technic</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">al depreciation rat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e (%) </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 38.4824px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Land</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 604.867px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">not depreciated</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 63.9512px; width: 718.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Buildings</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 405.862px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2 or higher depending on the residual useful life</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 89.4043px; width: 208.746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Plant and machinery \u2013 Transportation</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 114.873px; width: 718.939px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Gas pipelines </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 377.197px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2 or higher depending on the residual useful life</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 140.342px; width: 718.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Compression plants</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 344.103px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5 or higher depending on the residual useful life</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 165.795px; width: 718.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Gas reduction and regulation plants</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 257.344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5 or higher depending on the residual useful life</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 191.264px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Radio links</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 640.47px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">25</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 216.732px; width: 718.992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Monitoring and control instruments and syst</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ems</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.219px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10 or higher depending on the residual useful life</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 242.186px; width: 168.732px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Plant and machinery \u2013 Storage</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 267.654px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Pipelines</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 656.456px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 293.123px; width: 719.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">reatment plants </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 609.311px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 318.592px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Compression stations</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 588.461px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 344.045px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Storage wells</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 615.803px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.66</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 369.514px; width: 718.992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Monitoring and control instruments and syst</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ems</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.219px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10 or higher depending on the residual useful life</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 394.982px; width: 201.568px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Plant and machinery \u2013 regasification</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 420.436px; width: 718.887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Regasification plants </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 335.103px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4 or higher depending on the residual useful life</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 445.904px; width: 719.32px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">anks and oil pipelines</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 329.818px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4 or higher depending on the residual useful life</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 471.373px; width: 235.682px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Plant and machinery - Biogas/Biomethane </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 496.826px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Biogas/biomethane plants</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 324.334px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6-7 or depending on the remaining useful life</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 522.295px; width: 213.627px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Plant and machinery - Energy efficienc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 547.764px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Energy efficiency plants</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 558.739px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7-10</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 573.232px; width: 70.5996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other assets</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 598.686px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Centralised IT infrastructures</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 546.54px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 624.154px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other plant and equipment</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 526.894px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2.5-12.5</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 649.623px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Measuring equipment</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 575.614px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5-10</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 675.076px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Industrial and Commercial Equipment</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 483.956px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10-35</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 700.545px; width: 718.922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 391.331px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10-33 or depending on the remaining useful life</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 726.014px; width: 391.945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rights of use for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 223.295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 391.945px; top: 726.014px; width: 326.953px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">&lt; between the economic</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-technical life and contract duration</span></span></span><span style=\"display:inherit;clear:left;\">When an item recorded under property, plant and equipment consists of several significant components with different </span><span style=\"display:inherit;clear:left;\">useful lives, a component approach is adopted, whereby each individual component depreciates separately.</span><span style=\"display:inherit;clear:left;\">5 <span class=\"_ _80\"> </span>The application rate or internal could be higher depending on the residual life following business combination acquisitions and/or transactions.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__27": {
   "value": "<span style=\"display:inherit;clear:left;\">5.3 <span class=\"_ _3c\"> </span>Intangible assets and goodwill</span><span style=\"display:inherit;clear:left;\">Recognition and measurement of intangible assets and goodwill</span><span style=\"display:inherit;clear:left;\">Intangible assets are those non monetary assets without identifiable physical form, are controlled by the group and are </span><span style=\"display:inherit;clear:left;\">capable of generating future economic benefits. They are recognised at cost net of amortisation and any accumulated </span><span style=\"display:inherit;clear:left;\">impairment losses.</span><span style=\"display:inherit;clear:left;\">Goodwill arising from the acquisition of subsidiaries is measured at cost less impairment losses.</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>echnical development costs are capitalised as intangible assets when: (i) the cost attributable to the intangible asset can </span><span style=\"display:inherit;clear:left;\">be reliably determined; (ii) there is an intention, the availability of financial resources and the technical ability to make the </span><span style=\"display:inherit;clear:left;\">asset available for use or sale; and (iii) it can be shown that the asset is capable of producing future economic benefits.</span><span style=\"display:inherit;clear:left;\">Alternatively, costs for the acquisition of new knowledge or discoveries, investigations into products or alternative </span><span style=\"display:inherit;clear:left;\">processes, new techniques or models, or the design and construction of prototypes, or incurred for other scientific </span><span style=\"display:inherit;clear:left;\">research or technological developments, whichdo not meet the conditions for capitalisation are considered current costs </span><span style=\"display:inherit;clear:left;\">and charged to the income statement for the period in which they are incurred.</span><span style=\"display:inherit;clear:left;\">The book value of the storage concessions represents the reserves of natural gas in the fields (so-called cushion gas), </span><span style=\"display:inherit;clear:left;\">which does not undergo depreciation, as: </span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span>the volume of this gas is not changed by the storage activity; </span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>the economic value of the gas that can be recovered at the end of the concession, in accordance with the provisions of </span><span style=\"display:inherit;clear:left;\">the Ministerial Decree of 3 November 2005 \u201cCriteria for determining an adequate consideration for the remuneration </span><span style=\"display:inherit;clear:left;\">of assets allocated to a concessionaire for the storage of natural gas\u201d of the Ministry of Productive Activities (MAP), is </span><span style=\"display:inherit;clear:left;\">not less than the value recorded in the financial statements.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__28": {
   "value": "<span style=\"display:inherit;clear:left;\">5.4 <span class=\"_ _3c\"> </span>Public and private grants</span><span style=\"display:inherit;clear:left;\">Capital grants given by public authorities are recognised when there is reasonable certainty that the conditions </span><span style=\"display:inherit;clear:left;\">imposed by the granting government agencies for their allocation will be met, and they are recognised as a reduction </span><span style=\"display:inherit;clear:left;\">to the purchase or production cost of their related assets. Similarly, capital grants received from private entities are </span><span style=\"display:inherit;clear:left;\">recognised in accordance with the same regulatory provisions.</span><span style=\"display:inherit;clear:left;\">Operating grants are recognised in the income statement on an accruals basis, consistent with the relative costs </span><span style=\"display:inherit;clear:left;\">incurred.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__29": {
   "value": "<span style=\"display:inherit;clear:left;\">5.5 <span class=\"_ _3c\"> </span>Impairment of non-financial assets </span><span style=\"display:inherit;clear:left;\">Impairment of property<span class=\"_ _1\"></span>, plant and equipment and </span><span style=\"display:inherit;clear:left;\">intangible assets with a finite useful life</span><span style=\"display:inherit;clear:left;\">At least once a year<span class=\"_ _1\"></span>, non-financial, tangible and intangible </span><span style=\"display:inherit;clear:left;\">assets with a finite useful life are analysed to uncover any </span><span style=\"display:inherit;clear:left;\">indicators of impairment. </span><span style=\"display:inherit;clear:left;\">When there are indications that an impairment loss may </span><span style=\"display:inherit;clear:left;\">exist or when events occur leading to the assumption of </span><span style=\"display:inherit;clear:left;\">impairment of property, plant and equipment or intangible </span><span style=\"display:inherit;clear:left;\">assets with a finite useful life, their recoverability is </span><span style=\"display:inherit;clear:left;\">tested by comparing the book value with the related </span><span style=\"display:inherit;clear:left;\">recoverable value, which is the fair value, net of disposal </span><span style=\"display:inherit;clear:left;\">costs(see paragraph 5.8 \u201cSignificant accounting policies - </span><span style=\"display:inherit;clear:left;\">Measurement at fair value\u201d), or the value in use, whichever </span><span style=\"display:inherit;clear:left;\">is greater<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">The valuation is made on a per-asset basis or for the </span><span style=\"display:inherit;clear:left;\">smallest identifiable set of assets that, through ongoing </span><span style=\"display:inherit;clear:left;\">use, generates cash inflows largely independent of those </span><span style=\"display:inherit;clear:left;\">of other assets or groups of assets (Cash Generating Unit - </span><span style=\"display:inherit;clear:left;\">CGU). </span><span style=\"display:inherit;clear:left;\">The recoverable amount, in the value in use configuration, </span><span style=\"display:inherit;clear:left;\">is determined by discounting projected cash flows resulting </span><span style=\"display:inherit;clear:left;\">from the use of the asset and, if they are significant and can </span><span style=\"display:inherit;clear:left;\">be reasonably determined, from its sale at the end of its </span><span style=\"display:inherit;clear:left;\">useful life, net of any disposal costs.</span><span style=\"display:inherit;clear:left;\">This methodology is applied for the Biomethane Agri, </span><span style=\"display:inherit;clear:left;\">Biomethane Waste, Greenture and IT<span class=\"_ _c\"></span>G CGUs, as well as for </span><span style=\"display:inherit;clear:left;\">the Energy Efficiency CGU grouping.</span><span style=\"display:inherit;clear:left;\">With reference to the T<span class=\"_ _c\"></span>ransportation (Snam Rete Gas), </span><span style=\"display:inherit;clear:left;\">Regasification (Snam FSRU Piombino and LNG) and Storage </span><span style=\"display:inherit;clear:left;\">(Stogit) CGUs, the recoverable value was defined as </span><span style=\"display:inherit;clear:left;\">corresponding to the estimated value of the Net Invested </span><span style=\"display:inherit;clear:left;\">Capital recognised to these assets, for tariff purposes </span><span style=\"display:inherit;clear:left;\">(R<span class=\"_ _0\"></span>AB - Regulatory A<span class=\"_ _0\"></span>sset Base) by ARERA<span class=\"_ _0\"></span>, the energy </span><span style=\"display:inherit;clear:left;\">6</span><span style=\"display:inherit;clear:left;\">regulator<span class=\"_ _1\"></span>, net of the lump-sum components</span><span style=\"display:inherit;clear:left;\">, the Employee </span><span style=\"display:inherit;clear:left;\">Severance Indemnity (TFR) and contributions received.</span><span style=\"display:inherit;clear:left;\">Expected cash flows are determined on the basis of </span><span style=\"display:inherit;clear:left;\">reasonable and documentable assumptions representing </span><span style=\"display:inherit;clear:left;\">the best estimate of the future economic conditions of </span><span style=\"display:inherit;clear:left;\">the business or group of businesses, with greater weight </span><span style=\"display:inherit;clear:left;\">given to external indications. Discounting is done at a rate </span><span style=\"display:inherit;clear:left;\">reflecting current market conditions for the time value of </span><span style=\"display:inherit;clear:left;\">money and specific risks of the asset not reflected in the </span><span style=\"display:inherit;clear:left;\">estimated cash flows. </span><span style=\"display:inherit;clear:left;\">If the book value of the asset or CGU is greater than its </span><span style=\"display:inherit;clear:left;\">recoverable amount, an impairment loss is recognised in </span><span style=\"display:inherit;clear:left;\">6 <span class=\"_ _80\"> </span>The RAB is the basis for determining the ser<span class=\"_ _0\"></span>vice charges and, therefore, </span><span style=\"display:inherit;clear:left;\">the cash flows generated by the activities. The value of the RAB is </span><span style=\"display:inherit;clear:left;\">defined using the revalued historical cost method for Fixed Assets, </span><span style=\"display:inherit;clear:left;\">and on a lump-sum basis for Working Capital, employee severance </span><span style=\"display:inherit;clear:left;\">indemnity and, with reference to the storage sector<span class=\"_ _c\"></span>, the provision for </span><span style=\"display:inherit;clear:left;\">site decommissioning and restoration.</span><span style=\"display:inherit;clear:left;\">the income statement; a CGU\u2019s impairment losses are first </span><span style=\"display:inherit;clear:left;\">recognised as a reduction in the book value of any goodwill </span><span style=\"display:inherit;clear:left;\">(see next point \u201cImpairment of goodwill and intangible </span><span style=\"display:inherit;clear:left;\">assets not yet available for use\u201d) allocated to it and then </span><span style=\"display:inherit;clear:left;\">as a reduction in the book value of the other assets of the </span><span style=\"display:inherit;clear:left;\">CGU, in proportion to their respective book values. The </span><span style=\"display:inherit;clear:left;\">book value of each Cash Generating Unit (or grouping of </span><span style=\"display:inherit;clear:left;\">CGUs), consistently with the prevailing valuation practice, </span><span style=\"display:inherit;clear:left;\">is equal to the respective Net Invested Capital recorded at </span><span style=\"display:inherit;clear:left;\">the level of Snam\u2019s consolidated financial statements at the </span><span style=\"display:inherit;clear:left;\">reference date for carrying out the impairment test<span class=\"_ _0\"></span>.</span><span style=\"display:inherit;clear:left;\">If the conditions for a previously effected impairment </span><span style=\"display:inherit;clear:left;\">no longer apply, the book value of the asset (except </span><span style=\"display:inherit;clear:left;\">for goodwill) is restored with recognition in the income </span><span style=\"display:inherit;clear:left;\">statement (recovery of value), within the limits of the net </span><span style=\"display:inherit;clear:left;\">book value that the asset in question would have had if </span><span style=\"display:inherit;clear:left;\">the impairment had not been carried out and any related </span><span style=\"display:inherit;clear:left;\">amortisation had been carried out.    </span><span style=\"display:inherit;clear:left;\">If certain specific assets owned by the Group are affected </span><span style=\"display:inherit;clear:left;\">by unfavourable conditions of an operational or economic </span><span style=\"display:inherit;clear:left;\">nature, such that their ability to contribute to the </span><span style=\"display:inherit;clear:left;\">realisation of cash flows is impaired, they may be subject </span><span style=\"display:inherit;clear:left;\">to an independent recoverability analysis and, if necessary, </span><span style=\"display:inherit;clear:left;\">written down.</span><span style=\"display:inherit;clear:left;\">Impairment of goodwill and intangible assets not yet </span><span style=\"display:inherit;clear:left;\">available for use</span><span style=\"display:inherit;clear:left;\">The recoverability of the book value of goodwill and </span><span style=\"display:inherit;clear:left;\">intangible assets not yet available for use is tested at least </span><span style=\"display:inherit;clear:left;\">annually, and in any case when events occur leading to an </span><span style=\"display:inherit;clear:left;\">assumption of impairment.</span><span style=\"display:inherit;clear:left;\">Pursuant to the provisions of IFRS 3, in the context of </span><span style=\"display:inherit;clear:left;\">business combinations, the acquirer<span class=\"_ _1\"></span>, at the acquisition date, </span><span style=\"display:inherit;clear:left;\">recognises all assets, liabilities and identifiable contingent </span><span style=\"display:inherit;clear:left;\">liabilities under the acquisition at their fair values and any </span><span style=\"display:inherit;clear:left;\">residual difference with respect to the acquisition cost, </span><span style=\"display:inherit;clear:left;\">if positive, is recognised under Goodwill; if negative, it is </span><span style=\"display:inherit;clear:left;\">recognised in the income statement.</span><span style=\"display:inherit;clear:left;\">For the purpose of impairment testing, goodwill is </span><span style=\"display:inherit;clear:left;\">allocated, as of the acquisition date, to each Cash </span><span style=\"display:inherit;clear:left;\">Generating Unit, or grouping of CGUs, that is expected to </span><span style=\"display:inherit;clear:left;\">benefit from the synergies of the combination. </span><span style=\"display:inherit;clear:left;\">After its initial recognition, goodwill is not amortised but </span><span style=\"display:inherit;clear:left;\">is instead subject to a recoverability test at least annually </span><span style=\"display:inherit;clear:left;\">by determining the recoverable value of the CGU or group </span><span style=\"display:inherit;clear:left;\">of CGUs to which it is allocated (following the procedures </span><span style=\"display:inherit;clear:left;\">described in the note \u201cImpairment of tangible and </span><span style=\"display:inherit;clear:left;\">intangible assets of finite useful life\u201d); this is then compared </span><span style=\"display:inherit;clear:left;\">to the book value of the CGU itself (or group of CGUs<span class=\"_ _c\"></span>). The </span><span style=\"display:inherit;clear:left;\">book value of each Cash Generating Unit (or grouping of </span><span style=\"display:inherit;clear:left;\">CGUs), consistently with the prevailing valuation practice, </span><span style=\"display:inherit;clear:left;\">is equal to the respective Net Invested Capital recorded at </span><span style=\"display:inherit;clear:left;\">the level of Snam\u2019s consolidated financial statements at the </span><span style=\"display:inherit;clear:left;\">reference date for carrying out the impairment test<span class=\"_ _0\"></span>.</span><span style=\"display:inherit;clear:left;\">When the book value of the CGU (or group of CGUs<span class=\"_ _c\"></span>), </span><span style=\"display:inherit;clear:left;\">including the goodwill attributed to it, exceeds the </span><span style=\"display:inherit;clear:left;\">recoverable value, the difference is subject to impairment, </span><span style=\"display:inherit;clear:left;\">which is attributed by priority to the goodwill up to its </span><span style=\"display:inherit;clear:left;\">amount; any surplus in the impairment with respect to the </span><span style=\"display:inherit;clear:left;\">goodwill is attributed pro rata to the book value of the </span><span style=\"display:inherit;clear:left;\">assets constituting the CGU (or group of CGUs<span class=\"_ _c\"></span>). Goodwill </span><span style=\"display:inherit;clear:left;\">write-downs are not reversed, even if the reasons for the </span><span style=\"display:inherit;clear:left;\">write-down no longer apply in subsequent years.</span><span style=\"display:inherit;clear:left;\">Reduction in value of equity investments</span><span style=\"display:inherit;clear:left;\">In the presence of indications of impairment, or when </span><span style=\"display:inherit;clear:left;\">events occur that lead to a presumed reduction in the </span><span style=\"display:inherit;clear:left;\">value of investments, their recoverability is verified by </span><span style=\"display:inherit;clear:left;\">comparing the book value with the relative recoverable </span><span style=\"display:inherit;clear:left;\">value, represented by the greater of the fair value, net of </span><span style=\"display:inherit;clear:left;\">disposal costs (see section 5.8 'F<span class=\"_ _c\"></span>air Value Measurements<span class=\"_ _c\"></span>'), </span><span style=\"display:inherit;clear:left;\">and the value in use, determined through the application </span><span style=\"display:inherit;clear:left;\">of the Dividend Discount Model (DDM) or the Discounted </span><span style=\"display:inherit;clear:left;\">7</span><span style=\"display:inherit;clear:left;\">Cash Flow</span><span style=\"display:inherit;clear:left;\"> (DCF) method (the present value of expected </span><span style=\"display:inherit;clear:left;\">cash flows is determined as indicated in the previous </span><span style=\"display:inherit;clear:left;\">section 'Impairment of property, plant and equipment and </span><span style=\"display:inherit;clear:left;\">intangible assets with a finite useful life'). The application </span><span style=\"display:inherit;clear:left;\">of the Dividend Discount Model (DDM) provides that the </span><span style=\"display:inherit;clear:left;\">recoverable value, in the configuration of the value in </span><span style=\"display:inherit;clear:left;\">use, is determined by discounting the expected dividend </span><span style=\"display:inherit;clear:left;\">flows on the basis of the forecast plans of the investee </span><span style=\"display:inherit;clear:left;\">companies drawn up according to reasonable and </span><span style=\"display:inherit;clear:left;\">documentable assumptions, discounted at the cost of the </span><span style=\"display:inherit;clear:left;\">capital (Ke) which includes an<span class=\"_ _c\"></span>y specific risks not reflected </span><span style=\"display:inherit;clear:left;\">in the estimated cash flows.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__30": {
   "value": "<span style=\"display:inherit;clear:left;\">5.6 Inventories</span><span style=\"display:inherit;clear:left;\">Inventories, including compulsory inventories, are </span><span style=\"display:inherit;clear:left;\">recorded at the lower of purchase or production cost and </span><span style=\"display:inherit;clear:left;\">net realizable value, which is the amount that the entity </span><span style=\"display:inherit;clear:left;\">expects to receive from their sale in the normal course of </span><span style=\"display:inherit;clear:left;\">business, net of the estimated costs for the completion </span><span style=\"display:inherit;clear:left;\">and the realisation of the sale.</span><span style=\"display:inherit;clear:left;\">The cost of natural gas inventories is determined using </span><span style=\"display:inherit;clear:left;\">the weighted average cost method.</span><span style=\"display:inherit;clear:left;\">7 <span class=\"_ _80\"> </span>If the Discounted Cash Flow (DCF) method is used, the results are </span><span style=\"display:inherit;clear:left;\">adjusted for the respective net financial positions.</span><span style=\"display:inherit;clear:left;\">It should be noted that any transactions involving strategic </span><span style=\"display:inherit;clear:left;\">gas, which are subject to prior authorisation by the Italian </span><span style=\"display:inherit;clear:left;\">Ministry of Enterprises and Made in Italy (MiMIT<span class=\"_ _0\"></span>), entail </span><span style=\"display:inherit;clear:left;\">a withdrawal and subsequent replenishment of the </span><span style=\"display:inherit;clear:left;\">quantities of gas from the strategic reserve, not resulting in </span><span style=\"display:inherit;clear:left;\">8</span><span style=\"display:inherit;clear:left;\">any movement of the stock</span><span style=\"display:inherit;clear:left;\">.  </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__32": {
   "value": "<span style=\"display:inherit;clear:left;\">5.7 <span class=\"_ _3c\"> </span>Financial instruments</span><span style=\"display:inherit;clear:left;\">Non-derivative financial assets -  </span><span style=\"display:inherit;clear:left;\">cash and cash equivalents</span><span style=\"display:inherit;clear:left;\">Cash and cash equivalents include cash amounts, on </span><span style=\"display:inherit;clear:left;\">demand deposits, and other short<span class=\"_ _c\"></span>-term financial assets </span><span style=\"display:inherit;clear:left;\">with a term of less than three months, which are readily </span><span style=\"display:inherit;clear:left;\">convertible into cash and for which the risk of a change </span><span style=\"display:inherit;clear:left;\">in value is negligible. They are recorded at nominal value, </span><span style=\"display:inherit;clear:left;\">corresponding to the fair value.</span><span style=\"display:inherit;clear:left;\">Non-derivative financial assets -  </span><span style=\"display:inherit;clear:left;\">receivables and debt securities</span><span style=\"display:inherit;clear:left;\">Debt securities held by the group consist mainly of trade </span><span style=\"display:inherit;clear:left;\">receivables, financial receivables and other receivables.</span><span style=\"display:inherit;clear:left;\">Initial recognition is at fair value, except for trade </span><span style=\"display:inherit;clear:left;\">receivables without a significant</span><span style=\"display:inherit;clear:left;\">financial component, the initial recognition value of which </span><span style=\"display:inherit;clear:left;\">is the transaction price as defined by IFRS 15.</span><span style=\"display:inherit;clear:left;\">Subsequent to initial recognition, financial assets </span><span style=\"display:inherit;clear:left;\">represented by debt securities are measured on the basis </span><span style=\"display:inherit;clear:left;\">of both the following: </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the business model identified for the management of </span><span style=\"display:inherit;clear:left;\">financial assets (so-called \u201cBusiness Model\u201d);</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the characteristics relating to the contractual cash </span><span style=\"display:inherit;clear:left;\">foows of the financial asset, i.e., whether the cash </span><span style=\"display:inherit;clear:left;\">flows generated by the financial asset consist solely of </span><span style=\"display:inherit;clear:left;\">principal payments and accrued interest on the amount </span><span style=\"display:inherit;clear:left;\">of principal to be repaid (so-called \u201cSolely Payments of </span><span style=\"display:inherit;clear:left;\">Principal and Interest\u201d or SPPI).  </span><span style=\"display:inherit;clear:left;\">Debt securities represented by trade and financial </span><span style=\"display:inherit;clear:left;\">receivables are held for the purpose of collecting their </span><span style=\"display:inherit;clear:left;\">contractual cash flows (so-called \u201cHold T<span class=\"_ _1\"></span>o Collect Business<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">Model\u201d). Therefore, if<span class=\"_ _c\"></span>, on the basis of the type of instrument </span><span style=\"display:inherit;clear:left;\">and contractual characteristics, these financial assets </span><span style=\"display:inherit;clear:left;\">generate contractual cash flows representing only principal </span><span style=\"display:inherit;clear:left;\">and interest payments, they are subsequently measured at </span><span style=\"display:inherit;clear:left;\">amortised cost. Instead, financial assets whose cash flows do </span><span style=\"display:inherit;clear:left;\">not meet SPPI requirements are classified and measured at </span><span style=\"display:inherit;clear:left;\">fair value through profit or loss (so-called FV<span class=\"_ _0\"></span>TPL). </span><span style=\"display:inherit;clear:left;\">8 <span class=\"_ _80\"> </span>Or the risk, the timing or the amount of the future cash flows of the </span><span style=\"display:inherit;clear:left;\">entity are not intended to change following these transactions (IFRS </span><span style=\"display:inherit;clear:left;\">15.9d)</span><span style=\"display:inherit;clear:left;\">In contrast, receivables from invoice rebates to customers </span><span style=\"display:inherit;clear:left;\">in the energy efficiency business (so-called \"Ecobonus\" </span><span style=\"display:inherit;clear:left;\">and \"Superbonus\" credits<span class=\"_ _c\"></span>) - and which are converted into </span><span style=\"display:inherit;clear:left;\">tax credits - if held with the objective of realizing cash </span><span style=\"display:inherit;clear:left;\">flows through sale (so-called \"Other\" Business Model) are </span><span style=\"display:inherit;clear:left;\">measured at fair value with the effects recognised in profit </span><span style=\"display:inherit;clear:left;\">or loss (so-called FV<span class=\"_ _0\"></span>TPL).</span><span style=\"display:inherit;clear:left;\">The rationale behind the determination of fair value is </span><span style=\"display:inherit;clear:left;\">explained in Note 5.8 \"Significant accounting policies\" - \"F<span class=\"_ _1\"></span>air </span><span style=\"display:inherit;clear:left;\">value measurement,\" respectively.</span><span style=\"display:inherit;clear:left;\">According to the amortised cost method the initial </span><span style=\"display:inherit;clear:left;\">book value is then adjusted to account for repayments </span><span style=\"display:inherit;clear:left;\">of principal, any impairments for credit losses and the </span><span style=\"display:inherit;clear:left;\">amortisation of the difference between the repayment </span><span style=\"display:inherit;clear:left;\">amount and the initial book value.</span><span style=\"display:inherit;clear:left;\">Amortisation is carried out using the effective internal </span><span style=\"display:inherit;clear:left;\">interest rate, which represents the rate that would make </span><span style=\"display:inherit;clear:left;\">the present value of projected cash flows and the initial </span><span style=\"display:inherit;clear:left;\">recognition value equal at the time of the initial recording.</span><span style=\"display:inherit;clear:left;\">Financial assets measured at amortised cost are presented </span><span style=\"display:inherit;clear:left;\">in the statement of financial position net of the related </span><span style=\"display:inherit;clear:left;\">provision for impairment.</span><span style=\"display:inherit;clear:left;\">In order to measure expected losses (so-called \u201cExpected </span><span style=\"display:inherit;clear:left;\">Credit Losses\u201d or \u201cECL<span class=\"_ _11\"></span>\u201d), trade receivables are measured </span><span style=\"display:inherit;clear:left;\">using the so-called \"simplified approach\" provided for by </span><span style=\"display:inherit;clear:left;\">IFRS 9, or - due to the absence of a significant financial </span><span style=\"display:inherit;clear:left;\">component - by estimating expected losses over the life of </span><span style=\"display:inherit;clear:left;\">the receivable (so-called 'ECL lifetime<span class=\"_ _c\"></span>'). </span><span style=\"display:inherit;clear:left;\">The assessment of the recoverability of trade receivables is </span><span style=\"display:inherit;clear:left;\">made on both an individual and collective basis depending </span><span style=\"display:inherit;clear:left;\">on the type of asset and counterparty and also whether </span><span style=\"display:inherit;clear:left;\">there is reasonable and demonstrable information available </span><span style=\"display:inherit;clear:left;\">to make an assessment at the individual instrument level.</span><span style=\"display:inherit;clear:left;\">In particular<span class=\"_ _1\"></span>, for trade receivables arising from regulated </span><span style=\"display:inherit;clear:left;\">activities - which represent the main part of trade </span><span style=\"display:inherit;clear:left;\">receivables - the measurement of expected losses enhances </span><span style=\"display:inherit;clear:left;\">the hedging and guarantee mechanisms established by the </span><span style=\"display:inherit;clear:left;\">Authority, the Codes, and existing contractual agreements </span><span style=\"display:inherit;clear:left;\">that are capable of significantly reducing the risks arising </span><span style=\"display:inherit;clear:left;\">from possible customer default. For more details, see Note </span><span style=\"display:inherit;clear:left;\">27.3 'Financial Risk Management' - 'Credit Risk'.</span><span style=\"display:inherit;clear:left;\">For trade receivables related to unregulated activities, the </span><span style=\"display:inherit;clear:left;\">group applies a specific definition of default, determined </span><span style=\"display:inherit;clear:left;\">by taking into account the characteristics of the operating </span><span style=\"display:inherit;clear:left;\">segments to which the subsidiaries belong as well as </span><span style=\"display:inherit;clear:left;\">the riskiness of the receivables and customers being </span><span style=\"display:inherit;clear:left;\">assessed. Therefore, beyond the time limit of default, </span><span style=\"display:inherit;clear:left;\">trade receivables are assumed to be impaired (i.e. credit<span class=\"_ _c\"></span>-</span><span style=\"display:inherit;clear:left;\">impaired).</span><span style=\"display:inherit;clear:left;\">In particular<span class=\"_ _1\"></span>, expected losses are generally determined on </span><span style=\"display:inherit;clear:left;\">the basis of the product between: </span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span>the amount of exposure to the counterparty at the time </span><span style=\"display:inherit;clear:left;\">of default (so-called 'Exposure At Default' or \u2018EAD\u2019);</span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>the probability that the counterparty will default on its </span><span style=\"display:inherit;clear:left;\">payment obligations (so-called \u2018Probability of Default\u2019 </span><span style=\"display:inherit;clear:left;\">or \u2018PD\u2019); </span><span style=\"display:inherit;clear:left;\">(iii) the estimate, in percentage terms, of the amount of </span><span style=\"display:inherit;clear:left;\">credit that will not be recovered in the event of default </span><span style=\"display:inherit;clear:left;\">(so-called \u2018Loss Given Default\u2019 or \u2018L<span class=\"_ _c\"></span>GD\u2019).</span><span style=\"display:inherit;clear:left;\">With regard to the ECL parameters listed above, the group </span><span style=\"display:inherit;clear:left;\">considers the following assumptions:</span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span>PD is determined according to the type of counterparty </span><span style=\"display:inherit;clear:left;\">on the basis of:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>qualified external providers (e.g. for listed </span><span style=\"display:inherit;clear:left;\">companies);</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>regional ratings (e.g. for public administration) by </span><span style=\"display:inherit;clear:left;\">leading rating agencies;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>average default rate calculated for groups of </span><span style=\"display:inherit;clear:left;\">customers broken down by common credit risk </span><span style=\"display:inherit;clear:left;\">(so-called 'cluster') considering historical data over a </span><span style=\"display:inherit;clear:left;\">period of at least 24 months; </span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>(ii) <span class=\"_ _3c\"> </span>the L<span class=\"_ _c\"></span>GD is obtained on the basis of market </span><span style=\"display:inherit;clear:left;\">standards that assess the recovery rate of the exposure </span><span style=\"display:inherit;clear:left;\">depending on the region and sector of the counterparty </span><span style=\"display:inherit;clear:left;\">(e.g. corporate, government and retail);</span><span style=\"display:inherit;clear:left;\">(iii) the E<span class=\"_ _0\"></span>AD is determined to be equal to the face value </span><span style=\"display:inherit;clear:left;\">of the claim at the valuation date, less any related </span><span style=\"display:inherit;clear:left;\">mitigating factor<span class=\"_ _1\"></span>, including any amounts pledged as </span><span style=\"display:inherit;clear:left;\">collateral.</span><span style=\"display:inherit;clear:left;\">In the case of credit exposures in litigation and where </span><span style=\"display:inherit;clear:left;\">detailed information is available on the recoverability of the </span><span style=\"display:inherit;clear:left;\">exposure, analytical assessments are performed in order </span><span style=\"display:inherit;clear:left;\">to better reflect the actual riskiness of the position in the </span><span style=\"display:inherit;clear:left;\">determination of expected losses. The exposures for which </span><span style=\"display:inherit;clear:left;\">credit recovery actions have been activated through legal/ </span><span style=\"display:inherit;clear:left;\">court proceedings are defined as litigation.</span><span style=\"display:inherit;clear:left;\">Impairment of trade receivable and other receivables is </span><span style=\"display:inherit;clear:left;\">recognised in the income statement, net of any write-backs, </span><span style=\"display:inherit;clear:left;\">under the item \u201cOther operating expenses\u201d.</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>ransferred financial assets are derecognised from the </span><span style=\"display:inherit;clear:left;\">balance sheet assets when the contractual rights to obtain </span><span style=\"display:inherit;clear:left;\">the cash flows associated with the financial instrument </span><span style=\"display:inherit;clear:left;\">expire, or all risks and rewards associated with the </span><span style=\"display:inherit;clear:left;\">transferred receivable are transferred to a third party in </span><span style=\"display:inherit;clear:left;\">accordance with the guidance on derecognition of financial </span><span style=\"display:inherit;clear:left;\">assets set forth in IFRS 9.</span><span style=\"display:inherit;clear:left;\">Non-derivative financial assets - <span class=\"ls1\"> </span></span><span style=\"display:inherit;clear:left;\">minority investments</span><span style=\"display:inherit;clear:left;\">Financial assets representing minority investments, as </span><span style=\"display:inherit;clear:left;\">they are not held for trading purposes, are measured </span><span style=\"display:inherit;clear:left;\">at fair value alternatively with recognition of the </span><span style=\"display:inherit;clear:left;\">effects: (i) in the income statement (so-called fair value </span><span style=\"display:inherit;clear:left;\">measurement recognized in the income statement or </span><span style=\"display:inherit;clear:left;\">FV<span class=\"_ _0\"></span>TPL) or in the equity reser<span class=\"_ _0\"></span>ve that holds the other </span><span style=\"display:inherit;clear:left;\">components of comprehensive income, without provision </span><span style=\"display:inherit;clear:left;\">for their reclassification to the income statement in the </span><span style=\"display:inherit;clear:left;\">event of realization (so-called fair value measurement </span><span style=\"display:inherit;clear:left;\">recognized in the statement of comprehensive income or </span><span style=\"display:inherit;clear:left;\">FV<span class=\"_ _0\"></span>TOCI).</span><span style=\"display:inherit;clear:left;\">This classification can be made on a security-by-security </span><span style=\"display:inherit;clear:left;\">basis, only upon initial recognition, and is irrevocable.</span><span style=\"display:inherit;clear:left;\">Dividends, from profits or profit reserves, from these </span><span style=\"display:inherit;clear:left;\">equity investments are recognised in the income </span><span style=\"display:inherit;clear:left;\">statement under 'Income (expenses) from equity </span><span style=\"display:inherit;clear:left;\">investments'. Valuation at cost of a minority investment<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">is permitted in the limited cases where cost represents an </span><span style=\"display:inherit;clear:left;\">adequate estimate of fair value.</span><span style=\"display:inherit;clear:left;\">Financial liabilities</span><span style=\"display:inherit;clear:left;\">Financial liabilities, unlike derivative instruments, including </span><span style=\"display:inherit;clear:left;\">financial payables, trade payables and other payables, are </span><span style=\"display:inherit;clear:left;\">initially recorded at fair value less any transaction-related </span><span style=\"display:inherit;clear:left;\">costs; they are subsequently recognised at amortised cost </span><span style=\"display:inherit;clear:left;\">using the effective interest rate for discounting purposes, </span><span style=\"display:inherit;clear:left;\">as demonstrated in the previous point \"Non-derivative </span><span style=\"display:inherit;clear:left;\">financial assets - debt securities\u201d.</span><span style=\"display:inherit;clear:left;\">Financial liabilities are derecognized upon extinguishment </span><span style=\"display:inherit;clear:left;\">or upon fulfilment, cancellation or maturity of the </span><span style=\"display:inherit;clear:left;\">contractual obligation.</span><span style=\"display:inherit;clear:left;\">Offsetting of financial assets and liabilities</span><span style=\"display:inherit;clear:left;\">Financial assets and liabilities are offset in the statement </span><span style=\"display:inherit;clear:left;\">of financial position when there is a currently legally </span><span style=\"display:inherit;clear:left;\">enforceable right to set<span class=\"_ _c\"></span>-off and the intention either to </span><span style=\"display:inherit;clear:left;\">settle the relationship on a net basis (i.e. to realise the </span><span style=\"display:inherit;clear:left;\">asset and settle the liability simultaneously).</span><span style=\"display:inherit;clear:left;\">Financial derivatives and hedge accounting</span><span style=\"display:inherit;clear:left;\">Financial derivatives, including embedded derivatives, </span><span style=\"display:inherit;clear:left;\">are assets and liabilities recognised at fair value. Under </span><span style=\"display:inherit;clear:left;\">the scope of the strategy and objectives defined for </span><span style=\"display:inherit;clear:left;\">risk management, the qualification of transactions as </span><span style=\"display:inherit;clear:left;\">hedging requires: (i) the verification of the existence of </span><span style=\"display:inherit;clear:left;\">an economic relationship between the object hedged and </span><span style=\"display:inherit;clear:left;\">the hedging instrument for the purpose of offsetting the </span><span style=\"display:inherit;clear:left;\">changes in value and ensuring this offsetting capacity is </span><span style=\"display:inherit;clear:left;\">not invalidated by the level of counterparty credit risk; </span><span style=\"display:inherit;clear:left;\">(ii) the definition of a hedge ratio consistent with the </span><span style=\"display:inherit;clear:left;\">risk management objectives, under the scope of the risk </span><span style=\"display:inherit;clear:left;\">management strategy defined, where necessary activating </span><span style=\"display:inherit;clear:left;\">the appropriate rebalancing actions. The amendments </span><span style=\"display:inherit;clear:left;\">of the risk management objectives, the disappearance of </span><span style=\"display:inherit;clear:left;\">the conditions indicated previously for the qualification of </span><span style=\"display:inherit;clear:left;\">transactions as hedging or the activation of rebalancing </span><span style=\"display:inherit;clear:left;\">operations cause the total or partial prospective </span><span style=\"display:inherit;clear:left;\">discontinuation of the hedge.</span><span style=\"display:inherit;clear:left;\">In order to qualify a transaction as a hedge, at the start of </span><span style=\"display:inherit;clear:left;\">the hedge a formal document is prepared that illustrates </span><span style=\"display:inherit;clear:left;\">the strategies and objectives of the risk management and </span><span style=\"display:inherit;clear:left;\">identifies the hedging instrument, the instrument hedged, </span><span style=\"display:inherit;clear:left;\">the nature of the risk hedged and the methods through </span><span style=\"display:inherit;clear:left;\">which the evaluation of whether the hedge relationship </span><span style=\"display:inherit;clear:left;\">satisfies the hedge effectiveness requirements takes </span><span style=\"display:inherit;clear:left;\">place.</span><span style=\"display:inherit;clear:left;\">When hedging derivatives hedge the risk of changes in the </span><span style=\"display:inherit;clear:left;\">fair value of the hedged instruments (\u201cfair value hedge\u201d; </span><span style=\"display:inherit;clear:left;\">e.g. hedge of the risk of fluctuations in the fair value of </span><span style=\"display:inherit;clear:left;\">fixed-rate assets/liabilities), the derivatives are recognised<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">at fair value with attribution of the effects on the income </span><span style=\"display:inherit;clear:left;\">statement; by the same token, the hedged instruments </span><span style=\"display:inherit;clear:left;\">are adjusted to reflect in the income statement the </span><span style=\"display:inherit;clear:left;\">changes in fair value associated with the hedged risk, </span><span style=\"display:inherit;clear:left;\">regardless of the provision of a different valuation </span><span style=\"display:inherit;clear:left;\">criterion generally applicable to the instrument type.</span><span style=\"display:inherit;clear:left;\">The group subscribes to derivative instruments to cover </span><span style=\"display:inherit;clear:left;\">the risk of changes in cash flows (cash flow hedges) as </span><span style=\"display:inherit;clear:left;\">a result of fluctuations in interest rate or commodities </span><span style=\"display:inherit;clear:left;\">prices (hedge on commodity). Changes in the fair value </span><span style=\"display:inherit;clear:left;\">of hedging derivatives considered effective are initially </span><span style=\"display:inherit;clear:left;\">recognised in the shareholders\u2019 equity reserve relating </span><span style=\"display:inherit;clear:left;\">to other components in the comprehensive income </span><span style=\"display:inherit;clear:left;\">statement and are subsequently reclassified to profit </span><span style=\"display:inherit;clear:left;\">or loss in line with the economic effects produced by </span><span style=\"display:inherit;clear:left;\">the hedged transaction. In the case of hedging future </span><span style=\"display:inherit;clear:left;\">transactions that involve the recording of a non-financial </span><span style=\"display:inherit;clear:left;\">asset or liability, the cumulative variations of the fair value </span><span style=\"display:inherit;clear:left;\">of the hedge derivatives, recognised in shareholders\u2019 </span><span style=\"display:inherit;clear:left;\">equity, are recognised in the adjustment of the book </span><span style=\"display:inherit;clear:left;\">value of the non-financial asset/liability subject to hedging </span><span style=\"display:inherit;clear:left;\">(basis adjustment).</span><span style=\"display:inherit;clear:left;\">The ineffective portion of the hedge and the changes </span><span style=\"display:inherit;clear:left;\">in the fair value of derivatives that do not meet the </span><span style=\"display:inherit;clear:left;\">qualifying conditions for hedging are recognised in the </span><span style=\"display:inherit;clear:left;\">income statement.</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>reasury shares</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>reasur<span class=\"_ _0\"></span>y shares, including those held to service </span><span style=\"display:inherit;clear:left;\">share-based payment plans (share incentive plans), </span><span style=\"display:inherit;clear:left;\">are measured at cost and entered as a reduction of </span><span style=\"display:inherit;clear:left;\">shareholders\u2019 equity. The economic effects arising from </span><span style=\"display:inherit;clear:left;\">any subsequent sales are recognised in shareholders\u2019 </span><span style=\"display:inherit;clear:left;\">equity.</span><span style=\"display:inherit;clear:left;\">Distribution of dividends</span><span style=\"display:inherit;clear:left;\">The distribution of dividends to the Company\u2019s </span><span style=\"display:inherit;clear:left;\">shareholders entails the recording of a payable in the </span><span style=\"display:inherit;clear:left;\">financial statements for the period in which distribution </span><span style=\"display:inherit;clear:left;\">was approved by the Company\u2019s shareholders or<span class=\"_ _c\"></span>, in the </span><span style=\"display:inherit;clear:left;\">case of interim dividends, by the Board of Directors.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__31": {
   "value": "<span style=\"display:inherit;clear:left;\">5.7 <span class=\"_ _3c\"> </span>Financial instruments</span><span style=\"display:inherit;clear:left;\">Non-derivative financial assets -  </span><span style=\"display:inherit;clear:left;\">cash and cash equivalents</span><span style=\"display:inherit;clear:left;\">Cash and cash equivalents include cash amounts, on </span><span style=\"display:inherit;clear:left;\">demand deposits, and other short<span class=\"_ _c\"></span>-term financial assets </span><span style=\"display:inherit;clear:left;\">with a term of less than three months, which are readily </span><span style=\"display:inherit;clear:left;\">convertible into cash and for which the risk of a change </span><span style=\"display:inherit;clear:left;\">in value is negligible. They are recorded at nominal value, </span><span style=\"display:inherit;clear:left;\">corresponding to the fair value.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__33": {
   "value": "<span style=\"display:inherit;clear:left;\">Non-derivative financial assets - <span class=\"ls1\"> </span></span><span style=\"display:inherit;clear:left;\">minority investments</span><span style=\"display:inherit;clear:left;\">Financial assets representing minority investments, as </span><span style=\"display:inherit;clear:left;\">they are not held for trading purposes, are measured </span><span style=\"display:inherit;clear:left;\">at fair value alternatively with recognition of the </span><span style=\"display:inherit;clear:left;\">effects: (i) in the income statement (so-called fair value </span><span style=\"display:inherit;clear:left;\">measurement recognized in the income statement or </span><span style=\"display:inherit;clear:left;\">FV<span class=\"_ _0\"></span>TPL) or in the equity reser<span class=\"_ _0\"></span>ve that holds the other </span><span style=\"display:inherit;clear:left;\">components of comprehensive income, without provision </span><span style=\"display:inherit;clear:left;\">for their reclassification to the income statement in the </span><span style=\"display:inherit;clear:left;\">event of realization (so-called fair value measurement </span><span style=\"display:inherit;clear:left;\">recognized in the statement of comprehensive income or </span><span style=\"display:inherit;clear:left;\">FV<span class=\"_ _0\"></span>TOCI).</span><span style=\"display:inherit;clear:left;\">This classification can be made on a security-by-security </span><span style=\"display:inherit;clear:left;\">basis, only upon initial recognition, and is irrevocable.</span><span style=\"display:inherit;clear:left;\">Dividends, from profits or profit reserves, from these </span><span style=\"display:inherit;clear:left;\">equity investments are recognised in the income </span><span style=\"display:inherit;clear:left;\">statement under 'Income (expenses) from equity </span><span style=\"display:inherit;clear:left;\">investments'. Valuation at cost of a minority investment<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">is permitted in the limited cases where cost represents an </span><span style=\"display:inherit;clear:left;\">adequate estimate of fair value.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__34": {
   "value": "<span style=\"display:inherit;clear:left;\">Financial liabilities</span><span style=\"display:inherit;clear:left;\">Financial liabilities, unlike derivative instruments, including </span><span style=\"display:inherit;clear:left;\">financial payables, trade payables and other payables, are </span><span style=\"display:inherit;clear:left;\">initially recorded at fair value less any transaction-related </span><span style=\"display:inherit;clear:left;\">costs; they are subsequently recognised at amortised cost </span><span style=\"display:inherit;clear:left;\">using the effective interest rate for discounting purposes, </span><span style=\"display:inherit;clear:left;\">as demonstrated in the previous point \"Non-derivative </span><span style=\"display:inherit;clear:left;\">financial assets - debt securities\u201d.</span><span style=\"display:inherit;clear:left;\">Financial liabilities are derecognized upon extinguishment </span><span style=\"display:inherit;clear:left;\">or upon fulfilment, cancellation or maturity of the </span><span style=\"display:inherit;clear:left;\">contractual obligation.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__35": {
   "value": "<span style=\"display:inherit;clear:left;\">Offsetting of financial assets and liabilities</span><span style=\"display:inherit;clear:left;\">Financial assets and liabilities are offset in the statement </span><span style=\"display:inherit;clear:left;\">of financial position when there is a currently legally </span><span style=\"display:inherit;clear:left;\">enforceable right to set<span class=\"_ _c\"></span>-off and the intention either to </span><span style=\"display:inherit;clear:left;\">settle the relationship on a net basis (i.e. to realise the </span><span style=\"display:inherit;clear:left;\">asset and settle the liability simultaneously).</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__36": {
   "value": "<span style=\"display:inherit;clear:left;\">Financial derivatives and hedge accounting</span><span style=\"display:inherit;clear:left;\">Financial derivatives, including embedded derivatives, </span><span style=\"display:inherit;clear:left;\">are assets and liabilities recognised at fair value. Under </span><span style=\"display:inherit;clear:left;\">the scope of the strategy and objectives defined for </span><span style=\"display:inherit;clear:left;\">risk management, the qualification of transactions as </span><span style=\"display:inherit;clear:left;\">hedging requires: (i) the verification of the existence of </span><span style=\"display:inherit;clear:left;\">an economic relationship between the object hedged and </span><span style=\"display:inherit;clear:left;\">the hedging instrument for the purpose of offsetting the </span><span style=\"display:inherit;clear:left;\">changes in value and ensuring this offsetting capacity is </span><span style=\"display:inherit;clear:left;\">not invalidated by the level of counterparty credit risk; </span><span style=\"display:inherit;clear:left;\">(ii) the definition of a hedge ratio consistent with the </span><span style=\"display:inherit;clear:left;\">risk management objectives, under the scope of the risk </span><span style=\"display:inherit;clear:left;\">management strategy defined, where necessary activating </span><span style=\"display:inherit;clear:left;\">the appropriate rebalancing actions. The amendments </span><span style=\"display:inherit;clear:left;\">of the risk management objectives, the disappearance of </span><span style=\"display:inherit;clear:left;\">the conditions indicated previously for the qualification of </span><span style=\"display:inherit;clear:left;\">transactions as hedging or the activation of rebalancing </span><span style=\"display:inherit;clear:left;\">operations cause the total or partial prospective </span><span style=\"display:inherit;clear:left;\">discontinuation of the hedge.</span><span style=\"display:inherit;clear:left;\">In order to qualify a transaction as a hedge, at the start of </span><span style=\"display:inherit;clear:left;\">the hedge a formal document is prepared that illustrates </span><span style=\"display:inherit;clear:left;\">the strategies and objectives of the risk management and </span><span style=\"display:inherit;clear:left;\">identifies the hedging instrument, the instrument hedged, </span><span style=\"display:inherit;clear:left;\">the nature of the risk hedged and the methods through </span><span style=\"display:inherit;clear:left;\">which the evaluation of whether the hedge relationship </span><span style=\"display:inherit;clear:left;\">satisfies the hedge effectiveness requirements takes </span><span style=\"display:inherit;clear:left;\">place.</span><span style=\"display:inherit;clear:left;\">When hedging derivatives hedge the risk of changes in the </span><span style=\"display:inherit;clear:left;\">fair value of the hedged instruments (\u201cfair value hedge\u201d; </span><span style=\"display:inherit;clear:left;\">e.g. hedge of the risk of fluctuations in the fair value of </span><span style=\"display:inherit;clear:left;\">fixed-rate assets/liabilities), the derivatives are recognised<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">at fair value with attribution of the effects on the income </span><span style=\"display:inherit;clear:left;\">statement; by the same token, the hedged instruments </span><span style=\"display:inherit;clear:left;\">are adjusted to reflect in the income statement the </span><span style=\"display:inherit;clear:left;\">changes in fair value associated with the hedged risk, </span><span style=\"display:inherit;clear:left;\">regardless of the provision of a different valuation </span><span style=\"display:inherit;clear:left;\">criterion generally applicable to the instrument type.</span><span style=\"display:inherit;clear:left;\">The group subscribes to derivative instruments to cover </span><span style=\"display:inherit;clear:left;\">the risk of changes in cash flows (cash flow hedges) as </span><span style=\"display:inherit;clear:left;\">a result of fluctuations in interest rate or commodities </span><span style=\"display:inherit;clear:left;\">prices (hedge on commodity). Changes in the fair value </span><span style=\"display:inherit;clear:left;\">of hedging derivatives considered effective are initially </span><span style=\"display:inherit;clear:left;\">recognised in the shareholders\u2019 equity reserve relating </span><span style=\"display:inherit;clear:left;\">to other components in the comprehensive income </span><span style=\"display:inherit;clear:left;\">statement and are subsequently reclassified to profit </span><span style=\"display:inherit;clear:left;\">or loss in line with the economic effects produced by </span><span style=\"display:inherit;clear:left;\">the hedged transaction. In the case of hedging future </span><span style=\"display:inherit;clear:left;\">transactions that involve the recording of a non-financial </span><span style=\"display:inherit;clear:left;\">asset or liability, the cumulative variations of the fair value </span><span style=\"display:inherit;clear:left;\">of the hedge derivatives, recognised in shareholders\u2019 </span><span style=\"display:inherit;clear:left;\">equity, are recognised in the adjustment of the book </span><span style=\"display:inherit;clear:left;\">value of the non-financial asset/liability subject to hedging </span><span style=\"display:inherit;clear:left;\">(basis adjustment).</span><span style=\"display:inherit;clear:left;\">The ineffective portion of the hedge and the changes </span><span style=\"display:inherit;clear:left;\">in the fair value of derivatives that do not meet the </span><span style=\"display:inherit;clear:left;\">qualifying conditions for hedging are recognised in the </span><span style=\"display:inherit;clear:left;\">income statement.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__37": {
   "value": "<span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>reasury shares</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>reasur<span class=\"_ _0\"></span>y shares, including those held to service </span><span style=\"display:inherit;clear:left;\">share-based payment plans (share incentive plans), </span><span style=\"display:inherit;clear:left;\">are measured at cost and entered as a reduction of </span><span style=\"display:inherit;clear:left;\">shareholders\u2019 equity. The economic effects arising from </span><span style=\"display:inherit;clear:left;\">any subsequent sales are recognised in shareholders\u2019 </span><span style=\"display:inherit;clear:left;\">equity.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__38": {
   "value": "<span style=\"display:inherit;clear:left;\">Distribution of dividends</span><span style=\"display:inherit;clear:left;\">The distribution of dividends to the Company\u2019s </span><span style=\"display:inherit;clear:left;\">shareholders entails the recording of a payable in the </span><span style=\"display:inherit;clear:left;\">financial statements for the period in which distribution </span><span style=\"display:inherit;clear:left;\">was approved by the Company\u2019s shareholders or<span class=\"_ _c\"></span>, in the </span><span style=\"display:inherit;clear:left;\">case of interim dividends, by the Board of Directors.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__39": {
   "value": "<span style=\"display:inherit;clear:left;\">5.8 <span class=\"_ _3c\"> </span>Fair value measurement</span><span style=\"display:inherit;clear:left;\">The fair value is the amount that may be received for the </span><span style=\"display:inherit;clear:left;\">sale of an asset or that may be paid for the transfer of a </span><span style=\"display:inherit;clear:left;\">liability in a regular transaction between market operators </span><span style=\"display:inherit;clear:left;\">as at the valuation date (i.e. exit price).</span><span style=\"display:inherit;clear:left;\">The fair value of an asset or liability is determined by </span><span style=\"display:inherit;clear:left;\">adopting the valuations that market operators would </span><span style=\"display:inherit;clear:left;\">use to determine the price of the asset or liability. A fair </span><span style=\"display:inherit;clear:left;\">value measurement also assumes that the asset or liability </span><span style=\"display:inherit;clear:left;\">would be traded on the main market or<span class=\"_ _1\"></span>, failing that, on </span><span style=\"display:inherit;clear:left;\">the most advantageous market to which the Company has<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">access.</span><span style=\"display:inherit;clear:left;\">The fair value of a non-financial asset is determined by </span><span style=\"display:inherit;clear:left;\">considering the capacity of market operators to generate </span><span style=\"display:inherit;clear:left;\">economic benefits by putting the asset to its maximum </span><span style=\"display:inherit;clear:left;\">and best use or by selling it to another market participant </span><span style=\"display:inherit;clear:left;\">capable of using it in such a way as to maximise its value. </span><span style=\"display:inherit;clear:left;\">The maximum and best use of an asset is determined from </span><span style=\"display:inherit;clear:left;\">the perspective of market operators, also hypothesising<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">that the company intends to put it to a different use; the </span><span style=\"display:inherit;clear:left;\">current use by the company of a non-financial asset is </span><span style=\"display:inherit;clear:left;\">assumed to be the maximum and best use of this asset, </span><span style=\"display:inherit;clear:left;\">unless the market or other factors suggest that a different </span><span style=\"display:inherit;clear:left;\">use by market operators would maximise its value.</span><span style=\"display:inherit;clear:left;\">The fair-value measurement of a financial or nonfinancial<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">liability, or of an equity instrument, takes into account </span><span style=\"display:inherit;clear:left;\">the quoted price for the transfer of an identical or similar </span><span style=\"display:inherit;clear:left;\">liability or equity instrument; if this quoted price is not </span><span style=\"display:inherit;clear:left;\">available, the valuation of a corresponding asset held by </span><span style=\"display:inherit;clear:left;\">a market operator as at the valuation date is tak<span class=\"_ _c\"></span>en into </span><span style=\"display:inherit;clear:left;\">account. The fair value of financial instruments considers </span><span style=\"display:inherit;clear:left;\">the credit risk of the counterparty for financial assets </span><span style=\"display:inherit;clear:left;\">(through a \u201cCredit Valuation Adjustment\u201d - CV<span class=\"_ _1\"></span>A) and the </span><span style=\"display:inherit;clear:left;\">entity\u2019s own risk of default for financial liabilities (through </span><span style=\"display:inherit;clear:left;\">a \u201cDebit Valuation Adjustment\u201d - DV<span class=\"_ _1\"></span>A).</span><span style=\"display:inherit;clear:left;\">When determining fair value, a hierarchy is set out </span><span style=\"display:inherit;clear:left;\">consisting of criteria based on the origin, type and </span><span style=\"display:inherit;clear:left;\">quality of the information used in the calculation. This </span><span style=\"display:inherit;clear:left;\">classification aims to establish a hierarchy in terms of the </span><span style=\"display:inherit;clear:left;\">reliability of the fair value, giving precedence to the use </span><span style=\"display:inherit;clear:left;\">of parameters that can be observed on the market and </span><span style=\"display:inherit;clear:left;\">that reflect the assumptions that market participants </span><span style=\"display:inherit;clear:left;\">would use when valuing the asset/liability. The fair value </span><span style=\"display:inherit;clear:left;\">hierarchy includes the following levels:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">level 1: listed prices (unadjusted) in active markets for </span></span><span style=\"display:inherit;clear:left;\">identical assets or liabilities that the reporting entity has </span><span style=\"display:inherit;clear:left;\">the ability to access at the measurement date;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">level 2: inputs, other than the quoted prices included in </span></span><span style=\"display:inherit;clear:left;\">Level 1, that can be directly or indirectly observed for </span><span style=\"display:inherit;clear:left;\">the assets or liabilities to be valued;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">level 3: inputs for assets or liabilities that are not based </span></span><span style=\"display:inherit;clear:left;\">on observable market data.</span><span style=\"display:inherit;clear:left;\">In the absence of available market quotations, the </span><span style=\"display:inherit;clear:left;\">fair value is determined by using valuation techniques </span><span style=\"display:inherit;clear:left;\">suitable for each individual case that maximise the use of </span><span style=\"display:inherit;clear:left;\">significant observable inputs, whilst minimising the use of </span><span style=\"display:inherit;clear:left;\">non-observable inputs.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__40": {
   "value": "<span style=\"display:inherit;clear:left;\">5.9 <span class=\"_ _3c\"> </span>Provision for risks and charges, </span><span style=\"display:inherit;clear:left;\">contingent liabilities and contingent </span><span style=\"display:inherit;clear:left;\">assets</span><span style=\"display:inherit;clear:left;\">Provisions for risks and charges concern costs and charges </span><span style=\"display:inherit;clear:left;\">of a certain nature which are certain or likely to be </span><span style=\"display:inherit;clear:left;\">incurred, but for which the amount or date of occurrence </span><span style=\"display:inherit;clear:left;\">cannot be determined at the end of the year<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">The provisions are recognised when: (i) the existence of </span><span style=\"display:inherit;clear:left;\">a current legal or implied obligation arising from a past </span><span style=\"display:inherit;clear:left;\">event is probable; (ii) it is probable that the fulfilment </span><span style=\"display:inherit;clear:left;\">of the obligation will involve a cost; (iii) the amount of </span><span style=\"display:inherit;clear:left;\">the obligation can be reliably determined. Provisions are </span><span style=\"display:inherit;clear:left;\">recognised at the value representing the best estimate </span><span style=\"display:inherit;clear:left;\">of the amount that the organisation would rationally pay </span><span style=\"display:inherit;clear:left;\">to settle the obligation or to transfer it to a third party </span><span style=\"display:inherit;clear:left;\">at the end of the reporting period; provisions relating to </span><span style=\"display:inherit;clear:left;\">onerous contracts are recognised at the lower of the cost </span><span style=\"display:inherit;clear:left;\">of fulfilling the obligation, net of the expected economic </span><span style=\"display:inherit;clear:left;\">benefits arising from the contract, and the cost of </span><span style=\"display:inherit;clear:left;\">terminating the contract.</span><span style=\"display:inherit;clear:left;\">When the financial impact of time is significant, and </span><span style=\"display:inherit;clear:left;\">the payment dates of the obligations can be reliably </span><span style=\"display:inherit;clear:left;\">estimated, the provision is calculated by discounting </span><span style=\"display:inherit;clear:left;\">the anticipated cash flows in consideration of the risks </span><span style=\"display:inherit;clear:left;\">associated with the obligation at the Company\u2019s average </span><span style=\"display:inherit;clear:left;\">debt rate; the increase in the provision due to the </span><span style=\"display:inherit;clear:left;\">passing of time is posted to the income statement under </span><span style=\"display:inherit;clear:left;\">\u201cFinancial income (expense)\u201d.</span><span style=\"display:inherit;clear:left;\">When the liability is related to items of property, plant and </span><span style=\"display:inherit;clear:left;\">equipment (e.g. decommissioning and site restoration), </span><span style=\"display:inherit;clear:left;\">the provision is recognised as a contra-entry to the related </span><span style=\"display:inherit;clear:left;\">asset, and charged to the income statement through </span><span style=\"display:inherit;clear:left;\">depreciation. </span><span style=\"display:inherit;clear:left;\">The costs that the company expects to incur to initiate </span><span style=\"display:inherit;clear:left;\">restructuring programmes are recognised in the period in </span><span style=\"display:inherit;clear:left;\">which the programme is formally defined, and the parties </span><span style=\"display:inherit;clear:left;\">concerned have a valid expectation that the restructuring </span><span style=\"display:inherit;clear:left;\">will take place.</span><span style=\"display:inherit;clear:left;\">Provisions are periodically updated to reflect changes in </span><span style=\"display:inherit;clear:left;\">cost estimates, realisation times and the discount rate; </span><span style=\"display:inherit;clear:left;\">revisions in provision estimates are allocated to the same </span><span style=\"display:inherit;clear:left;\">item of the income statement where the provision was </span><span style=\"display:inherit;clear:left;\">previously reported or<span class=\"_ _1\"></span>, when the liability is related to </span><span style=\"display:inherit;clear:left;\">property, plant and equipment (e.g. decommissioning and </span><span style=\"display:inherit;clear:left;\">site restoration), as a contra-entry to the related asset, </span><span style=\"display:inherit;clear:left;\">up to the book value; any surplus is posted to the income </span><span style=\"display:inherit;clear:left;\">statement.</span><span style=\"display:inherit;clear:left;\">The notes to the financial statements describe contingent </span><span style=\"display:inherit;clear:left;\">liabilities represented by: (i) possible (but not probable) </span><span style=\"display:inherit;clear:left;\">obligations resulting from past events, the existence </span><span style=\"display:inherit;clear:left;\">of which will be confirmed only if one or more future </span><span style=\"display:inherit;clear:left;\">uncertain events occur which are partially or fully outside </span><span style=\"display:inherit;clear:left;\">the Company\u2019s control; (ii) current obligations resulting </span><span style=\"display:inherit;clear:left;\">from past events, the amount of which cannot be reliably </span><span style=\"display:inherit;clear:left;\">estimated, or the fulfilment of which is not likely to </span><span style=\"display:inherit;clear:left;\">involve costs.</span><span style=\"display:inherit;clear:left;\">Contingent assets, or possible assets that result from </span><span style=\"display:inherit;clear:left;\">past events and whose existence will only be confirmed </span><span style=\"display:inherit;clear:left;\">when one or more uncertain future events, not totally </span><span style=\"display:inherit;clear:left;\">under the control of the business, occur or do not occur<span class=\"_ _1\"></span>, </span><span style=\"display:inherit;clear:left;\">are not recognised unless obtaining the related benefits </span><span style=\"display:inherit;clear:left;\">is virtually certain. If obtaining the benefits is probable, </span><span style=\"display:inherit;clear:left;\">the contingent assets are illustrated in the notes to the </span><span style=\"display:inherit;clear:left;\">financial statements.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__41": {
   "value": "<span style=\"display:inherit;clear:left;\">5.10 <span class=\"_ _85\"> </span>Non-current assets held for sale and </span><span style=\"display:inherit;clear:left;\">discontinued operations</span><span style=\"display:inherit;clear:left;\">Non-current assets or disposal groups consisting of assets </span><span style=\"display:inherit;clear:left;\">and liabilities are classified as held for sale if their book </span><span style=\"display:inherit;clear:left;\">value will be recovered mainly by their sale rather than </span><span style=\"display:inherit;clear:left;\">through continued use. This condition is regarded as </span><span style=\"display:inherit;clear:left;\">fulfilled when the sale is highly probable and the asset </span><span style=\"display:inherit;clear:left;\">or discontinued operations are available for immediate </span><span style=\"display:inherit;clear:left;\">sale in their current condition. When there is a plan to sell </span><span style=\"display:inherit;clear:left;\">a subsidiary that results in the loss of control, all of the </span><span style=\"display:inherit;clear:left;\">assets and liabilities of that investee are classified as held </span><span style=\"display:inherit;clear:left;\">for sale, regardless of whether a non-controlling interest </span><span style=\"display:inherit;clear:left;\">is retained after the sale. V<span class=\"_ _c\"></span>erification of compliance with </span><span style=\"display:inherit;clear:left;\">the conditions for classifying an item as intended for sale </span><span style=\"display:inherit;clear:left;\">entails management making subjective assessments by </span><span style=\"display:inherit;clear:left;\">making reasonable and realistic assumptions based on </span><span style=\"display:inherit;clear:left;\">available information. </span><span style=\"display:inherit;clear:left;\">Immediately prior to classification as held for sale, the </span><span style=\"display:inherit;clear:left;\">assets and liabilities included in a disposal group are </span><span style=\"display:inherit;clear:left;\">measured in accordance with the accounting standards </span><span style=\"display:inherit;clear:left;\">applicable to them. Subsequently, non-current assets </span><span style=\"display:inherit;clear:left;\">held for sale are not amortised or depreciated and are </span><span style=\"display:inherit;clear:left;\">measured at the lower of book value and related fair </span><span style=\"display:inherit;clear:left;\">value, less any sales costs (see section 5.8 \u201c<span class=\"_ _1\"></span>Accounting </span><span style=\"display:inherit;clear:left;\">policies - F<span class=\"_ _c\"></span>air-value measurements\u201d above<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">The classification of investments accounted for using the </span><span style=\"display:inherit;clear:left;\">equity method as held for sale implies the suspension of </span><span style=\"display:inherit;clear:left;\">the application of this valuation criterion. Any negative </span><span style=\"display:inherit;clear:left;\">difference between the book value of the non-current </span><span style=\"display:inherit;clear:left;\">assets and their fair value less selling costs is posted to the </span><span style=\"display:inherit;clear:left;\">income statement as an impairment loss; any subsequent </span><span style=\"display:inherit;clear:left;\">recoveries in value are recognised up to the amount of the </span><span style=\"display:inherit;clear:left;\">previously recognised impairment losses, including those </span><span style=\"display:inherit;clear:left;\">recognised prior to the asset being classified as held for </span><span style=\"display:inherit;clear:left;\">sale.</span><span style=\"display:inherit;clear:left;\">Non-current assets and disposal group-related assets and </span><span style=\"display:inherit;clear:left;\">liabilities held for sale are recognised in the statement of </span><span style=\"display:inherit;clear:left;\">financial position separately from the group\u2019s other assets </span><span style=\"display:inherit;clear:left;\">and liabilities.</span><span style=\"display:inherit;clear:left;\">Non-current assets and disposal groups, classified as </span><span style=\"display:inherit;clear:left;\">held for sale, constitute a discontinued operation if<span class=\"_ _c\"></span>, </span><span style=\"display:inherit;clear:left;\">alternatively: </span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _85\"> </span>they represent a significant autonomous business unit </span><span style=\"display:inherit;clear:left;\">or a significant geographical area of operations; </span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_ _24d\"> </span>they are part of a plan to dispose of a significant </span><span style=\"display:inherit;clear:left;\">autonomous business unit or a significant geographical </span><span style=\"display:inherit;clear:left;\">area of operations; or </span><span style=\"display:inherit;clear:left;\">(iii) <span class=\"_ _1\"></span>they relate to a subsidiar<span class=\"_ _0\"></span>y acquired exclusively to be </span><span style=\"display:inherit;clear:left;\">sold. </span><span style=\"display:inherit;clear:left;\">The economic results of discontinued operations, as well </span><span style=\"display:inherit;clear:left;\">as any capital gains/losses realised on the disposal, are </span><span style=\"display:inherit;clear:left;\">recorded separately in the Income Statement under a </span><span style=\"display:inherit;clear:left;\">special item, net of related tax effects, including for the </span><span style=\"display:inherit;clear:left;\">comparative periods.</span><span style=\"display:inherit;clear:left;\">When events occur that no longer permit non-current </span><span style=\"display:inherit;clear:left;\">assets or disposal groups to be classified as held for </span><span style=\"display:inherit;clear:left;\">sale, they are reclassified to the respective items in the </span><span style=\"display:inherit;clear:left;\">statement of financial position and recognised at the </span><span style=\"display:inherit;clear:left;\">lower of the following: the book value at the date of </span><span style=\"display:inherit;clear:left;\">classification as held for sale; and (ii) the r<span class=\"_ _0\"></span>eco<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e </span><span style=\"display:inherit;clear:left;\">amount at the reclassification date.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__42": {
   "value": "<span style=\"display:inherit;clear:left;\">5.1<span class=\"_ _1\"></span>1 Revenues</span><span style=\"display:inherit;clear:left;\">The recognition of revenues from contracts with </span><span style=\"display:inherit;clear:left;\">customers is based on the following five steps: (i) </span><span style=\"display:inherit;clear:left;\">identification of the contract with the customer; </span><span style=\"display:inherit;clear:left;\">(ii) identification of the performance obligations, </span><span style=\"display:inherit;clear:left;\">represented by the contractual commitment to transfer </span><span style=\"display:inherit;clear:left;\">goods and/or services to a customer; (iii) calculation of </span><span style=\"display:inherit;clear:left;\">the transaction\u2019s price; (iv) allocation of the transaction<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">price to the performance obligations identified based </span><span style=\"display:inherit;clear:left;\">on the stand alone sales price of each of the goods </span><span style=\"display:inherit;clear:left;\">or services; (v) measurement of the revenue when </span><span style=\"display:inherit;clear:left;\">the performance obligation is met, i.e. at the time of </span><span style=\"display:inherit;clear:left;\">the transfer to the customer of the goods or services </span><span style=\"display:inherit;clear:left;\">promised; the transfer is considered to be completed </span><span style=\"display:inherit;clear:left;\">when the customer obtains control of the goods or </span><span style=\"display:inherit;clear:left;\">service, which can take place over time or at a point in </span><span style=\"display:inherit;clear:left;\">time.</span><span style=\"display:inherit;clear:left;\">Revenues are measured for the amount equal to the fair </span><span style=\"display:inherit;clear:left;\">value of the consideration which the business believes </span><span style=\"display:inherit;clear:left;\">it has the right to in exchange for the goods and/or<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">services promised to the customer, with the ex<span class=\"_ _c\"></span>ception </span><span style=\"display:inherit;clear:left;\">of amounts collected on behalf of third-parties. If there </span><span style=\"display:inherit;clear:left;\">is a variable consideration, the business estimates the </span><span style=\"display:inherit;clear:left;\">amount of the consideration it shall have the right to </span><span style=\"display:inherit;clear:left;\">in exchange for the transfer of goods and/or services </span><span style=\"display:inherit;clear:left;\">promised to the customer; in particular<span class=\"_ _1\"></span>, the amount of </span><span style=\"display:inherit;clear:left;\">the consideration may vary in the presence of discounts, </span><span style=\"display:inherit;clear:left;\">refunds, incentives, price concessions, performance </span><span style=\"display:inherit;clear:left;\">bonuses, penalties or if the price itself depends on the </span><span style=\"display:inherit;clear:left;\">occurrence or non-occurrence of certain future events.</span><span style=\"display:inherit;clear:left;\">Regulated revenues from the Snam Group's revenues<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">refer to services related to natural gas transportation, </span><span style=\"display:inherit;clear:left;\">dispatching and storage activities and liquefied natural </span><span style=\"display:inherit;clear:left;\">gas regasification, which are recognised in the financial </span><span style=\"display:inherit;clear:left;\">statements over the period in which the service is </span><span style=\"display:inherit;clear:left;\">rendered, and to \u2018unregulated\u2019 services. </span><span style=\"display:inherit;clear:left;\">The recognition of revenues for regulated services is </span><span style=\"display:inherit;clear:left;\">conditioned and influenced by the regulatory framework </span><span style=\"display:inherit;clear:left;\">defined by ARER<span class=\"_ _0\"></span>A, the energy regulator, therefore the<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">economic conditions of the services provided are defined </span><span style=\"display:inherit;clear:left;\">through regulatory schemes and not on a negotiation </span><span style=\"display:inherit;clear:left;\">basis. The revenues recognised in the income statement </span><span style=\"display:inherit;clear:left;\">coincide with those recognised by the regulator (so-</span><span style=\"display:inherit;clear:left;\">called 'revenue cap').<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">As regards the transportation business segment, the </span><span style=\"display:inherit;clear:left;\">difference between the revenue recognised by the </span><span style=\"display:inherit;clear:left;\">regulator (so- called \u201crevenue cap\u201d) and that actually<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">accrued is recorded, if positive, in the item of the </span><span style=\"display:inherit;clear:left;\">statement of financial position \u201cTrade payables and<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">other payables\u201d and, if negative, in the item \u201cTrade<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">and other receivables\u201d, as it will be subject to cash </span><span style=\"display:inherit;clear:left;\">settlement with the Energy and Environmental Services </span><span style=\"display:inherit;clear:left;\">Fund (<span class=\"_ _c\"></span>CSE<span class=\"_ _0\"></span>A). </span><span style=\"display:inherit;clear:left;\">In the Regasification and Storage segments any </span><span style=\"display:inherit;clear:left;\">difference between the revenue recognised by the </span><span style=\"display:inherit;clear:left;\">regulator and the accrued revenue is recognised in </span><span style=\"display:inherit;clear:left;\">the balance sheet item \u201cTrade and other receivables\u201d,<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">if positive, and in the item \u201cTrade payables and other<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">payables\u201d, if negative, inasmuch as it will be subject to </span><span style=\"display:inherit;clear:left;\">cash settlement with the Energy and Environmental </span><span style=\"display:inherit;clear:left;\">Services Fund (CSEA).</span><span style=\"display:inherit;clear:left;\">With specific reference to the principle of neutrality </span><span style=\"display:inherit;clear:left;\">defined by applicable regulations, transactions carried </span><span style=\"display:inherit;clear:left;\">out on the balancing market generate neither costs<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">nor revenue, as they are mere pass-through items. </span><span style=\"display:inherit;clear:left;\">Any (positive or negative) differences from the usage<span class=\"_ _1\"></span> </span><span style=\"display:inherit;clear:left;\">of different prices for the transactions above will be </span><span style=\"display:inherit;clear:left;\">neutralized by recognizing an asset or liability for CSEA<span class=\"_ _0\"></span>, </span><span style=\"display:inherit;clear:left;\">given that these differences are equalized by the latter<span class=\"_ _1\"></span>. </span><span style=\"display:inherit;clear:left;\">Unregulated revenues mainly concern: (i) fees for </span><span style=\"display:inherit;clear:left;\">the construction of biogas and biomethane plants; </span><span style=\"display:inherit;clear:left;\">(ii) technical-specialist services to non-consolidated </span><span style=\"display:inherit;clear:left;\">foreign companies; (iii) provision of services relating to </span><span style=\"display:inherit;clear:left;\">energy efficiency projects; (iv) the sale of automotive </span><span style=\"display:inherit;clear:left;\">compressors - CNG. The recognition of these revenues </span><span style=\"display:inherit;clear:left;\">occurs over the period of provision of the service.</span><span style=\"display:inherit;clear:left;\">With reference to the energy efficiency business, </span><span style=\"display:inherit;clear:left;\">the Renovit Group deals, in particular<span class=\"_ _1\"></span>, with the </span><span style=\"display:inherit;clear:left;\">redevelopment and recovery activities of residential </span><span style=\"display:inherit;clear:left;\">building stock (\"Deep Renovation\"), allowing customers<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">to access the tax deductions permitted by the relevant </span><span style=\"display:inherit;clear:left;\">legislation, such as the CD. Superbonus, as well as the so-</span><span style=\"display:inherit;clear:left;\">called minor bonuses (i.e. Sismabonus, Ecobonus, etc.). </span><span style=\"display:inherit;clear:left;\">Revenues are recognized over the contractual period<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">(over-time<span class=\"_ _c\"></span>), i.e. when control of the good and/or service </span><span style=\"display:inherit;clear:left;\">is transferred to the end customer<span class=\"_ _1\"></span>, for an amount equal </span><span style=\"display:inherit;clear:left;\">to the amount that the Group expects to receive for this </span><span style=\"display:inherit;clear:left;\">operation.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__43": {
   "value": "<span style=\"display:inherit;clear:left;\">5.12 <span class=\"_ _85\"> </span>Employee benefits</span><span style=\"display:inherit;clear:left;\">Short-term employee benefits</span><span style=\"display:inherit;clear:left;\">Short<span class=\"_ _c\"></span>-term benefits for employee are recognised as a </span><span style=\"display:inherit;clear:left;\">cost at the time when the service is rendered. The Group </span><span style=\"display:inherit;clear:left;\">recognises a liability, classified under \u201cTrade payables and </span><span style=\"display:inherit;clear:left;\">other payables\u201d for the amount due to be paid when it </span><span style=\"display:inherit;clear:left;\">has a current legal or constructive obligation to make such </span><span style=\"display:inherit;clear:left;\">payments.</span><span style=\"display:inherit;clear:left;\">Post-employment benefits</span><span style=\"display:inherit;clear:left;\">Post<span class=\"_ _c\"></span>-employment benefits are defined according to </span><span style=\"display:inherit;clear:left;\">programmes, including non- formalised programmes, </span><span style=\"display:inherit;clear:left;\">which, depending on their characteristics, are classed as </span><span style=\"display:inherit;clear:left;\">\u201cdefined-benefit\u201d or \u201cdefined-contribution\u201d plans. </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ff74\"> Defined benefit plans</span></span><span style=\"display:inherit;clear:left;\">The liability associated with defined-benefit plans is </span><span style=\"display:inherit;clear:left;\">determined by estimating the present value of the future </span><span style=\"display:inherit;clear:left;\">benefits accrued by the employees during the current </span><span style=\"display:inherit;clear:left;\">year and in previous years, and by calculating the fair value </span><span style=\"display:inherit;clear:left;\">of any assets servicing the plan. The present value of the </span><span style=\"display:inherit;clear:left;\">obligations is determined based on actuarial assumptions </span><span style=\"display:inherit;clear:left;\">and is recognised on an accruals basis consistent with the </span><span style=\"display:inherit;clear:left;\">employment period necessary to obtain the benefits.</span><span style=\"display:inherit;clear:left;\">Actuarial gains and losses relating to defined-benefit </span><span style=\"display:inherit;clear:left;\">plans arising from changes in actuarial assumptions </span><span style=\"display:inherit;clear:left;\">or experience adjustments are recognised in the </span><span style=\"display:inherit;clear:left;\">comprehensive income statement in the period in which </span><span style=\"display:inherit;clear:left;\">they occurred,and are not subsequently recognised in the </span><span style=\"display:inherit;clear:left;\">income statement. When a plan is changed, reduced or </span><span style=\"display:inherit;clear:left;\">extinguished, the relative effects are recognised in the </span><span style=\"display:inherit;clear:left;\">income statement.</span><span style=\"display:inherit;clear:left;\">Net financial expense represents the change that the net </span><span style=\"display:inherit;clear:left;\">liability undergoes during the year due to the passing </span><span style=\"display:inherit;clear:left;\">of time. Net interest is determined by applying to the </span><span style=\"display:inherit;clear:left;\">liabilities, net of any plan assets, the discount rate used </span><span style=\"display:inherit;clear:left;\">for the discounting used for the liabilities. The net </span><span style=\"display:inherit;clear:left;\">financial expense of defined-benefit plans is recognised in </span><span style=\"display:inherit;clear:left;\">\u201cFinancial expense (income)\u201d.</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ff74\">Defined contribution plans</span></span><span style=\"display:inherit;clear:left;\">In defined-contribution plans, the Company\u2019s obligation is </span><span style=\"display:inherit;clear:left;\">calculated, limited to the payment of state contributions </span><span style=\"display:inherit;clear:left;\">or to equity or a legally separate entity (fund), based on </span><span style=\"display:inherit;clear:left;\">contributions due. </span><span style=\"display:inherit;clear:left;\">The costs associated with defined-benefit contributions are </span><span style=\"display:inherit;clear:left;\">recognised in the income statement as and when they are </span><span style=\"display:inherit;clear:left;\">incurred.</span><span style=\"display:inherit;clear:left;\">Other long-term benefits</span><span style=\"display:inherit;clear:left;\">Obligations relating to other long-term benefits are </span><span style=\"display:inherit;clear:left;\">calculated using actuarial assumptions; the effects arising </span><span style=\"display:inherit;clear:left;\">from the amendments to the actuarial assumptions or </span><span style=\"display:inherit;clear:left;\">from the adjustments made based on past experience are </span><span style=\"display:inherit;clear:left;\">recognised entirely in the income statement.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__44": {
   "value": "<span style=\"display:inherit;clear:left;\">Benefits due for the termination of employment</span><span style=\"display:inherit;clear:left;\">Employee termination benefits are recognised as an </span><span style=\"display:inherit;clear:left;\">expense when the Group is committed without recourse </span><span style=\"display:inherit;clear:left;\">to offering such benefits or when the Group recognises </span><span style=\"display:inherit;clear:left;\">restructuring costs, whichever is earlier<span class=\"_ _1\"></span>.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTerminationBenefits",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__45": {
   "value": "<span style=\"display:inherit;clear:left;\">Share-based payments (share-based incentive plan)</span><span style=\"display:inherit;clear:left;\">Employee benefits, consistent with the substantial nature </span><span style=\"display:inherit;clear:left;\">of remuneration, include the cost of share-based incentive </span><span style=\"display:inherit;clear:left;\">plans. The cost of the incentive is determined with </span><span style=\"display:inherit;clear:left;\">reference to the fair value of the instruments granted </span><span style=\"display:inherit;clear:left;\">and the forecast of the number of shares that will actually </span><span style=\"display:inherit;clear:left;\">be granted; the portion pertaining to the financial year is </span><span style=\"display:inherit;clear:left;\">determined pro rata temporis over the vesting period, i.e., </span><span style=\"display:inherit;clear:left;\">the period between the grant date and the assignment </span><span style=\"display:inherit;clear:left;\">date. The fair value of the shares underlying the incentive </span><span style=\"display:inherit;clear:left;\">plan is calculated at the grant date taking into account </span><span style=\"display:inherit;clear:left;\">the forecasts with regard to reaching the performance </span><span style=\"display:inherit;clear:left;\">parameters associated with market conditions and is not </span><span style=\"display:inherit;clear:left;\">adjusted in future financial years; when obtaining the </span><span style=\"display:inherit;clear:left;\">benefit is also connected to conditions other than market </span><span style=\"display:inherit;clear:left;\">conditions, the estimate relating to these conditions </span><span style=\"display:inherit;clear:left;\">is reflected by adjusting the number of shares during </span><span style=\"display:inherit;clear:left;\">the vesting period that are expected to effectively be </span><span style=\"display:inherit;clear:left;\">allocated.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__46": {
   "value": "<span style=\"display:inherit;clear:left;\">5.13 <span class=\"_ _85\"> </span>Accounting for environmental </span><span style=\"display:inherit;clear:left;\">certificates - Emission trading systems</span><span style=\"display:inherit;clear:left;\">The European Emission T<span class=\"_ _c\"></span>rading System, established to </span><span style=\"display:inherit;clear:left;\">manage and trade emission allowances, sets an upper limit </span><span style=\"display:inherit;clear:left;\">for greenhouse gas emissions produced over the course of </span><span style=\"display:inherit;clear:left;\">a year<span class=\"_ _1\"></span>, for which a certain number of emission allowances </span><span style=\"display:inherit;clear:left;\">are issued free of charge by the competent national </span><span style=\"display:inherit;clear:left;\">authorities. In the course of the year<span class=\"_ _1\"></span>, depending on the </span><span style=\"display:inherit;clear:left;\">actual greenhouse gas emissions produced, each company </span><span style=\"display:inherit;clear:left;\">has the option to sell or the obligation to acquire emission </span><span style=\"display:inherit;clear:left;\">allowances on the market for a consideration.</span><span style=\"display:inherit;clear:left;\">Allowances purchased for a consideration to offset </span><span style=\"display:inherit;clear:left;\">emissions released into the atmosphere during the year are </span><span style=\"display:inherit;clear:left;\">recognised in the income statement; any quotas purchased </span><span style=\"display:inherit;clear:left;\">in excess of requirements are recognised under \"Other </span><span style=\"display:inherit;clear:left;\">current assets\", while any quotas allocated free of charge, </span><span style=\"display:inherit;clear:left;\">not used in the year of allocation, are not recognised in </span><span style=\"display:inherit;clear:left;\">the balance sheet as they are used for the following year's </span><span style=\"display:inherit;clear:left;\">requirements.</span><span style=\"display:inherit;clear:left;\">In the case of any deficit emission allowances for which </span><span style=\"display:inherit;clear:left;\">no market purchase has been made at the end of the </span><span style=\"display:inherit;clear:left;\">reporting period, the cost and the corresponding liability are </span><span style=\"display:inherit;clear:left;\">recognised at the end of the financial year at market value.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmissionRightsExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__47": {
   "value": "<span style=\"display:inherit;clear:left;\">5.14 <span class=\"_ _85\"> </span>Foreign currency transactions</span><span style=\"display:inherit;clear:left;\">The criteria adopted by Snam to convert transactions in </span><span style=\"display:inherit;clear:left;\">currencies other than the functional currency (the Euro) are </span><span style=\"display:inherit;clear:left;\">summarised below:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>revenue and costs relating to transactions in currencies </span><span style=\"display:inherit;clear:left;\">other than the functional currency are recognised at the </span><span style=\"display:inherit;clear:left;\">exchange rate in effect on the day when the transaction </span><span style=\"display:inherit;clear:left;\">was carried out;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>monetar<span class=\"_ _0\"></span>y assets and liabilities in currencies other than </span><span style=\"display:inherit;clear:left;\">the functional currency are converted into Euro by </span><span style=\"display:inherit;clear:left;\">applying the exchange rate in effect on the reporting </span><span style=\"display:inherit;clear:left;\">date, allocating the effect to the income statement;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>non-monetar<span class=\"_ _0\"></span>y assets and liabilities in currencies other </span><span style=\"display:inherit;clear:left;\">than the functional currency which are measured at </span><span style=\"display:inherit;clear:left;\">cost are recognised at the initially recorded exchange </span><span style=\"display:inherit;clear:left;\">rate; when the measurement is made at fair value or </span><span style=\"display:inherit;clear:left;\">recoverable or realisable value, the exchange rate used is </span><span style=\"display:inherit;clear:left;\">that in effect on the measurement date.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__49": {
   "value": "<span style=\"display:inherit;clear:left;\">5.15 <span class=\"_ _85\"> </span>Income taxes</span><span style=\"display:inherit;clear:left;\">Current income taxes are calculated on the basis of </span><span style=\"display:inherit;clear:left;\">estimated taxable income. T<span class=\"_ _c\"></span>ax payables and receivables for </span><span style=\"display:inherit;clear:left;\">current taxes are recognised at the value expected to be </span><span style=\"display:inherit;clear:left;\">paid/recovered to/ from the tax authorities by applying the </span><span style=\"display:inherit;clear:left;\">tax rates and regulations in force or substantially approved </span><span style=\"display:inherit;clear:left;\">at the end of the reporting period. As far as corporate </span><span style=\"display:inherit;clear:left;\">income tax (IRES) is concerned, Snam has opted for the </span><span style=\"display:inherit;clear:left;\">national tax consolidation scheme, which 28 subsidiaries </span><span style=\"display:inherit;clear:left;\">formally participate in. The expected liability is recognised </span><span style=\"display:inherit;clear:left;\">under 'Current tax liabilities<span class=\"_ _c\"></span>'.</span><span style=\"display:inherit;clear:left;\">The regulations governing Snam Group companies\u2019 </span><span style=\"display:inherit;clear:left;\">participation in the national tax consolidation scheme </span><span style=\"display:inherit;clear:left;\">require:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>subsidiaries with positive taxable income to pay the </span><span style=\"display:inherit;clear:left;\">amount due to Snam. The taxable income of the </span><span style=\"display:inherit;clear:left;\">subsidiary, used to determine the tax, is adjusted to </span><span style=\"display:inherit;clear:left;\">account for the recovery of negative components </span><span style=\"display:inherit;clear:left;\">that would have been non-deductible without the </span><span style=\"display:inherit;clear:left;\">consolidation scheme (e.g. interest expense), the so-</span><span style=\"display:inherit;clear:left;\">called ACE (aid for economic growth) effect and an<span class=\"_ _c\"></span>y </span><span style=\"display:inherit;clear:left;\">negative taxable income relating to the subsidiary<span class=\"_ _0\"></span>\u2019s </span><span style=\"display:inherit;clear:left;\">equity investments in consolidated companies;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>subsidiaries with negative taxable income, if and insofar </span><span style=\"display:inherit;clear:left;\">as they have prospective profitability which, without </span><span style=\"display:inherit;clear:left;\">the national tax consolidation scheme, would have </span><span style=\"display:inherit;clear:left;\">enabled them to recognise deferred tax assets related </span><span style=\"display:inherit;clear:left;\">to the negative taxable income on the separate financial </span><span style=\"display:inherit;clear:left;\">statements, receive from their shareholders \u2013 in the </span><span style=\"display:inherit;clear:left;\">event that these are companies with a positive taxable </span><span style=\"display:inherit;clear:left;\">income or a negative taxable income with prospective </span><span style=\"display:inherit;clear:left;\">profitability \u2013 or from Snam in other cases, compensation </span><span style=\"display:inherit;clear:left;\">amounting to the lower of the tax saving realised by the </span><span style=\"display:inherit;clear:left;\">Group and the aforementioned deferred tax assets.</span><span style=\"display:inherit;clear:left;\">Regional production tax (IRAP) is recognised under the item </span><span style=\"display:inherit;clear:left;\">\u201cCurrent tax liabilities\u201d - \u201c<span class=\"_ _c\"></span>Current tax assets\u201d.</span><span style=\"display:inherit;clear:left;\">Deferred taxes are calculated on the timing differences </span><span style=\"display:inherit;clear:left;\">between the values of the assets and liabilities entered </span><span style=\"display:inherit;clear:left;\">in the balance sheet and the corresponding values </span><span style=\"display:inherit;clear:left;\">recognized for tax purposes, based on the prevailing tax </span><span style=\"display:inherit;clear:left;\">regulations and rates applicable in financial years in which </span><span style=\"display:inherit;clear:left;\">the temporary difference will be cancelled, approved or </span><span style=\"display:inherit;clear:left;\">essentially approved at the end of the relevant reporting </span><span style=\"display:inherit;clear:left;\">period. Deferred tax assets are recognised when </span><span style=\"display:inherit;clear:left;\">their recovery is considered probable; specifically, the </span><span style=\"display:inherit;clear:left;\">recoverability of deferred tax assets is considered probable </span><span style=\"display:inherit;clear:left;\">when taxable income is expected to be available in the </span><span style=\"display:inherit;clear:left;\">period in which the temporary difference is cancelled, </span><span style=\"display:inherit;clear:left;\">allowing for the activation of the tax deduction. Similarly, </span><span style=\"display:inherit;clear:left;\">unused tax credits and deferred tax assets on tax losses </span><span style=\"display:inherit;clear:left;\">are recognised within the limits of their recoverability; with </span><span style=\"display:inherit;clear:left;\">reference to deferred tax assets, their recoverability is </span><span style=\"display:inherit;clear:left;\">verified at least annually.</span><span style=\"display:inherit;clear:left;\">If there are uncertainties over the application of tax </span><span style=\"display:inherit;clear:left;\">regulations: (i) in cases where it is deemed probable </span><span style=\"display:inherit;clear:left;\">that the tax authorities will accept the uncertain tax </span><span style=\"display:inherit;clear:left;\">treatment, the income taxes (current and/or deferred) </span><span style=\"display:inherit;clear:left;\">to be recognised in the financial statements according to </span><span style=\"display:inherit;clear:left;\">the tax treatment applied or which it is expected to apply </span><span style=\"display:inherit;clear:left;\">during the tax return are calculated; (ii) in cases where it is </span><span style=\"display:inherit;clear:left;\">not deemed probable that the tax authorities will accept </span><span style=\"display:inherit;clear:left;\">the uncertain tax treatment, this uncertainty is reflected in </span><span style=\"display:inherit;clear:left;\">calculating the (current and/or deferred) income taxes to </span><span style=\"display:inherit;clear:left;\">be recognised in the financial statements.</span><span style=\"display:inherit;clear:left;\">Deferred tax assets and deferred tax liabilities are classified </span><span style=\"display:inherit;clear:left;\">under non-current assets and liabilities and are offset at </span><span style=\"display:inherit;clear:left;\">individual company level if they refer to taxes which can be </span><span style=\"display:inherit;clear:left;\">offset and/or at the level of the consolidating company in </span><span style=\"display:inherit;clear:left;\">the presence of the taxation regime set out in the national </span><span style=\"display:inherit;clear:left;\">consolidation scheme. The balance of the offsetting, if it </span><span style=\"display:inherit;clear:left;\">results in an asset, is recognised under the item \u201cDeferred </span><span style=\"display:inherit;clear:left;\">tax assets\u201d; if it results in a liability, it is recognised under </span><span style=\"display:inherit;clear:left;\">the item \u201cDeferred tax liabilities\u201d. When the results of </span><span style=\"display:inherit;clear:left;\">transactions are recognised directly in equity, current and </span><span style=\"display:inherit;clear:left;\">deferred taxes are also posted to equity.</span><span style=\"display:inherit;clear:left;\">Global Minimum T<span class=\"_ _1\"></span>ax (Pillar II)</span><span style=\"display:inherit;clear:left;\">Council Directive (EU) 2022/2523 - on the basis of the </span><span style=\"display:inherit;clear:left;\">paper 'T<span class=\"_ _c\"></span>ax Challenges Arising from the Digitalisation </span><span style=\"display:inherit;clear:left;\">of the Economy- Global Anti-Base Erosion Model Rules </span><span style=\"display:inherit;clear:left;\">(Pillar T<span class=\"_ _1\"></span>wo)' issued by the OE<span class=\"_ _c\"></span>CD on 14 December 2021 </span><span style=\"display:inherit;clear:left;\">- introduced a minimum effective taxation regime for </span><span style=\"display:inherit;clear:left;\">domestic and multinational groups at the rate of 15% for </span><span style=\"display:inherit;clear:left;\">each jurisdiction in which they are located, providing for the </span><span style=\"display:inherit;clear:left;\">application of a top-up tax in cases where the effective tax </span><span style=\"display:inherit;clear:left;\">rate per country, with the adjustments provided for in the </span><span style=\"display:inherit;clear:left;\">application rules, is lower than the 15% minimum taxation. </span><span style=\"display:inherit;clear:left;\">This legislation was transposed into domestic law by Italian </span><span style=\"display:inherit;clear:left;\">Legislative Decree 209 of 27 December 2023 ('Pillar II' or </span><span style=\"display:inherit;clear:left;\">'global minimum tax') with effect from the 2024 tax year<span class=\"_ _1\"></span>. </span><span style=\"display:inherit;clear:left;\">In this regard, the Snam Group, in coordination with the </span><span style=\"display:inherit;clear:left;\">parent company CDP<span class=\"_ _1\"></span>, participated in a specific project in </span><span style=\"display:inherit;clear:left;\">2023, with the support of a leading advisor<span class=\"_ _1\"></span>, concerning the: </span><span style=\"display:inherit;clear:left;\">(i) mapping of entities relevant to Pillar II; (ii) collection of </span><span style=\"display:inherit;clear:left;\">information necessary for the purposes of determining the </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>ransitional Countr<span class=\"_ _0\"></span>y-by-Country safe harbour; (iii) collection </span><span style=\"display:inherit;clear:left;\">of information relevant to the calculation of Globe Income </span><span style=\"display:inherit;clear:left;\">and Adjusted Covered T<span class=\"_ _c\"></span>axes, necessary for the calculation </span><span style=\"display:inherit;clear:left;\">of the minimum tax rate of 15%; (iv) the preparation of the </span><span style=\"display:inherit;clear:left;\">Gap Analysis. This activity was carried out with reference to </span><span style=\"display:inherit;clear:left;\">the 2022 tax year<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">On 23 May 2023, the IASB published an amendment </span><span style=\"display:inherit;clear:left;\">entitled <span class=\"ff74\">\"<span class=\"_ _1\"></span>Amendments to IAS 12 Income tax<span class=\"_ _c\"></span>es: </span></span><span style=\"display:inherit;clear:left;\">International T<span class=\"_ _1\"></span>ax Reform \u2013 Pillar T<span class=\"_ _1\"></span>wo Model Rules\"<span class=\"ff7b\">. The </span></span><span style=\"display:inherit;clear:left;\">document, whose adoption process by the EU ended on </span><span style=\"display:inherit;clear:left;\">8 November 2023, introduces a temporary exception to </span><span style=\"display:inherit;clear:left;\">the recognition and disclosure requirements for deferred </span><span style=\"display:inherit;clear:left;\">tax assets and liabilities related to the Pillar T<span class=\"_ _1\"></span>wo Model </span><span style=\"display:inherit;clear:left;\">Rules and provides for specific disclosure requirements for </span><span style=\"display:inherit;clear:left;\">entities affected by the related International T<span class=\"_ _c\"></span>ax Reform. </span><span style=\"display:inherit;clear:left;\">The document provides, in particular<span class=\"_ _1\"></span>, for the immediate </span><span style=\"display:inherit;clear:left;\">application of the temporary exception, while the </span><span style=\"display:inherit;clear:left;\">disclosure requirements will only be applicable to annual </span><span style=\"display:inherit;clear:left;\">financial statements commencing on or after 1 January </span><span style=\"display:inherit;clear:left;\">2023.</span><span style=\"display:inherit;clear:left;\">As a result of the work done so far in connection with </span><span style=\"display:inherit;clear:left;\">the year 2022, based on currently available information, </span><span style=\"display:inherit;clear:left;\">an estimated supplementary tax is expected to be </span><span style=\"display:inherit;clear:left;\">insignificant.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__48": {
   "value": "<span style=\"display:inherit;clear:left;\">5.15 <span class=\"_ _85\"> </span>Income taxes</span><span style=\"display:inherit;clear:left;\">Current income taxes are calculated on the basis of </span><span style=\"display:inherit;clear:left;\">estimated taxable income. T<span class=\"_ _c\"></span>ax payables and receivables for </span><span style=\"display:inherit;clear:left;\">current taxes are recognised at the value expected to be </span><span style=\"display:inherit;clear:left;\">paid/recovered to/ from the tax authorities by applying the </span><span style=\"display:inherit;clear:left;\">tax rates and regulations in force or substantially approved </span><span style=\"display:inherit;clear:left;\">at the end of the reporting period. As far as corporate </span><span style=\"display:inherit;clear:left;\">income tax (IRES) is concerned, Snam has opted for the </span><span style=\"display:inherit;clear:left;\">national tax consolidation scheme, which 28 subsidiaries </span><span style=\"display:inherit;clear:left;\">formally participate in. The expected liability is recognised </span><span style=\"display:inherit;clear:left;\">under 'Current tax liabilities<span class=\"_ _c\"></span>'.</span><span style=\"display:inherit;clear:left;\">The regulations governing Snam Group companies\u2019 </span><span style=\"display:inherit;clear:left;\">participation in the national tax consolidation scheme </span><span style=\"display:inherit;clear:left;\">require:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>subsidiaries with positive taxable income to pay the </span><span style=\"display:inherit;clear:left;\">amount due to Snam. The taxable income of the </span><span style=\"display:inherit;clear:left;\">subsidiary, used to determine the tax, is adjusted to </span><span style=\"display:inherit;clear:left;\">account for the recovery of negative components </span><span style=\"display:inherit;clear:left;\">that would have been non-deductible without the </span><span style=\"display:inherit;clear:left;\">consolidation scheme (e.g. interest expense), the so-</span><span style=\"display:inherit;clear:left;\">called ACE (aid for economic growth) effect and an<span class=\"_ _c\"></span>y </span><span style=\"display:inherit;clear:left;\">negative taxable income relating to the subsidiary<span class=\"_ _0\"></span>\u2019s </span><span style=\"display:inherit;clear:left;\">equity investments in consolidated companies;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>subsidiaries with negative taxable income, if and insofar </span><span style=\"display:inherit;clear:left;\">as they have prospective profitability which, without </span><span style=\"display:inherit;clear:left;\">the national tax consolidation scheme, would have </span><span style=\"display:inherit;clear:left;\">enabled them to recognise deferred tax assets related </span><span style=\"display:inherit;clear:left;\">to the negative taxable income on the separate financial </span><span style=\"display:inherit;clear:left;\">statements, receive from their shareholders \u2013 in the </span><span style=\"display:inherit;clear:left;\">event that these are companies with a positive taxable </span><span style=\"display:inherit;clear:left;\">income or a negative taxable income with prospective </span><span style=\"display:inherit;clear:left;\">profitability \u2013 or from Snam in other cases, compensation </span><span style=\"display:inherit;clear:left;\">amounting to the lower of the tax saving realised by the </span><span style=\"display:inherit;clear:left;\">Group and the aforementioned deferred tax assets.</span><span style=\"display:inherit;clear:left;\">Regional production tax (IRAP) is recognised under the item </span><span style=\"display:inherit;clear:left;\">\u201cCurrent tax liabilities\u201d - \u201c<span class=\"_ _c\"></span>Current tax assets\u201d.</span><span style=\"display:inherit;clear:left;\">Deferred taxes are calculated on the timing differences </span><span style=\"display:inherit;clear:left;\">between the values of the assets and liabilities entered </span><span style=\"display:inherit;clear:left;\">in the balance sheet and the corresponding values </span><span style=\"display:inherit;clear:left;\">recognized for tax purposes, based on the prevailing tax </span><span style=\"display:inherit;clear:left;\">regulations and rates applicable in financial years in which </span><span style=\"display:inherit;clear:left;\">the temporary difference will be cancelled, approved or </span><span style=\"display:inherit;clear:left;\">essentially approved at the end of the relevant reporting </span><span style=\"display:inherit;clear:left;\">period. Deferred tax assets are recognised when </span><span style=\"display:inherit;clear:left;\">their recovery is considered probable; specifically, the </span><span style=\"display:inherit;clear:left;\">recoverability of deferred tax assets is considered probable </span><span style=\"display:inherit;clear:left;\">when taxable income is expected to be available in the </span><span style=\"display:inherit;clear:left;\">period in which the temporary difference is cancelled, </span><span style=\"display:inherit;clear:left;\">allowing for the activation of the tax deduction. Similarly, </span><span style=\"display:inherit;clear:left;\">unused tax credits and deferred tax assets on tax losses </span><span style=\"display:inherit;clear:left;\">are recognised within the limits of their recoverability; with </span><span style=\"display:inherit;clear:left;\">reference to deferred tax assets, their recoverability is </span><span style=\"display:inherit;clear:left;\">verified at least annually.</span><span style=\"display:inherit;clear:left;\">If there are uncertainties over the application of tax </span><span style=\"display:inherit;clear:left;\">regulations: (i) in cases where it is deemed probable </span><span style=\"display:inherit;clear:left;\">that the tax authorities will accept the uncertain tax </span><span style=\"display:inherit;clear:left;\">treatment, the income taxes (current and/or deferred) </span><span style=\"display:inherit;clear:left;\">to be recognised in the financial statements according to </span><span style=\"display:inherit;clear:left;\">the tax treatment applied or which it is expected to apply </span><span style=\"display:inherit;clear:left;\">during the tax return are calculated; (ii) in cases where it is </span><span style=\"display:inherit;clear:left;\">not deemed probable that the tax authorities will accept </span><span style=\"display:inherit;clear:left;\">the uncertain tax treatment, this uncertainty is reflected in </span><span style=\"display:inherit;clear:left;\">calculating the (current and/or deferred) income taxes to </span><span style=\"display:inherit;clear:left;\">be recognised in the financial statements.</span><span style=\"display:inherit;clear:left;\">Deferred tax assets and deferred tax liabilities are classified </span><span style=\"display:inherit;clear:left;\">under non-current assets and liabilities and are offset at </span><span style=\"display:inherit;clear:left;\">individual company level if they refer to taxes which can be </span><span style=\"display:inherit;clear:left;\">offset and/or at the level of the consolidating company in </span><span style=\"display:inherit;clear:left;\">the presence of the taxation regime set out in the national </span><span style=\"display:inherit;clear:left;\">consolidation scheme. The balance of the offsetting, if it </span><span style=\"display:inherit;clear:left;\">results in an asset, is recognised under the item \u201cDeferred </span><span style=\"display:inherit;clear:left;\">tax assets\u201d; if it results in a liability, it is recognised under </span><span style=\"display:inherit;clear:left;\">the item \u201cDeferred tax liabilities\u201d. When the results of </span><span style=\"display:inherit;clear:left;\">transactions are recognised directly in equity, current and </span><span style=\"display:inherit;clear:left;\">deferred taxes are also posted to equity.</span><span style=\"display:inherit;clear:left;\">Global Minimum T<span class=\"_ _1\"></span>ax (Pillar II)</span><span style=\"display:inherit;clear:left;\">Council Directive (EU) 2022/2523 - on the basis of the </span><span style=\"display:inherit;clear:left;\">paper 'T<span class=\"_ _c\"></span>ax Challenges Arising from the Digitalisation </span><span style=\"display:inherit;clear:left;\">of the Economy- Global Anti-Base Erosion Model Rules </span><span style=\"display:inherit;clear:left;\">(Pillar T<span class=\"_ _1\"></span>wo)' issued by the OE<span class=\"_ _c\"></span>CD on 14 December 2021 </span><span style=\"display:inherit;clear:left;\">- introduced a minimum effective taxation regime for </span><span style=\"display:inherit;clear:left;\">domestic and multinational groups at the rate of 15% for </span><span style=\"display:inherit;clear:left;\">each jurisdiction in which they are located, providing for the </span><span style=\"display:inherit;clear:left;\">application of a top-up tax in cases where the effective tax </span><span style=\"display:inherit;clear:left;\">rate per country, with the adjustments provided for in the </span><span style=\"display:inherit;clear:left;\">application rules, is lower than the 15% minimum taxation. </span><span style=\"display:inherit;clear:left;\">This legislation was transposed into domestic law by Italian </span><span style=\"display:inherit;clear:left;\">Legislative Decree 209 of 27 December 2023 ('Pillar II' or </span><span style=\"display:inherit;clear:left;\">'global minimum tax') with effect from the 2024 tax year<span class=\"_ _1\"></span>. </span><span style=\"display:inherit;clear:left;\">In this regard, the Snam Group, in coordination with the </span><span style=\"display:inherit;clear:left;\">parent company CDP<span class=\"_ _1\"></span>, participated in a specific project in </span><span style=\"display:inherit;clear:left;\">2023, with the support of a leading advisor<span class=\"_ _1\"></span>, concerning the: </span><span style=\"display:inherit;clear:left;\">(i) mapping of entities relevant to Pillar II; (ii) collection of </span><span style=\"display:inherit;clear:left;\">information necessary for the purposes of determining the </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>ransitional Countr<span class=\"_ _0\"></span>y-by-Country safe harbour; (iii) collection </span><span style=\"display:inherit;clear:left;\">of information relevant to the calculation of Globe Income </span><span style=\"display:inherit;clear:left;\">and Adjusted Covered T<span class=\"_ _c\"></span>axes, necessary for the calculation </span><span style=\"display:inherit;clear:left;\">of the minimum tax rate of 15%; (iv) the preparation of the </span><span style=\"display:inherit;clear:left;\">Gap Analysis. This activity was carried out with reference to </span><span style=\"display:inherit;clear:left;\">the 2022 tax year<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">On 23 May 2023, the IASB published an amendment </span><span style=\"display:inherit;clear:left;\">entitled <span class=\"ff74\">\"<span class=\"_ _1\"></span>Amendments to IAS 12 Income tax<span class=\"_ _c\"></span>es: </span></span><span style=\"display:inherit;clear:left;\">International T<span class=\"_ _1\"></span>ax Reform \u2013 Pillar T<span class=\"_ _1\"></span>wo Model Rules\"<span class=\"ff7b\">. The </span></span><span style=\"display:inherit;clear:left;\">document, whose adoption process by the EU ended on </span><span style=\"display:inherit;clear:left;\">8 November 2023, introduces a temporary exception to </span><span style=\"display:inherit;clear:left;\">the recognition and disclosure requirements for deferred </span><span style=\"display:inherit;clear:left;\">tax assets and liabilities related to the Pillar T<span class=\"_ _1\"></span>wo Model </span><span style=\"display:inherit;clear:left;\">Rules and provides for specific disclosure requirements for </span><span style=\"display:inherit;clear:left;\">entities affected by the related International T<span class=\"_ _c\"></span>ax Reform. </span><span style=\"display:inherit;clear:left;\">The document provides, in particular<span class=\"_ _1\"></span>, for the immediate </span><span style=\"display:inherit;clear:left;\">application of the temporary exception, while the </span><span style=\"display:inherit;clear:left;\">disclosure requirements will only be applicable to annual </span><span style=\"display:inherit;clear:left;\">financial statements commencing on or after 1 January </span><span style=\"display:inherit;clear:left;\">2023.</span><span style=\"display:inherit;clear:left;\">As a result of the work done so far in connection with </span><span style=\"display:inherit;clear:left;\">the year 2022, based on currently available information, </span><span style=\"display:inherit;clear:left;\">an estimated supplementary tax is expected to be </span><span style=\"display:inherit;clear:left;\">insignificant.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__50": {
   "value": "<span style=\"display:inherit;clear:left;\">5.16 <span class=\"_ _85\"> </span>Segment reporting (operating </span><span style=\"display:inherit;clear:left;\">segments)</span><span style=\"display:inherit;clear:left;\">Disclosure on business segments has been prepared </span><span style=\"display:inherit;clear:left;\">pursuant to IFRS 8 \u2013 \u201cOperating Segments\u201d: consequently, </span><span style=\"display:inherit;clear:left;\">the identification of the operating segments and the </span><span style=\"display:inherit;clear:left;\">information presented are defined on the basis of the </span><span style=\"display:inherit;clear:left;\">internal reporting used by the Company\u2019s management to </span><span style=\"display:inherit;clear:left;\">allocate resources to the different segments and to analyse </span><span style=\"display:inherit;clear:left;\">the respective performances.</span><span style=\"display:inherit;clear:left;\">An operating segment is defined by IFRS 8 as the </span><span style=\"display:inherit;clear:left;\">component of an entity: (i) that engages in business </span><span style=\"display:inherit;clear:left;\">activities from which it may earn revenue and incur </span><span style=\"display:inherit;clear:left;\">expenses (including revenue and expenses relating to </span><span style=\"display:inherit;clear:left;\">transactions with other components of the same entity); </span><span style=\"display:inherit;clear:left;\">(ii) that has operating results which are regularly reviewed </span><span style=\"display:inherit;clear:left;\">by the entity\u2019s most senior decision-makers for the purpose </span><span style=\"display:inherit;clear:left;\">of making decisions about resources to be allocated to </span><span style=\"display:inherit;clear:left;\">the segment and assessing its performance; (iii) for which </span><span style=\"display:inherit;clear:left;\">separate financial information is available.</span><span style=\"display:inherit;clear:left;\">With reference to the 2023 financial year<span class=\"_ _1\"></span>, the business </span><span style=\"display:inherit;clear:left;\">segments subject to reporting under IFRS 8 are: (i) </span><span style=\"display:inherit;clear:left;\">the T<span class=\"_ _c\"></span>ransportation segment, relating to natural gas </span><span style=\"display:inherit;clear:left;\">transportation activities; (ii) the Regasification segment, </span><span style=\"display:inherit;clear:left;\">relating to Liquefied Natural Gas regasification activities; </span><span style=\"display:inherit;clear:left;\">(iii) the Storage segment, relating to natural gas storage </span><span style=\"display:inherit;clear:left;\">activities; (iv) the Energy transition segment, relating </span><span style=\"display:inherit;clear:left;\">to energy efficiency, biogas/ biomethane business and </span><span style=\"display:inherit;clear:left;\">hydrogen start<span class=\"_ _c\"></span>-up projects. </span><span style=\"display:inherit;clear:left;\">Activities related to the unregulated mobility and </span><span style=\"display:inherit;clear:left;\">liquefaction business do not constitute a separately </span><span style=\"display:inherit;clear:left;\">reported operating segment.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__51": {
   "value": "<span style=\"display:inherit;clear:left;\">6) <span class=\"_ _99\"> </span>ASSUMPTIONS AND <span class=\"_ _0\"></span>UNCERT<span class=\"_ _1\"></span>AINTIES </span><span style=\"display:inherit;clear:left;\">IN ESTIMA<span class=\"_ _11\"></span>TES  </span><span style=\"display:inherit;clear:left;\">The application of generally accepted accounting principles </span><span style=\"display:inherit;clear:left;\">for the preparation of financial statements involves </span><span style=\"display:inherit;clear:left;\">management making accounting estimates based on </span><span style=\"display:inherit;clear:left;\">complex and/or subjective judgements, estimates based on </span><span style=\"display:inherit;clear:left;\">past experience and assumptions regarded as reasonable </span><span style=\"display:inherit;clear:left;\">and realistic on the basis of the information known at the </span><span style=\"display:inherit;clear:left;\">time of the estimate. The use of these accounting estimates </span><span style=\"display:inherit;clear:left;\">affects the carrying value of assets and liabilities and the<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">disclosure of contingent assets and liabilities at the end of </span><span style=\"display:inherit;clear:left;\">the reporting period, as well as the amount of revenues </span><span style=\"display:inherit;clear:left;\">and costs in the reporting period. Actual results may differ </span><span style=\"display:inherit;clear:left;\">from those estimated due to the uncertainty surrounding </span><span style=\"display:inherit;clear:left;\">the assumptions and conditions on which the estimates are </span><span style=\"display:inherit;clear:left;\">based. Details are given below about the critical accounting </span><span style=\"display:inherit;clear:left;\">estimates involved in the process of preparing the financial </span><span style=\"display:inherit;clear:left;\">statements and interim reports, since they involve a high </span><span style=\"display:inherit;clear:left;\">degree of recourse to subjective judgements, assumptions </span><span style=\"display:inherit;clear:left;\">and estimates regarding matters that are by nature </span><span style=\"display:inherit;clear:left;\">uncertain. Changes in the conditions forming the basis of the </span><span style=\"display:inherit;clear:left;\">judgements, assumptions and estimates used could have a </span><span style=\"display:inherit;clear:left;\">significant impact on subsequent results.</span><span style=\"display:inherit;clear:left;\">6.1 <span class=\"_ _3c\"> </span>Impairment of non-financial assets</span><span style=\"display:inherit;clear:left;\">Non-financial assets are impaired when events or changes </span><span style=\"display:inherit;clear:left;\">in circumstances give cause to believe that the book </span><span style=\"display:inherit;clear:left;\">value is not recoverable. The events that can lead to an </span><span style=\"display:inherit;clear:left;\">impairment of assets include changes in business plans, </span><span style=\"display:inherit;clear:left;\">changes in market prices or a reduced use of plants. </span><span style=\"display:inherit;clear:left;\">The decision on whether to apply impairment and the </span><span style=\"display:inherit;clear:left;\">quantification of any such impairment depend on the </span><span style=\"display:inherit;clear:left;\">Company\u2019s management assessment of complex and </span><span style=\"display:inherit;clear:left;\">highly uncertain factors, such as future price trends, the </span><span style=\"display:inherit;clear:left;\">impact of inflation and technological improvements on </span><span style=\"display:inherit;clear:left;\">production costs, production profiles and conditions </span><span style=\"display:inherit;clear:left;\">of supply and demand. The impairment is determined </span><span style=\"display:inherit;clear:left;\">by comparing the carrying amount with the relevant </span><span style=\"display:inherit;clear:left;\">recoverable amount, represented by the higher of fair </span><span style=\"display:inherit;clear:left;\">value, net of disposal costs, and value in use determined </span><span style=\"display:inherit;clear:left;\">by discounting the expected cash flows from the use of </span><span style=\"display:inherit;clear:left;\">the asset, i.e. represented by the R<span class=\"_ _0\"></span>AB in the context of </span><span style=\"display:inherit;clear:left;\">regulated businesses. Expected cash flows are quantified </span><span style=\"display:inherit;clear:left;\">in light of the information available at the time of the </span><span style=\"display:inherit;clear:left;\">estimate on the basis of subjective judgments about </span><span style=\"display:inherit;clear:left;\">the development of future variables, such as prices, </span><span style=\"display:inherit;clear:left;\">costs, demand growth rates, and production profiles, </span><span style=\"display:inherit;clear:left;\">and are discounted using a rate that takes into account </span><span style=\"display:inherit;clear:left;\">the risk inherent in the activity concerned. The rationale </span><span style=\"display:inherit;clear:left;\">behind the impairment test carried out by management </span><span style=\"display:inherit;clear:left;\">in relation to property, plant and equipment, intangible </span><span style=\"display:inherit;clear:left;\">assets, goodwill and investments accounted for using the </span><span style=\"display:inherit;clear:left;\">equity method is illustrated in Notes 8 'Property, Plant </span><span style=\"display:inherit;clear:left;\">and Equipment', 9 'Intangible assets and goodwill' and </span><span style=\"display:inherit;clear:left;\">10 'Investments accounted for using the equity method', </span><span style=\"display:inherit;clear:left;\">respectively.</span><span style=\"display:inherit;clear:left;\">6.2 <span class=\"_ _3c\"> </span>Impairment of financial assets</span><span style=\"display:inherit;clear:left;\">At each reporting date, assessments are made of the </span><span style=\"display:inherit;clear:left;\">recoverability of financial assets in order to determine the </span><span style=\"display:inherit;clear:left;\">value of expected credit losses (ECL).</span><span style=\"display:inherit;clear:left;\">In particular<span class=\"_ _1\"></span>, the valuation of trade receivables is carried </span><span style=\"display:inherit;clear:left;\">out using the simplified approach established by IFRS </span><span style=\"display:inherit;clear:left;\">9, which involves estimating the ECL over the life of the </span><span style=\"display:inherit;clear:left;\">receivable. </span><span style=\"display:inherit;clear:left;\">For trade receivables related to regulated activities, the </span><span style=\"display:inherit;clear:left;\">valuation takes into account the hedging and guarantee </span><span style=\"display:inherit;clear:left;\">mechanisms established by the Authority, the Codes as </span><span style=\"display:inherit;clear:left;\">well as existing contractual agreements with customers.</span><span style=\"display:inherit;clear:left;\">Impairment for trade receivables arising from unsettled </span><span style=\"display:inherit;clear:left;\">assets is generally based on the expected credit loss </span><span style=\"display:inherit;clear:left;\">model and is performed through the use of both qualified </span><span style=\"display:inherit;clear:left;\">external providers and by means of analysis - performed </span><span style=\"display:inherit;clear:left;\">for uniform categories of counterparties - on observed </span><span style=\"display:inherit;clear:left;\">historical data with respect to the recoverability of the </span><span style=\"display:inherit;clear:left;\">receivable. </span><span style=\"display:inherit;clear:left;\">In general, for certain categories of credits characterised </span><span style=\"display:inherit;clear:left;\">by peculiar risk elements (e.g. litigation or credit recovery </span><span style=\"display:inherit;clear:left;\">practices through legal/judicial proceedings and certain </span><span style=\"display:inherit;clear:left;\">credits relating to incentives linked to the superbonus, </span><span style=\"display:inherit;clear:left;\">ecobonus and sismabonus), specific assessments are </span><span style=\"display:inherit;clear:left;\">carried out on individual credit positions. </span><span style=\"display:inherit;clear:left;\">The rationale behind the expected credit loss model is </span><span style=\"display:inherit;clear:left;\">explained in Note 5.7 \"Significant Accounting Policies </span><span style=\"display:inherit;clear:left;\">- Financial Instruments - Non-Derivative Financial Assets - </span><span style=\"display:inherit;clear:left;\">Receivables and Debt Securities\", respectively.</span><span style=\"display:inherit;clear:left;\">6.3 <span class=\"_ _3c\"> </span>Provision for risks and charges </span><span style=\"display:inherit;clear:left;\">Provision for decommissioning and site restoration</span><span style=\"display:inherit;clear:left;\">The Snam Group incurs significant liabilities associated </span><span style=\"display:inherit;clear:left;\">with obligations to remove and decommission plants </span><span style=\"display:inherit;clear:left;\">or parts of plants. Estimating future decommissioning </span><span style=\"display:inherit;clear:left;\">and restoration costs is a complex process and requires </span><span style=\"display:inherit;clear:left;\">the assessment and judgement of the Company\u2019s </span><span style=\"display:inherit;clear:left;\">management in placing a value on the liabilities that will </span><span style=\"display:inherit;clear:left;\">be incurred many years in the future for compliance with </span><span style=\"display:inherit;clear:left;\">decommissioning and restoration obligations, which often </span><span style=\"display:inherit;clear:left;\">cannot be fully defined by laws, administrative regulations </span><span style=\"display:inherit;clear:left;\">or contractual clauses. In addition, these obligations </span><span style=\"display:inherit;clear:left;\">are affected by constant changes in technology and </span><span style=\"display:inherit;clear:left;\">in decommissioning and restoration costs, as well as </span><span style=\"display:inherit;clear:left;\">the constant growth of political and public awareness </span><span style=\"display:inherit;clear:left;\">regarding matters of health and protection of the </span><span style=\"display:inherit;clear:left;\">environment.</span><span style=\"display:inherit;clear:left;\">The critical nature of the accounting estimates for </span><span style=\"display:inherit;clear:left;\">decommissioning and restoration costs also depends on </span><span style=\"display:inherit;clear:left;\">the technique used to account for these costs, the present </span><span style=\"display:inherit;clear:left;\">value of which is initially capitalised together with the cost </span><span style=\"display:inherit;clear:left;\">of the asset to which they relate as a contra-entry to the </span><span style=\"display:inherit;clear:left;\">provision for risks. Thereafter<span class=\"_ _1\"></span>, the value of the provision </span><span style=\"display:inherit;clear:left;\">for risks is updated to reflect the passing of time and any </span><span style=\"display:inherit;clear:left;\">changes in the estimate as a result of changes in expected </span><span style=\"display:inherit;clear:left;\">cash flows, the timing of their realisation and the discount </span><span style=\"display:inherit;clear:left;\">rates applied.</span><span style=\"display:inherit;clear:left;\">The calculation of the discount rate to be used both in the </span><span style=\"display:inherit;clear:left;\">initial valuation of the cost and in subsequent valuations is </span><span style=\"display:inherit;clear:left;\">the result of a complex process which involves subjective </span><span style=\"display:inherit;clear:left;\">judgements on the part of the Company\u2019s management.</span><span style=\"display:inherit;clear:left;\">Environmental liabilities</span><span style=\"display:inherit;clear:left;\">The Snam Group is subject, in relation to its activities, </span><span style=\"display:inherit;clear:left;\">to numerous laws and regulations on environmental </span><span style=\"display:inherit;clear:left;\">protection at European, national, regional and local </span><span style=\"display:inherit;clear:left;\">level, including the laws which implement international </span><span style=\"display:inherit;clear:left;\">conventions and protocols relating to the activities </span><span style=\"display:inherit;clear:left;\">carried out. With reference to this legislation, when it </span><span style=\"display:inherit;clear:left;\">is probable that the existence and amount of a large </span><span style=\"display:inherit;clear:left;\">liability can be reliably estimated, provisions are made for </span><span style=\"display:inherit;clear:left;\">the associated costs.</span><span style=\"display:inherit;clear:left;\">The group does not currently believe that the financial </span><span style=\"display:inherit;clear:left;\">statements will suffer particularly significant adverse </span><span style=\"display:inherit;clear:left;\">effects due to non-compliance with environmental </span><span style=\"display:inherit;clear:left;\">regulations, also considering actions already undertaken, </span><span style=\"display:inherit;clear:left;\">but it cannot be ruled out with certainty that Snam may </span><span style=\"display:inherit;clear:left;\">incur further<span class=\"_ _1\"></span>, possibly significant costs or liabilities, since </span><span style=\"display:inherit;clear:left;\">current knowledge says it is impossible to predict the </span><span style=\"display:inherit;clear:left;\">effects of future developments, also taking into account </span><span style=\"display:inherit;clear:left;\">the following aspects: (i) the possible emergence of </span><span style=\"display:inherit;clear:left;\">contamination; (ii) the outcome of the refurbishment </span><span style=\"display:inherit;clear:left;\">in progress and to be followed and the other possible </span><span style=\"display:inherit;clear:left;\">effects arising from the application of the laws in force; </span><span style=\"display:inherit;clear:left;\">(iii) the possible effects of new laws and regulations </span><span style=\"display:inherit;clear:left;\">for environmental protection; (iv) the effects of any </span><span style=\"display:inherit;clear:left;\">technological innovations for environmental reclamation; </span><span style=\"display:inherit;clear:left;\">(v) the possibility of disputes and the difficulty of </span><span style=\"display:inherit;clear:left;\">determining the possible consequences, also in relation to </span><span style=\"display:inherit;clear:left;\">the liability of other parties and to possible compensation </span><span style=\"display:inherit;clear:left;\">payments.</span><span style=\"display:inherit;clear:left;\">Provisions for legal and tax disputes</span><span style=\"display:inherit;clear:left;\">The estimation of the group\u2019s provisions for these purposes </span><span style=\"display:inherit;clear:left;\">is the result of a complex process involving subjective </span><span style=\"display:inherit;clear:left;\">judgements by Company management.</span><span style=\"display:inherit;clear:left;\">6.4 <span class=\"_ _3c\"> </span>Investments and business </span><span style=\"display:inherit;clear:left;\">combinations</span><span style=\"display:inherit;clear:left;\">V<span class=\"_ _c\"></span>erification of the existence of control, joint control, </span><span style=\"display:inherit;clear:left;\">considerable influence over another entity as well as, in </span><span style=\"display:inherit;clear:left;\">the case of joint operations, verification of the existence </span><span style=\"display:inherit;clear:left;\">of enforceable rights and obligations requires Corporate </span><span style=\"display:inherit;clear:left;\">Management to exercise professional judgement taking </span><span style=\"display:inherit;clear:left;\">into consideration the characteristics of the corporate </span><span style=\"display:inherit;clear:left;\">structure and agreements between the parties as well as </span><span style=\"display:inherit;clear:left;\">other facts and circumstances that are relevant for the </span><span style=\"display:inherit;clear:left;\">purpose of this check. Similar considerations also apply </span><span style=\"display:inherit;clear:left;\">in cases of a planned change in status following a loss </span><span style=\"display:inherit;clear:left;\">of control, joint control or connection with the possible </span><span style=\"display:inherit;clear:left;\">need to activate the classification as \u201cassets held for sale/</span><span style=\"display:inherit;clear:left;\">discontinued operation\u201d.</span><span style=\"display:inherit;clear:left;\">The reporting of business combination transactions </span><span style=\"display:inherit;clear:left;\">involves the allocation to the assets and liabilities of </span><span style=\"display:inherit;clear:left;\">the acquired company of the difference between the </span><span style=\"display:inherit;clear:left;\">acquisition cost and the net book value. For the majority </span><span style=\"display:inherit;clear:left;\">of assets and liabilities, the difference is allocated by </span><span style=\"display:inherit;clear:left;\">recognising the assets and liabilities at their fair value. The </span><span style=\"display:inherit;clear:left;\">unallocated portion, if positive, is recognised as goodwill; </span><span style=\"display:inherit;clear:left;\">if negative, it is allocated to the income statement. In </span><span style=\"display:inherit;clear:left;\">the allocation process, the Snam Group draws on the </span><span style=\"display:inherit;clear:left;\">available information and, for the most significant business </span><span style=\"display:inherit;clear:left;\">combinations, on external valuations.</span><span style=\"display:inherit;clear:left;\">6.5 <span class=\"_ _3c\"> </span>Employee benefits</span><span style=\"display:inherit;clear:left;\">Defined-benefit plans are valued on the basis of uncertain </span><span style=\"display:inherit;clear:left;\">events and actuarial assumptions which include, inter alia, </span><span style=\"display:inherit;clear:left;\">the discount rates, the expected returns on the assets </span><span style=\"display:inherit;clear:left;\">servicing the plans (where they exist), the level of future </span><span style=\"display:inherit;clear:left;\">remuneration, mortality rates, the retirement age and </span><span style=\"display:inherit;clear:left;\">future trends in the healthcare expenses covered.</span><span style=\"display:inherit;clear:left;\">The main assumptions used to quantify defined-benefit </span><span style=\"display:inherit;clear:left;\">plans are determined as follows: (i) the discount and </span><span style=\"display:inherit;clear:left;\">inflation rates representing the base rates at which the </span><span style=\"display:inherit;clear:left;\">obligation to employees might actually be fulfilled are </span><span style=\"display:inherit;clear:left;\">based on the rates which mature on high-quality bonds </span><span style=\"display:inherit;clear:left;\">and on inflation expectations; (ii) the level of future </span><span style=\"display:inherit;clear:left;\">remuneration is determined on the basis of elements such </span><span style=\"display:inherit;clear:left;\">as inflation expectations, productivity, career advancement </span><span style=\"display:inherit;clear:left;\">and seniority; (iii) the future cost of healthcare services is </span><span style=\"display:inherit;clear:left;\">determined on the basis of elements such as present and </span><span style=\"display:inherit;clear:left;\">past trends in healthcare costs, including assumptions </span><span style=\"display:inherit;clear:left;\">regarding the inflationary growth of costs, and changes </span><span style=\"display:inherit;clear:left;\">in the health of the participating employees; (iv) the </span><span style=\"display:inherit;clear:left;\">demographic assumptions reflect the best estimates of </span><span style=\"display:inherit;clear:left;\">trends in variables such as mortality, turnover<span class=\"_ _1\"></span>, invalidity </span><span style=\"display:inherit;clear:left;\">and others in relation to the population of the participating </span><span style=\"display:inherit;clear:left;\">employees.</span><span style=\"display:inherit;clear:left;\">Differences in the value of net liabilities (assets) in </span><span style=\"display:inherit;clear:left;\">employee benefit plans, arising due to changes in the </span><span style=\"display:inherit;clear:left;\">actuarial assumptions used and the difference between </span><span style=\"display:inherit;clear:left;\">the actuarial assumptions previously adopted and actual </span><span style=\"display:inherit;clear:left;\">events, occur routinely and are called actuarial gains </span><span style=\"display:inherit;clear:left;\">and losses. Actuarial gains and losses relating to defined </span><span style=\"display:inherit;clear:left;\">benefit plans are recognised in the comprehensive </span><span style=\"display:inherit;clear:left;\">income statement. Actuarial assumptions are also used to </span><span style=\"display:inherit;clear:left;\">determine obligations relating to other long-term benefits; </span><span style=\"display:inherit;clear:left;\">to this end, the effects arising from changes to the actuarial </span><span style=\"display:inherit;clear:left;\">assumptions or the characteristics of the benefit are fully </span><span style=\"display:inherit;clear:left;\">recognised in the income statement.</span><span style=\"display:inherit;clear:left;\">6.6 <span class=\"_ _3c\"> </span>Fair value</span><span style=\"display:inherit;clear:left;\">Calculating the fair value of financial and non-financial </span><span style=\"display:inherit;clear:left;\">instruments is a structured process featuring the use </span><span style=\"display:inherit;clear:left;\">of complex evaluation methodologies and techniques </span><span style=\"display:inherit;clear:left;\">that involve collecting up to date information from the </span><span style=\"display:inherit;clear:left;\">reference markets and/or using internal input data.</span><span style=\"display:inherit;clear:left;\">Similar to other estimates, calculating the fair value, </span><span style=\"display:inherit;clear:left;\">albeit based on the best information available and on </span><span style=\"display:inherit;clear:left;\">the adoption on adequate evaluation methodologies </span><span style=\"display:inherit;clear:left;\">and techniques, it intrinsically features random elements </span><span style=\"display:inherit;clear:left;\">and the exercising of professional judgement and could </span><span style=\"display:inherit;clear:left;\">create forecasts with different values from those that will </span><span style=\"display:inherit;clear:left;\">effectively be realised.</span><span style=\"display:inherit;clear:left;\">6.7 <span class=\"_ _3c\"> </span>Classification and measurement of </span><span style=\"display:inherit;clear:left;\">investments made for the development </span><span style=\"display:inherit;clear:left;\">and maintenance of proprietary </span><span style=\"display:inherit;clear:left;\">infrastructures</span><span style=\"display:inherit;clear:left;\">The Snam Group makes significant investments for the </span><span style=\"display:inherit;clear:left;\">development and maintenance of its own infrastructures. </span><span style=\"display:inherit;clear:left;\">Assessing the recoverability of the investments currently </span><span style=\"display:inherit;clear:left;\">underway and the distinction of the costs as improvements, </span><span style=\"display:inherit;clear:left;\">upgrades and transformations that increase the </span><span style=\"display:inherit;clear:left;\">infrastructure and the expenses for ordinary maintenance </span><span style=\"display:inherit;clear:left;\">and repairs which restore but do not increase the </span><span style=\"display:inherit;clear:left;\">performance of the assets, includes valuation elements. </span><span style=\"display:inherit;clear:left;\">These assessments are formulated on the basis of objective </span><span style=\"display:inherit;clear:left;\">criteria that the Group has developed to facilitate an </span><span style=\"display:inherit;clear:left;\">application consistent with its accounting policies.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__52": {
   "value": "<span style=\"display:inherit;clear:left;\">6.3 <span class=\"_ _3c\"> </span>Provision for risks and charges </span><span style=\"display:inherit;clear:left;\">Provision for decommissioning and site restoration</span><span style=\"display:inherit;clear:left;\">The Snam Group incurs significant liabilities associated </span><span style=\"display:inherit;clear:left;\">with obligations to remove and decommission plants </span><span style=\"display:inherit;clear:left;\">or parts of plants. Estimating future decommissioning </span><span style=\"display:inherit;clear:left;\">and restoration costs is a complex process and requires </span><span style=\"display:inherit;clear:left;\">the assessment and judgement of the Company\u2019s </span><span style=\"display:inherit;clear:left;\">management in placing a value on the liabilities that will </span><span style=\"display:inherit;clear:left;\">be incurred many years in the future for compliance with </span><span style=\"display:inherit;clear:left;\">decommissioning and restoration obligations, which often </span><span style=\"display:inherit;clear:left;\">cannot be fully defined by laws, administrative regulations </span><span style=\"display:inherit;clear:left;\">or contractual clauses. In addition, these obligations </span><span style=\"display:inherit;clear:left;\">are affected by constant changes in technology and </span><span style=\"display:inherit;clear:left;\">in decommissioning and restoration costs, as well as </span><span style=\"display:inherit;clear:left;\">the constant growth of political and public awareness </span><span style=\"display:inherit;clear:left;\">regarding matters of health and protection of the </span><span style=\"display:inherit;clear:left;\">environment.</span><span style=\"display:inherit;clear:left;\">The critical nature of the accounting estimates for </span><span style=\"display:inherit;clear:left;\">decommissioning and restoration costs also depends on </span><span style=\"display:inherit;clear:left;\">the technique used to account for these costs, the present </span><span style=\"display:inherit;clear:left;\">value of which is initially capitalised together with the cost </span><span style=\"display:inherit;clear:left;\">of the asset to which they relate as a contra-entry to the </span><span style=\"display:inherit;clear:left;\">provision for risks. Thereafter<span class=\"_ _1\"></span>, the value of the provision </span><span style=\"display:inherit;clear:left;\">for risks is updated to reflect the passing of time and any </span><span style=\"display:inherit;clear:left;\">changes in the estimate as a result of changes in expected </span><span style=\"display:inherit;clear:left;\">cash flows, the timing of their realisation and the discount </span><span style=\"display:inherit;clear:left;\">rates applied.</span><span style=\"display:inherit;clear:left;\">The calculation of the discount rate to be used both in the </span><span style=\"display:inherit;clear:left;\">initial valuation of the cost and in subsequent valuations is </span><span style=\"display:inherit;clear:left;\">the result of a complex process which involves subjective </span><span style=\"display:inherit;clear:left;\">judgements on the part of the Company\u2019s management.</span><span style=\"display:inherit;clear:left;\">Environmental liabilities</span><span style=\"display:inherit;clear:left;\">The Snam Group is subject, in relation to its activities, </span><span style=\"display:inherit;clear:left;\">to numerous laws and regulations on environmental </span><span style=\"display:inherit;clear:left;\">protection at European, national, regional and local </span><span style=\"display:inherit;clear:left;\">level, including the laws which implement international </span><span style=\"display:inherit;clear:left;\">conventions and protocols relating to the activities </span><span style=\"display:inherit;clear:left;\">carried out. With reference to this legislation, when it </span><span style=\"display:inherit;clear:left;\">is probable that the existence and amount of a large </span><span style=\"display:inherit;clear:left;\">liability can be reliably estimated, provisions are made for </span><span style=\"display:inherit;clear:left;\">the associated costs.</span><span style=\"display:inherit;clear:left;\">The group does not currently believe that the financial </span><span style=\"display:inherit;clear:left;\">statements will suffer particularly significant adverse </span><span style=\"display:inherit;clear:left;\">effects due to non-compliance with environmental </span><span style=\"display:inherit;clear:left;\">regulations, also considering actions already undertaken, </span><span style=\"display:inherit;clear:left;\">but it cannot be ruled out with certainty that Snam may </span><span style=\"display:inherit;clear:left;\">incur further<span class=\"_ _1\"></span>, possibly significant costs or liabilities, since </span><span style=\"display:inherit;clear:left;\">current knowledge says it is impossible to predict the </span><span style=\"display:inherit;clear:left;\">effects of future developments, also taking into account </span><span style=\"display:inherit;clear:left;\">the following aspects: (i) the possible emergence of </span><span style=\"display:inherit;clear:left;\">contamination; (ii) the outcome of the refurbishment </span><span style=\"display:inherit;clear:left;\">in progress and to be followed and the other possible </span><span style=\"display:inherit;clear:left;\">effects arising from the application of the laws in force; </span><span style=\"display:inherit;clear:left;\">(iii) the possible effects of new laws and regulations </span><span style=\"display:inherit;clear:left;\">for environmental protection; (iv) the effects of any </span><span style=\"display:inherit;clear:left;\">technological innovations for environmental reclamation; </span><span style=\"display:inherit;clear:left;\">(v) the possibility of disputes and the difficulty of </span><span style=\"display:inherit;clear:left;\">determining the possible consequences, also in relation to </span><span style=\"display:inherit;clear:left;\">the liability of other parties and to possible compensation </span><span style=\"display:inherit;clear:left;\">payments.</span><span style=\"display:inherit;clear:left;\">Provisions for legal and tax disputes</span><span style=\"display:inherit;clear:left;\">The estimation of the group\u2019s provisions for these purposes </span><span style=\"display:inherit;clear:left;\">is the result of a complex process involving subjective </span><span style=\"display:inherit;clear:left;\">judgements by Company management.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDecommissioningRestorationAndRehabilitationProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__18": {
   "value": "<span style=\"display:inherit;clear:left;\">7.2 <span class=\"_ _3c\"> </span>Accounting standards and </span><span style=\"display:inherit;clear:left;\">interpretations published by the IASB </span><span style=\"display:inherit;clear:left;\">and not yet endorsed by the European </span><span style=\"display:inherit;clear:left;\">Commission</span><span style=\"display:inherit;clear:left;\">Alla data di riferimento del presente documento, gli </span><span style=\"display:inherit;clear:left;\">organi competenti dell\u2019Unione europea non hanno ancora </span><span style=\"display:inherit;clear:left;\">concluso il processo di omologazione necessario per </span><span style=\"display:inherit;clear:left;\">l\u2019adozione degli emendamenti sotto descritti. </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>In data 25 maggio 2023 lo IA<span class=\"_ _0\"></span>SB ha pubblicato un </span><span style=\"display:inherit;clear:left;\">emendamento denominato<span class=\"ff74\"> \u201c<span class=\"_ _1\"></span>Amendments to IAS </span></span><span style=\"display:inherit;clear:left;\">7 Statement of Cash Flows and IFRS 7 Financial </span><span style=\"display:inherit;clear:left;\">Instruments: Disclosures: Supplier Finance </span><span style=\"display:inherit;clear:left;\">Arrangements\"<span class=\"ff7b\">. La modifica ha lo scopo di aggiungere </span></span><span style=\"display:inherit;clear:left;\">requisiti di informativa e indicazioni, richiedendo alle </span><span style=\"display:inherit;clear:left;\">societ\u00e0 di fornire informazioni qualitative e quantitative </span><span style=\"display:inherit;clear:left;\">sugli accordi finanziari con i fornitori. Le modifiche </span><span style=\"display:inherit;clear:left;\">entrano in vigore dall\u20191 gennaio 2024, salvo eventuali </span><span style=\"display:inherit;clear:left;\">successivi differimenti stabiliti in sede di omologazione </span><span style=\"display:inherit;clear:left;\">da parte della Commissione europea.</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>In data 15 agosto 2023 lo IA<span class=\"_ _0\"></span>SB ha pubblicato un </span><span style=\"display:inherit;clear:left;\">emendamento denominato<span class=\"ff74\"> \u201c<span class=\"_ _1\"></span>Amendments to IAS 21 The </span></span><span style=\"display:inherit;clear:left;\">Effects of Changes in Foreign Ex<span class=\"_ _c\"></span>change Rates: Lack of </span><span style=\"display:inherit;clear:left;\">Exchangeability\u201d<span class=\"ff7b\">. La modifica ha lo scopo di chiarire cosa </span></span><span style=\"display:inherit;clear:left;\">debba fare una societ\u00e0 per misurare una transazione in </span><span style=\"display:inherit;clear:left;\">una valuta estera per la quale non sia disponibile il tasso </span><span style=\"display:inherit;clear:left;\">di cambio. In particolare, vengono definite le circostanze </span><span style=\"display:inherit;clear:left;\">in cui la societ\u00e0 debba stimare un tasso di cambio spot </span><span style=\"display:inherit;clear:left;\">e le modalit\u00e0 con cui possa farlo. Le modifiche entrano </span><span style=\"display:inherit;clear:left;\">in vigore dall\u20191 gennaio 2025 salvo eventuali successivi </span><span style=\"display:inherit;clear:left;\">differimenti stabiliti in sede di omologazione da parte </span><span style=\"display:inherit;clear:left;\">della Commissione europea, \u00e8 comunque consentita </span><span style=\"display:inherit;clear:left;\">un\u2019applicazione anticipata.</span><span style=\"display:inherit;clear:left;\">Al momento il Gruppo sta valutando i possibili effetti </span><span style=\"display:inherit;clear:left;\">derivanti dall'introduzione degli emendamenti indicati.</span><span style=\"display:inherit;clear:left;\">8) <span class=\"_ _2cb\"> </span>PROPERTY<span class=\"_ _11\"></span>, PLANT <span class=\"_ _1\"></span>AND EQUIPMENT  </span><span style=\"display:inherit;clear:left;position:relative;height:764.662109375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 443.703px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 454.672px; top: 26.3359px; width: 53.7715px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Industrial</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 33.4141px; width: 85.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 583.422px; top: 33.0859px; width: 70.2773px; white-space: pre; word-spacing: 0px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assets under</span><span style=\"word-spacing: 0px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 366.375px; top: 39.8359px; width: 57.2695px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Plant and </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 485.703px; top: 39.8359px; width: 22.8047px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 532.172px; top: 39.8359px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 248.453px; top: 46.5859px; width: 95.2793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Land</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 16.6054px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0.24px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Buildings</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 583.422px; top: 46.5859px; width: 71.3438px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">construction </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 688.844px; top: 46.5859px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 359.656px; top: 53.3359px; width: 61.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">equipment</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 443.703px; top: 53.3359px; width: 65.8008px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Commercial </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 530px; top: 53.3359px; width: 36.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">assets</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 581.5px; top: 60.0859px; width: 68.7188px; white-space: pre; word-spacing: 0px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and advanc</span><span style=\"word-spacing: 0px; letter-spacing: -0.6px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 448.422px; top: 66.8359px; width: 57.7324px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equipment</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.7324px; width: 719.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cost at 31.12.2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 154.131px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">181</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">555</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">25,429</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">150</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">256</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,340</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27,911</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 120.045px; width: 718.805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Investments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 202.711px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 130.975px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">35</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,119</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,171</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 146.357px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Divestments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 190.559px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.877px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (60)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.0449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (8)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (7)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (81)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 172.686px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in the scope of consolidation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">193</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">383</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">607</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.998px; width: 719.033px; white-space: pre; word-spacing: 0px; letter-spacing: -0.12px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Changes in rights of use for leased assets </span><span style=\"word-spacing: 0px; letter-spacing: -0.12px; display: inline-block; margin-left: 0px; width: 48.621px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 138.012px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 139.605px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 225.311px; width: 719.121px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 182.871px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">764</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">67</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.7071px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1,146)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (296)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 251.623px; width: 719.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cost at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 154.131px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">209</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">570</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">26,363</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">166</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">329</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,689</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">29,326</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 277.936px; width: 719.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which rights of use for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 138.012px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 139.605px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">57</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 304.264px; width: 149.25px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accumulated depreciation </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 259.094px; top: 311.014px; width: 459.697px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (162)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (10,236)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (81)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (107)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.895px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (10,589)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 317.764px; width: 75.1348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">at 31.12.2021</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 344.092px; width: 718.723px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 250.318px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (12)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (665)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (16)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (46)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.022px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (739)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 370.404px; width: 719.062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Divestments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 269.074px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">38</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 199.078px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">46</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 396.717px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in the scope of consolidation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 127.148px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (55)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.0449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.795px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (59)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 423.029px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 335.103px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 137.338px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 146.508px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 449.357px; width: 216.434px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amortisation of rights of use for leased </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 259.094px; top: 456.107px; width: 459.428px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.877px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 203.613px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 135.656px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (8)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 462.857px; width: 33.8555px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">assets</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 489.186px; width: 718.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accumulated depreciation at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (179)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.6875px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (10,913)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.6154px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (92)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (152)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.895px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (11,341)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 515.498px; width: 718.74px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which rights of use for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.877px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (6)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (15)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 203.613px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (23)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 541.811px; width: 172.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for impairment losses </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 259.094px; top: 548.561px; width: 459.814px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (34)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 205.283px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (80)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (118)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 555.311px; width: 75.2402px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">at 31.12.2021</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 581.639px; width: 718.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impairment </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 261.369px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.0449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 127.148px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (12)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 607.951px; width: 718.939px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Divestments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 269.074px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 291.17px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 634.264px; width: 719.074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rights of use for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 162.978px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 356.812px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 660.592px; width: 172.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for impairment losses </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 259.094px; top: 667.342px; width: 459.451px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (6)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (33)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.871px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (85)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (126)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 674.092px; width: 75.2402px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">at 31.12.2022</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 700.42px; width: 718.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which rights of use for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.086px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 356.812px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 726.732px; width: 719.18px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET BOOK V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ALUE AS A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 31.12.2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">177</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">390</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15,159</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">69</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">149</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,260</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17,204</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 753.045px; width: 719.18px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET BOOK V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ALUE AS A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">203</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">385</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15,417</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">73</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">177</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,604</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17,859</span></span></span><span style=\"display:inherit;clear:left;position:relative;height:724.833984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 444.625px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 455.453px; top: 26.3359px; width: 53.7715px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Industrial</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 33.4141px; width: 85.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 582.938px; top: 33.0859px; width: 70.2773px; white-space: pre; word-spacing: 0px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assets under</span><span style=\"word-spacing: 0px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 367.172px; top: 39.8359px; width: 57.2695px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Plant and </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 486.672px; top: 39.8359px; width: 22.8047px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 532.312px; top: 39.8359px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 249.047px; top: 46.5703px; width: 95.2793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Land</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 16.6054px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0.24px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Buildings</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 582.938px; top: 46.5859px; width: 71.3438px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">construction </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 690.875px; top: 46.5859px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 359.281px; top: 53.3359px; width: 61.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">equipment</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 444.625px; top: 53.3359px; width: 65.8008px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Commercial </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 529.734px; top: 53.3359px; width: 36.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">assets</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 581.672px; top: 60.0859px; width: 68.7188px; white-space: pre; word-spacing: 0px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and advanc</span><span style=\"word-spacing: 0px; letter-spacing: -0.6px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 449.172px; top: 66.8359px; width: 57.7324px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equipment</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.7324px; width: 719.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cost at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 154.131px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">209</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">570</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">26,363</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">166</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">329</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,689</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">29,326</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 120.045px; width: 719.039px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Investments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 195.978px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">45</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.0312px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,454</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,521</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 146.357px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Divestments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 202.711px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.0449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.5585px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (11)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 172.67px; width: 718.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in the scope of consolidation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">56</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">402</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">467</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.982px; width: 718.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 190.559px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">16</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,222</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">34</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1,263)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 225.311px; width: 719.314px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Changes in rights of use for leased assets </span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">12</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.3846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.4531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.8105px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 251.623px; width: 719.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cost at 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 154.131px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">239</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">598</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27,668</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">175</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">365</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,281</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31,326</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 277.936px; width: 719.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which rights of use for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">34</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">37</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.4239px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.008px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">77</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 304.248px; width: 718.904px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accumulated depreciation at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (179)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.6875px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (10,913)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.6154px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (92)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (152)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.4239px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.834px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (11,341)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 330.576px; width: 718.746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 200.578px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (13)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (694)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.6154px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (17)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (53)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.8105px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (777)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 356.889px; width: 718.863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in the scope of consolidation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (22)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.008px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (24)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 383.201px; width: 719.139px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 191.742px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">30</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 409.514px; width: 216.434px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amortisation of rights of use for leased </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 259.359px; top: 416.279px; width: 459.486px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.877px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.5585px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.7071px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.8105px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (9)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 423.014px; width: 33.8555px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">assets</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 449.342px; width: 718.682px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accumulated depreciation at 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (8)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (196)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.6875px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (11,606)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (105)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.6875px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (206)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.008px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.834px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (12,121)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 475.654px; width: 718.939px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which rights of use for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.877px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (8)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (20)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.4239px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (31)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 501.982px; width: 172.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for impairment losses </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 259.359px; top: 508.732px; width: 459.439px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (6)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (33)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (85)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (126)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 515.482px; width: 75.2402px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">at 31.12.2022</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 541.811px; width: 718.887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impairment </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 193.102px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.5196px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.621px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (126)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.5585px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (138)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 568.123px; width: 719.004px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 191.742px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 594.436px; width: 718.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rights of use for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.195px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.5585px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 620.748px; width: 178.816px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for impairment losses </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 259.359px; top: 627.514px; width: 459.797px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (7)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (159)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.9784px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (93)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (264)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 634.248px; width: 75.1348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">at 31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 660.576px; width: 719.203px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which rights of use for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.5196px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4531px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 686.904px; width: 719.18px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET BOOK V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ALUE AS A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">203</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">385</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15,417</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">73</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">177</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,604</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17,859</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 713.217px; width: 719.18px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET BOOK V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ALUE AS A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">228</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">395</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15,903</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">68</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">159</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,188</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">18,941</span></span></span><span style=\"display:inherit;clear:left;\">Property, plant and equipment (\u20ac18,941 million) mainly relates to transport infrastructure (\u20ac14,462 million<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">9</span><span style=\"display:inherit;clear:left;\">Investments</span><span style=\"display:inherit;clear:left;\"> (\u20ac1,521 million) mainly refer to the transport sector (\u20ac983 million<span class=\"_ _c\"></span>), chiefly relating to works aimed at </span><span style=\"display:inherit;clear:left;\">maintaining safety and quality levels of plants as well as investments in the development of new transport capacity. </span><span style=\"display:inherit;clear:left;\">During the year<span class=\"_ _1\"></span>, Snam capitalised financial expenses for \u20ac21 million (\u20ac25 million in 2022). </span><span style=\"display:inherit;clear:left;\">9 <span class=\"_ _80\"> </span>Investments by business segment are presented in the chapter 'Business Segment Performance<span class=\"_ _c\"></span>' of the Annual Report.</span><span style=\"display:inherit;clear:left;\">The change in the scope of consolidation (\u20ac443 million) refers mainly to the assets recognised in connection with the </span><span style=\"display:inherit;clear:left;\">acquisition of: (i) 100% of the capital of FSRU I Limited, owner of the ship FSRU BW Singapore; (ii) 100% of the share </span><span style=\"display:inherit;clear:left;\">capital of 10 companies operating in the biogas/biomethane business. </span><span style=\"display:inherit;clear:left;\">Divestments (\u20ac11 million) mainly relate to assets in the transport sector<span class=\"_ _1\"></span>. </span><span style=\"display:inherit;clear:left;\">Depreciation (\u20ac786 million) refers to economic<span class=\"_ _c\"></span>-technical depreciation determined on the basis of the useful life of assets, </span><span style=\"display:inherit;clear:left;\">i.e. their residual possibility of use by the company.</span><span style=\"display:inherit;clear:left;\">10</span><span style=\"display:inherit;clear:left;\">Impairment losses (\u20ac138 million) relate to write-downs of assets mainly concerning the Biomethane W<span class=\"_ _c\"></span>aste CGU</span><span style=\"display:inherit;clear:left;\"> (\u20ac122 </span><span style=\"display:inherit;clear:left;\">million).</span><span style=\"display:inherit;clear:left;\">The value of plant and equipment includes an estimate of the discounted costs that will be incurred for the removal of </span><span style=\"display:inherit;clear:left;\">structures and site restoration (\u20ac142 million, net of accumulated depreciation), mainly related to the storage (\u20ac80 million<span class=\"_ _c\"></span>) </span><span style=\"display:inherit;clear:left;\">and natural gas transportation (\u20ac40 million) segments.</span><span style=\"display:inherit;clear:left;\">Other changes (\u20ac43 million) mainly relate to: (i) the upward revision of estimated site decommissioning and restoration </span><span style=\"display:inherit;clear:left;\">costs, mainly related to the storage sector<span class=\"_ _1\"></span>, against the reduction of expected discount rates (\u20ac48 million in total); (ii) </span><span style=\"display:inherit;clear:left;\">the change in inventories of piping and related ancillary materials used in plant construction activities, referring to the </span><span style=\"display:inherit;clear:left;\">natural gas transportation segment (\u20ac44 million); (ii) subsidies on works for interference with third parties (so-called </span><span style=\"display:inherit;clear:left;\">\u201ccompensation\u201d, \u20ac-22 million<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">Contractual commitments for the acquisition of property, plant and equipment, as well as for the provision of services </span><span style=\"display:inherit;clear:left;\">related thereto, are indicated in Note 26 'Guarantees and Commitments'. </span><span style=\"display:inherit;clear:left;\">No collateral is pledged on property, plant or equipment.</span><span style=\"display:inherit;clear:left;\">10 <span class=\"_ _94\"> </span>For further details, see Note 9.2 'Impairment test'.</span><span style=\"display:inherit;clear:left;\">8.1 <span class=\"_ _3c\"> </span>Plant, property and equipment by business segment</span><span style=\"display:inherit;clear:left;\">Property, plant and equipment by business segment are analysed as follows: </span><span style=\"display:inherit;clear:left;position:relative;height:564.833984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.916px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Historical cost</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 502.136px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">29,325</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31,326</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.711px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransportation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 498.739px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23,881</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24,872</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Storage </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 541.283px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,291</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,520</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.998px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regasification</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 519.45px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">628</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,268</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransition</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 501.57px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">467</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">601</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 515.145px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">35</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">38</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 718.799px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amounts not allocated to segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 408.656px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 718.688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accumulated depreciation and pro</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vision for impairment losses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 235.119px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(11,466)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (12,385)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 237.42px; width: 718.922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransportation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 497.67px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(9,805)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (10,410)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 263.732px; width: 718.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Storage </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 533.52px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,442)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1,546)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.045px; width: 718.723px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regasification</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 518.303px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(96)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (121)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 316.373px; width: 718.84px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransition</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 500.561px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(99)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (278)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 342.686px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(12)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (12)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 368.998px; width: 718.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amounts not allocated to segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 400.868px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(12)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (18)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 395.311px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET BOOK V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ALUE</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 479.355px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17,859</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">18,941</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 421.623px; width: 718.711px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransportation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 498.739px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14,076</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14,462</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 447.951px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Storage </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 541.283px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,849</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,974</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 474.264px; width: 718.998px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regasification</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 519.45px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">532</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,147</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 500.576px; width: 718.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransition</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 501.57px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">368</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">323</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 526.889px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 515.145px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">26</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 553.217px; width: 718.799px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amounts not allocated to segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 408.656px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span></span></span><span style=\"display:inherit;clear:left;\">9) <span class=\"_ _2cb\"> </span>Intangible assets and goodwill </span><span style=\"display:inherit;clear:left;position:relative;height:566.490234375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 460.438px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 363.688px; top: 26.3203px; width: 343.518px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Finite useful life</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 132.434px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Indefinite useful lif</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 279.5px; top: 52.6484px; width: 52.3494px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Industrial </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 344.359px; top: 52.6484px; width: 64.6576px; white-space: pre; word-spacing: 0.324px; letter-spacing: -0.324px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Conc</span><span style=\"word-spacing: 0.324px; letter-spacing: -0.324px; display: inline-block; margin-left: -0.44874px; width: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">essions,</span><span style=\"word-spacing: 0.324px; letter-spacing: -0.324px; display: inline-block; margin-left: 0px; width: 0.363866px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.59448px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 524.422px; top: 59.3828px; width: 37.1989px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assets </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 273.938px; top: 66.1484px; width: 58.7988px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">patent and </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 362.469px; top: 66.1484px; width: 45.958px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">licenc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.84645px; width: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es, </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 452.672px; top: 66.1484px; width: 33.1488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 530px; top: 72.8828px; width: 32.7058px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">under </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.6328px; width: 85.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 270.875px; top: 79.6484px; width: 62.2529px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">intellectual </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 344.359px; top: 79.6484px; width: 64.6735px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">trade marks </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 430.391px; top: 79.6484px; width: 55.2761px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Intangible </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 596.281px; top: 79.6484px; width: 122.07px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Goodwill</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.9078px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.84645px; width: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 496.719px; top: 86.3828px; width: 65.5066px; white-space: pre; word-spacing: 0.216px; letter-spacing: -0.216px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">construction </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 283.719px; top: 93.1484px; width: 48.3205px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">property </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 349.484px; top: 93.1484px; width: 58.7777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and similar </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 448.422px; top: 93.1484px; width: 34.6042px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assets</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 495.703px; top: 99.8828px; width: 63.0651px; white-space: pre; word-spacing: -0.0756px; letter-spacing: -0.432px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and advanc</span><span style=\"word-spacing: -0.0756px; letter-spacing: -0.432px; display: inline-block; margin-left: -0.84645px; width: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 299.953px; top: 106.648px; width: 30.491px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rights</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 375.703px; top: 106.648px; width: 30.491px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rights</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 133.529px; width: 718.875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cost at 31.12.2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 207.012px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">990</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">824</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">84</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">75</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">60</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,033</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.842px; width: 718.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Investments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 256.301px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">171</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 139.025px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">180</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 186.17px; width: 718.916px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Divestments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 313.67px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (15)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 212.203px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (16)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 212.482px; width: 718.746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in the scope of consolidation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 192.58px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">58</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 145.94px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">125</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.795px; width: 718.91px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impairment</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 249.176px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 295.072px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (7)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.3846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (9)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 265.264px; width: 718.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 229.922px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">135</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (25)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (139)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.5918px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (22)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 291.717px; width: 718.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cost at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.508px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,127</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.4531px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">875</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">86</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">107</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">96</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,291</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 318.029px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accumulated depreciation at 31.12.2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (723)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (118)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (25)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.879px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (866)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 344.342px; width: 718.811px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 228.744px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (101)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (10)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 205.283px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (120)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 370.67px; width: 718.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Divestments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 324.334px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 298.588px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 396.982px; width: 718.74px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 243.176px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 382.312px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 423.295px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accumulated depreciation at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (821)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (112)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (35)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.879px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (968)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 449.607px; width: 248.209px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for impairment losses at 31.12.2021</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 475.936px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impairment</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 249.176px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 371.83px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 502.248px; width: 719.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for impairment losses at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.9199px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 371.83px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 528.561px; width: 719.145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET BOOK V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ALUE AS A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 31.12.2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.52px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">267</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">706</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">59</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.5196px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">75</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">60</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,167</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 554.873px; width: 721.576px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET BOOK V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ALUE AS A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.52px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">304 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">763 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">51</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">107</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">96 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,321 </span></span></span><span style=\"display:inherit;clear:left;position:relative;height:539.896484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 461.016px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 364.609px; top: 26.3359px; width: 343.518px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Finite useful life</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 132.434px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Indefinite useful lif</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 281.422px; top: 52.6484px; width: 52.3494px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Industrial </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 344.938px; top: 52.6484px; width: 64.6576px; white-space: pre; word-spacing: 0.324px; letter-spacing: -0.324px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Conc</span><span style=\"word-spacing: 0.324px; letter-spacing: -0.324px; display: inline-block; margin-left: -0.44874px; width: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">essions,</span><span style=\"word-spacing: 0.324px; letter-spacing: -0.324px; display: inline-block; margin-left: 0px; width: 0.363866px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.59448px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 524.938px; top: 59.3984px; width: 37.1989px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assets </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 273.672px; top: 66.1484px; width: 58.7988px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">patent and </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 362.938px; top: 66.1484px; width: 45.958px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">licenc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.84645px; width: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es, </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 453.188px; top: 66.1484px; width: 33.1488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 529.734px; top: 72.8984px; width: 32.7058px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">under </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.6484px; width: 85.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 270.656px; top: 79.6484px; width: 62.2529px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">intellectual </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 344.938px; top: 79.6484px; width: 64.6735px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">trade marks </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 430.5px; top: 79.6484px; width: 55.2761px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Intangible </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 596.859px; top: 79.6484px; width: 122.07px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Goodwill</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.9078px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.84645px; width: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 496.766px; top: 86.3984px; width: 65.5066px; white-space: pre; word-spacing: 0.216px; letter-spacing: -0.216px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">construction </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 284.672px; top: 93.1484px; width: 48.3205px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">property </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 351.266px; top: 93.1484px; width: 58.7777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and similar </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 449.172px; top: 93.1484px; width: 34.6042px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assets</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 496.766px; top: 99.8984px; width: 63.0651px; white-space: pre; word-spacing: -0.0756px; letter-spacing: -0.432px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and advanc</span><span style=\"word-spacing: -0.0756px; letter-spacing: -0.432px; display: inline-block; margin-left: -0.84645px; width: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 300.203px; top: 106.648px; width: 30.491px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rights</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 376.281px; top: 106.648px; width: 30.491px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rights</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 133.545px; width: 718.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cost at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.508px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,127</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.4531px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">875</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">86</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">107</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">96</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,291</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.857px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Investments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 256.301px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">246</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">253</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 186.17px; width: 718.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in the scope of consolidation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.4px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">52</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 14.4551px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">76</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 212.498px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impairment</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 260.918px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 14.4551px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (40)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (42)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.811px; width: 718.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 236.754px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">76</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (185)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (94)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 265.123px; width: 718.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cost at 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.508px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,204</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.4531px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">935</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">97</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">168</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">80</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,484</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 291.436px; width: 718.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accumulated depreciation at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (821)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (112)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (35)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 14.4551px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.5196px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.1642px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (968)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 317.748px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 228.744px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (116)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (11)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (12)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 14.4551px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.1642px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (139)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 344.076px; width: 718.846px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 236.754px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">94</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.5585px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 14.4551px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.8358px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">95</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 370.389px; width: 718.84px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accumulated depreciation at 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (843)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (122)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (47)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 14.4551px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.5196px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1,012)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 396.701px; width: 718.811px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for impairment losses at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.9199px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.2772px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.2051px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 423.014px; width: 718.811px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impairment</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 249.176px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.3846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (7)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.3846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (20)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 449.342px; width: 718.934px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 232.635px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 14.4551px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 475.654px; width: 719.062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for impairment losses at 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.9199px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (7)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (23)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 501.967px; width: 718.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET BOOK V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ALUE AS A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.52px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">304</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">763</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">51</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">107</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">96</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,321</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 528.279px; width: 718.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET BOOK V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ALUE AS A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.52px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">357</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">804</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">43</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">165</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">80</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,449</span></span></span><span style=\"display:inherit;clear:left;\">Industrial patent and intellectual property rights (\u20ac357 million) mainly relate to information systems and applications to </span><span style=\"display:inherit;clear:left;\">support operations. </span><span style=\"display:inherit;clear:left;\">Concessions, licences, trademarks and similar rights (\u20ac804 million) mainly refer to concessions for natural gas storage </span><span style=\"display:inherit;clear:left;\">activities (\u20ac661 million) and, in particular<span class=\"_ _1\"></span>, the Settala (\u20ac229 million), Sergnano (\u20ac127 million) and Fiume T<span class=\"_ _1\"></span>reste (\u20ac91 </span><span style=\"display:inherit;clear:left;\">million) concessions. The value of storage concessions is represented by the reserves of natural gas in reservoirs (so-called </span><span style=\"display:inherit;clear:left;\">11</span><span style=\"display:inherit;clear:left;\">'Cushion Gas<span class=\"_ _c\"></span>'</span><span style=\"display:inherit;clear:left;\">). The change in the scope of consolidation (\u20ac52 million) essentially relates to the valuation of authorisations </span><span style=\"display:inherit;clear:left;\">and concessions for operating activities, carried out under the PP<span class=\"_ _c\"></span>A, for companies operating in the biogas/biomethane </span><span style=\"display:inherit;clear:left;\">business.</span><span style=\"display:inherit;clear:left;\">Other intangible assets (\u20ac43 million) mainly include the fair value assigned, in previous years, under the Purchase Price </span><span style=\"display:inherit;clear:left;\">Allocation (PP<span class=\"_ _c\"></span>A), as governed by IFRS 3 'Business Combinations', relating in particular to the order backlog pertaining to </span><span style=\"display:inherit;clear:left;\">the energy efficiency business (approximately \u20ac38 million). Amortisation is based on the average duration of the contracts.</span><span style=\"display:inherit;clear:left;\">Goodwill (\u20ac80 million) decreased due to the write-down of the Biomethane W<span class=\"_ _c\"></span>aste CGU (\u20ac40 million), partially offset by the </span><span style=\"display:inherit;clear:left;\">increase due to acquisitions made during the year (\u20ac24 million).</span><span style=\"display:inherit;clear:left;\">For more information on business combinations undertaken during 2023, see Note 24 'Business Combinations<span class=\"_ _c\"></span>'.</span><span style=\"display:inherit;clear:left;\">11 <span class=\"_ _94\"> </span>Cushion gas is not subject to amortisation.</span><span style=\"display:inherit;clear:left;\">12</span><span style=\"display:inherit;clear:left;\">Investments (\u20ac253 million), mainly in the natural gas transport sector (\u20ac156 million<span class=\"_ _c\"></span>)</span><span style=\"display:inherit;clear:left;\">, relate to information system </span><span style=\"display:inherit;clear:left;\">development projects.</span><span style=\"display:inherit;clear:left;\">The change in the scope of consolidation (\u20ac76 million) refers to the assets recognised for the acquisition of 100% of the </span><span style=\"display:inherit;clear:left;\">share capital of 10 companies operating in the biogas/biomethane business.</span><span style=\"display:inherit;clear:left;\">Impairment losses (\u20ac62 million), in addition to the goodwill impairment reported above, mainly include impairment losses </span><span style=\"display:inherit;clear:left;\">13</span><span style=\"display:inherit;clear:left;\">on assets pertaining to the Biomethane Waste CGU</span><span style=\"display:inherit;clear:left;\">.</span><span style=\"display:inherit;clear:left;\">Amortisation and depreciation (\u20ac139 million) refer to economic<span class=\"_ _c\"></span>-technical amortisation determined on the basis of the </span><span style=\"display:inherit;clear:left;\">useful life (finite useful life) of intangible assets, i.e. on the basis of their remaining use by the company<span class=\"_ _c\"></span>. </span><span style=\"display:inherit;clear:left;\">Contractual commitments for the purchase of intangible assets as well as for the provision of services related to their </span><span style=\"display:inherit;clear:left;\">realisation are described in Note 26 'Guarantees and commitments'. </span><span style=\"display:inherit;clear:left;\">9.1 <span class=\"_ _3c\"> </span>Intangible assets by business segment</span><span style=\"display:inherit;clear:left;\">Intangible assets by business segment are analysed as follows: </span><span style=\"display:inherit;clear:left;position:relative;height:564.833984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Historical cost</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 509.002px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,291</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,486</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransportation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 505.77px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,030</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,110</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Storage </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 551.002px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">876</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">891</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regasification</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 526.185px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransition</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 501.57px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">252</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">305</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 515.145px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 718.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amounts not allocated to segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 402.06px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">110</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">152</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 719.068px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accumulated depreciation and pro</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vision for impairment losses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 249.176px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (970)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.6154px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1,037)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 237.42px; width: 718.658px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransportation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 504.761px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (673)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (696)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 263.732px; width: 718.828px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Storage </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 540.45px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (173)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (181)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.045px; width: 718.816px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regasification</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 522.544px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (7)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (8)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 316.373px; width: 718.863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransition</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 497.67px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (37)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (76)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 342.686px; width: 719.045px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 504.248px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (10)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 85.1659px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (8)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 368.998px; width: 719.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amounts not allocated to segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 398.314px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (70)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (66)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 395.311px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET BOOK V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ALUE</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 486.169px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,321</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,449</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 421.623px; width: 718.951px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransportation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 515.145px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">357</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">414</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 447.951px; width: 718.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Storage </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 551.002px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">703</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">710</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 474.264px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regasification</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 532.95px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 500.576px; width: 718.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransition</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 501.57px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">215</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">229</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 526.889px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 623.959px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 553.217px; width: 718.799px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amounts not allocated to segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 408.656px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">86</span></span></span><span style=\"display:inherit;clear:left;\">12 <span class=\"_ _94\"> </span>Investments by business segment are presented in the chapter 'Business Segment Performance' of the Annual Report.</span><span style=\"display:inherit;clear:left;\">13 <span class=\"_ _94\"> </span>For further details, see Note 9.2 'Impairment test'.</span><span style=\"display:inherit;clear:left;\">9.2 <span class=\"_ _3c\"> </span>Impairment test </span><span style=\"display:inherit;clear:left;\">As required by the relevant accounting standard (IA<span class=\"_ _0\"></span>S 36), </span><span style=\"display:inherit;clear:left;\">impairment testing is performed at least annually for all </span><span style=\"display:inherit;clear:left;\">CGUs (or groups of CGUs<span class=\"_ _c\"></span>) to which goodwill has been </span><span style=\"display:inherit;clear:left;\">allocated, as well as for CGUs (or groups of CGUs<span class=\"_ _c\"></span>) with </span><span style=\"display:inherit;clear:left;\">intangible assets that have an indefinite useful lives and </span><span style=\"display:inherit;clear:left;\">intangible assets not yet available for use. For all remaining </span><span style=\"display:inherit;clear:left;\">CGUs (or groupings of CGUs<span class=\"_ _c\"></span>), impairment testing is </span><span style=\"display:inherit;clear:left;\">performed only in the presence of impairment indicators. </span><span style=\"display:inherit;clear:left;\">The macroeconomic landscape over the past year has also </span><span style=\"display:inherit;clear:left;\">been characterized by a substantial inflationary trend. In </span><span style=\"display:inherit;clear:left;\">response to this, major central banks, including the ECB, </span><span style=\"display:inherit;clear:left;\">have implemented significant and recurrent raises of their </span><span style=\"display:inherit;clear:left;\">respective benchmark interest rates. </span><span style=\"display:inherit;clear:left;\">The markets, in which these phenomena took place </span><span style=\"display:inherit;clear:left;\">(including the Eurozone<span class=\"_ _1\"></span>), are a snapshot of 2023, </span><span style=\"display:inherit;clear:left;\">characterised by the presence of widespread signs </span><span style=\"display:inherit;clear:left;\">14</span><span style=\"display:inherit;clear:left;\">of external impairment indicators</span><span style=\"display:inherit;clear:left;\">. Therefore, at 31 </span><span style=\"display:inherit;clear:left;\">December 2023, in addition to the disclosure in Note 10 </span><span style=\"display:inherit;clear:left;\">\"Equity Investments\", the test was performed for all the </span><span style=\"display:inherit;clear:left;\">main CGUs and groupings of CGUs, in particular: </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>for gas infrastructure, for the Snam Rete Gas, ITG, LNG<span class=\"_ _0\"></span>, </span><span style=\"display:inherit;clear:left;\">FSRU Piombino and Stogit CGUs; limited to the ITG C<span class=\"_ _c\"></span>GU, </span><span style=\"display:inherit;clear:left;\">goodwill of \u20ac27 million was allocated; </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>for the sustainable mobility business, consisting of petrol </span><span style=\"display:inherit;clear:left;\">stations, and micro-liquefaction plants, for the Greenture </span><span style=\"display:inherit;clear:left;\">CGU;</span><span style=\"display:inherit;clear:left;\">15</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>for the Biomethane Agri CGU</span><span style=\"display:inherit;clear:left;\">, consisting of agricultural </span><span style=\"display:inherit;clear:left;\">biomass treatment plants for the production of </span><span style=\"display:inherit;clear:left;\">biomethane and related services, goodwill of \u20ac35 million </span><span style=\"display:inherit;clear:left;\">was allocated; </span><span style=\"display:inherit;clear:left;\">16</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>for the Biomethane Waste CGU</span><span style=\"display:inherit;clear:left;\">, consisting of the </span><span style=\"display:inherit;clear:left;\">FORSU treatment plants with reference to which, at </span><span style=\"display:inherit;clear:left;\">31 December 2023, there was no outstanding goodwill </span><span style=\"display:inherit;clear:left;\">allocated against the impairment charges made;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>for the energy efficiency business, by the Energy </span><span style=\"display:inherit;clear:left;\">Efficiency CGU grouping, consisting of the TEP Energy </span><span style=\"display:inherit;clear:left;\">Solution, Renovit Public Solutions and Evolve CGUs, </span><span style=\"display:inherit;clear:left;\">as well as the sub-holding Renovit, to which goodwill </span><span style=\"display:inherit;clear:left;\">totalling \u20ac19 million was allocated; this is due to the </span><span style=\"display:inherit;clear:left;\">strong vertical integration between the companies </span><span style=\"display:inherit;clear:left;\">in the management of know-how and technologies, </span><span style=\"display:inherit;clear:left;\">which allows for the creation of important synergies in </span><span style=\"display:inherit;clear:left;\">presenting a unified offer to the market. </span><span style=\"display:inherit;clear:left;\">14 <span class=\"_ _94\"> </span>Pursuant to paragraph 12 of IAS 36.</span><span style=\"display:inherit;clear:left;\">15 <span class=\"_ _94\"> </span>The Biomethane Agri CGU at 31 December 2023 consisted of 32 </span><span style=\"display:inherit;clear:left;\">companies. With respect to the perimeter of the CGU at 31.12.2022, for </span><span style=\"display:inherit;clear:left;\">the purposes of the Consolidated Financial Statements at 31.12.2023, </span><span style=\"display:inherit;clear:left;\">this perimeter does not include Societ\u00e0 Agricola Ariano Biometano </span><span style=\"display:inherit;clear:left;\">S.r.l., due to the sale finalised in October 2023, while it includes the 8 </span><span style=\"display:inherit;clear:left;\">companies acquired during 2023 1) Agriwatt Castel Goffredo Societ\u00e0 </span><span style=\"display:inherit;clear:left;\">Agricola a r<span class=\"_ _c\"></span>.l., 2) Soragna Agroenergie Societ\u00e0 Agricola S.r.l., 3) Zibello </span><span style=\"display:inherit;clear:left;\">Agroenergie Societ\u00e0 Agricola S.r.l., 4) Bietifin S.r<span class=\"_ _1\"></span>.l., 5) Moglia Energia </span><span style=\"display:inherit;clear:left;\">Societ\u00e0 Agricola a r<span class=\"_ _c\"></span>.l., 6) MST S.r.l., 7) Societ\u00e0 Agricola Agrimetano Ro </span><span style=\"display:inherit;clear:left;\">S.r.l., 8) Societ\u00e0 Agricola P<span class=\"_ _c\"></span>ozzonovo S.r<span class=\"_ _c\"></span>.l.</span><span style=\"display:inherit;clear:left;\">16 <span class=\"_ _94\"> </span>The Biomethane Waste CGU also includes the two companies of the </span><span style=\"display:inherit;clear:left;\">Waste business acquired in 2023 - CH4 Energy S.r<span class=\"_ _c\"></span>.l. and Biowaste CH4 </span><span style=\"display:inherit;clear:left;\">Legnano S.r.l..</span><span style=\"display:inherit;clear:left;\">With the exception of disclosure in Note 10<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">\"Investments\", the impairment test was performed on<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">the basis of a similar CGU set<span class=\"_ _c\"></span>-up compared to last year<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">The recoverable amount of the Greenture CGU was<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">determined, as the value in use, based on the cash </span><span style=\"display:inherit;clear:left;\">flows of the company's plans using the Discounted </span><span style=\"display:inherit;clear:left;\">Cash Flow (DCF) Method. In consideration of the </span><span style=\"display:inherit;clear:left;\">business development phase, and in view of the planned </span><span style=\"display:inherit;clear:left;\">investment plan, the cash flows were determined </span><span style=\"display:inherit;clear:left;\">considering a longer horizon than the forecast data of<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">the 2024-2027 Plan, in order to be able to consider all </span><span style=\"display:inherit;clear:left;\">the effects that may significantly affect these flows. For </span><span style=\"display:inherit;clear:left;\">the discounting of cash flows, the Weighted Average<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">Cost of Capital (WACC) was used. The T<span class=\"_ _1\"></span>erminal Value<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">was calculated using the perpetuity method, applying a </span><span style=\"display:inherit;clear:left;\">growth rate substantially in line with market evidence for<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">the expected long-term inflation rate for the reference </span><span style=\"display:inherit;clear:left;\">area, based on values provided by the International </span><span style=\"display:inherit;clear:left;\">Monetary Fund (IMF).</span><span style=\"display:inherit;clear:left;\">With reference to the biomethane business, the </span><span style=\"display:inherit;clear:left;\">recoverable value of the two CGUs identified,<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">Biomethane Agri CGU and Biomethane Waste C<span class=\"_ _c\"></span>GU, was<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">determined, as the value in use, based on the Discounted </span><span style=\"display:inherit;clear:left;\">Cash Flow (DCF) Method, using the 2024-2027 Plan </span><span style=\"display:inherit;clear:left;\">approved by the Board. For both CGUs, the cash flows<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">were determined considering a longer time horizon<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">than the forecast data of the 2024-2027 Plan approved </span><span style=\"display:inherit;clear:left;\">by the Board, in order to be able to consider all the </span><span style=\"display:inherit;clear:left;\">effects that may significantly affect the cash flows. For </span><span style=\"display:inherit;clear:left;\">the discounting of cash flows, the Weighted Average<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">Cost of Capital (WACC) was used. The terminal value<span class=\"_ _1\"></span> </span><span style=\"display:inherit;clear:left;\">was calculated using the perpetuity method, applying a </span><span style=\"display:inherit;clear:left;\">growth rate no higher than the market evidence for the<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">expected inflation rate in the long term, based on values </span><span style=\"display:inherit;clear:left;\">provided by the IMF<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">With regard to the Energy Efficiency business, the </span><span style=\"display:inherit;clear:left;\">recoverable amount of the Energy Efficiency CGU </span><span style=\"display:inherit;clear:left;\">grouping was determined, as the value in use, based on </span><span style=\"display:inherit;clear:left;\">the Discounted Cash Flow (DCF) Method. The cash flows </span><span style=\"display:inherit;clear:left;\">were determined considering a broader time horizon than </span><span style=\"display:inherit;clear:left;\">the forecast data of the 2024-2027 Plan approved by the </span><span style=\"display:inherit;clear:left;\">Board, in order to be able to consider all the effects that </span><span style=\"display:inherit;clear:left;\">may significantly affect cash flows. For the discounting of </span><span style=\"display:inherit;clear:left;\">cash flows, the Weighted Average Cost of Capital (W<span class=\"_ _c\"></span>ACC) </span><span style=\"display:inherit;clear:left;\">was used. The terminal value was calculated using the </span><span style=\"display:inherit;clear:left;\">perpetuity method, applying a growth rate in line with </span><span style=\"display:inherit;clear:left;\">market evidence for the expected inflation rate in the </span><span style=\"display:inherit;clear:left;\">long term, based on values provided by the IMF<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">With reference to the T<span class=\"_ _c\"></span>ransportation (Snam Rete Gas), </span><span style=\"display:inherit;clear:left;\">Regasification (FSRU Piombino and LNG) and Storage </span><span style=\"display:inherit;clear:left;\">(Stogit) CGUs, the recoverable value was defined as </span><span style=\"display:inherit;clear:left;\">corresponding to the estimated value of the Net Invested </span><span style=\"display:inherit;clear:left;\">Capital recognised to these assets for tariff purposes </span><span style=\"display:inherit;clear:left;\">(R<span class=\"_ _0\"></span>AB - Regulatory A<span class=\"_ _0\"></span>sset Base) by ARERA<span class=\"_ _0\"></span>, the energy </span><span style=\"display:inherit;clear:left;\">regulator<span class=\"_ _1\"></span>, including fixed assets valued using the revalued </span><span style=\"display:inherit;clear:left;\">historical cost method, lump-sum net working capital, </span><span style=\"display:inherit;clear:left;\">net of adjustment items, including employee severance </span><span style=\"display:inherit;clear:left;\">indemnity, the provision for decommissioning where </span><span style=\"display:inherit;clear:left;\">applicable, and grants received. The R<span class=\"_ _0\"></span>AB is also the basis </span><span style=\"display:inherit;clear:left;\">for determining the service charges and, therefore, the </span><span style=\"display:inherit;clear:left;\">cash flows generated by the activities.</span><span style=\"display:inherit;clear:left;\">With regard to the ITG CGU<span class=\"_ _1\"></span>, the recoverable amount of </span><span style=\"display:inherit;clear:left;\">this CGU was determined, as the value in use, based on </span><span style=\"display:inherit;clear:left;\">the Discounted Cash Flow (DCF) Method, using the 2024-</span><span style=\"display:inherit;clear:left;\">2027 Plan approved by the Board. The T<span class=\"_ _1\"></span>erminal Value, </span><span style=\"display:inherit;clear:left;\">consistent with the practice in the energy infrastructure </span><span style=\"display:inherit;clear:left;\">sector<span class=\"_ _1\"></span>, was estimated as the disposal value at the end </span><span style=\"display:inherit;clear:left;\">of the plan time horizon, assuming the recognition of a </span><span style=\"display:inherit;clear:left;\">premium in line with the market evidence examined at 31 </span><span style=\"display:inherit;clear:left;\">December 2023. </span><span style=\"display:inherit;clear:left;\">For CGUs where the value in use is determined through </span><span style=\"display:inherit;clear:left;\">the Discounted Cash Flow method, the reference </span><span style=\"display:inherit;clear:left;\">discount rate is the Weighted Average Cost of Capital<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">(WACC), corresponding to the weighted average cost of<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">capital, determined, consistently with applicable doctrine </span><span style=\"display:inherit;clear:left;\">and prevailing methodological practices, based on the </span><span style=\"display:inherit;clear:left;\">following main assumptions:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">Risk Free Rate: the 10-year sovereign bond, issued by </span></span><span style=\"display:inherit;clear:left;\">the reference country in which the assets belonging </span><span style=\"display:inherit;clear:left;\">to the CGU (or the CGU grouping) operate, is used to<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">determine the risk-free rate;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">Equity Risk Premium: the equity risk premium </span></span><span style=\"display:inherit;clear:left;\">is determined by Snam on the basis of the main </span><span style=\"display:inherit;clear:left;\">authoritative external industry sources;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">Beta Unlevered: this is calculated as the average </span></span><span style=\"display:inherit;clear:left;\">figure taken from the panel of identified comparable </span><span style=\"display:inherit;clear:left;\">companies specifically selected for each CGU;<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">D/E: the debt<span class=\"_ _1\"></span>-to-equity ratio is determined as an </span></span><span style=\"display:inherit;clear:left;\">average parameter taken from the panel of comparable </span><span style=\"display:inherit;clear:left;\">companies referred to each CGU, ex<span class=\"_ _c\"></span>cept where, in the </span><span style=\"display:inherit;clear:left;\">absence of current or planned financial payables, zero </span><span style=\"display:inherit;clear:left;\">leverage is used;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">Beta Relevered: this is calculated from the Beta </span></span><span style=\"display:inherit;clear:left;\">Unlevered using Hamada's formula, which tak<span class=\"_ _c\"></span>es into </span><span style=\"display:inherit;clear:left;\">account the tax effect, and the average D/E of the panel<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">of comparable companies considered; </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">Reference Rate for the cost of debt: this is calculated </span></span><span style=\"display:inherit;clear:left;\">as the average of the swap rates of 10-year euro-</span><span style=\"display:inherit;clear:left;\">denominated instruments;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">Credit Spread: this is determined as the average </span></span><span style=\"display:inherit;clear:left;\">parameter taken from the panel of comparable </span><span style=\"display:inherit;clear:left;\">companies specifically selected for each CGU.<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">Additional risks are also appied (Specific Risk Premium)<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">aimed at reflecting, where applicable, within each </span><span style=\"display:inherit;clear:left;\">discount rate, specific considerations related to aspects </span><span style=\"display:inherit;clear:left;\">characterising a CGU (or grouping of CGUs<span class=\"_ _c\"></span>) such as, for </span><span style=\"display:inherit;clear:left;\">example, business risks or risks related to the stage of </span><span style=\"display:inherit;clear:left;\">development of the activities performed.</span><span style=\"display:inherit;clear:left;\">The Snam methodology requires these values to be </span><span style=\"display:inherit;clear:left;\">updated annually. At 31 December 2023, the WAC<span class=\"_ _c\"></span>Cs </span><span style=\"display:inherit;clear:left;\">estimated by the Snam group and used in the impairment </span><span style=\"display:inherit;clear:left;\">tests were between 5.5% and 12.3% (between 5.57% and </span><span style=\"display:inherit;clear:left;\">8.97% for the year 2022).</span><span style=\"display:inherit;clear:left;\">For all CGUs and groupings of CGUs, the recoverable value<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">as depicted above was higher than their net book value, </span><span style=\"display:inherit;clear:left;\">including related goodwill, except for the Biomethane </span><span style=\"display:inherit;clear:left;\">Waste CGU<span class=\"_ _1\"></span>. </span><span style=\"display:inherit;clear:left;\">In particular<span class=\"_ _1\"></span>, as of 31 December 2023, the forecasts </span><span style=\"display:inherit;clear:left;\">relating to the business of managing OFMSW treatment </span><span style=\"display:inherit;clear:left;\">plants were affected by the combined effect of the </span><span style=\"display:inherit;clear:left;\">following phenomena: (i) the market dynamics of </span><span style=\"display:inherit;clear:left;\">OFMSW which negatively impacted the forecast of the </span><span style=\"display:inherit;clear:left;\">contribution tariffs developed by the Company, as well as<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">(ii) the increase in operating costs, mainly including waste </span><span style=\"display:inherit;clear:left;\">disposal costs.</span><span style=\"display:inherit;clear:left;\">A comparison between the recoverable amount and </span><span style=\"display:inherit;clear:left;\">the book value of the Biomethane Waste CGU showed a<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">difference in value of \u20ac135 million, which led to the full </span><span style=\"display:inherit;clear:left;\">write-down of goodwill, amounting to approximately </span><span style=\"display:inherit;clear:left;\">\u20ac40 million, as well as of a part of property, plant and </span><span style=\"display:inherit;clear:left;\">equipment and intangible assets for the remaining </span><span style=\"display:inherit;clear:left;\">amount of around \u20ac95 million.</span><span style=\"display:inherit;clear:left;\">As required by IA<span class=\"_ _0\"></span>S 36, the CGUs subject to impairment </span><span style=\"display:inherit;clear:left;\">testing, whose recoverable value was determined by </span><span style=\"display:inherit;clear:left;\">discounting the expected cash flows from the use of the </span><span style=\"display:inherit;clear:left;\">asset (as well as from its sale at the end of its useful life </span><span style=\"display:inherit;clear:left;\">in some cases), were subjected to a sensitivity analysis </span><span style=\"display:inherit;clear:left;\">of the recoverable value, in the worst<span class=\"_ _c\"></span>-case scenario that </span><span style=\"display:inherit;clear:left;\">envisages a 0.5 percentage point increase in the discount </span><span style=\"display:inherit;clear:left;\">rate applied during the impairment test. This sensitivity </span><span style=\"display:inherit;clear:left;\">analysis did not highlight significant negative differences </span><span style=\"display:inherit;clear:left;\"><span><span style=\"display:inherit;clear:left;\">in value.</span></span> </span><span style=\"display:inherit;clear:left;\">10) <span class=\"_ _35\"> </span>Investments accounted for using the equity method </span><span style=\"display:inherit;clear:left;position:relative;height:538.505859375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">SeaCorridor S.r</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.l.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 521.426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">648</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">er\u00e9ga Holding S.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.S. </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 478.219px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">398</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">430</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rans Austria Gasleitung GmbH (T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AG)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 395.456px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">274</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">228</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 719.051px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">AS Gasinfrastruktur Beteiligung GmbH</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 394.166px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">93</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">112</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 719.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">OL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.5969px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T - Offshore LNG T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">oscana S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 418.695px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">32</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">33</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 573.919px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 97.7227px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal equity investments in companies under joint control</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 286.418px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">797</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,452</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 719.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rans Adriatic Pipeline A.G. (T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AP)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 418.695px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">450</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">404</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 237.42px; width: 718.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Industrie De Nora S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 467.017px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">402</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">376</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 263.732px; width: 719.162px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Italgas S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 526.894px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">285</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">313</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.045px; width: 719.08px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Senfluga Energy Infrastructure Holdings S.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 351.861px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">168</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">207</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 316.373px; width: 718.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Galaxy Pipeline Assets HoldCo Limited </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 392.351px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">70</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">131</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 342.686px; width: 718.863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Interconnect</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">or Limited</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 478.219px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">84</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">68</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 368.998px; width: 718.805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">East Mediterranean Gas Compan</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 420.311px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">45</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">49</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 395.311px; width: 718.887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">dCarbonX Limited</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 512.04px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 421.623px; width: 718.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 573.919px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 97.7227px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 447.951px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal equity investments in associates</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 381.855px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,511</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,566</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 474.264px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 572.43px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 500.576px; width: 718.986px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal equity investments in subsidiaries</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 397.47px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 526.889px; width: 718.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL INVESTMENTS A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">CC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OUNTED FOR USING THE E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">QUIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Y METHOD</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 201.504px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,313</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,019</span></span></span><span style=\"display:inherit;clear:left;\">The change during the year is shown in the table below. </span><span style=\"display:inherit;clear:left;position:relative;height:554.04296875px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 372.984px; top: 0.0078125px; width: 38.3906px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 477.359px; top: 6.75781px; width: 39.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 579.969px; top: 6.75781px; width: 39.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 327.938px; top: 13.5078px; width: 83.5605px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">investments in </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 20.2578px; width: 85.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 430.391px; top: 20.2578px; width: 87.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">investments in </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 532.172px; top: 20.2578px; width: 87.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">investments in </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 688.844px; top: 20.2578px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 315.203px; top: 27.0078px; width: 96.2578px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">companies under </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 454.672px; top: 33.7578px; width: 59.8242px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">associates</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 531.016px; top: 33.7578px; width: 85.5879px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">subsidiaries (*)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 340.172px; top: 40.5078px; width: 67.7051px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">joint contr</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ol</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 67.3887px; width: 718.729px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at 01.01.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 256.301px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,063</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.5918px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,488</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,560</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.7168px; width: 719.227px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Acquisitions and subscriptions</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 344.103px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.508px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">5</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 120.029px; width: 719.016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Disposals and redemptions</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 346.67px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(86)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 182.455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(86)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 146.342px; width: 718.717px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Dividends received</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 284.279px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(15)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 85.1659px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(92)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 175.078px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(107)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 172.654px; width: 225.797px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Effect of accounting using the equity method</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.982px; width: 719.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Amount recogniz</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ed through profit and loss</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 147.41px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">107</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.0352px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">37</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 183.668px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">144</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 225.295px; width: 718.811px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Amount recogniz</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ed through comprehensive income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 107.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">16</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 85.7168px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">114</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 183.668px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">130</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 251.607px; width: 718.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Writebacks/(W</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rite-downs)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 238.494px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(365)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.7267px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.2772px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(336)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 277.92px; width: 718.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 311.59px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.7267px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 304.232px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 266.361px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">797</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.5918px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,511</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,313</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 330.561px; width: 718.617px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Acquisitions and subscriptions</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 224.473px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">411</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">421</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 356.873px; width: 718.869px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Disposals and redemptions</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 237.428px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (87)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (83)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.1739px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (170)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 383.186px; width: 718.611px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Dividends received</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 285.826px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (23)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.5918px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (176)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (199)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 409.498px; width: 715.951px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Effect of accounting using the equity method</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 156.527px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 435.826px; width: 718.986px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Amount recogniz</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ed through profit and loss</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 154.131px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">83</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">328</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">410</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 462.139px; width: 718.828px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Amount recogniz</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ed through comprehensive income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.9142px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (12)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (38)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (50)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 488.451px; width: 718.857px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 305.783px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">283</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 85.1659px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">294</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 514.764px; width: 718.729px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 256.301px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,452</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.5918px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,566</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,019</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 545.051px; width: 366.193px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff7b; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)  Equity investments refer to unconsolidated subsidiaries valued using the equity method.</span></span></span><span style=\"display:inherit;clear:left;\">Purchases and subscriptions (\u20ac421 million) mainly relate to the acquisition from Eni of a 49.9% stak<span class=\"_ _c\"></span>e in SeaCorridor S.r.l. </span><span style=\"display:inherit;clear:left;\">(\u20ac410 million), a company that holds stak<span class=\"_ _c\"></span>es in the companies operating the TTPC and TMPC pipelines.</span><span style=\"display:inherit;clear:left;\">Disposals and redemptions (\u20ac170 million) mainly relate to the sale of shares in Industrie De Nora S.p.A<span class=\"_ _0\"></span>. (\u20ac68 million), a </span><span style=\"display:inherit;clear:left;\">transaction after which Snam holds 21.59% of the company's share capital (25.79% prior to the sale) and the repayment of </span><span style=\"display:inherit;clear:left;\">capital reserves by SeaCorridor S<span class=\"_ _0\"></span>.r<span class=\"_ _c\"></span>.l. (\u20ac87 million).</span><span style=\"display:inherit;clear:left;\">The dividends received (\u20ac199 million) mainly refer to the company under joint control T<span class=\"_ _1\"></span>er\u00e9ga (\u20ac15 million) and </span><span style=\"display:inherit;clear:left;\">the associated companies T<span class=\"_ _1\"></span>AP (\u20ac72 million), Italgas (\u20ac35 million), Galaxy Pipeline Assets HoldCo (\u20ac29 million) and </span><span style=\"display:inherit;clear:left;\">Interconnector Limited (\u20ac27 million).</span><span style=\"display:inherit;clear:left;\">The effect of accounting using the equity method recognised in the income statement (\u20ac410 million) relates to the portion </span><span style=\"display:inherit;clear:left;\">of the companies' net results for the period, resulting from positive results totalling \u20ac458 million and negative results </span><span style=\"display:inherit;clear:left;\">totalling \u20ac48 million.</span><span style=\"display:inherit;clear:left;\">The effect of accounting using the equity method recognised in the statement of comprehensive income (- \u20ac50 million) </span><span style=\"display:inherit;clear:left;\">is mainly attributable to the change in the fair value of hedging derivatives of the companies T<span class=\"_ _1\"></span>er\u00e9ga and OL<span class=\"_ _1\"></span>T under joint </span><span style=\"display:inherit;clear:left;\">control and the associated companies T<span class=\"_ _1\"></span>AP and Senfluga.</span><span style=\"display:inherit;clear:left;\">Other changes (\u20ac294 million) mainly refer to the estimated earn-outs provided for under contractual agreements signed </span><span style=\"display:inherit;clear:left;\">for the acquisition of equity investments.</span><span style=\"display:inherit;clear:left;\">The macroeconomic landscape over the past year has </span><span style=\"display:inherit;clear:left;\">been characterized by a substantial inflationary trend. In </span><span style=\"display:inherit;clear:left;\">response to this, major central banks, including the ECB, </span><span style=\"display:inherit;clear:left;\">have implemented significant and recurrent raises of </span><span style=\"display:inherit;clear:left;\">their respective benchmark interest rates. Therefore at </span><span style=\"display:inherit;clear:left;\">31 December 2023, Snam conducted impairment tests on </span><span style=\"display:inherit;clear:left;\">all the primary Cash Generating Units (CGUs), represented </span><span style=\"display:inherit;clear:left;\">by the equity investments held in companies under joint </span><span style=\"display:inherit;clear:left;\">control and associated companies. This was done to </span><span style=\"display:inherit;clear:left;\">verify their recoverability by comparing their book value </span><span style=\"display:inherit;clear:left;\">with their recoverable value, which is represented by the </span><span style=\"display:inherit;clear:left;\">higher of the two between fair value and value in use. The </span><span style=\"display:inherit;clear:left;\">scope of the CGUs represented by the equity investments </span><span style=\"display:inherit;clear:left;\">held in companies under joint control and associates is </span><span style=\"display:inherit;clear:left;\">unchanged from 31 December 2022, with the exception </span><span style=\"display:inherit;clear:left;\">of the SeaCorridor CGU, which is present in relation to the </span><span style=\"display:inherit;clear:left;\">acquisition of 49.9% of the company's capital, completed </span><span style=\"display:inherit;clear:left;\">by Snam in January 2023.</span><span style=\"display:inherit;clear:left;\">In particular<span class=\"_ _1\"></span>, for carr<span class=\"_ _0\"></span>ying out the impairment test, </span><span style=\"display:inherit;clear:left;\">the recoverable value of the equity investments was </span><span style=\"display:inherit;clear:left;\">determined in the configuration of value in use on the </span><span style=\"display:inherit;clear:left;\">basis of the Dividend Discount Model (DDM) or Discounted </span><span style=\"display:inherit;clear:left;\">Cash Flow (DCF) methodology, with the exception of </span><span style=\"display:inherit;clear:left;\">equity in Italgas S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. and Industrie De Nora S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>., </span><span style=\"display:inherit;clear:left;\">associated companies, for which the recoverable value </span><span style=\"display:inherit;clear:left;\">was determined on the basis of market quotations at the </span><span style=\"display:inherit;clear:left;\">closing date of the financial year<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">All tests did not lead to the detection of write-downs/</span><span style=\"display:inherit;clear:left;\">recoveries of value.</span><span style=\"display:inherit;clear:left;\">At 31 December 2023, the Snam group estimated discount </span><span style=\"display:inherit;clear:left;\">rates used in the preparation of impairment tests ranging </span><span style=\"display:inherit;clear:left;\">from 5.96% and 9.14% for the CGUs measured using the </span><span style=\"display:inherit;clear:left;\">DDM (between 5.75% and 8.24% for the year 2022), and </span><span style=\"display:inherit;clear:left;\">between 5.5% and 12.3% for CGUs measured using the DCF </span><span style=\"display:inherit;clear:left;\">method (between 4.97% and 8.44% for the year 2022). </span><span style=\"display:inherit;clear:left;\">With reference to the equity investments held in the </span><span style=\"display:inherit;clear:left;\">Austrian companies T<span class=\"_ _1\"></span>AG and GC<span class=\"_ _0\"></span>A, the current scenario is </span><span style=\"display:inherit;clear:left;\">still characterised by significant uncertainties related not </span><span style=\"display:inherit;clear:left;\">only to the duration and outcome of the Russia-Ukraine </span><span style=\"display:inherit;clear:left;\">conflict, but also to the process of defining the new </span><span style=\"display:inherit;clear:left;\">regulatory framework applicable from 2025.  </span><span style=\"display:inherit;clear:left;\">With regard to the stake held by Snam S.p.A<span class=\"_ _0\"></span>. (84.47%) in </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>AG, the company owning the pipeline that transports </span><span style=\"display:inherit;clear:left;\">Russian gas to Italy, through Austria, via Ukraine, Slovakia </span><span style=\"display:inherit;clear:left;\">and up to the entry point in Tarvisio, the trend already </span><span style=\"display:inherit;clear:left;\">recorded in 2022, i.e. a significant reduction in Russian </span><span style=\"display:inherit;clear:left;\">gas supplies, was confirmed. During 2023, less significant </span><span style=\"display:inherit;clear:left;\">impacts were reported with regard to GCA<span class=\"_ _0\"></span>, also due </span><span style=\"display:inherit;clear:left;\">to existing long-term transport capacity contracts with </span><span style=\"display:inherit;clear:left;\">gradual expiry dates up to 2031; during the year, the </span><span style=\"display:inherit;clear:left;\">company used its interconnection points with Germany to </span><span style=\"display:inherit;clear:left;\">ensure the security of supply in Austria and, at the same </span><span style=\"display:inherit;clear:left;\">time, to guarantee reaching the filling target for domestic </span><span style=\"display:inherit;clear:left;\">storage. </span><span style=\"display:inherit;clear:left;\">As a result of the changed context indicated above, also </span><span style=\"display:inherit;clear:left;\">for the purposes of the Consolidated Financial Statements </span><span style=\"display:inherit;clear:left;\">at 31 December 2022, Snam wrote-down the investments </span><span style=\"display:inherit;clear:left;\">17</span><span style=\"display:inherit;clear:left;\">18</span><span style=\"display:inherit;clear:left;\"> and GCA</span><span style=\"display:inherit;clear:left;\">held in the Austrian companies T<span class=\"_ _1\"></span>AG</span><span style=\"display:inherit;clear:left;\">, for \u20ac340 </span><span style=\"display:inherit;clear:left;\">million and \u20ac25 million, respectively. </span><span style=\"display:inherit;clear:left;\">At present, both investee companies are actively </span><span style=\"display:inherit;clear:left;\">continuing their interaction with the Austrian Regulatory </span><span style=\"display:inherit;clear:left;\">Authority, which started in 2023, regarding the definition </span><span style=\"display:inherit;clear:left;\">of the new regulatory framework, which is expected to be </span><span style=\"display:inherit;clear:left;\">finalised by the end of the first half of 2024; although the </span><span style=\"display:inherit;clear:left;\">regulator has been open to eliminating so-called volume </span><span style=\"display:inherit;clear:left;\">risk, there is still a high degree of uncertainty regarding </span><span style=\"display:inherit;clear:left;\">the rules and parameters under which companies will be </span><span style=\"display:inherit;clear:left;\">remunerated from 2025 onwards. In this scenario, the </span><span style=\"display:inherit;clear:left;\">forecasts used to estimate the recoverable amount at 31 </span><span style=\"display:inherit;clear:left;\">December 2023 were prepared.  </span><span style=\"display:inherit;clear:left;\">As a result, Snam, as soon as the new regulator<span class=\"_ _0\"></span>y </span><span style=\"display:inherit;clear:left;\">framework is finalised, with the consequent elimination </span><span style=\"display:inherit;clear:left;\">of the uncertainty surrounding the companies' future </span><span style=\"display:inherit;clear:left;\">remuneration levels, will update its assessments of the </span><span style=\"display:inherit;clear:left;\">recoverable value of the investments held in the Austrian </span><span style=\"display:inherit;clear:left;\">companies.</span><span style=\"display:inherit;clear:left;\">Regarding equity investments, no collateral has been </span><span style=\"display:inherit;clear:left;\">provided except as described in relation to the stake in<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">19</span><span style=\"display:inherit;clear:left;\">TA<span class=\"_ _0\"></span>P</span><span style=\"display:inherit;clear:left;\">. </span><span style=\"display:inherit;clear:left;\">Consolidated companies, companies jointly controlled </span><span style=\"display:inherit;clear:left;\">with other shareholders, associated companies and other </span><span style=\"display:inherit;clear:left;\">significant equity investments are separately listed in </span><span style=\"display:inherit;clear:left;\">the Annex to the notes to the consolidated financial </span><span style=\"display:inherit;clear:left;\">statements \"Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. equity investments at 31 </span><span style=\"display:inherit;clear:left;\">December 2023\", which is an integral part of these notes. </span><span style=\"display:inherit;clear:left;\">In accordance with the requirements of IFRS 12 </span><span style=\"display:inherit;clear:left;\">\"Disclosure of Interests in Other Entities\", the following is </span><span style=\"display:inherit;clear:left;\">a summary of the financial data of companies under joint </span><span style=\"display:inherit;clear:left;\">control and associated companies for the years ended 31 </span><span style=\"display:inherit;clear:left;\">December 2022 and 31 December 2023.</span><span style=\"display:inherit;clear:left;\">17 <span class=\"_ _94\"> </span>Given the significant uncertainties present, the recoverable amount of </span><span style=\"display:inherit;clear:left;\">the investment in T<span class=\"_ _c\"></span>AG, at 31 December 2022, was determined based </span><span style=\"display:inherit;clear:left;\">on a multi-scenario approach, attributing a probability of occurrence </span><span style=\"display:inherit;clear:left;\">to each of the scenarios considered and multiplying the value in use </span><span style=\"display:inherit;clear:left;\">emerging from each of the scenarios considered by the probability of </span><span style=\"display:inherit;clear:left;\">occurrence attributed to them.</span><span style=\"display:inherit;clear:left;\">18 <span class=\"_ _94\"> </span>The write-down concerned the investment held by Snam in AS </span><span style=\"display:inherit;clear:left;\">Gasinfrastruktur Beteiligung GmbH (a company through which it </span><span style=\"display:inherit;clear:left;\">indirectly holds an interest in GCA - Gas Connect Austria). </span><span style=\"display:inherit;clear:left;\">19 <span class=\"_ _94\"> </span>For further information, please refer to Note 26.1.1 \u201cGuarantee </span><span style=\"display:inherit;clear:left;\">provided on behalf of the associate T<span class=\"_ _c\"></span>AP\u201d.</span><span style=\"display:inherit;clear:left;\">10.1 <span class=\"_ _85\"> </span>Equity investments in companies under joint control</span><span style=\"display:inherit;clear:left;\">The economic and financial data for each company under joint control deemed significant, referring to the IFRS-compliant </span><span style=\"display:inherit;clear:left;\">20</span><span style=\"display:inherit;clear:left;\">financial statement values of the investee companies</span><span style=\"display:inherit;clear:left;\">, are reported below: </span><span style=\"display:inherit;clear:left;position:relative;height:869.88671875px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 516.234px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 381.078px; top: 26.3359px; width: 89.8359px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">er\u00e9ga Holding </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 506.812px; top: 26.3359px; width: 78.8203px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rans Austria </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 604.625px; top: 26.3359px; width: 117.27px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">AS Gasinfrastruktur </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 33.0859px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 435.266px; top: 39.8359px; width: 32.6016px; white-space: pre; word-spacing: -0.12px; letter-spacing: 0.12px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">S.A</span><span style=\"word-spacing: -0.12px; letter-spacing: 0.12px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.S.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 482.891px; top: 39.8359px; width: 99.4453px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Gasleitung GmbH</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 614.844px; top: 39.8359px; width: 104.232px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Beteiligung GmbH</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.7324px; width: 718.811px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 375.919px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">72</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.3301px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">124</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0449px; width: 718.629px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which cash and cash equivalents</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 264.738px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">72</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.227px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">53</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.357px; width: 719.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-current assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 335.103px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,051</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,095</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.139px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">571</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.67px; width: 721.77px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 371.83px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,123 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,219 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">573 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 171.998px; width: 718.811px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 346.67px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(135)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(135)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.459px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.311px; width: 718.922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which current financial liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 249.176px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(121)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.879px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(32)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.459px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 224.623px; width: 718.74px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-current liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 312.346px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2,008)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(396)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 108.023px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(276)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 250.936px; width: 719.057px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which non-current financial liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 216.24px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,704)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(261)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 114.656px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(33)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 277.248px; width: 719.197px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 347.397px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2,143)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 85.7168px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(531)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 108.023px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(279)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 303.576px; width: 721.828px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL NET ASSETS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 340.611px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">980 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.4239px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">688 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">294 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 329.889px; width: 719.145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity investment held b</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y Snam Group % (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.316px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40.50%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.1739px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">89.22%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40.00%</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 356.201px; width: 721.594px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal net assets attributable to the Snam Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 188.912px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">397 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.8926px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">614 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">118 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 382.514px; width: 470.654px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Goodwill and other adjustments of the Snam Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.951px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 408.842px; width: 718.951px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Reductions/increases in value</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 394.166px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(340)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 114.656px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(25)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 435.154px; width: 721.658px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">INVESTMENTS AC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">COUNTED FOR USING THE E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">QUIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Y METHOD</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 102.293px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">398 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.4239px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">274 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.467px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">93 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 461.467px; width: 585.621px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Operating revenues and income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 273.803px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">468 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.8926px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">447 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 487.779px; width: 582.557px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other operating costs and expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 243.92px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(170)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(286)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 514.092px; width: 582.902px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation and impairment losses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 244.857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(109)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.4864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(63)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 540.42px; width: 585.674px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Operating profit</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 355.365px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">189 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 98.5312px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">98 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 566.732px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 622.114px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 593.045px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 345.264px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(32)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.4864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(10)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.459px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(7)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 619.357px; width: 314.795px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Share of profit or loss of investments acc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ounted for using </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 704.828px; top: 626.123px; width: 14.5488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(4)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 632.857px; width: 101.285px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">the equity method</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 659.186px; width: 582.762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Income tax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 375.262px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(39)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.4864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(23)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 685.514px; width: 718.74px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">PROFIT FOR THE YEAR</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 320.719px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">118 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 98.5312px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">65 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 111.346px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(10)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 711.826px; width: 245.051px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other components of comprehensiv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e income</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 738.139px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OMPREHENSIVE INCOME ST</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TEMENT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 188.912px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">118 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 98.5312px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">65 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 111.346px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(10)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 764.451px; width: 719.145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity investment held b</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y Snam Group % (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.316px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40.50%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.1739px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">89.22%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40.00%</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 790.764px; width: 719.139px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal comprehensive income held by Snam</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 223.799px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">48 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 98.5312px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">58 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.086px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 817.092px; width: 320.631px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">SHARE OF TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL PR</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OFIT OF INVESTMENTS ACC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OUNTED </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 454.672px; top: 823.842px; width: 264.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">48 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 98.5312px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">58 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 118.365px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 830.592px; width: 186.996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FOR USING THE E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">QUIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Y METHOD</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 860.895px; width: 507.662px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)  The shareholding in Trans A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ustria Gasleitung GmbH is accounted for according t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o the percentage of economic rights held.</span></span></span><span style=\"display:inherit;clear:left;\">20 <span class=\"_ _94\"> </span>It should be noted that, unless otherwise indicated, the financial statement values of companies under joint control, reported at 100%, have been </span><span style=\"display:inherit;clear:left;\">supplemented to reflect the adjustments made by the parent company in application of the equity method valuation criterion. These figures refer to </span><span style=\"display:inherit;clear:left;\">preliminary and/or approved reporting packages.</span><span style=\"display:inherit;clear:left;position:relative;height:909.69921875px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 479.062px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 305.156px; top: 26.3359px; width: 89.8359px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">er\u00e9ga Holding </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 430.5px; top: 26.3359px; width: 78.8203px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rans Austria </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 519.953px; top: 26.3359px; width: 117.27px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">AS Gasinfrastruktur </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 652.422px; top: 26.3359px; width: 69.123px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">SeaCorridor </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 33.0703px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 359.281px; top: 39.8359px; width: 32.6016px; white-space: pre; word-spacing: -0.12px; letter-spacing: 0.12px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">S.A</span><span style=\"word-spacing: -0.12px; letter-spacing: 0.12px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.S.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 407.484px; top: 39.8359px; width: 99.4453px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Gasleitung GmbH</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 529.734px; top: 39.8359px; width: 104.232px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Beteiligung GmbH</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 695.812px; top: 39.8359px; width: 22.7344px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">S.r</span><span style=\"word-spacing: 0.24px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.l</span><span style=\"word-spacing: 0.24px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.7168px; width: 718.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 292.781px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">207</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 100.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">82</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 107.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">161</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">164</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0293px; width: 718.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which cash and cash equivalents</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 188.397px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">98</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.227px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">22</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.971px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">104</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.342px; width: 718.629px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-current assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 258.129px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,094</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 85.1659px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 107.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">392</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">547</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.67px; width: 721.723px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 295.072px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,301 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,106 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.846px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">553 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">711 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 171.982px; width: 718.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 269.602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(140)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.4864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(82)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(54)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.295px; width: 633.809px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which current financial liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 179.168px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(21)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 100.752px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 224.607px; width: 718.98px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-current liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 235.5px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2,100)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(387)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(271)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.9199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(16)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 250.92px; width: 633.961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which non-current financial liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 139.605px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,790)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(246)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.195px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(27)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 277.248px; width: 718.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 270.598px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2,254)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(469)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(274)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(70)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 303.561px; width: 721.764px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL NET ASSETS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 254.391px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,061 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.9259px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">637 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.402px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">279 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">641 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 329.873px; width: 718.945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity investment held b</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y Snam Group % (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40.50%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">89.22%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40.00%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">49.90%</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 356.186px; width: 721.682px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal net assets attributable to the Snam Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">430 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">568 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.402px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">112 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">320 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 382.514px; width: 721.729px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Goodwill and other adjustments of the Snam Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 419.49px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">328 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 408.826px; width: 506.572px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Reductions/increases in value</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 317.76px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(340)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 435.139px; width: 249.17px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">INVESTMENTS AC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">COUNTED FOR USING THE </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 371.031px; top: 441.889px; width: 350.408px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">430 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.4239px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">228 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.402px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">112 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">648 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 448.639px; width: 96.9141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">EQUITY METHOD</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 474.967px; width: 721.711px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Operating revenues and income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.508px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">474 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">410 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.773px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">456 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 501.279px; width: 719.115px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other operating costs and expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 167.42px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(175)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(407)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 191.742px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(41)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 527.592px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation and impairment losses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 168.322px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(111)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.4864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(64)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 191.291px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(23)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 553.92px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Operating profit</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 279.317px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">188 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.9531px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(61)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 192.129px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">392</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 580.232px; width: 718.98px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 409.384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 120.574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 606.545px; width: 718.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 269.074px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(29)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.7147px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(7)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.9199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(12)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 632.857px; width: 263.807px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Share of profit or loss of investments acc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ounted </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 620.953px; top: 639.623px; width: 98.6484px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">38</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 646.357px; width: 152.273px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for using the equity method</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 672.686px; width: 719.016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Income tax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 298.588px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(41)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.227px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">16</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 184.881px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(303)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 699.014px; width: 718.928px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">PROFIT FOR THE YEAR</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 244.453px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">118 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.9531px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(51)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.971px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">48</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">124</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 725.326px; width: 391.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other components of comprehensiv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 125.268px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(11)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 751.639px; width: 718.91px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OMPREHENSIVE INCOME ST</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TEMENT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 112.23px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">107 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.5509px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(51)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.971px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">48</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">124</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 777.951px; width: 718.945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity investment held b</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y Snam Group % (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40.50%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">89.22%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40.00%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">49.90%</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 804.264px; width: 722.039px; white-space: pre; word-spacing: 0px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal comprehensive income held by Snam</span><span style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: 0px; width: 161.543px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">43 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.5509px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(46)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.971px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">62 </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 830.592px; width: 719.309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other Snam Group adjustments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 532.95px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 856.904px; width: 245.859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">SHARE OF TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL PR</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OFIT OF INVESTMENTS </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 378.062px; top: 863.654px; width: 343.465px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">43 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.9531px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(46)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.971px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.4784px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">54 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 870.404px; width: 261.773px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">AC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">COUNTED FOR USING THE E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">QUIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Y METHOD</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 900.707px; width: 511.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)    The shareholding in Trans A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ustria Gasleitung GmbH is accounted for according t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o the percentage of economic rights held.</span></span></span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>er\u00e9ga Holding S.A.S.</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>er\u00e9ga Holding S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.S<span class=\"_ _0\"></span>. is a company operating under French </span><span style=\"display:inherit;clear:left;\">law which controls T<span class=\"_ _1\"></span>er\u00e9ga S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. and T<span class=\"_ _c\"></span>er\u00e9ga Solutions S.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.S<span class=\"_ _0\"></span>., </span><span style=\"display:inherit;clear:left;\">through T<span class=\"_ _1\"></span>er\u00e9ga S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.S<span class=\"_ _0\"></span>., wholly owned by T<span class=\"_ _c\"></span>er\u00e9ga Holding </span><span style=\"display:inherit;clear:left;\">S.A.S.</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>er\u00e9ga S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. is engaged in the transportation and storage </span><span style=\"display:inherit;clear:left;\">of natural gas in the South West of F<span class=\"_ _c\"></span>rance. Natural gas </span><span style=\"display:inherit;clear:left;\">transportation and storage activities in France are subject </span><span style=\"display:inherit;clear:left;\">to regulation.</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>er\u00e9ga Solutions S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.S<span class=\"_ _0\"></span>. is a company engaged in non-</span><span style=\"display:inherit;clear:left;\">regulated activities, with a focus on developing solutions </span><span style=\"display:inherit;clear:left;\">that facilitate the transition to renewable energy: </span><span style=\"display:inherit;clear:left;\">biomethane, hydrogen, multi-energy and digital.</span><span style=\"display:inherit;clear:left;\">As of 31 December 2023, T<span class=\"_ _c\"></span>er\u00e9ga Holding S.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.S<span class=\"_ _0\"></span>. was owned </span><span style=\"display:inherit;clear:left;\">by Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.   (40.5%), Raffles Infra Holdings Limited </span><span style=\"display:inherit;clear:left;\">(GIC) (31.5%), Ouestgaz S.A<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>S. (EDF) (18%), Pr\u00e9voyance </span><span style=\"display:inherit;clear:left;\">Dialogue du Cr\u00e9dit Agricole SA   (9%) and Cr\u00e9dit Agricole </span><span style=\"display:inherit;clear:left;\">Assurances Retraite SA (1%). </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>er\u00e9ga Holding S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.S<span class=\"_ _0\"></span>.\u2019s Consolidated Financial Statements </span><span style=\"display:inherit;clear:left;\">include T<span class=\"_ _1\"></span>er\u00e9ga Holding S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.S<span class=\"_ _0\"></span>., T<span class=\"_ _c\"></span>er\u00e9ga S.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.S<span class=\"_ _0\"></span>, T<span class=\"_ _1\"></span>er\u00e9ga S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. and </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>er\u00e9ga Solutions S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.S<span class=\"_ _0\"></span>.</span><span style=\"display:inherit;clear:left;\">Corporate governance regulations stipulate that decisions </span><span style=\"display:inherit;clear:left;\">on certain matters of significant interest to the company </span><span style=\"display:inherit;clear:left;\">require the affirmative vote of both Snam and GIC </span><span style=\"display:inherit;clear:left;\">shareholders.</span><span style=\"display:inherit;clear:left;\">The interest payment to shareholders on the nominal value </span><span style=\"display:inherit;clear:left;\">of the \u20ac470 million convertible debenture loan (of which </span><span style=\"display:inherit;clear:left;\">Snam has subscribed \u20ac190 million) can be deferred at the </span><span style=\"display:inherit;clear:left;\">discretion of the issuer<span class=\"_ _1\"></span>, Ter\u00e9ga S.A<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>S.</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>rans Austria Gasleitung Gmbh (T<span class=\"_ _11\"></span>AG) </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>rans Austria Gasleitung GmbH (T<span class=\"_ _c\"></span>AG) is a company </span><span style=\"display:inherit;clear:left;\">governed by Austrian law, specializing in the transportation </span><span style=\"display:inherit;clear:left;\">of natural gas. It owns the gas pipeline that connects the </span><span style=\"display:inherit;clear:left;\">Slovakian-Austrian border to the T<span class=\"_ _c\"></span>arvisio entr<span class=\"_ _0\"></span>y point in Italy.</span><span style=\"display:inherit;clear:left;\">Natural gas transportation in Austria is a regulated activity. </span><span style=\"display:inherit;clear:left;\">At 31 December 2023, Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. held 84.47% of the </span><span style=\"display:inherit;clear:left;\">share capital, entitling it to 89.22% of the economic rights. </span><span style=\"display:inherit;clear:left;\">The remainder of the share capital (15.53%) is held by Gas </span><span style=\"display:inherit;clear:left;\">Connect Austria GmbH (GCA).</span><span style=\"display:inherit;clear:left;\">The contractual agreements established between </span><span style=\"display:inherit;clear:left;\">Snam, T<span class=\"_ _1\"></span>AG and GC<span class=\"_ _0\"></span>A also dictate that, in certain specific </span><span style=\"display:inherit;clear:left;\">circumstances, if T<span class=\"_ _1\"></span>AG is unable to self-finance, the other </span><span style=\"display:inherit;clear:left;\">companies are obliged to provide financial support in </span><span style=\"display:inherit;clear:left;\">accordance with the proportion of equity investment held </span><span style=\"display:inherit;clear:left;\">by each shareholder<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">Corporate governance regulations stipulate that </span><span style=\"display:inherit;clear:left;\">decisions regarding certain significant activities must </span><span style=\"display:inherit;clear:left;\">be unanimously agreed upon by all members of the </span><span style=\"display:inherit;clear:left;\">Supervisor<span class=\"_ _0\"></span>y Board. This board comprises representatives </span><span style=\"display:inherit;clear:left;\">from Snam and GCA<span class=\"_ _0\"></span>, as well as employee representatives, </span><span style=\"display:inherit;clear:left;\">as mandated by Austrian law.</span><span style=\"display:inherit;clear:left;\">AS Gasinfrastruktur Beteiligung GmbH</span><span style=\"display:inherit;clear:left;\">AS Gasinfrastruktur Beteiligung GmbH is an Austrian firm </span><span style=\"display:inherit;clear:left;\">jointly controlled by Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. and the Allianz Group, </span><span style=\"display:inherit;clear:left;\">holding stakes of 40% and 60% respectively.</span><span style=\"display:inherit;clear:left;\">The company fully owns the Austrian firm, AS </span><span style=\"display:inherit;clear:left;\">Gasinfrastruktur GmbH, which itself holds a 49% stake in </span><span style=\"display:inherit;clear:left;\">Gas Connect Austria GmbH (GCA). The majority control of </span><span style=\"display:inherit;clear:left;\">GCA<span class=\"_ _0\"></span>, at 51%, is held by Verbund.</span><span style=\"display:inherit;clear:left;\">The corporate governance regulations of AS </span><span style=\"display:inherit;clear:left;\">Gasinfrastruktur Beteiligung GmbH dictate that decisions at </span><span style=\"display:inherit;clear:left;\">the management level must be made by a simple majority, </span><span style=\"display:inherit;clear:left;\">requiring the affirmative vote of a Managing Director from </span><span style=\"display:inherit;clear:left;\">both Snam and Allianz.</span><span style=\"display:inherit;clear:left;\">SeaCorridor S.r<span class=\"_ _1\"></span>.l.</span><span style=\"display:inherit;clear:left;\">SeaCorridor<span class=\"_ _1\"></span>, is the Italian joint venture established on 10 </span><span style=\"display:inherit;clear:left;\">January 2023 by Snam S<span class=\"_ _0\"></span>.p.<span class=\"_ _0\"></span>A and Eni, which hold 49.9% and </span><span style=\"display:inherit;clear:left;\">50.1% of the share capital respectively. </span><span style=\"display:inherit;clear:left;\">At 31 December 2023, Eni and Snam exercised joint </span><span style=\"display:inherit;clear:left;\">control over SeaCorridor<span class=\"_ _1\"></span>, based on the principles of equal </span><span style=\"display:inherit;clear:left;\">governance.</span><span style=\"display:inherit;clear:left;\">The operation has made it possible to synergistically </span><span style=\"display:inherit;clear:left;\">value respective competences on a strategic route for the </span><span style=\"display:inherit;clear:left;\">security of natural gas supply in Italy, favouring potential </span><span style=\"display:inherit;clear:left;\">development initiatives in the hydrogen value chain also </span><span style=\"display:inherit;clear:left;\">thanks to the natural resources of North Africa.</span><span style=\"display:inherit;clear:left;\">The company manages the two groups of international gas </span><span style=\"display:inherit;clear:left;\">pipelines that connect Algeria to Italy, in particular:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">the trans-<span class=\"_ _c\"></span>Tunisian onshore gas pipeline which extends<span class=\"_ _c\"></span> </span></span><span style=\"display:inherit;clear:left;\">from the border between Algeria and Tunisia to the<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">Tunisian coast with reference to which TTPC (a company </span><span style=\"display:inherit;clear:left;\">100% controlled by SeaCorridor) holds the exclusive </span><span style=\"display:inherit;clear:left;\">transport rights under contracts originally signed with </span><span style=\"display:inherit;clear:left;\">the Tunisian state in 1977 and renewed from time to<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">time);</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">the offshore gas pipeline that crosses the Sicily Channel </span></span><span style=\"display:inherit;clear:left;\">connecting the Tunisian coast to Italy<span class=\"_ _c\"></span>, whose ownership </span><span style=\"display:inherit;clear:left;\">is held by TMPC (a company jointly controlled by </span><span style=\"display:inherit;clear:left;\">SeaCorridor - which holds 50% - and the Algerian state </span><span style=\"display:inherit;clear:left;\">oil company Sonatrach).</span><span style=\"display:inherit;clear:left;\">10.2 <span class=\"_ _85\"> </span>Equity investments in associates</span><span style=\"display:inherit;clear:left;\">The economic and financial data for equity investments in associates deemed significant, referring to the IFRS-compliant </span><span style=\"display:inherit;clear:left;\">21</span><span style=\"display:inherit;clear:left;\">financial statement values of the investee companies</span><span style=\"display:inherit;clear:left;\">, are shown below:  </span><span style=\"display:inherit;clear:left;position:relative;height:803.740234375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 474.203px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 680.219px; top: 26.3359px; width: 41.9883px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Galax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 339.438px; top: 33.0703px; width: 33.9023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rans </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 502.281px; top: 33.0859px; width: 53.6309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Senfluga </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 671.938px; top: 39.8359px; width: 49.6699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Pipeline </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 324.906px; top: 46.5703px; width: 48.7441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Adriatic </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 513.141px; top: 46.5859px; width: 42.9844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 569.922px; top: 46.5859px; width: 88.3125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Interc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">onnector </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.3203px; width: 85.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 381.031px; top: 53.3359px; width: 73.6641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Italgas S.p</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 680.219px; top: 53.3359px; width: 41.332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assets </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 298.266px; top: 60.0703px; width: 75.5332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Pipeline A.G. </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 472.844px; top: 60.0859px; width: 84.2578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Infrastructure </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 613.141px; top: 60.0859px; width: 43.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Limited</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 676.938px; top: 66.8359px; width: 45.0762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">HoldCo </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 339.438px; top: 73.5703px; width: 30.4219px; white-space: pre; word-spacing: 0.984px; letter-spacing: -0.984px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(</span><span style=\"word-spacing: 0.984px; letter-spacing: -0.984px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TA</span><span style=\"word-spacing: 0.984px; letter-spacing: -0.984px; display: inline-block; margin-left: 0px; width: 0.884767px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">P</span><span style=\"word-spacing: 0.984px; letter-spacing: -0.984px; display: inline-block; margin-left: 0px; width: 0.884767px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 483.062px; top: 73.5859px; width: 72.9141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Holding S.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 675.391px; top: 80.3359px; width: 46.5059px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Limited </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 107.217px; width: 718.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.688px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">892</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,862</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">358</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">267</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">198</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 133.529px; width: 718.629px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-current assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 237.428px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,615</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,138</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">904</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">154</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5859px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7,208</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.842px; width: 718.934px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 275.719px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5,507</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11,000</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.9784px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,262</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">421</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5859px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7,406</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 186.17px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 248.326px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(546)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,421)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(256)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(152)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7324px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(47)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 212.482px; width: 718.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-current liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 214.647px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3,168)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(7,176)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(435)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(172)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.9863px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(6,827)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.795px; width: 719.191px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 250.933px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3,714)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,597)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(691)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(324)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.5117px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(6,874)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 265.107px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL NET ASSETS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 232.635px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,793</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,403</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">571</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">97</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">532</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 291.436px; width: 654.85px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to third parties</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 283.764px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">282</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 76.8517px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">259</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 317.748px; width: 719.033px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to the sharehol</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ders of the investee </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4531px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,793</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,121</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">312</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">96</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">532</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 344.061px; width: 718.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity investment held b</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y Snam Group % (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 108.404px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13.49%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">54%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23.68%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.6973px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12.327%</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 370.373px; width: 718.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal net assets attributable to the Snam Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">359</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">285</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">168</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">66</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 396.686px; width: 718.887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Goodwill and other adjustments of the Snam Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">91</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.688px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">86</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 423.014px; width: 655.178px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Reductions/increases in value</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 473.134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(25)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 449.326px; width: 249.17px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">INVESTMENTS AC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">COUNTED FOR USING THE </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 351.266px; top: 456.076px; width: 369.129px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">450</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">285</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">168</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">84</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">71</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 462.826px; width: 96.9141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">EQUITY METHOD</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 489.154px; width: 655.324px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Revenues</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 297.135px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">874</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,279</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">324</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">197</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 515.467px; width: 718.939px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Operating profit</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 260.918px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">653</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,117</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">121</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">104</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 541.779px; width: 719.191px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET RESUL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.5969px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 282.621px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">298</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">436</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.9591px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">82</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">83</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.5117px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,203)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 568.107px; width: 719.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other components of comprehensiv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.895px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">399</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">52</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.9591px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 145.94px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">174</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 594.42px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OMPREHENSIVE INCOME ST</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TEMENT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.9259px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">697</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">488</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">103</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">83</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.8262px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,029)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 620.732px; width: 552.908px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to third parties</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 290.303px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.9591px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">33</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 647.045px; width: 719.209px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to the sharehol</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ders of the investee </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.8926px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">697</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">461</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">70</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">83</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.4961px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,029)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 673.373px; width: 719.238px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OMPREHENSIVE INCOME OF THE GROUP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.621px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">697</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">488</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">103</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">83</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.5117px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,029)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 699.686px; width: 718.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity investment held b</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y Snam Group % (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 108.404px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13.49%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">54%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23.68%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.6973px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12.327%</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 725.998px; width: 718.852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal comprehensive income of the Snam Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.5252px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">139</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">61</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">38</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(127)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 752.311px; width: 655.184px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other Snam Group adjustments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 468.825px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(6)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 778.623px; width: 245.859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">SHARE OF TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL PR</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OFIT OF INVESTMENTS </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 351.266px; top: 785.389px; width: 369.082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">139</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">61</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">38</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(127)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 792.123px; width: 261.773px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">AC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">COUNTED FOR USING THE E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">QUIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Y METHOD</span></span></span><span style=\"display:inherit;clear:left;\">21 <span class=\"_ _94\"> </span>It should be noted that the financial statement values of associated companies, reported at 100%, have been adjusted to reflect the adjustments made </span><span style=\"display:inherit;clear:left;\">by the parent company in application of the equity method valuation criterion. These figures refer to preliminary and/or approved reporting packages.  </span><span style=\"display:inherit;clear:left;position:relative;height:964.16796875px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 463.234px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 632.172px; top: 26.3359px; width: 41.9883px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Galax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 293.328px; top: 33.0859px; width: 33.9023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rans </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 456.359px; top: 33.1016px; width: 53.6309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Senfluga </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 625.281px; top: 39.8359px; width: 49.6699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Pipeline </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 688.844px; top: 39.8359px; width: 54.7441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Industrie </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 277px; top: 46.5859px; width: 48.7441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Adriatic </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 467.219px; top: 46.6016px; width: 42.9844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 523.188px; top: 46.6016px; width: 88.3125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Interc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">onnector </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.3203px; width: 85.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 333.797px; top: 53.3359px; width: 73.6641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Italgas S.p</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 633.375px; top: 53.3359px; width: 41.332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assets </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 694.312px; top: 53.3359px; width: 49.6699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">De Nora </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 251.719px; top: 60.0859px; width: 75.5332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Pipeline A.G. </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 424.656px; top: 60.1016px; width: 84.2578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Infrastructure </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 564.625px; top: 60.1016px; width: 43.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Limited</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 629.859px; top: 66.8359px; width: 45.0762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">HoldCo </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 690.266px; top: 66.8359px; width: 49.5996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. (*)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 291.469px; top: 73.5859px; width: 30.4219px; white-space: pre; word-spacing: 0.984px; letter-spacing: -0.984px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(</span><span style=\"word-spacing: 0.984px; letter-spacing: -0.984px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TA</span><span style=\"word-spacing: 0.984px; letter-spacing: -0.984px; display: inline-block; margin-left: 0px; width: 0.884767px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">P</span><span style=\"word-spacing: 0.984px; letter-spacing: -0.984px; display: inline-block; margin-left: 0px; width: 0.884767px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 436.391px; top: 73.6016px; width: 72.9141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Holding S.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 628.453px; top: 80.3359px; width: 46.5059px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Limited </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 107.217px; width: 740.133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 224.473px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">643</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,243</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">403</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">226</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">193</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">688</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 133.545px; width: 740.221px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-current assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 190.559px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,314</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,903</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,064</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">132</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5859px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7,131</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">609</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.857px; width: 740.268px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 228.744px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,957</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11,146</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.9784px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,467</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">358</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.0938px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7,324</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,297</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 186.17px; width: 740.139px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 201.504px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(489)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,807)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(242)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(81)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(44)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1482px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(162)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 212.482px; width: 740.18px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-current liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 167.42px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2,905)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(6,700)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(558)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(239)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.9863px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(6,254)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1482px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(230)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.811px; width: 740.15px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.188px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3,394)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,507)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(800)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(320)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.5117px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(6,298)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(392)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 265.123px; width: 740.039px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL NET ASSETS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 186.223px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,563</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,639</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">667</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">38</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.0938px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,026</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">905</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 291.436px; width: 739.945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to third parties</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 236.754px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">319</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">284</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.822px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 317.748px; width: 177.24px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to the sharehol</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ders </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 293.328px; top: 324.514px; width: 446.525px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,563</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,320</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">383</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">37</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.125px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,026</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">899</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 331.248px; width: 86.0801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">  of the investee </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 357.576px; width: 739.928px; white-space: pre; word-spacing: 0px; letter-spacing: -0.12px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity investment held b</span><span style=\"word-spacing: 0px; letter-spacing: -0.12px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y Snam Group % (*)</span><span style=\"word-spacing: 0px; letter-spacing: -0.12px; display: inline-block; margin-left: 0px; width: 66.5918px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">20%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13.473%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.2772px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">54%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23.68%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 16.1016px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12.327%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.8828px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21.59%</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 383.889px; width: 224.801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal net assets attributable to the Snam </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 303.312px; top: 390.654px; width: 436.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">313</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">313</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">207</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">126</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">194</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 397.389px; width: 33.7324px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Group</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 423.717px; width: 177.146px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Goodwill and other adjustments </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 310.25px; top: 430.482px; width: 430.031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">91</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.688px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">84</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">182</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 437.217px; width: 102.018px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of the Snam Group</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 463.545px; width: 608.068px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Reductions/increases in value</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 426.022px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(25)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 489.873px; width: 223.764px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">INVESTMENTS AC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">COUNTED FOR USING </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 303.312px; top: 496.623px; width: 437.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">404</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">313</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">207</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">68</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">131</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">376</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 503.373px; width: 122.32px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">THE EQUITY METHOD</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 529.701px; width: 740.162px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Revenues</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 250.318px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">837</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,637</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">589</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">151</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 111.346px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">658</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 556.014px; width: 740.268px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Operating profit</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 214.125px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">501</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">681</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">212</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">76</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 118.365px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">97</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 582.326px; width: 739.863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET RESUL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.5969px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 236.145px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">329</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">464</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">152</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">55</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">776</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">199</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 608.639px; width: 205.424px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other components of comprehensiv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 296.266px; top: 615.404px; width: 444.486px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(122)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(16)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 76.377px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(13)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 144.703px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(42)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(16)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 622.139px; width: 39.627px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 648.467px; width: 191.514px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OMPREHENSIVE INCOME </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 303.312px; top: 655.232px; width: 437.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">207</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">448</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">139</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">55</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">734</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">183</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 661.967px; width: 67.6523px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">ST</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TEMENT</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 688.295px; width: 740.232px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to third parties</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 243.176px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">52</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 227.191px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 714.623px; width: 177.24px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to the sharehol</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ders </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 303.312px; top: 721.373px; width: 437.033px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">207</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">421</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.9591px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">87</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">55</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">734</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">182</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 728.123px; width: 86.0801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">  of the investee </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 754.451px; width: 235.711px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OMPREHENSIVE INCOME OF THE </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 303.312px; top: 761.201px; width: 437.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">207</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">448</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">139</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">55</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">734</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">183</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 767.951px; width: 41.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">GROUP</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 794.279px; width: 739.928px; white-space: pre; word-spacing: 0px; letter-spacing: -0.12px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity investment held b</span><span style=\"word-spacing: 0px; letter-spacing: -0.12px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y Snam Group % (*)</span><span style=\"word-spacing: 0px; letter-spacing: -0.12px; display: inline-block; margin-left: 0px; width: 66.5918px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">20%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13.473%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.2772px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">54%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23.68%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 16.1016px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12.327%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.8828px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21.59%</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 820.592px; width: 226.482px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal comprehensive income of the Snam </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 310.25px; top: 827.342px; width: 430.043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">41</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">57</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.9591px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">47</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">90</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 834.092px; width: 33.7324px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Group</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 860.42px; width: 608.309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other Snam Group adjustments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 421.95px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 886.732px; width: 143.279px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">SHARE OF TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL PR</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OFIT </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 900.232px; width: 177.791px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">OF INVESTMENTS AC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">COUNTED </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 310.25px; top: 900.232px; width: 430.207px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">41</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">57</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">47</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">90</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 913.732px; width: 186.996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FOR USING THE E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">QUIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Y METHOD</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 943.926px; width: 719.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)   The relevant economic</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-financial figures refer to the reporting package at 30 September 2023. The adjustment of the financial statement values at 31 December 2023 will be </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 16.4844px; top: 955.176px; width: 107.977px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">implemented during 2024.</span></span></span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>rans Adriatic <span class=\"_ _0\"></span>Pipeline A.G. <span class=\"_ _0\"></span>(T<span class=\"_ _1\"></span>AP) </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>rans Adriatic Pipeline A<span class=\"_ _0\"></span>.G. Trans Adriatic Pipeline A.G. </span><span style=\"display:inherit;clear:left;\">(T<span class=\"_ _c\"></span>AP) is a Swiss company established with the purpose of </span><span style=\"display:inherit;clear:left;\">designing, developing, constructing, and operating a gas </span><span style=\"display:inherit;clear:left;\">pipeline from the Greek-<span class=\"_ _1\"></span>Turkish border to Italy, specifically </span><span style=\"display:inherit;clear:left;\">to the entry point in San Foca-Melendugno, traversing </span><span style=\"display:inherit;clear:left;\">through Greece and Albania. The construction of the </span><span style=\"display:inherit;clear:left;\">pipeline has been successfully completed, and the asset has </span><span style=\"display:inherit;clear:left;\">been commercially operational since 15 November 2020.</span><span style=\"display:inherit;clear:left;\">At 31 December 2023, T<span class=\"_ _1\"></span>AP was owned by Snam </span><span style=\"display:inherit;clear:left;\">International B.<span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>. (20%), by AzTAP GmbH (20%), by BP </span><span style=\"display:inherit;clear:left;\">Pipelines T<span class=\"_ _1\"></span>AP Limited (20%), by Fluxys Europe B.<span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>. (20%) </span><span style=\"display:inherit;clear:left;\">and by Enag\u00e1s Internacional S.L<span class=\"_ _0\"></span>.U. (20%).</span><span style=\"display:inherit;clear:left;\">Under the existing corporate governance regulations, none </span><span style=\"display:inherit;clear:left;\">of T<span class=\"_ _1\"></span>AP\u2019s shareholders have the ability to exert control over </span><span style=\"display:inherit;clear:left;\">the company, even jointly<span class=\"_ _c\"></span>.</span><span style=\"display:inherit;clear:left;\">Italgas S.p.A. </span><span style=\"display:inherit;clear:left;\">Italgas S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. is an Italian company that controls 100% of </span><span style=\"display:inherit;clear:left;\">Italgas Reti S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>., 67.22% of Geoside S.r.l., 100% of Bludigit </span><span style=\"display:inherit;clear:left;\">S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>., 90% of Italgas Newco S.r.l. and 100% of Nepta </span><span style=\"display:inherit;clear:left;\">S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>., companies active in the distribution of natural gas </span><span style=\"display:inherit;clear:left;\">throughout Italy, energy efficiency, IT services and water </span><span style=\"display:inherit;clear:left;\">service management in five municipalities in Campania.</span><span style=\"display:inherit;clear:left;\">At 31 December 2023, Italgas S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. was owned by Snam </span><span style=\"display:inherit;clear:left;\">(13.47%) and by C.D.P<span class=\"_ _1\"></span>. Reti S.r<span class=\"_ _c\"></span>.l. (25.99%), while the </span><span style=\"display:inherit;clear:left;\">remainder was held by third-party shareholders.</span><span style=\"display:inherit;clear:left;\">On 7 November 2016, the effective date of the unbundling </span><span style=\"display:inherit;clear:left;\">from Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. of the natural gas distribution business, </span><span style=\"display:inherit;clear:left;\">the shareholders' agreement signed on 20 October </span><span style=\"display:inherit;clear:left;\">2016 between the Company, CDP Reti S.p.A<span class=\"_ _0\"></span>. and CDP </span><span style=\"display:inherit;clear:left;\">Gas S.r<span class=\"_ _c\"></span>.l., concerning all the shares held by each of them </span><span style=\"display:inherit;clear:left;\">in Italgas S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>., became effective.  Transfers of Snam<span class=\"_ _c\"></span>'s </span><span style=\"display:inherit;clear:left;\">equity interest in Italgas S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. are subject to CDP Reti's </span><span style=\"display:inherit;clear:left;\">discretionary approval and pre-emption, as well as to the </span><span style=\"display:inherit;clear:left;\">third-party takeover obligation. In addition, Snam may not </span><span style=\"display:inherit;clear:left;\">increase its equity investment. The agreement is for three </span><span style=\"display:inherit;clear:left;\">years and is automatically renewable for subsequent three-</span><span style=\"display:inherit;clear:left;\">year periods, unless terminated; Should Snam choose not </span><span style=\"display:inherit;clear:left;\">to renew, CDP Reti will have the option to purchase Snam<span class=\"_ _c\"></span>\u2019s </span><span style=\"display:inherit;clear:left;\">equity investment in Italgas at its fair market value.</span><span style=\"display:inherit;clear:left;\">On 31 March 2023, Snam and CDP Reti signed an amending </span><span style=\"display:inherit;clear:left;\">22</span><span style=\"display:inherit;clear:left;\">shareholders' agreement</span><span style=\"display:inherit;clear:left;\">. As an exception to the </span><span style=\"display:inherit;clear:left;\">provisions concerning limitations on the transfer of the </span><span style=\"display:inherit;clear:left;\">Snam shareholding, for the entire duration of the validity </span><span style=\"display:inherit;clear:left;\">of the agreement, Snam may transfer to third parties up </span><span style=\"display:inherit;clear:left;\">to a maximum of 54,616,646 Italgas shares representing </span><span style=\"display:inherit;clear:left;\">no more than 6.75% of the entire share capital of Italgas </span><span style=\"display:inherit;clear:left;\">(the \"released shares\") through one or more transfers (the </span><span style=\"display:inherit;clear:left;\">\"permitted partial transfers\").</span><span style=\"display:inherit;clear:left;\">22 <span class=\"_ _94\"> </span>It should be noted that on 1 May 2017, CDP Gas S.r.l. was merged by </span><span style=\"display:inherit;clear:left;\">incorporation into CDP S.p.<span class=\"_ _0\"></span>A.</span><span style=\"display:inherit;clear:left;\">Therefore, should Snam transfer all or part of the released </span><span style=\"display:inherit;clear:left;\">shares through one or more permitted partial transfers: </span><span style=\"display:inherit;clear:left;\">(i) CDP Reti shall not be entitled to exercise the right of </span><span style=\"display:inherit;clear:left;\">pre-emption; (ii) approval (including discretionary approval) </span><span style=\"display:inherit;clear:left;\">or consent of CDP Reti will not be required to effect the </span><span style=\"display:inherit;clear:left;\">permitted partial transfers; (iii) the transferees of the </span><span style=\"display:inherit;clear:left;\">released shares will not be obliged to adhere to the pact </span><span style=\"display:inherit;clear:left;\">and the purchase option agreement.</span><span style=\"display:inherit;clear:left;\">Senfluga Energy Infrastructure Holdings S.A.</span><span style=\"display:inherit;clear:left;\">Senfluga Energy Infrastructure Holdings S.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. is a company </span><span style=\"display:inherit;clear:left;\">under Greek law owned by Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. (54%), by Enag\u00e1s </span><span style=\"display:inherit;clear:left;\">Internacional S.L<span class=\"_ _0\"></span>.U. (18%), by Fluxys E<span class=\"_ _c\"></span>urope B.<span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>. (18%) </span><span style=\"display:inherit;clear:left;\">and bu DAMCO Energy S.A<span class=\"_ _0\"></span>. (10%), which owns a 66% </span><span style=\"display:inherit;clear:left;\">stake in Hellenic Gas T<span class=\"_ _1\"></span>ransmission System Operator S<span class=\"_ _0\"></span>.A<span class=\"_ _0\"></span>. </span><span style=\"display:inherit;clear:left;\">(DESF<span class=\"_ _c\"></span>A), the Greek national operator in the natural gas </span><span style=\"display:inherit;clear:left;\">infrastructure sector<span class=\"_ _1\"></span>. </span><span style=\"display:inherit;clear:left;\">DESF<span class=\"_ _c\"></span>A owns and operates a regulated high-pressure </span><span style=\"display:inherit;clear:left;\">transportation network spanning approximately 1,500 </span><span style=\"display:inherit;clear:left;\">km, in addition to a regasification terminal at Revithoussa. </span><span style=\"display:inherit;clear:left;\">Since January 2022, DESFA has held 20% of Gastrade S.A<span class=\"_ _0\"></span>., </span><span style=\"display:inherit;clear:left;\">a company that is developing the FSRU in Alexandroupoli. </span><span style=\"display:inherit;clear:left;\">Greece, a significant junction for diversifying procurement </span><span style=\"display:inherit;clear:left;\">and establishing new natural gas routes in Europe, holds </span><span style=\"display:inherit;clear:left;\">additional potential for development as a South-East </span><span style=\"display:inherit;clear:left;\">European hub.</span><span style=\"display:inherit;clear:left;\">Under the existing corporate governance regulations, Snam </span><span style=\"display:inherit;clear:left;\">does not have exclusive control over Senfluga (and, by </span><span style=\"display:inherit;clear:left;\">extension, over DESF<span class=\"_ _c\"></span>A), while Senfluga maintains exclusive </span><span style=\"display:inherit;clear:left;\">control over DESF<span class=\"_ _c\"></span>A.</span><span style=\"display:inherit;clear:left;\">Galaxy Pipeline <span class=\"_ _c\"></span>Assets Holdco Limited </span><span style=\"display:inherit;clear:left;\">Galaxy Pipeline Assets Holdco Limited (\u201cHoldCo\u201d) holds </span><span style=\"display:inherit;clear:left;\">100% of Galaxy Pipeline Assets Bidco Limited (\u201cBidCo\u201d), </span><span style=\"display:inherit;clear:left;\">which in turn holds a 47.7% stake in ADNOC Gas Pipeline </span><span style=\"display:inherit;clear:left;\">Assets LLC (\u201c<span class=\"_ _1\"></span>AssetCo\u201d). Snam holds a 12.327% interest in </span><span style=\"display:inherit;clear:left;\">the international consortium, consisting of GIP III Galaxy </span><span style=\"display:inherit;clear:left;\">HoldCo II Limited (GIP<span class=\"_ _c\"></span>), Infracore Investment Holdings </span><span style=\"display:inherit;clear:left;\">Limited, Raffles Infra Holdings Limited, NH Galaxy Pipeline </span><span style=\"display:inherit;clear:left;\">Holdco Limited, Galaxy Pipeline Assets T<span class=\"_ _c\"></span>opco Limited.</span><span style=\"display:inherit;clear:left;\">AssetCo, a subsidiar<span class=\"_ _0\"></span>y of ADNOC (Abu Dhabi National Oil </span><span style=\"display:inherit;clear:left;\">Company), maintains a twenty-year lease on ADNOC\u2019s </span><span style=\"display:inherit;clear:left;\">strategic assets associated with gas and LNG transportation </span><span style=\"display:inherit;clear:left;\">within the United Arab Emirates; the management and use </span><span style=\"display:inherit;clear:left;\">of these assets are held by ADNOC for the same twenty-</span><span style=\"display:inherit;clear:left;\">year term. </span><span style=\"display:inherit;clear:left;\">Snam is the sole industrial participant in the consortium, </span><span style=\"display:inherit;clear:left;\">signifying a significant investment opportunity in a strategic </span><span style=\"display:inherit;clear:left;\">infrastructure within the Gulf region.</span><span style=\"display:inherit;clear:left;\">The governance regulations stipulate that decisions on </span><span style=\"display:inherit;clear:left;\">certain matters of significant interest to the company must </span><span style=\"display:inherit;clear:left;\">be made by a supermajority vote or unanimously.</span><span style=\"display:inherit;clear:left;\">Interconnector Limited</span><span style=\"display:inherit;clear:left;\">Interconnector Limited is a company governed by English law<span class=\"_ _c\"></span>, owning the bidirectional pipeline that connects the United </span><span style=\"display:inherit;clear:left;\">Kingdom with Belgium and the broader European region. </span><span style=\"display:inherit;clear:left;\">At 31 December 2023, Interconnector Limited was an investee company of Snam International B.<span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>. (23.68%) and Fluxys UK </span><span style=\"display:inherit;clear:left;\">Ltd (76.32%). </span><span style=\"display:inherit;clear:left;\">Interconnector Limited directly owns 48% of the Dutch firm, Interconnector Zeebrugge T<span class=\"_ _1\"></span>erminal B.<span class=\"_ _c\"></span>V<span class=\"_ _1\"></span>. (which is, in turn, </span><span style=\"display:inherit;clear:left;\">25% owned by Snam International BV), and holds an additional 1% indirectly through Interconnector Leasing Company </span><span style=\"display:inherit;clear:left;\">Ltd.</span><span style=\"display:inherit;clear:left;\">The governance structure of Interconnector Limited is designed to, in certain instances, provide veto rights to Snam </span><span style=\"display:inherit;clear:left;\">International B.<span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>. This is intended to safeguard their investment and oversee certain decisions of significant importance to </span><span style=\"display:inherit;clear:left;\">Snam International B.<span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">Industrie De Nora S.p.A.</span><span style=\"display:inherit;clear:left;\">Industrie De Nora, established in 1923 in Italy, is a worldwide provider of pioneering technologies and solutions for water </span><span style=\"display:inherit;clear:left;\">treatment. The Company holds substantial potential for growth, owing to its exposure to two major trends within the </span><span style=\"display:inherit;clear:left;\">energy transition segment - the production of green hydrogen and water treatment.</span><span style=\"display:inherit;clear:left;\">At 30 June 2022, the company was listed on Euronext Milan, a regulated mark<span class=\"_ _c\"></span>et that is organized and managed by Borsa </span><span style=\"display:inherit;clear:left;\">Italiana S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.</span><span style=\"display:inherit;clear:left;\">At 31 December 2023, Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. owned 21.59% of the share capital in Industrie De Nora, held through Asset Company </span><span style=\"display:inherit;clear:left;\">10 S.r<span class=\"_ _c\"></span>.l.</span><span style=\"display:inherit;clear:left;\">10.3 <span class=\"_ _85\"> </span>Equity investments in companies under joint control and associated companies that are </span><span style=\"display:inherit;clear:left;\">individually insignificant</span><span style=\"display:inherit;clear:left;\">In addition to the investments in the previously mentioned companies, the carrying values of the equity investments in a </span><span style=\"display:inherit;clear:left;\">company under joint control and in two individually insignificant associated companies, which are accounted for using the </span><span style=\"display:inherit;clear:left;\">equity method, are as follows: </span><span style=\"display:inherit;clear:left;\"> (million euros<span class=\"_ _c\"></span>)<span class=\"_ _3c4\"> </span>2023</span><span style=\"display:inherit;clear:left;\">Aggregate value of jointly c<span class=\"_ _c\"></span>ontrolled equity investments which are individually insignificant<span class=\"_ _3bf\"> </span> 97 </span><span style=\"display:inherit;clear:left;\">Snam Group\u2019s share of profit/(loss) for the year<span class=\"_ _3c5\"> </span>12</span><span style=\"display:inherit;clear:left;\">Share of other components in the comprehensiv<span class=\"_ _c\"></span>e income statement attributable t<span class=\"_ _c\"></span>o the Snam Group<span class=\"_ _1d5\"> </span> (7)</span><span style=\"display:inherit;clear:left;\">TO<span class=\"_ _1\"></span>TAL SHARE OF C<span class=\"_ _c\"></span>OMPREHENSIVE INCOME ST<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>TEMENT A<span class=\"_ _c\"></span>TTRIBUTABLE T<span class=\"_ _1\"></span>O THE SNAM GROUP<span class=\"_ _321\"> </span>5</span><span style=\"display:inherit;clear:left;\">1<span class=\"_ _1\"></span>1) <span class=\"_ _3c\"> </span>OTHER CURRENT <span class=\"_ _1\"></span>AND NON-CURRENT FINANCIAL <span class=\"_ _1\"></span>ASSETS </span><span style=\"display:inherit;clear:left;position:relative;height:249.755859375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 391.172px; top: 0.0078125px; width: 264.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 143.385px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 19.9141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 420.344px; top: 26.3359px; width: 27.5098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 623.328px; top: 26.3516px; width: 27.5098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 335.531px; top: 33.0859px; width: 44.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 485.656px; top: 33.0859px; width: 97.5586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.7012px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 690.875px; top: 33.1016px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 404.953px; top: 39.8359px; width: 42.6035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 609.484px; top: 39.8516px; width: 42.6035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">current</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.748px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Long-term financial receivables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 202.19px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">116</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">118</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.139px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">102</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">102</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0605px; width: 718.699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Minority investments acc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ounted for at FV</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TOCI</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.219px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">52</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">52</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.566px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">50</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.373px; width: 172.131px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Short</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-term financial receivables</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.686px; width: 718.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- short</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-term ov</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">er 90 days</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 236.754px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 172.014px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Securities and fund units</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 305.783px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">7</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.326px; width: 719.062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 407.565px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 224.639px; width: 255.029px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL O</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">THER CURRENT AND NON-CURRENT </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 372.031px; top: 231.389px; width: 346.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">172</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">175</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">161</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">163</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.139px; width: 106.289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FINANCIAL ASSETS</span></span></span><span style=\"display:inherit;clear:left;\">Long-term financial receivables amounted to \u20ac102 million, recording a decrease of \u20ac16 million compared to 31 December </span><span style=\"display:inherit;clear:left;\">2022, mainly due to the partial repayment by OL<span class=\"_ _11\"></span>T of the principal of the existing shareholder loan. </span><span style=\"display:inherit;clear:left;\">Minority equity investments valued at FV<span class=\"_ _0\"></span>TOCI (\u20ac50 million) essentially relate to the valuation of the shares held by Snam in </span><span style=\"display:inherit;clear:left;\">the capital of: (i) T<span class=\"_ _1\"></span>erminale GNL Adriatico S<span class=\"_ _0\"></span>.r<span class=\"_ _c\"></span>.l. (7.3% share) for \u20ac24 million (\u20ac27 million at 31 December 2022); (ii) Storegga </span><span style=\"display:inherit;clear:left;\">Limited (5.02% share) for \u20ac14 million (\u20ac10 million at 31 December 2022); (iii) ITM Power PL<span class=\"_ _1\"></span>C (2.072% share) for \u20ac9 million </span><span style=\"display:inherit;clear:left;\">(\u20ac13 million at 31 December 2022). </span><span style=\"display:inherit;clear:left;\">The changes that occurred during the year<span class=\"_ _1\"></span>, with reference to investments valued at F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TOCI, are analysed as follows: </span><span style=\"display:inherit;clear:left;\">(million euros<span class=\"_ _c\"></span>)</span><span style=\"display:inherit;clear:left;\">Value at 31.12.2022<span class=\"_ _3c6\"> </span>52</span><span style=\"display:inherit;clear:left;\">Acquisitions and subscriptions<span class=\"_ _370\"> </span>4</span><span style=\"display:inherit;clear:left;\">Change in fair value recognised in other comprehensiv<span class=\"_ _c\"></span>e income <span class=\"_ _12e\"> </span>(3)</span><span style=\"display:inherit;clear:left;\">Disposals and redemptions<span class=\"_ _3c7\"> </span>(4)</span><span style=\"display:inherit;clear:left;\">Other changes<span class=\"_ _3c8\"> </span>1</span><span style=\"display:inherit;clear:left;\">Value at 31.12.2023<span class=\"_ _3c6\"> </span>50</span><span style=\"display:inherit;clear:left;\">12) <span class=\"_ _35\"> </span>CURRENT <span class=\"_ _c\"></span>AND NON-CURRENT INVENTORIES <span class=\"_ _1\"></span>AND THIRD-P<span class=\"_ _1\"></span>ARTY<span class=\"_ _c\"></span> NA<span class=\"_ _11\"></span>TURAL GAS </span><span style=\"display:inherit;clear:left;\">IN STORAGE </span><span style=\"display:inherit;clear:left;position:relative;height:197.115234375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 391.078px; top: 0.0078125px; width: 264.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 143.385px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.6641px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 383.781px; top: 26.3359px; width: 73.1074px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision f</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">or </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 587.922px; top: 26.3359px; width: 73.1074px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision f</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">or </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 337.469px; top: 33.0703px; width: 35.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Gross </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 493.109px; top: 33.0859px; width: 24.293px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Net </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 542.359px; top: 33.0859px; width: 35.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Gross </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 696.875px; top: 33.1016px; width: 24.293px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Net </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 391.078px; top: 39.8359px; width: 66.457px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">impairment </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 596.281px; top: 39.8359px; width: 66.457px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">impairment </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 338.5px; top: 46.5703px; width: 31.1074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">value</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 484.25px; top: 46.5859px; width: 31.1074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">value</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 544.016px; top: 46.5859px; width: 31.1074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">value</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 688.844px; top: 46.6016px; width: 31.1074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">value</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 420.406px; top: 53.3359px; width: 34.1074px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">losses</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 625.281px; top: 53.3359px; width: 34.1074px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">losses</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 80.2324px; width: 718.652px; white-space: pre; word-spacing: 0px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Raw materials, c</span><span style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">onsumables and finished goods</span><span style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: 0px; width: 108.023px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">848</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(15)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">833</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">787</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(15)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.6835px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">772</span></span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 106.561px; width: 718.875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Finished products and goods</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 184.172px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,403</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(34)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,369</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.5195px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">2,072</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.9199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(34)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,038</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.873px; width: 718.664px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal current inventories</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 206.092px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,251</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(49)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,202</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,859</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(49)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.6875px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,810</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.186px; width: 719.133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal non-current inventories - Compulsory inventories</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.4531px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">363</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 123.75px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">363</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">363</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.4px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">363</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 185.498px; width: 718.67px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL CURRENT AND NON-CURRENT INVENT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ORIES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.6991px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,614</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(49)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,565</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,222</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(49)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.6875px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,173</span></span></span><span style=\"display:inherit;clear:left;\">Current inventories (\u20ac2,810 million, net of the provision for impairment losses) include purchases that are made to </span><span style=\"display:inherit;clear:left;\">implement the following Authority resolutions: (i) resolution 165/2022/R/Gas, which provided for the procurement by </span><span style=\"display:inherit;clear:left;\">Snam Rete Gas of volumes to cover system gas and gas for technical consumption of the storages (approximately 0.4 </span><span style=\"display:inherit;clear:left;\">billion cubic metres for a total value of \u20ac524 million at 31 December 2023); (ii) resolutions 274/2022/R/Gas and 3/2023/R/</span><span style=\"display:inherit;clear:left;\">Gas, which defined the provisions for the last resort filling service (approximately 1.4 billion cubic metres for a total value </span><span style=\"display:inherit;clear:left;\">of \u20ac2,010 million at 31 December 2023). </span><span style=\"display:inherit;clear:left;\">The value of the inventories of gas purchased against these resolutions is offset, for the same amount, by financial </span><span style=\"display:inherit;clear:left;\">23</span><span style=\"display:inherit;clear:left;\">statement liabilities</span><span style=\"display:inherit;clear:left;\">.</span><span style=\"display:inherit;clear:left;\">The provision for impairment losses mainly relates to the write-down (\u20ac30 million), made in 2014, of 0.4 billion cubic </span><span style=\"display:inherit;clear:left;\">metres of natural gas used in storage activities for strategic gas unduly withdrawn by some service users during 2010 and </span><span style=\"display:inherit;clear:left;\">24</span><span style=\"display:inherit;clear:left;\">2011</span><span style=\"display:inherit;clear:left;\">.</span><span style=\"display:inherit;clear:left;\">Non-current inventories consist of the minimum quantities of natural gas that storage companies are obliged to hold </span><span style=\"display:inherit;clear:left;\">pursuant to Presidential Decree 22 of 31 January 2001 (so-called 'compulsor<span class=\"_ _0\"></span>y stocks'). </span><span style=\"display:inherit;clear:left;\">The quantities of gas in storage, corresponding to approximately 4.5 billion standard cubic metres of natural gas, are </span><span style=\"display:inherit;clear:left;\">25</span><span style=\"display:inherit;clear:left;\">determined annually by Ministry of Business and Made in Italy (ex the Ministr<span class=\"_ _0\"></span>y of Economic Development)</span><span style=\"display:inherit;clear:left;\">.</span><span style=\"display:inherit;clear:left;\">No collateral is pledged on inventories. There are no inventories pledged as security for liabilities, nor are any inventories </span><span style=\"display:inherit;clear:left;\">carried at net realisable value. </span><span style=\"display:inherit;clear:left;\">12.1 <span class=\"_ _85\"> </span>Third-party natural gas in storage</span><span style=\"display:inherit;clear:left;\">Risks for third-party assets held in storage, amounting to \u20ac3,302 million (\u20ac9,574 million at 31 December 2022), relate to </span><span style=\"display:inherit;clear:left;\">approximately 7.5 billion cubic metres of natural gas stored in storage facilities by customers benefiting from the service. </span><span style=\"display:inherit;clear:left;\">The amount was determined by valuing the stored gas quantities at the assumed unit repurchase cost of approximately </span><span style=\"display:inherit;clear:left;\">\u20ac0.44 per standard cubic metre (\u20ac 1.32 per standard cubic metre at 31 December 2022).</span><span style=\"display:inherit;clear:left;\">23 <span class=\"_ _94\"> </span>For gas inventories, liabilities of equal amounts were recognised, representing the Company's obligation to the regulator on the use of gas (resolution </span><span style=\"display:inherit;clear:left;\">165/2022/R/gas, \u20ac524m) and on the retrocession of the amounts obtained from the sale of the relative quantities of gas (resolution 274/2022/R/Gas, </span><span style=\"display:inherit;clear:left;\">\u20ac2,062m, including \u20ac52m relating to the amounts deriving from sales made at the end of the year and not yet returned to CSEA ).  </span><span style=\"display:inherit;clear:left;\">24 <span class=\"_ _94\"> </span>For more information on the developments of ongoing legal proceedings, please refer to Note 27.3.2 'Recovery of claims against storage system users'. </span><span style=\"display:inherit;clear:left;\">25 <span class=\"_ _94\"> </span>On 3 March 2023, the Ministry of the Environment and Energy Security confirmed the total volume of strategic storage for the contract year 2023-2024 </span><span style=\"display:inherit;clear:left;\">(1 April 2023 - 31 March 2024) at 4.62 billion cubic metres, or approximately 48,846 Giga Watt<span class=\"_ _1\"></span>-hours - GWh, unchanged from the thermal year 2022-2023 </span><span style=\"display:inherit;clear:left;\"><span><span style=\"display:inherit;clear:left;\">(1 April 2022 - 31 March 2023).</span></span> </span><span style=\"display:inherit;clear:left;\">13) <span class=\"_ _2a\"> </span>OTHER <span class=\"_ _2\"></span>CURRENT AND <span class=\"_ _0\"></span>NON-CURRENT ASSETS<span class=\"ws1\"> </span></span><span style=\"display:inherit;clear:left;position:relative;height:315.208984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 391.172px; top: 0.0078125px; width: 264.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 143.385px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 19.9141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 420.344px; top: 26.3359px; width: 27.5098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 623.328px; top: 26.3516px; width: 27.5098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 335.531px; top: 33.0859px; width: 44.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 485.656px; top: 33.0859px; width: 97.5586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.7012px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 690.875px; top: 33.1016px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 404.953px; top: 39.8359px; width: 42.6035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 609.484px; top: 39.8516px; width: 42.6035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">current</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.748px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">V</span><span style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T credits</span><span style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: 0px; width: 308.807px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.022px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">31</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.566px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31</span></span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0605px; width: 718.717px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Deferred charges</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 270.598px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">22</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">15</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">30</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.373px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assets arising from contracts with customers</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 120.99px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">22</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.566px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">22</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">28</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.566px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">28</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.686px; width: 718.881px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regulatory assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 268.395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">42</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">74</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">116</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">18</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 172.014px; width: 718.74px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Security deposits</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 340.02px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.566px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">18</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">18</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.326px; width: 719.033px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Market value of cash flo</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">w hedge derivatives</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 133.945px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.6154px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">4</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 224.639px; width: 718.875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other tax credits</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 272.971px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">72</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">89</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">129</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">243</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">372</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 250.951px; width: 718.893px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which: Ecobonus/Sismabonus Credits </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.945px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">72</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">85</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">102</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">243</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">345</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 277.264px; width: 718.816px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 332.578px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">24</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 303.592px; width: 718.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL O</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">THER CURRENT AND NON-CURRENT A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">SSETS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">136</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">178</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">314</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">222</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">281</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">503</span></span></span><span style=\"display:inherit;clear:left;\">Assets arising from the mark-to-market valuation of financial derivatives for cash flow hedges refer to: (i) 4 Interest Rate </span><span style=\"display:inherit;clear:left;\">Swap (IRS) derivative contracts, used to hedge the risk of interest rate fluctuations against a debenture loan and variable-</span><span style=\"display:inherit;clear:left;\">rate bank loans (\u20ac3 million). Through derivative contracts, variable-rate liabilities are converted into fixed-rate liabilities </span><span style=\"display:inherit;clear:left;\">from the effective date of the contract; (ii) 2 Over The Counter (O<span class=\"_ _c\"></span>TC) commodity derivative contracts, used to hedge the </span><span style=\"display:inherit;clear:left;\">risk of fluctuations in the price of natural gas and electricity (\u20ac1 million), related to the biomethane business.</span><span style=\"display:inherit;clear:left;\">The fair value of hedging derivative contracts, as well as the classification between current and non-current assets/</span><span style=\"display:inherit;clear:left;\">liabilities, were determined on the basis of valuation models commonly used in the financial sector and on market </span><span style=\"display:inherit;clear:left;\">parameters at the end of the period.</span><span style=\"display:inherit;clear:left;\">Information on the risks that are hedged by financial derivatives and the policies adopted by the company to hedge </span><span style=\"display:inherit;clear:left;\">against those risks can be found in Note 27.5 'Financial Risk Management - F<span class=\"_ _c\"></span>air Value of Financial Instruments<span class=\"_ _c\"></span>'.</span><span style=\"display:inherit;clear:left;\">Deferred charges (\u20ac30 million) mainly relate to up-front fees and substitute tax on revolving credit lines (\u20ac 17 million<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">Security deposits (\u20ac18 million) are paid in support of operating activities and mainly relate to the natural gas </span><span style=\"display:inherit;clear:left;\">transportation sector<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">Assets from contracts with customers (\u20ac28 million) relate to contract work in progress on biogas plants.</span><span style=\"display:inherit;clear:left;\">Other tax credits include Ecobonus/Sismabonus credits relating to energy efficiency projects (\u20ac345 million). The Snam </span><span style=\"display:inherit;clear:left;\">Group, given its large fiscal capacity, plans to use these credits within the time frame provided for by current legislation.</span><span style=\"display:inherit;clear:left;\">14) <span class=\"_ _35\"> </span>CASH <span class=\"_ _c\"></span>AND CASH EQUIV<span class=\"_ _1\"></span>ALENTS</span><span style=\"display:inherit;clear:left;\">Cash and cash equivalents of \u20ac1,382 million (\u20ac1,757 million at 31 December 2022) mainly refer to the Parent Company's </span><span style=\"display:inherit;clear:left;\">current accounts and bank deposits in euro with financial institutions (\u20ac1,209 million), which represent the use of liquidity </span><span style=\"display:inherit;clear:left;\">held for the Group's financial needs, and cash received from subsidiaries (a total of \u20ac173 million<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">The average yield on cash investments is approximately 3.4% andthe investments re not subject to constraints on their </span><span style=\"display:inherit;clear:left;\">use.</span><span style=\"display:inherit;clear:left;\">For an overall analysis of the financial situation and the main cash flows for the year<span class=\"_ _1\"></span>, please refer to the Statement of Cash </span><span style=\"display:inherit;clear:left;\">Flows.</span><span style=\"display:inherit;clear:left;\">15) <span class=\"_ _35\"> </span>TRADE <span class=\"_ _c\"></span>AND OTHER RECEIV<span class=\"_ _1\"></span>ABLES  </span><span style=\"display:inherit;clear:left;position:relative;height:301.662109375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.658px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade receivables, including the provision for bad debts</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 286.418px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,344</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,519</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.723px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for bad debts</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 462.289px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(100)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(160)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal trade receivables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 462.289px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,244</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,359</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 99.2578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other receivables </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 719.145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Other receivables from the Energy and Environmental Services Fund (</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">SEA)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.219px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">260</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">78</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.846px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Advances to suppliers</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 478.219px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 718.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- IRES receivables for national tax consolidation from the former parent compan</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 161.543px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 718.846px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Receivables for contributions from individuals</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 347.397px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 237.42px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Other</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 564.656px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 263.732px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal other receivables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 472.635px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">380</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">146</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.045px; width: 718.664px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL TRADE AND OTHER RE</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">CEIVABLES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.756px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,624</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,505</span></span></span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>rade receivables (\u20ac4,359 million, net of the provision for bad debt) are mainly related to the transportation segment </span><span style=\"display:inherit;clear:left;\">(\u20ac2,738 million, referring mainly to receivables from users for additional components and the default service totalling </span><span style=\"display:inherit;clear:left;\">\u20ac2,003 million and receivables from gas system balancing activities amounting to \u20ac106 million), energy transition (\u20ac1,381 </span><span style=\"display:inherit;clear:left;\">million) and natural gas storage (\u20ac195 million<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>rade receivables include customer receivables related to energy efficiency projects (\u20ac1,208 million) pending conversion </span><span style=\"display:inherit;clear:left;\">into Super-Ecobonus tax credits. The Snam Group, given its large fiscal capacity<span class=\"_ _c\"></span>, plans to use these credits within the time </span><span style=\"display:inherit;clear:left;\">frame provided for by current legislation.</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>rade receivables include receivables related to the storage sector<span class=\"_ _c\"></span>, including the credit for V<span class=\"_ _1\"></span>A<span class=\"_ _c\"></span>T invoiced to users in </span><span style=\"display:inherit;clear:left;\">previous years for the use of strategic gas withdrawn and not restored (\u20ac77 million, unchanged from 31 December </span><span style=\"display:inherit;clear:left;\">26</span><span style=\"display:inherit;clear:left;\">2022)</span><span style=\"display:inherit;clear:left;\">.</span><span style=\"display:inherit;clear:left;\">The fair value measurement of trade and other receivables, with the exception of credits originating from the provision </span><span style=\"display:inherit;clear:left;\">of energy efficiency ser<span class=\"_ _0\"></span>vices included in the so-called superbonus, ecobonus/sismabonus and minor bonuses, does not </span><span style=\"display:inherit;clear:left;\">produce significant effects considering the short period of time between the origination of the receivable and its maturity </span><span style=\"display:inherit;clear:left;\">and the contractual terms. </span><span style=\"display:inherit;clear:left;\">26 <span class=\"_ _94\"> </span>For further details, see Note 27.3.2 \"Recovery of receivables from storage system users\".</span><span style=\"display:inherit;clear:left;\">The provision for bad debt (\u20ac160 million) mainly relates to: (i) receivables arising from the balancing service, in relation </span><span style=\"display:inherit;clear:left;\">to resolution 608/2015/R/gas by which the Authority had ordered the partial recognition, for the gas balancing manager </span><span style=\"display:inherit;clear:left;\">(Snam Rete Gas), of uncollected receivables relating to the period from 1 December 2011 to 23 October 2012 (\u20ac70 million, </span><span style=\"display:inherit;clear:left;\">27</span><span style=\"display:inherit;clear:left;\">including related interest)</span><span style=\"display:inherit;clear:left;\">; (ii) trade receivables related to the energy efficiency business, against a significant increase </span><span style=\"display:inherit;clear:left;\">(+73%) in customer receivables, mainly attributable to the redevelopment and recovery of residential buildings (\u20ac59 </span><span style=\"display:inherit;clear:left;\">million), in order to reflect the risk that some credits deriving from the superbonus are not transformed into tax credits..</span><span style=\"display:inherit;clear:left;\">Other receivables from CSEA mainly refer to receivables for the interruptibility ser<span class=\"_ _0\"></span>vice (\u20ac57 million) and output-based </span><span style=\"display:inherit;clear:left;\">incentives (\u20ac12 million) of Snam Rete Gas. </span><span style=\"display:inherit;clear:left;\">There are no receivables in currencies other than the euro. </span><span style=\"display:inherit;clear:left;\">Receivables from related parties are indicated in Note 37 'T<span class=\"_ _c\"></span>ransactions with related parties'. </span><span style=\"display:inherit;clear:left;\"><span><span style=\"display:inherit;clear:left;\">Specific information on credit risk is provided in Note 27.3 'Financial risk management - Credit risk'.</span></span> </span><span style=\"display:inherit;clear:left;\">16) <span class=\"_ _35\"> </span>CURRENT <span class=\"_ _c\"></span>AND NON-CURRENT INCOME T<span class=\"_ _1\"></span>AX <span class=\"_ _1\"></span>ASSETS/LIABILITIES  </span><span style=\"display:inherit;clear:left;position:relative;height:196.396484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Receivables from the tax authorities for IRES (corporation tax)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 259.06px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">47</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.74px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Receivables from the tax authorities for IRAP (regional trade income tax)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.898px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 719.004px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL CURRENT INC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OME T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">X ASSETS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 390.045px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 719.08px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Pa</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yables to the tax authorities for IRES (corporation tax)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 286.945px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (43)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 719.08px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Pa</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yables to the tax authorities for IRAP (regional trade income tax)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 229.183px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 85.1659px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (9)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.676px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Other tax liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 482.43px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (14)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 718.676px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL CURRENT INC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OME T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">X LIABILITIES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.756px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (21)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 76.8517px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (53)</span></span></span><span style=\"display:inherit;clear:left;\">Current income tax liabilities (\u20ac53 million) mainly refer to the liability for current tax<span class=\"_ _c\"></span>es accrued in 2023, relating to Snam </span><span style=\"display:inherit;clear:left;\">S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. and its subsidiaries, net of advances paid. </span><span style=\"display:inherit;clear:left;\">In relation to activities of a fiscal nature, it should be noted that, since the Group constantly invests in Research and </span><span style=\"display:inherit;clear:left;\">Development and T<span class=\"_ _1\"></span>echnological Innovation activities, subsequent to the end of the current financial year, the calculations </span><span style=\"display:inherit;clear:left;\">relating to the tax credit accrued on an accrual basis pursuant to Law no. 160/2019, paragraphs 198-207, as amended </span><span style=\"display:inherit;clear:left;\">by Law no. 178/2020 and Law no. 234/2021, will be finalised, and the preparation of the documentation supporting this </span><span style=\"display:inherit;clear:left;\">credit (so-called documentary expenses) will be completed. At the time of preparation of this document, no estimate of </span><span style=\"display:inherit;clear:left;\">the amount of this tax credit was available.</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>axes for the year are illustrated in Note 34 'Income T<span class=\"_ _c\"></span>axes', to which reference is made.</span><span style=\"display:inherit;clear:left;\">27 <span class=\"_ _94\"> </span>Pursuant to the provisions of resolution 608/2015/R/gas, the Company set aside a provision for bad debts of approximately \u20ac125 million, of which \u20ac35 </span><span style=\"display:inherit;clear:left;\">million was then released following the Council of State ruling of 5 March 2020. During the financial year 2021, \u20ac20 million was written off due to the </span><span style=\"display:inherit;clear:left;\">conclusion of bankruptcy proceedings concerning a user. At 31 December 2023, the value of the provision for bad debt amounted to \u20ac70 million (the </span><span style=\"display:inherit;clear:left;\">same as at 31 December 2022) and related to balancing receivables owing to the Company from certain customers with whom bankruptcy proceedings </span><span style=\"display:inherit;clear:left;\">are in progress.</span><span style=\"display:inherit;clear:left;\">17) <span class=\"_ _35\"> </span>CURRENT <span class=\"_ _c\"></span>AND NON-CURRENT FINANCIAL LIABILITIES</span><span style=\"display:inherit;clear:left;position:relative;height:402.740234375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 305.969px; top: 0.0078125px; width: 321.926px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 201.058px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 226.281px; top: 26.3359px; width: 47.2617px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 486.812px; top: 26.3359px; width: 47.2617px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 325.641px; top: 33.0859px; width: 72.9844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-current </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 586.375px; top: 33.1016px; width: 72.9844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-current </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 223.703px; top: 39.8359px; width: 52.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">financial </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 485.359px; top: 39.8359px; width: 52.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">financial </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 307.156px; top: 46.5859px; width: 105.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">financial liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 569.406px; top: 46.6016px; width: 105.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">financial liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 220.844px; top: 53.3359px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 482.531px; top: 53.3359px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 1.10938px; top: 149.43px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.10938px; top: 246.045px; width: 721.225px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Debenture loans</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 172.319px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">757</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,527</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.9433px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,173</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.2344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8,700</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.2344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">9,457</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,217</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.60938px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.4629px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">4,439</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.9433px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,220</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.2344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8,659</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.2344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">9,876</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.10938px; top: 272.373px; width: 720.92px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bank loans</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 161.543px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">150</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9023px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">479</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.8672px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,335</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.3535px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">896</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.9433px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,231</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,860</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.3535px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9023px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">753</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.60938px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.4629px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">1,756</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.3535px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">790</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.2344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,546</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.2344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3,549</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.10938px; top: 298.686px; width: 721.16px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Euro C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ommercial Paper - E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">CP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,128</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 188.397px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,128</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.9433px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">2,679</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.4629px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5859px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,679</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.10938px; top: 324.998px; width: 721.131px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other lenders</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 158.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">200</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">200</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.3535px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">202</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.60938px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 19.6992px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.8262px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.3535px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">505</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.10938px; top: 351.311px; width: 720.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial payables for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.9591px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">18</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2168px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.6875px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">26</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.6875px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">33</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.6835px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.60938px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.5117px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">22</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">35</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.6875px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">43</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 377.623px; width: 206.297px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL CURRENT AND NON-CURRENT </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 211.297px; top: 384.389px; width: 510.182px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,280</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,243</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6,080</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 13.9746px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">5,077</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 8.18554px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.80078px; display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">11,157</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 8.18554px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.80078px; display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">13,680</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 12.9433px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.80078px; display: inline-block;\"> </span></span></span></span><span style=\"display: inline-block;\">2,931</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,981</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.60938px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.0879px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6,717</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5,023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 7.6758px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">11,740</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 8.18554px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.80078px; display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">16,652</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 391.123px; width: 123.006px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FINANCIAL LIABILITIES</span></span></span><span style=\"display:inherit;clear:left;\">17.1 <span class=\"_ _85\"> </span>Short-term financial liabilities <span class=\"_ _a0\"> </span> </span><span style=\"display:inherit;clear:left;\">Short<span class=\"_ _c\"></span>-term financial liabilities, amounting to \u20ac2,931 million, essentially relate to the issue of short-term 'unsecured' </span><span style=\"display:inherit;clear:left;\">securities (Euro Commercial Paper) issued on the money mark<span class=\"_ _c\"></span>et and placed with institutional investors (\u20ac2,679 million) </span><span style=\"display:inherit;clear:left;\">and the use of uncommitted variable-rate bank credit lines (\u20ac250 million).</span><span style=\"display:inherit;clear:left;\">The weighted average interest rate on short<span class=\"_ _c\"></span>-term financial liabilities is 3.86% (0.06% for the financial year 2022). </span><span style=\"display:inherit;clear:left;\">There are no short<span class=\"_ _c\"></span>-term financial liabilities denominated in currencies other than the euro.</span><span style=\"display:inherit;clear:left;\">17.2 <span class=\"_ _85\"> </span>Long-term financial liabilities and short-term portion of long-term financial liabilities</span><span style=\"display:inherit;clear:left;\">Long-term financial liabilities, including the short<span class=\"_ _c\"></span>-term portion of long-term liabilities, amounted to a total of \u20ac13,721 </span><span style=\"display:inherit;clear:left;\">million and consisted of debenture loans (\u20ac9,876 million), bank loans (\u20ac3,299 million<span class=\"_ _c\"></span>), term loans to the parent company </span><span style=\"display:inherit;clear:left;\">Cassa Depositi e Prestiti (\u20ac503 million) and financial payables for leased assets (\u20ac43 million<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">An analysis of the debenture loans, indicating the year of issue, currency, average interest rate and maturity, is shown in </span><span style=\"display:inherit;clear:left;\">the following table.  </span><span style=\"display:inherit;clear:left;position:relative;height:776.04296875px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 244.828px; top: 0.0078125px; width: 50.5488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Nominal </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 319.5px; top: 0.0078125px; width: 50.5488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Nominal </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 474.203px; top: 6.75781px; width: 30.5918px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Issue </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 519.953px; top: 6.75781px; width: 53.1035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Maturity </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 584.547px; top: 6.75781px; width: 62.9297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 659.391px; top: 6.75781px; width: 62.9297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 13.5078px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 259.359px; top: 13.5078px; width: 35.5547px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">alue </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 333.141px; top: 13.5078px; width: 35.5547px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">alue </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 386.328px; top: 13.5078px; width: 48.9199px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e (%)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 470.25px; top: 20.2578px; width: 31.6582px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(year)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 536.578px; top: 20.2578px; width: 33.8203px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(year)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 584.547px; top: 20.2578px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 659.391px; top: 20.2578px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 231.672px; top: 27.0078px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 306.469px; top: 27.0078px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.3359px; width: 189.996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Euro Medium T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">erm Notes (EM</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TN)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 78.9512px; width: 718.887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 3.25% (a)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.316px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">365</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">365</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2014</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">375</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">376</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 102.717px; width: 644.338px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 1.50% (a) (b</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 172.764px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">155</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 112.23px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2014</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">157</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 126.482px; width: 644.514px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 1.375% (a)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 182.455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">140</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 112.629px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.375</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2015</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">137</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 150.264px; width: 718.828px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 0.875%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.773px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.875</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2016</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2026</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.7071px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,248</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,249</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 174.029px; width: 718.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 1.250% (a)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 182.455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">267</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">267</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2017</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">269</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">270</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 197.811px; width: 718.934px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Floating Bond (c)   </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 170.531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">106</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">106</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.836</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2017</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">106</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">107</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 221.576px; width: 718.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 1.375% (a)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 182.455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">553</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">553</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0.36px; letter-spacing: -0.36px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1.375</span><span style=\"word-spacing: 0.36px; letter-spacing: -0.36px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.77734px; display: inline-block;\"> </span></span></span></span><span style=\"display: inline-block;\">2017</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2027</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">552</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">552</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 245.342px; width: 644.279px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 1.000% (a) (d)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 165px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">423</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 112.23px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.000</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2018</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">425</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 269.123px; width: 718.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1.250% Bond (Climat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e Action Bond)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2019</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">501</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 292.889px; width: 718.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 1.625%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 199.477px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.625</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2019</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2030</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">252</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">252</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 316.67px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 0%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 222.486px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">700</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">700</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2019</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">699</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">700</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 340.436px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 1%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 222.486px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">600</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">600</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.000</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2019</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2034</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">592</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">593</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 364.217px; width: 718.916px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 0.75% (Transition bond)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.750</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2020</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2030</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">499</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 387.982px; width: 718.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 0% (Transition bond)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.539px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">600</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">600</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2020</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2028</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">597</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">598</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 411.748px; width: 718.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 0% (Transition bond)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.539px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 435.529px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 0.75% (Transition bond) - T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AP (e)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.5196px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.750</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2030</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">258</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">257</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 459.295px; width: 718.904px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 0.625% (Transition bond)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.172px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.625</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2031</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">495</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">496</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 483.076px; width: 144.018px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 0.75% (Dual tranche </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 272.641px; top: 489.826px; width: 447.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">850</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">850</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.750</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2029</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">846</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">847</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 496.576px; width: 148.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Sustainability-Linked Bond)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 520.342px; width: 144.018px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 1.25% (Dual tranche </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 272.641px; top: 527.092px; width: 447.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">650</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">650</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2034</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">651</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">651</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 533.842px; width: 148.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Sustainability-Linked Bond)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 557.607px; width: 175.066px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 3.375% (T</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">axonom</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y-Aligned </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 272.641px; top: 564.373px; width: 447.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">300</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">300</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.375</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2026</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">299</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">299</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 571.107px; width: 85.8633px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransition Bond)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 594.889px; width: 176.941px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 4% (EU T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">axonomy-Aligned </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 346.719px; top: 601.639px; width: 373.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">650</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4.000</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2029</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.795px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">644</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 608.389px; width: 89.7012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransition Bond)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 632.154px; width: 718.998px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal Euro Medium T</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">erm Notes (EMTN)</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">9,459</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,391</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 248.326px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,457</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,392</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 655.936px; width: 196.992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 3.250% (EU tax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">onomy-aligned </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 346.719px; top: 662.686px; width: 373.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2028</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.795px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">484</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 669.436px; width: 151.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">conv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ertible transition bond)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 693.201px; width: 718.852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL DEBENTURE L</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OANS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.52px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,459</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,891</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 248.326px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,457</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,876</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 722.051px; width: 203.162px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(a) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 8.70705px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Liability Management 2022 debenture loans.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 733.301px; width: 633.914px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(b) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 7.6758px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Debenture loan re-opened in Januar</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y 2015 for an incremental amount of \u20ac250 million with interest rate and maturity similar to the original placement.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 744.551px; width: 506.953px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(c) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.0879px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Floating rate debenture loan, conv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">erted to a fixed rat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e through an Interest Rate Swap (IRS) hedging derivative contract.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 755.801px; width: 644.291px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(d) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 7.6758px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Debenture loan re-opened in November 2018 for an incremental amount of \u20ac300 million with interest rate and maturity similar to the original placement.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 767.051px; width: 120.17px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(e) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 8.18554px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">True-up debenture loan.</span></span></span><span style=\"display:inherit;clear:left;\">There are no long-term bank loans denominated in currencies other than the euro.</span><span style=\"display:inherit;clear:left;\">The weighted average interest rate on drawn bank loans (excluding EIB loans) is 2.36% (0.36% for the financial year 2022). </span><span style=\"display:inherit;clear:left;\">The average maturity on long-term financial liabilities is 5.0 years (5.4 years for financial year 2022).</span><span style=\"display:inherit;clear:left;\">There are no breaches of clauses related to the financing contracts.</span><span style=\"display:inherit;clear:left;\">Snam also has undrawn committed credit lines totalling \u20ac6.2 billion.</span><span style=\"display:inherit;clear:left;\">Financial covenants and negative pledge contractual clauses  </span><span style=\"display:inherit;clear:left;\">At 31 December 2023, Snam had unsecured bilateral and syndicated loan agreements in place with banks and other </span><span style=\"display:inherit;clear:left;\">financial institutions.</span><span style=\"display:inherit;clear:left;\">Some of these agreements require, inter alia, compliance with commitments typical of international practice, some of </span><span style=\"display:inherit;clear:left;\">which are subject to specific materiality thresholds, such as: (i) negative pledge commitments under which Snam and its </span><span style=\"display:inherit;clear:left;\">subsidiaries are subject to limitations on the creation of security interests or other liens over all or part of their respective </span><span style=\"display:inherit;clear:left;\">assets, shares or commodities; (ii) pari passu and change of control clauses; (iii) limitations on certain extraordinary </span><span style=\"display:inherit;clear:left;\">transactions that the company and its subsidiaries may carry out; (iv) limits on the indebtedness of subsidiaries.</span><span style=\"display:inherit;clear:left;\">F<span class=\"_ _c\"></span>ailure to comply with these covenants, as well as the occurrence of other events, such as cross-default events, may result </span><span style=\"display:inherit;clear:left;\">in a default by Snam and, possibly, may cause the related loan to become due in advance. Exclusively for the EIB loans, </span><span style=\"display:inherit;clear:left;\">the lender has the option to request additional guarantees if Snam's rating is lower than BBB (Standard &amp; P<span class=\"_ _c\"></span>oor's/Fitch) or </span><span style=\"display:inherit;clear:left;\">lower than Baa2 (Moody's), with at least two of the three rating agencies.</span><span style=\"display:inherit;clear:left;\">The occurrence of one or more of the aforementioned scenarios could have negative effects on Snam Group's results, </span><span style=\"display:inherit;clear:left;\">financial position and cash flow, resulting in additional costs and/or liquidity issues.</span><span style=\"display:inherit;clear:left;\">At 31 December 2023, financial payables subject to these restrictive clauses amounted to approximately \u20ac3.8 billion.</span><span style=\"display:inherit;clear:left;\">Bonds issued by Snam at 31 December 2023, with a nominal value of approximately \u20ac9.9 billion, mainly referred to </span><span style=\"display:inherit;clear:left;\">securities issued under the Euro Medium T<span class=\"_ _1\"></span>erm Notes programme. The covenants established for the programme's </span><span style=\"display:inherit;clear:left;\">securities are typical of international market practice and consist of<span class=\"_ _1\"></span>, inter alia, negative pledge and pari passu clauses. </span><span style=\"display:inherit;clear:left;\">Specifically, under the negative pledge clause, Snam and its material subsidiaries are subject to limitations to pledging or </span><span style=\"display:inherit;clear:left;\">maintaining encumbrances on all or part of their assets or proceeds to guarantee present or future debt, unless this is </span><span style=\"display:inherit;clear:left;\">explicitly permitted.</span><span style=\"display:inherit;clear:left;\">17.3 <span class=\"_ _85\"> </span>Analysis of net financial debt</span><span style=\"display:inherit;clear:left;\">An analysis of net financial debt with evidence of related party transactions is shown in the table below: </span><span style=\"display:inherit;clear:left;position:relative;height:423.85546875px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.0293px; width: 718.928px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">A. + B. Cash and cash equivalents</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 408.656px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,757</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,382</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 51.498px; width: 176.473px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">C. Other current financial assets </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 76.9668px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">D. Liquidity (A + B + C)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 463.342px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,757</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,382</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 102.42px; width: 513.809px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">E. Current financial debt (including debt instruments, but excluding the current portion of non-</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 586.75px; top: 109.186px; width: 132.082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,280</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,931</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 115.92px; width: 121.119px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">current financial debt)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 141.404px; width: 718.869px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">F</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. Current portion of non-current financial debt (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 314.924px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,243</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,981</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 168.467px; width: 718.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">G. Current financial debt (E + F)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 412.455px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,523</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,912</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 195.529px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of which with related parties</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 458.831px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 220.982px; width: 718.6px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">H. Net current financial debt (G - D</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 401.67px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">766</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,530</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 246.451px; width: 718.664px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">I. Non-current financial debt (excluding current portion and debt instruments) (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.506px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,457</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,081</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 271.92px; width: 718.816px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">J. Debt instruments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 479.355px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8,700</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8,659</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 297.373px; width: 218.197px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">K. Trade and other non-current pa</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yables</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 322.842px; width: 718.98px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">L. Non-current financial debt (I + J + K)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 366.662px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11,157</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11,740</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 348.311px; width: 718.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of which with related parties</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 445.294px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">200</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 373.764px; width: 718.658px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">M. T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal financial debt (H + L) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 414.082px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11,923</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15,270</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 403.613px; width: 717.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.61134px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">They include financial payables for leased assets recognised in accordance with IFRS 16 'Leases', of which \u20ac35 million are long-t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">erm and \u20ac8 million are short-term portions of </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 16.4844px; top: 414.863px; width: 118.154px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">long-term financial liabilities.</span></span></span><span style=\"display:inherit;clear:left;\">17.4 <span class=\"_ _85\"> </span>Reconciliation of net financial debt</span><span style=\"display:inherit;clear:left;\">In accordance with the provisions of IAS 7 'Statement of Cash Flows', the monetary and non-monetar<span class=\"_ _0\"></span>y changes in liabilities </span><span style=\"display:inherit;clear:left;\">arising from financing activities and in the assets comprising net financial debt are shown below.  </span><span style=\"display:inherit;clear:left;position:relative;height:287.29296875px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 472.844px; top: 0.0078125px; width: 144.064px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Changes without impacts</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 506.188px; top: 13.5078px; width: 76.5117px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">on cash flo</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ws</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 33.7734px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 389.922px; top: 40.5078px; width: 48.4336px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Changes</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 531.016px; top: 40.1797px; width: 54.5918px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in</span><span style=\"word-spacing: 0px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 455.453px; top: 46.9297px; width: 45.0645px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IFRS 16 </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 610.844px; top: 46.9297px; width: 34.8398px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 306.469px; top: 54.0078px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 398.422px; top: 54.0078px; width: 37.9805px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">in cash </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 539.141px; top: 53.6797px; width: 47.1504px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">scope of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 659.391px; top: 54.0078px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 458.734px; top: 60.4297px; width: 39.0293px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">impact</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 598.781px; top: 60.4297px; width: 43.3711px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">changes</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 404.953px; top: 67.5078px; width: 28.9688px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">flows</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 511.469px; top: 67.1797px; width: 71.5137px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">consolidation</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 94.4043px; width: 718.793px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cash and cash equivalents </span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 197.953px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,757</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (380)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.0312px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,382</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 120.732px; width: 718.986px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Liquidity and financial receivables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 147.035px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,757</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2168px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (380)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.4239px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,382</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 147.045px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Short</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-term financial payables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.223px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,280</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,669</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.0312px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (18)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,931</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 173.357px; width: 718.74px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Long-term financial pa</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yables (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 156.527px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12,367</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,270</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">34</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13,678</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 199.67px; width: 718.904px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial payables for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 159.891px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">33</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (13)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.8358px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">43</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 225.998px; width: 719.039px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Gross financial debt</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 218.145px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13,680</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,926</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.9784px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (7)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">34</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">16,652</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 252.311px; width: 718.863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Net financial debt</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 228.744px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11,923</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,306</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (11)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">33</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15,270</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 278.301px; width: 273.627px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)  Includes the long-term portions of long-term financial payables.</span></span></span><span style=\"display:inherit;clear:left;\">18) <span class=\"_ _35\"> </span>PROVISIONS FOR RISKS <span class=\"_ _c\"></span>AND CHARGES </span><span style=\"display:inherit;clear:left;position:relative;height:565.240234375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 431.953px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 464.125px; top: 26.3359px; width: 27.1348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Uses</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 207.016px; top: 55.3203px; width: 51.3516px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Opening </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 356.328px; top: 57.3047px; width: 51.2812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Increase </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 552.266px; top: 57.3047px; width: 58.9805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 62.0547px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 263.891px; top: 62.0703px; width: 62.4844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provisions </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 211.188px; top: 68.8203px; width: 47.2734px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">balance </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 364.609px; top: 70.8047px; width: 42.5801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for the </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 561.5px; top: 70.8047px; width: 51.4688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">scope of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 636.516px; top: 68.8203px; width: 34.8398px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 676.938px; top: 68.8203px; width: 45.2168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Closing </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 417.531px; top: 77.5547px; width: 118.4px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for c</span><span style=\"word-spacing: 0px; letter-spacing: -0.48px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">osts</span><span style=\"word-spacing: 0px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 14.4551px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for surplus</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 346.719px; top: 84.3047px; width: 61.3008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">passing of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 554.578px; top: 84.3047px; width: 54.3691px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">consolida</span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">-</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 624.562px; top: 82.3203px; width: 43.3711px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">changes</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 678.797px; top: 82.3203px; width: 43.9102px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">balance </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 378.062px; top: 97.8047px; width: 26.1504px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">time</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 587.859px; top: 97.8047px; width: 21.2285px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tion</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 124.701px; width: 169.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for decommissioning </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 235.656px; top: 131.451px; width: 484.107px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">713</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 135.264px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (7)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 138.012px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (228)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">498</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 138.201px; width: 107.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and site restoration</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 164.529px; width: 718.676px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for legal disputes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.879px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">16</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 195.539px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 168.926px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">21</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 190.842px; width: 718.875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for tax litigation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 107.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 195.539px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 168.926px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">11</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 217.154px; width: 718.746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other funds </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 173.285px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">49</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (18)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 241.266px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">44</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 243.482px; width: 167.777px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL PR</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OVISIONS FOR RISKS </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 235.656px; top: 250.232px; width: 483.891px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">782</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">35</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (25)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (10)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.8358px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (228)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">574</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 256.982px; width: 79.8398px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">AND CHARGES</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 431.953px; top: 305.555px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 464.125px; top: 330.602px; width: 27.1348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Uses</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 356.328px; top: 360.305px; width: 51.2812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Increase </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 552.266px; top: 360.305px; width: 58.9805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 365.711px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 215.125px; top: 372.445px; width: 44.2852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Opeing </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 364.609px; top: 373.805px; width: 42.5801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for the </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 561.5px; top: 373.805px; width: 51.4688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">scope of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 636.516px; top: 372.461px; width: 34.8398px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 676.938px; top: 372.461px; width: 45.2168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Closing </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 265.688px; top: 379.211px; width: 62.4844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provisions </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 417.531px; top: 380.555px; width: 118.4px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for c</span><span style=\"word-spacing: 0px; letter-spacing: -0.48px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">osts</span><span style=\"word-spacing: 0px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 14.4551px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for surplus</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 211.188px; top: 385.945px; width: 44.3906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">balance</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 346.719px; top: 387.305px; width: 61.3008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">passing of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 554.578px; top: 387.305px; width: 54.3691px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">consolida</span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">-</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 624.562px; top: 385.961px; width: 43.3711px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">changes</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 678.797px; top: 385.961px; width: 43.9102px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">balance </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 378.062px; top: 400.805px; width: 26.1504px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">time</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 587.859px; top: 400.805px; width: 21.2285px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tion</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 426.436px; width: 169.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for decommissioning </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 235.656px; top: 433.186px; width: 483.627px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">498</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 135.264px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">18</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.7071px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 138.012px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">565</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 439.936px; width: 107.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and site restoration</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 464.982px; width: 718.998px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for legal disputes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.879px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.082px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.412px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">20</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 490.029px; width: 718.682px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for tax litigation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 100.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.6154px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 381.855px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">18</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 515.076px; width: 719.104px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other funds </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 173.285px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">44</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.086px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(11)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 241.904px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">60</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 540.123px; width: 167.777px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL PR</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OVISIONS FOR RISKS </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 235.656px; top: 546.873px; width: 483.885px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">574</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">38</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">18</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(14)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.256px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">663</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 553.623px; width: 79.8398px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">AND CHARGES</span></span></span><span style=\"display:inherit;clear:left;\">The provision for decommissioning and site restoration (\u20ac565 million) includes the estimated, discounted costs that will be </span><span style=\"display:inherit;clear:left;\">incurred for the removal of structures and site restoration, referring mainly to the storage (\u20ac455 million) and natural gas </span><span style=\"display:inherit;clear:left;\">28</span><span style=\"display:inherit;clear:left;\">transportation</span><span style=\"display:inherit;clear:left;\"> (\u20ac79 million) sectors. The discounting was carried out using the rate corresponding to the yields of Euro </span><span style=\"display:inherit;clear:left;\">Area Corporate Bonds with an '<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>A<span class=\"_ _1\"></span>' rating. The rate determined in this way is between 3% and 3.3%. </span><span style=\"display:inherit;clear:left;\">The final maturity in chronological order for disbursements related to the decommissioning and restoration of storage </span><span style=\"display:inherit;clear:left;\">sector sites refers to the Bordolano concession, in the year 2041. </span><span style=\"display:inherit;clear:left;\">Other changes (\u20ac50 million) mainly refer to the effects of the reduction in expected discount rates, mainly related to the </span><span style=\"display:inherit;clear:left;\">natural gas storage and transportation sector<span class=\"_ _1\"></span>.  </span><span style=\"display:inherit;clear:left;\">Other provisions for risks and charges (\u20ac60 million) mainly relate to: (i) the estimated charges that the Group<span class=\"_ _c\"></span>'s insurance </span><span style=\"display:inherit;clear:left;\">company, Gasrule Insurance DA<span class=\"_ _c\"></span>C, expects to incur for insured claims (\u20ac24 million); (ii) the provision for estimated probable </span><span style=\"display:inherit;clear:left;\">tax liabilities (\u20ac7 million); (iii) the redundancy fund (\u20ac6 million). </span><span style=\"display:inherit;clear:left;\">29</span><span style=\"display:inherit;clear:left;\">The sensitivity</span><span style=\"display:inherit;clear:left;\"> on the discount rate represents the change in the value of the liability that is obtained with the year-end </span><span style=\"display:inherit;clear:left;\">valuation data, by varying the discount rate, subject to the other assumptions. </span><span style=\"display:inherit;clear:left;position:relative;height:64.818359375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 642.457px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 428.355px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ariation discount r</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ate</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 489.109px; top: 26.8887px; width: 230.039px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">10% reduction</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.1991px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10% increase</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in provision for decommissioning and sit</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e restoration at 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 147.035px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">28</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 127.775px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(26)</span></span></span><span style=\"display:inherit;clear:left;\">19) <span class=\"_ _35\"> </span>DEFERRED T<span class=\"_ _1\"></span>AX LIABILITIES/ASSETS  </span><span style=\"display:inherit;clear:left;position:relative;height:170.083984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.857px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Deferred tax liabilities, before offsetting</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 375.262px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">128</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">141</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.734px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Offsetting with deferred tax assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 401.67px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (77)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (82)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 719.062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">DEFERRED T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">X LIABILITIES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 451.301px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">51</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">59</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.834px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Deferred tax assets, before offsetting</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 379.56px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (408)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (457)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Offsettable deferred tax liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.142px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">77</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">82</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.869px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">DEFERRED T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">X ASSETS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 455.321px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (331)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.5585px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (375)</span></span></span><span style=\"display:inherit;clear:left;\">28 <span class=\"_ _94\"> </span>The costs refer to the estimated costs for the removal of the connection works to the Livorno LNG regasification terminal - OL<span class=\"_ _1\"></span>T Offshore LNG T<span class=\"_ _1\"></span>oscana. </span><span style=\"display:inherit;clear:left;\">29 <span class=\"_ _94\"> </span>For sensitivity purposes, only provisions for risks and charges with a significant accretion discount were considered. </span><span style=\"display:inherit;clear:left;\">Deferred tax liabilities and assets, before offsetting, are analysed below according to the nature of the most significant </span><span style=\"display:inherit;clear:left;\">temporary differences: </span><span style=\"display:inherit;clear:left;position:relative;height:1018.130859375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 431.953px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 707.5px; top: 20.9395px; width: 15.0293px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 647.109px; top: 27.6895px; width: 15.0293px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 283.281px; top: 33.8672px; width: 51.3867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Changes </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 684.266px; top: 34.4395px; width: 38.4141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">which: </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 488.75px; top: 40.6328px; width: 58.9805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 624.562px; top: 41.1895px; width: 38.4141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">which: </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 273.672px; top: 47.3672px; width: 61.0898px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rec</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ognised</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 364.609px; top: 47.3672px; width: 48.0527px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impacts </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 689.156px; top: 47.9395px; width: 33.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IRAP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">, </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 50.6953px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 207.016px; top: 54.1328px; width: 51.3516px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Opening </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 434.75px; top: 54.1328px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 496.766px; top: 54.1328px; width: 51.4688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">scope of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 562.656px; top: 54.1328px; width: 45.2168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Closing </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 631.188px; top: 54.6895px; width: 31.3477px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IRES, </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 300.203px; top: 60.8672px; width: 35.7012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">in the </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 346.719px; top: 60.8672px; width: 65.4844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rec</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ognised </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 673.219px; top: 61.4395px; width: 49.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">regional </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 211.188px; top: 67.6328px; width: 44.3906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">balance</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 421.906px; top: 67.6328px; width: 46.7285px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">changes</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 486.672px; top: 67.6328px; width: 58.6816px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">consolida-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 561.5px; top: 67.6328px; width: 44.3906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">balance</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 624.562px; top: 68.1895px; width: 35.6191px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">cor</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">po</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 291.172px; top: 74.3672px; width: 44.0566px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 359.281px; top: 74.3672px; width: 50.1035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">in equity</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 689.156px; top: 74.9395px; width: 33.4805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">trade </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 522.125px; top: 81.1328px; width: 23.1504px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tion</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 625.625px; top: 81.6895px; width: 37.1309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">ration </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 272.641px; top: 87.8672px; width: 59.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">stat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ement</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 680.219px; top: 88.4395px; width: 42.2402px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 642.453px; top: 95.1895px; width: 17.918px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tax</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 700.469px; top: 101.939px; width: 17.918px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tax</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 122.311px; width: 168.533px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation and amortisation </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 241.672px; top: 129.076px; width: 417.34px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">58</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 335.103px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">58</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">58</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 135.811px; width: 177.498px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">carried out for tax purposes only</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 156.186px; width: 144.65px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Decommissioning and site </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 235.656px; top: 162.951px; width: 233.115px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">119</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.951px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (119)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 169.686px; width: 61.3242px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">restoration</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 190.076px; width: 172.201px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Revaluations of property, plant </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 241.672px; top: 196.826px; width: 476.66px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">34</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.086px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">46</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">44</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 203.576px; width: 75.4453px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">an equipment</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 223.951px; width: 719.145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Capitalisation of financial expenses </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 341.66px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.621px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 244.311px; width: 659.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Write-do</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">wn of excess receivables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 342.129px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.1642px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 264.67px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other temporary differences</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.086px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 285.029px; width: 172.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Deferred tax liabilities, before </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 235.656px; top: 291.795px; width: 484.225px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">230</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.4239px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.895px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (125)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">128</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.5059px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">123</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 298.529px; width: 56.5137px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">offsetting</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 318.92px; width: 144.65px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Decommissioning and site </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 225.344px; top: 325.67px; width: 493.98px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (200)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.139px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">119</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 111.797px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (82)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (70)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (12)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 332.42px; width: 61.3242px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">restoration</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 352.795px; width: 158.953px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-deductible depreciation </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 225.344px; top: 359.545px; width: 494.367px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (203)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (32)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 241.266px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (235)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.8262px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (233)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 366.295px; width: 92.6074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and amortisation</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 386.67px; width: 173.162px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provisions for risks and charges </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 231.672px; top: 393.42px; width: 487.535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (41)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 248.326px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (40)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (39)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 400.17px; width: 184.254px; white-space: pre; word-spacing: 0px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and other non-deductible provisions</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 420.545px; width: 170.883px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-repayable and contractual </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 231.672px; top: 427.295px; width: 487.535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (18)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 248.326px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (17)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (15)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 434.045px; width: 34.8984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">grants</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 454.42px; width: 659.057px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee benefits</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 136.289px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (6)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 145.94px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 178.617px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (4)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 474.779px; width: 718.711px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other temporary differences</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (29)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.3846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (6)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (30)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (24)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (6)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 495.139px; width: 223.752px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Deferred tax assets, before offsetting</span><span style=\"word-spacing: 0px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 30.0234px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 223.752px; top: 495.139px; width: 349.389px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (497)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (37)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.6835px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">122</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.6875px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 573.141px; top: 495.139px; width: 145.852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (408)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.2637px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (385)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (23)</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 431.953px; top: 545.258px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 707.5px; top: 566.189px; width: 15.0293px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 647.109px; top: 572.924px; width: 15.0293px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 283.281px; top: 579.117px; width: 51.3867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Changes </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 684.266px; top: 579.689px; width: 38.4141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">which: </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 488.75px; top: 585.867px; width: 58.9805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 624.562px; top: 586.424px; width: 38.4141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">which: </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 273.672px; top: 592.617px; width: 61.0898px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rec</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ognised</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 364.609px; top: 592.617px; width: 48.0527px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impacts </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 689.156px; top: 593.189px; width: 33.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IRAP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">, </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 595.945px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 207.016px; top: 599.367px; width: 51.3516px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Opening </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 434.75px; top: 599.367px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 496.766px; top: 599.367px; width: 51.4688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">scope of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 562.656px; top: 599.367px; width: 45.2168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Closing </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 631.188px; top: 599.924px; width: 31.3477px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IRES, </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 300.203px; top: 606.117px; width: 35.7012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">in the </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 346.719px; top: 606.117px; width: 65.4844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rec</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ognised </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 673.219px; top: 606.689px; width: 49.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">regional </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 211.188px; top: 612.867px; width: 44.3906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">balance</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 421.906px; top: 612.867px; width: 46.7285px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">changes</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 486.672px; top: 612.867px; width: 58.6816px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">consolida-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 561.5px; top: 612.867px; width: 44.3906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">balance</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 624.562px; top: 613.424px; width: 35.6191px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">cor</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">po</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 291.172px; top: 619.617px; width: 44.0566px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 359.281px; top: 619.617px; width: 50.1035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">in equity</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 689.156px; top: 620.189px; width: 33.4805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">trade </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 522.125px; top: 626.367px; width: 23.1504px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tion</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 625.625px; top: 626.924px; width: 37.1309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">ration </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 272.641px; top: 633.117px; width: 59.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">stat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ement</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 680.219px; top: 633.689px; width: 42.2402px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 642.453px; top: 640.424px; width: 17.918px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tax</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 700.469px; top: 647.189px; width: 17.918px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tax</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 667.561px; width: 168.533px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation and amortisation </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 241.672px; top: 674.311px; width: 473.988px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">58</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">58</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">58</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 681.061px; width: 177.498px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">carried out for tax purposes only</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 701.436px; width: 172.201px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Revaluations of property, plant </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 241.672px; top: 708.186px; width: 477.246px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">46</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.621px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">45</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">43</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 714.936px; width: 75.4453px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">an equipment</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 735.311px; width: 719.174px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Capitalisation of financial expenses </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.1642px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 755.67px; width: 716.238px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Write-do</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">wn of excess receivables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.4531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.621px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 776.045px; width: 719.139px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other temporary differences</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.4531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">29</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">26</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 796.404px; width: 172.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Deferred tax liabilities, before </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 235.656px; top: 803.154px; width: 484.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">128</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.4239px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.4531px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">141</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.5059px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">135</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 809.904px; width: 56.5137px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">offsetting</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 830.279px; width: 144.65px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Decommissioning and site </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 231.672px; top: 837.029px; width: 487.477px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (82)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (87)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.5058px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (74)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (13)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 843.779px; width: 61.3242px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">restoration</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 864.154px; width: 158.953px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-deductible depreciation </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 227.438px; top: 870.92px; width: 491.637px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(235)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (32)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.5059px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(267)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.8262px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (265)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 877.654px; width: 92.6074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and amortisation</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 898.029px; width: 173.162px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provisions for risks and charges </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 231.672px; top: 904.795px; width: 484.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (40)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (12)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.6835px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (52)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (52)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 911.529px; width: 184.254px; white-space: pre; word-spacing: 0px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and other non-deductible provisions</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 931.904px; width: 170.883px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-repayable and contractual </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 231.672px; top: 938.67px; width: 487.307px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (17)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (17)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.5058px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (15)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 945.404px; width: 34.8984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">grants</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 965.779px; width: 715.998px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee benefits</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 136.289px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.7071px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 986.154px; width: 718.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other temporary differences</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (30)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 146.508px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (29)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.5058px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (18)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (11)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 1006.51px; width: 226.822px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Deferred tax assets, before offsetting</span><span style=\"word-spacing: 0px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 33.0938px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 226.822px; top: 1006.51px; width: 401.197px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(408)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(50)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.459px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(457)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.7012px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 628.02px; top: 1006.51px; width: 2.84766px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 630.867px; top: 1006.51px; width: 28.3711px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(429)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 659.238px; top: 1006.51px; width: 37.9688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 697.207px; top: 1006.51px; width: 21.5566px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(28)</span></span></span><span style=\"display:inherit;clear:left;\">20) <span class=\"_ _35\"> </span>LIABILITIES FOR EMPLOYEE BENEFITS </span><span style=\"display:inherit;clear:left;position:relative;height:117.458984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee severance indemnity (TFR)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 402.908px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.951px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Supplementary Healthcare Fund for Executives of Eni C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ompanies (FISDE)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 216.24px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other liabilities - employee benefits related t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o seniority bonuses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 260.303px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL LIABILITIES F</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OR EMPL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OYEE BENEFITS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 351.861px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">28</span></span></span><span style=\"display:inherit;clear:left;\">Liabilities for employee benefits, amounting to \u20ac28 million, were in line with the previous year<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">Employee severance indemnity, governed by Article 2120 of the Italian Civil Code, includes the estimated obligation, </span><span style=\"display:inherit;clear:left;\">determined on the basis of actuarial techniques, related to the amount to be paid to employees upon termination of </span><span style=\"display:inherit;clear:left;\">employment. The indemnity, which is paid in the form of a lump sum, is equal to the sum of allowances calculated on </span><span style=\"display:inherit;clear:left;\">the salary items paid in respect of the employment relationship and revalued up to the time of its termination. Due to </span><span style=\"display:inherit;clear:left;\">legislative changes introduced as of 1 January 2007, for companies with more than 50 employees, a significant portion of </span><span style=\"display:inherit;clear:left;\">the accrued severance indemnity is classified as a defined contribution plan, as the company's obligation is represented </span><span style=\"display:inherit;clear:left;\">solely by the payment of contributions to pension funds, i.e., INPS. The liability relating to post-employment benefits prior </span><span style=\"display:inherit;clear:left;\">to 1 January 2007 continues to represent a defined benefit plan to be measured using actuarial techniques. </span><span style=\"display:inherit;clear:left;\">FISDE includes the estimated costs, determined on an actuarial basis, related to the contributions to be paid for the </span><span style=\"display:inherit;clear:left;\">30</span><span style=\"display:inherit;clear:left;\">benefit of serving</span><span style=\"display:inherit;clear:left;\"> and retired executives.  </span><span style=\"display:inherit;clear:left;\">31</span><span style=\"display:inherit;clear:left;\">FISDE provides supplementary healthcare benefits to Eni Group executives</span><span style=\"display:inherit;clear:left;\"> and retired executives whose last </span><span style=\"display:inherit;clear:left;\">employment relationship was with the Eni Group in an executive capacity. FISDE is financed by the payment: (i) of </span><span style=\"display:inherit;clear:left;\">contributions from member companies; (ii) of contributions from Members for themselves and their families; (iii) from </span><span style=\"display:inherit;clear:left;\">ad hoc contributions for specific benefits. The amount of the liability and the cost of care are determined by taking as a </span><span style=\"display:inherit;clear:left;\">reference for the estimated health care costs paid by the fund the contribution that the company pays to pensioners.</span><span style=\"display:inherit;clear:left;\">The Isopensione fund concerns the employer's costs arising from the application of the implementation agreement, in </span><span style=\"display:inherit;clear:left;\">relation to the pension advance for employees, governed by Article 4, paragraphs 1-7 of Law no. 92/2012 (the so-called </span><span style=\"display:inherit;clear:left;\">'Fornero Law').</span><span style=\"display:inherit;clear:left;\">Seniority bonuses are benefits given upon reaching a minimum period of service in the company and are paid in kind in the </span><span style=\"display:inherit;clear:left;\">form of goods and/or services.</span><span style=\"display:inherit;clear:left;\">30 <span class=\"_ _94\"> </span>For serving executives, contributions are calculated from the year in which the employee retires and refer to the years of service already rendered.</span><span style=\"display:inherit;clear:left;\">31 <span class=\"_ _94\"> </span>The fund provides the same benefits to Snam Group executives.</span><span style=\"display:inherit;clear:left;\">The composition of and changes in liabilities for employee benefits, measured using actuarial techniques, are as follows:  </span><span style=\"display:inherit;clear:left;position:relative;height:357.771484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 344.938px; top: 0.0078125px; width: 294.152px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 173.285px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.6641px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 272.641px; top: 26.3203px; width: 59.4023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 506.188px; top: 26.3359px; width: 59.4023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 408.5px; top: 33.0703px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 642.453px; top: 33.0859px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 270.656px; top: 39.8203px; width: 60.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">severanc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 340.781px; top: 39.8203px; width: 33.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FISDE</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 457.172px; top: 39.8359px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 504.594px; top: 39.8359px; width: 60.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">severanc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 575.219px; top: 39.8359px; width: 33.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FISDE</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 690.875px; top: 39.8359px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 389.922px; top: 46.5703px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 623.328px; top: 46.5859px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 270.656px; top: 53.3203px; width: 57.5684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">indemnity</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 504.594px; top: 53.3359px; width: 57.5684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">indemnity</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 80.2324px; width: 214.154px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">LIABILITIES FOR EMPL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OYEE BENEFITS </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 314.484px; top: 86.9824px; width: 404.766px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">26</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">36</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.7324px; width: 184.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T THE BEGINNING OF THE YEAR</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 120.061px; width: 178.342px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Costs related t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o current services </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 321.062px; top: 126.811px; width: 397.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.504px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.504px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 133.561px; width: 196.84px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(recognised under 'personnel costs')</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.889px; width: 221.291px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Interest cost (rec</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ognised under financial </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 554.578px; top: 166.639px; width: 164.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.504px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 173.389px; width: 54.8086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">expenses)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 199.717px; width: 183.973px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Actuarial (gains)/losses from past </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 213.217px; width: 199.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">experience adjustments (recognised </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 554.578px; top: 213.217px; width: 164.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.504px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 226.717px; width: 174.328px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">in other comprehensive inc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ome)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 253.029px; width: 205.049px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Actuarial (gains)/losses from changes </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 266.529px; width: 199.189px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">in financial assumptions (recognised </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 313.375px; top: 266.529px; width: 171.855px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.0039px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.8009px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(8)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 280.029px; width: 174.328px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">in other comprehensive inc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ome)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 306.342px; width: 718.734px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Benefits paid</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 241.266px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.99px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 142.412px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(3)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 332.654px; width: 214.154px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">LIABILITIES FOR EMPL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OYEE BENEFITS </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 314.484px; top: 339.42px; width: 404.766px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">20</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">28</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 346.154px; width: 144.867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T THE END OF THE YE</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AR</span></span></span><span style=\"display:inherit;clear:left;\">The table below shows the main actuarial assumptions used to value the liabilities at the end of the year and to determine </span><span style=\"display:inherit;clear:left;position:relative;height:197.43359375px;\"><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 186.99px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 13.5px; font-family: ff7b; -webkit-text-stroke: 0.2025px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">the cost for the following year</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 13.5px; font-family: ff7b; -webkit-text-stroke: 0.2025px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 383.391px; top: 55.9453px; width: 272.836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 151.969px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 5.32812px; top: 82.6016px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 319.812px; top: 82.2578px; width: 59.4023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 532.844px; top: 82.2734px; width: 59.4023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 478.172px; top: 89.0078px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 691px; top: 89.0234px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 318.703px; top: 95.7578px; width: 60.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">severanc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 410.281px; top: 95.7578px; width: 33.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FISDE</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 530.266px; top: 95.7734px; width: 60.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">severanc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 623.734px; top: 95.7734px; width: 33.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FISDE</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 458.516px; top: 102.508px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 670.594px; top: 102.523px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 317.609px; top: 109.258px; width: 57.5684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">indemnity</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 530.266px; top: 109.273px; width: 57.5684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">indemnity</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 5.32812px; top: 136.17px; width: 718.746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Discount rate (%)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 259.06px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">4.0</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2696px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4.0</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2696px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4.0</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.3846px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2696px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2696px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.4</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 5.32812px; top: 162.482px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Inflation rate (%) (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 244.857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2.5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2696px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2.5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2696px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2.5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.3846px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2.0</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2696px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2.0</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2696px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2.0</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 5.32812px; top: 188.441px; width: 318.035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff74; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)   With regard to other liabilities, the rate refers only t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff74; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o seniority bonuses.</span></span></span><span style=\"display:inherit;clear:left;\">The discount rate adopted was determined by taking into account bond yields of leading companies (Euro area corporate </span><span style=\"display:inherit;clear:left;\">bonds and A<span class=\"_ _0\"></span>A ratings).</span><span style=\"display:inherit;clear:left;\">The employee benefit plans recognised by Snam are subject, in particular<span class=\"_ _c\"></span>, to interest rate risk, as a change in the discount </span><span style=\"display:inherit;clear:left;\">rate could lead to a significant change in the liability.</span><span style=\"display:inherit;clear:left;\">The effects of a reasonably possible change in the discount rate at the end of the financial year are illustrated below. It </span><span style=\"display:inherit;clear:left;\">should also be noted that any changes in mortality do not have a significant effect on the liability. The sensitivity on the </span><span style=\"display:inherit;clear:left;\">discount rate represents the change in value of the liability that is obtained with the year-end valuation data, by varying </span><span style=\"display:inherit;clear:left;\">the discount rate by a certain number of basis points, subject to other assumptions. </span><span style=\"display:inherit;clear:left;position:relative;height:91.130859375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 659.801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 410.438px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ariation in the discount rat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.67px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Effect on net obligation at 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 274.688px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.5% reduction</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.5% increase</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 719.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in employee severance indemnity at 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 260.918px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 131.76px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.764px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in liabilities for FISDE at 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 328.19px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 130.975px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span></span></span><span style=\"display:inherit;clear:left;\">The maturity profile of employee benefit plan obligations is shown in the table below: </span><span style=\"display:inherit;clear:left;position:relative;height:197.099609375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 344.359px; top: 0.0078125px; width: 294.152px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 173.285px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.6641px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 270.875px; top: 26.3203px; width: 59.4023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 505.031px; top: 26.3359px; width: 59.4023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 408.469px; top: 33.0703px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 642.953px; top: 33.0859px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 269.406px; top: 39.8203px; width: 60.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">severanc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 340.172px; top: 39.8203px; width: 33.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FISDE</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 456.359px; top: 39.8359px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 503.953px; top: 39.8359px; width: 60.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">severanc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 574.641px; top: 39.8359px; width: 33.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FISDE</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 688.844px; top: 39.8359px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 390.031px; top: 46.5703px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 623.188px; top: 46.5859px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 269.406px; top: 53.3203px; width: 57.5684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">indemnity</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 503.953px; top: 53.3359px; width: 57.5684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">indemnity</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 80.2324px; width: 719.104px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Within the next year</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 210.404px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.504px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.6835px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 106.545px; width: 718.629px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Within five years</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 230.42px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.504px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">8</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.857px; width: 718.729px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Over five and up t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o ten years</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 157.629px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1482px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">9</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.17px; width: 718.629px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Over ten years</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 241.266px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1482px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1482px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">8</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 185.482px; width: 718.875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL LIABILITIES F</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OR EMPL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OYEE BENEFITS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">28</span></span></span><span style=\"display:inherit;clear:left;\">The weighted average duration of employee benefit plan obligations is shown below: </span><span style=\"display:inherit;clear:left;position:relative;height:91.849609375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 378.609px; top: 0.0078125px; width: 272.836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 151.969px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.6641px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 315.203px; top: 26.3203px; width: 59.4023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 526.5px; top: 26.3359px; width: 59.4023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 472.234px; top: 33.0703px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 684.422px; top: 33.0859px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 313.141px; top: 39.8203px; width: 60.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">severanc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 403.703px; top: 39.8203px; width: 33.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FISDE</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 524.422px; top: 39.8359px; width: 60.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">severanc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 616.719px; top: 39.8359px; width: 33.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FISDE</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 452.672px; top: 46.5703px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 665.75px; top: 46.5859px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 313.141px; top: 53.3203px; width: 57.5684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">indemnity</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 524.422px; top: 53.3359px; width: 57.5684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">indemnity</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 80.2324px; width: 576.064px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Weight</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ed average duration (years)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 175.518px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 576.064px; top: 80.2324px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">7</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 582.885px; top: 80.2324px; width: 54.0703px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 636.955px; top: 80.2324px; width: 13.6348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">19</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 650.59px; top: 80.2324px; width: 54.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 705.041px; top: 80.2324px; width: 13.6348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">11</span></span></span><span style=\"display:inherit;clear:left;\">21) <span class=\"_ _35\"> </span>OTHER CURRENT <span class=\"_ _c\"></span>AND NON-CURRENT LIABILITIES </span><span style=\"display:inherit;clear:left;position:relative;height:302.380859375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 391.078px; top: 0.0078125px; width: 264.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 143.385px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 19.9141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 418.547px; top: 26.3359px; width: 27.5098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 623.188px; top: 26.3516px; width: 27.5098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 333.797px; top: 33.0859px; width: 44.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 485.703px; top: 33.0859px; width: 97.5586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.7012px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 688.844px; top: 33.1016px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 403.703px; top: 39.8359px; width: 42.6035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 608.828px; top: 39.8516px; width: 42.6035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">current</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.748px; width: 718.922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Security deposits</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 323.567px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.382</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1.382</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.195px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">1.040</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1.040</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0605px; width: 718.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Fuel gas</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 313.67px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">718</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">720</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">532</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">100</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">632</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.373px; width: 718.91px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regulatory liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 246.779px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">104</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">112</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">216</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">99</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">149</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.686px; width: 719.004px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other taxes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 300.662px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">29</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.566px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">29</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">65</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.566px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">65</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 172.014px; width: 718.852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Market value of non-hedging financial derivativ</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 366.662px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">14</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.326px; width: 719.051px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- IRPEF withholdings for employees</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 180.053px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.795px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">7</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 224.639px; width: 718.951px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Liabilities for connection contributions</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 229.922px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">7</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 250.951px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 340.02px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.795px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.566px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">10</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 277.264px; width: 255.029px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL O</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">THER CURRENT AND NON-CURRENT </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 357.938px; top: 284.029px; width: 360.393px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">868</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,502</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,370</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">713</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,211</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,924</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.764px; width: 63.3867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">LIABILITIES</span></span></span><span style=\"display:inherit;clear:left;\">Security deposits (\u20ac1,040 million) refer to payments received as guarantees, mainly from users of the balancing service, </span><span style=\"display:inherit;clear:left;\">pursuant to resolution ARG/gas 45/11. </span><span style=\"display:inherit;clear:left;\">The item \"Fuel gas\" (\u20ac632 million<span class=\"_ _c\"></span>), mainly attributable to the transportation segment (\u20ac524 million), principally refers </span><span style=\"display:inherit;clear:left;\">to the liability recognised for the volumes of gas to be used for the operation of the system, in compliance with the </span><span style=\"display:inherit;clear:left;\">provisions of resolution 165/2022/R/Gas \"Urgent provisions for the allocation of storage capacity pursuant to Decree No. </span><span style=\"display:inherit;clear:left;\">138 of the Ministry of Ecological Transition, now the Ministry of the Environment and Energy Security of 1 April 2022\".</span><span style=\"display:inherit;clear:left;\">Regulatory liabilities (\u20ac149 million) mainly relate to the transport sector (\u20ac105 million) for penalties charged to users who </span><span style=\"display:inherit;clear:left;\">exceeded their committed capacity, to be returned to the system through tariff adjustments. </span><span style=\"display:inherit;clear:left;\">The market value of non-hedging financial derivatives (\u20ac14 million<span class=\"_ _c\"></span>) relates to the embedded option component of the </span><span style=\"display:inherit;clear:left;\">debenture loan convertible into Italgas S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. ordinary shares.</span><span style=\"display:inherit;clear:left;\">22) <span class=\"_ _35\"> </span>TRADE <span class=\"_ _c\"></span>AND OTHER P<span class=\"_ _11\"></span>A<span class=\"_ _1\"></span>Y<span class=\"_ _11\"></span>ABLES</span><span style=\"display:inherit;clear:left;position:relative;height:301.662109375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 719.197px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade payables for the purchase of goods and services</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 292.781px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,546</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">987</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal trade payables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 475.395px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,546</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">987</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 716.191px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other payables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 630.322px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.77px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Pa</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yables to the Cassa per i Servizi Energetici e Ambientali (CSEA)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 236.145px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5,571</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,037</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 719.238px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Pa</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yables for investment activities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 407.565px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">519</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">938</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Interim dividend</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 500.561px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">369</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">378</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 719.279px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Pa</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yables to personnel</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 477.581px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">45</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">45</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 718.729px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Pa</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yables to social security institutions</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 390.487px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">25</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">25</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 237.42px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 559.305px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">54</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">56</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 263.732px; width: 718.91px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal other payables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 475.395px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6,583</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5,479</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.045px; width: 718.734px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL TRADE AND OTHER P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Y</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ABLES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 377.606px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8,129</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6,466</span></span></span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>rade payables for the purchase of goods and ser<span class=\"_ _0\"></span>vices (\u20ac987 million) are mainly related to the transportation sector </span><span style=\"display:inherit;clear:left;\">(\u20ac488 million, of which \u20ac169 million from balancing activities) and the energy transition sector (\u20ac350 million<span class=\"_ _c\"></span>). </span><span style=\"display:inherit;clear:left;\">Liabilities for investment activities (\u20ac938 million) mainly relate to the transmission (\u20ac462 million<span class=\"_ _c\"></span>) and natural gas </span><span style=\"display:inherit;clear:left;\">storage (\u20ac93 million) sectors and also include estimated liabilities for contractually agreed earn-outs. </span><span style=\"display:inherit;clear:left;\">Payables to CSEA (\u20ac4,037 million) mainly refer to: (i) payables related to the retrocession of amounts obtained from </span><span style=\"display:inherit;clear:left;\">the sale of gas volumes purchased for the last resort filling service in compliance with resolutions 274/2022/R<span class=\"_ _0\"></span>/Gas and </span><span style=\"display:inherit;clear:left;\">3/2023/R/Gas (\u20ac2,062 million); (ii) payables for additional tariff components (\u20ac1,637 million<span class=\"_ _c\"></span>); (iii) payables related to </span><span style=\"display:inherit;clear:left;\">purchase and sale transactions carried out by the gas balancing manager (\u20ac247 million).</span><span style=\"display:inherit;clear:left;\">The interim dividend (\u20ac378 million) refers to the payable to shareholders for the 2023 interim dividend of \u20ac0.1128 per </span><span style=\"display:inherit;clear:left;\">share, which was resolved on 8 November 2023. The interim payment was made starting from 24 January 2024. </span><span style=\"display:inherit;clear:left;\">Payables to related parties are illustrated in Note 37 'T<span class=\"_ _c\"></span>ransactions with related parties'.</span><span style=\"display:inherit;clear:left;\">23) EQUITY<span class=\"ws1\"> </span></span><span style=\"display:inherit;clear:left;position:relative;height:459.568359375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Share capital</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 514.545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,736</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,736</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.594px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">reasury shares</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.832px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(33)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.2793px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(30)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Share premium reserve </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 464.58px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">611</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">611</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 719.033px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Legal reserve</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 523.399px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">547</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">547</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cash flow hedge reserve</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 462.289px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(39)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(32)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Reserve for defined benefit plans for employees </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 336.838px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(6)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">F</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">air value reser</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ve for equity investments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.443px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(12)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(15)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 718.805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Reserve for business combinations under common c</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ontrol</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 273.803px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(674)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(674)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 237.42px; width: 719.068px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other reserves</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 515.145px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">212</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">170</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 263.732px; width: 718.652px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal reser</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ves</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 524.074px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">30</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.2793px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(10)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.045px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Profits from previous years</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 439.331px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,822</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,571</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 316.373px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Interim dividend</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 499.511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(369)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(378)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 342.686px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Profit for the year </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 495.716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">671</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,135</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 368.998px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal retained earnings</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 457.249px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,124</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,328</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 395.311px; width: 718.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity of the parent company</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 427.08px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7,468</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7,635</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 421.623px; width: 718.582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Minority interests</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">56</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.7267px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">45</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 447.951px; width: 718.605px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL SHAREHOLDERS\u2019 E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">QUIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Y</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 405.862px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7,524</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7,680</span></span></span><span style=\"display:inherit;clear:left;\">23.1 <span class=\"_ _85\"> </span>Share capital</span><span style=\"display:inherit;clear:left;\">The share capital at 31 December 2023 consisted of 3,360,857,809 shares without nominal value (unchanged from 31 </span><span style=\"display:inherit;clear:left;\"><span><span style=\"display:inherit;clear:left;\">December 2022), with a total value of \u20ac2,735,670,475.56 (unchanged from 31 December 2022).</span></span> </span><span style=\"display:inherit;clear:left;\">23.2 <span class=\"_ _85\"> </span>T<span class=\"_ _1\"></span>reasury shares</span><span style=\"display:inherit;clear:left;\">The negative reserve for the purchase of treasur<span class=\"_ _0\"></span>y shares includes the purchase cost of 7,244,579 treasur<span class=\"_ _0\"></span>y shares at 31 </span><span style=\"display:inherit;clear:left;\">December 2023 (8,101,437 treasury shares, equal to 0.24% of the share capital, at 31 December 2022, equal to 0.22% of </span><span style=\"display:inherit;clear:left;\">the share capital), for a book value of \u20ac30 million (\u20ac33 million at 31 December 2022). The market value of treasury shares </span><span style=\"display:inherit;clear:left;\">32</span><span style=\"display:inherit;clear:left;\">at 31 December 2023 amounts to approximately \u20ac34 million</span><span style=\"display:inherit;clear:left;\">. </span><span style=\"display:inherit;clear:left;\">32 <span class=\"_ _94\"> </span>Calculated by multiplying the number of treasury shares by the period-end official price of \u20ac4.655 per share.</span><span style=\"display:inherit;clear:left;\">In compliance with the provisions of Article 2428 of the Italian Civil Code, the treasury shares held by the Company at 31 </span><span style=\"display:inherit;clear:left;\">December 2023 are analysed in the table below: </span><span style=\"display:inherit;clear:left;position:relative;height:434.693359375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 686.828px; top: 0.0078125px; width: 35.6426px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Share </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 401.797px; top: 6.75781px; width: 48.6855px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Number </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 466.125px; top: 6.75781px; width: 77.3027px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">verage c</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ost </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 594.578px; top: 6.75781px; width: 59.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal c</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ost </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 678.797px; top: 13.5078px; width: 43.7695px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Capital </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 395.031px; top: 20.2578px; width: 52.6465px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of shares</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 506.188px; top: 20.2578px; width: 34.4766px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(eur</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 568.547px; top: 20.2578px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 699.359px; top: 27.0078px; width: 22.4414px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(%) </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.8887px; width: 719.033px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">reasury shares at 31 December 2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.92px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">88,556,228</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.999</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.5509px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">354</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2.63</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 106.545px; width: 95.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Movements 2022</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.857px; width: 650.977px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Shares allocated for con</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">version of the Con</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vertible Bond</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(-)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9023px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">79,444,888</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.998</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.5509px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">318</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.17px; width: 293.514px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 2.30859px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Shares granted free of charge under the 2019 st</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ock  </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 354.938px; top: 165.92px; width: 297.006px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(-)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,760,307</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4.000</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 9.25px; top: 172.67px; width: 75.9609px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">incentive plan</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.998px; width: 650.678px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Purchases 2022 (sell to co</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ver)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 184.881px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(+)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2168px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">750,404</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4.908</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 251.639px; width: 718.729px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">reasury shares at 31 December 2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 184.881px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8,101,437</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4.076</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.9142px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">33</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.24</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 304.295px; width: 95.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Movements 2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 330.607px; width: 293.537px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">-  </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Shares granted free of charge under the 2020 stock  </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 354.938px; top: 337.357px; width: 92.8125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(-)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,468,158</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 9.25px; top: 344.107px; width: 75.9609px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">incentive plan</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 370.436px; width: 446.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">-  </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Purchases 2023 (sell to cover)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 182.455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(+)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">611,300</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 423.076px; width: 718.729px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">reasury shares at 31 December 2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 184.881px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7,244,579</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4.133</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.9142px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">30</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.22</span></span></span><span style=\"display:inherit;clear:left;\">The reduction in the number of treasury shares compared to 31 December 2022 is attributable to the free assignment </span><span style=\"display:inherit;clear:left;\">of 1,468,158 shares to Snam executives under the 2020 Share-based Incentive Plan, the vesting period of which expired </span><span style=\"display:inherit;clear:left;\">in July 2023, and to the concurrent purchase, by the assignee executives, of 611,300 shares to cover the amount of </span><span style=\"display:inherit;clear:left;\">taxes owed by the assignees. </span><span style=\"display:inherit;clear:left;\">The Ordinary Shareholders' Meeting of Snam, held on 4 May 2023, authorised, after revoking the resolution to </span><span style=\"display:inherit;clear:left;\">authorise the purchase of treasury shares taken by the Ordinary Shareholders' Meeting on 27 April 2022, for the </span><span style=\"display:inherit;clear:left;\">portion remaining unexecuted, the purchase of treasury shares, to be made on one or more occasions through one </span><span style=\"display:inherit;clear:left;\">or more primary intermediaries appointed by Snam S<span class=\"_ _0\"></span>.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>., for a maximum duration of 18 months from the date of </span><span style=\"display:inherit;clear:left;\">the Shareholders' Meeting, with a maximum disbursement of \u20ac500 million and up to a maximum of 4.5% of the share </span><span style=\"display:inherit;clear:left;\">capital subscribed and released.</span><span style=\"display:inherit;clear:left;\">23.3 <span class=\"_ _85\"> </span>Share premium reserve</span><span style=\"display:inherit;clear:left;\">The share premium reserve at 31 December 2023 amounted to \u20ac611 million (the same as at 31 December 2022).</span><span style=\"display:inherit;clear:left;\">23.4 Reserves</span><span style=\"display:inherit;clear:left;\">Legal reserve</span><span style=\"display:inherit;clear:left;\">The legal reserve at 31 December 2023 amounted to \u20ac547 million (the same as at 31 December 2022) and had already </span><span style=\"display:inherit;clear:left;\">reached one fifth of the share capital, as required by Article 2430 of the Italian Civil Code.</span><span style=\"display:inherit;clear:left;\">Cash flow hedge reserve</span><span style=\"display:inherit;clear:left;\">The cash flow hedge reserve (-\u20ac32 million, -\u20ac39 million at 31 December 2022, net of related tax effects) refers to the fair </span><span style=\"display:inherit;clear:left;\">value measurement of hedging derivatives. </span><span style=\"display:inherit;clear:left;\">Changes in the reserve during the year are analysed below: </span><span style=\"display:inherit;clear:left;position:relative;height:143.771484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.84px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 353.373px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Gross reser</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ve</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ax effect</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.125px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Net reserve</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">BALANCE A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 01.01.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.756px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(70)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">16</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.8105px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(54)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.893px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Changes in the financial year 2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 315.908px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.7267px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">BALANCE A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.756px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(51)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.8105px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(39)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.893px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Changes in the financial year 2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 315.908px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.7267px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">BALANCE A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.756px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(41)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.2793px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(32)</span></span></span><span style=\"display:inherit;clear:left;\">Reserve for defined benefit plans for employees</span><span style=\"display:inherit;clear:left;\">The reserve for defined employee benefit plans at 31 December 2023 (-\u20ac6 million; \u20ac-4 million at 31 December 2022) </span><span style=\"display:inherit;clear:left;\">includes actuarial losses, net of the related tax effect, recognised in other comprehensive income, in accordance with </span><span style=\"display:inherit;clear:left;\">IAS 19.</span><span style=\"display:inherit;clear:left;\">Fair value reserve for equity investments</span><span style=\"display:inherit;clear:left;\">The fair value reserve for equity investments at 31 December 2023 (-\u20ac15 million; -\u20ac12 million at 31 December 2022) </span><span style=\"display:inherit;clear:left;\">includes the change in fair value of minority interests for which, upon initial recognition, Snam opted for measurement at </span><span style=\"display:inherit;clear:left;\">FV<span class=\"_ _0\"></span>TOCI (\"fair value through other comprehensive income\"). For more details, see Note 11 '<span class=\"_ _c\"></span>Other current and non-current </span><span style=\"display:inherit;clear:left;\">financial assets'.</span><span style=\"display:inherit;clear:left;\">Reserve for business combinations under common control</span><span style=\"display:inherit;clear:left;\">The reserve for business combinations under common control (\u20ac-674 million; likewise at 31 December 2022), recognised </span><span style=\"display:inherit;clear:left;\">as part of a business combination under common control (BCUCC) carried out in 2009 with the former parent company </span><span style=\"display:inherit;clear:left;\">Eni, relates to the value arising from the difference between the purchase cost of the investment in Stogit and the related </span><span style=\"display:inherit;clear:left;\">equity attributable to the group at the date the transaction was completed.</span><span style=\"display:inherit;clear:left;\">Other reserves</span><span style=\"display:inherit;clear:left;\">Other reserves of \u20ac170 million (\u20ac212 million at 31 December 2022) mainly refer to the portions of other comprehensive </span><span style=\"display:inherit;clear:left;\">income of investments accounted for using the equity method, in particular<span class=\"_ _1\"></span>, to changes in the fair value of hedging </span><span style=\"display:inherit;clear:left;\">derivatives. </span><span style=\"display:inherit;clear:left;\">23.5 <span class=\"_ _85\"> </span>Retained earnings  <span class=\"_ _13\"> </span> </span><span style=\"display:inherit;clear:left;\">Retained earnings (\u20ac4,328 million) include:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>profits from previous years, amounting to \u20ac3,571 million (\u20ac3,822 million at 31 December 2022); the reduction of \u20ac251 </span><span style=\"display:inherit;clear:left;\">million, compared to 31 December 2022, is due to the use of part of the retained earnings reserve for the distribution of </span><span style=\"display:inherit;clear:left;\">the 2022 dividend;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the advance payment of \u20ac378 million, equal to \u20ac0.1128 per share, approved on 8 November 2023 by the Board of </span><span style=\"display:inherit;clear:left;\">Directors pursuant to Article 2433-bis, paragraph 5, of the Italian Civil Code. The interim payment was made on 24 </span><span style=\"display:inherit;clear:left;\">January 2024, with ex-dividend date on 22 Januar<span class=\"_ _0\"></span>y 2024 and record date on 23 Januar<span class=\"_ _0\"></span>y 2024;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>profit for thefinancial year 2023, amounting to \u20ac1,135 million.</span><span style=\"display:inherit;clear:left;\">23.6 <span class=\"_ _85\"> </span>Dividends declared and distributed and dividends to be distributed</span><span style=\"display:inherit;clear:left;\">On 4 May 2023, the Ordinary Shareholders' Meeting of Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. resolved to distribute an interim dividend of \u20ac0.1651 </span><span style=\"display:inherit;clear:left;\">per share, payable as of 21 June 2023 with ex-dividend date on 19 June 2023 and record date on 20 June 2023 (\u20ac553 </span><span style=\"display:inherit;clear:left;\">million). The dividend for the financial year 2022 is therefore determined between an interim dividend of \u20ac0.1100 per </span><span style=\"display:inherit;clear:left;\">share (\u20ac369 million), already distributed in January 2023, and the balance of \u20ac0.2751 per share.  </span><span style=\"display:inherit;clear:left;\">The Board of Directors, in its meeting of 13 March 2024, proposed to the Shareholders' Meeting convened for 7 </span><span style=\"display:inherit;clear:left;\">May 2024, the distribution of a dividend of \u20ac0.1692 per share, which will be payable as of 26 June 2024 with ex-</span><span style=\"display:inherit;clear:left;\">dividend date on 24 June 2024 and record date on 25 June 2024. The dividend for the financial year 2023 is therefore </span><span style=\"display:inherit;clear:left;\">determined between an interim dividend of \u20ac0.1128 per share (\u20ac378 million), already distributed in January 2024, and </span><span style=\"display:inherit;clear:left;\">the balance of \u20ac0.2820 per share.</span><span style=\"display:inherit;clear:left;\">24) <span class=\"_ _35\"> </span>BUSINESS COMBINA<span class=\"_ _1\"></span>TIONS </span><span style=\"display:inherit;clear:left;\">Information on business combination transactions carried out during 2023, recognised in accordance with the provisions </span><span style=\"display:inherit;clear:left;\">of IFRS 3 'Business Combinations' for which, as the definition of a Business Combination (BC) is applicable, Purchase Price </span><span style=\"display:inherit;clear:left;\">Allocation (PP<span class=\"_ _c\"></span>A) activities were performed, is presented below.</span><span style=\"display:inherit;clear:left;\">Acquisitions completed during 2023 that fall within the definition of 'Business Combinations' under IFRS 3</span><span style=\"display:inherit;clear:left;\">During 2023, control was acquired of 10 companies operating in the biogas/biomethane business. Consistent with the </span><span style=\"display:inherit;clear:left;\">33</span><span style=\"display:inherit;clear:left;\">definition of the Group's C<span class=\"_ _c\"></span>GUs, eight companies were included within the Biomethane Agri CGU</span><span style=\"display:inherit;clear:left;\"> and two companies </span><span style=\"display:inherit;clear:left;\">34</span><span style=\"display:inherit;clear:left;\">within the Biomethane Waste CGU</span><span style=\"display:inherit;clear:left;\">. </span><span style=\"display:inherit;clear:left;\">For the purposes of the Annual Report 2023, the company made a preliminary allocation of the purchase price; the </span><span style=\"display:inherit;clear:left;\">process of identifying the fair value of the assets and liabilities acquired will be completed in the following period, within </span><span style=\"display:inherit;clear:left;\">12 months of each respective acquisition date.   </span><span style=\"display:inherit;clear:left;\">The acquisitions pertaining to the Biomethano Agri CGU were completed for a total consideration of \u20ac32 million, including </span><span style=\"display:inherit;clear:left;\">the estimated earn-outs provided for in the contract. The preliminar<span class=\"_ _0\"></span>y allocation of the acquisition price resulted in the </span><span style=\"display:inherit;clear:left;\">recognition of goodwill equal to \u20ac13 million and the recognition of \u20ac14 million allocated to intangible assets (attributable </span><span style=\"display:inherit;clear:left;\">to the fair value of the authorisations of the plants held by the companies subject to acquisition), in addition to related </span><span style=\"display:inherit;clear:left;\">deferred taxes of \u20ac4 million. </span><span style=\"display:inherit;clear:left;\">With reference to the acquisitions pertaining to the Biomethane Waste CGU<span class=\"_ _1\"></span>, for a total consideration of \u20ac67 million </span><span style=\"display:inherit;clear:left;\">including the estimated earn-outs contractually provided for<span class=\"_ _1\"></span>, the preliminar<span class=\"_ _0\"></span>y allocation of the acquisition price resulted </span><span style=\"display:inherit;clear:left;\">in goodwill of \u20ac11 million and the recognition of \u20ac32 million allocated to intangible assets and property, plant and </span><span style=\"display:inherit;clear:left;\">equipment, in addition to related deferred taxes of \u20ac9 million. </span><span style=\"display:inherit;clear:left;\">33 <span class=\"_ _94\"> </span>The following companies were acquired: 1) Agriwatt Castel Goffredo Societ\u00e0 Agricola a r<span class=\"_ _c\"></span>.l., 2) Soragna Agroenergie Societ\u00e0 Agricola S.r.l., 3) Zibello </span><span style=\"display:inherit;clear:left;\">Agroenergie Societ\u00e0 Agricola S.r.l., 4) Bietifin S.r<span class=\"_ _1\"></span>.l., 5) Moglia Energia Societ\u00e0 Agricola a r.l., 6) MST S.r<span class=\"_ _c\"></span>.l., 7) Societ\u00e0 Agricola Agrimetano Ro S.r.l., 8) Societ\u00e0 </span><span style=\"display:inherit;clear:left;\">Agricola Pozzonovo S.r<span class=\"_ _1\"></span>.l..</span><span style=\"display:inherit;clear:left;\">34 <span class=\"_ _94\"> </span>The following companies were acquired: 1) CH4 Energy S.r.l., 2) Biowaste CH4 Legnano S.r<span class=\"_ _1\"></span>.l.</span><span style=\"display:inherit;clear:left;\">25) <span class=\"_ _35\"> </span>NON-CONTROLLING INTERESTS OF SUBSIDIARIES</span><span style=\"display:inherit;clear:left;\">The economic and financial disclosures required by IFRS 12 for subsidiaries with significant non-controlling interests, with </span><span style=\"display:inherit;clear:left;\">reference to the financial years ended 31 December 2022 and 31 December 2023, are presented below. </span><span style=\"display:inherit;clear:left;position:relative;height:832.49609375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 409.484px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 304.859px; top: 24.6328px; width: 47.1504px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Reno</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vit </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 546.625px; top: 31.3828px; width: 35.0332px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 313.141px; top: 38.1328px; width: 38.1855px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Public </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 390.031px; top: 38.1328px; width: 25.2539px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TEP </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 609.859px; top: 38.1328px; width: 64.5645px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Intragroup </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 436.391px; top: 44.8828px; width: 55.7168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Iniziative </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 521.516px; top: 44.8828px; width: 60.5215px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">companies </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 163.859px; top: 51.6328px; width: 47.1504px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Reno</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vit </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 225.172px; top: 51.6328px; width: 40.9453px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Evolv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 294.719px; top: 51.6328px; width: 56.9766px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Solutions </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 372.984px; top: 51.6328px; width: 42.9844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 601.641px; top: 51.6328px; width: 73.6348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">eliminations </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 58.3828px; width: 85.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 427.578px; top: 58.3828px; width: 65.3672px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Biometano </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 516.234px; top: 58.3828px; width: 64.9805px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">individually </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 688.844px; top: 58.3828px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 176.484px; top: 65.1328px; width: 32.4727px; white-space: pre; word-spacing: -0.36px; letter-spacing: 0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">S.</span><span style=\"word-spacing: -0.36px; letter-spacing: 0.36px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">p</span><span style=\"word-spacing: -0.36px; letter-spacing: 0.36px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.A.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 231.406px; top: 65.1328px; width: 32.4727px; white-space: pre; word-spacing: -0.36px; letter-spacing: 0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">S.</span><span style=\"word-spacing: -0.36px; letter-spacing: 0.36px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">p</span><span style=\"word-spacing: -0.36px; letter-spacing: 0.36px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.A.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 316.516px; top: 65.1328px; width: 35.0332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 363.688px; top: 65.1328px; width: 51.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Solution </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 594.594px; top: 65.1328px; width: 80.6309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">consolidation </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 456.359px; top: 71.8828px; width: 32.4727px; white-space: pre; word-spacing: -0.36px; letter-spacing: 0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">S.</span><span style=\"word-spacing: -0.36px; letter-spacing: 0.36px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">p</span><span style=\"word-spacing: -0.36px; letter-spacing: 0.36px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.A.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 558.922px; top: 71.8828px; width: 22.5645px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">not </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 294.719px; top: 78.6328px; width: 53.9648px; white-space: pre; word-spacing: -2.88px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(formerl</span><span style=\"word-spacing: -2.88px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y  </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 388.109px; top: 78.6328px; width: 24.1699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">S.r</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.l</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 600.422px; top: 78.6328px; width: 71.1387px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">adjustments</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 516.234px; top: 85.3828px; width: 62.584px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">relevant(</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">*)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 278.297px; top: 92.1328px; width: 70.0078px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Mieci S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 117.311px; width: 489.287px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 133.119px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">98</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">236</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">68</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">627</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">35</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 141.936px; width: 489.305px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.051px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(21)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.3691px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(211)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.9199px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(39)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2168px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(604)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 166.561px; width: 489.48px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL NET ASSETS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.7267px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">77</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">25</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">29</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 191.186px; width: 489.029px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-controlling interests %</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.7012px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">49%</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 215.811px; width: 718.875px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to third parties</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.5196px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4531px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(25)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.0938px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">56</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 240.436px; width: 489.328px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Net result</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 139.605px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.99px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 265.061px; width: 20.0098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">OCI</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 289.686px; width: 141.65px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OMPREHENSIVE </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 193.625px; top: 296.436px; width: 295.5px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 303.186px; width: 47.0684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">INCOME</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 327.811px; width: 489.029px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-controlling interests %</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.7012px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">49%</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 352.436px; width: 119.426px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to third </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 256.703px; top: 359.186px; width: 461.59px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.99px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 168.322px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 365.936px; width: 37.8516px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">parties</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 395.254px; width: 124.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">It refers to nine companies.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 448.422px; top: 455.258px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 381.078px; top: 479.883px; width: 47.1504px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Reno</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vit </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 546.625px; top: 486.633px; width: 35.0332px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 390.031px; top: 493.383px; width: 38.1855px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Public </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 467.219px; top: 493.383px; width: 25.2539px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TEP </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 609.859px; top: 493.367px; width: 64.5645px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Intragroup </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 521.516px; top: 500.133px; width: 60.5215px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">companies </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 240.391px; top: 506.883px; width: 47.1504px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Reno</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vit </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 302.25px; top: 506.883px; width: 40.9453px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Evolv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 371.312px; top: 506.883px; width: 56.9766px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Solutions </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 449.719px; top: 506.883px; width: 42.9844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 601.641px; top: 506.867px; width: 73.6348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">eliminations </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 513.633px; width: 85.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 516.234px; top: 513.633px; width: 64.9805px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">individually </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 688.844px; top: 513.633px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 253.25px; top: 520.383px; width: 32.4727px; white-space: pre; word-spacing: -0.36px; letter-spacing: 0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">S.</span><span style=\"word-spacing: -0.36px; letter-spacing: 0.36px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">p</span><span style=\"word-spacing: -0.36px; letter-spacing: 0.36px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.A.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 308.312px; top: 520.383px; width: 32.4727px; white-space: pre; word-spacing: -0.36px; letter-spacing: 0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">S.</span><span style=\"word-spacing: -0.36px; letter-spacing: 0.36px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">p</span><span style=\"word-spacing: -0.36px; letter-spacing: 0.36px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.A.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 393.75px; top: 520.383px; width: 35.0332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 440.547px; top: 520.383px; width: 51.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Solution </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 594.594px; top: 520.367px; width: 80.6309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">consolidation </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 558.922px; top: 527.133px; width: 22.5645px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">not </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 371.312px; top: 533.883px; width: 53.9648px; white-space: pre; word-spacing: -2.88px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(formerl</span><span style=\"word-spacing: -2.88px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y  </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 464.344px; top: 533.883px; width: 24.1699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">S.r</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.l</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 600.422px; top: 533.867px; width: 71.1387px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">adjustments</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 516.234px; top: 540.633px; width: 62.584px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">relevant(</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">*)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 354.984px; top: 547.383px; width: 70.0078px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Mieci S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 572.561px; width: 489.012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 202.711px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">101</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">624</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">219</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">911</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 597.186px; width: 489.428px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 186.867px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(26)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.3691px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(576)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(176)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2168px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(901)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 621.811px; width: 489.516px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL NET ASSETS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 164.444px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">75</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">48</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">43</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 646.436px; width: 489.275px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-controlling interests %</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.7012px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 671.061px; width: 718.605px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to third parties</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 121.459px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">30</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4531px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(29)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.0938px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">45</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 695.686px; width: 489.346px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Net result</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 216.24px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7324px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(12)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 720.311px; width: 20.0098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">OCI</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 744.936px; width: 489.609px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OMPREHENSIVE INCOME</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(12)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 769.561px; width: 489.275px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-controlling interests %</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.7012px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39.95%</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 794.186px; width: 718.605px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to third parties</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.621px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 176.361px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.5196px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 823.504px; width: 122.291px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">It refers to two companies.</span></span></span><span style=\"display:inherit;clear:left;\">The main changes with respect to 31 December 2022 concern the development of companies related to the energy </span><span style=\"display:inherit;clear:left;\">efficiency business, partly absorbed by the sale of Iniziative Biometano S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>., a company 51% owned by Snam through its </span><span style=\"display:inherit;clear:left;\">wholly-owned subsidiary Bioener<span class=\"_ _0\"></span>ys S.r.l., finalised in October 2023.</span><span style=\"display:inherit;clear:left;\">26) <span class=\"_ _2a\"> </span>GUARANTEES AND <span class=\"_ _2\"></span>COMMITMENTS </span><span style=\"display:inherit;clear:left;\">The Group's guarantees and commitments are indicated below: </span><span style=\"display:inherit;clear:left;position:relative;height:342.79296875px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 471.217px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 505.4px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">GUARANTEES GIVEN ON BEHALF OF COMP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ANIES UNDER JOINT CONTROL AND ASSOCIA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TED </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 586.234px; top: 33.6387px; width: 132.527px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,230</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,129</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 40.3887px; width: 65.9707px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">COMP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ANIES</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.7168px; width: 716.191px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of which:</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 664.331px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0293px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- associated company T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 451.729px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,129</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,129</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.342px; width: 716.191px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- company under joint contr</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ol T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AG</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 426.022px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">89</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.2051px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.67px; width: 716.303px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- other associated companies</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 451.301px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.9142px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 171.982px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">GUARANTEES GIVEN ON BEHALF OF SUBSIDIARIES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 320.719px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">632</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">371</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.295px; width: 718.652px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL GU</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ARANTEES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 469.762px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,862</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,500</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 224.607px; width: 719.027px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">GROUP COMMIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">MENTS FOR THE PURCHASE OF GOODS AND SERVICES (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 184.172px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,058</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,407</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 250.936px; width: 718.74px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">COMMIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">MENTS FOR THE SUBSCRIPTION OF INVESTMENT FUND UNITS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 217.014px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">41</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 277.248px; width: 718.916px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">COMMIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">MENTS FOR THE SUBSCRIPTION OF SHARES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 324.334px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">28</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 303.561px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OMMITMENTS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 458.831px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,105</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,475</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 333.801px; width: 269.631px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)  The value includes legally binding orders at the reporting date.</span></span></span><span style=\"display:inherit;clear:left;\">26.1 <span class=\"_ _85\"> </span>Guarantees given on behalf of companies under joint control and associated </span><span style=\"display:inherit;clear:left;\">companies</span><span style=\"display:inherit;clear:left;\">26.1.1 <span class=\"_ _10\"> </span>Guarantee provided on behalf of the associated company T<span class=\"_ _1\"></span>AP  </span><span style=\"display:inherit;clear:left;\">At present and until the repayment of the loan, a mechanism is in place to support the repayment of T<span class=\"_ _1\"></span>AP's outstanding </span><span style=\"display:inherit;clear:left;\">debt ('Debt Payment Undertaking') which would be activated, unlike the first<span class=\"_ _1\"></span>-demand guarantee, released with reaching </span><span style=\"display:inherit;clear:left;\">the 'Financial Completion Date' on 31 March 2021, upon the occurrence of specific and determined conditions link<span class=\"_ _c\"></span>ed to </span><span style=\"display:inherit;clear:left;\">exceptional events of an extraordinary nature. The maximum pro-rata amount for Snam of the guarantee is \u20ac1,129 million.</span><span style=\"display:inherit;clear:left;\">The financial documentation signed in the context of the Project Financing concluded for T<span class=\"_ _1\"></span>AP also provides for certain </span><span style=\"display:inherit;clear:left;\">limitations for shareholders that are typical for transactions of this type, including: (i) a limitation on the possibility of </span><span style=\"display:inherit;clear:left;\">freely disposing of shares in T<span class=\"_ _1\"></span>AP according to certain timelines; (ii) the pledge of the shares held by Snam in T<span class=\"_ _c\"></span>AP in favour </span><span style=\"display:inherit;clear:left;\">of the lenders for the entire duration of the loan.</span><span style=\"display:inherit;clear:left;\">26.2 <span class=\"_ _85\"> </span>Guarantees given on behalf of subsidiaries</span><span style=\"display:inherit;clear:left;\">Guarantees given on behalf of subsidiaries (\u20ac371 million; \u20ac632 million at 31 December 2022) mainly relate to:</span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span>guarantees provided in favour of the Revenue Agency mainly on behalf of the subsidiaries Stogit, GNL<span class=\"_ _0\"></span>, Greenture and </span><span style=\"display:inherit;clear:left;\">Bioenerys Agri (\u20ac154 million); </span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>indemnities issued in favour of third parties as a performance bond (\u20ac76 million);</span><span style=\"display:inherit;clear:left;\">(iii) the Parent Company Guarantee provided in the interest of Snam FSRU Italia S.r.l. issued with the signing of the </span><span style=\"display:inherit;clear:left;\">Development Agreement for the engineering, procurement, modifications, installation and commissioning of the FSRU </span><span style=\"display:inherit;clear:left;\">\"BW Singapore\", in favour of the contractor BW Fleet Management AS (\u20ac32 million). </span><span style=\"display:inherit;clear:left;\">26.3 <span class=\"_ _85\"> </span>Impegni del gruppo per l\u2019acquisto di beni e servizi </span><span style=\"display:inherit;clear:left;\">Commitments for the purchase of goods and services (\u20ac2,407 million; \u20ac2,058 million at 31 December 2022) mainly relate </span><span style=\"display:inherit;clear:left;\">to commitments undertaken with suppliers for the purchase of plant, property and equipment, and the provision of </span><span style=\"display:inherit;clear:left;\">services related to investments in progress.</span><span style=\"display:inherit;clear:left;\">26.4 <span class=\"_ _85\"> </span>Commitments to subscribe to investment fund units and shares</span><span style=\"display:inherit;clear:left;\">Commitments to subscribe to investment fund units (\u20ac40 million; \u20ac41 million at 31 December 2022) concern: (i) Snam </span><span style=\"display:inherit;clear:left;\">S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.'s residual commitment to the Clean H2 Infra Fund (HY24) (\u20ac28 million), as part of the investment programme that </span><span style=\"display:inherit;clear:left;\">the fund proposes to carry out over a total of six years from the final closing date (13 December 2023); (ii) commitments </span><span style=\"display:inherit;clear:left;\">to the CDP Corporate Partners I - Energy T<span class=\"_ _1\"></span>ech Fund (\u20ac12 million), as part of the investment programme that the fund </span><span style=\"display:inherit;clear:left;\">proposes to carry out over a total of five years from the first closing date (18 May 2022). Such funds may be called up, </span><span style=\"display:inherit;clear:left;\">even partially and in several tranches, upon the identification by the Fund of potential eligible investments pursuant to the </span><span style=\"display:inherit;clear:left;\">Fund's Regulation.</span><span style=\"display:inherit;clear:left;\">Commitments for the subscription of shares (\u20ac28 million; \u20ac6 million at 31 December 2022) essentially refer to the </span><span style=\"display:inherit;clear:left;\">agreements signed by Snam International B.<span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>. as part of the transaction that led the latter to hold an equity investment in </span><span style=\"display:inherit;clear:left;\">dCarbonX.</span><span style=\"display:inherit;clear:left;\">26.5 <span class=\"_ _85\"> </span>Other commitments and related risks not valued  </span><span style=\"display:inherit;clear:left;\">Other commitments and related risks not valued mainly refer to commitments undertaken at the time of closing equity </span><span style=\"display:inherit;clear:left;\">purchase transactions, intended to operate also after the date of execution of such transactions.</span><span style=\"display:inherit;clear:left;\">At 31 December 2023, the commitment was still in place related to the contract for the purchase from Eni of Stogit, for </span><span style=\"display:inherit;clear:left;\">commitments related to the occurrence of future events, such as: (i) the possible different valuation of the gas owned </span><span style=\"display:inherit;clear:left;\">by Stogit, compared to the valuation recognised by ARER<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>, the energy regulator<span class=\"_ _c\"></span>, that could arise in certain contractually </span><span style=\"display:inherit;clear:left;\">defined circumstances; (ii) the possible transfer of storage capacity that should become freely available on a negotiated </span><span style=\"display:inherit;clear:left;\">basis and no longer regulated, or the transfer of concessions, among those held by Stogit, at the time of the transfer of </span><span style=\"display:inherit;clear:left;\">the shares that may be dedicated primarily to storage activities no longer subject to regulation.</span><span style=\"display:inherit;clear:left;\">27) <span class=\"_ _35\"> </span>FINANCIAL RISK MANAGEMENT</span><span style=\"display:inherit;clear:left;\">27.1 Introduction</span><span style=\"display:inherit;clear:left;\">In the area of business risks, the main financial risks identified, monitored and, to the extent specified below, managed by </span><span style=\"display:inherit;clear:left;\">Snam are as follows: </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the risk arising from exposure to interest rate fluctuations;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the credit risk arising from the possibility of default by a counterparty; </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>liquidity risk arising from a lack of financial resources to meet short-term commitments.</span><span style=\"display:inherit;clear:left;\">In relation to the risk of exposure to changes in exchange rates, due to the cases currently in place, the Snam group<span class=\"_ _c\"></span>'s </span><span style=\"display:inherit;clear:left;\">exposure is currently limited with reference to transactional risk, while exposure to translation risk remains with reference </span><span style=\"display:inherit;clear:left;\">to certain foreign subsidiaries that prepare their financial statements in currencies other than the euro. At present, it has </span><span style=\"display:inherit;clear:left;\">been decided not to adopt specific hedging policies for these exposures. In this regard, it should be noted that the effects </span><span style=\"display:inherit;clear:left;\">of exchange rate differences arising from the translation into the presentation currency (euro) of the functional currencies </span><span style=\"display:inherit;clear:left;\">of these companies are recognised in the Statement of Comprehensive Income.   </span><span style=\"display:inherit;clear:left;\">With regard to the risk arising from fluctuations in commodity prices, Snam's objective is to protect the value of cash flows </span><span style=\"display:inherit;clear:left;\">from unfavourable movements in the risk component to which it has exposure, by trading derivative instruments in order </span><span style=\"display:inherit;clear:left;\">to mitigate this price risk. </span><span style=\"display:inherit;clear:left;\">Financial risk management and control is overseen centrally by Snam and is aimed at defining and monitoring financial </span><span style=\"display:inherit;clear:left;\">structure objectives and corresponding risk limits, in order to preserve financial sustainability and rating. Snam therefore </span><span style=\"display:inherit;clear:left;\">develops strategies and Key Risk Indicators (KRI) for optimising and controlling the risk profile, taking into account </span><span style=\"display:inherit;clear:left;\">the context in which it operates, the Risk Appetite Framework and the overall value system produced by the Group<span class=\"_ _c\"></span>'s </span><span style=\"display:inherit;clear:left;\">businesses. </span><span style=\"display:inherit;clear:left;\">The following is a description of Snam's policies and principles for the management and control of financial risks, in </span><span style=\"display:inherit;clear:left;\">accordance with the approach required by IFRS 7 - Financial Instruments: additional disclosures.</span><span style=\"display:inherit;clear:left;\">27.2 <span class=\"_ _85\"> </span>Risk of changes in interest rates </span><span style=\"display:inherit;clear:left;\">The risk of changes in interest rates relates to fluctuations in interest rates that affect the market value of the company's </span><span style=\"display:inherit;clear:left;\">financial assets and liabilities, the level of net financial expenses, and, specifically, the level of revenues recognised in </span><span style=\"display:inherit;clear:left;\">respect of regulated businesses. </span><span style=\"display:inherit;clear:left;\">Snam's objective is to optimise interest rate risk in pursuit of the objectives defined and approved in the Strategic Plan. </span><span style=\"display:inherit;clear:left;\">The Snam Group adopts a centralised operating organisational model. In accordance with this model, Snam's structures </span><span style=\"display:inherit;clear:left;\">ensure that needs are covered through access to financial markets and the deployment of funds, in line with approved </span><span style=\"display:inherit;clear:left;\">objectives, guaranteeing that the risk profile is maintained within defined limits. </span><span style=\"display:inherit;clear:left;\">At 31 December 2023, the Snam Group had used external financial resources in the form of debenture loans and bilateral </span><span style=\"display:inherit;clear:left;\">and syndicated loan agreements with banks and other lenders, in the form of financial debt and bank credit lines at </span><span style=\"display:inherit;clear:left;\">interest rates indexed to market benchmark rates, and in particular the E<span class=\"_ _c\"></span>urope Interbank Offered Rate (Euribor), and at </span><span style=\"display:inherit;clear:left;\">fixed rates. The exposure to the risk of changes in interest rates at 31 December 2023, taking into account the hedging </span><span style=\"display:inherit;clear:left;\">transactions put in place, was about 30% of the group's total exposure (20% at 31 December 2022). At 31 December 2023, </span><span style=\"display:inherit;clear:left;\">Snam had Interest Rate Swap (IRS) derivative contracts in place with a notional amount totalling \u20ac487 million. Hedges </span><span style=\"display:inherit;clear:left;\">against interest rate changes refer to: (i) a variable-rate debenture loan maturing in 2024 (\u20ac106 million); (ii) variable-rate </span><span style=\"display:inherit;clear:left;\">bank loans with maturities between 2032 and 2035 (a total of \u20ac381 million).</span><span style=\"display:inherit;clear:left;\">Although the Snam Group has an active risk management policy, consistent with the revenue recognition mechanism, </span><span style=\"display:inherit;clear:left;\">an increase in interest rates on unhedged variable-rate debt could have a negative impact on the Snam Group's business </span><span style=\"display:inherit;clear:left;\">and financial position. Despite considering the limited exposure to changes in interest rates, which is limited to 30% of </span><span style=\"display:inherit;clear:left;\">the Group's total exposure and is fully attributable to the E<span class=\"_ _c\"></span>uribor rate, a possible change in the method of calculating the </span><span style=\"display:inherit;clear:left;\">latter and the related \"fallback\" clauses that may be formulated, could entail the need for the Snam Group to adjust the </span><span style=\"display:inherit;clear:left;\">financial contracts that may be impacted by the aforementioned change and/or the management of forward-looking cash </span><span style=\"display:inherit;clear:left;\">flows.</span><span style=\"display:inherit;clear:left;\">The following table shows the impact on equity and the net result for the year ended 31 December 2023 of a hypothetical </span><span style=\"display:inherit;clear:left;\">positive and negative change of 10 basis points (bps) in interest rates actually applied during the year: </span><span style=\"display:inherit;clear:left;position:relative;height:209.328125px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 592.859px; top: 0.0136718px; width: 60.9141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 555.938px; top: 26.3262px; width: 136.98px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Income statement result</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 32.5078px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 571.453px; top: 52.0703px; width: 49.3008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Interest </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 673.219px; top: 52.0703px; width: 49.3008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Interest </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 573.375px; top: 65.5703px; width: 43.6465px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">+10 bps</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 678.797px; top: 65.5703px; width: 40.9102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">-10 bps</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 92.4512px; width: 175.863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-hedged variable-rate loans</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 118.779px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Effect of interest rate change</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 441.705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.092px; width: 718.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impacts before tax effect</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 465.57px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 171.404px; width: 719.197px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ax effect</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 555.604px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.7267px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 197.717px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IMP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ACT NET OF T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">X EFFECT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 443.351px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span></span><span style=\"display:inherit;clear:left;\">The effects on other components of comprehensive income, resulting from the above hypothetical change in variable-rate </span><span style=\"display:inherit;clear:left;\">loans converted through IRS into fixed-rate loans, were less than \u20ac1 million.</span><span style=\"display:inherit;clear:left;\">27.3 <span class=\"_ _85\"> </span>Credit risk </span><span style=\"display:inherit;clear:left;\">Credit risk represents the company's exposure to potential losses arising from the failure of counterparties to meet </span><span style=\"display:inherit;clear:left;\">their obligations. The non-payment or delayed payment of amounts due could adversely affect Snam's economic results </span><span style=\"display:inherit;clear:left;\">and financial equilibrium. With regard to the risk of counterparty default in contracts of a commercial nature, credit </span><span style=\"display:inherit;clear:left;\">management is entrusted to the responsibility of the business units and to Snam's centralised functions for activities </span><span style=\"display:inherit;clear:left;\">related to credit recovery and any litigation management. </span><span style=\"display:inherit;clear:left;\">For trade receivables, provisions for bad debts reflect the value of expected losses over the life of the receivable and </span><span style=\"display:inherit;clear:left;\">are determined on a collective basis according to the expected credit loss model, in line with the requirements of the </span><span style=\"display:inherit;clear:left;\">relevant accounting standards, or on the basis of individual and analytical assessments for credit exposures that present </span><span style=\"display:inherit;clear:left;\">specific risk elements (e.g., litigation or in the presence of detailed information available on the recoverability of the </span><span style=\"display:inherit;clear:left;\">exposure). For further details, please refer to Note 5 'Significant Accounting Policies<span class=\"_ _c\"></span>' - 'Non-derivative financial assets - </span><span style=\"display:inherit;clear:left;\">receivables and debt securities'.</span><span style=\"display:inherit;clear:left;\">As far as regulated activities are concerned Snam provides its business ser<span class=\"_ _0\"></span>vices to 450 operators in the gas sector<span class=\"_ _c\"></span>, </span><span style=\"display:inherit;clear:left;\">taking into account that the top 10 operators account for about 64% of the entire market (Eni, Enel Global T<span class=\"_ _1\"></span>rading and </span><span style=\"display:inherit;clear:left;\">Edison in the top three places). The rules for customer access to the services offered are laid down by the Authority </span><span style=\"display:inherit;clear:left;\">and are set out in the Codes, i.e. in documents that establish, for each type of service, the rules governing the rights </span><span style=\"display:inherit;clear:left;\">and obligations of the parties involved in the process of selling and providing the services themselves, and that define </span><span style=\"display:inherit;clear:left;\">contractual clauses which significantly reduce the risks of non-compliance by customers. The Codes provide for the </span><span style=\"display:inherit;clear:left;\">granting of guarantees to cover the obligations undertaken. In certain cases, if the customer has a credit rating issued </span><span style=\"display:inherit;clear:left;\">by leading international bodies, the furnishing of these guarantees may be mitigated. The regulatory framework has </span><span style=\"display:inherit;clear:left;\">also provided for specific clauses in order to guarantee the neutrality of the entity in charge of the Balancing activity, </span><span style=\"display:inherit;clear:left;\">which has been carried out since 1 December 2011 by Snam Rete Gas in its capacity as a major transportation company.<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">In particular<span class=\"_ _1\"></span>, the current balancing regulation requires Snam, on the basis of economic merit criteria, to operate </span><span style=\"display:inherit;clear:left;\">mainly by buying and selling via the GME balancing platform, in order to guarantee the resources necessary for the </span><span style=\"display:inherit;clear:left;\">safe and efficient movement of gas from the entry points to the withdrawal points, to ensure the constant balance of </span><span style=\"display:inherit;clear:left;\">the network. For regulated assets, the model for determining expected losses considers the guarantee and hedging </span><span style=\"display:inherit;clear:left;\">mechanisms described above.</span><span style=\"display:inherit;clear:left;\">Within the activities relating to the energy efficiency business, the credit risk is strongly mitigated by the use of </span><span style=\"display:inherit;clear:left;\">incentive tools (Ecobonus-Sismabonus-Superbonus) (however influenced by the risk of managing the obligations </span><span style=\"display:inherit;clear:left;\">relating to \"Superbonus\" and \"Minor Bonus \u201d) which guarantee financial coverage of significant portions of the amounts </span><span style=\"display:inherit;clear:left;\">of the interventions.</span><span style=\"display:inherit;clear:left;\">Snam's maximum exposure to credit risk at 31 December 2023 is represented by the book value of the financial assets </span><span style=\"display:inherit;clear:left;\">shown in the financial statements, commented on in Note 15 'T<span class=\"_ _c\"></span>rade and other receivables'.</span><span style=\"display:inherit;clear:left;\">The breakdown of trade and other receivables by seniority is shown below<span class=\"_ _c\"></span>, with an indication of the gross value and the </span><span style=\"display:inherit;clear:left;\">value net of the provision for bad debt:<span class=\"ls1\"> </span></span><span style=\"display:inherit;clear:left;position:relative;height:263.83984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 315.203px; top: 0.0078125px; width: 315.322px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 194.455px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 19.9141px; width: 85.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 269.406px; top: 26.3203px; width: 35.2734px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 353.797px; top: 26.3203px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 524.422px; top: 26.3359px; width: 35.2734px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 608.828px; top: 26.3359px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 434.047px; top: 33.0859px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 688.844px; top: 33.0859px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 222.594px; top: 39.8203px; width: 78.5156px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rec</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eivables (</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">*)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 322.328px; top: 39.8203px; width: 68.0391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rec</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eivables </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 478.844px; top: 39.8359px; width: 78.5156px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rec</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eivables (</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">*)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 577.109px; top: 39.8359px; width: 68.0391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rec</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eivables </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.7324px; width: 718.846px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Receivables not past due </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 130.195px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,686</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">380</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,066</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,624</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">146</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,770</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0449px; width: 719.133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Receivables past due</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 165px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">558</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.463px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">558</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.621px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">735</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.463px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">735</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.357px; width: 718.723px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">   - 0 to 3 months</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 194.455px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">345</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.463px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">345</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.2772px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">189</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 140.783px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">189</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.686px; width: 719.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">   - 3 to 6 months</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 201.504px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">60</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.102px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">60</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.8105px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.102px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">19</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 171.998px; width: 719.232px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">   - 6 to 12 months</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 194.455px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.102px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.2772px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">315</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.463px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">315</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.311px; width: 719.027px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">   - over 12 months</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 182.455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">130</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 140.783px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">130</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.2772px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">212</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.463px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">212</span></span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 224.623px; width: 718.934px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal trade and other receivables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,244</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">380</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,624</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,359</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">146</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,505</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 254.848px; width: 474.41px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">*  The exposure is net of past due and impaired loans amounting to \u20ac160 million (\u20ac100 million at 31 December 2022).</span></span></span><span style=\"display:inherit;clear:left;\">The net book value of trade receivables due at 31 December 2023 and not written down, amounting to \u20ac735 million, </span><span style=\"display:inherit;clear:left;\">mainly refers to trade receivables of companies operating in regulated businesses; in particular the item refers to: (i) </span><span style=\"display:inherit;clear:left;\">the transportation segment (\u20ac589 million), mainly for receivables from users related to default service items. For these </span><span style=\"display:inherit;clear:left;\">receivables, the hedging mechanisms provided for in the current regulatory framework are in place; (ii) the storage </span><span style=\"display:inherit;clear:left;\">sector (\u20ac77 million), in particular V<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>T invoiced to users for the use of strategic gas unduly withdrawn and not restored by </span><span style=\"display:inherit;clear:left;\">them within the deadlines established by the Storage Code during the 2010 and 2011 financial years. As provided for by </span><span style=\"display:inherit;clear:left;\">regulations in force, V<span class=\"_ _1\"></span>A<span class=\"_ _c\"></span>T variation notes may be issued at the end of insolvency proceedings and enforcement procedures </span><span style=\"display:inherit;clear:left;\">that have remained unsuccessful.</span><span style=\"display:inherit;clear:left;\">The following is a description of debt collection activities involving certain users of the transmission and balancing system </span><span style=\"display:inherit;clear:left;\">as well as the storage system. </span><span style=\"display:inherit;clear:left;\">2<span class=\"_ _c\"></span>7.<span class=\"_ _1\"></span>3.<span class=\"_ _1\"></span>1 <span class=\"_\"> </span>Recovery of receivables from certain users of the transmission and balancing system  </span><span style=\"display:inherit;clear:left;\">The balancing service ensures the security of the network and the proper allocation of costs among market players. </span><span style=\"display:inherit;clear:left;\">Balancing has a dual meaning: physical and commercial. The physical balancing of the system is the set of operations by </span><span style=\"display:inherit;clear:left;\">which Snam Rete Gas, through its Dispatching Department, controls the flow parameters (flow rates and pressures) in real </span><span style=\"display:inherit;clear:left;\">time in order to guarantee the safe and efficient movement of gas from the injection points to the withdrawal points at all </span><span style=\"display:inherit;clear:left;\">times. Commercial balancing is the set of activities necessary for the correct scheduling, accounting and allocation of the </span><span style=\"display:inherit;clear:left;\">gas transported, as well as the system of fees that incentivises users to maintain equality between the quantities injected </span><span style=\"display:inherit;clear:left;\">into and withdrawn from the network. </span><span style=\"display:inherit;clear:left;\">Pursuant to the current balancing regime, introduced by resolution ARG/gas 45/11, which entered into force on 1 </span><span style=\"display:inherit;clear:left;\">December 2011, Snam Rete Gas, in its capacity as Balancing Manager<span class=\"_ _1\"></span>, is required to procure the quantities of gas </span><span style=\"display:inherit;clear:left;\">necessary to balance the system and offered on the market by the Users, through a dedicated platform of Gestore dei </span><span style=\"display:inherit;clear:left;\">Mercati Energetici (GME) and, consequently<span class=\"_ _c\"></span>, provides for the economic regulation of individual unbalanced positions </span><span style=\"display:inherit;clear:left;\">through purchases and sales of gas on the basis of a reference unit price (the so-called principle of economic merit). The </span><span style=\"display:inherit;clear:left;\">Company is also obliged to recover sums used from non-payers to settle their unbalanced positions. </span><span style=\"display:inherit;clear:left;\">Unpaid receivables for the period between 1 December 201<span class=\"_ _1\"></span>1 and 23 October 2012</span><span style=\"display:inherit;clear:left;\">The regulatory framework initially established by the Authority with resolution ARG/gas 155/11 obliged users to provide </span><span style=\"display:inherit;clear:left;\">specific guarantees to cover their exposure and, where Snam Rete Gas had acted diligently and failed to recover the costs </span><span style=\"display:inherit;clear:left;\">connected with the provision of the service, these costs would be recovered through a specific fee determined by the </span><span style=\"display:inherit;clear:left;\">Authority.</span><span style=\"display:inherit;clear:left;\">35</span><span style=\"display:inherit;clear:left;\">With its subsequent resolution 351/2012/R/gas</span><span style=\"display:inherit;clear:left;\">, the Authority provided for the application of the CVBL variable unit fee </span><span style=\"display:inherit;clear:left;\">to cover uncollected amounts owing, arranging for the costs to be recovered to be paid in instalments over a minimum of </span><span style=\"display:inherit;clear:left;\">36 months with a maximum monthly amount of \u20ac6 million.</span><span style=\"display:inherit;clear:left;\">The Authority subsequently started a fact<span class=\"_ _c\"></span>-finding investigation into the manner in which the balancing ser<span class=\"_ _0\"></span>vice was </span><span style=\"display:inherit;clear:left;\">36</span><span style=\"display:inherit;clear:left;\">provided for the period between 1 December 2011 and 23 October 2012</span><span style=\"display:inherit;clear:left;\">. The investigation was closed by the </span><span style=\"display:inherit;clear:left;\">Authority's resolution 144/2013/E/gas of 5 April 2013. On the same date, the Authority: (i) initiated the procedure for the </span><span style=\"display:inherit;clear:left;\">determination of the share of costs resulting from uncollected credits, to be paid to the gas balancing manager<span class=\"_ _1\"></span>, for the </span><span style=\"display:inherit;clear:left;\">period from 1 December 2011 to 23 October 2012; (ii) initiated six sanctions proceedings aimed at establishing violations </span><span style=\"display:inherit;clear:left;\">in the area of natural gas balancing services. </span><span style=\"display:inherit;clear:left;\">With reference to the investigation mentioned in point (i) above, resolution 608/2015/R/gas closing the proceeding was </span><span style=\"display:inherit;clear:left;\">issued, whereby the Authority decided not to recognise a portion of the uncollected amounts owing in relation to specific </span><span style=\"display:inherit;clear:left;\">cases that were the subject of the investigation, without prejudice to Snam Rete Gas's right to retain the receivables </span><span style=\"display:inherit;clear:left;\">relating to the economic balancing items, which may have already been recovered. The Company challenged resolution </span><span style=\"display:inherit;clear:left;\">608/2015/R/gas before the Regional Administrative Court of Milan, which partially upheld the appeal filed by the </span><span style=\"display:inherit;clear:left;\">Company with ruling no. 942/2017, which in turn was partially challenged by the Company and the Authority. The ruling </span><span style=\"display:inherit;clear:left;\">was then confirmed by the Council of State ruling no. 1630/2020.</span><span style=\"display:inherit;clear:left;\">35 <span class=\"_ _94\"> </span>The aforementioned resolution was annulled by the ruling of the Regional Administrative Court of Milan no. 1587/2014, in relation to the obligation for </span><span style=\"display:inherit;clear:left;\">3</span><span style=\"display:inherit;clear:left;\">Users to pay the CVBL fee of \u20ac0.001/Sm</span><span style=\"display:inherit;clear:left;\"> as from 1 October 2012. With the subsequent resolution 372/2014/R/gas, the coefficient was redetermined as </span><span style=\"display:inherit;clear:left;\">3</span><span style=\"display:inherit;clear:left;\">the same amount of 0.001 \u20ac/Sm</span><span style=\"display:inherit;clear:left;\">.</span><span style=\"display:inherit;clear:left;\">36 <span class=\"_ _94\"> </span>The time span covered by the fact-finding investigation initially limited to the period from 1 December 2011 to 31 May 2012 was subsequently extended </span><span style=\"display:inherit;clear:left;\">to 23 October 2012.</span><span style=\"display:inherit;clear:left;\">During the above-mentioned period under investigation, </span><span style=\"display:inherit;clear:left;\">Snam Rete Gas, after having terminated the transportation </span><span style=\"display:inherit;clear:left;\">contracts of the six users involved in the above-mentioned </span><span style=\"display:inherit;clear:left;\">sanctions proceedings, as they were in arrears or in any </span><span style=\"display:inherit;clear:left;\">case in breach of the obligations envisaged in the sector </span><span style=\"display:inherit;clear:left;\">regulation and the Network Code regarding balancing, </span><span style=\"display:inherit;clear:left;\">commenced debt collection actions in respect of the </span><span style=\"display:inherit;clear:left;\">economic items of the balancing and transportation </span><span style=\"display:inherit;clear:left;\">service.</span><span style=\"display:inherit;clear:left;\">The competent Judicial Authorities issued eleven </span><span style=\"display:inherit;clear:left;\">provisionally enforceable injunctions, six of which relate to </span><span style=\"display:inherit;clear:left;\">receivables attributable to the balancing service and five </span><span style=\"display:inherit;clear:left;\">37</span><span style=\"display:inherit;clear:left;\">to receivables for the transportation service</span><span style=\"display:inherit;clear:left;\">, for which </span><span style=\"display:inherit;clear:left;\">Snam Rete Gas has commenced enforcement proceedings </span><span style=\"display:inherit;clear:left;\">that have led to the recovery of negligible amounts with </span><span style=\"display:inherit;clear:left;\">respect to the overall debt position of the Users, also in </span><span style=\"display:inherit;clear:left;\">consideration of the bankruptcy proceedings that have </span><span style=\"display:inherit;clear:left;\">been commenced by all the Users in question.</span><span style=\"display:inherit;clear:left;\">In particular<span class=\"_ _1\"></span>, at present:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>five users have been declared bankrupt. In relation to all </span><span style=\"display:inherit;clear:left;\">five Users, Snam Rete Gas obtained proof of claim in the </span><span style=\"display:inherit;clear:left;\">bankruptcy proceedings for the entire claimed amount, </span><span style=\"display:inherit;clear:left;\">plus interest. As part of one of the aforementioned </span><span style=\"display:inherit;clear:left;\">proceedings, a proposal for composition was filed and </span><span style=\"display:inherit;clear:left;\">approved by the majority of the creditors; the bankruptcy </span><span style=\"display:inherit;clear:left;\">proceedings, following the final distribution, were </span><span style=\"display:inherit;clear:left;\">closed. A second procedure was also recently closed after </span><span style=\"display:inherit;clear:left;\">approval and execution of the final distribution;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>one User submitted an application for admission to </span><span style=\"display:inherit;clear:left;\">a creditor arrangement procedure and the Judicial </span><span style=\"display:inherit;clear:left;\">38</span><span style=\"display:inherit;clear:left;\">Authority issued the order approving the arrange</span><span style=\"display:inherit;clear:left;\">. </span><span style=\"display:inherit;clear:left;\">Unpaid receivables after 23 October 2012</span><span style=\"display:inherit;clear:left;\">In 2013, two additional transportation contracts were </span><span style=\"display:inherit;clear:left;\">terminated and Snam Rete Gas took legal action, obtaining </span><span style=\"display:inherit;clear:left;\">three injunctions for payment, two of which related to </span><span style=\"display:inherit;clear:left;\">receivables attributable to the balancing service and one to<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">the transportation service. Both Users filed objections and<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">the related lawsuits were declared discharged, resulting in </span><span style=\"display:inherit;clear:left;\">the consolidation of the titles acquired by Snam Rete Gas. </span><span style=\"display:inherit;clear:left;\">The enforcement proceedings initiated led to the recovery<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">of negligible amounts with respect to the overall debt </span><span style=\"display:inherit;clear:left;\">position of the Users, who were subsequently declared </span><span style=\"display:inherit;clear:left;\">bankrupt. Snam Rete Gas duly filed its claim in the respective </span><span style=\"display:inherit;clear:left;\">insolvency proceedings. The insolvency proceedings were<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">both concluded with the recovery of minimal amounts in<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">relation to the bankrupt entity\u2019s total debt.</span><span style=\"display:inherit;clear:left;\">37 <span class=\"_ _94\"> </span>Some of the aforementioned injunctions were opposed by the users </span><span style=\"display:inherit;clear:left;\">concerned. In particular<span class=\"_ _c\"></span>, three users, in addition to requesting that the </span><span style=\"display:inherit;clear:left;\">provisional enforceability be suspended and that the injunctions be </span><span style=\"display:inherit;clear:left;\">revoked and/or declared null and void, voidable and/or in any event </span><span style=\"display:inherit;clear:left;\">of no effect, have brought counterclaims seeking an order that Snam </span><span style=\"display:inherit;clear:left;\">Rete Gas pay compensation for the damages they allegedly suffered. </span><span style=\"display:inherit;clear:left;\">The opposition proceedings brought by them were declared discharged </span><span style=\"display:inherit;clear:left;\">with the consequent lapse of the counterclaim and res judicata of the </span><span style=\"display:inherit;clear:left;\">injunctions.</span><span style=\"display:inherit;clear:left;\">38 <span class=\"_ _94\"> </span>A complaint was lodged against the approved decision before the </span><span style=\"display:inherit;clear:left;\">Court of Appeal of Turin, and - given the confirmatory order adopted </span><span style=\"display:inherit;clear:left;\">by the same Court - an appeal was lodged before the Supreme Court of </span><span style=\"display:inherit;clear:left;\">Cassation.</span><span style=\"display:inherit;clear:left;\">In 2014, a further transportation contract was terminated </span><span style=\"display:inherit;clear:left;\">and Snam Rete Gas initiated credit recovery actions, </span><span style=\"display:inherit;clear:left;\">obtaining two provisionally enforceable injunctions, one of </span><span style=\"display:inherit;clear:left;\">which related to receivables attributable to the balancing </span><span style=\"display:inherit;clear:left;\">service and one to the transportation ser<span class=\"_ _0\"></span>vice. The User<span class=\"_ _c\"></span>, </span><span style=\"display:inherit;clear:left;\">moreover<span class=\"_ _1\"></span>, was declared bankrupt and Snam Rete Gas\u2019s </span><span style=\"display:inherit;clear:left;\">proof of claim in the bankruptcy proceedings was admitted </span><span style=\"display:inherit;clear:left;\">for the entire amount claimed, plus interest. </span><span style=\"display:inherit;clear:left;\">Finally, in 2015, a further transportation contract was </span><span style=\"display:inherit;clear:left;\">terminated and Snam Rete Gas initiated the related debt </span><span style=\"display:inherit;clear:left;\">collection actions, obtaining two provisionally enforceable </span><span style=\"display:inherit;clear:left;\">injunctions against the User<span class=\"_ _1\"></span>, one relating to receivables </span><span style=\"display:inherit;clear:left;\">attributable to the balancing service and one to the </span><span style=\"display:inherit;clear:left;\">transportation service. Recently, the User was declared </span><span style=\"display:inherit;clear:left;\">bankrupt and Snam Rete Gas duly filed its claims in the </span><span style=\"display:inherit;clear:left;\">bankruptcy proceedings. In view of the bankrupt entity\u2019s </span><span style=\"display:inherit;clear:left;\">insolvency, the bankruptcy proceedings came to an end. </span><span style=\"display:inherit;clear:left;\">Snam Rete Gas, as already acknowledged in the </span><span style=\"display:inherit;clear:left;\">provisionally enforceable injunctions issued by the Judicial </span><span style=\"display:inherit;clear:left;\">Authority, has behaved correctly and in compliance with </span><span style=\"display:inherit;clear:left;\">the provisions of the transportation contract, the Network </span><span style=\"display:inherit;clear:left;\">Code and in general applicable legislation.</span><span style=\"display:inherit;clear:left;\">Lastly, it should be noted that the Public Prosecutor's </span><span style=\"display:inherit;clear:left;\">Office at the Court of Milan ordered, on 12 February 2016 </span><span style=\"display:inherit;clear:left;\">during preliminary investigations, the preventive seizure as </span><span style=\"display:inherit;clear:left;\">a matter of urgency of movable and immovable property </span><span style=\"display:inherit;clear:left;\">belonging to companies and persons traceable in various </span><span style=\"display:inherit;clear:left;\">ways to five of the above-mentioned Users, and in May </span><span style=\"display:inherit;clear:left;\">2017 closed the investigation, charging the suspects with </span><span style=\"display:inherit;clear:left;\">conspiracy to commit aggravated fraud against Snam Rete </span><span style=\"display:inherit;clear:left;\">Gas. At the preliminary hearing, set for 19 December 2018, </span><span style=\"display:inherit;clear:left;\">the Judge admitted Snam Rete Gas as civil plaintiff<span class=\"_ _c\"></span>. The </span><span style=\"display:inherit;clear:left;\">Court granted the preliminary requests and declared the </span><span style=\"display:inherit;clear:left;\">trial open. </span><span style=\"display:inherit;clear:left;\">The criminal proceedings ended with a conviction, on </span><span style=\"display:inherit;clear:left;\">15 February 2023, against the defendants Mr. Giuli and </span><span style=\"display:inherit;clear:left;\">Mr<span class=\"_ _1\"></span>. Moretti, both sentenced respectively to 9 years and </span><span style=\"display:inherit;clear:left;\">5 years and 6 months of imprisonment, as well as to the </span><span style=\"display:inherit;clear:left;\">payment (as compensation for damages) of a provisional </span><span style=\"display:inherit;clear:left;\">sum of \u20ac8 million in favour of Snam Rete Gas, in addition </span><span style=\"display:inherit;clear:left;\">to the reimbursement of legal costs. An appeal was lodged </span><span style=\"display:inherit;clear:left;\">against the sentence, in the interest of Snam Rete Gas, on </span><span style=\"display:inherit;clear:left;\">28 June 2023, limited to the civil terms. Notification of the </span><span style=\"display:inherit;clear:left;\">date of the hearing before the Court of Appeal of Milan is </span><span style=\"display:inherit;clear:left;\">pending.</span><span style=\"display:inherit;clear:left;\">These criminal proceedings arose as a result of the criminal </span><span style=\"display:inherit;clear:left;\">complaint (and subsequent supplementary acts) that Snam </span><span style=\"display:inherit;clear:left;\">Rete Gas had filed, as the injured party, in October 2012 for </span><span style=\"display:inherit;clear:left;\">the crimes of forgery and aggravated fraud. </span><span style=\"display:inherit;clear:left;\">27.3.2 <span class=\"_ _10\"> </span>Recovery of receivables from storage system users<span class=\"_ _0\"></span>  </span><span style=\"display:inherit;clear:left;\">Withdrawals from strategic storage carried out by three </span><span style=\"display:inherit;clear:left;\">Users, invoiced by Stogit and not restored by the User </span><span style=\"display:inherit;clear:left;\">within the terms set out in the Storage Code</span><span style=\"display:inherit;clear:left;\">Following withdrawals from strategic storage by a User </span><span style=\"display:inherit;clear:left;\">in 2010, Stogit initiated debt collection actions, obtaining </span><span style=\"display:inherit;clear:left;\">an injunction with provisional enforceability confirmed </span><span style=\"display:inherit;clear:left;\">in the summons filed by the counterparty. Appropriate </span><span style=\"display:inherit;clear:left;\">enforcement actions were consequently initiated.</span><span style=\"display:inherit;clear:left;\">In relation to withdrawals and the failure to restore </span><span style=\"display:inherit;clear:left;\">strategic gas also in the first few months of 2011, Stogit </span><span style=\"display:inherit;clear:left;\">requested and obtained a second provisionally enforceable </span><span style=\"display:inherit;clear:left;\">injunction for the additional amounts accrued.</span><span style=\"display:inherit;clear:left;\">In addition, emergency proceedings were initiated for all </span><span style=\"display:inherit;clear:left;\">unduly withdrawn gas to be restored, which ended with the </span><span style=\"display:inherit;clear:left;\">conviction of the debtor<span class=\"_ _1\"></span>, who also had their subsequent </span><span style=\"display:inherit;clear:left;\">application for injunctive relief rejected. </span><span style=\"display:inherit;clear:left;\">In 2012, the aforementioned User and two other Users </span><span style=\"display:inherit;clear:left;\">(who also defaulted with Stogit) were admitted to the </span><span style=\"display:inherit;clear:left;\">creditor arrangement procedure, in which Stogit duly </span><span style=\"display:inherit;clear:left;\">settled their claims.</span><span style=\"display:inherit;clear:left;\">Moreover<span class=\"_ _1\"></span>, following sub-proceedings to revoke the </span><span style=\"display:inherit;clear:left;\">arrangement, the Court of Asti declared the bankruptc<span class=\"_ _0\"></span>y </span><span style=\"display:inherit;clear:left;\">of two of the aforementioned Users. In both cases, Stogit </span><span style=\"display:inherit;clear:left;\">promptly applied for proof of claim in the bankruptcy </span><span style=\"display:inherit;clear:left;\">proceedings and its claims were admitted.</span><span style=\"display:inherit;clear:left;\">On the other hand, the arrangement procedure concerning </span><span style=\"display:inherit;clear:left;\">the third User is continuing, for which approval has been </span><span style=\"display:inherit;clear:left;\">obtained and against which a claim has been filed by one of </span><span style=\"display:inherit;clear:left;\">the creditors. The Turin Court of Appeal gave confirmation </span><span style=\"display:inherit;clear:left;\">and, the appeal is currently pending before the Court of </span><span style=\"display:inherit;clear:left;\">Cassation.</span><span style=\"display:inherit;clear:left;\">Withdrawals from strategic storage carried out by </span><span style=\"display:inherit;clear:left;\">a User<span class=\"_ _1\"></span>, invoiced by Stogit and not restored by the </span><span style=\"display:inherit;clear:left;\">User within the terms set out in the Storage Code, </span><span style=\"display:inherit;clear:left;\">attributable to the thermal years 2010-201<span class=\"_ _1\"></span>1 and 201<span class=\"_ _c\"></span>1-</span><span style=\"display:inherit;clear:left;\">2012</span><span style=\"display:inherit;clear:left;\">Stogit brought an action before the Civil Court of Milan for </span><span style=\"display:inherit;clear:left;\">the purpose of obtaining a provisionally enforceable order of </span><span style=\"display:inherit;clear:left;\">payment injunction pursuant to Article186 ter against a User<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">At present, even after partial amounts of gas had been<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">restored after the court action had been taken, approximately </span><span style=\"display:inherit;clear:left;\">3</span><span style=\"display:inherit;clear:left;\">23.6 million Sm</span><span style=\"display:inherit;clear:left;\"> still have to be returned to Stogit.<span class=\"_ _0\"></span>  </span><span style=\"display:inherit;clear:left;\">Stogit then took appropriate enforcement actions.</span><span style=\"display:inherit;clear:left;\">The Court of Rome then declared the user bankrupt and </span><span style=\"display:inherit;clear:left;\">Stogit filed its claim, which was admitted to the bankruptcy </span><span style=\"display:inherit;clear:left;\">proceedings.</span><span style=\"display:inherit;clear:left;\">Withdrawals from strategic storage made by a User<span class=\"_ _1\"></span>, </span><span style=\"display:inherit;clear:left;\">invoiced by Stogit and not restored by the User within </span><span style=\"display:inherit;clear:left;\">the terms set out in the Storage Code, attributable to </span><span style=\"display:inherit;clear:left;\">the months of October and November 201<span class=\"_ _1\"></span>1</span><span style=\"display:inherit;clear:left;\">Stogit brought an action before the Civil Court of Milan, </span><span style=\"display:inherit;clear:left;\">seeking to obtain the issue of a provisionally enforceable </span><span style=\"display:inherit;clear:left;\">order of payment injunction against undue withdrawals, in </span><span style=\"display:inherit;clear:left;\">3</span><span style=\"display:inherit;clear:left;\">respect of which approximately 56.0 million Sm</span><span style=\"display:inherit;clear:left;\"> still had </span><span style=\"display:inherit;clear:left;\">to be repaid to Stogit.</span><span style=\"display:inherit;clear:left;\">While the proceedings were pending, the Court of Rome </span><span style=\"display:inherit;clear:left;\">declared the User bankrupt. Consequently, the Civil </span><span style=\"display:inherit;clear:left;\">Court of Milan declared the end of the legal action and </span><span style=\"display:inherit;clear:left;\">Stogit therefore filed its claim, which was admitted to the </span><span style=\"display:inherit;clear:left;\">bankruptcy proceedings, in which the final distribution </span><span style=\"display:inherit;clear:left;\">of assets was made and, consequently, in 2020, the </span><span style=\"display:inherit;clear:left;\">proceedings were closed with no amounts paid in favour </span><span style=\"display:inherit;clear:left;\">of the Company.</span><span style=\"display:inherit;clear:left;\">27.4 <span class=\"_ _85\"> </span>Liquidity risk </span><span style=\"display:inherit;clear:left;\">Liquidity risk represents the risk that, due to the inability </span><span style=\"display:inherit;clear:left;\">to raise new funds (funding liquidity risk) or to liquidate </span><span style=\"display:inherit;clear:left;\">assets on the market (asset liquidity risk), the company is<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">unable to meet its payment commitments, thus causing </span><span style=\"display:inherit;clear:left;\">an impact on the economic result in the event that the </span><span style=\"display:inherit;clear:left;\">company is forced to incur additional costs to meet its </span><span style=\"display:inherit;clear:left;\">commitments or<span class=\"_ _1\"></span>, as an extreme consequence, a situation </span><span style=\"display:inherit;clear:left;\">of insolvency that puts the company's business at risk.</span><span style=\"display:inherit;clear:left;\">Snam's Risk Management objective is to put in place, </span><span style=\"display:inherit;clear:left;\">within the framework of the Strategic Plan, a financial </span><span style=\"display:inherit;clear:left;\">structure that is consistent with business objectives and </span><span style=\"display:inherit;clear:left;\">guarantees an adequate level of liquidity for the Group, </span><span style=\"display:inherit;clear:left;\">minimising the related opportunity cost and maintaining a </span><span style=\"display:inherit;clear:left;\">balance in terms of duration and debt composition.</span><span style=\"display:inherit;clear:left;\">Snam's goal is therefore to maintain a balanced debt </span><span style=\"display:inherit;clear:left;\">structure, in terms of the composition between debenture </span><span style=\"display:inherit;clear:left;\">loans and bank receivables and the availability of undrawn </span><span style=\"display:inherit;clear:left;\">committed bank credit lines, in keeping with the business </span><span style=\"display:inherit;clear:left;\">profile and regulatory context in which Snam operates.</span><span style=\"display:inherit;clear:left;\">In addition, the financial market is characterised by a </span><span style=\"display:inherit;clear:left;\">steady growth in sources of financing for companies that </span><span style=\"display:inherit;clear:left;\">are able to improve the environmental impact of their </span><span style=\"display:inherit;clear:left;\">investments. Investor interest is linked to and conditional </span><span style=\"display:inherit;clear:left;\">on the ability of the companies themselves to achieve </span><span style=\"display:inherit;clear:left;\">certain goals in terms of environmental sustainability.  </span><span style=\"display:inherit;clear:left;\">With a view to the correct management of liquidity risk, </span><span style=\"display:inherit;clear:left;\">the diversification of funding sources, including the use </span><span style=\"display:inherit;clear:left;\">of sustainable finance instruments, is therefore crucial to </span><span style=\"display:inherit;clear:left;\">guaranteeing companies broad access to financial markets </span><span style=\"display:inherit;clear:left;\">at competitive costs, with consequent positive effects on </span><span style=\"display:inherit;clear:left;\">their financial position and performance. </span><span style=\"display:inherit;clear:left;\">Likewise, for Snam, the failure to achieve certain KPIs in the ESG area, within the Group<span class=\"_ _c\"></span>'s general objective of making its </span><span style=\"display:inherit;clear:left;\">business more sustainable in the medium to long term, could lead to higher financing costs or the failure to access certain </span><span style=\"display:inherit;clear:left;\">sources of financing.</span><span style=\"display:inherit;clear:left;\">Mitigating this risk also involves Snam's extreme focus on ESG issues, traditionally a significant and structured part </span><span style=\"display:inherit;clear:left;\">of the company's strategy. Consistent with this approach, since 2018, Snam has increasingly used sustainable finance </span><span style=\"display:inherit;clear:left;\">instruments, reaching the target of 80% of total 'committed' sources in 2023 three years early. With the presentation of </span><span style=\"display:inherit;clear:left;\">the 2023-27 Strategic Plan, the target was raised to 85% of total funding, to be reached by 2027.</span><span style=\"display:inherit;clear:left;\">Specifically, in 2023, Snam issued on the bond market (i) in September<span class=\"_ _1\"></span>, its first EU T<span class=\"_ _1\"></span>axonomy-Aligned Transition Bond </span><span style=\"display:inherit;clear:left;\">convertible into existing Italgas ordinary shares and maturing in 2028 for a nominal amount of \u20ac500 million, and (ii) in </span><span style=\"display:inherit;clear:left;\">November<span class=\"_ _1\"></span>, its second EU Tax<span class=\"_ _c\"></span>onomy-Aligned Transition Bond for \u20ac650 million to finance energy transition projects and, </span><span style=\"display:inherit;clear:left;\">in particular<span class=\"_ _1\"></span>, the Eligible Projects defined in Snam's Sustainable Finance Framework published in November 2021. During </span><span style=\"display:inherit;clear:left;\">the year<span class=\"_ _1\"></span>, Snam also finalised with major relationship banks (i) bank loans for \u20ac1.4 billion, in a Green loan and KPI-linked </span><span style=\"display:inherit;clear:left;\">format (ii) a KPI-linked Revolving Credit F<span class=\"_ _1\"></span>acility (RCF) with a pool of banks for a total amount of \u20ac1.8 billion, backed by a </span><span style=\"display:inherit;clear:left;\">SupportItalia guarantee issued by SACE covering 80% of the amount. Lastly, in November 2023, Snam renewed its Euro </span><span style=\"display:inherit;clear:left;\">Commercial Paper programme, increased from \u20ac2.5 billion to \u20ac3.5 billion and associated with environmental and social </span><span style=\"display:inherit;clear:left;\">sustainability objectives in line with the sustainable loan, obtaining for the instrument an initial ESG rating of EE assigned </span><span style=\"display:inherit;clear:left;\">by the ESG rating company Standard Ethics, increased to EE+ during 2022 and confirmed in November 2023. </span><span style=\"display:inherit;clear:left;\">In this regard, it should be noted that: (i) in February 2024, a new Sustainable Finance Framework was published for the </span><span style=\"display:inherit;clear:left;\">issue of green and sustainability-linked financial instruments to reinforce the company's continued commitment to the </span><span style=\"display:inherit;clear:left;\">energy transition; (ii) Snam received a Second Party Opinion from ISS; (iii) based on the new framework, a \u20ac1.5 billion </span><span style=\"display:inherit;clear:left;\">sustainable loan was issued in February 2024, in dual tranches with the first \u20ac500 million Snam Green Bond and a \u20ac1 billion </span><span style=\"display:inherit;clear:left;\">Sustainability-Linked Bond (SLB<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">Lastly, at 31 December 2023, Snam had unused committed long-term credit lines worth approximately \u20ac6.2 billion, of </span><span style=\"display:inherit;clear:left;\">which: (i) pooled credit lines of \u20ac5.0 billion; (ii) Revolving Credit F<span class=\"_ _c\"></span>acilities (RCF) for a total of 1.2 billion. At 31 December </span><span style=\"display:inherit;clear:left;\">2023, Snam had a Euro Medium T<span class=\"_ _1\"></span>erm Notes (EMTN) programme in place for a maximum total nominal value of 13 billion, </span><span style=\"display:inherit;clear:left;\">of which \u20ac9.4 billion drawn, and a Euro Commercial Paper Programme (E<span class=\"_ _c\"></span>CP) for a maximum total nominal value of \u20ac9.4 </span><span style=\"display:inherit;clear:left;\">billion, of which \u20ac2.7 billion drawn at 31 December 2023.</span><span style=\"display:inherit;clear:left;\">Snam's cash and cash equivalents mainly refer to current accounts and bank deposits that are readily collectable.</span><span style=\"display:inherit;clear:left;\">The Group's main long-term financial debts contain covenants typical of international practice concerning, inter alia, </span><span style=\"display:inherit;clear:left;\">negative pledge and pari passu clauses. F<span class=\"_ _c\"></span>ailure to comply with these clauses, as well as the occurrence of other events, </span><span style=\"display:inherit;clear:left;\">such as cross-default events, may result in Snam\u2019s default and, possibly, may cause the related loan to become due </span><span style=\"display:inherit;clear:left;\">in advance, leading to additional costs and/or liquidity problems. Commitments do not include covenants requiring </span><span style=\"display:inherit;clear:left;\">compliance with economic and/or financial ratios. </span><span style=\"display:inherit;clear:left;\">Among the factors that define the risk perceived by the market, creditworthiness, assigned to Snam by rating agencies, </span><span style=\"display:inherit;clear:left;\">plays a decisive role since it influences the ability to access sources of financing and the related economic conditions. A </span><span style=\"display:inherit;clear:left;\">worsening of this creditworthiness could, therefore, limit access to the capital market and/or increase the cost of financing </span><span style=\"display:inherit;clear:left;\">sources, with consequent negative effects on the Group's financial position and performance.</span><span style=\"display:inherit;clear:left;\">Snam's long-term rating is equal to: (i) Baa2 with a stable outlook, confirmed on 9 February 2024 by Moody's Investor </span><span style=\"display:inherit;clear:left;\">Services; (ii) BBB+ with a stable outlook, confirmed on 27 Februar<span class=\"_ _0\"></span>y 2024 by Standard &amp; Poor's Global Rating ('S&amp;P'); (iii) </span><span style=\"display:inherit;clear:left;\">BBB+ with a stable outlook, confirmed on 28 March 2024 by Fitch Ratings ('Fitch'). Snam<span class=\"_ _c\"></span>\u2019s long-term rating by Moody\u2019s, </span><span style=\"display:inherit;clear:left;\">Fitch and Standard &amp; Poor\u2019s is a notch higher than that of Italian sovereign debt. Based on the methodology adopted by </span><span style=\"display:inherit;clear:left;\">Moody's and S&amp;P<span class=\"_ _1\"></span>, a one notch downgrade of the Italian Republic's current rating would trigger a likely corresponding </span><span style=\"display:inherit;clear:left;\">downward adjustment of Snam's current rating. In this regard, it should be noted that on 17 November 2023 Moody's </span><span style=\"display:inherit;clear:left;\">confirmed the rating of the Italian Republic, improving the outlook to stable from negative; this action led to the revision </span><span style=\"display:inherit;clear:left;\">of Snam's outlook from negative to stable on 21 November 2023. The next rating agency reviews for the Italian Republic </span><span style=\"display:inherit;clear:left;\">are scheduled for 19 April 2024 for S&amp;P<span class=\"_ _1\"></span>, 3 May 2024 for Fitch, and 31 May 2024 for Moody's.</span><span style=\"display:inherit;clear:left;\">Although the Snam Group has relationships with diversified counterparties with a high credit standing, based on a policy </span><span style=\"display:inherit;clear:left;\">of managing and continuously monitoring their active credit risk, the default of an active counterparty or the difficulty of </span><span style=\"display:inherit;clear:left;\">selling off assets on the market could have a negative impact on the Snam Group<span class=\"_ _c\"></span>'s financial position and performance.</span><span style=\"display:inherit;clear:left;\">The following table shows the amounts of contractually due payments related to financial debts and liabilities for leased </span><span style=\"display:inherit;clear:left;\">assets, including interest payments, and liabilities for derivative instruments: </span><span style=\"display:inherit;clear:left;position:relative;height:646.85546875px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 474.203px; top: 0.0078125px; width: 130.143px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Contractual c</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ash flows</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 281.422px; top: 27.5078px; width: 66.4453px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Book value </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 34.2422px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 367.172px; top: 34.2578px; width: 354.105px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal flows</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 20.7422px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.2578px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.2578px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.2578px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2026</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.2578px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2027</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.9648px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">After</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 269.453px; top: 41.0078px; width: 75.2812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">at 31.12.2022</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 67.9043px; width: 720.469px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bank loans</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 255.85px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,860</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,851</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">618</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">721</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">237</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">152</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">227</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">896</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 94.2168px; width: 720.141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Debenture loans (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 207.393px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,457</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,459</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">718</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,171</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,267</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,550</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">553</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,200</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 120.529px; width: 478.055px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Euro C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ommercial Paper - E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">CP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 157.184px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,128</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,130</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,130</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 146.842px; width: 720.744px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Interest on loans</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 232.635px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">803</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">803</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">147</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">132</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">111</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">96</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">70</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">247</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 173.17px; width: 720.223px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial payables for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 138.527px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">33</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">33</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 199.482px; width: 672.082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other lenders</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 248.326px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">202</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">202</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 173.929px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">200</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 225.795px; width: 477.879px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade payables and other payables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.082px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8,129</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8,129</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">8,129</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 252.107px; width: 170.918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ONTRACTUAL FLO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">WS </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 308.391px; top: 258.873px; width: 412.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">22,612</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">22,607</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 13.4824px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">10,751</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.84766px; display: inline-block;\"> </span></span></span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,030</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.9648px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,620</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.9648px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,803</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.9648px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,052</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.9648px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5,351</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 265.607px; width: 146.836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">OF FINANCIAL LIABILITIES</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 295.848px; width: 352.113px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)    Future payments include the cash flo</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">w generated by hedging derivative c</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ontracts.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 474.203px; top: 339.914px; width: 130.143px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Contractual c</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ash flows</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 281.422px; top: 369.539px; width: 66.4453px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Book value </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 376.273px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 367.172px; top: 376.289px; width: 354.105px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal flows</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 20.7422px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.2578px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.2578px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2026</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.2578px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2027</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.2578px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2028</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.9648px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">After</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 269.453px; top: 383.039px; width: 75.2812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">at 31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 409.92px; width: 720.469px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bank loans</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 255.85px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,549</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,527</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">980</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">486</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">916</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">241</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">113</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">791</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 436.248px; width: 720.135px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Debenture loans (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 207.393px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,876</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,891</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,172</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,267</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,550</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">552</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,100</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,250</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 462.561px; width: 717.404px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Euro C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ommercial Paper - E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">CP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 157.184px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,679</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,681</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,681</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7324px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 488.873px; width: 720.352px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Interest on loans</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 223.295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,034</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,034</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">247</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">202</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">171</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">116</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">91</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">207</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 515.186px; width: 720.357px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial payables for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 138.527px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">43</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">43</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.5059px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 541.514px; width: 717.768px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other lenders</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 248.326px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">505</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">502</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7324px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 567.826px; width: 718.102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade payables and other payables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.082px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6,466</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6,466</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">6,422</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">43</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7324px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 594.139px; width: 170.918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ONTRACTUAL FLO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">WS </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 308.391px; top: 600.889px; width: 413.162px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">23,118</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24,144</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 13.9746px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">11,513</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 18.8672px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.84766px; display: inline-block;\"> </span></span></span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,006</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.9648px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,644</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.9648px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,413</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.9648px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,307</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.9648px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5,261</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 607.639px; width: 146.836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">OF FINANCIAL LIABILITIES</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 637.863px; width: 352.113px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)    Future payments include the cash flo</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">w generated by hedging derivative c</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ontracts.</span></span></span><span style=\"display:inherit;clear:left;\">With reference to the timing of payments in respect of trade and other payables, please refer to Note 22 'T<span class=\"_ _c\"></span>rade and other </span><span style=\"display:inherit;clear:left;\">payables'.</span><span style=\"display:inherit;clear:left;\">27.5 <span class=\"_ _85\"> </span>Fair value of financial instruments</span><span style=\"display:inherit;clear:left;\">accordance with IFRS 13, according to the fair value hierarchy defined according to the significance of the inputs used </span><span style=\"display:inherit;clear:left;\">in the valuation process. In particular<span class=\"_ _1\"></span>, depending on the characteristics of the inputs used for valuation, the fair value </span><span style=\"display:inherit;clear:left;\">hierarchy has the following levels:</span><span style=\"display:inherit;clear:left;\">a) <span class=\"_ _84\"> </span>L<span class=\"_ _c\"></span>evel 1:<span class=\"ff7b\"> quoted prices (unmodified) in active markets for identical assets or liabilities that the entity can access at the </span></span><span style=\"display:inherit;clear:left;\">measurement date;</span><span style=\"display:inherit;clear:left;\">b) <span class=\"_ _3f0\"> </span>Level 2: <span class=\"ff7b\">inputs other than quoted mark<span class=\"_ _c\"></span>et prices included within Level 1 that are observable for the asset or liability, </span></span><span style=\"display:inherit;clear:left;\">either directly (such as prices) or indirectly (derived from prices<span class=\"_ _c\"></span>);</span><span style=\"display:inherit;clear:left;\">c) <span class=\"_ _94\"> </span>Level 3: <span class=\"ff7b\">inputs are unobservable inputs.</span></span><span style=\"display:inherit;clear:left;\">In connection with the above, assets and liabilities measured at fair value at 31 December 2023 are classified as follows: </span><span style=\"display:inherit;clear:left;position:relative;height:286.58984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 364.984px; top: 0.0078125px; width: 279.234px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Fair V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">alue</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 164.444px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Fair V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">alue</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 19.9141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 291.469px; top: 26.3359px; width: 62.9297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 368.031px; top: 26.3359px; width: 31.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 416.328px; top: 26.3359px; width: 31.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 465.5px; top: 26.3359px; width: 34.0488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 512.328px; top: 26.3359px; width: 62.9297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 590.031px; top: 26.3359px; width: 31.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 638.469px; top: 26.3359px; width: 34.0488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 686.984px; top: 26.3359px; width: 31.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 245.703px; top: 33.6543px; width: 33.4102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Notes</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 291.469px; top: 39.8359px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 392.312px; top: 39.8359px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 440.547px; top: 39.8359px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 489.109px; top: 39.8359px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 512.328px; top: 39.8359px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 614.844px; top: 39.8359px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 662.469px; top: 39.8359px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 711.766px; top: 39.8359px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.1484px; width: 179.695px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Minority investments ac</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">count</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ed</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 253.25px; top: 73.4824px; width: 465.141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(11)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">52</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.5059px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.4727px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.4727px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">41</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.6484px; width: 79.0371px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for at FV</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TOCI </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.977px; width: 718.424px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Contingent c</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">onsideration (</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">earn-out) (a)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">25</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 132.434px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">25</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">282</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.822px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">282</span></span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.289px; width: 669.902px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Securities and fund units</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 111.346px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(11)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.9531px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 118.365px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.9531px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">7</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.617px; width: 669.785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assets for hedging derivati</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ves </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 76.377px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(13)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.5509px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 118.365px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.5252px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">4</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 185.498px; width: 669.768px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- rates</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 311.121px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.5509px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 118.365px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.5252px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.811px; width: 670.143px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- commodities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 492.78px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.5509px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.123px; width: 200.021px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Liabilities for non-hedging financial </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 253.25px; top: 244.889px; width: 416.414px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(21)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 276.416px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(14)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.5918px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">(14)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 251.623px; width: 61.8516px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">derivatives</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 277.598px; width: 346.846px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(a) This item is classified in Note 22 'T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade and Other Payables - Inv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">estment Payables'.</span></span></span><span style=\"display:inherit;clear:left;\">Minority equity investments valued at FV<span class=\"_ _0\"></span>TOCI (\u20ac50 million) essentially refer to the companies Adriatic LNG and Storegga </span><span style=\"display:inherit;clear:left;\">Limited, classified as Level 3, and the company ITM Power<span class=\"_ _1\"></span>, classified as Level 1. </span><span style=\"display:inherit;clear:left;\">Contingent considerations (\u20ac282 million), classified as Level 3, refer to the estimated earn-outs contractually agreed upon </span><span style=\"display:inherit;clear:left;\">in the context of transactions to acquire equity investments.</span><span style=\"display:inherit;clear:left;\">Securities and fund units (\u20ac7 million), classified as level 2, relate to units in the Clean H2 Infra F<span class=\"_ _c\"></span>und (HY24) and CDP </span><span style=\"display:inherit;clear:left;\">Corporate Partners I - Energy T<span class=\"_ _1\"></span>ech Fund.</span><span style=\"display:inherit;clear:left;\">Financial derivative assets for hedging purposes (\u20ac4 million), classified as level 2, refer to derivative contracts used to </span><span style=\"display:inherit;clear:left;\">hedge the risk of fluctuations in interest rates and commodity prices.</span><span style=\"display:inherit;clear:left;\">Financial derivative liabilities for non-hedging purposes (\u20ac14 million), classified as level 2, refer to the optional component </span><span style=\"display:inherit;clear:left;\">embedded in the debenture loan convertible into Italgas S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. ordinary shares.</span><span style=\"display:inherit;clear:left;\">During 2023, there were no transfers between the different levels of the fair value hierarchy.</span><span style=\"display:inherit;clear:left;\">27.6 <span class=\"_ _3f0\"> </span>Financial assets and financial liabilities not measured at fair value</span><span style=\"display:inherit;clear:left;\">The table below shows, for each class of assets and liabilities not measured at fair value in the Statement of Financial </span><span style=\"display:inherit;clear:left;\">Position, but for which fair value must be disclosed, the fair value at the end of the period in which the valuation was </span><span style=\"display:inherit;clear:left;\">39</span><span style=\"display:inherit;clear:left;\">made</span><span style=\"display:inherit;clear:left;\">: </span><span style=\"display:inherit;clear:left;position:relative;height:218.87109375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 263.891px; top: 0.0078125px; width: 23.9766px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Fair </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 548.875px; top: 0.0078125px; width: 23.9766px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Fair </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 161.797px; top: 6.74219px; width: 57.6504px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 305.156px; top: 6.75781px; width: 34.0488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 361.266px; top: 6.75781px; width: 31.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 407.484px; top: 6.75781px; width: 31.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 446.312px; top: 6.75781px; width: 57.6504px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 590.375px; top: 6.77344px; width: 31.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 645.094px; top: 6.77344px; width: 31.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 687.922px; top: 6.77344px; width: 31.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 13.4922px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 241.672px; top: 13.5078px; width: 46.6699px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">value at </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 526.359px; top: 13.5078px; width: 46.6699px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">value at </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 160.125px; top: 20.2422px; width: 55.6348px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 328.453px; top: 20.2578px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 383.703px; top: 20.2578px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 430.5px; top: 20.2578px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 446.312px; top: 20.2578px; width: 55.6348px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 615.234px; top: 20.2734px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 669.672px; top: 20.2734px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 711.172px; top: 20.2734px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 226.422px; top: 27.0078px; width: 58.0371px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 511.469px; top: 27.0078px; width: 58.0371px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.9043px; width: 111.604px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Long-term financial </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 196.188px; top: 60.6699px; width: 479.432px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">102</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">95</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">95</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.9142px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">82</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">83</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">83</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 67.4043px; width: 80.6309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">receivables (a)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.7324px; width: 620.174px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Debenture loans (b)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.9784px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(9,351)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.5195px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,089)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.2344px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,089)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 127.148px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(9,769)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.5195px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,977)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.2344px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,977)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 120.061px; width: 620.438px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- fixed rate </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.086px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(9,351)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,089)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 13.4824px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,089)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.15px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(9,769)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,977)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 13.4824px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,977)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 146.373px; width: 675.428px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bank loans (b)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.7147px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,460)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,369)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,369)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,326)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.5195px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,251)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,251)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 172.686px; width: 676.049px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- fixed rate</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.022px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,460)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,369)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.4784px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,369)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.2772px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,326)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.0234px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,251)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,251)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.629px; width: 383.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">a) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 2.83008px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">For further details, please refer to Note 11 'Other current and non-current financial assets'.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 209.879px; width: 323.004px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">b) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 2.30859px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">For further details, see Note 17 'C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">urrent and non-current financial liabilities'.</span></span></span><span style=\"display:inherit;clear:left;\">27.7 <span class=\"_ _3f0\"> </span>Other information on financial instruments</span><span style=\"display:inherit;clear:left;\">The value at which financial instruments are recognised and their economic and equity effects are analysed as follows: </span><span style=\"display:inherit;clear:left;position:relative;height:425.40234375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 286.219px; top: 0.0078125px; width: 416.074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Income (</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">expenses) recognised in</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Income (</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">expenses) recognised in</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 453.188px; top: 26.3359px; width: 35.0332px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 684.266px; top: 26.3359px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 33.4141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 353.641px; top: 33.0859px; width: 36.8203px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Profit </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 582.938px; top: 33.0859px; width: 36.8203px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Profit </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 272.641px; top: 39.8359px; width: 58.9688px; white-space: pre; word-spacing: 0px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 404.953px; top: 39.8359px; width: 83.5254px; white-space: pre; word-spacing: 0px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">components of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 501.156px; top: 39.8359px; width: 58.9688px; white-space: pre; word-spacing: 0px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 632.906px; top: 39.8359px; width: 88.5645px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">components of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 227.438px; top: 46.5859px; width: 34.5176px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Notes</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 340.781px; top: 46.5859px; width: 49.4297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and loss </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 571.453px; top: 46.5859px; width: 49.4297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and loss </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 270.656px; top: 53.3359px; width: 56.8359px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 403.531px; top: 53.3359px; width: 84.6973px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">compr</span><span style=\"word-spacing: 0.36px; letter-spacing: -0.36px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ehensive </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 499.906px; top: 53.3359px; width: 56.8359px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 631.188px; top: 53.3359px; width: 89.373px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">compr</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ehensive </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 343.75px; top: 60.0859px; width: 44.4551px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">acc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ount</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 573.375px; top: 60.0859px; width: 44.4551px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">acc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ount</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 446.312px; top: 66.8359px; width: 39.0176px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 676.938px; top: 66.8359px; width: 41.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.7168px; width: 714.744px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade and other receivables</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 85.7168px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(15)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,624</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(17)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.7071px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,505</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(61)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 120.029px; width: 714.768px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Ecobonus/Sismabonus Credits </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(13)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">85</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.8926px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">345</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 146.357px; width: 175.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial receivables measured </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 234.203px; top: 153.107px; width: 480.65px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(11)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.8614px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">118</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">102</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.857px; width: 113.824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">at amortised cost (a</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 186.186px; width: 182.104px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Minority investments acc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ounted </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 234.203px; top: 192.936px; width: 483.51px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(11)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">52</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(44)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 199.686px; width: 76.1309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for at FVTOCI</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 226.014px; width: 172.225px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Hedging derivatives measured </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 234.203px; top: 232.764px; width: 486.006px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(13)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.5196px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.9531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 239.514px; width: 84.5918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">at fair value (b)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 265.842px; width: 197.438px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-hedging derivatives measured </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 234.203px; top: 272.592px; width: 480.48px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(21)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.5918px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(14)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 279.342px; width: 83.8477px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">at fair value (a)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 305.67px; width: 188.701px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current and non-current financial </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 234.203px; top: 312.42px; width: 480.428px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(17)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.3691px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(13,680)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.5058px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(175)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(16,552)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(295)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 319.17px; width: 215.584px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities measured at amortised cost (a</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 345.498px; width: 714.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade and other payables (c)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 76.8517px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(22)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,129)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.6835px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(30)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.8926px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(6,466)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(17)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 371.41px; width: 296.531px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(a) The economic effects were recognised under 'Net financial expenses'.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 382.66px; width: 717.146px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(b) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">The effects on the income statement relate t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o the ineffective portion, if any. The differentials related t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o the hedging portion were recognised to net the economic effects of </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 12.5312px; top: 393.91px; width: 128.133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">the related hedged instrument.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 405.16px; width: 707.186px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(c) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">The economic effects, relating to the fair value measurement of contractually agreed earn-outs, were recognised under 'Net financial expenses'. In 2022, they were mainly </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 12.5312px; top: 416.41px; width: 228.656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">recognised under 'Net income from equity in</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vestments'.</span></span></span><span style=\"display:inherit;clear:left;\">39 <span class=\"_ _94\"> </span>Please note that we have excluded from the table assets and liabilities natively at variable interest rates and financial liabilities for leased assets.</span><span style=\"display:inherit;clear:left;\">28) <span class=\"_ _35\"> </span>CRIMINAL <span class=\"_ _1\"></span>AND T<span class=\"_ _1\"></span>AX LITIGA<span class=\"_ _11\"></span>TION </span><span style=\"display:inherit;clear:left;\">AND PROCEEDINGS WITH THE </span><span style=\"display:inherit;clear:left;\">REGULA<span class=\"_ _11\"></span>TOR<span class=\"_ _c\"></span>Y AUTHORITY<span class=\"_ _1\"></span> ARERA </span><span style=\"display:inherit;clear:left;\">Snam is a party in civil, administrative and criminal proceedings<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">and in legal actions related to the normal course of its business.<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">Based on the information currently available, taking into<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">account the existing risks, Snam believes that no material<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">adverse effects will result from these proceedings and actions.</span><span style=\"display:inherit;clear:left;\">In addition to the information given in Note 18 'Provisions<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">for risks and charges', a summary of the most significant<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">proceedings is given below; unless otherwise indicated, no<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">provision has been made for the disputes described below<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">because the Company believes that an unfavourable outcome </span><span style=\"display:inherit;clear:left;\">of the proceedings is unlikely, or because the amount of the </span><span style=\"display:inherit;clear:left;\">provision cannot be reliably estimated.</span><span style=\"display:inherit;clear:left;\">At 31 December 2023, risks for damages and disputes relating<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">to litigation in progress, but where the risk of losing the case is<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">not considered probable, amounted to \u20ac61 million (\u20ac42 million<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">at 31 December 2022).</span><span style=\"display:inherit;clear:left;\">28.1 <span class=\"_ _3f0\"> </span>Criminal litigation</span><span style=\"display:inherit;clear:left;\">Snam Rete Gas S.p.A. - Pineto event </span><span style=\"display:inherit;clear:left;\">On 6 March 2015, in Mutignano, a landslide hit the San </span><span style=\"display:inherit;clear:left;\">Benedetto Del T<span class=\"_ _c\"></span>ronto-Chieti section of the Ravenna-Chieti </span><span style=\"display:inherit;clear:left;\">gas pipeline for about ten metres, causing it to rupture and </span><span style=\"display:inherit;clear:left;\">the consequent leakage of gas, with a subsequent fire due </span><span style=\"display:inherit;clear:left;\">to the simultaneous fall of an electricity pylon. </span><span style=\"display:inherit;clear:left;\">In relation to the event, the Public Prosecutor's Office at </span><span style=\"display:inherit;clear:left;\">the Court of T<span class=\"_ _1\"></span>eramo immediately opened an investigation, </span><span style=\"display:inherit;clear:left;\">hypothesising the crime of unintentional negligent </span><span style=\"display:inherit;clear:left;\">disaster and negligent forest fire. At the outcome of the </span><span style=\"display:inherit;clear:left;\">investigation, the Public Prosecutor's Office requested </span><span style=\"display:inherit;clear:left;\">the indictment of Snam Rete Gas technicians and technical </span><span style=\"display:inherit;clear:left;\">managers. The Judge for the Preliminary Heading of </span><span style=\"display:inherit;clear:left;\">the Court of T<span class=\"_ _1\"></span>eramo, at the outcome of the preliminar<span class=\"_ _0\"></span>y </span><span style=\"display:inherit;clear:left;\">hearing, issued the decree ordering the trial on 03 October </span><span style=\"display:inherit;clear:left;\">2018. At the first pre-trial hearing on 10 January 2019, the </span><span style=\"display:inherit;clear:left;\">Presiding Judge ordered the transfer of the proceedings </span><span style=\"display:inherit;clear:left;\">to a single judge functionally competent in relation to </span><span style=\"display:inherit;clear:left;\">the offences charged against the defendants. On 17 </span><span style=\"display:inherit;clear:left;\">September 2020, the first pre-trial hearing took place, at </span><span style=\"display:inherit;clear:left;\">which all parties formulated their requests for evidence. </span><span style=\"display:inherit;clear:left;\">In the many subsequent hearings, which lasted from 2019 </span><span style=\"display:inherit;clear:left;\">to 2023, there was the examination and cross-examination </span><span style=\"display:inherit;clear:left;\">of the witnesses and technical experts of the Prosecution, </span><span style=\"display:inherit;clear:left;\">as well as the examination and cross-examination of the </span><span style=\"display:inherit;clear:left;\">technical experts appointed by the defendants' defence. </span><span style=\"display:inherit;clear:left;\">At the end of the pre-trial hearing, in November 2023, </span><span style=\"display:inherit;clear:left;\">the indictment of the Public Prosecutor took place, and in </span><span style=\"display:inherit;clear:left;\">January 2024, the defence arguments of the defendants </span><span style=\"display:inherit;clear:left;\">were made. At the hearing on 06 February 2024, the judge </span><span style=\"display:inherit;clear:left;\">acquitted all defendants 'because the fact does not exist'. </span><span style=\"display:inherit;clear:left;\">The deadline for filing the grounds of the judgment was set </span><span style=\"display:inherit;clear:left;\">at 90 days.</span><span style=\"display:inherit;clear:left;\">28.2 <span class=\"_ _3f0\"> </span>Proceedings with ARERA<span class=\"_ _1\"></span> (the energy </span><span style=\"display:inherit;clear:left;\">regulator) </span><span style=\"display:inherit;clear:left;\">Snam Rete Gas S.p.A. - Investigation to ascertain </span><span style=\"display:inherit;clear:left;\">violations regarding natural gas metering vis-\u00e0-vis </span><span style=\"display:inherit;clear:left;\">Snam Rete Gas S.p.A. and request for information </span><span style=\"display:inherit;clear:left;\">With resolution VIS 97/11, notified on 15 November 2011, </span><span style=\"display:inherit;clear:left;\">ARER<span class=\"_ _0\"></span>A initiated a proceeding to ascertain the existence of </span><span style=\"display:inherit;clear:left;\">violations in the field of natural gas metering, in relation </span><span style=\"display:inherit;clear:left;\">to alleged anomalies in the measurement of gas with </span><span style=\"display:inherit;clear:left;\">reference to 45 plants; with resolution 431/2012/S/Gas, </span><span style=\"display:inherit;clear:left;\">the proceedings were joined with other proceedings, </span><span style=\"display:inherit;clear:left;\">concerning the same facts alleged against the Company, </span><span style=\"display:inherit;clear:left;\">initiated against the distribution company concerned. </span><span style=\"display:inherit;clear:left;\">Snam Rete Gas submitted a commitment proposal in </span><span style=\"display:inherit;clear:left;\">relation to the contested conduct which, by way of </span><span style=\"display:inherit;clear:left;\">resolution 332/2015/S/gas, ARER<span class=\"_ _0\"></span>A declared inadmissible, </span><span style=\"display:inherit;clear:left;\">deeming that it was not suitable for restoring the balance </span><span style=\"display:inherit;clear:left;\">of interests prior to the contested violations or for </span><span style=\"display:inherit;clear:left;\">eliminating any immediate and direct consequences of the </span><span style=\"display:inherit;clear:left;\">violations. </span><span style=\"display:inherit;clear:left;\">At the end of the preliminary investigation, on 20 </span><span style=\"display:inherit;clear:left;\">October 2017, ARER<span class=\"_ _0\"></span>A notified Snam Rete Gas of the </span><span style=\"display:inherit;clear:left;\">findings in which the objections formulated in the </span><span style=\"display:inherit;clear:left;\">decision to initiate the procedure were confirmed. The </span><span style=\"display:inherit;clear:left;\">Company requested the allocation of time limits to </span><span style=\"display:inherit;clear:left;\">conduct its defence and, to this end, was summoned </span><span style=\"display:inherit;clear:left;\">for the hearing before the panel of the Authority held </span><span style=\"display:inherit;clear:left;\">on 1 March 2018, when a defence brief was filed. At </span><span style=\"display:inherit;clear:left;\">the outcome of the proceedings, the Authority, while </span><span style=\"display:inherit;clear:left;\">accepting part of the Company's arguments considered </span><span style=\"display:inherit;clear:left;\">relevant in terms of the quantification of the penalty, by </span><span style=\"display:inherit;clear:left;\">resolution 206/2018/S/gas of 5 April 2018, imposed an </span><span style=\"display:inherit;clear:left;\">administrative fine on Snam Rete Gas of \u20ac880,000. The </span><span style=\"display:inherit;clear:left;\">Company, while paying the fine, challenged resolution<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">206/2018/S/gas before the Regional Administrative </span><span style=\"display:inherit;clear:left;\">Court of Milan. The Regional Administrative Court, in </span><span style=\"display:inherit;clear:left;\">ruling no. 2141/2022, upheld the Company's appeal. </span><span style=\"display:inherit;clear:left;\">ARER<span class=\"_ _0\"></span>A appealed against this ruling before the Council </span><span style=\"display:inherit;clear:left;\">of State. A hearing on the merits was held at the </span><span style=\"display:inherit;clear:left;\">beginning of March 2023. The Council of State, in </span><span style=\"display:inherit;clear:left;\">ruling no. 3977/2023: (i) accepted the objection raised </span><span style=\"display:inherit;clear:left;\">by ARER<span class=\"_ _0\"></span>A with regard to the existence of the acts </span><span style=\"display:inherit;clear:left;\">interrupting the five-year limitation period, but (ii) after </span><span style=\"display:inherit;clear:left;\">first noting that the Authority did not deem it necessary </span><span style=\"display:inherit;clear:left;\">to establish in a general and preventive manner a time </span><span style=\"display:inherit;clear:left;\">limit for the duration of the sanctions proceedings with </span><span style=\"display:inherit;clear:left;\">the approval of the relative Regulation pursuant to </span><span style=\"display:inherit;clear:left;\">resolution 243/2012/E/Com and that the same Authority<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">had disregarded the self-determined time limit for the<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">duration of the sanctions proceedings against Snam </span><span style=\"display:inherit;clear:left;\">Rete Gas pursuant to resolution 27 October 2011 - VIS </span><span style=\"display:inherit;clear:left;\">97/11 (225 days), it ruled that it did not have to depart<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">from its own orientation formed over time concerning </span><span style=\"display:inherit;clear:left;\">the peremptory (and not regulative) nature of the term </span><span style=\"display:inherit;clear:left;\">of duration of ARER<span class=\"_ _0\"></span>A<span class=\"_ _1\"></span>'s sanctioning proceedings, with </span><span style=\"display:inherit;clear:left;\">the effect of rendering illegitimate the sanction where </span><span style=\"display:inherit;clear:left;\">imposed beyond that term (as occurred in the case in </span><span style=\"display:inherit;clear:left;\">question) and (iii) as a result, upheld for a different </span><span style=\"display:inherit;clear:left;\">reason and with a different justification the judgment </span><span style=\"display:inherit;clear:left;\">under appeal (i.e. the annulment of resolution no. </span><span style=\"display:inherit;clear:left;\">206/2018/S/Gas<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">Snam Rete Gas S.p.A. - Resolution 250/2015/R/gas, </span><span style=\"display:inherit;clear:left;\">published on 1 June 2015 concerning: the \u201cAdoption of </span><span style=\"display:inherit;clear:left;\">measures on the odorization of gas for domestic and </span><span style=\"display:inherit;clear:left;\">similar uses by end customers directly connected to </span><span style=\"display:inherit;clear:left;\">natural gas transmission networks\u201d and subsequent </span><span style=\"display:inherit;clear:left;\">amendments and implementations</span><span style=\"display:inherit;clear:left;\">With resolution 250/2015/R/gas, following a ruling by </span><span style=\"display:inherit;clear:left;\">the Regional Administrative Court of Milan, ARERA<span class=\"_ _0\"></span>, </span><span style=\"display:inherit;clear:left;\">the energy regulator<span class=\"_ _1\"></span>, amended Article 5 of Resolution </span><span style=\"display:inherit;clear:left;\">602/2013/R/gas concerning the obligation of transmission </span><span style=\"display:inherit;clear:left;\">companies to odorise end customers directly connected </span><span style=\"display:inherit;clear:left;\">to the transmission network who, taking into account </span><span style=\"display:inherit;clear:left;\">the categories of use indicated in the Integrated Gas </span><span style=\"display:inherit;clear:left;\">Settlement Act (TISG), use the redelivered gas not merely </span><span style=\"display:inherit;clear:left;\">in a technological way. In this regard, ARERA stipulated </span><span style=\"display:inherit;clear:left;\">that the transmission companies should complete the </span><span style=\"display:inherit;clear:left;\">implementation of the adaptation plans by 31 January </span><span style=\"display:inherit;clear:left;\">2017, after carrying out a six-monthly census of the </span><span style=\"display:inherit;clear:left;\">redelivery points concerned (by 31 July 2015) and </span><span style=\"display:inherit;clear:left;\">transmitting to ARER<span class=\"_ _0\"></span>A (by 30 November 2015) the </span><span style=\"display:inherit;clear:left;\">adaptation plan with the description of the technical </span><span style=\"display:inherit;clear:left;\">solution identified. Snam Rete Gas challenged the above-</span><span style=\"display:inherit;clear:left;\">mentioned resolution on the grounds that the deadline for </span><span style=\"display:inherit;clear:left;\">implementing the Plan could only be determined following </span><span style=\"display:inherit;clear:left;\">the census. </span><span style=\"display:inherit;clear:left;\">Having completed the census, during the transmission </span><span style=\"display:inherit;clear:left;\">of the adjustment plan and subsequent updates, Snam </span><span style=\"display:inherit;clear:left;\">Rete Gas once again referred to the Authority the </span><span style=\"display:inherit;clear:left;\">unreasonableness of the aforementioned deadline, </span><span style=\"display:inherit;clear:left;\">which instead ARER<span class=\"_ _0\"></span>A decided to confirm with resolution </span><span style=\"display:inherit;clear:left;\">484/2016/E/gas. Consequently, Snam Rete Gas, as part </span><span style=\"display:inherit;clear:left;\">of the appeal with which it had challenged resolution </span><span style=\"display:inherit;clear:left;\">250/2015/R/gas, filed an appeal for additional grounds </span><span style=\"display:inherit;clear:left;\">against resolution 484/2016/E/gas requesting the </span><span style=\"display:inherit;clear:left;\">suspension of the challenged resolutions. </span><span style=\"display:inherit;clear:left;\">The request for suspension was granted by the Council </span><span style=\"display:inherit;clear:left;\">of State. On the merits, following the hearing held on </span><span style=\"display:inherit;clear:left;\">16 January 2019, with ruling 869 of 17 April 2019, the </span><span style=\"display:inherit;clear:left;\">Regional Administrative Court of Milan upheld the appeal </span><span style=\"display:inherit;clear:left;\">filed by Snam Rete Gas, declaring the unlawfulness of the </span><span style=\"display:inherit;clear:left;\">deadline set by the Authority as manifestly unreasonable </span><span style=\"display:inherit;clear:left;\">insofar as it did not take into account the complexity of the </span><span style=\"display:inherit;clear:left;\">activities to be carried out by the transporter and the need </span><span style=\"display:inherit;clear:left;\">for the cooperation of the end customers on whom the </span><span style=\"display:inherit;clear:left;\">onus was, to ensure the use of gas in safe conditions for the </span><span style=\"display:inherit;clear:left;\">workers concerned.</span><span style=\"display:inherit;clear:left;\">It should be noted that, by Ministerial Decree of 18 May </span><span style=\"display:inherit;clear:left;\">2018, the Ministry for Economic Development set the onus </span><span style=\"display:inherit;clear:left;\">on end customers directly connected to the natural gas </span><span style=\"display:inherit;clear:left;\">transportation network to ensure the use of gas in safe </span><span style=\"display:inherit;clear:left;\">conditions where they use, partially, gas for domestic or </span><span style=\"display:inherit;clear:left;\">similar uses, even if combined with technological uses. As </span><span style=\"display:inherit;clear:left;\">a result of the activities functional to the implementation </span><span style=\"display:inherit;clear:left;\">of the Decree, end customers have certified that they </span><span style=\"display:inherit;clear:left;\">guarantee the safe use of gas in accordance with the </span><span style=\"display:inherit;clear:left;\">Decree.</span><span style=\"display:inherit;clear:left;\">Within the framework of the Consultation Document </span><span style=\"display:inherit;clear:left;\">(DCO 203/2019/R/Gas<span class=\"_ _c\"></span>) preparator<span class=\"_ _0\"></span>y to the revision of </span><span style=\"display:inherit;clear:left;\">the regulation on the quality of the transmission service, </span><span style=\"display:inherit;clear:left;\">ARER<span class=\"_ _0\"></span>A expressed its intention: (i) to confirm the regulatory </span><span style=\"display:inherit;clear:left;\">framework set forth in the aforementioned resolution </span><span style=\"display:inherit;clear:left;\">250/2015/R/Gas without providing a deadline by which </span><span style=\"display:inherit;clear:left;\">the plan must be implemented; and (ii) to promote a </span><span style=\"display:inherit;clear:left;\">regulatory amendment to coordinate the regulation with </span><span style=\"display:inherit;clear:left;\">the above-mentioned Ministerial Decree. Following up on </span><span style=\"display:inherit;clear:left;\">what had been anticipated in the DCO<span class=\"_ _c\"></span>, with resolution </span><span style=\"display:inherit;clear:left;\">554/2019/R/gas, the Authority confirmed the previous </span><span style=\"display:inherit;clear:left;\">regulatory regime (obligation to odorize gas of the </span><span style=\"display:inherit;clear:left;\">transporter), thus once again proposing coordination </span><span style=\"display:inherit;clear:left;\">with the obligations imposed by the Decree. Therefore, </span><span style=\"display:inherit;clear:left;\">pending a possible regulatory change, Snam Rete Gas has </span><span style=\"display:inherit;clear:left;\">challenged resolution 554/2019/R/gas before the Regional </span><span style=\"display:inherit;clear:left;\">Administrative Court of Milan, G.R<span class=\"_ _0\"></span>. no. 497/2020. The date </span><span style=\"display:inherit;clear:left;\">of the hearing still has to be set. The contested regulator<span class=\"_ _0\"></span>y </span><span style=\"display:inherit;clear:left;\">framework was further confirmed in resolution No. </span><span style=\"display:inherit;clear:left;\">589/2023/R/gas, with which, as a result of the consultation </span><span style=\"display:inherit;clear:left;\">process set forth in DCO 451/2023/R/Gas, ARERA adopted </span><span style=\"display:inherit;clear:left;\">the regulatory criteria for the quality of the natural gas </span><span style=\"display:inherit;clear:left;\">transportation service for the sixth regulator<span class=\"_ _0\"></span>y period </span><span style=\"display:inherit;clear:left;\">(2024-2027). </span><span style=\"display:inherit;clear:left;\">28.3 <span class=\"_ _3f0\"> </span>T<span class=\"_ _1\"></span>ax disputes </span><span style=\"display:inherit;clear:left;\">Snam Rete Gas S.p.A. - Local property and municipal </span><span style=\"display:inherit;clear:left;\">taxes - Municipalities in Northern Italy</span><span style=\"display:inherit;clear:left;\">Some municipalities in Northern Italy served Snam Rete </span><span style=\"display:inherit;clear:left;\">Gas with 17 notices of assessment for local taxes, for the </span><span style=\"display:inherit;clear:left;\">years 2016, 2017 and 2018, which followed requests for </span><span style=\"display:inherit;clear:left;\">information for cadastral purposes pursuant to Article 1, </span><span style=\"display:inherit;clear:left;\">paragraph 693, of Law no. 147/2013. The company has </span><span style=\"display:inherit;clear:left;\">made a provision for risks and charges.</span><span style=\"display:inherit;clear:left;\">Stogit S.p.A. - Local property tax</span><span style=\"display:inherit;clear:left;\">The municipality of Bordolano investigated the position </span><span style=\"display:inherit;clear:left;\">of property tax in relation to the building areas owned </span><span style=\"display:inherit;clear:left;\">by the Company in the territory of the same municipality </span><span style=\"display:inherit;clear:left;\">for the years 2012 to 2015. The amounts assessed by the </span><span style=\"display:inherit;clear:left;\">Municipality with the notices of assessment relating to </span><span style=\"display:inherit;clear:left;\">the tax years 2012, 2013 and 2014 - as redetermined by </span><span style=\"display:inherit;clear:left;\">the Lombardy Regional T<span class=\"_ _c\"></span>ax Commission - were paid by the </span><span style=\"display:inherit;clear:left;\">Company during 2020, pending the relevant judgments.</span><span style=\"display:inherit;clear:left;\">With reference to the notice of assessment issued by the </span><span style=\"display:inherit;clear:left;\">municipality in 2015, the Company paid the notice. </span><span style=\"display:inherit;clear:left;\">With reference to the subsequent years 2016 - 2017 - 2018, </span><span style=\"display:inherit;clear:left;\">the Company has already adjusted its payments to the </span><span style=\"display:inherit;clear:left;\">higher value assessed by the Municipality.</span><span style=\"display:inherit;clear:left;\">Stogit S.p.A. \u2013 Hyper-amortisation</span><span style=\"display:inherit;clear:left;\">Starting in 2018, Stogit benefited from the so-called </span><span style=\"display:inherit;clear:left;\">hyper<span class=\"_ _c\"></span>-amortisation on investments made in some </span><span style=\"display:inherit;clear:left;\">compressor stations within the Bordolano concession. </span><span style=\"display:inherit;clear:left;\">Initially, the Revenue Agency (Circular No. 4/E of 2017)<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">had clarified that the legal/formal criteria relating to the </span><span style=\"display:inherit;clear:left;\">general accrual rules provided for in Article 109(1) and (2) </span><span style=\"display:inherit;clear:left;\">of the Consolidated Law on Income T<span class=\"_ _c\"></span>axes were relevant </span><span style=\"display:inherit;clear:left;\">for the purpose of identifying the time when investments </span><span style=\"display:inherit;clear:left;\">are made.</span><span style=\"display:inherit;clear:left;\">More recently, the Inland Revenue has provided new </span><span style=\"display:inherit;clear:left;\">elements, giving relevance to the moment when the </span><span style=\"display:inherit;clear:left;\">transfer of ownership took place.</span><span style=\"display:inherit;clear:left;\">In light of the above, Stogit promptly checked whether </span><span style=\"display:inherit;clear:left;\">the new clarifications contained therein could have any </span><span style=\"display:inherit;clear:left;\">repercussions with regard to the hyper<span class=\"_ _c\"></span>-amortisation </span><span style=\"display:inherit;clear:left;\">allowance for plants. This analysis showed that the benefit </span><span style=\"display:inherit;clear:left;\">relative to the hyper<span class=\"_ _c\"></span>-amortisation may potentially be </span><span style=\"display:inherit;clear:left;\">challenged by the tax authorities. The company has made </span><span style=\"display:inherit;clear:left;\">a provision for risks and charges.</span><span style=\"display:inherit;clear:left;\">Snam S.p.A. - Questionnaire Q00017/2020 on V<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>T </span><span style=\"display:inherit;clear:left;\">On 13 February 2020, the Italian Revenue Agenc<span class=\"_ _0\"></span>y </span><span style=\"display:inherit;clear:left;\">served Snam (hereinafter the \"Company\") with a V<span class=\"_ _1\"></span>A<span class=\"_ _c\"></span>T </span><span style=\"display:inherit;clear:left;\">questionnaire requesting the reasons for the voluntary </span><span style=\"display:inherit;clear:left;\">correction of tax errors made in 2016 with reference to </span><span style=\"display:inherit;clear:left;\">the years 2012, 2013, 2014 and 2015. In particular<span class=\"_ _1\"></span>, in </span><span style=\"display:inherit;clear:left;\">2016, the Company submitted supplementary tax returns </span><span style=\"display:inherit;clear:left;\">relating to the years 2012 to 2014 to acknowledge the </span><span style=\"display:inherit;clear:left;\">performance - as from 2012 - of a new activity of granting </span><span style=\"display:inherit;clear:left;\">loans and that in relation to this activity the Company </span><span style=\"display:inherit;clear:left;\">intended to use the optional separation of activities </span><span style=\"display:inherit;clear:left;\">pursuant to Article 36, paragraph 3, of Presidential Decree </span><span style=\"display:inherit;clear:left;\">no. 633/1972 for V<span class=\"_ _1\"></span>A<span class=\"_ _c\"></span>T purposes. On the other hand, as </span><span style=\"display:inherit;clear:left;\">far as 2015 is concerned, the relevant annual tax return </span><span style=\"display:inherit;clear:left;\">was submitted within the ordinary time limits and the </span><span style=\"display:inherit;clear:left;\">voluntary correction of errors was applied (related to </span><span style=\"display:inherit;clear:left;\">the keeping of separate accounts<span class=\"_ _c\"></span>) that had affected the </span><span style=\"display:inherit;clear:left;\">correct monthly payments. </span><span style=\"display:inherit;clear:left;\">Following a preliminary enquir<span class=\"_ _0\"></span>y, on 21 December 2020, </span><span style=\"display:inherit;clear:left;\">the Revenue Agency ser<span class=\"_ _0\"></span>ved a notice requesting the </span><span style=\"display:inherit;clear:left;\">Company to appear for a cross-examination concerning </span><span style=\"display:inherit;clear:left;\">the years 2012-2013-2014-2015, to better verify whether </span><span style=\"display:inherit;clear:left;\">it had actually behaved 'ex ante' in this regard.</span><span style=\"display:inherit;clear:left;\">In order to avoid long and complex litigation, the </span><span style=\"display:inherit;clear:left;\">Company settled the agreed amounts on 25 March 2021 </span><span style=\"display:inherit;clear:left;\">and 30 November 2022, following acceptance of the </span><span style=\"display:inherit;clear:left;\">assessment.</span><span style=\"display:inherit;clear:left;\">28.4 <span class=\"_ _3f0\"> </span>Other proceedings</span><span style=\"display:inherit;clear:left;\">Snam Rete Gas S.p.A. - Regulation criteria  </span><span style=\"display:inherit;clear:left;\">for natural gas transportation and dispatching tariffs  </span><span style=\"display:inherit;clear:left;\">for the 2010-2013 period </span><span style=\"display:inherit;clear:left;\">With ruling no. 2888/2015, the Council of State rejected </span><span style=\"display:inherit;clear:left;\">the appeal made by ARER<span class=\"_ _0\"></span>A for the reform of the ruling of </span><span style=\"display:inherit;clear:left;\">the Regional Administrative Court of Milan no. 995/2013, </span><span style=\"display:inherit;clear:left;\">which had annulled the provisions contained in resolutions </span><span style=\"display:inherit;clear:left;\">ARG/gas/184/09, 192/09, 198/09 and 218/10 concerning </span><span style=\"display:inherit;clear:left;\">natural gas transportation and dispatching tariffs for </span><span style=\"display:inherit;clear:left;\">the period 2010 - 2013, relating, in particular<span class=\"_ _1\"></span>, to the </span><span style=\"display:inherit;clear:left;\">commodity/capacity allocation, the reform of the entry/</span><span style=\"display:inherit;clear:left;\">exit model, and the gas for consumption by compressor </span><span style=\"display:inherit;clear:left;\">stations (self-consumption<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">With resolution 428/2015/C/gas, ARERA resolved to file </span><span style=\"display:inherit;clear:left;\">an appeal for revocation against the aforementioned </span><span style=\"display:inherit;clear:left;\">ruling on the grounds of error of fact. This appeal that was </span><span style=\"display:inherit;clear:left;\">subsequently withdrawn on 29 March 2018 due to the </span><span style=\"display:inherit;clear:left;\">supervening lack of interest in continuing the proceedings. </span><span style=\"display:inherit;clear:left;\">At the same time, the Authority complied with the </span><span style=\"display:inherit;clear:left;\">aforementioned rulings with resolution 550/2016/R/gas in </span><span style=\"display:inherit;clear:left;\">which, having reformed the self-consumption regulation, </span><span style=\"display:inherit;clear:left;\">it justifiably confirmed the remaining tariff criteria also in </span><span style=\"display:inherit;clear:left;\">light of the consultations carried out. </span><span style=\"display:inherit;clear:left;\">Given the confirmatory nature of the aforementioned </span><span style=\"display:inherit;clear:left;\">resolution, the transportation user that had challenged </span><span style=\"display:inherit;clear:left;\">the ARER<span class=\"_ _0\"></span>A orders appealed for compliance with the </span><span style=\"display:inherit;clear:left;\">aforementioned rulings and for resolution 550/2016/R/</span><span style=\"display:inherit;clear:left;\">gas to be declared null and void. With ruling no. 494/2017, </span><span style=\"display:inherit;clear:left;\">the Regional Administrative Court of Milan partially </span><span style=\"display:inherit;clear:left;\">upheld the appeal with specific reference to the issue of </span><span style=\"display:inherit;clear:left;\">the commodity/capacity allocation, considering that the </span><span style=\"display:inherit;clear:left;\">contested Authority had complied in an inaccurate and </span><span style=\"display:inherit;clear:left;\">partial manner with ruling 995/2013 and that, therefore, </span><span style=\"display:inherit;clear:left;\">the Authority should proceed with a supplementary </span><span style=\"display:inherit;clear:left;\">assessment of the effects of the choices made. </span><span style=\"display:inherit;clear:left;\">Ruling 494/2017 was appealed by the user filing the </span><span style=\"display:inherit;clear:left;\">appeal, and also cross-appealed by ARERA<span class=\"_ _0\"></span>. With ruling </span><span style=\"display:inherit;clear:left;\">no.1840/2018 of 23 March 2018, the Council of State, </span><span style=\"display:inherit;clear:left;\">in partial acceptance of the Authority's cross-appeal, </span><span style=\"display:inherit;clear:left;\">dismissed the action of invalidity for breach of judgment </span><span style=\"display:inherit;clear:left;\">filed by the User in the first instance and ordered the </span><span style=\"display:inherit;clear:left;\">conversion of the proceedings into an ordinary annulment </span><span style=\"display:inherit;clear:left;\">judgment. The proceedings were consequently resumed </span><span style=\"display:inherit;clear:left;\">before the Regional Administrative Court of Milan, G.R<span class=\"_ _0\"></span>. </span><span style=\"display:inherit;clear:left;\">no. 2919/2016 and no. 1041/2018, and at present we are </span><span style=\"display:inherit;clear:left;\">waiting for the hearing date to be set.</span><span style=\"display:inherit;clear:left;\">It should also be noted that in its recent ruling no. 301 of </span><span style=\"display:inherit;clear:left;\">1 February 2021, the Regional Administrative Court of </span><span style=\"display:inherit;clear:left;\">Milan partially annulled, on partially similar grounds, ARERA </span><span style=\"display:inherit;clear:left;\">resolution 575/2017/R/gas relating to the 2018-2019 </span><span style=\"display:inherit;clear:left;\">transitional regulatory period. In particular, the censures </span><span style=\"display:inherit;clear:left;\">of the 90:10 capacity/commodity ratio were upheld. </span><span style=\"display:inherit;clear:left;\">Moreover<span class=\"_ _1\"></span>, the Regional Administrative Court held that </span><span style=\"display:inherit;clear:left;\">the aforementioned resolution should be annulled insofar </span><span style=\"display:inherit;clear:left;\">as it provided for the determination of the unit costs of </span><span style=\"display:inherit;clear:left;\">transport on the basis of calculations of gas flows (so-called </span><span style=\"display:inherit;clear:left;\">flows and counter-flows<span class=\"_ _c\"></span>). The ruling was appealed by the </span><span style=\"display:inherit;clear:left;\">Authority before the Council of State, G.R<span class=\"_ _0\"></span>.no. 4007/2021, </span><span style=\"display:inherit;clear:left;\">which rejected ARER<span class=\"_ _0\"></span>A<span class=\"_ _1\"></span>'s appeal with ruling no. 7386 of 27 </span><span style=\"display:inherit;clear:left;\">July 2023. </span><span style=\"display:inherit;clear:left;\">The Regional Administrative Court, in ruling no. 219/2022, </span><span style=\"display:inherit;clear:left;\">upheld a similar appeal in relation to the tariff regime for </span><span style=\"display:inherit;clear:left;\">the 2014-2017 thermal years set forth in ARERA resolution </span><span style=\"display:inherit;clear:left;\">no. 514/2013/R/gas, which was confirmed on appeal </span><span style=\"display:inherit;clear:left;\">in ruling no. 8523 of 5 October 2022. In relation to the </span><span style=\"display:inherit;clear:left;\">aforementioned ruling, ARER<span class=\"_ _0\"></span>A initiated proceedings to </span><span style=\"display:inherit;clear:left;\">comply with it by means of resolution 70/2023/R/gas of </span><span style=\"display:inherit;clear:left;\">28 February 2023, which was followed by the presentation </span><span style=\"display:inherit;clear:left;\">of DCO No. 424/2023/R/gas in which the Authority's </span><span style=\"display:inherit;clear:left;\">guidelines on the aforementioned ruling no. 8523/2022, as </span><span style=\"display:inherit;clear:left;\">well as the subsequent ruling no. 7386/2023, on the subject </span><span style=\"display:inherit;clear:left;\">of the criteria for regulating natural gas transportation </span><span style=\"display:inherit;clear:left;\">service tariffs for the 2014-2017 and 2018-2019 regulator<span class=\"_ _0\"></span>y </span><span style=\"display:inherit;clear:left;\">periods, were indicated.</span><span style=\"display:inherit;clear:left;\">Lastly, it should be noted that, with rulings nos. 440/2020 </span><span style=\"display:inherit;clear:left;\">and 33/2021 of the Regional Administrative Court of </span><span style=\"display:inherit;clear:left;\">Milan, the aforementioned resolution 575/2017/R/gas </span><span style=\"display:inherit;clear:left;\">and resolution 114/2019/R/gas (2020-2023 tariff criteria) </span><span style=\"display:inherit;clear:left;\">were partially annulled insofar as they do not provide </span><span style=\"display:inherit;clear:left;\">for a degressive tariff in favour of large gas consumers </span><span style=\"display:inherit;clear:left;\">in implementation of specific primary legislation. Both </span><span style=\"display:inherit;clear:left;\">rulings were appealed by the Authority. The hearing the </span><span style=\"display:inherit;clear:left;\">appeals before the Council of State took place in April </span><span style=\"display:inherit;clear:left;\">2022, followed by rulings nos. 6096/2022 and 6098/2022 </span><span style=\"display:inherit;clear:left;\">rejecting the respective appeals of the Authority.</span><span style=\"display:inherit;clear:left;\">In all the aforementioned cases, the disputed profiles do </span><span style=\"display:inherit;clear:left;\">not affect recognised transport company revenues. </span><span style=\"display:inherit;clear:left;\">The orders of the Council of State were implemented </span><span style=\"display:inherit;clear:left;\">by resolution 410/2023/R/Gas of 19 September 2023 on </span><span style=\"display:inherit;clear:left;\">'Measures for the economic efficiency of the transmission </span><span style=\"display:inherit;clear:left;\">tariff for customers with higher natural gas consumption'. </span><span style=\"display:inherit;clear:left;\">This resolution was also the subject of an appeal in the </span><span style=\"display:inherit;clear:left;\">context of compliance actions brought by the original </span><span style=\"display:inherit;clear:left;\">applicants, who complained that the order adopted by </span><span style=\"display:inherit;clear:left;\">ARER<span class=\"_ _0\"></span>A did not comply with the final judgement. The </span><span style=\"display:inherit;clear:left;\">appeals do not affect the position of Snam Rete Gas, which, </span><span style=\"display:inherit;clear:left;\">therefore, has no interest in entering an apperance in the </span><span style=\"display:inherit;clear:left;\">relevant proceedings.</span><span style=\"display:inherit;clear:left;\">Stogit S.p.A. - <span class=\"_ _c\"></span>Appeals Coordination Environmentalists </span><span style=\"display:inherit;clear:left;\">Committee  </span><span style=\"display:inherit;clear:left;\">With Presidential Decree of 16 September 2019, the </span><span style=\"display:inherit;clear:left;\">binding opinion published by the Council of State on </span><span style=\"display:inherit;clear:left;\">27 June 2019, in which the appeals lodged by the </span><span style=\"display:inherit;clear:left;\">Coordinamento Comitato Ambientalisti (Environemntalists </span><span style=\"display:inherit;clear:left;\">Committee Coordination), along with others were </span><span style=\"display:inherit;clear:left;\">upheld, was implemented. This Presidential Decree states </span><span style=\"display:inherit;clear:left;\">that: (i) due to the failure to file the documentation </span><span style=\"display:inherit;clear:left;\">of the Environmental Impact Assessment (EIA) in the </span><span style=\"display:inherit;clear:left;\">municipalities of Azzanello and Verolavecchia, the decree </span><span style=\"display:inherit;clear:left;\">on the EIA issued in 2009 for the construction of the new </span><span style=\"display:inherit;clear:left;\">Bordolano storage plant, subject to the prescriptions </span><span style=\"display:inherit;clear:left;\">contained therein, is annulled only for the part in which </span><span style=\"display:inherit;clear:left;\">it expressed a favourable opinion on environmental </span><span style=\"display:inherit;clear:left;\">compatibility; (ii) therefore the decree of the Ministry of </span><span style=\"display:inherit;clear:left;\">Economic Development of 28 December 2011 (approval </span><span style=\"display:inherit;clear:left;\">of the variation of the work programme of the \"Bordolano </span><span style=\"display:inherit;clear:left;\">Stoccaggio\" concession<span class=\"_ _c\"></span>) and (iii) the orders of the Ministry </span><span style=\"display:inherit;clear:left;\">of the Environment (protocol 18804 of 8 August 2013 and </span><span style=\"display:inherit;clear:left;\">protocol14583 of 16 May 2014), on the subject of the EIA, </span><span style=\"display:inherit;clear:left;\">are annulled, without prejudice to the continued validity of </span><span style=\"display:inherit;clear:left;\">the prescriptions contained therein, for the protection of </span><span style=\"display:inherit;clear:left;\">public safety and security, which are in no way affected by </span><span style=\"display:inherit;clear:left;\">the annulment ruling. The Council of State also established </span><span style=\"display:inherit;clear:left;\">the reopening of the EIA and the Ministry of the </span><span style=\"display:inherit;clear:left;\">Environment promptly reopened the terms of the EIA (with </span><span style=\"display:inherit;clear:left;\">note DV<span class=\"_ _1\"></span>A U28389 of 29 October 2019) limited only to the </span><span style=\"display:inherit;clear:left;\">municipalities of Azzanello and Verolavecchia; of these, only </span><span style=\"display:inherit;clear:left;\">the municipality of V<span class=\"_ _c\"></span>erolavecchia submitted comments, </span><span style=\"display:inherit;clear:left;\">which were supplemented by those of other parties. The </span><span style=\"display:inherit;clear:left;\">proceedings are currently pending before the T<span class=\"_ _1\"></span>echnical </span><span style=\"display:inherit;clear:left;\">Commission for EIA and Stogit has provided all technical </span><span style=\"display:inherit;clear:left;\">clarifications to the comments submitted. It should be </span><span style=\"display:inherit;clear:left;\">added that the Ministry for Economic Development<span class=\"_ _0\"></span>, in note </span><span style=\"display:inherit;clear:left;\">U.0025890 of 22 November 2019, issued an order pursuant </span><span style=\"display:inherit;clear:left;\">to Article 29, paragraph 3 of Legislative Decree 152/2006, </span><span style=\"display:inherit;clear:left;\">whereby the continuation of storage activities at the </span><span style=\"display:inherit;clear:left;\">Bordolano plant was allowed pending the completion of </span><span style=\"display:inherit;clear:left;\">the EIA. There are grounds to believe that there is a remote </span><span style=\"display:inherit;clear:left;\">risk that the EIA will not be confirmed; however<span class=\"_ _1\"></span>, also in </span><span style=\"display:inherit;clear:left;\">light of the time elapsed, the possibility that the EIA will </span><span style=\"display:inherit;clear:left;\">be confirmed by the Ministry of the Environment with the </span><span style=\"display:inherit;clear:left;\">addition of prescriptive conditions which Stogit will have to </span><span style=\"display:inherit;clear:left;\">comply with can be assessed as probable.</span><span style=\"display:inherit;clear:left;\">Appeal by the Environmentalist Forum and <span class=\"_ _c\"></span>Appeal </span><span style=\"display:inherit;clear:left;\">by WWF Italia - <span class=\"_ _c\"></span>Associazione Salviamo l'Orso </span><span style=\"display:inherit;clear:left;\">Marsicano ODV against the integrated environmental </span><span style=\"display:inherit;clear:left;\">authorisation for the new Sulmona power station </span><span style=\"display:inherit;clear:left;\">The Environmentalist Forum, which claims to be an </span><span style=\"display:inherit;clear:left;\">environmental defence association, lodged an appeal on </span><span style=\"display:inherit;clear:left;\">2 June 2021 with the Regional Administrative Court of </span><span style=\"display:inherit;clear:left;\">Lazio for the annulment of Decree no. 000086 of 11 March </span><span style=\"display:inherit;clear:left;\">2021 of the Ministry of Ecological Transition, concerning </span><span style=\"display:inherit;clear:left;\">the \"Issue of the integrated environmental authorisation </span><span style=\"display:inherit;clear:left;\">(IEA)\" for the operation of the gas compression station of </span><span style=\"display:inherit;clear:left;\">the company Snam Rete Gas located in Sulmona (Aquila) (ID </span><span style=\"display:inherit;clear:left;\">7015/9997), as well as all the prior<span class=\"_ _1\"></span>, consequential or in any<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">case connected acts. </span><span style=\"display:inherit;clear:left;\">The applicant claims that its reasons are based on: (i) seismic </span><span style=\"display:inherit;clear:left;\">risk to which the Snam Rete Gas works would be subjected; </span><span style=\"display:inherit;clear:left;\">(ii) failure to investigate emissions and to take into account </span><span style=\"display:inherit;clear:left;\">their effects on animals and plants in the area concerned; (iii) </span><span style=\"display:inherit;clear:left;\">failure to prepare the Strategic Environmental Assessment </span><span style=\"display:inherit;clear:left;\">(SEA) as a prerequisite for the granting of the IEA<span class=\"_ _0\"></span>; (iv) </span><span style=\"display:inherit;clear:left;\">shortcomings in the preliminary procedure leading to the<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">granting of the IEA<span class=\"_ _0\"></span>. No interim application was made. A </span><span style=\"display:inherit;clear:left;\">hearing on the merits was held at the end of January 2023.<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">The Regional Administrative Court, in its ruling no. 3668 of 6 </span><span style=\"display:inherit;clear:left;\">March 2023, dismissed the appeal. The ruling was filed and </span><span style=\"display:inherit;clear:left;\">the deadline for appealing against it expired in the first ten </span><span style=\"display:inherit;clear:left;\">days of April 2023; since no appeal was filed, the position in </span><span style=\"display:inherit;clear:left;\">question was definitively closed.</span><span style=\"display:inherit;clear:left;\">With an appeal to the President of the Republic dated 6 </span><span style=\"display:inherit;clear:left;\">August 2021, the Italian Association for the World Wildlife </span><span style=\"display:inherit;clear:left;\">Fund of Nature Wwf Italia Onlus and the association </span><span style=\"display:inherit;clear:left;\">Salviamo l'orso Bruno Marsicano_ODV also requested the </span><span style=\"display:inherit;clear:left;\">annulment of the Decree of the Ministry of Ecological<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>ransition no. 0000086 of 11.03.2021 constituting the IEA<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">of the new Sulmona power plant. The reasons given are: (i) </span><span style=\"display:inherit;clear:left;\">the ineffectiveness of the EIA, which would have ceased in<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">2016; (ii) excess power in having ignored the observations of </span><span style=\"display:inherit;clear:left;\">the Municipality of Sulmona and the Maiella National Park, </span><span style=\"display:inherit;clear:left;\">the Abruzzo National Park and the Monte Genzana - Alto </span><span style=\"display:inherit;clear:left;\">Gizio Regional Nature Reserve; (iii) failing to adequately<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">consider seismic risk; (iv) failing to consider comments from </span><span style=\"display:inherit;clear:left;\">the public; (v) infringement of the law and misuse of powers </span><span style=\"display:inherit;clear:left;\">due to a lack of a preliminary investigation in relation to<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">emissions into the atmosphere and impact on the climate; </span><span style=\"display:inherit;clear:left;\">vi) violation of Directive 42/2001/EC for failure to carry out </span><span style=\"display:inherit;clear:left;\">a Strategic Environmental Assessment. Following Snam<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">Rete Gas's opposition, the appeal was resumed before the </span><span style=\"display:inherit;clear:left;\">Regional Administrative Court of Lazio by the appellants </span><span style=\"display:inherit;clear:left;\">on 3 November 2021. The Regional Administrative Court, </span><span style=\"display:inherit;clear:left;\">after the hearing on the merits held at the end of May 2023, </span><span style=\"display:inherit;clear:left;\">pronounced ruling no. 9253/2023, whereby, fully adhering </span><span style=\"display:inherit;clear:left;\">to the objection raised by Snam Rete Gas, it rejected the </span><span style=\"display:inherit;clear:left;\">appeal, declaring it inadmissible. The ruling was filed and the </span><span style=\"display:inherit;clear:left;\">deadline for appealing against it expired in the first few days </span><span style=\"display:inherit;clear:left;\">of September 2023; since no appeal was filed, the position in </span><span style=\"display:inherit;clear:left;\">question was definitively closed.</span><span style=\"display:inherit;clear:left;\">Snam Rete Gas S.p.A. - <span class=\"_ _c\"></span>Action brought by </span><span style=\"display:inherit;clear:left;\">Assogasmetano, Assopetroli-Assoenergia, </span><span style=\"display:inherit;clear:left;\">Federmetano vs. <span class=\"_ _c\"></span>ARERA<span class=\"_ _c\"></span> as well as Snam Rete Gas </span><span style=\"display:inherit;clear:left;\">and Societ\u00e0 Gasdotti Italia (GR 2337/2023 Regional </span><span style=\"display:inherit;clear:left;\">Administrative Court of Milan) concerning the </span><span style=\"display:inherit;clear:left;\">reorganisation of the metering service on the gas </span><span style=\"display:inherit;clear:left;\">transportation network</span><span style=\"display:inherit;clear:left;\">Assogasmetano, Assopetroli-A<span class=\"_ _0\"></span>ssoenergia, Federmetano </span><span style=\"display:inherit;clear:left;\">(representing companies operating in the automotive </span><span style=\"display:inherit;clear:left;\">sector) filed an appeal against ARER<span class=\"_ _0\"></span>A and against Snam </span><span style=\"display:inherit;clear:left;\">Rete Gas and Societ\u00e0 Gasdotti Italia for the annulment, </span><span style=\"display:inherit;clear:left;\">subject to precautionary suspension of <span class=\"ff18 ws2e\">\"resolution </span></span><span style=\"display:inherit;clear:left;\">433/2023/R/gas of 28 September 2023 entitled Approval<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">of the proposed updates to the Network Code of Snam R<span class=\"_ _c\"></span>ete </span><span style=\"display:inherit;clear:left;\">Gas SpA and Societ\u00e0 Gasdotti Italia SpA and amendments </span><span style=\"display:inherit;clear:left;\">to the RMT<span class=\"_ _c\"></span>G\"<span class=\"ff7b\"> as well as for the annulment of all further </span></span><span style=\"display:inherit;clear:left;\">related measures including resolution 512/2021/R/Gas, </span><span style=\"display:inherit;clear:left;\">which provided for the regulation of the reorganisation </span><span style=\"display:inherit;clear:left;\">of the metering service on the gas transportation </span><span style=\"display:inherit;clear:left;\">network. In particular<span class=\"_ _1\"></span>, the applicants have contested: </span><span style=\"display:inherit;clear:left;\">(i) the application of certain fees associated with non-</span><span style=\"display:inherit;clear:left;\">compliance with minimum functional requirements laid </span><span style=\"display:inherit;clear:left;\">down in the regulation, the fulfilment of which, according </span><span style=\"display:inherit;clear:left;\">to the applicants, is impossible de facto; as well as (ii) the </span><span style=\"display:inherit;clear:left;\">obligation (sanctioned by the closure of the redelivery </span><span style=\"display:inherit;clear:left;\">point) to sign the so-called metering agreement that </span><span style=\"display:inherit;clear:left;\">would commit them to comply with the aforementioned </span><span style=\"display:inherit;clear:left;\">requirements. At the outcome of the Council Chambers </span><span style=\"display:inherit;clear:left;\">of 6 December 2023, the Regional Administrative Court </span><span style=\"display:inherit;clear:left;\">of Milan, with order no. 1136 published on 11 December </span><span style=\"display:inherit;clear:left;\">2023, rejected the interim application for relief of the </span><span style=\"display:inherit;clear:left;\">trade associations, deeming the periculum in mora to </span><span style=\"display:inherit;clear:left;\">be non-existent, also anticipating some considerations </span><span style=\"display:inherit;clear:left;\">on the fumus bonis iuris, albeit on the basis of the </span><span style=\"display:inherit;clear:left;\">elements acquired on a precautionary basis. The Regional </span><span style=\"display:inherit;clear:left;\">Administrative Court of Milan has, in fact, pointed out: </span><span style=\"display:inherit;clear:left;\">(i) a possible lack of uniformity of the interests of the </span><span style=\"display:inherit;clear:left;\">individual members from which the claimants would </span><span style=\"display:inherit;clear:left;\">derive a lack of legal powers; (ii) a possible lateness </span><span style=\"display:inherit;clear:left;\">of the appeal, given that resolution 433/2023/R/gas </span><span style=\"display:inherit;clear:left;\">amended only certain aspects of resolution 512/2021/R/</span><span style=\"display:inherit;clear:left;\">gas, whereas the appellants' objections appear to have </span><span style=\"display:inherit;clear:left;\">a more general scope. The date of the hearing on the </span><span style=\"display:inherit;clear:left;\">merits still has to be set. In the meantime, with an appeal </span><span style=\"display:inherit;clear:left;\">filed on 29 December 2023, Assogasmetano, Assopetroli-</span><span style=\"display:inherit;clear:left;\">Assoenergia, Federmetano lodged a precautionar<span class=\"_ _0\"></span>y </span><span style=\"display:inherit;clear:left;\">appeal for the reform of order no.1136 of 11 November </span><span style=\"display:inherit;clear:left;\">2023. The precautionary appeal was registered under </span><span style=\"display:inherit;clear:left;\">G.R 10143/2023 and the Council Chambers was set for </span><span style=\"display:inherit;clear:left;\">23 January 2024. In its order no. 245 of 24 Januar<span class=\"_ _0\"></span>y 2024, </span><span style=\"display:inherit;clear:left;\">the Council of State rejected the precautionary appeal, </span><span style=\"display:inherit;clear:left;\">finding that the periculum in mora was non-existent and </span><span style=\"display:inherit;clear:left;\">the objections on the lateness of the appeal in relation to </span><span style=\"display:inherit;clear:left;\">resolution 512/2021/R/gas were not justified.</span><span style=\"display:inherit;clear:left;\">Snam S.p.A. - <span class=\"_ _c\"></span>Appeal brought by the Region of Sardinia </span><span style=\"display:inherit;clear:left;\">for the annulment of the Prime Minister<span class=\"_ _0\"></span>\u2019<span class=\"_ _c\"></span>s Decree of </span><span style=\"display:inherit;clear:left;\">29 March 2022, concerning the \"Identification of the </span><span style=\"display:inherit;clear:left;\">works and infrastructure necessary to phase out the </span><span style=\"display:inherit;clear:left;\">use of coal in Sardinia and the decarbonisation of the </span><span style=\"display:inherit;clear:left;\">island's industrial sectors\", and of <span class=\"_ _c\"></span>ARERA<span class=\"_ _c\"></span> resolution </span><span style=\"display:inherit;clear:left;\">279/2022/R/Com, concerning the start of the procedure </span><span style=\"display:inherit;clear:left;\">for the implementation of the Prime Minister<span class=\"_ _0\"></span>\u2019<span class=\"_ _c\"></span>s Decree </span><span style=\"display:inherit;clear:left;\">of 29 March 2022</span><span style=\"display:inherit;clear:left;\">On 27 July 2022, the Region of Sardinia filed an appeal to </span><span style=\"display:inherit;clear:left;\">the Regional Administrative Court for Lazio - Rome (\"T<span class=\"_ _1\"></span>AR </span><span style=\"display:inherit;clear:left;\">Roma\") against the Prime Minister's Office, the Ministry of </span><span style=\"display:inherit;clear:left;\">Ecological T<span class=\"_ _c\"></span>ransition, the Ministr<span class=\"_ _0\"></span>y of Enterprise and Made </span><span style=\"display:inherit;clear:left;\">in Italy, the Ministry of Sustainable Infrastructure and </span><span style=\"display:inherit;clear:left;\">Mobility, Snam, ARERA and RSE S<span class=\"_ _0\"></span>.p.<span class=\"_ _0\"></span>A. for the annulment<span class=\"_ _0\"></span>, </span><span style=\"display:inherit;clear:left;\">subject to the issue of precautionary measures, of the </span><span style=\"display:inherit;clear:left;\">Prime Minister\u2019s Decree for Sardinia (Official Gazette </span><span style=\"display:inherit;clear:left;\">of 30.5.2022) of 29 March 2022, concerning the </span><span style=\"display:inherit;clear:left;\">\"Identification of the works and infrastructures necessary to<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">phase out the use of coal in Sardinia and the decarbonisation<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">of the industrial sectors on the Island\" <span class=\"ff7b\">and of the resolution<span class=\"_ _c\"></span> </span></span><span style=\"display:inherit;clear:left;\">ARER<span class=\"_ _0\"></span>A 279/2022/R/Com concerning the initiation of the </span><span style=\"display:inherit;clear:left;\">procedure for the implementation of the Prime Minister\u2019s </span><span style=\"display:inherit;clear:left;\">Decree of 29.3.2022. The Regional Administrative Court </span><span style=\"display:inherit;clear:left;\">of Rome, following the hearing of 14 September 2022, </span><span style=\"display:inherit;clear:left;\">rejected the appeal of the Region of Sardinia in its entirety </span><span style=\"display:inherit;clear:left;\">by ruling no. 12149 of 26 September 2022.</span><span style=\"display:inherit;clear:left;\">On 26 October 2022, the Region of Sardinia filed before </span><span style=\"display:inherit;clear:left;\">the Council of State an appeal, G.R<span class=\"_ _0\"></span>. no. 8145/2022, </span><span style=\"display:inherit;clear:left;\">requesting the annulment and/or reform, subject to </span><span style=\"display:inherit;clear:left;\">suspension, of the aforementioned ruling no. 12149. The </span><span style=\"display:inherit;clear:left;\">Council of State, in order no. 5322/2022, granted the </span><span style=\"display:inherit;clear:left;\">petition, finding that the precautionary requirements </span><span style=\"display:inherit;clear:left;\">were favourable and could be adequately protected </span><span style=\"display:inherit;clear:left;\">by the prompt settlement of the case on the merits, </span><span style=\"display:inherit;clear:left;\">thus setting the hearing for 23 February 2023. In the </span><span style=\"display:inherit;clear:left;\">meantime, the Municipality of Portoscuso filed its own </span><span style=\"display:inherit;clear:left;\">action ad adiuvandum supporting the Region's arguments.<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">At the beginning of February 2023, the Region of Sardinia, </span><span style=\"display:inherit;clear:left;\">in agreement with the State Authorities referred to in </span><span style=\"display:inherit;clear:left;\">the lawsuit with the patronage of the Attorney General\u2019s </span><span style=\"display:inherit;clear:left;\">Office, notified the Council of State that a renewed </span><span style=\"display:inherit;clear:left;\">process of joint dialogue had been initiated between all </span><span style=\"display:inherit;clear:left;\">the public entities in various capacities involved in the </span><span style=\"display:inherit;clear:left;\">proceedings connected with the adoption and execution </span><span style=\"display:inherit;clear:left;\">of the contested measures. Upon the Region's motion<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">for postponement, to which the appearing parties </span><span style=\"display:inherit;clear:left;\">agreed, the hearing was adjourned to 16 November </span><span style=\"display:inherit;clear:left;\">2023. At that hearing, the Council of State, noting the </span><span style=\"display:inherit;clear:left;\">request for adjournment due to pending institutional </span><span style=\"display:inherit;clear:left;\">negotiations, ordered the adjournment to a date to be </span><span style=\"display:inherit;clear:left;\">determined. In order for the hearing on the merits to be </span><span style=\"display:inherit;clear:left;\">set, input from the Region of Sardinia will be required </span><span style=\"display:inherit;clear:left;\">(e.g., a new application to set a hearing or an application </span><span style=\"display:inherit;clear:left;\">for withdrawal) and an update on the aforementioned </span><span style=\"display:inherit;clear:left;\">negotiations is therefore pending.</span><span style=\"display:inherit;clear:left;\">GNL Italia S.p.A. - <span class=\"_ _1\"></span>Appeal against the Province of La </span><span style=\"display:inherit;clear:left;\">Spezia and the Municipality of Porto V<span class=\"_ _1\"></span>enere for the </span><span style=\"display:inherit;clear:left;\">annulment of the provisions contained in the IEA<span class=\"_ _c\"></span> order </span><span style=\"display:inherit;clear:left;\">for the Panigaglia plant requiring compliance with limit </span><span style=\"display:inherit;clear:left;\">values that are not in line with current legislation on </span><span style=\"display:inherit;clear:left;\">noise (T<span class=\"_ _1\"></span>AR Lazio-Roma, G.R. 12796/2023)</span><span style=\"display:inherit;clear:left;\">GNL filed the appeal before the Regional Administrative </span><span style=\"display:inherit;clear:left;\">Court of Lazio-Rome (\u201cT<span class=\"_ _c\"></span>AR Roma\u201d) to annul<span class=\"ff18\"> in parte qua</span> (i) </span><span style=\"display:inherit;clear:left;\">the Order of the Province of La Spezia, no. 618 of 26 June </span><span style=\"display:inherit;clear:left;\">2023, concerning the \u201cIssue of the Integrate Environmental </span><span style=\"display:inherit;clear:left;\">AUthorisation pursuant to Legislative Decree<span class=\"ff18\"> 152/2006 to </span></span><span style=\"display:inherit;clear:left;\">the Copan<span class=\"_ _c\"></span>y GNL Italia S.p.A<span class=\"_ _0\"></span>. for the install<span class=\"_ _c\"></span>ation known as the </span><span style=\"display:inherit;clear:left;\">GNL Italia plant, located in the Municipality of Portovenere </span><span style=\"display:inherit;clear:left;\">L<span class=\"_ _1\"></span>ocalit\u00e0 Panigaglia\"<span class=\"ff7b\">, (ii) the note of the Province of La </span></span><span style=\"display:inherit;clear:left;\">Spezia, Environment<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>T<span class=\"_ _c\"></span>own Planning-Planning Service file </span><span style=\"display:inherit;clear:left;\">no. 19341 of 9 August 2023 concerning the <span class=\"ff18\">\"Note GNL File </span></span><span style=\"display:inherit;clear:left;\">GNL/7092 of 21 July 2023 - Response<span class=\"_ _c\"></span>\"<span class=\"ff7b\"> and, where necessary, </span></span><span style=\"display:inherit;clear:left;\">(iii) the Resolutions of the Council of the Municipality of </span><span style=\"display:inherit;clear:left;\">Porto V<span class=\"_ _1\"></span>enere no. 12 and no. 13 of 29 April 2016 concerning, </span><span style=\"display:inherit;clear:left;\">respectively, the <span class=\"ff18\">\"Cl<span class=\"_ _c\"></span>assification of the acoustics of the </span></span><span style=\"display:inherit;clear:left;\">municipal territory - adoption<span class=\"_ _1\"></span>\" <span class=\"ff7b\">and</span> \"Municipal regulations for </span><span style=\"display:inherit;clear:left;\">the protection from noise pollution<span class=\"_ _1\"></span>\"<span class=\"ff7b\">. The appeal was filed on </span></span><span style=\"display:inherit;clear:left;\">27 September 2023 and was filed within the time limit, with </span><span style=\"display:inherit;clear:left;\">the assignment of G.R<span class=\"_ _0\"></span>. no. 12796/2023. The date of the </span><span style=\"display:inherit;clear:left;\">hearing on the merits still has to be set. In the meantime, </span><span style=\"display:inherit;clear:left;\">following the reopening of the Conference of Services on </span><span style=\"display:inherit;clear:left;\">the issue of noise, the Province of La Spezia, with Decision </span><span style=\"display:inherit;clear:left;\">no. 1101 of 17 November 2023, amended the IEA order, </span><span style=\"display:inherit;clear:left;\">but not in a manner satisfactory to GNL<span class=\"_ _0\"></span>, which therefore </span><span style=\"display:inherit;clear:left;\">challenged the latter provision by way of additional </span><span style=\"display:inherit;clear:left;\">grounds within the deadline of 15 January 2024.</span><span style=\"display:inherit;clear:left;\">Snam FSRU Italia S.r<span class=\"_ _1\"></span>.l. - Municipality of Piombino vs. </span><span style=\"display:inherit;clear:left;\">the Special Governance Commissioner and others, as </span><span style=\"display:inherit;clear:left;\">well as Snam Rete Gas S.p.A., Snam FSRU Italia S.r<span class=\"_ _1\"></span>.l. </span><span style=\"display:inherit;clear:left;\">and Snam S.p.A. (T<span class=\"_ _1\"></span>AR Lazio - Rome, G.R. 14940/2022)</span><span style=\"display:inherit;clear:left;\">The Municipality of Piombino - in an appeal filed on 24 </span><span style=\"display:inherit;clear:left;\">November 2022 to 36 respondents and other interested </span><span style=\"display:inherit;clear:left;\">parties, including Snam Rete Gas, Snam FSRU Italia and Snam, </span><span style=\"display:inherit;clear:left;\">and filed on 2 December 2022 - requested the annulment,<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">subject to precautionary suspension, of the commissioner's<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">order no. 140 of 25 October 2022 concerning the issue of the </span><span style=\"display:inherit;clear:left;\">Single Authorisation for the construction of the work known </span><span style=\"display:inherit;clear:left;\">as FSRU Piombino, of the connected infrastructures and of the </span><span style=\"display:inherit;clear:left;\">relative connection to the national gas pipeline network.</span><span style=\"display:inherit;clear:left;\">The Region of Tuscan<span class=\"_ _c\"></span>y and the Extraordinar<span class=\"_ _0\"></span>y Commissioner </span><span style=\"display:inherit;clear:left;\">of the Government, the Ministr<span class=\"_ _0\"></span>y of the Environment and </span><span style=\"display:inherit;clear:left;\">Energy Security (MASE), the Ministr<span class=\"_ _0\"></span>y of the Interior<span class=\"_ _c\"></span>, the </span><span style=\"display:inherit;clear:left;\">Ministry of Infrastructure and Transport (MIT), the Ministry of<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">Enterprise and Made in Italy (MiMIT) and the Prime Minister\u2019s<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">Office, as well as Snam Rete Gas, Snam FSRU Italia and </span><span style=\"display:inherit;clear:left;\">Snam, have entered an appearance. The trade union Unione </span><span style=\"display:inherit;clear:left;\">Sindacale di Base and the associations Greenpeace Italia and </span><span style=\"display:inherit;clear:left;\">WWF Italia also inter<span class=\"_ _0\"></span>vened ad audiuvandum.</span><span style=\"display:inherit;clear:left;\">On 21 December 2022, the Regional Administrative Court of </span><span style=\"display:inherit;clear:left;\">Rome rejected the interim application for relief filed by the </span><span style=\"display:inherit;clear:left;\">Municipality of Piombino and set the hearing on the merits </span><span style=\"display:inherit;clear:left;\">for 08 March 2023. In the course of the aforementioned </span><span style=\"display:inherit;clear:left;\">hearing: (i) on 04 January 2023, the Municipality filed 1 appeal<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">on additional grounds, challenging the Commissioner's Order </span><span style=\"display:inherit;clear:left;\">no. 167 of 09 December 2022, setting forth an extension of </span><span style=\"display:inherit;clear:left;\">100 days for the submission of the supplementary project for<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">the relocation of the FSRU to an offshore site and the related </span><span style=\"display:inherit;clear:left;\">divestment of the FSRU from the port of Piombino; (ii) on 14 </span><span style=\"display:inherit;clear:left;\">February 2023, the Municipality filed 2 additional grounds of<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">appeal, contesting the legality of the IEA procedure.<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">At the hearing on 08 March 2023, the T<span class=\"_ _1\"></span>AR postponed the </span><span style=\"display:inherit;clear:left;\">hearing because: (i) the notification of the 2nd appeal for </span><span style=\"display:inherit;clear:left;\">additional grounds was not made in compliance with the </span><span style=\"display:inherit;clear:left;\">minimum time limits for the defence and (ii) the Municipality </span><span style=\"display:inherit;clear:left;\">announced the appeal of the future EIA order<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">On 14 April 2023, the Municipality filed the third appeal </span><span style=\"display:inherit;clear:left;\">on additional grounds, requesting the annulment of </span><span style=\"display:inherit;clear:left;\">order no. 18 of 17 March 2023 by which the Extraordinar<span class=\"_ _0\"></span>y </span><span style=\"display:inherit;clear:left;\">Commissioner for the Piombino regasification plant granted </span><span style=\"display:inherit;clear:left;\">a further extension of 120 days for the submission of the </span><span style=\"display:inherit;clear:left;\">project relating to the offshore phase, and of the further </span><span style=\"display:inherit;clear:left;\">documents relating to the project. </span><span style=\"display:inherit;clear:left;\">On 26 May 2023, the Municipality filed the fourth appeal on </span><span style=\"display:inherit;clear:left;\">additional grounds, seeking annulment: (i) of the minutes </span><span style=\"display:inherit;clear:left;\">of the meeting of 27 April 2023 on the granting of the EIA </span><span style=\"display:inherit;clear:left;\">to Snam FSRU Italia; (ii) as well as the MASE decree no. 145 </span><span style=\"display:inherit;clear:left;\">of 03 May 2023 concerning the EIA and all the documents </span><span style=\"display:inherit;clear:left;\">annexed thereto and the order of the District Maritime </span><span style=\"display:inherit;clear:left;\">Office of Piombino no. 67 of 03 May 2023 concerning the </span><span style=\"display:inherit;clear:left;\">\"approval of the regulation of the activities of the FSRU </span><span style=\"display:inherit;clear:left;\">Piombino terminal\" and its annex.</span><span style=\"display:inherit;clear:left;\">In view of the hearing set for 05 July 2023, the parties filed documents, briefs and rejoinders respectively. At the hearing, the </span><span style=\"display:inherit;clear:left;\">Municipality announced the filing of the fifth appeal on additional grounds and the Regional Administrative Court of Lazio </span><span style=\"display:inherit;clear:left;\">therefore adjourned the case until 20 December 2023. </span><span style=\"display:inherit;clear:left;\">In its fifth appeal on additional grounds, filed on 26 July 2023, the Municipality sought the annulment of the final opinion </span><span style=\"display:inherit;clear:left;\">of the CTR (Regional Technical Committee<span class=\"_ _1\"></span>) by which the final safety report was adopted. On 25 September 2023, the<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">Municipality of Piombino filed the 6th appeal for additional grounds for the annulment of Order no. 57 of 27 July 2023 and </span><span style=\"display:inherit;clear:left;\">the annexes thereto, concerning the amendment of the commissioner's order no. 140/2022 for the design optimisation </span><span style=\"display:inherit;clear:left;\">concerning the plant related to the Wobbe Index. In view of the hearing set for 20 December 2023, the parties filed </span><span style=\"display:inherit;clear:left;\">documents, briefs and rejoinders. At the outcome of that hearing, with ruling no. 1279, published on 23 January 2024, the<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">Regional Administrative Court rejected the appeal brought by the Municipality of Piombino and all the additional grounds </span><span style=\"display:inherit;clear:left;\">and declared the intervention of the USB trade union inadmissible. Finally, it ordered both the Municipality and all inter<span class=\"_ _0\"></span>vening </span><span style=\"display:inherit;clear:left;\">parties WWF<span class=\"_ _c\"></span>, Greenpeace and USB to pay the costs.</span><span style=\"display:inherit;clear:left;position:relative;height:212.19140625px;\"><span class=\"pp-font-color-override-3\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0039062px; width: 477.855px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 16.5px; font-family: ff64; -webkit-text-stroke: 0.2475px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">29) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 13.9746px; font-size: 16.5px; font-family: ff64; -webkit-text-stroke: 0.2475px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">OPERA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 16.5px; font-family: ff64; -webkit-text-stroke: 0.2475px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TING REVENUES </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 16.5px; font-family: ff64; -webkit-text-stroke: 0.2475px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AND INCOME                             </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 5.90625px; top: 57.0078px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 5.90625px; top: 83.8887px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Revenues </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 531.289px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,496</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,244</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 5.90625px; top: 110.201px; width: 719.186px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other operating income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 472.635px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">44</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 5.90625px; top: 136.514px; width: 718.91px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL OPERA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TING REVENUES AND INCOME</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.227px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,515</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,288</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 199.07px; width: 686.473px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 13.5px; font-family: ff7b; -webkit-text-stroke: 0.2025px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">The group's revenues and other operating income are mainly generated in Italy</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 13.5px; font-family: ff7b; -webkit-text-stroke: 0.2025px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. An analysis of revenue by business </span></span></span><span style=\"display:inherit;clear:left;\">segment is provided in Note 36 'Information by business segment'.</span><span style=\"display:inherit;clear:left;\">Revenues to related parties are illustrated in Note 37 'T<span class=\"_ _c\"></span>ransactions with related parties'.</span><span style=\"display:inherit;clear:left;\">40</span><span style=\"display:inherit;clear:left;\">Revenues include energy cost fees</span><span style=\"display:inherit;clear:left;\">, which amount to \u20ac413 million (\u20ac198 million in 2022). Net of these fees, which are </span><span style=\"display:inherit;clear:left;\">offset by costs, revenues and other operating income amount to \u20ac3,875 million.</span><span style=\"display:inherit;clear:left;\">29.1 Revenues<span class=\"ws1\"> </span></span><span style=\"display:inherit;clear:left;position:relative;height:196.396484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.717px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Natural Gas T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransportation segment </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 386.115px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,208</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,480</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Natural Gas Storage segment </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 434.374px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">516</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">553</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Liquefied natural gas (LNG) regasification segment</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 327.387px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">42</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">77</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.77px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransition segment</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 451.301px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">693</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,092</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 515.145px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">42</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 716.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other revenues not allocated t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 373.799px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 718.723px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL REVENUES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 486.169px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,496</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,244</span></span></span><span style=\"display:inherit;clear:left;\">40 <span class=\"_ _94\"> </span>On the basis of what is established by the regulatory framework in force for the fifth regulator<span class=\"_ _0\"></span>y period, starting from 1 January 2020, the energy costs </span><span style=\"display:inherit;clear:left;\">relating to the costs for the purchase of fuel gas, previously subject to contribution in kind by the shippers and the charges for the purchase of CO</span><span style=\"display:inherit;clear:left;\">2</span><span style=\"display:inherit;clear:left;\">emission rights, are covered in revenues through the variable fee applied to users. Energy costs are recorded on the basis of the prices in the tariff </span><span style=\"display:inherit;clear:left;\">proposal and the related revenues to cover these costs are recognized consistently with the cost recording methods. The regulatory recognition criteria </span><span style=\"display:inherit;clear:left;\">for energy costs guarantee substantial neutrality at both an economic and financial level.</span><span style=\"display:inherit;clear:left;\">2<span class=\"_ _c\"></span>9.<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>1 <span class=\"_\"> </span>Natural gas transportation segment revenues</span><span style=\"display:inherit;clear:left;\">Revenues are mainly related to service fees for natural gas transportation activities and mainly concern Eni S<span class=\"_ _0\"></span>.p.<span class=\"_ _0\"></span>A. (\u20ac1,192 </span><span style=\"display:inherit;clear:left;\">million; 1,087 million in 2022) and Enel T<span class=\"_ _c\"></span>rade S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. (\u20ac719 million; \u20ac528 million in 2022). </span><span style=\"display:inherit;clear:left;\">Group revenues are shown net of tariff components, mainly referring to the transportation sector<span class=\"_ _1\"></span>, which are in addition to </span><span style=\"display:inherit;clear:left;\">the tariff and intended to cover general gas system charges (\u20ac4,048 million, \u20ac2,651 million in 2022), the amounts of which </span><span style=\"display:inherit;clear:left;\">are paid by Snam to Cassa per i Servizi Energetici e Ambientali (CSE<span class=\"_ _0\"></span>A). The main components are related to:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the CRVST fee (totalling \u20ac1,658 million in 2023; \u20ac1,006 million 2022), introduced by resolution no. 782/2017/R/GAS<span class=\"_ _0\"></span>, to </span><span style=\"display:inherit;clear:left;\">cover the charges arising from the new 'settlement gas' rules, to be applied to the quantities of gas redelivered to the </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>ransportation Ser<span class=\"_ _0\"></span>vice User at the redelivery points feeding the distribution networks;</span><span style=\"display:inherit;clear:left;\">OS</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the variable CRV</span><span style=\"display:inherit;clear:left;\"> fee, introduced in 2011 by the Authority's Resolution ARG/gas No. 29/11, to cover the charges arising </span><span style=\"display:inherit;clear:left;\">from the application of the revenue guarantee factor for the storage service and the charges incurred by Gestore Ser<span class=\"_ _0\"></span>vizi </span><span style=\"display:inherit;clear:left;\">Energetici (GSE) for the provision of the measures referred to in Articles 9 and 10 of Legislative Decree 130/10 (for a </span><span style=\"display:inherit;clear:left;\">total amount of \u20ac1,258 million in 2023; \u20ac962 million in 2022). </span><span style=\"display:inherit;clear:left;\">During 2023, Snam provided transport services for 351 users. </span><span style=\"display:inherit;clear:left;\">2<span class=\"_ _c\"></span>9.<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>2  Revenues from the natural gas storage segment</span><span style=\"display:inherit;clear:left;\">Revenues are mainly related to service fees for modulation storage activities (\u20ac428 million); \u20ac385 million in 2022) and </span><span style=\"display:inherit;clear:left;\">strategic storage (\u20ac73 million; \u20ac80 million in 2022). </span><span style=\"display:inherit;clear:left;\">During 2023, Snam provided natural gas storage services for 67 operators. </span><span style=\"display:inherit;clear:left;\">2<span class=\"_ _c\"></span>9.<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>3 <span class=\"_\"> </span>Liquefied natural gas (LNG) regasification</span><span style=\"display:inherit;clear:left;\">Revenues mainly refer to fees for the regasification service and the increase is mainly attributable to the recognition of </span><span style=\"display:inherit;clear:left;\">revenues related to higher regasified volumes in 2023 and revenues related to the start of operations at the Piombino </span><span style=\"display:inherit;clear:left;\">regasification plant. </span><span style=\"display:inherit;clear:left;\">2<span class=\"_ _c\"></span>9.<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>4 <span class=\"_\"> </span>Energy T<span class=\"_ _1\"></span>ransition segment revenues</span><span style=\"display:inherit;clear:left;\">Revenues related to the Energy T<span class=\"_ _c\"></span>ransition segment include: (i) revenues related to energy efficiency projects (\u20ac 935 </span><span style=\"display:inherit;clear:left;\">million); \u20ac578 million in 2022), mainly relating to redevelopment and recovery activities of residential building stock (Deep </span><span style=\"display:inherit;clear:left;\">Renovation) and the provision of services (energy service) developed mainly through the management of orders/contracts </span><span style=\"display:inherit;clear:left;\">signed with private entities;; (ii) fees for the construction and operation of biogas and biomethane plants (\u20ac157 million); </span><span style=\"display:inherit;clear:left;\">\u20ac115 million in 2022). </span><span style=\"display:inherit;clear:left;\">29.1.5 <span class=\"_ _10\"> </span>Other segments</span><span style=\"display:inherit;clear:left;\">Revenues include the sale of automotive - CNG compressors (\u20ac14 million).</span><span style=\"display:inherit;clear:left;\">29.2 <span class=\"_ _3f0\"> </span>Other operating income</span><span style=\"display:inherit;clear:left;\">Other operating income of \u20ac44 million mainly related to the transport sector (\u20ac20 million).</span><span style=\"display:inherit;clear:left;\">30) <span class=\"_ _35\"> </span>OPERA<span class=\"_ _1\"></span>TING COSTS <span class=\"_ _1\"></span>AND EXPENSES </span><span style=\"display:inherit;clear:left;position:relative;height:143.771484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Costs for purchase of raw mat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">erials, consumables and finished goods</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 222.486px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">655</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.137</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.934px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Costs for services</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 501.57px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">246</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">287</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ersonnel costs</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 511.312px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">237</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">248</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 719.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other operating costs and expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 400.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">159</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">219</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL OPERA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TING COSTS AND EXPENSES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 350.549px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,297</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,891</span></span></span><span style=\"display:inherit;clear:left;\">The reasons for the most significant changes are explained in the Interim Management Report in the \u2018Comment on </span><span style=\"display:inherit;clear:left;\">Financial Results\u2019.</span><span style=\"display:inherit;clear:left;\">The group's operating costs and expenses are mainly incurred in Italy<span class=\"_ _c\"></span>.</span><span style=\"display:inherit;clear:left;\">Operating costs and expenses incurred with related parties are disclosed in Note 37 'T<span class=\"_ _c\"></span>ransactions with related parties'.</span><span style=\"display:inherit;clear:left;\">30.1 <span class=\"_ _3f0\"> </span>Costs for purchase of raw materials, consumables and finished goods </span><span style=\"display:inherit;clear:left;position:relative;height:143.771484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.605px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Costs for purchase of raw mat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">erials, consumables and finished goods</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 212.666px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,909</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,450</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in invent</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ories of raw materials, c</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">onsumables and finished goods</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.316px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3,198)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(256)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal costs incurred during the year</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 404.906px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">711</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,194</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Share of capitalised costs for internal w</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ork</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 364.008px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(56)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(57)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OSTS FOR PUR</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">CHASE OF R</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AW MA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TERIAL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">S, CONSUMABLES AND FINISHED GOODS </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">655</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,137</span></span></span><span style=\"display:inherit;clear:left;\">The item Costs for the purchase of raw materials, consumables and finished goods is mainly attributable to the energy </span><span style=\"display:inherit;clear:left;\">efficiency business (\u20ac662 million), for the purchase of materials forenergy efficiency measures in the residential, tertiar<span class=\"_ _0\"></span>y </span><span style=\"display:inherit;clear:left;\">and public administration sectors, and to the transport sector (\u20ac389 million), for the purchase of natural gas.</span><span style=\"display:inherit;clear:left;\">30.2 <span class=\"_ _3f0\"> </span>Costs for services </span><span style=\"display:inherit;clear:left;position:relative;height:433.240234375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 719.027px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Construction, design and construction management </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 318.779px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">81</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">267</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 719.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IT Services</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 546.54px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">94</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">109</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 719.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">echnical, legal, administrative and professional services</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 297.891px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">81</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">73</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Routine maintenance services</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 441.082px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">37</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">51</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 719.268px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Supply of electricity, heat, water</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">, etc. </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 400.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">57</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">36</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ersonnel-related services</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 459.81px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">22</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">30</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 719.033px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Environmental services</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 477.581px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">22</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">25</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 718.652px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">elecommunication services</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 450.544px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 237.42px; width: 719.027px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Insurance</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 551.002px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 263.732px; width: 718.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Materials processing at third parties</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 414.082px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.045px; width: 718.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Advertising</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 547.83px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 316.373px; width: 718.799px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Use of the provision for decommissioning and sit</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e restoration</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 267.803px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 342.686px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other services</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 524.846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">55</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 368.998px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal costs incurred during the year</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 404.906px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">445</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">688</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 395.311px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Share of capitalised costs for internal w</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ork</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.317px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(199)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(401)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 421.623px; width: 719.186px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OSTS FOR SER</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">VICES </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 434.374px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">246</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">287</span></span></span><span style=\"display:inherit;clear:left;\">30.3 <span class=\"_ _3f0\"> </span>Personnel costs</span><span style=\"display:inherit;clear:left;position:relative;height:170.083984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Wages and salaries</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 493.545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">208</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">216</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 719.004px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Social charges (social securityand welfare)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 375.262px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">57</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">60</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 517.331px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">37</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">30</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal personnel costs incurred during the year</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 340.611px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">302</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">306</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Share of capitalised costs</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 458.062px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(65)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(58)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL PERSONNEL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OSTS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 448.207px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">237</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">248</span></span></span><span style=\"display:inherit;clear:left;\">Other expenses (\u20ac30 million) mainly include charges for defined contribution plans (\u20ac15 million<span class=\"_ _c\"></span>), chiefly related to accrued </span><span style=\"display:inherit;clear:left;\">Employee Severance Indemnity (TFR), to be paid to pension funds, i.e. INPS. </span><span style=\"display:inherit;clear:left;\">Liabilities for employee benefits are illustrated in Note 20 \u201cLiabilities for employee benefits\u201d.</span><span style=\"display:inherit;clear:left;\">30.3.1 <span class=\"_ _10\"> </span>A<span class=\"_ _c\"></span>verage number of employees</span><span style=\"display:inherit;clear:left;\">The average number of tenured employees of entities included in the scope of consolidation, broken down by professional </span><span style=\"display:inherit;clear:left;\">qualification, is shown in the table below: </span><span style=\"display:inherit;clear:left;position:relative;height:143.771484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.104px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Professional st</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">atus</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 479.355px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 719.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Executives </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 535.545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">145</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">139</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Middle Managers</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 502.721px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">639</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">675</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Office work</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ers</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 506.689px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,925</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,037</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Manual work</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ers</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 510.623px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">841</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">875</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.658px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">VER</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AGE NUMBER OF EMPL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">O</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">YEES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 389.239px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,550</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,726</span></span></span><span style=\"display:inherit;clear:left;\">The average number of employees is calculated as the average determined on the basis of the monthly results of </span><span style=\"display:inherit;clear:left;\">employees per category. </span><span style=\"display:inherit;clear:left;\">The number of employees in service at 31 December 2023 was 3,798 (3,610 employees at 31 December 2022), an increase </span><span style=\"display:inherit;clear:left;\">of 188 resources (+5.21%) compared to 31 December 2022. The increase is mainly due to the strengthening of the energy </span><span style=\"display:inherit;clear:left;\">transition business and the inclusion of new resources in the gas infrastructure business, with particular reference to the </span><span style=\"display:inherit;clear:left;\"><span><span style=\"display:inherit;clear:left;\">natural gas transportation sector<span class=\"_ _1\"></span>, for new project initiatives.</span></span>     </span><span style=\"display:inherit;clear:left;\">30.3.2 <span class=\"_ _10\"> </span>Incentive plans with Snam shares<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">Long-term share-based incentive plan </span><span style=\"display:inherit;clear:left;\">In its meetings held on 18 June 2020 and 4 May 2023, the Snam Shareholders' Meeting approved the 2020-2022 and 2023-</span><span style=\"display:inherit;clear:left;\">2025 Long-<span class=\"_ _c\"></span>T<span class=\"_ _1\"></span>erm Stock Incentive Plans, granting the Board of Directors, and on its behalf the Chief E<span class=\"_ _0\"></span>xecutive Officer<span class=\"_ _1\"></span>, with </span><span style=\"display:inherit;clear:left;\">specific authority to sub-delegate, all powers necessary to implement the Plans.</span><span style=\"display:inherit;clear:left;\">The Plans are for managerial positions at Snam and its Subsidiaries, and namely the Chief Executive Officer of Snam and </span><span style=\"display:inherit;clear:left;\">persons holding positions with the greatest impact on the achievement of business results in the medium-/long-term or </span><span style=\"display:inherit;clear:left;\">with strategic importance for the achievement of Snam\u2019s long-term objectives, as well as any other positions identified in </span><span style=\"display:inherit;clear:left;\">relation to performance achieved, skills possessed or with a view to retention. The maximum number of beneficiaries, per </span><span style=\"display:inherit;clear:left;\">three-year cycle, is 100.</span><span style=\"display:inherit;clear:left;\">The Plans provide for three allocations of ordinary shares each in the years 2020-2021-2022 and 2023-2024-2025, </span><span style=\"display:inherit;clear:left;\">respectively. Each allocation is subject to a three-year vesting period, and respectively 2023-2024-2025 and 2026-2027-</span><span style=\"display:inherit;clear:left;\">2028, at the end of which shares are actually assigned, as illustrated in the scheme below.   </span><span style=\"display:inherit;clear:left;position:relative;height:193.46484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 37.2812px; top: 0.0078125px; width: 669.996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Allocation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Performanc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e Period</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Vesting P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eriod</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assignment of Shares</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Actions Assigned (*)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 53.0469px; top: 26.9043px; width: 627.732px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2020</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2020 - 2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.865px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.467px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.787px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,277,996 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 53.0469px; top: 53.2168px; width: 627.732px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2021 - 2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.865px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.467px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.787px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,245,854 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 53.0469px; top: 79.5293px; width: 627.732px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022 - 2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.865px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.467px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.787px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,032,626 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 53.0469px; top: 105.842px; width: 624.961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023 - 2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.865px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2026</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.467px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2026</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.787px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,272,141</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 53.0469px; top: 132.17px; width: 464.889px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2024 - 2026</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.865px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2027</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.467px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2027</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 53.0469px; top: 158.482px; width: 464.889px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2025 - 2027</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.865px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2028</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.467px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2028</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.473px; width: 423.363px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)  </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.5969px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">The number of shares refers to the target value (performance = 100) of rights allocated for each year</span></span></span><span style=\"display:inherit;clear:left;\">The Board of Directors has determined that a maximum of 3,500,000 Shares will be used for each three-year cycle of </span><span style=\"display:inherit;clear:left;\">the Plans. </span><span style=\"display:inherit;clear:left;\">The 2023-2025 Plan envisages the free assignment of a variable number of shares, depending on the individual attribution </span><span style=\"display:inherit;clear:left;\">and the degree to which the Plan performance conditions are achieved. The actual vesting of the allocated Shares </span><span style=\"display:inherit;clear:left;\">is subject to the achievement of specific Performance Conditions that are verified for all beneficiaries at the end of </span><span style=\"display:inherit;clear:left;\">each three-year period of implementation following a timely process of verifying the results actually achieved by the </span><span style=\"display:inherit;clear:left;\">Appointments and Remuneration Committee, in support of the resolutions taken in this regard by the Board of Directors.</span><span style=\"display:inherit;clear:left;\">The Plan's performance conditions are link<span class=\"_ _c\"></span>ed to the following parameters: </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>Adjusted net profit cumulated in the three-year period corresponding to the Performance Period, with a weight of 40%; </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>Value Added generated in the three-year period corresponding to the performance period, with a weight of 20%; </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>Energy Transition Readiness metric, with an overall weight of 20%, based on the following parameters: </span><span style=\"display:inherit;clear:left;\">1) <span class=\"_ _84\"> </span>km of 'H2 ready' network (weight 10%);</span><span style=\"display:inherit;clear:left;\">2) <span class=\"_ _84\"> </span>MW installed related to biomethane (weight 5%); </span><span style=\"display:inherit;clear:left;\">3) <span class=\"_ _84\"> </span>CSS - H2 projects and market design (weight 5%); </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>ESG metric, with a weight of 20%, measured through the results achieved with respect to 2 indicators identified on a </span><span style=\"display:inherit;clear:left;\">three-year basis, aiming at:</span><span style=\"display:inherit;clear:left;\">4) <span class=\"_ _84\"> </span>reducing natural gas emissions over the next three years (weight 10%); </span><span style=\"display:inherit;clear:left;\">5) <span class=\"_ _84\"> </span>guaranteeing a fair representation of the less present gender in Snam<span class=\"_ _c\"></span>\u2019s management team (weight of 10%) in terms </span><span style=\"display:inherit;clear:left;\">of the % of the less represented gender of executives and middle managers out of all Group executives and midle </span><span style=\"display:inherit;clear:left;\">managers.</span><span style=\"display:inherit;clear:left;\">It is also envisaged that an additional number of shares will be assigned - defined as \u201cdividend equivalents\u201d - according </span><span style=\"display:inherit;clear:left;\">to the shares effectively assigned at the end of the vesting period. The number of additional shares to be allocated </span><span style=\"display:inherit;clear:left;\">is determined by dividing the sum of the dividends distributed in the vesting period by the average price of the share </span><span style=\"display:inherit;clear:left;\">recorded in the month prior to the assignment. For the Chief Executive Officer and the other Plan Beneficiaries, it </span><span style=\"display:inherit;clear:left;\">is envisaged that 20% of the shares assigned, gross of those required to fulfil tax requirements, shall be subject to a </span><span style=\"display:inherit;clear:left;\">lockup period. </span><span style=\"display:inherit;clear:left;\">For further information, see the \u201cInformation Document on the 2023-2025 Long-<span class=\"_ _c\"></span>T<span class=\"_ _1\"></span>erm Share- Based Incentive Plan\u201d </span><span style=\"display:inherit;clear:left;\">prepared pursuant to Article 84-bis of the Regulation on Issuers, available on Snam\u2019s website.</span><span style=\"display:inherit;clear:left;\">In line with the substantial nature of remuneration, in accordance with the provisions of international accounting </span><span style=\"display:inherit;clear:left;\">standards, the cost of the plans is determined by referring to the fair value of the instruments assigned and the forecast </span><span style=\"display:inherit;clear:left;\">of the number of shares to be granted at the end of the vesting period; the cost is recognised pro-rata temporis over </span><span style=\"display:inherit;clear:left;\">the vesting period. </span><span style=\"display:inherit;clear:left;\">The costs pertaining to the 2023 financial year<span class=\"_ _1\"></span>, equal to the product of the number of shares expected to accrue upon </span><span style=\"display:inherit;clear:left;\">maturity, measured at the grant date, were recognised as a cost component against a corresponding equity reserve, </span><span style=\"display:inherit;clear:left;\"><span><span style=\"display:inherit;clear:left;\">and amount to \u20ac5 million (\u20ac6 million in 2022).</span></span><span class=\"ls1\"> </span></span><span style=\"display:inherit;clear:left;\">30.3.3 <span class=\"_ _10\"> </span>Remuneration of key management personnel</span><span style=\"display:inherit;clear:left;\">Remuneration due to persons with the power and responsibility for the planning, management and control of the </span><span style=\"display:inherit;clear:left;\">41</span><span style=\"display:inherit;clear:left;\">company, i.e. ex<span class=\"_ _c\"></span>ecutive and non-executive directors, general managers and executives with strategic responsibilities</span><span style=\"display:inherit;clear:left;\">  (so-</span><span style=\"display:inherit;clear:left;\">called \"key management personnel\") in office during the year amounted (including contributions and accessory charges) to </span><span style=\"display:inherit;clear:left;\">\u20ac6 million (\u20ac13 million in 2022) and was composed as follows: </span><span style=\"display:inherit;clear:left;position:relative;height:117.458984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.834px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Wages and salaries</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Share-based payments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 480.716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 716.156px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ermination of employment benefits</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 410.438px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.904px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL REMUNERA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TION TO KEY MANAGEMENT PERSONNEL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 266.361px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span></span></span><span style=\"display:inherit;clear:left;\">Information on the compensation paid to directors and statutory auditors, general managers and Key Managers, and the </span><span style=\"display:inherit;clear:left;\">equity investments held by each of these, can be found in the Remuneration Report, which is prepared in accordance with </span><span style=\"display:inherit;clear:left;\">Article 123- ter of Legislative Decree no. 58/1998 (TUF). The Remuneration Report is available on the Snam website (ww<span class=\"_ _0\"></span>w.</span><span style=\"display:inherit;clear:left;\"><span><span style=\"display:inherit;clear:left;\">snam.it) in the Governance section, to which reference is made.</span></span> </span><span style=\"display:inherit;clear:left;\">30.3.4 <span class=\"_ _10\"> </span>Remuneration of Directors and Statutory <span class=\"_ _c\"></span>Auditors<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">The remuneration of directors amounted to \u20ac4 million and \u20ac10 million in the 2023 and 2022 financial years, respectively. </span><span style=\"display:inherit;clear:left;\">The remuneration of auditors amounted to \u20ac0.2 million (as in 2022). This remuneration includes fees and any other sum of </span><span style=\"display:inherit;clear:left;\">remuneration, social security and welfare payments due for serving as a director or statutor<span class=\"_ _0\"></span>y auditor in Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. and in </span><span style=\"display:inherit;clear:left;\">other companies included in the scope of consolidation that constituted a cost for Snam, even if not subject to personal </span><span style=\"display:inherit;clear:left;\">income tax.</span><span style=\"display:inherit;clear:left;\">30.4 <span class=\"_ _3f0\"> </span>Other operating costs and expenses </span><span style=\"display:inherit;clear:left;position:relative;height:222.724609375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 16.3008px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">CO</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 20.3281px; top: 26.8887px; width: 698.227px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> emission rights</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 497.67px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">58</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">59</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 16.4844px; top: 34.4336px; width: 3.94336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.996px; font-family: ff77; -webkit-text-stroke: 0.10494px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2168px; width: 719.238px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Allocations (Uses) to</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">/of the provision for bad debt</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.227px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">49</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5293px; width: 718.682px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Software licences, short</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-term leasing costs and leasing of lo</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">w-value assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 201.058px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">26</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">45</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 719.203px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Net allocations/(Uses) to</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">/of provisions for risks and charges</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 280.6px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 719.016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Indirect taxes and duties</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 469.762px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">16</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Losses on the disposal of property, plant and equipment and intangible assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 180.053px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">28</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.795px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 517.331px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 719.068px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL O</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">THER OPER</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TING COSTS AND EXPENSES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 318.164px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">159</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">219</span></span></span><span style=\"display:inherit;clear:left;\">For more details on changes in provisions for risks and charges and receivables, see Note 18 'Provisions for risks and </span><span style=\"display:inherit;clear:left;\">charges' and Note 15 'T<span class=\"_ _1\"></span>rade and other receivables'.</span><span style=\"display:inherit;clear:left;\">41 <span class=\"_ _94\"> </span>This includes persons who have the power and responsibility, directly and indirectly, for planning, managing and controlling Snam<span class=\"_ _c\"></span>'s activities. Snam's key </span><span style=\"display:inherit;clear:left;\">management personnel, other than Directors and Statutory Auditors, have been identified as follows:  Chief Operations Officer, Chief Financial Officer </span><span style=\"display:inherit;clear:left;\">and Chief People &amp; Organisation Officer<span class=\"_ _1\"></span>.    </span><span style=\"display:inherit;clear:left;\">30.4.1 <span class=\"_ _10\"> </span>Greenhouse gas emission permit system - Emission T<span class=\"_ _1\"></span>rading System</span><span style=\"display:inherit;clear:left;\">On 1 January 2021, the fourth regulator<span class=\"_ _0\"></span>y period (2021-2030) of the Emission Trading S<span class=\"_ _c\"></span>ystem (ETS) began, the greenhouse </span><span style=\"display:inherit;clear:left;\">gas emission permit system, regulated by Legislative Decree no. 47 of 9 June 2020, which repealed Legislative Decree no. </span><span style=\"display:inherit;clear:left;\">30 of 13 March 2013 and transposes Directive 2018/410/EU<span class=\"_ _c\"></span>.</span><span style=\"display:inherit;clear:left;\">There are 24 Snam Group plants subject to Emission T<span class=\"_ _c\"></span>rading regulations, of which 13 compressor stations of Snam Rete </span><span style=\"display:inherit;clear:left;\">Gas, 8 storage plants of Stogit, the regasifier of GNL Italia, the cogeneration plant of TEP and from 2023 also the regasifier </span><span style=\"display:inherit;clear:left;\">of FSRU Italia in Piombino. </span><span style=\"display:inherit;clear:left;\">In 2023, the free allocation for the Snam Group amounted to 182,290 allowances, an increase of 17.9 % compared to </span><span style=\"display:inherit;clear:left;\">2022, due to the new rules introduced by the aforementioned legislation for the fourth ETS period. </span><span style=\"display:inherit;clear:left;\">In the 2023 financial year<span class=\"_ _1\"></span>, carbon dioxide emissions from Snam Group installations subject to the ETS exceeded the </span><span style=\"display:inherit;clear:left;\">allocated emission allowances. For around 0.92 million tonnes of carbon dioxide emitted into the atmosphere, there was </span><span style=\"display:inherit;clear:left;\">therefore a deficit of some 0.73 million tonnes. The deficit was offset by the shares purchased by the various companies, </span><span style=\"display:inherit;clear:left;\">with a cost of approximately \u20ac58.87 million recognised under 'Other operating costs and expenses<span class=\"_ _c\"></span>'. No costs are foreseen </span><span style=\"display:inherit;clear:left;\">for TEP as the purchase of CO</span><span style=\"display:inherit;clear:left;\"> quotas is borne by the company to which the plant supplies the energy, net of the quotas </span><span style=\"display:inherit;clear:left;\">2</span><span style=\"display:inherit;clear:left;\">of Renovit TEP for feeding the extra energy directly into the grid. </span><span style=\"display:inherit;clear:left;\">Despite the fact that the new regasification plant in Piombino came into operation, total CO</span><span style=\"display:inherit;clear:left;\"> emissions for the year 2023 </span><span style=\"display:inherit;clear:left;\">2</span><span style=\"display:inherit;clear:left;\">were slightly lower than the previous year (-1.3%), mainly because the amount of gas stored decreased and because the </span><span style=\"display:inherit;clear:left;\">consumption of TEP's cogeneration plant was reduced.</span><span style=\"display:inherit;clear:left;\">However<span class=\"_ _1\"></span>, the costs for the purchase of CO</span><span style=\"display:inherit;clear:left;\"> allowances increased compared to the previous year (+2.5%) due to the </span><span style=\"display:inherit;clear:left;\">2</span><span style=\"display:inherit;clear:left;\">increase in average purchase prices.</span><span style=\"display:inherit;clear:left;\">The current regulatory framework defined by ARER<span class=\"_ _0\"></span>A with reference to the natural gas transportation, regasification and </span><span style=\"display:inherit;clear:left;\">storage sector provides for the recognition of costs related to the Emission T<span class=\"_ _c\"></span>rading System, guaranteeing substantial </span><span style=\"display:inherit;clear:left;\">neutrality at both the economic and financial level for Snam. For further details, please refer to the section \"Risk and </span><span style=\"display:inherit;clear:left;\">Uncertainty F<span class=\"_ _c\"></span>actors - Climate Change\" in the Consolidated Non-Financial Statement.</span><span style=\"display:inherit;clear:left;\">31) <span class=\"_ _35\"> </span>DEPRECIA<span class=\"_ _1\"></span>TION, <span class=\"_ _1\"></span>AMORTISA<span class=\"_ _1\"></span>TION <span class=\"_ _1\"></span>AND IMP<span class=\"_ _1\"></span>AIRMENT LOSSES   </span><span style=\"display:inherit;clear:left;position:relative;height:170.083984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation of property, plant and equipment</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 341.66px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">747</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">786</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 719.145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amortisation of intangible assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 416.351px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">120</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">139</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.664px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal depreciation and amortisation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 401.67px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">867</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">925</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.986px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impairment losses on property, plant and equipment and intangible assets</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 217.014px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">201</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.811px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal impairment losses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.551px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">201</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL DEPRE</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">CIATION, AMORTISA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TION AND IMP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AIRMENT LOSSES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 227.191px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">890</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.126</span></span></span><span style=\"display:inherit;clear:left;\">For more details on depreciation, amortisation and impairment losses, please refer to the analyses in Notes 8 'Property, </span><span style=\"display:inherit;clear:left;\">Plant and Equipment' and 9 'Intangible Assets and Goodwill'.</span><span style=\"display:inherit;clear:left;\">An analysis of depreciation, amortisation and impairment losses by business segment is provided in Note 36 'Information </span><span style=\"display:inherit;clear:left;\">by business segment'.</span><span style=\"display:inherit;clear:left;\">32) <span class=\"_ _35\"> </span>NET FINANCIAL EXPENSES </span><span style=\"display:inherit;clear:left;position:relative;height:419.51171875px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.594px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Interest income and other financial inc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ome on short</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-term financial assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 200.578px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(30)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 719.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Interest income on long-t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">erm financial receivables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 324.334px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.7267px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(5)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.682px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Other financial income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 465.57px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(25)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(58)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL FINANCIAL INC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OME </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 441.082px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(37)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.2793px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(93)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.723px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Interest expense and other financial expenses on bonds</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 287.672px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">148</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">120</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Commissions paid on loans and bank credit lines</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 336.252px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 719.227px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Interest expense on credit lines and loans from banks and other lenders</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.113px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">152</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 718.893px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Expenses related to gross financial debt</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 381.248px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">175</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">295</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 237.42px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Financial expenses related to the passage of time (accretion disc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ount)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 218.56px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 263.732px; width: 719.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other financial expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 468.825px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.045px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal financial expenses incurred during the year</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 333.65px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">202</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">335</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 316.373px; width: 718.834px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Share of capitalised financial expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 380.209px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(25)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(21)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 342.686px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL FINANCIAL EXPENSES </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 430.957px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">177</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">314</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 368.998px; width: 718.928px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL NET FINANCIAL EXPENSES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 408.248px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">140</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">221</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 399.27px; width: 710.021px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.61134px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">This item relates to the increase in provisions for risks and charges and emplo</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yee benefit liabilities, which are shown, at a discounted value, in Note 18 \"Pro</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">visions for risks </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 16.4844px; top: 410.52px; width: 227.865px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and charges\" and Note 20 \"Employee benefit liabilities\".</span></span></span><span style=\"display:inherit;clear:left;\">Interest income on long-term financial receivables (\u20ac5 million) relates to the OL<span class=\"_ _11\"></span>T Shareholder Loan.</span><span style=\"display:inherit;clear:left;\">Other financial income (\u20ac58 million) mainly refers to: (i) default interest billed to end customers and distribution users in </span><span style=\"display:inherit;clear:left;\">relation to unpaid invoices for the default service provided by Snam Rete Gas (\u20ac38 million); (ii) income from the effect of </span><span style=\"display:inherit;clear:left;\">the passage of time of Ecobonus credits (\u20ac13 million); (iii) the effects of the restatement of future cash flows related to </span><span style=\"display:inherit;clear:left;\">the partial repayment of the Shareholders Loan by OL<span class=\"_ _11\"></span>T (\u20ac3 million).</span><span style=\"display:inherit;clear:left;\">The expenses related to gross financial debt (\u20ac295 million) mainly concern: (i) interest expense and other charges on </span><span style=\"display:inherit;clear:left;\">bonds (\u20ac120 million) related to interest on bonds (ii) interest expense to banks related to revolving credit facilities and </span><span style=\"display:inherit;clear:left;\">term loans totalling \u20ac152 million; (iii) the year's portion of up-front fees (\u20ac13 million) and (iv) non-utilisation fees for </span><span style=\"display:inherit;clear:left;\">revolving credit facilities (\u20ac9 million).</span><span style=\"display:inherit;clear:left;\">Other financial expenses (\u20ac21 million) mainly refer to the accrual to the bad debt provision for default interest related to </span><span style=\"display:inherit;clear:left;\">the default service of Snam Rete Gas (\u20ac12 million).</span><span style=\"display:inherit;clear:left;\">The financial expenses associated with the passage of time mainly relate to the decommissioning and site restoration </span><span style=\"display:inherit;clear:left;\">provisions of the storage and transport sectors.</span><span style=\"display:inherit;clear:left;\">Capitalised financial expenses refer to the portion of financial expenses capitalised in investing activities.</span><span style=\"display:inherit;clear:left;\">33) <span class=\"_ _35\"> </span>NET INCOME FROM EQUITY INVESTMENTS   </span><span style=\"display:inherit;clear:left;position:relative;height:196.396484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 719.021px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Share of profit from investments acc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ounted for using the equity method</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 203.613px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">296</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">458</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Losses from inv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">estments accounted for using the equity method</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 239.402px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(152)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(48)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Share of profit or loss of investments acc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ounted for using the equity method</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 170.531px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">144</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">410</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other income from equity inv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">estments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 392.351px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">79</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">82</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.846px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other expenses from equity investments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 366.662px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(361)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.764px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other income (expenses) from equity inv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">estments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 309.387px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(282)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">74</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 718.875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL NET INC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OME FROM E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">QUITY INVESTMENTS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 310.465px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(138)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">484</span></span></span><span style=\"display:inherit;clear:left;\">An analysis of the share of profit or loss of investments accounted for using the equity method is given in Note 10 </span><span style=\"display:inherit;clear:left;\">'Investments accounted for using the equity method'.</span><span style=\"display:inherit;clear:left;\">Other income from investments mainly relates to the capital gain arising from the sale of shares in Industrie De Nora S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. </span><span style=\"display:inherit;clear:left;\">(\u20ac76 million), a transaction after which Snam holds 21.59% of the company's share capital (25.79% before the sale<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">Other expenses from equity investments mainly relate to the change in fair value of contractually agreed earn-outs.</span><span style=\"display:inherit;clear:left;\">34) <span class=\"_ _35\"> </span>INCOME T<span class=\"_ _1\"></span>AXES  </span><span style=\"display:inherit;clear:left;\">34.1 <span class=\"_ _3f0\"> </span>Income taxes recognised in the income statement</span><span style=\"display:inherit;clear:left;position:relative;height:250.427734375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 382.266px; top: 0.0078125px; width: 248.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 193.629px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 417.531px; top: 26.3203px; width: 33.0762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IRAP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">, </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 638.688px; top: 26.3203px; width: 33.0762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IRAP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">, </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 33.4141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 333.141px; top: 33.0859px; width: 31.8867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IRES, </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 553.5px; top: 33.0859px; width: 31.8867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IRES, </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 399.438px; top: 39.8203px; width: 50.332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">regional </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 620.953px; top: 39.8203px; width: 50.332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">regional </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 294.812px; top: 46.5859px; width: 70.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">corpor</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ation </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 468.797px; top: 46.5859px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 516.453px; top: 46.5859px; width: 70.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">corpor</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ation </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 690.875px; top: 46.5859px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 415.641px; top: 53.3203px; width: 34.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">trade </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 636.516px; top: 53.3203px; width: 34.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">trade </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 343.75px; top: 60.0859px; width: 17.8945px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tax</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 564.594px; top: 60.0859px; width: 17.8945px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tax</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 384.797px; top: 66.8203px; width: 62.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ax</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 606.672px; top: 66.8203px; width: 62.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ax</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.7168px; width: 719.273px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current tax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es for the year</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 201.058px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">344</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">63</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">407</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">378</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">70</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">448</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 120.029px; width: 275.174px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Adjustments for current tax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es relating to previous </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 354.938px; top: 126.795px; width: 363.65px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(12)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.5585px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.5195px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(14)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 133.529px; width: 28.9219px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">years</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.857px; width: 718.893px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provisions (uses) for current tax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 170.531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 186.186px; width: 718.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal current taxes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 238.916px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">353</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">63</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">416</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">372</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">68</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">440</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 212.498px; width: 718.922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal deferred taxes </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 227.736px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(37)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.5585px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.5195px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(38)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(50)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.5585px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(51)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.811px; width: 718.834px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL INC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OME T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">XES </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 213.082px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">316</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">62</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">378</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">322</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">67</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">389</span></span></span><span style=\"display:inherit;clear:left;\">Income taxes (\u20ac389 million) increased by \u20ac11 million compared to 31 December 2022, mainly due to pre-tax profit. </span><span style=\"display:inherit;clear:left;\">The analysis of the reconciliation between the theoretical tax charge, determined by applying the IRES, corporation tax </span><span style=\"display:inherit;clear:left;\">and IR<span class=\"_ _0\"></span>AP<span class=\"_ _1\"></span>, regional trade income tax rates in force in Italy, and the actual tax charge for the year is shown below: </span><span style=\"display:inherit;clear:left;position:relative;height:512.896484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 500.688px; top: 0.0078125px; width: 167.555px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 13.1641px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 459.219px; top: 26.3203px; width: 262.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ax rate</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.0039px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> Value </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.8828px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ax rate</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.0039px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> Value </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 721.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Pre-tax profit</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 470.595px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,050 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.4784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.5196px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">   1,534 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 413.326px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accrued IRES, corporation tax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es, calculated on the basis of the theoretical </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 471.062px; top: 86.2793px; width: 249.844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">24.0%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">252 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24.0%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">      368 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0137px; width: 43.6816px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tax rate</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.342px; width: 716.15px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ariations from the theoretical rate:</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 455.321px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.654px; width: 718.904px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Income from equity inv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">estments </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 286.945px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1.4%)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(15)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(5.2%)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(80)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 171.982px; width: 718.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Dividend tax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 404.906px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.5%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">16</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2.0%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">30</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.295px; width: 718.629px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Provision (use) for current tax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 299.637px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.8%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.6991px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.5%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 224.607px; width: 718.922px; white-space: pre; word-spacing: 0px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Other permanent differences</span><span style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: 0px; width: 323.567px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">5.2%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">55</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(0.2%)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 250.92px; width: 721.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IRES, CORPORA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TION TAXES FOR THE YEAR </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 228.744px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">29.3%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">316 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21.0%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">      322 </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 500.688px; top: 302.992px; width: 167.555px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 316.148px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 459.219px; top: 329.305px; width: 262.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ax rate</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.0039px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> Value </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.8828px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ax rate</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.0039px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> Value </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 356.186px; width: 721.67px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Difference between value and cost of production</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 277.652px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,351</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.5585px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.5196px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">   1,346 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 382.498px; width: 358.518px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accrued IRAP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">, regional trade income tax, calculated on the basis </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 478.844px; top: 389.264px; width: 242.965px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3.9%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">53</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.9%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.0039px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">        52 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 395.998px; width: 144.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of the theoretical tax rate</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 422.326px; width: 716.15px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ariations from the theoretical rate:</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 455.321px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 448.654px; width: 718.834px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Delta regional IRAP rates</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 343.148px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.2%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.6991px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.3%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 474.967px; width: 718.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other permanent differences</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 319.482px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.4%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.6991px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.8%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 501.279px; width: 721.389px; white-space: pre; word-spacing: 0px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IRAP FOR THE YEAR</span><span style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: 0px; width: 370.236px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">4.5%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">62</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5.0%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.5058px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">        67 </span></span></span></span><span style=\"display:inherit;clear:left;\">An analysis of deferred tax assets and liabilities based on the nature of the significant temporary differences that gave rise </span><span style=\"display:inherit;clear:left;\">to them is provided in Note 19 'Deferred T<span class=\"_ _c\"></span>ax Liabilities/<span class=\"_ _c\"></span>Assets'.</span><span style=\"display:inherit;clear:left;\">34.2 <span class=\"_ _3f0\"> </span>T<span class=\"_ _1\"></span>axes relating to components of comprehensive income </span><span style=\"display:inherit;clear:left;position:relative;height:263.943359375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 407.484px; top: 0.0078125px; width: 231.369px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 176.83px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 19.9141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 333.141px; top: 26.3203px; width: 45.375px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Pre-tax </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 406.281px; top: 26.3203px; width: 35.4844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Fiscal </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 472.844px; top: 26.3203px; width: 45.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Net tax </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 536.578px; top: 26.3203px; width: 45.375px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Pre-tax </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 610.844px; top: 26.3203px; width: 35.4844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Fiscal </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 676.938px; top: 26.3203px; width: 45.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Net tax </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 343.75px; top: 39.8203px; width: 31.1074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">value</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 399.438px; top: 39.8203px; width: 39.0293px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">impact</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 484.359px; top: 39.8203px; width: 31.1074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">value</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 547.797px; top: 39.8203px; width: 31.1074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">value</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 603.391px; top: 39.8203px; width: 39.0293px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">impact</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 687.922px; top: 39.8203px; width: 31.1074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">value</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.7012px; width: 266.643px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Revaluation of defined benefit plan liabilities for </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 368.562px; top: 73.4668px; width: 351.064px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.0312px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 80.2012px; width: 59.1973px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">employees</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 106.529px; width: 290.461px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Investments acc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ounted for using the equity method - </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 354.938px; top: 113.295px; width: 364.652px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">130</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.871px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">130</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(50)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.0312px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(50)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 120.029px; width: 289.863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">share of other components of comprehensiv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e income</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 146.357px; width: 291.838px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity inv</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">estments accounted for at FVTOCI (\u201cfair value </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 353.641px; top: 153.123px; width: 365.648px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(44)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.086px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(44)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.0312px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.857px; width: 204.832px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">through other comprehensive inc</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ome\u201d)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 186.186px; width: 718.746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cash flow hedge \u2013 effective portion of fair value change</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.5196px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 212.514px; width: 718.98px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other components of comprehensive income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 114.656px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">113</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.621px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">108</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(45)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(48)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.826px; width: 314.625px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">CURRENT AND DEFERRED INCOME T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AXES RECOGNISED </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 424px; top: 245.576px; width: 218.848px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 134.871px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2696px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 252.326px; width: 206.607px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IN OTHER C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OMPREHENSIVE INCOME</span></span></span><span style=\"display:inherit;clear:left;\">34.3 <span class=\"_ _3f0\"> </span>Global minimum tax</span><span style=\"display:inherit;clear:left;\">As a result of the work done in connection with the year 2022, based on currently available information, an estimated </span><span style=\"display:inherit;clear:left;\">supplementary tax is expected to be insignificant<span class=\"_ _0\"></span>.</span><span style=\"display:inherit;clear:left;\">For further details, see Note 5.15 'Income taxes'.</span><span style=\"display:inherit;clear:left;\">35) <span class=\"_ _35\"> </span>EARNINGS PER SHARE</span><span style=\"display:inherit;clear:left;\">Basic earnings per share of \u20ac0.346 per share (\u20ac0.201 per share in 2022) are calculated by dividing the profit for the year </span><span style=\"display:inherit;clear:left;\">attributable to Snam shareholders (\u20ac1,135 million; \u20ac671 million in 2022) for the weighted average number of Snam </span><span style=\"display:inherit;clear:left;\">shares outstanding during the year<span class=\"_ _1\"></span>, excluding treasur<span class=\"_ _0\"></span>y shares (3,353,119,570 shares; 3,336,596,674 shares for the </span><span style=\"display:inherit;clear:left;\">financial year 2022). </span><span style=\"display:inherit;clear:left;\">Diluted earnings per share are calculated by dividing the profit for the period attributable to Snam shareholders, net </span><span style=\"display:inherit;clear:left;\">of the tax effect, by the weighted average number of shares outstanding in the period, excluding treasury shares, and </span><span style=\"display:inherit;clear:left;\">those potentially deriving from long-term share incentive plans (2021, 2022 and 2023 assignments). </span><span style=\"display:inherit;clear:left;\">The weighted average number of outstanding shares used to determine diluted earnings per share is 3,355,142,129 and </span><span style=\"display:inherit;clear:left;\">3,339,548,370 shares for the years 2023 and 2022, respectively. </span><span style=\"display:inherit;clear:left;\">35.1 <span class=\"_ _3f0\"> </span>Reconciliation of basic and diluted earnings per share</span><span style=\"display:inherit;clear:left;\">The reconciliation of the weighted average number of shares outstanding used to determine basic earnings per share and </span><span style=\"display:inherit;clear:left;\">that used to determine diluted earnings per share is shown below: </span><span style=\"display:inherit;clear:left;position:relative;height:170.083984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 590.031px; top: 0.0078125px; width: 129.322px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 719.016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Weighted average number of shares outstanding for basic earnings per share</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 123.252px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,336,596,674</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.2637px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,353,119,570</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 721.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Number of potential shares for long-term incentiv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e plans</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 254.391px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,951,696 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,022,559 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.904px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Weighted average number of shares outstanding for diluted earnings per share</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 112.23px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,339,548,370</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.2637px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,355,142,129</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Profit for the year attributable to Snam shareholders (\u20ac million)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 251.924px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">671</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,135</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">BASIC EARNINGS PER SHARE (AMOUNTS IN EURO PER SHARE)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 238.916px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.201</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.338</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.682px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">DILUTED EARNINGS PER SHARE (AMOUNTS IN EURO PER SHARE)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 223.295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.201</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.338</span></span></span><span style=\"display:inherit;clear:left;\">36) <span class=\"_ _35\"> </span>INFORMA<span class=\"_ _1\"></span>TION BY<span class=\"_ _c\"></span> BUSINESS SEGMENT </span><span style=\"display:inherit;clear:left;\">In accordance with IFRS 8 'Operating Segments', the segments identified by the Group at 31 December 2023 are as<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">follows: </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ff74 ws1\">T<span class=\"_ _c\"></span>ransportation segment<span class=\"ff7b\">, attributable to the legal entities that carry out<span class=\"_ _0\"></span>, at Group level, natural gas transportation </span></span></span><span style=\"display:inherit;clear:left;\">and dispatching activities in Italy (Snam Rete Gas, ITG and Enura<span class=\"_ _c\"></span>);</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ff74 ws1\">Storage segment<span class=\"ff7b\">, attributable to the legal entity that provides the natural gas storage service in Italy (Stogit);</span></span></span><span style=\"display:inherit;clear:left;\">42</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ff74 ws1\">Regasification segment</span></span><span style=\"display:inherit;clear:left;\">, attributable to the legal entity providing the liquefied natural gas regasification service </span><span style=\"display:inherit;clear:left;\">(LNG Italy) and the legal entities owning floating regasification plants - FSRUs (Snam FSRU Italia, FSRU I Limited; </span><span style=\"display:inherit;clear:left;\">Ravenna LNG T<span class=\"_ _1\"></span>erminal);</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ff74 ws1\">Energy T<span class=\"_ _c\"></span>ransition segment<span class=\"ff7b\"> to which the companies active in the energy efficiency business traceable to the legal </span></span></span><span style=\"display:inherit;clear:left;\">entities of the Renovit group and in the biogas/biomethane business traceable to the legal entities of the Bioenerys </span><span style=\"display:inherit;clear:left;\">group belong, as well as the activities in the start<span class=\"_ _c\"></span>-up phase in the hydrogen sector<span class=\"_ _1\"></span>. The Energy Transition sector<span class=\"_ _1\"></span>, due </span><span style=\"display:inherit;clear:left;\">to exceeding the materiality thresholds of IFRS 8, which was also confirmed during the Plan period, constitutes an </span><span style=\"display:inherit;clear:left;\">operating segment subject to separate reporting as of 2022.</span><span style=\"display:inherit;clear:left;\">The 'Other segments', not subject to separate reporting, mainly include the sustainable mobility business, an activity<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">that is being repositioned within the Gas Infrastructures business insofar as it is no longer focused solely on the </span><span style=\"display:inherit;clear:left;\">automotive sector<span class=\"_ _1\"></span>, but is oriented towards the construction of mid-stream infrastructures dedicated to heav<span class=\"_ _0\"></span>y transport, </span><span style=\"display:inherit;clear:left;\">shipping and railways. </span><span style=\"display:inherit;clear:left;\">The other unallocated amounts mainly refer to head office activities of Snam corporate and captive insurance company </span><span style=\"display:inherit;clear:left;\">activities.</span><span style=\"display:inherit;clear:left;\">In order to assess the performance of the operating segments, Snam's Management mainly analyses adjusted EBITDA<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">(net of any non-recurring costs or revenues arising from events or transactions that are not representative of normal </span><span style=\"display:inherit;clear:left;\">business activity) and adjusted EBIT<span class=\"_ _1\"></span>, for which a reconciliation with the related reported values is provided.</span><span style=\"display:inherit;clear:left;\">In addition to the above measures, the Management Board periodically analyses the revenues and investments for each </span><span style=\"display:inherit;clear:left;\">business.</span><span style=\"display:inherit;clear:left;\">In order to allow for a better reconciliation with data represented for management purposes, the representation of </span><span style=\"display:inherit;clear:left;\">revenues has been changed, differentiating 'Regulated revenues', regarding services subject to regulation by the </span><span style=\"display:inherit;clear:left;\">Authority ARER<span class=\"_ _0\"></span>A, from 'Other revenues' and 'Other income<span class=\"_ _c\"></span>' not subject to such regulation, instead of the distinction </span><span style=\"display:inherit;clear:left;\">made between 'Revenues from ordinary operations' and 'Other revenues and income'.<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">42 <span class=\"_ _94\"> </span>Sector subject to separate reporting as a business subject to specific regulation, even if the materiality thresholds of IFRS 8 are not exceeded.</span><span style=\"display:inherit;clear:left;position:relative;height:1023.458984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 291.469px; top: 0.0078125px; width: 116.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Reporting segments</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 620.891px; top: 26.3359px; width: 47.9824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rec</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">onci-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 552.156px; top: 39.8359px; width: 52.7695px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amounts </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 617.891px; top: 39.8359px; width: 55.1543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liation of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.6797px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 219.734px; top: 53.3203px; width: 49.9043px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ranspor</span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">-</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 364.984px; top: 53.3359px; width: 42.1465px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regasi-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 436.391px; top: 53.3359px; width: 40.1074px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 583.422px; top: 53.3359px; width: 21.8438px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">not </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 620.891px; top: 53.3359px; width: 52.7051px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">adjusted </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 293.328px; top: 60.0859px; width: 48.3164px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Storage </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 508.172px; top: 60.1016px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 238.859px; top: 66.8203px; width: 34.3945px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tation </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 362.469px; top: 66.8359px; width: 47.1973px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">fication </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 420.406px; top: 66.8359px; width: 56.127px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransition</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 550.375px; top: 66.8359px; width: 53.7012px; white-space: pre; word-spacing: 0.264px; letter-spacing: -0.264px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">allocat</span><span style=\"word-spacing: 0.264px; letter-spacing: -0.264px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ed</span><span style=\"word-spacing: 0.264px; letter-spacing: -0.264px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 633.375px; top: 66.8359px; width: 39.8086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">values </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 690.266px; top: 66.8359px; width: 27.6797px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0.36px; letter-spacing: -0.36px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 286.859px; top: 73.5859px; width: 53.7539px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Segment </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 486.781px; top: 73.6016px; width: 55.2363px; white-space: pre; word-spacing: 0.036px; letter-spacing: -0.036px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">segments</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 222.594px; top: 80.3203px; width: 49.957px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Segment</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 354.984px; top: 80.3359px; width: 53.7539px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Segment </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 425.688px; top: 80.3359px; width: 47.5137px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Segment</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 590.031px; top: 80.3359px; width: 14.9414px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">to</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 644.359px; top: 80.3359px; width: 28.1543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">with </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 550.375px; top: 93.8359px; width: 50.3438px; white-space: pre; word-spacing: 0.648px; letter-spacing: -0.648px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">segments</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 619.531px; top: 93.8359px; width: 54.1348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">reported </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 633.375px; top: 107.336px; width: 36.9258px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">values</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 133.373px; width: 125.139px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FINANCIAL YEAR 2022</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 157.998px; width: 718.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regulated revenues </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.795px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,162</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">515</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">42</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 282.621px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,719</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 182.623px; width: 719.045px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other non-regulated revenues</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 97.7227px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">94</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 115.336px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">693</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.9142px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">831</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 207.248px; width: 718.635px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">to deduct: intersector revenues </span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 90.9259px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(48)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 185.414px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 159.105px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(54)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 231.873px; width: 718.98px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal revenues from third parties</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,208</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">516</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">42</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">693</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,496</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 256.498px; width: 719.139px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other operating income</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 130.975px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 120.574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">28</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 281.107px; width: 192.041px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">to deduct: other intersector operating </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 256.703px; top: 287.873px; width: 463.266px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 366.662px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(9)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 294.607px; width: 36.3867px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 319.232px; width: 183.217px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: -0.48px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal revenues and other operating</span><span style=\"word-spacing: 0px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 240.391px; top: 325.998px; width: 479.379px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,218</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">516</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">46</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">695</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.6991px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,515</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 332.732px; width: 130.348px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income from third parties</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 357.357px; width: 718.992px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">EBITDA</span><span style=\"word-spacing: 0.24px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 199.078px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.80078px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,795</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">425</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">29</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(19)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(17)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(19)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,218</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 381.982px; width: 142.312px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation, amortization </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 241.719px; top: 388.748px; width: 476.777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(703)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(120)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(11)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(28)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(17)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.2578px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(890)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 395.482px; width: 116.965px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and impairment losses</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 420.107px; width: 719.039px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">EBIT</span><span style=\"word-spacing: 0.24px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 215.613px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.80078px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,092</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">305</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">18</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(21)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(26)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(36)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,328</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 444.732px; width: 182.209px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Investments in Property, plant and </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 240.391px; top: 451.498px; width: 478.652px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,007</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">172</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">55</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">98</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,355</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 458.232px; width: 169.395px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">equipment and intangible assets</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 482.857px; width: 186.305px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">to deduct: Investments in Property, </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 496.357px; width: 190.529px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">plant and equipment and intangible </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 459.219px; top: 496.357px; width: 258.68px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 229.922px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 509.857px; width: 98.6777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">assets - infrasector</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 534.482px; width: 203.186px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal investments in Property, plant </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 240.391px; top: 541.232px; width: 478.74px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,007</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">172</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">55</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">94</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,351</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 547.982px; width: 204.498px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and equipment and intangible assets</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 572.607px; width: 120.58px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FINANCIAL YEAR 2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 597.232px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regulated revenues </span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 133.119px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,474</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">553</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">77</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 282.621px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,104</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 621.857px; width: 718.986px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other non-regulated revenues</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 90.9259px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">231</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 105.727px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,092</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">42</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.902px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,367</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 646.482px; width: 718.939px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">to deduct: intersector revenues </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 76.377px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(225)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 352.535px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(227)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 671.107px; width: 719.256px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal revenues from third parties</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.4531px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,480</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">553</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">77</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,092</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">42</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,244</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 695.732px; width: 719.139px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other operating income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.082px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 120.574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">55</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 720.357px; width: 201.398px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">to deduct: other intersector operating </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 256.703px; top: 727.107px; width: 462.961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(8)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 359.59px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(11)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 733.857px; width: 37.8281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 758.482px; width: 199.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal revenues and other operating </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 240.391px; top: 765.232px; width: 478.805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,499</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">556</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">78</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,105</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">42</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,288</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 771.982px; width: 142.348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income from third parties</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 796.592px; width: 718.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">EBITDA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.508px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,873</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">477</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">35</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">60</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(24)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(20)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,397</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 821.217px; width: 148.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation, amortization </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 241.719px; top: 827.982px; width: 475.846px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(726)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(125)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(28)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(51)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(186)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 13.9746px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(1,126)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 834.717px; width: 122.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and impairment losses</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 859.342px; width: 670.16px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which: Write-do</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">wns</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.15px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.022px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(7)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 167.42px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(186)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 883.967px; width: 718.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">EBIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 214.647px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,147</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">352</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(33)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(206)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,271</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 908.592px; width: 183.375px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Investments in Property, plant and </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 240.391px; top: 915.357px; width: 478.289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,139</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">225</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">256</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">131</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,778</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 922.092px; width: 169.852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">equipment and intangible assets</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 946.717px; width: 186.305px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">to deduct: Investments in Property, </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 960.217px; width: 190.529px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">plant and equipment and intangible </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 460.438px; top: 960.217px; width: 258.68px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 229.922px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 973.717px; width: 98.6777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">assets - infrasector</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 998.342px; width: 203.186px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal investments in Property, plant </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 240.391px; top: 1005.09px; width: 479.355px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,139</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">225</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">256</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">127</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,774</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 1011.84px; width: 204.498px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and equipment and intangible assets</span></span></span><span style=\"display:inherit;clear:left;\">37) <span class=\"_ _35\"> </span>TRANSACTIONS WITH RELA<span class=\"_ _1\"></span>TED P<span class=\"_ _11\"></span>ARTIES </span><span style=\"display:inherit;clear:left;\">From 1 August 2019, CDP S.p.A<span class=\"_ _0\"></span>. reclassified its equity investment in Snam, already classified as de facto control </span><span style=\"display:inherit;clear:left;\">pursuant to international accounting standard IFRS 10 \u2013 Consolidated financial statements from 2014, as de facto </span><span style=\"display:inherit;clear:left;\">control pursuant to Article 2359, paragraph 1 of the Italian Civil Code and Article 93 of the TUF<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">Given the existence of de facto control by CDP S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. over Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>, the related parties of Snam, based on the current </span><span style=\"display:inherit;clear:left;\">group ownership structure, are represented not only by Snam's subsidiaries, associates and companies under joint </span><span style=\"display:inherit;clear:left;\">control, but also by the parent company CDP S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. and its subsidiaries, including joint ventures, and associates, as well </span><span style=\"display:inherit;clear:left;\">as by the subsidiaries, including joint ventures, and associates of the Ministry of the Economy and Finance (MEF) and, in </span><span style=\"display:inherit;clear:left;\">any case, any additional related parties within the meaning of IAS 24 in effect from time to time. In addition, members </span><span style=\"display:inherit;clear:left;\">of the Board of Directors, Statutory Auditors and executives with strategic responsibilities, their family members and </span><span style=\"display:inherit;clear:left;\">entities controlled by them, including jointly by Snam, CDP and CDP Reti, are also considered related parties.</span><span style=\"display:inherit;clear:left;\">As explained in detail below, transactions with related parties mainly concern the exchange of goods and the provision<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">of infrastructure services in the gas sector, whose rules are established by the Regulatory Authority for Electricity, </span><span style=\"display:inherit;clear:left;\">Gas and the Water S<span class=\"_ _c\"></span>ystem (ARER<span class=\"_ _0\"></span>A).  In particular<span class=\"_ _c\"></span>, ARERA sets the rates for the use of infrastructures and, through the </span><span style=\"display:inherit;clear:left;\">Network Code, guarantees maximum impartiality and equal access to Users. </span><span style=\"display:inherit;clear:left;\">Snam\u2019s related party transactions are part of ordinary business operations and are generally settled at market </span><span style=\"display:inherit;clear:left;\">conditions, i.e. the conditions which would be applied for two independent parties. All the transactions carried out were </span><span style=\"display:inherit;clear:left;\">in the interest of the companies of the Snam Group.</span><span style=\"display:inherit;clear:left;\">Pursuant to the provisions of the relevant legislation, the company has adopted internal guidelines to ensure that </span><span style=\"display:inherit;clear:left;\">transactions carried out by Snam or its subsidiaries with related parties are transparent and correct in their substance </span><span style=\"display:inherit;clear:left;\">and procedure.  </span><span style=\"display:inherit;clear:left;\">Directors and statutory auditors declare potential interests that they have in relation to the Company and the Group </span><span style=\"display:inherit;clear:left;\">every six months, and/or when changes in said interests occur; they also inform the Chief Executive Officer (or the Chair<span class=\"_ _c\"></span>, </span><span style=\"display:inherit;clear:left;\">in the case of the Chief Executive Officer interests), who in turn informs the other directors and the Board of Statutory </span><span style=\"display:inherit;clear:left;\">Auditors, of individual transactions that the Company intends to carry out and in which they have an interest.</span><span style=\"display:inherit;clear:left;\">Snam is not subject to management and coordination activities. Snam carries out management and coordination </span><span style=\"display:inherit;clear:left;\">activities, pursuant to Article 2497 and following of the Italian Civil Code, with respect to directly and indirectly </span><span style=\"display:inherit;clear:left;\">controlled companies. </span><span style=\"display:inherit;clear:left;\">Pursuant to the disclosure requirements set forth in Consob Regulation no. 17221 of 12 March 2010, with reference </span><span style=\"display:inherit;clear:left;\">to transactions between related parties that fall within the \"Cases of Exclusion<span class=\"_ _c\"></span>\" referred to in Article 13, paragraph </span><span style=\"display:inherit;clear:left;\">3, letter c) of the RPT Regulation and paragraph 3.2, item 8) of the RPT Guideline, no information on related party </span><span style=\"display:inherit;clear:left;\">transactions is reported.</span><span style=\"display:inherit;clear:left;\">The following table shows the balances of transactions of a commercial and other financial nature with related </span><span style=\"display:inherit;clear:left;\">parties, as defined above, for the current year and the previous year of comparison. The nature of the most significant </span><span style=\"display:inherit;clear:left;\">transactions is also indicated.</span><span style=\"display:inherit;clear:left;\">37.1 <span class=\"_ _3f0\"> </span>Commercial and other relations </span><span style=\"display:inherit;clear:left;\">Commercial and other relations are analysed in the table below: </span><span style=\"display:inherit;clear:left;position:relative;height:980.58984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 253.25px; top: 0.0078125px; width: 327.486px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 239.783px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.3203px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 448.422px; top: 26.3516px; width: 225.229px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rev</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">enues (a</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.865px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Costs (b)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 245.703px; top: 32.7422px; width: 34.2363px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 357.938px; top: 32.7578px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 171.844px; top: 39.4922px; width: 58.418px; white-space: pre; word-spacing: 0.84px; letter-spacing: -0.84px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rec</span><span style=\"word-spacing: 0.84px; letter-spacing: -0.84px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eivables</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 286.859px; top: 39.5078px; width: 46.1367px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Pa</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yables</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 244.25px; top: 46.2422px; width: 32.8359px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">assets</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 344.359px; top: 46.2578px; width: 46.8984px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 413.578px; top: 52.6641px; width: 305.355px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Goods</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.6973px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Ser</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vices</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 15.2051px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 21.9023px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span></span><span style=\"display: inline-block;\">Goods</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.6973px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Ser</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vices</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 15.6973px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">Other</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5449px; width: 167.654px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Snam Gas &amp; Energy Ser</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vicies  </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 223.797px; top: 86.3105px; width: 451.447px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 269.074px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 153.738px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0449px; width: 53.6426px; white-space: pre; word-spacing: 5.736px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 8.51367px; display: inline-block;\"> </span>(Beijing)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.373px; width: 335.461px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Snam Middle East BV</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.879px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.686px; width: 160.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal subsidiaries accounted </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 223.797px; top: 152.451px; width: 451.699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 166.57px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 154.131px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.186px; width: 155.812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for using the equity method</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 185.514px; width: 122.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">DESFA - Hellenic Gas </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 199.014px; width: 164.062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.00392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Transmission Syst</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">em  </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 223.797px; top: 199.014px; width: 495.51px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 151.969px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 107.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 193.102px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 212.514px; width: 82.2363px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.49022px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Operator S.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.842px; width: 143.051px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Trans Austria Gaisletung </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 223.797px; top: 245.592px; width: 285.012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.412px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 252.342px; width: 75.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.00392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">GMBH (T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AG)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 278.67px; width: 150.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Trans Adriatic Pipeline A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">G </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 223.797px; top: 285.42px; width: 285.51px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 292.17px; width: 36.1582px; white-space: pre; word-spacing: 6px; letter-spacing: -0.768px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 8.00977px; display: inline-block;\"> </span>(</span><span style=\"word-spacing: 6px; letter-spacing: -0.768px; display: inline-block; margin-left: 0px; width: 0.884767px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TA</span><span style=\"word-spacing: 6px; letter-spacing: -0.768px; display: inline-block; margin-left: 0px; width: 0.884767px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">P</span><span style=\"word-spacing: 6px; letter-spacing: -0.768px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 318.498px; width: 719.238px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 180.053px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.412px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 195.978px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 344.811px; width: 128.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal companies under </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 358.311px; width: 157.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">joint control and associated </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 217.062px; top: 358.311px; width: 502.307px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.051px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 195.539px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 371.811px; width: 59.4492px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">companies</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 398.123px; width: 719.584px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Snam Foundation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.539px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 482.43px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 424.436px; width: 332.291px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Cassa Depositi e Prestiti</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 173.285px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">116</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 450.764px; width: 332.824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal parent company</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 191.291px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">116</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 477.076px; width: 555.539px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 180.053px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 216.24px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 503.389px; width: 114.328px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal subsidiaries of </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 223.797px; top: 510.139px; width: 332.332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 217.014px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 516.889px; width: 138.398px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">the parent company CDP</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 543.217px; width: 672.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Saipem Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 236.145px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">30</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 326.695px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">42</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 569.529px; width: 613.189px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 281.772px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 273.803px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 595.842px; width: 128.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal companies under </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 609.342px; width: 148.371px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">joint control of the parent </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 320.094px; top: 609.342px; width: 353.947px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 273.803px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">42</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 622.842px; width: 76.6699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">company CDP</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 649.17px; width: 110.977px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Gestore dei ser</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vizi </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 210.188px; top: 655.92px; width: 299.045px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">313</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 662.67px; width: 112.816px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.00392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">energetici S.p.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. (c)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 688.998px; width: 277.154px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Anas Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 154.131px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1482px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 715.311px; width: 672.656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Enel Group (d) (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">241</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">62</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 155.672px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">536</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1482px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 741.623px; width: 719.273px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Eni Group (d) (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">420</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">278</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,153</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.9591px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">158</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">71</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 767.936px; width: 672.844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Invitalia Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 233.361px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 326.695px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 794.264px; width: 508.711px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 180.053px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.412px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 820.576px; width: 118.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal state-owned or </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 210.188px; top: 827.326px; width: 509.426px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">978</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">375</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.172px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,700</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">158</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">96</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 834.076px; width: 157.072px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">state-controlled enterprises</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 860.404px; width: 105.34px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TRADE BAL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ANCES </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 210.188px; top: 867.154px; width: 509.121px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">995</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">538</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,708</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1482px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">160</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">140</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 873.904px; width: 134.285px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">WITH RELA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TED P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ARTIES</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 904.098px; width: 222.785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(a) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.0371px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Gross of tariff components that are offset in costs.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 915.348px; width: 289.295px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(b) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.0371px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">They include costs for goods and services for inv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">estment purposes.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 926.598px; width: 500.947px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(c) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.61134px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Costs for the purchase of goods do not include gas purchases made pursuant to ARERA resolution no. 274/2022/R</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">/Gas.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 937.848px; width: 159.117px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(d) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.0371px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Including balancing asset balances.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 949.098px; width: 702.275px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.61134px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Commercial relations with the Eni Group and the Enel Group mainly concern regulated services for natural gas transportation, regasification and storage. Snam provides </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 16.4844px; top: 960.348px; width: 669.082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">these services on the basis of the rules established by ARERA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">, the energy regulator</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. In particular</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">, ARERA establishes the tariffs for the use of the infrastructures and </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 16.4844px; top: 971.598px; width: 549.621px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">guarantees, also through the Reference Codes (Network, St</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">orage and Regasification), maximum impartiality and equal access to Users. </span></span></span><span style=\"display:inherit;clear:left;position:relative;height:979.90234375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 254.703px; top: 0.0078125px; width: 327.486px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 239.783px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.3203px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 447.469px; top: 26.3359px; width: 225.229px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rev</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">enues (a</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.865px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Costs (b)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 246.656px; top: 32.7422px; width: 34.2363px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 359.281px; top: 32.7578px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 172.828px; top: 39.4766px; width: 57.0996px; white-space: pre; word-spacing: 0.96px; letter-spacing: -0.96px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rec</span><span style=\"word-spacing: 0.96px; letter-spacing: -0.96px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eivables</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 286.219px; top: 39.4922px; width: 46.1367px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Pa</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yables</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 244.828px; top: 46.2422px; width: 32.8359px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">assets</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 344.938px; top: 46.2578px; width: 46.8984px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 414.609px; top: 52.6641px; width: 305.355px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Goods</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.6973px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Ser</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vices</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 15.2051px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 21.9023px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span></span><span style=\"display: inline-block;\">Goods</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.6973px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Ser</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vices</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 15.6973px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">Other</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 79.5449px; width: 675.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 622.114px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 105.857px; width: 160.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal subsidiaries accounted </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 666.734px; top: 112.607px; width: 9.61523px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.357px; width: 155.812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for using the equity method</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 145.686px; width: 719.467px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Interconnector UK</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.139px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 264.738px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 195.978px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 171.998px; width: 143.051px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Trans Austria Gaisletung </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 217.266px; top: 178.764px; width: 291.779px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.412px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 185.498px; width: 75.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.00392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">GMBH (T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AG)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 211.826px; width: 150.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Trans Adriatic Pipeline A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">G </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 217.266px; top: 218.592px; width: 291.779px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">12</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.412px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 225.326px; width: 35.748px; white-space: pre; word-spacing: 6px; letter-spacing: -0.768px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 8.00977px; display: inline-block;\"> </span>(</span><span style=\"word-spacing: 6px; letter-spacing: -0.768px; display: inline-block; margin-left: 0px; width: 0.884767px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TA</span><span style=\"word-spacing: 6px; letter-spacing: -0.768px; display: inline-block; margin-left: 0px; width: 0.884767px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">P)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 251.654px; width: 719.227px; white-space: pre; word-spacing: 1.644px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 1.644px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.92px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 4.41797px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 195.539px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 277.982px; width: 128.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal companies under </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 291.482px; width: 157.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">joint control and associated </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 217.266px; top: 291.482px; width: 502.916px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">35</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">26</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.846px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 195.539px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 304.982px; width: 59.4492px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">companies</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 331.295px; width: 719.596px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Snam Foundation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 615.803px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 357.607px; width: 332.291px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Cassa Depositi e Prestiti</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 173.285px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">119</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 383.92px; width: 332.824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal parent company</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 191.291px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">119</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 410.232px; width: 332.32px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Sace Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 257.742px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 436.561px; width: 555.539px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 180.053px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 216.24px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 462.873px; width: 135.973px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal subsidiaries of the </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 225.344px; top: 469.623px; width: 332.332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 217.014px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 476.373px; width: 116.754px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">parent company CDP</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 502.701px; width: 672.955px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Saipem Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 236.145px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">89</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 320.303px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">192</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 529.014px; width: 673.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Valvitalia Finanziaria S.p.A.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 455.741px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 555.326px; width: 128.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal companies under </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 568.826px; width: 148.371px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">joint control of the parent </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 319.5px; top: 568.826px; width: 354.041px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">89</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 273.803px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">193</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 582.326px; width: 76.6699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">company CDP</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 608.654px; width: 142.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">-  </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">HRA Group - Autostrade </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 225.344px; top: 615.404px; width: 6.77344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 622.154px; width: 112.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.00392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">per l'Italia S.p.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. (c)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 648.482px; width: 161.654px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">-  </span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Gestore dei servizi energetici</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 217.266px; top: 655.232px; width: 292.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">37</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">32</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">29</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 661.982px; width: 37.2363px; white-space: pre; word-spacing: 5.472px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 8.00977px; display: inline-block;\"> </span>S.p.A</span><span style=\"word-spacing: 5.472px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 688.311px; width: 719.537px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Anas Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 201.058px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.621px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 380.209px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 714.623px; width: 508.91px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Enel Group (d) (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">218</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 155.672px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">779</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 740.936px; width: 719.52px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Eni Group (d) (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">364</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">304</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 102.797px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.5195px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,274</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.9591px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">139</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">88</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1482px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 767.248px; width: 672.844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Invitalia Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 233.361px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 326.695px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">32</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 793.561px; width: 719.742px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 180.053px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.688px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 203.613px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 819.889px; width: 118.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal state-owned or </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 211.188px; top: 826.639px; width: 509.197px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">623</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">376</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.172px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,084</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.4727px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">139</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">120</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 833.389px; width: 157.072px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">state-controlled enterprises</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 859.717px; width: 105.34px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TRADE BAL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ANCES </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 211.188px; top: 866.467px; width: 511.916px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">659</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">619</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,105</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1482px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">144</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">314</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 873.217px; width: 134.285px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">WITH RELA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TED P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ARTIES</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 903.41px; width: 222.785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(a) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.0371px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Gross of tariff components that are offset in costs.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 914.66px; width: 289.295px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(b) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.0371px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">They include costs for goods and services for inv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">estment purposes.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 925.91px; width: 500.947px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(c) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.61134px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Costs for the purchase of goods do not include gas purchases made pursuant to ARERA resolution no. 274/2022/R</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">/Gas.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 937.16px; width: 159.117px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(d) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.0371px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Including balancing asset balances.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 948.41px; width: 702.275px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.61134px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Commercial relations with the Eni Group and the Enel Group mainly concern regulated services for natural gas transportation, regasification and storage. Snam provides </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 17.0781px; top: 959.66px; width: 665.068px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">these services on the basis of the rules established by ARERA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">, the energy regulator</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. In particular</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">, ARERA establishes the tariffs for the use of the infrastructure and </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 17.0781px; top: 970.91px; width: 549.621px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">guarantees, also through the Reference Codes (Network, St</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">orage and Regasification), maximum impartiality and equal access to Users. </span></span></span><span style=\"display:inherit;clear:left;\">37.1.1 <span class=\"_ _2\"></span>Companies under joint control and associated companies </span><span style=\"display:inherit;clear:left;\">The most significant trade relations with companies under joint control and associated companies mainly concern: (i) </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>AG and T<span class=\"_ _1\"></span>AP in relation to the sale and purchase of gas in the context of balancing activities; (ii) ser<span class=\"_ _0\"></span>vice and consulting </span><span style=\"display:inherit;clear:left;\">revenues from Interconnector Limited. </span><span style=\"display:inherit;clear:left;\">37.1.2 <span class=\"_ _2\"></span>Parent company</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>rade relations with the parent company Cassa Depositi e Prestiti relate to the interim dividend payable of \u20ac119 million, </span><span style=\"display:inherit;clear:left;\">which was resolved on 8 November 2023 by the Board of Directors and payable as of 24 January 2024, with ex-dividend </span><span style=\"display:inherit;clear:left;\">date on 22 January 2024 and record date on 23 Januar<span class=\"_ _0\"></span>y 2024. </span><span style=\"display:inherit;clear:left;\">37.1.3 <span class=\"_ _2\"></span>Companies under joint control of the parent company Cassa Depositi e Prestiti</span><span style=\"display:inherit;clear:left;\">The most significant commercial transactions with companies under the joint control of Cassa Depositi e Prestiti is the </span><span style=\"display:inherit;clear:left;\">provision by Saipem of design and works supervision ser<span class=\"_ _0\"></span>vices for the construction of natural gas transportation, storage </span><span style=\"display:inherit;clear:left;\">infrastructures and regasification new plants, governed by contracts entered into on normal market terms. </span><span style=\"display:inherit;clear:left;\">37.1.4 <span class=\"_ _2\"></span>State-owned or state-controlled enterprises </span><span style=\"display:inherit;clear:left;\">The most significant business relations with state-owned or state-controlled enterprises refer to:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the provision of natural gas transportation, regasification and storage ser<span class=\"_ _0\"></span>vices to the Eni Group and the Enel Group; </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the purchase from the Eni Group of electricity used to carr<span class=\"_ _0\"></span>y out activities;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>debts to Eni connected to the Carbon Capture Storage (CCS) development project, relating to the capture and storage </span><span style=\"display:inherit;clear:left;\">of CO</span><span style=\"display:inherit;clear:left;\">. </span><span style=\"display:inherit;clear:left;\">2</span><span style=\"display:inherit;clear:left;\">37.2 <span class=\"_ _3f0\"> </span>Financial relations </span><span style=\"display:inherit;clear:left;position:relative;height:913.958984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 427.953px; top: 0.0078125px; width: 241.441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 153.738px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.6797px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 513.141px; top: 27.4922px; width: 62.9414px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Guarantees </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 344.938px; top: 40.9922px; width: 138.48px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rec</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eivables</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 25.9863px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Payables</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 552.266px; top: 40.9922px; width: 22.4414px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 600.938px; top: 40.9922px; width: 118.225px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.834px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Income</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 501.156px; top: 54.4922px; width: 71.7363px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">commitments</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 81.373px; width: 406.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- East Mediterranean Gas Compan</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y S.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.E. (EMG)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.463px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 108.857px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- OL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.5969px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T Offshore LNG T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">oscana S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 201.058px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">102</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 299.227px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 136.326px; width: 574.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Societ\u00e0 Agricola ASSORO BIOMET</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ANO S.r</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.l.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 317.76px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 162.654px; width: 574.986px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rans Adriatic Pipeline AG (T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AP)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 364.008px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,129 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 188.967px; width: 574.863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rans Austria Gasleitung Gmbh (T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AG)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 352.535px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">89 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 215.279px; width: 285.867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal companies under joint control and associated </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 386.328px; top: 222.029px; width: 332.824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">108</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 135.264px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,230 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 130.195px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 228.779px; width: 59.4492px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">companies</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 255.107px; width: 482.947px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Arbolia S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. Societ\u00e0 Benefit</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 311.121px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 281.42px; width: 482.666px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal non-consolidated subsidiaries</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 279.317px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 307.748px; width: 575.051px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">CDP Corporate P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">artners</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 434.835px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 334.061px; width: 312.926px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal subsidiaries of the parent company Cassa Depositi </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 565.938px; top: 340.811px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">8</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 347.561px; width: 50.9531px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">e Prestiti</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 373.889px; width: 655.383px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Cassa Depositi e Prestiti Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 225.768px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">200</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 165.791px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 400.201px; width: 655.553px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal parent company</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 278.549px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">200</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 165.791px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 426.514px; width: 301.682px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">BALANCES OF FINANCIAL REL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TIONS WITH RELA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TED </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 386.328px; top: 433.279px; width: 333.199px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">109</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">201</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,238 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.2772px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 440.014px; width: 46.834px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ARTIES</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 427.953px; top: 492.086px; width: 241.441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 153.738px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 518.758px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 513.141px; top: 518.414px; width: 62.9414px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Guarantees </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 344.938px; top: 531.914px; width: 138.48px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rec</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eivables</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 25.9863px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Payables</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 552.266px; top: 531.914px; width: 22.4414px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 600.938px; top: 531.914px; width: 118.225px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.834px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Income</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 501.156px; top: 545.414px; width: 71.7363px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">commitments</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 572.295px; width: 574.986px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rans Adriatic Pipeline AG (T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AP)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 364.008px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,129 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 598.607px; width: 406.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- East Mediterranean Gas Compan</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y S.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.E. (EMG)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.463px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 624.92px; width: 719.051px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- OL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.5969px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T Offshore LNG T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">oscana S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.113px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">82</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 305.783px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 651.248px; width: 406.207px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 355.365px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 677.561px; width: 285.867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal companies under joint control and associated </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 392.641px; top: 684.311px; width: 16.4297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">90 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 542.109px; top: 684.357px; width: 179.883px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,129 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">   </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.3846px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 691.061px; width: 59.4492px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">companies</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 717.436px; width: 485.707px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 432.094px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 743.748px; width: 485.461px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal non-consolidated subsidiaries</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 279.317px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 770.061px; width: 574.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- CDP Corporate P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">artners</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 421.455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 796.373px; width: 312.926px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal subsidiaries of the parent company Cassa Depositi </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 559.516px; top: 803.139px; width: 16.4297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">12 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 809.873px; width: 50.9531px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">e Prestiti</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 836.201px; width: 655.465px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Cassa Depositi e Prestiti Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 225.768px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">503</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 159.105px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">18</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 862.514px; width: 654.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal parent company</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 278.549px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">503</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 158.256px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">18</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 888.842px; width: 301.682px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">BALANCES OF FINANCIAL REL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TIONS WITH RELA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TED </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 392.641px; top: 895.592px; width: 328.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">93 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">504 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,141 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.5918px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">18 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 902.342px; width: 46.834px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ARTIES</span></span></span><span style=\"display:inherit;clear:left;\">37.2.1 <span class=\"_ _10\"> </span>Companies under joint control and associated companies</span><span style=\"display:inherit;clear:left;\">Financial transactions with joint ventures and associates include:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the so-called 'Debt Payment Undertaking' guarantee in favour of T<span class=\"_ _1\"></span>AP<span class=\"_ _1\"></span>, i.e. a mechanism to support the repayment of </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>AP's outstanding financial debt that would be activated, unlike the first-demand guarantee, upon the occurrence of </span><span style=\"display:inherit;clear:left;\">43</span><span style=\"display:inherit;clear:left;\">specific and determined conditions linked to exceptional events of an extraordinary nature</span><span style=\"display:inherit;clear:left;\">;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the long-term financial receivable in favour of OL<span class=\"_ _1\"></span>T and the related interest income. </span><span style=\"display:inherit;clear:left;\">37.2.2 <span class=\"_ _d\"> </span>Parent company</span><span style=\"display:inherit;clear:left;\">Financial relations with Cassa Depositi e Prestiti essentially concern two loans granted by the parent company to Snam </span><span style=\"display:inherit;clear:left;\">S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.</span><span style=\"display:inherit;clear:left;\">37.3 <span class=\"_ _3f0\"> </span>Impact of transactions or positions with related parties on the financial position and </span><span style=\"display:inherit;clear:left;\">performance and cash flows</span><span style=\"display:inherit;clear:left;\">The impact of transactions or positions with related parties on the statement of financial position and income statement is </span><span style=\"display:inherit;clear:left;\">shown in the following summary table: </span><span style=\"display:inherit;clear:left;position:relative;height:236.255859375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 352.188px; top: 0.0078125px; width: 289.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 168.926px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 19.9141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 368.031px; top: 26.3359px; width: 47.9062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Related </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 597.906px; top: 26.3359px; width: 47.9062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Related </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 307.078px; top: 33.0703px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 435.266px; top: 33.0859px; width: 130.078px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impact %</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 665.75px; top: 33.1016px; width: 53.2441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impact %</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 368.031px; top: 39.8359px; width: 44.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Entities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 597.906px; top: 39.8359px; width: 44.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Entities</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.7324px; width: 172.564px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Statement of financial position</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0605px; width: 718.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other non-current financial assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 130.975px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">172</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">109</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">63.4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">161</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">93</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">57.8</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.373px; width: 718.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade and other receivables </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 152.379px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,624</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">995</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21.5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,505</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">659</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14.6</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.686px; width: 718.875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other current and non-current assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.971px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">314</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">503</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 171.998px; width: 718.652px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other current and non-current liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.992px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,370</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8534px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,924</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8534px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.311px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current and non-current financial liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.5918px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13,680</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">201</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8534px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">16,652</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">504</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8534px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.0</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 224.639px; width: 718.998px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade payables and other payables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 117.978px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8,129</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">538</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6.6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6,466</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">619</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9.6</span></span></span><span style=\"display:inherit;clear:left;\">L<span class=\"_ _11\"></span>\u2019incidenza delle operazioni con parti correlate sul conto economico \u00e8 indicata nella seguente tabella riepilogativa: </span><span style=\"display:inherit;clear:left;position:relative;height:302.396484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 369.328px; top: 0.0078125px; width: 256.729px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 202.19px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 19.9141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 368.031px; top: 26.3359px; width: 47.9062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Related </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 597.906px; top: 26.3516px; width: 47.9062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Related </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 307.078px; top: 33.0859px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 435.266px; top: 33.0859px; width: 130.078px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impact %</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 665.75px; top: 33.1016px; width: 53.2441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impact %</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 368.031px; top: 39.8359px; width: 44.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Entities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 597.906px; top: 39.8516px; width: 44.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Entities</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.748px; width: 127.236px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Profit and loss account</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0605px; width: 718.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Revenues </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 250.318px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,496</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,721</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">49.2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,244</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,129</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">50.2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.373px; width: 718.986px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other operating income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 191.742px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10.5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">44</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2.3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.686px; width: 197.443px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Costs for purchase of raw mat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">erials, </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 315.203px; top: 152.451px; width: 403.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">655</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">160</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24.4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,137</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">142</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12.5</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.186px; width: 176.414px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">consumables and finished goods</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 185.514px; width: 718.799px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Costs for services</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 220.418px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">246</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">56</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">22.8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">287</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">142</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">49.5</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.842px; width: 642.141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ersonnel costs</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 230.42px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">237</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 133.119px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">248</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(5)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.154px; width: 718.863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other operating costs and expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.467px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">159</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">219</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.4</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 264.467px; width: 718.658px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 232.635px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">37</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">45.9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">93</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8534px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8.6</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.779px; width: 718.869px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 214.647px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">177</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8534px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">314</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">18</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5.7</span></span></span><span style=\"display:inherit;clear:left;\">43 <span class=\"_ _94\"> </span>For further information, please refer to Note 26.1.1 \u201cGuarantee provided on behalf of the associate T<span class=\"_ _1\"></span>AP<span class=\"_ _0\"></span>\u201d.</span><span style=\"display:inherit;clear:left;\">Related party transactions are generally settled on an arm's length basis, i.e. on terms that would be applied between two </span><span style=\"display:inherit;clear:left;\">independent parties. </span><span style=\"display:inherit;clear:left;\">The main financial flows with related parties are shown in the table below. </span><span style=\"display:inherit;clear:left;position:relative;height:485.880859375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 721.699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Operating revenues and income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 413.123px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,723 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,130 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.893px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other operating costs and expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 392.351px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(216)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.1739px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(283)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 721.605px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in trade and other receivables </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 380.209px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(439)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">332 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 721.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in trade and other payables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 410.438px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">65 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(209) </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in other current and non-current liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.227px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 719.174px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Interest received (paid)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 483.956px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(10)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 721.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cash fl</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ows from operating activities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 391.331px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,138 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.4784px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,961 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 70.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Investments:</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 237.42px; width: 719.033px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Property, plant and equipment and intangible assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 304.67px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(85)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(183)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 263.732px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Equity inv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">estments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 580.669px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(406)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.045px; width: 721.734px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Long-term financial receivables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 529.08px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 316.373px; width: 721.395px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Change in payables and receivables relating to in</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vestments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 276.416px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.8926px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 342.686px; width: 71.5605px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Divestments:</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 368.998px; width: 619.588px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Financial receivables (repayments)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 402.51px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">194 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 395.311px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cash flows from inv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">esting activities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 405.334px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">140 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(559)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 421.623px; width: 721.43px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Increase (decrease) in short</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-term financial payables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 318.164px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">200 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.008px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">300 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 447.951px; width: 721.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cash fl</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ows from financing activities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 403.748px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">200 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">300 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 474.264px; width: 721.746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL CASH FL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OWS TO RELA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TED ENTITIES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 347.397px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,478 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.4784px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,702 </span></span></span><span style=\"display:inherit;clear:left;\">The impact of cash flows with related parties is shown in the table below: </span><span style=\"display:inherit;clear:left;position:relative;height:130.990234375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 369.906px; top: 0.0078125px; width: 256.729px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 202.19px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 19.9141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 368.562px; top: 26.3359px; width: 47.9062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Related </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 598.781px; top: 26.3516px; width: 47.9062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Related </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 308.391px; top: 33.0859px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 436.547px; top: 33.0859px; width: 130.078px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impact %</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 666.734px; top: 33.1016px; width: 53.2441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impact %</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 368.562px; top: 39.8359px; width: 44.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">entities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 598.781px; top: 39.8516px; width: 44.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">entities</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.748px; width: 644.93px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cash flows from operating activities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.52px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,109 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,138 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.877px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27.7 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(135)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,961 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0605px; width: 721.582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cash flows from inv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">esting activities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 107.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,368)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">140 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 112.629px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2,231)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.1642px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(559)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">25.1 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.373px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cash flows from financing activities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.195px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2,321)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">200 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 120.574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,991 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">300 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15.1</span></span></span><span style=\"display:inherit;clear:left;\">38) <span class=\"_ _35\"> </span>PUBLIC DISBURSEMENTS - DISCLOSURE PURSUANT TO <span class=\"_ _1\"></span>ARTICLE 1, </span><span style=\"display:inherit;clear:left;\">P<span class=\"_ _11\"></span>ARAGRAPHS 125-129, LA<span class=\"_ _c\"></span>W NO. 124/2017</span><span style=\"display:inherit;clear:left;\">Pursuant to Article 1, paragraph 125 of Law No. 124/2017, as amended, information is given below on disbursements </span><span style=\"display:inherit;clear:left;\">received from Italian public entities and organisations, in favour of Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. and its fully consolidated subsidiaries. </span><span style=\"display:inherit;clear:left;\">Consolidated reporting takes into account disbursements received from Italian public entities/state bodies. In particular<span class=\"_ _1\"></span>, </span><span style=\"display:inherit;clear:left;\">disclosure is not required for the following: (i) the forms of incentive/subsidy received under a general aid scheme </span><span style=\"display:inherit;clear:left;\">to all beneficiaries; (ii) consideration for works/services, including sponsorships; (iii) reimbursements and allowances </span><span style=\"display:inherit;clear:left;\">paid to persons engaged in training and orientation traineeships; (iv) contributions received for continuing training by </span><span style=\"display:inherit;clear:left;\">inter-professional funds established in the legal form of an association; (v) membership dues for membership in trade </span><span style=\"display:inherit;clear:left;\">and territorial associations, as well as to foundations or equivalent organisations, functional to activities related to the </span><span style=\"display:inherit;clear:left;\">company's business. Disbursements are identified on a cash basis. </span><span style=\"display:inherit;clear:left;\">The disclosure obligations regarding the transparency of public disbursements granted, provided for by Law 124 of 2017 </span><span style=\"display:inherit;clear:left;\">in Article 1, paragraph 126, are not applicable for the Snam Group.</span><span style=\"display:inherit;clear:left;\">The disclosure presented below includes public disbursements in excess of \u20ac10,000 received during 2023. Pursuant to the </span><span style=\"display:inherit;clear:left;\">provisions of Article 3-quater of Decree-Law 135/2018, converted with amendments by Law 12 of 11 February 2019, for </span><span style=\"display:inherit;clear:left;\">the disbursements received, please refer to the indications contained in the National Register of State Aid referred to in </span><span style=\"display:inherit;clear:left;\">Article 52 of Law 234 of 24 December 2012. </span><span style=\"display:inherit;clear:left;position:relative;height:253.162109375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 600.422px; top: 0.0078125px; width: 121.189px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amount of economic </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 6.75781px; width: 412.482px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Beneficiar</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8534px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">DIsbursing entity</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Object of the contribution</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 590.031px; top: 13.5078px; width: 129.826px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">advant</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">age rec</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eived (\u20ac)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 40.4043px; width: 243.158px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">I-Gap Project:  Development of technologies </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 53.9043px; width: 304.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for the design and production of natural gas absorption </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 60.6543px; width: 221.438px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Snam S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.5196px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Lombardy Region</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 680.891px; top: 60.6699px; width: 40.0957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">72,932 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 67.4043px; width: 270.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">heat pumps for residential use with an innovative </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 80.9043px; width: 115.441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">thermodynamic cycle</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 125.906px; top: 107.232px; width: 61.4414px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Ministry of </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 113.982px; width: 306.246px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Construction of an LNG and Bio-GNL refuelling point for </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 125.906px; top: 120.732px; width: 101.736px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Infrastructure and </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 127.482px; width: 86.1387px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">GNL Italia S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 127.482px; width: 265.406px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">road tankers at the existing P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">anigaglia regasifier </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 664.031px; top: 127.482px; width: 56.9414px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,102,438 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 125.906px; top: 134.232px; width: 96.0645px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransport - NRRP </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 140.982px; width: 222.721px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">in Port</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ovenere (La Spezia</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">) - Pre-financing</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 125.906px; top: 147.732px; width: 113.068px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Supplementary Fund</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 174.045px; width: 264.639px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Construction of a liquefaction plant in Pignataro </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 125.906px; top: 187.545px; width: 61.4414px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Ministry of </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 187.545px; width: 252.908px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Maggiore (C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">esena) for the supply, st</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">orage and </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 125.906px; top: 201.045px; width: 101.736px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Infrastructure and </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 201.045px; width: 267.592px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">utilisation of Bio-GNL and LNG, suitable to foster </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 207.795px; width: 89.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Greenture S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 664.031px; top: 207.795px; width: 56.9414px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3,374,398 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 125.906px; top: 214.545px; width: 96.0645px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransport - NRRP </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 214.545px; width: 275.49px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">the decarbonisation of transport (with a particular </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 125.906px; top: 228.045px; width: 113.068px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Supplementary Fund</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 228.045px; width: 297.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">focus on the maritime sector) in Central Southern Italy </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 241.545px; width: 78.7324px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Pre-financing</span></span></span><span style=\"display:inherit;clear:left;\">39) <span class=\"_ _10c\"> </span>SIGNIFICANT EVENTS OCCURRING <span class=\"_ _c\"></span>AFTER THE END OF THE FINANCIAL <span class=\"_ _1\"></span>YEAR</span><span style=\"display:inherit;clear:left;\"><span><span style=\"display:inherit;clear:left;\">There were no significant events after the end of the financial year<span class=\"_ _1\"></span>.</span></span>  </span><span style=\"display:inherit;clear:left;\">40) <span class=\"_ _35\"> </span>PUBLICA<span class=\"_ _1\"></span>TION OF THE FINANCIAL<span class=\"_ _c\"></span> ST<span class=\"_ _1\"></span>A<span class=\"_ _11\"></span>TEMENTS</span><span style=\"display:inherit;clear:left;\">The financial statements were authorised for publication, to be carried out in accordance with law, by the Board of </span><span style=\"display:inherit;clear:left;\">Directors of Snam in its meeting of 13 March 2024. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__53": {
   "value": "<span style=\"display:inherit;clear:left;\">8) <span class=\"_ _2cb\"> </span>PROPERTY<span class=\"_ _11\"></span>, PLANT <span class=\"_ _1\"></span>AND EQUIPMENT  </span><span style=\"display:inherit;clear:left;position:relative;height:764.662109375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 443.703px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 454.672px; top: 26.3359px; width: 53.7715px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Industrial</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 33.4141px; width: 85.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 583.422px; top: 33.0859px; width: 70.2773px; white-space: pre; word-spacing: 0px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assets under</span><span style=\"word-spacing: 0px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 366.375px; top: 39.8359px; width: 57.2695px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Plant and </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 485.703px; top: 39.8359px; width: 22.8047px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 532.172px; top: 39.8359px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 248.453px; top: 46.5859px; width: 95.2793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Land</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 16.6054px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0.24px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Buildings</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 583.422px; top: 46.5859px; width: 71.3438px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">construction </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 688.844px; top: 46.5859px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 359.656px; top: 53.3359px; width: 61.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">equipment</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 443.703px; top: 53.3359px; width: 65.8008px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Commercial </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 530px; top: 53.3359px; width: 36.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">assets</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 581.5px; top: 60.0859px; width: 68.7188px; white-space: pre; word-spacing: 0px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and advanc</span><span style=\"word-spacing: 0px; letter-spacing: -0.6px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 448.422px; top: 66.8359px; width: 57.7324px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equipment</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.7324px; width: 719.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cost at 31.12.2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 154.131px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">181</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">555</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">25,429</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">150</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">256</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,340</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27,911</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 120.045px; width: 718.805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Investments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 202.711px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 130.975px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">35</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,119</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,171</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 146.357px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Divestments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 190.559px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.877px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (60)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.0449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (8)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (7)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (81)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 172.686px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in the scope of consolidation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">193</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">383</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">607</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.998px; width: 719.033px; white-space: pre; word-spacing: 0px; letter-spacing: -0.12px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Changes in rights of use for leased assets </span><span style=\"word-spacing: 0px; letter-spacing: -0.12px; display: inline-block; margin-left: 0px; width: 48.621px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 138.012px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 139.605px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 225.311px; width: 719.121px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 182.871px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">764</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">67</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.7071px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1,146)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (296)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 251.623px; width: 719.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cost at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 154.131px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">209</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">570</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">26,363</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">166</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">329</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,689</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">29,326</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 277.936px; width: 719.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which rights of use for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 138.012px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 139.605px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">57</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 304.264px; width: 149.25px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accumulated depreciation </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 259.094px; top: 311.014px; width: 459.697px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (162)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (10,236)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (81)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (107)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.895px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (10,589)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 317.764px; width: 75.1348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">at 31.12.2021</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 344.092px; width: 718.723px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 250.318px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (12)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (665)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (16)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (46)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.022px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (739)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 370.404px; width: 719.062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Divestments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 269.074px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">38</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 199.078px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">46</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 396.717px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in the scope of consolidation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 127.148px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (55)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.0449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.795px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (59)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 423.029px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 335.103px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 137.338px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 146.508px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 449.357px; width: 216.434px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amortisation of rights of use for leased </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 259.094px; top: 456.107px; width: 459.428px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.877px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 203.613px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 135.656px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (8)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 462.857px; width: 33.8555px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">assets</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 489.186px; width: 718.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accumulated depreciation at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (179)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.6875px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (10,913)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.6154px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (92)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (152)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.895px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (11,341)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 515.498px; width: 718.74px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which rights of use for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.877px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (6)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (15)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 203.613px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (23)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 541.811px; width: 172.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for impairment losses </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 259.094px; top: 548.561px; width: 459.814px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (34)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 205.283px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (80)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (118)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 555.311px; width: 75.2402px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">at 31.12.2021</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 581.639px; width: 718.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impairment </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 261.369px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.0449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 127.148px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (12)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 607.951px; width: 718.939px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Divestments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 269.074px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 291.17px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 634.264px; width: 719.074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rights of use for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 162.978px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 356.812px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 660.592px; width: 172.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for impairment losses </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 259.094px; top: 667.342px; width: 459.451px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (6)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (33)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.871px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (85)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (126)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 674.092px; width: 75.2402px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">at 31.12.2022</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 700.42px; width: 718.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which rights of use for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.086px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 356.812px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 726.732px; width: 719.18px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET BOOK V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ALUE AS A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 31.12.2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">177</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">390</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15,159</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">69</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">149</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,260</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17,204</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 753.045px; width: 719.18px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET BOOK V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ALUE AS A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">203</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">385</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15,417</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">73</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">177</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,604</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17,859</span></span></span><span style=\"display:inherit;clear:left;position:relative;height:724.833984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 444.625px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 455.453px; top: 26.3359px; width: 53.7715px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Industrial</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 33.4141px; width: 85.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 582.938px; top: 33.0859px; width: 70.2773px; white-space: pre; word-spacing: 0px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assets under</span><span style=\"word-spacing: 0px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 367.172px; top: 39.8359px; width: 57.2695px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Plant and </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 486.672px; top: 39.8359px; width: 22.8047px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 532.312px; top: 39.8359px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 249.047px; top: 46.5703px; width: 95.2793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Land</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 16.6054px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0.24px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Buildings</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 582.938px; top: 46.5859px; width: 71.3438px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">construction </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 690.875px; top: 46.5859px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 359.281px; top: 53.3359px; width: 61.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">equipment</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 444.625px; top: 53.3359px; width: 65.8008px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Commercial </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 529.734px; top: 53.3359px; width: 36.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">assets</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 581.672px; top: 60.0859px; width: 68.7188px; white-space: pre; word-spacing: 0px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and advanc</span><span style=\"word-spacing: 0px; letter-spacing: -0.6px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 449.172px; top: 66.8359px; width: 57.7324px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equipment</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.7324px; width: 719.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cost at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 154.131px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">209</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">570</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">26,363</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">166</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">329</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,689</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">29,326</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 120.045px; width: 719.039px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Investments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 195.978px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">45</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.0312px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,454</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,521</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 146.357px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Divestments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 202.711px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.0449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.5585px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (11)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 172.67px; width: 718.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in the scope of consolidation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">56</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">402</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">467</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.982px; width: 718.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 190.559px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">16</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,222</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">34</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1,263)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 225.311px; width: 719.314px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Changes in rights of use for leased assets </span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">12</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.3846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.4531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.8105px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 251.623px; width: 719.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cost at 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 154.131px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">239</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">598</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27,668</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">175</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">365</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,281</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31,326</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 277.936px; width: 719.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which rights of use for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">34</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">37</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.4239px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.008px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">77</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 304.248px; width: 718.904px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accumulated depreciation at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (179)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.6875px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (10,913)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.6154px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (92)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (152)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.4239px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.834px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (11,341)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 330.576px; width: 718.746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 200.578px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (13)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (694)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.6154px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (17)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (53)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.8105px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (777)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 356.889px; width: 718.863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in the scope of consolidation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (22)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.008px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (24)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 383.201px; width: 719.139px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 191.742px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">30</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 409.514px; width: 216.434px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amortisation of rights of use for leased </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 259.359px; top: 416.279px; width: 459.486px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.877px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.5585px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.7071px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.8105px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (9)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 423.014px; width: 33.8555px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">assets</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 449.342px; width: 718.682px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accumulated depreciation at 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (8)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (196)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.6875px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (11,606)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (105)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.6875px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (206)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.008px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.834px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (12,121)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 475.654px; width: 718.939px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which rights of use for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.877px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (8)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (20)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.4239px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (31)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 501.982px; width: 172.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for impairment losses </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 259.359px; top: 508.732px; width: 459.439px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (6)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (33)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (85)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (126)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 515.482px; width: 75.2402px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">at 31.12.2022</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 541.811px; width: 718.887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impairment </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 193.102px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.5196px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.621px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (126)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.5585px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (138)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 568.123px; width: 719.004px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 191.742px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 594.436px; width: 718.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rights of use for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.195px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.5585px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 620.748px; width: 178.816px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for impairment losses </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 259.359px; top: 627.514px; width: 459.797px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (7)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (159)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.9784px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (93)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (264)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 634.248px; width: 75.1348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">at 31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 660.576px; width: 719.203px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which rights of use for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.5196px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4531px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 686.904px; width: 719.18px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET BOOK V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ALUE AS A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">203</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">385</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15,417</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">73</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">177</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,604</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17,859</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 713.217px; width: 719.18px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET BOOK V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ALUE AS A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">228</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">395</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15,903</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">68</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">159</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,188</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">18,941</span></span></span><span style=\"display:inherit;clear:left;\">Property, plant and equipment (\u20ac18,941 million) mainly relates to transport infrastructure (\u20ac14,462 million<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">9</span><span style=\"display:inherit;clear:left;\">Investments</span><span style=\"display:inherit;clear:left;\"> (\u20ac1,521 million) mainly refer to the transport sector (\u20ac983 million<span class=\"_ _c\"></span>), chiefly relating to works aimed at </span><span style=\"display:inherit;clear:left;\">maintaining safety and quality levels of plants as well as investments in the development of new transport capacity. </span><span style=\"display:inherit;clear:left;\">During the year<span class=\"_ _1\"></span>, Snam capitalised financial expenses for \u20ac21 million (\u20ac25 million in 2022). </span><span style=\"display:inherit;clear:left;\">9 <span class=\"_ _80\"> </span>Investments by business segment are presented in the chapter 'Business Segment Performance<span class=\"_ _c\"></span>' of the Annual Report.</span><span style=\"display:inherit;clear:left;\">The change in the scope of consolidation (\u20ac443 million) refers mainly to the assets recognised in connection with the </span><span style=\"display:inherit;clear:left;\">acquisition of: (i) 100% of the capital of FSRU I Limited, owner of the ship FSRU BW Singapore; (ii) 100% of the share </span><span style=\"display:inherit;clear:left;\">capital of 10 companies operating in the biogas/biomethane business. </span><span style=\"display:inherit;clear:left;\">Divestments (\u20ac11 million) mainly relate to assets in the transport sector<span class=\"_ _1\"></span>. </span><span style=\"display:inherit;clear:left;\">Depreciation (\u20ac786 million) refers to economic<span class=\"_ _c\"></span>-technical depreciation determined on the basis of the useful life of assets, </span><span style=\"display:inherit;clear:left;\">i.e. their residual possibility of use by the company.</span><span style=\"display:inherit;clear:left;\">10</span><span style=\"display:inherit;clear:left;\">Impairment losses (\u20ac138 million) relate to write-downs of assets mainly concerning the Biomethane W<span class=\"_ _c\"></span>aste CGU</span><span style=\"display:inherit;clear:left;\"> (\u20ac122 </span><span style=\"display:inherit;clear:left;\">million).</span><span style=\"display:inherit;clear:left;\">The value of plant and equipment includes an estimate of the discounted costs that will be incurred for the removal of </span><span style=\"display:inherit;clear:left;\">structures and site restoration (\u20ac142 million, net of accumulated depreciation), mainly related to the storage (\u20ac80 million<span class=\"_ _c\"></span>) </span><span style=\"display:inherit;clear:left;\">and natural gas transportation (\u20ac40 million) segments.</span><span style=\"display:inherit;clear:left;\">Other changes (\u20ac43 million) mainly relate to: (i) the upward revision of estimated site decommissioning and restoration </span><span style=\"display:inherit;clear:left;\">costs, mainly related to the storage sector<span class=\"_ _1\"></span>, against the reduction of expected discount rates (\u20ac48 million in total); (ii) </span><span style=\"display:inherit;clear:left;\">the change in inventories of piping and related ancillary materials used in plant construction activities, referring to the </span><span style=\"display:inherit;clear:left;\">natural gas transportation segment (\u20ac44 million); (ii) subsidies on works for interference with third parties (so-called </span><span style=\"display:inherit;clear:left;\">\u201ccompensation\u201d, \u20ac-22 million<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">Contractual commitments for the acquisition of property, plant and equipment, as well as for the provision of services </span><span style=\"display:inherit;clear:left;\">related thereto, are indicated in Note 26 'Guarantees and Commitments'. </span><span style=\"display:inherit;clear:left;\">No collateral is pledged on property, plant or equipment.</span><span style=\"display:inherit;clear:left;\">10 <span class=\"_ _94\"> </span>For further details, see Note 9.2 'Impairment test'.</span><span style=\"display:inherit;clear:left;\">8.1 <span class=\"_ _3c\"> </span>Plant, property and equipment by business segment</span><span style=\"display:inherit;clear:left;\">Property, plant and equipment by business segment are analysed as follows: </span><span style=\"display:inherit;clear:left;position:relative;height:564.833984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.916px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Historical cost</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 502.136px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">29,325</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31,326</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.711px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransportation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 498.739px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23,881</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24,872</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Storage </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 541.283px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,291</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,520</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.998px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regasification</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 519.45px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">628</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,268</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransition</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 501.57px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">467</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">601</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 515.145px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">35</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">38</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 718.799px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amounts not allocated to segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 408.656px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 718.688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accumulated depreciation and pro</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vision for impairment losses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 235.119px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(11,466)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (12,385)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 237.42px; width: 718.922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransportation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 497.67px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(9,805)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (10,410)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 263.732px; width: 718.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Storage </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 533.52px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,442)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1,546)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.045px; width: 718.723px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regasification</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 518.303px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(96)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (121)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 316.373px; width: 718.84px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransition</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 500.561px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(99)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (278)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 342.686px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(12)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (12)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 368.998px; width: 718.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amounts not allocated to segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 400.868px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(12)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (18)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 395.311px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET BOOK V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ALUE</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 479.355px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17,859</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">18,941</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 421.623px; width: 718.711px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransportation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 498.739px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14,076</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14,462</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 447.951px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Storage </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 541.283px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,849</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,974</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 474.264px; width: 718.998px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regasification</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 519.45px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">532</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,147</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 500.576px; width: 718.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransition</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 501.57px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">368</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">323</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 526.889px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 515.145px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">26</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 553.217px; width: 718.799px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amounts not allocated to segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 408.656px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__54": {
   "value": "<span style=\"display:inherit;clear:left;\">9) <span class=\"_ _2cb\"> </span>Intangible assets and goodwill </span><span style=\"display:inherit;clear:left;position:relative;height:566.490234375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 460.438px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 363.688px; top: 26.3203px; width: 343.518px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Finite useful life</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 132.434px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Indefinite useful lif</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 279.5px; top: 52.6484px; width: 52.3494px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Industrial </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 344.359px; top: 52.6484px; width: 64.6576px; white-space: pre; word-spacing: 0.324px; letter-spacing: -0.324px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Conc</span><span style=\"word-spacing: 0.324px; letter-spacing: -0.324px; display: inline-block; margin-left: -0.44874px; width: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">essions,</span><span style=\"word-spacing: 0.324px; letter-spacing: -0.324px; display: inline-block; margin-left: 0px; width: 0.363866px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.59448px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 524.422px; top: 59.3828px; width: 37.1989px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assets </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 273.938px; top: 66.1484px; width: 58.7988px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">patent and </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 362.469px; top: 66.1484px; width: 45.958px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">licenc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.84645px; width: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es, </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 452.672px; top: 66.1484px; width: 33.1488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 530px; top: 72.8828px; width: 32.7058px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">under </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.6328px; width: 85.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 270.875px; top: 79.6484px; width: 62.2529px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">intellectual </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 344.359px; top: 79.6484px; width: 64.6735px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">trade marks </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 430.391px; top: 79.6484px; width: 55.2761px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Intangible </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 596.281px; top: 79.6484px; width: 122.07px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Goodwill</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.9078px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.84645px; width: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 496.719px; top: 86.3828px; width: 65.5066px; white-space: pre; word-spacing: 0.216px; letter-spacing: -0.216px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">construction </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 283.719px; top: 93.1484px; width: 48.3205px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">property </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 349.484px; top: 93.1484px; width: 58.7777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and similar </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 448.422px; top: 93.1484px; width: 34.6042px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assets</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 495.703px; top: 99.8828px; width: 63.0651px; white-space: pre; word-spacing: -0.0756px; letter-spacing: -0.432px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and advanc</span><span style=\"word-spacing: -0.0756px; letter-spacing: -0.432px; display: inline-block; margin-left: -0.84645px; width: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 299.953px; top: 106.648px; width: 30.491px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rights</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 375.703px; top: 106.648px; width: 30.491px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rights</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 133.529px; width: 718.875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cost at 31.12.2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 207.012px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">990</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">824</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">84</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">75</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">60</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,033</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.842px; width: 718.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Investments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 256.301px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">171</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 139.025px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">180</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 186.17px; width: 718.916px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Divestments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 313.67px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (15)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 212.203px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (16)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 212.482px; width: 718.746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in the scope of consolidation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 192.58px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">58</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 145.94px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">125</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.795px; width: 718.91px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impairment</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 249.176px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 295.072px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (7)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.3846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (9)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 265.264px; width: 718.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 229.922px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">135</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (25)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (139)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.5918px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (22)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 291.717px; width: 718.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cost at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.508px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,127</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.4531px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">875</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">86</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">107</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">96</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,291</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 318.029px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accumulated depreciation at 31.12.2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (723)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (118)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (25)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.879px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (866)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 344.342px; width: 718.811px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 228.744px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (101)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (10)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 205.283px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (120)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 370.67px; width: 718.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Divestments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 324.334px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 298.588px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 396.982px; width: 718.74px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 243.176px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 382.312px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 423.295px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accumulated depreciation at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (821)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (112)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (35)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.879px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (968)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 449.607px; width: 248.209px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for impairment losses at 31.12.2021</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 475.936px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impairment</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 249.176px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 371.83px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 502.248px; width: 719.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for impairment losses at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.9199px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 371.83px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 528.561px; width: 719.145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET BOOK V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ALUE AS A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 31.12.2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.52px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">267</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">706</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">59</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.5196px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">75</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">60</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,167</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 554.873px; width: 721.576px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET BOOK V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ALUE AS A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.52px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">304 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">763 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">51</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">107</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">96 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,321 </span></span></span><span style=\"display:inherit;clear:left;position:relative;height:539.896484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 461.016px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 364.609px; top: 26.3359px; width: 343.518px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Finite useful life</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 132.434px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Indefinite useful lif</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 281.422px; top: 52.6484px; width: 52.3494px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Industrial </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 344.938px; top: 52.6484px; width: 64.6576px; white-space: pre; word-spacing: 0.324px; letter-spacing: -0.324px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Conc</span><span style=\"word-spacing: 0.324px; letter-spacing: -0.324px; display: inline-block; margin-left: -0.44874px; width: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">essions,</span><span style=\"word-spacing: 0.324px; letter-spacing: -0.324px; display: inline-block; margin-left: 0px; width: 0.363866px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.59448px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 524.938px; top: 59.3984px; width: 37.1989px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assets </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 273.672px; top: 66.1484px; width: 58.7988px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">patent and </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 362.938px; top: 66.1484px; width: 45.958px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">licenc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.84645px; width: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es, </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 453.188px; top: 66.1484px; width: 33.1488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 529.734px; top: 72.8984px; width: 32.7058px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">under </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.6484px; width: 85.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 270.656px; top: 79.6484px; width: 62.2529px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">intellectual </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 344.938px; top: 79.6484px; width: 64.6735px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">trade marks </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 430.5px; top: 79.6484px; width: 55.2761px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Intangible </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 596.859px; top: 79.6484px; width: 122.07px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Goodwill</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.9078px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.84645px; width: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 496.766px; top: 86.3984px; width: 65.5066px; white-space: pre; word-spacing: 0.216px; letter-spacing: -0.216px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">construction </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 284.672px; top: 93.1484px; width: 48.3205px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">property </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 351.266px; top: 93.1484px; width: 58.7777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and similar </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 449.172px; top: 93.1484px; width: 34.6042px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assets</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 496.766px; top: 99.8984px; width: 63.0651px; white-space: pre; word-spacing: -0.0756px; letter-spacing: -0.432px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and advanc</span><span style=\"word-spacing: -0.0756px; letter-spacing: -0.432px; display: inline-block; margin-left: -0.84645px; width: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 300.203px; top: 106.648px; width: 30.491px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rights</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 376.281px; top: 106.648px; width: 30.491px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.8px; font-family: ff73; -webkit-text-stroke: 0.162px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rights</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 133.545px; width: 718.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cost at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.508px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,127</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.4531px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">875</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">86</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">107</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">96</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,291</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.857px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Investments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 256.301px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">246</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">253</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 186.17px; width: 718.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in the scope of consolidation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.4px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">52</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 14.4551px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">76</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 212.498px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impairment</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 260.918px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 14.4551px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (40)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (42)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.811px; width: 718.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 236.754px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">76</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (185)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (94)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 265.123px; width: 718.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cost at 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.508px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,204</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.4531px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">935</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">97</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">168</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">80</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,484</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 291.436px; width: 718.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accumulated depreciation at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (821)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (112)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (35)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 14.4551px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.5196px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.1642px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (968)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 317.748px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 228.744px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (116)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (11)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (12)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 14.4551px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.1642px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (139)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 344.076px; width: 718.846px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 236.754px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">94</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.5585px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 14.4551px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.8358px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">95</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 370.389px; width: 718.84px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accumulated depreciation at 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (843)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (122)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (47)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 14.4551px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.5196px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1,012)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 396.701px; width: 718.811px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for impairment losses at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.9199px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.2772px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.2051px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 423.014px; width: 718.811px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impairment</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 249.176px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.3846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (7)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.3846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (20)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 449.342px; width: 718.934px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 232.635px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 14.4551px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 475.654px; width: 719.062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for impairment losses at 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.9199px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (7)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (23)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 501.967px; width: 718.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET BOOK V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ALUE AS A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.52px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">304</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">763</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">51</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">107</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">96</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,321</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 528.279px; width: 718.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET BOOK V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ALUE AS A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.52px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">357</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">804</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">43</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">165</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">80</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,449</span></span></span><span style=\"display:inherit;clear:left;\">Industrial patent and intellectual property rights (\u20ac357 million) mainly relate to information systems and applications to </span><span style=\"display:inherit;clear:left;\">support operations. </span><span style=\"display:inherit;clear:left;\">Concessions, licences, trademarks and similar rights (\u20ac804 million) mainly refer to concessions for natural gas storage </span><span style=\"display:inherit;clear:left;\">activities (\u20ac661 million) and, in particular<span class=\"_ _1\"></span>, the Settala (\u20ac229 million), Sergnano (\u20ac127 million) and Fiume T<span class=\"_ _1\"></span>reste (\u20ac91 </span><span style=\"display:inherit;clear:left;\">million) concessions. The value of storage concessions is represented by the reserves of natural gas in reservoirs (so-called </span><span style=\"display:inherit;clear:left;\">11</span><span style=\"display:inherit;clear:left;\">'Cushion Gas<span class=\"_ _c\"></span>'</span><span style=\"display:inherit;clear:left;\">). The change in the scope of consolidation (\u20ac52 million) essentially relates to the valuation of authorisations </span><span style=\"display:inherit;clear:left;\">and concessions for operating activities, carried out under the PP<span class=\"_ _c\"></span>A, for companies operating in the biogas/biomethane </span><span style=\"display:inherit;clear:left;\">business.</span><span style=\"display:inherit;clear:left;\">Other intangible assets (\u20ac43 million) mainly include the fair value assigned, in previous years, under the Purchase Price </span><span style=\"display:inherit;clear:left;\">Allocation (PP<span class=\"_ _c\"></span>A), as governed by IFRS 3 'Business Combinations', relating in particular to the order backlog pertaining to </span><span style=\"display:inherit;clear:left;\">the energy efficiency business (approximately \u20ac38 million). Amortisation is based on the average duration of the contracts.</span><span style=\"display:inherit;clear:left;\">Goodwill (\u20ac80 million) decreased due to the write-down of the Biomethane W<span class=\"_ _c\"></span>aste CGU (\u20ac40 million), partially offset by the </span><span style=\"display:inherit;clear:left;\">increase due to acquisitions made during the year (\u20ac24 million).</span><span style=\"display:inherit;clear:left;\">For more information on business combinations undertaken during 2023, see Note 24 'Business Combinations<span class=\"_ _c\"></span>'.</span><span style=\"display:inherit;clear:left;\">11 <span class=\"_ _94\"> </span>Cushion gas is not subject to amortisation.</span><span style=\"display:inherit;clear:left;\">12</span><span style=\"display:inherit;clear:left;\">Investments (\u20ac253 million), mainly in the natural gas transport sector (\u20ac156 million<span class=\"_ _c\"></span>)</span><span style=\"display:inherit;clear:left;\">, relate to information system </span><span style=\"display:inherit;clear:left;\">development projects.</span><span style=\"display:inherit;clear:left;\">The change in the scope of consolidation (\u20ac76 million) refers to the assets recognised for the acquisition of 100% of the </span><span style=\"display:inherit;clear:left;\">share capital of 10 companies operating in the biogas/biomethane business.</span><span style=\"display:inherit;clear:left;\">Impairment losses (\u20ac62 million), in addition to the goodwill impairment reported above, mainly include impairment losses </span><span style=\"display:inherit;clear:left;\">13</span><span style=\"display:inherit;clear:left;\">on assets pertaining to the Biomethane Waste CGU</span><span style=\"display:inherit;clear:left;\">.</span><span style=\"display:inherit;clear:left;\">Amortisation and depreciation (\u20ac139 million) refer to economic<span class=\"_ _c\"></span>-technical amortisation determined on the basis of the </span><span style=\"display:inherit;clear:left;\">useful life (finite useful life) of intangible assets, i.e. on the basis of their remaining use by the company<span class=\"_ _c\"></span>. </span><span style=\"display:inherit;clear:left;\">Contractual commitments for the purchase of intangible assets as well as for the provision of services related to their </span><span style=\"display:inherit;clear:left;\">realisation are described in Note 26 'Guarantees and commitments'. </span><span style=\"display:inherit;clear:left;\">9.1 <span class=\"_ _3c\"> </span>Intangible assets by business segment</span><span style=\"display:inherit;clear:left;\">Intangible assets by business segment are analysed as follows: </span><span style=\"display:inherit;clear:left;position:relative;height:564.833984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Historical cost</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 509.002px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,291</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,486</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransportation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 505.77px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,030</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,110</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Storage </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 551.002px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">876</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">891</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regasification</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 526.185px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransition</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 501.57px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">252</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">305</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 515.145px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 718.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amounts not allocated to segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 402.06px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">110</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">152</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 719.068px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accumulated depreciation and pro</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vision for impairment losses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 249.176px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (970)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.6154px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1,037)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 237.42px; width: 718.658px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransportation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 504.761px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (673)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (696)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 263.732px; width: 718.828px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Storage </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 540.45px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (173)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (181)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.045px; width: 718.816px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regasification</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 522.544px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (7)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (8)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 316.373px; width: 718.863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransition</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 497.67px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (37)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (76)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 342.686px; width: 719.045px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 504.248px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (10)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 85.1659px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (8)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 368.998px; width: 719.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amounts not allocated to segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 398.314px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (70)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (66)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 395.311px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET BOOK V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ALUE</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 486.169px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,321</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,449</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 421.623px; width: 718.951px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransportation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 515.145px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">357</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">414</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 447.951px; width: 718.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Storage </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 551.002px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">703</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">710</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 474.264px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regasification</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 532.95px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 500.576px; width: 718.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransition</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 501.57px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">215</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">229</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 526.889px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 623.959px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 553.217px; width: 718.799px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amounts not allocated to segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 408.656px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">86</span></span></span><span style=\"display:inherit;clear:left;\">12 <span class=\"_ _94\"> </span>Investments by business segment are presented in the chapter 'Business Segment Performance' of the Annual Report.</span><span style=\"display:inherit;clear:left;\">13 <span class=\"_ _94\"> </span>For further details, see Note 9.2 'Impairment test'.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__55": {
   "value": "<span style=\"display:inherit;clear:left;\">9.2 <span class=\"_ _3c\"> </span>Impairment test </span><span style=\"display:inherit;clear:left;\">As required by the relevant accounting standard (IA<span class=\"_ _0\"></span>S 36), </span><span style=\"display:inherit;clear:left;\">impairment testing is performed at least annually for all </span><span style=\"display:inherit;clear:left;\">CGUs (or groups of CGUs<span class=\"_ _c\"></span>) to which goodwill has been </span><span style=\"display:inherit;clear:left;\">allocated, as well as for CGUs (or groups of CGUs<span class=\"_ _c\"></span>) with </span><span style=\"display:inherit;clear:left;\">intangible assets that have an indefinite useful lives and </span><span style=\"display:inherit;clear:left;\">intangible assets not yet available for use. For all remaining </span><span style=\"display:inherit;clear:left;\">CGUs (or groupings of CGUs<span class=\"_ _c\"></span>), impairment testing is </span><span style=\"display:inherit;clear:left;\">performed only in the presence of impairment indicators. </span><span style=\"display:inherit;clear:left;\">The macroeconomic landscape over the past year has also </span><span style=\"display:inherit;clear:left;\">been characterized by a substantial inflationary trend. In </span><span style=\"display:inherit;clear:left;\">response to this, major central banks, including the ECB, </span><span style=\"display:inherit;clear:left;\">have implemented significant and recurrent raises of their </span><span style=\"display:inherit;clear:left;\">respective benchmark interest rates. </span><span style=\"display:inherit;clear:left;\">The markets, in which these phenomena took place </span><span style=\"display:inherit;clear:left;\">(including the Eurozone<span class=\"_ _1\"></span>), are a snapshot of 2023, </span><span style=\"display:inherit;clear:left;\">characterised by the presence of widespread signs </span><span style=\"display:inherit;clear:left;\">14</span><span style=\"display:inherit;clear:left;\">of external impairment indicators</span><span style=\"display:inherit;clear:left;\">. Therefore, at 31 </span><span style=\"display:inherit;clear:left;\">December 2023, in addition to the disclosure in Note 10 </span><span style=\"display:inherit;clear:left;\">\"Equity Investments\", the test was performed for all the </span><span style=\"display:inherit;clear:left;\">main CGUs and groupings of CGUs, in particular: </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>for gas infrastructure, for the Snam Rete Gas, ITG, LNG<span class=\"_ _0\"></span>, </span><span style=\"display:inherit;clear:left;\">FSRU Piombino and Stogit CGUs; limited to the ITG C<span class=\"_ _c\"></span>GU, </span><span style=\"display:inherit;clear:left;\">goodwill of \u20ac27 million was allocated; </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>for the sustainable mobility business, consisting of petrol </span><span style=\"display:inherit;clear:left;\">stations, and micro-liquefaction plants, for the Greenture </span><span style=\"display:inherit;clear:left;\">CGU;</span><span style=\"display:inherit;clear:left;\">15</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>for the Biomethane Agri CGU</span><span style=\"display:inherit;clear:left;\">, consisting of agricultural </span><span style=\"display:inherit;clear:left;\">biomass treatment plants for the production of </span><span style=\"display:inherit;clear:left;\">biomethane and related services, goodwill of \u20ac35 million </span><span style=\"display:inherit;clear:left;\">was allocated; </span><span style=\"display:inherit;clear:left;\">16</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>for the Biomethane Waste CGU</span><span style=\"display:inherit;clear:left;\">, consisting of the </span><span style=\"display:inherit;clear:left;\">FORSU treatment plants with reference to which, at </span><span style=\"display:inherit;clear:left;\">31 December 2023, there was no outstanding goodwill </span><span style=\"display:inherit;clear:left;\">allocated against the impairment charges made;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>for the energy efficiency business, by the Energy </span><span style=\"display:inherit;clear:left;\">Efficiency CGU grouping, consisting of the TEP Energy </span><span style=\"display:inherit;clear:left;\">Solution, Renovit Public Solutions and Evolve CGUs, </span><span style=\"display:inherit;clear:left;\">as well as the sub-holding Renovit, to which goodwill </span><span style=\"display:inherit;clear:left;\">totalling \u20ac19 million was allocated; this is due to the </span><span style=\"display:inherit;clear:left;\">strong vertical integration between the companies </span><span style=\"display:inherit;clear:left;\">in the management of know-how and technologies, </span><span style=\"display:inherit;clear:left;\">which allows for the creation of important synergies in </span><span style=\"display:inherit;clear:left;\">presenting a unified offer to the market. </span><span style=\"display:inherit;clear:left;\">14 <span class=\"_ _94\"> </span>Pursuant to paragraph 12 of IAS 36.</span><span style=\"display:inherit;clear:left;\">15 <span class=\"_ _94\"> </span>The Biomethane Agri CGU at 31 December 2023 consisted of 32 </span><span style=\"display:inherit;clear:left;\">companies. With respect to the perimeter of the CGU at 31.12.2022, for </span><span style=\"display:inherit;clear:left;\">the purposes of the Consolidated Financial Statements at 31.12.2023, </span><span style=\"display:inherit;clear:left;\">this perimeter does not include Societ\u00e0 Agricola Ariano Biometano </span><span style=\"display:inherit;clear:left;\">S.r.l., due to the sale finalised in October 2023, while it includes the 8 </span><span style=\"display:inherit;clear:left;\">companies acquired during 2023 1) Agriwatt Castel Goffredo Societ\u00e0 </span><span style=\"display:inherit;clear:left;\">Agricola a r<span class=\"_ _c\"></span>.l., 2) Soragna Agroenergie Societ\u00e0 Agricola S.r.l., 3) Zibello </span><span style=\"display:inherit;clear:left;\">Agroenergie Societ\u00e0 Agricola S.r.l., 4) Bietifin S.r<span class=\"_ _1\"></span>.l., 5) Moglia Energia </span><span style=\"display:inherit;clear:left;\">Societ\u00e0 Agricola a r<span class=\"_ _c\"></span>.l., 6) MST S.r.l., 7) Societ\u00e0 Agricola Agrimetano Ro </span><span style=\"display:inherit;clear:left;\">S.r.l., 8) Societ\u00e0 Agricola P<span class=\"_ _c\"></span>ozzonovo S.r<span class=\"_ _c\"></span>.l.</span><span style=\"display:inherit;clear:left;\">16 <span class=\"_ _94\"> </span>The Biomethane Waste CGU also includes the two companies of the </span><span style=\"display:inherit;clear:left;\">Waste business acquired in 2023 - CH4 Energy S.r<span class=\"_ _c\"></span>.l. and Biowaste CH4 </span><span style=\"display:inherit;clear:left;\">Legnano S.r.l..</span><span style=\"display:inherit;clear:left;\">With the exception of disclosure in Note 10<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">\"Investments\", the impairment test was performed on<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">the basis of a similar CGU set<span class=\"_ _c\"></span>-up compared to last year<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">The recoverable amount of the Greenture CGU was<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">determined, as the value in use, based on the cash </span><span style=\"display:inherit;clear:left;\">flows of the company's plans using the Discounted </span><span style=\"display:inherit;clear:left;\">Cash Flow (DCF) Method. In consideration of the </span><span style=\"display:inherit;clear:left;\">business development phase, and in view of the planned </span><span style=\"display:inherit;clear:left;\">investment plan, the cash flows were determined </span><span style=\"display:inherit;clear:left;\">considering a longer horizon than the forecast data of<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">the 2024-2027 Plan, in order to be able to consider all </span><span style=\"display:inherit;clear:left;\">the effects that may significantly affect these flows. For </span><span style=\"display:inherit;clear:left;\">the discounting of cash flows, the Weighted Average<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">Cost of Capital (WACC) was used. The T<span class=\"_ _1\"></span>erminal Value<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">was calculated using the perpetuity method, applying a </span><span style=\"display:inherit;clear:left;\">growth rate substantially in line with market evidence for<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">the expected long-term inflation rate for the reference </span><span style=\"display:inherit;clear:left;\">area, based on values provided by the International </span><span style=\"display:inherit;clear:left;\">Monetary Fund (IMF).</span><span style=\"display:inherit;clear:left;\">With reference to the biomethane business, the </span><span style=\"display:inherit;clear:left;\">recoverable value of the two CGUs identified,<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">Biomethane Agri CGU and Biomethane Waste C<span class=\"_ _c\"></span>GU, was<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">determined, as the value in use, based on the Discounted </span><span style=\"display:inherit;clear:left;\">Cash Flow (DCF) Method, using the 2024-2027 Plan </span><span style=\"display:inherit;clear:left;\">approved by the Board. For both CGUs, the cash flows<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">were determined considering a longer time horizon<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">than the forecast data of the 2024-2027 Plan approved </span><span style=\"display:inherit;clear:left;\">by the Board, in order to be able to consider all the </span><span style=\"display:inherit;clear:left;\">effects that may significantly affect the cash flows. For </span><span style=\"display:inherit;clear:left;\">the discounting of cash flows, the Weighted Average<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">Cost of Capital (WACC) was used. The terminal value<span class=\"_ _1\"></span> </span><span style=\"display:inherit;clear:left;\">was calculated using the perpetuity method, applying a </span><span style=\"display:inherit;clear:left;\">growth rate no higher than the market evidence for the<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">expected inflation rate in the long term, based on values </span><span style=\"display:inherit;clear:left;\">provided by the IMF<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">With regard to the Energy Efficiency business, the </span><span style=\"display:inherit;clear:left;\">recoverable amount of the Energy Efficiency CGU </span><span style=\"display:inherit;clear:left;\">grouping was determined, as the value in use, based on </span><span style=\"display:inherit;clear:left;\">the Discounted Cash Flow (DCF) Method. The cash flows </span><span style=\"display:inherit;clear:left;\">were determined considering a broader time horizon than </span><span style=\"display:inherit;clear:left;\">the forecast data of the 2024-2027 Plan approved by the </span><span style=\"display:inherit;clear:left;\">Board, in order to be able to consider all the effects that </span><span style=\"display:inherit;clear:left;\">may significantly affect cash flows. For the discounting of </span><span style=\"display:inherit;clear:left;\">cash flows, the Weighted Average Cost of Capital (W<span class=\"_ _c\"></span>ACC) </span><span style=\"display:inherit;clear:left;\">was used. The terminal value was calculated using the </span><span style=\"display:inherit;clear:left;\">perpetuity method, applying a growth rate in line with </span><span style=\"display:inherit;clear:left;\">market evidence for the expected inflation rate in the </span><span style=\"display:inherit;clear:left;\">long term, based on values provided by the IMF<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">With reference to the T<span class=\"_ _c\"></span>ransportation (Snam Rete Gas), </span><span style=\"display:inherit;clear:left;\">Regasification (FSRU Piombino and LNG) and Storage </span><span style=\"display:inherit;clear:left;\">(Stogit) CGUs, the recoverable value was defined as </span><span style=\"display:inherit;clear:left;\">corresponding to the estimated value of the Net Invested </span><span style=\"display:inherit;clear:left;\">Capital recognised to these assets for tariff purposes </span><span style=\"display:inherit;clear:left;\">(R<span class=\"_ _0\"></span>AB - Regulatory A<span class=\"_ _0\"></span>sset Base) by ARERA<span class=\"_ _0\"></span>, the energy </span><span style=\"display:inherit;clear:left;\">regulator<span class=\"_ _1\"></span>, including fixed assets valued using the revalued </span><span style=\"display:inherit;clear:left;\">historical cost method, lump-sum net working capital, </span><span style=\"display:inherit;clear:left;\">net of adjustment items, including employee severance </span><span style=\"display:inherit;clear:left;\">indemnity, the provision for decommissioning where </span><span style=\"display:inherit;clear:left;\">applicable, and grants received. The R<span class=\"_ _0\"></span>AB is also the basis </span><span style=\"display:inherit;clear:left;\">for determining the service charges and, therefore, the </span><span style=\"display:inherit;clear:left;\">cash flows generated by the activities.</span><span style=\"display:inherit;clear:left;\">With regard to the ITG CGU<span class=\"_ _1\"></span>, the recoverable amount of </span><span style=\"display:inherit;clear:left;\">this CGU was determined, as the value in use, based on </span><span style=\"display:inherit;clear:left;\">the Discounted Cash Flow (DCF) Method, using the 2024-</span><span style=\"display:inherit;clear:left;\">2027 Plan approved by the Board. The T<span class=\"_ _1\"></span>erminal Value, </span><span style=\"display:inherit;clear:left;\">consistent with the practice in the energy infrastructure </span><span style=\"display:inherit;clear:left;\">sector<span class=\"_ _1\"></span>, was estimated as the disposal value at the end </span><span style=\"display:inherit;clear:left;\">of the plan time horizon, assuming the recognition of a </span><span style=\"display:inherit;clear:left;\">premium in line with the market evidence examined at 31 </span><span style=\"display:inherit;clear:left;\">December 2023. </span><span style=\"display:inherit;clear:left;\">For CGUs where the value in use is determined through </span><span style=\"display:inherit;clear:left;\">the Discounted Cash Flow method, the reference </span><span style=\"display:inherit;clear:left;\">discount rate is the Weighted Average Cost of Capital<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">(WACC), corresponding to the weighted average cost of<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">capital, determined, consistently with applicable doctrine </span><span style=\"display:inherit;clear:left;\">and prevailing methodological practices, based on the </span><span style=\"display:inherit;clear:left;\">following main assumptions:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">Risk Free Rate: the 10-year sovereign bond, issued by </span></span><span style=\"display:inherit;clear:left;\">the reference country in which the assets belonging </span><span style=\"display:inherit;clear:left;\">to the CGU (or the CGU grouping) operate, is used to<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">determine the risk-free rate;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">Equity Risk Premium: the equity risk premium </span></span><span style=\"display:inherit;clear:left;\">is determined by Snam on the basis of the main </span><span style=\"display:inherit;clear:left;\">authoritative external industry sources;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">Beta Unlevered: this is calculated as the average </span></span><span style=\"display:inherit;clear:left;\">figure taken from the panel of identified comparable </span><span style=\"display:inherit;clear:left;\">companies specifically selected for each CGU;<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">D/E: the debt<span class=\"_ _1\"></span>-to-equity ratio is determined as an </span></span><span style=\"display:inherit;clear:left;\">average parameter taken from the panel of comparable </span><span style=\"display:inherit;clear:left;\">companies referred to each CGU, ex<span class=\"_ _c\"></span>cept where, in the </span><span style=\"display:inherit;clear:left;\">absence of current or planned financial payables, zero </span><span style=\"display:inherit;clear:left;\">leverage is used;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">Beta Relevered: this is calculated from the Beta </span></span><span style=\"display:inherit;clear:left;\">Unlevered using Hamada's formula, which tak<span class=\"_ _c\"></span>es into </span><span style=\"display:inherit;clear:left;\">account the tax effect, and the average D/E of the panel<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">of comparable companies considered; </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">Reference Rate for the cost of debt: this is calculated </span></span><span style=\"display:inherit;clear:left;\">as the average of the swap rates of 10-year euro-</span><span style=\"display:inherit;clear:left;\">denominated instruments;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">Credit Spread: this is determined as the average </span></span><span style=\"display:inherit;clear:left;\">parameter taken from the panel of comparable </span><span style=\"display:inherit;clear:left;\">companies specifically selected for each CGU.<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">Additional risks are also appied (Specific Risk Premium)<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">aimed at reflecting, where applicable, within each </span><span style=\"display:inherit;clear:left;\">discount rate, specific considerations related to aspects </span><span style=\"display:inherit;clear:left;\">characterising a CGU (or grouping of CGUs<span class=\"_ _c\"></span>) such as, for </span><span style=\"display:inherit;clear:left;\">example, business risks or risks related to the stage of </span><span style=\"display:inherit;clear:left;\">development of the activities performed.</span><span style=\"display:inherit;clear:left;\">The Snam methodology requires these values to be </span><span style=\"display:inherit;clear:left;\">updated annually. At 31 December 2023, the WAC<span class=\"_ _c\"></span>Cs </span><span style=\"display:inherit;clear:left;\">estimated by the Snam group and used in the impairment </span><span style=\"display:inherit;clear:left;\">tests were between 5.5% and 12.3% (between 5.57% and </span><span style=\"display:inherit;clear:left;\">8.97% for the year 2022).</span><span style=\"display:inherit;clear:left;\">For all CGUs and groupings of CGUs, the recoverable value<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">as depicted above was higher than their net book value, </span><span style=\"display:inherit;clear:left;\">including related goodwill, except for the Biomethane </span><span style=\"display:inherit;clear:left;\">Waste CGU<span class=\"_ _1\"></span>. </span><span style=\"display:inherit;clear:left;\">In particular<span class=\"_ _1\"></span>, as of 31 December 2023, the forecasts </span><span style=\"display:inherit;clear:left;\">relating to the business of managing OFMSW treatment </span><span style=\"display:inherit;clear:left;\">plants were affected by the combined effect of the </span><span style=\"display:inherit;clear:left;\">following phenomena: (i) the market dynamics of </span><span style=\"display:inherit;clear:left;\">OFMSW which negatively impacted the forecast of the </span><span style=\"display:inherit;clear:left;\">contribution tariffs developed by the Company, as well as<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">(ii) the increase in operating costs, mainly including waste </span><span style=\"display:inherit;clear:left;\">disposal costs.</span><span style=\"display:inherit;clear:left;\">A comparison between the recoverable amount and </span><span style=\"display:inherit;clear:left;\">the book value of the Biomethane Waste CGU showed a<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">difference in value of \u20ac135 million, which led to the full </span><span style=\"display:inherit;clear:left;\">write-down of goodwill, amounting to approximately </span><span style=\"display:inherit;clear:left;\">\u20ac40 million, as well as of a part of property, plant and </span><span style=\"display:inherit;clear:left;\">equipment and intangible assets for the remaining </span><span style=\"display:inherit;clear:left;\">amount of around \u20ac95 million.</span><span style=\"display:inherit;clear:left;\">As required by IA<span class=\"_ _0\"></span>S 36, the CGUs subject to impairment </span><span style=\"display:inherit;clear:left;\">testing, whose recoverable value was determined by </span><span style=\"display:inherit;clear:left;\">discounting the expected cash flows from the use of the </span><span style=\"display:inherit;clear:left;\">asset (as well as from its sale at the end of its useful life </span><span style=\"display:inherit;clear:left;\">in some cases), were subjected to a sensitivity analysis </span><span style=\"display:inherit;clear:left;\">of the recoverable value, in the worst<span class=\"_ _c\"></span>-case scenario that </span><span style=\"display:inherit;clear:left;\">envisages a 0.5 percentage point increase in the discount </span><span style=\"display:inherit;clear:left;\">rate applied during the impairment test. This sensitivity </span><span style=\"display:inherit;clear:left;\">analysis did not highlight significant negative differences </span><span style=\"display:inherit;clear:left;\">in value.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__56": {
   "value": "<span style=\"display:inherit;clear:left;\">10) <span class=\"_ _35\"> </span>Investments accounted for using the equity method </span><span style=\"display:inherit;clear:left;position:relative;height:538.505859375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">SeaCorridor S.r</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.l.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 521.426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">648</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">er\u00e9ga Holding S.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.S. </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 478.219px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">398</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">430</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rans Austria Gasleitung GmbH (T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AG)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 395.456px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">274</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">228</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 719.051px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">AS Gasinfrastruktur Beteiligung GmbH</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 394.166px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">93</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">112</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 719.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">OL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.5969px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T - Offshore LNG T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">oscana S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 418.695px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">32</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">33</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 573.919px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 97.7227px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal equity investments in companies under joint control</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 286.418px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">797</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,452</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 719.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rans Adriatic Pipeline A.G. (T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AP)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 418.695px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">450</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">404</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 237.42px; width: 718.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Industrie De Nora S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 467.017px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">402</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">376</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 263.732px; width: 719.162px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Italgas S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 526.894px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">285</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">313</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.045px; width: 719.08px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Senfluga Energy Infrastructure Holdings S.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 351.861px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">168</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">207</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 316.373px; width: 718.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Galaxy Pipeline Assets HoldCo Limited </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 392.351px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">70</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">131</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 342.686px; width: 718.863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Interconnect</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">or Limited</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 478.219px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">84</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">68</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 368.998px; width: 718.805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">East Mediterranean Gas Compan</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 420.311px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">45</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">49</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 395.311px; width: 718.887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">dCarbonX Limited</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 512.04px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 421.623px; width: 718.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 573.919px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 97.7227px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 447.951px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal equity investments in associates</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 381.855px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,511</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,566</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 474.264px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 572.43px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 500.576px; width: 718.986px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal equity investments in subsidiaries</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 397.47px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 526.889px; width: 718.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL INVESTMENTS A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">CC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OUNTED FOR USING THE E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">QUIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Y METHOD</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 201.504px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,313</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,019</span></span></span><span style=\"display:inherit;clear:left;\">The change during the year is shown in the table below. </span><span style=\"display:inherit;clear:left;position:relative;height:554.04296875px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 372.984px; top: 0.0078125px; width: 38.3906px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 477.359px; top: 6.75781px; width: 39.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 579.969px; top: 6.75781px; width: 39.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 327.938px; top: 13.5078px; width: 83.5605px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">investments in </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 20.2578px; width: 85.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 430.391px; top: 20.2578px; width: 87.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">investments in </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 532.172px; top: 20.2578px; width: 87.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">investments in </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 688.844px; top: 20.2578px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 315.203px; top: 27.0078px; width: 96.2578px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">companies under </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 454.672px; top: 33.7578px; width: 59.8242px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">associates</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 531.016px; top: 33.7578px; width: 85.5879px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">subsidiaries (*)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 340.172px; top: 40.5078px; width: 67.7051px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">joint contr</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ol</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 67.3887px; width: 718.729px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at 01.01.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 256.301px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,063</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.5918px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,488</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,560</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.7168px; width: 719.227px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Acquisitions and subscriptions</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 344.103px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.508px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">5</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 120.029px; width: 719.016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Disposals and redemptions</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 346.67px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(86)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 182.455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(86)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 146.342px; width: 718.717px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Dividends received</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 284.279px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(15)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 85.1659px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(92)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 175.078px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(107)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 172.654px; width: 225.797px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Effect of accounting using the equity method</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.982px; width: 719.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Amount recogniz</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ed through profit and loss</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 147.41px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">107</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.0352px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">37</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 183.668px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">144</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 225.295px; width: 718.811px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Amount recogniz</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ed through comprehensive income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 107.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">16</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 85.7168px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">114</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 183.668px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">130</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 251.607px; width: 718.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Writebacks/(W</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rite-downs)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 238.494px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(365)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.7267px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.2772px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(336)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 277.92px; width: 718.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 311.59px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.7267px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 304.232px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 266.361px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">797</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.5918px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,511</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,313</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 330.561px; width: 718.617px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Acquisitions and subscriptions</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 224.473px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">411</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">421</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 356.873px; width: 718.869px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Disposals and redemptions</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 237.428px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (87)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (83)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.1739px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (170)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 383.186px; width: 718.611px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Dividends received</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 285.826px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (23)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.5918px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (176)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (199)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 409.498px; width: 715.951px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Effect of accounting using the equity method</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 156.527px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 435.826px; width: 718.986px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Amount recogniz</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ed through profit and loss</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 154.131px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">83</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">328</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">410</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 462.139px; width: 718.828px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Amount recogniz</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ed through comprehensive income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.9142px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (12)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (38)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (50)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 488.451px; width: 718.857px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other changes </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 305.783px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">283</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 85.1659px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">294</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 514.764px; width: 718.729px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 256.301px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,452</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.5918px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,566</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,019</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 545.051px; width: 366.193px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff7b; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)  Equity investments refer to unconsolidated subsidiaries valued using the equity method.</span></span></span><span style=\"display:inherit;clear:left;\">Purchases and subscriptions (\u20ac421 million) mainly relate to the acquisition from Eni of a 49.9% stak<span class=\"_ _c\"></span>e in SeaCorridor S.r.l. </span><span style=\"display:inherit;clear:left;\">(\u20ac410 million), a company that holds stak<span class=\"_ _c\"></span>es in the companies operating the TTPC and TMPC pipelines.</span><span style=\"display:inherit;clear:left;\">Disposals and redemptions (\u20ac170 million) mainly relate to the sale of shares in Industrie De Nora S.p.A<span class=\"_ _0\"></span>. (\u20ac68 million), a </span><span style=\"display:inherit;clear:left;\">transaction after which Snam holds 21.59% of the company's share capital (25.79% prior to the sale) and the repayment of </span><span style=\"display:inherit;clear:left;\">capital reserves by SeaCorridor S<span class=\"_ _0\"></span>.r<span class=\"_ _c\"></span>.l. (\u20ac87 million).</span><span style=\"display:inherit;clear:left;\">The dividends received (\u20ac199 million) mainly refer to the company under joint control T<span class=\"_ _1\"></span>er\u00e9ga (\u20ac15 million) and </span><span style=\"display:inherit;clear:left;\">the associated companies T<span class=\"_ _1\"></span>AP (\u20ac72 million), Italgas (\u20ac35 million), Galaxy Pipeline Assets HoldCo (\u20ac29 million) and </span><span style=\"display:inherit;clear:left;\">Interconnector Limited (\u20ac27 million).</span><span style=\"display:inherit;clear:left;\">The effect of accounting using the equity method recognised in the income statement (\u20ac410 million) relates to the portion </span><span style=\"display:inherit;clear:left;\">of the companies' net results for the period, resulting from positive results totalling \u20ac458 million and negative results </span><span style=\"display:inherit;clear:left;\">totalling \u20ac48 million.</span><span style=\"display:inherit;clear:left;\">The effect of accounting using the equity method recognised in the statement of comprehensive income (- \u20ac50 million) </span><span style=\"display:inherit;clear:left;\">is mainly attributable to the change in the fair value of hedging derivatives of the companies T<span class=\"_ _1\"></span>er\u00e9ga and OL<span class=\"_ _1\"></span>T under joint </span><span style=\"display:inherit;clear:left;\">control and the associated companies T<span class=\"_ _1\"></span>AP and Senfluga.</span><span style=\"display:inherit;clear:left;\">Other changes (\u20ac294 million) mainly refer to the estimated earn-outs provided for under contractual agreements signed </span><span style=\"display:inherit;clear:left;\">for the acquisition of equity investments.</span><span style=\"display:inherit;clear:left;\">The macroeconomic landscape over the past year has </span><span style=\"display:inherit;clear:left;\">been characterized by a substantial inflationary trend. In </span><span style=\"display:inherit;clear:left;\">response to this, major central banks, including the ECB, </span><span style=\"display:inherit;clear:left;\">have implemented significant and recurrent raises of </span><span style=\"display:inherit;clear:left;\">their respective benchmark interest rates. Therefore at </span><span style=\"display:inherit;clear:left;\">31 December 2023, Snam conducted impairment tests on </span><span style=\"display:inherit;clear:left;\">all the primary Cash Generating Units (CGUs), represented </span><span style=\"display:inherit;clear:left;\">by the equity investments held in companies under joint </span><span style=\"display:inherit;clear:left;\">control and associated companies. This was done to </span><span style=\"display:inherit;clear:left;\">verify their recoverability by comparing their book value </span><span style=\"display:inherit;clear:left;\">with their recoverable value, which is represented by the </span><span style=\"display:inherit;clear:left;\">higher of the two between fair value and value in use. The </span><span style=\"display:inherit;clear:left;\">scope of the CGUs represented by the equity investments </span><span style=\"display:inherit;clear:left;\">held in companies under joint control and associates is </span><span style=\"display:inherit;clear:left;\">unchanged from 31 December 2022, with the exception </span><span style=\"display:inherit;clear:left;\">of the SeaCorridor CGU, which is present in relation to the </span><span style=\"display:inherit;clear:left;\">acquisition of 49.9% of the company's capital, completed </span><span style=\"display:inherit;clear:left;\">by Snam in January 2023.</span><span style=\"display:inherit;clear:left;\">In particular<span class=\"_ _1\"></span>, for carr<span class=\"_ _0\"></span>ying out the impairment test, </span><span style=\"display:inherit;clear:left;\">the recoverable value of the equity investments was </span><span style=\"display:inherit;clear:left;\">determined in the configuration of value in use on the </span><span style=\"display:inherit;clear:left;\">basis of the Dividend Discount Model (DDM) or Discounted </span><span style=\"display:inherit;clear:left;\">Cash Flow (DCF) methodology, with the exception of </span><span style=\"display:inherit;clear:left;\">equity in Italgas S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. and Industrie De Nora S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>., </span><span style=\"display:inherit;clear:left;\">associated companies, for which the recoverable value </span><span style=\"display:inherit;clear:left;\">was determined on the basis of market quotations at the </span><span style=\"display:inherit;clear:left;\">closing date of the financial year<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">All tests did not lead to the detection of write-downs/</span><span style=\"display:inherit;clear:left;\">recoveries of value.</span><span style=\"display:inherit;clear:left;\">At 31 December 2023, the Snam group estimated discount </span><span style=\"display:inherit;clear:left;\">rates used in the preparation of impairment tests ranging </span><span style=\"display:inherit;clear:left;\">from 5.96% and 9.14% for the CGUs measured using the </span><span style=\"display:inherit;clear:left;\">DDM (between 5.75% and 8.24% for the year 2022), and </span><span style=\"display:inherit;clear:left;\">between 5.5% and 12.3% for CGUs measured using the DCF </span><span style=\"display:inherit;clear:left;\">method (between 4.97% and 8.44% for the year 2022). </span><span style=\"display:inherit;clear:left;\">With reference to the equity investments held in the </span><span style=\"display:inherit;clear:left;\">Austrian companies T<span class=\"_ _1\"></span>AG and GC<span class=\"_ _0\"></span>A, the current scenario is </span><span style=\"display:inherit;clear:left;\">still characterised by significant uncertainties related not </span><span style=\"display:inherit;clear:left;\">only to the duration and outcome of the Russia-Ukraine </span><span style=\"display:inherit;clear:left;\">conflict, but also to the process of defining the new </span><span style=\"display:inherit;clear:left;\">regulatory framework applicable from 2025.  </span><span style=\"display:inherit;clear:left;\">With regard to the stake held by Snam S.p.A<span class=\"_ _0\"></span>. (84.47%) in </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>AG, the company owning the pipeline that transports </span><span style=\"display:inherit;clear:left;\">Russian gas to Italy, through Austria, via Ukraine, Slovakia </span><span style=\"display:inherit;clear:left;\">and up to the entry point in Tarvisio, the trend already </span><span style=\"display:inherit;clear:left;\">recorded in 2022, i.e. a significant reduction in Russian </span><span style=\"display:inherit;clear:left;\">gas supplies, was confirmed. During 2023, less significant </span><span style=\"display:inherit;clear:left;\">impacts were reported with regard to GCA<span class=\"_ _0\"></span>, also due </span><span style=\"display:inherit;clear:left;\">to existing long-term transport capacity contracts with </span><span style=\"display:inherit;clear:left;\">gradual expiry dates up to 2031; during the year, the </span><span style=\"display:inherit;clear:left;\">company used its interconnection points with Germany to </span><span style=\"display:inherit;clear:left;\">ensure the security of supply in Austria and, at the same </span><span style=\"display:inherit;clear:left;\">time, to guarantee reaching the filling target for domestic </span><span style=\"display:inherit;clear:left;\">storage. </span><span style=\"display:inherit;clear:left;\">As a result of the changed context indicated above, also </span><span style=\"display:inherit;clear:left;\">for the purposes of the Consolidated Financial Statements </span><span style=\"display:inherit;clear:left;\">at 31 December 2022, Snam wrote-down the investments </span><span style=\"display:inherit;clear:left;\">17</span><span style=\"display:inherit;clear:left;\"> and GCA</span><span style=\"display:inherit;clear:left;\">held in the Austrian companies T<span class=\"_ _1\"></span>AG</span><span style=\"display:inherit;clear:left;\">, for \u20ac340 </span><span style=\"display:inherit;clear:left;\">million and \u20ac25 million, respectively. </span><span style=\"display:inherit;clear:left;\">At present, both investee companies are actively </span><span style=\"display:inherit;clear:left;\">continuing their interaction with the Austrian Regulatory </span><span style=\"display:inherit;clear:left;\">Authority, which started in 2023, regarding the definition </span><span style=\"display:inherit;clear:left;\">of the new regulatory framework, which is expected to be </span><span style=\"display:inherit;clear:left;\">finalised by the end of the first half of 2024; although the </span><span style=\"display:inherit;clear:left;\">regulator has been open to eliminating so-called volume </span><span style=\"display:inherit;clear:left;\">risk, there is still a high degree of uncertainty regarding </span><span style=\"display:inherit;clear:left;\">the rules and parameters under which companies will be </span><span style=\"display:inherit;clear:left;\">remunerated from 2025 onwards. In this scenario, the </span><span style=\"display:inherit;clear:left;\">forecasts used to estimate the recoverable amount at 31 </span><span style=\"display:inherit;clear:left;\">December 2023 were prepared.  </span><span style=\"display:inherit;clear:left;\">As a result, Snam, as soon as the new regulator<span class=\"_ _0\"></span>y </span><span style=\"display:inherit;clear:left;\">framework is finalised, with the consequent elimination </span><span style=\"display:inherit;clear:left;\">of the uncertainty surrounding the companies' future </span><span style=\"display:inherit;clear:left;\">remuneration levels, will update its assessments of the </span><span style=\"display:inherit;clear:left;\">recoverable value of the investments held in the Austrian </span><span style=\"display:inherit;clear:left;\">companies.</span><span style=\"display:inherit;clear:left;\">Regarding equity investments, no collateral has been </span><span style=\"display:inherit;clear:left;\">provided except as described in relation to the stake in<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">19</span><span style=\"display:inherit;clear:left;\">TA<span class=\"_ _0\"></span>P</span><span style=\"display:inherit;clear:left;\">. </span><span style=\"display:inherit;clear:left;\">Consolidated companies, companies jointly controlled </span><span style=\"display:inherit;clear:left;\">with other shareholders, associated companies and other </span><span style=\"display:inherit;clear:left;\">significant equity investments are separately listed in </span><span style=\"display:inherit;clear:left;\">the Annex to the notes to the consolidated financial </span><span style=\"display:inherit;clear:left;\">statements \"Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. equity investments at 31 </span><span style=\"display:inherit;clear:left;\">December 2023\", which is an integral part of these notes. </span><span style=\"display:inherit;clear:left;\">In accordance with the requirements of IFRS 12 </span><span style=\"display:inherit;clear:left;\">\"Disclosure of Interests in Other Entities\", the following is </span><span style=\"display:inherit;clear:left;\">a summary of the financial data of companies under joint </span><span style=\"display:inherit;clear:left;\">control and associated companies for the years ended 31 </span><span style=\"display:inherit;clear:left;\">December 2022 and 31 December 2023.</span><span style=\"display:inherit;clear:left;\">17 <span class=\"_ _94\"> </span>Given the significant uncertainties present, the recoverable amount of </span><span style=\"display:inherit;clear:left;\">the investment in T<span class=\"_ _c\"></span>AG, at 31 December 2022, was determined based </span><span style=\"display:inherit;clear:left;\">on a multi-scenario approach, attributing a probability of occurrence </span><span style=\"display:inherit;clear:left;\">to each of the scenarios considered and multiplying the value in use </span><span style=\"display:inherit;clear:left;\">emerging from each of the scenarios considered by the probability of </span><span style=\"display:inherit;clear:left;\">occurrence attributed to them.</span><span style=\"display:inherit;clear:left;\">18 <span class=\"_ _94\"> </span>The write-down concerned the investment held by Snam in AS </span><span style=\"display:inherit;clear:left;\">Gasinfrastruktur Beteiligung GmbH (a company through which it </span><span style=\"display:inherit;clear:left;\">indirectly holds an interest in GCA - Gas Connect Austria). </span><span style=\"display:inherit;clear:left;\">19 <span class=\"_ _94\"> </span>For further information, please refer to Note 26.1.1 \u201cGuarantee </span><span style=\"display:inherit;clear:left;\">provided on behalf of the associate T<span class=\"_ _c\"></span>AP\u201d.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__57": {
   "value": "<span style=\"display:inherit;clear:left;\">10.1 <span class=\"_ _85\"> </span>Equity investments in companies under joint control</span><span style=\"display:inherit;clear:left;\">The economic and financial data for each company under joint control deemed significant, referring to the IFRS-compliant </span><span style=\"display:inherit;clear:left;\">20</span><span style=\"display:inherit;clear:left;\">financial statement values of the investee companies</span><span style=\"display:inherit;clear:left;\">, are reported below: </span><span style=\"display:inherit;clear:left;position:relative;height:869.88671875px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 516.234px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 381.078px; top: 26.3359px; width: 89.8359px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">er\u00e9ga Holding </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 506.812px; top: 26.3359px; width: 78.8203px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rans Austria </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 604.625px; top: 26.3359px; width: 117.27px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">AS Gasinfrastruktur </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 33.0859px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 435.266px; top: 39.8359px; width: 32.6016px; white-space: pre; word-spacing: -0.12px; letter-spacing: 0.12px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">S.A</span><span style=\"word-spacing: -0.12px; letter-spacing: 0.12px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.S.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 482.891px; top: 39.8359px; width: 99.4453px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Gasleitung GmbH</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 614.844px; top: 39.8359px; width: 104.232px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Beteiligung GmbH</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.7324px; width: 718.811px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 375.919px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">72</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.3301px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">124</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0449px; width: 718.629px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which cash and cash equivalents</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 264.738px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">72</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.227px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">53</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.357px; width: 719.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-current assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 335.103px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,051</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,095</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.139px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">571</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.67px; width: 721.77px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 371.83px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,123 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,219 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">573 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 171.998px; width: 718.811px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 346.67px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(135)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(135)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.459px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.311px; width: 718.922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which current financial liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 249.176px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(121)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.879px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(32)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.459px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 224.623px; width: 718.74px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-current liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 312.346px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2,008)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(396)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 108.023px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(276)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 250.936px; width: 719.057px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which non-current financial liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 216.24px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,704)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(261)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 114.656px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(33)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 277.248px; width: 719.197px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 347.397px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2,143)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 85.7168px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(531)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 108.023px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(279)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 303.576px; width: 721.828px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL NET ASSETS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 340.611px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">980 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.4239px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">688 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">294 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 329.889px; width: 719.145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity investment held b</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y Snam Group % (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.316px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40.50%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.1739px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">89.22%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40.00%</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 356.201px; width: 721.594px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal net assets attributable to the Snam Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 188.912px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">397 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.8926px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">614 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">118 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 382.514px; width: 470.654px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Goodwill and other adjustments of the Snam Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.951px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 408.842px; width: 718.951px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Reductions/increases in value</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 394.166px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(340)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 114.656px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(25)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 435.154px; width: 721.658px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">INVESTMENTS AC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">COUNTED FOR USING THE E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">QUIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Y METHOD</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 102.293px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">398 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.4239px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">274 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.467px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">93 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 461.467px; width: 585.621px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Operating revenues and income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 273.803px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">468 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.8926px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">447 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 487.779px; width: 582.557px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other operating costs and expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 243.92px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(170)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(286)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 514.092px; width: 582.902px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation and impairment losses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 244.857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(109)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.4864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(63)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 540.42px; width: 585.674px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Operating profit</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 355.365px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">189 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 98.5312px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">98 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 566.732px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 622.114px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 593.045px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 345.264px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(32)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.4864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(10)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.459px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(7)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 619.357px; width: 314.795px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Share of profit or loss of investments acc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ounted for using </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 704.828px; top: 626.123px; width: 14.5488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(4)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 632.857px; width: 101.285px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">the equity method</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 659.186px; width: 582.762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Income tax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 375.262px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(39)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.4864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(23)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 685.514px; width: 718.74px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">PROFIT FOR THE YEAR</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 320.719px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">118 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 98.5312px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">65 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 111.346px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(10)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 711.826px; width: 245.051px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other components of comprehensiv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e income</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 738.139px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OMPREHENSIVE INCOME ST</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TEMENT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 188.912px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">118 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 98.5312px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">65 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 111.346px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(10)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 764.451px; width: 719.145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity investment held b</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y Snam Group % (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.316px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40.50%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.1739px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">89.22%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40.00%</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 790.764px; width: 719.139px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal comprehensive income held by Snam</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 223.799px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">48 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 98.5312px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">58 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.086px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 817.092px; width: 320.631px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">SHARE OF TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL PR</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OFIT OF INVESTMENTS ACC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OUNTED </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 454.672px; top: 823.842px; width: 264.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">48 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 98.5312px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">58 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 118.365px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 830.592px; width: 186.996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FOR USING THE E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">QUIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Y METHOD</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 860.895px; width: 507.662px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)  The shareholding in Trans A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ustria Gasleitung GmbH is accounted for according t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o the percentage of economic rights held.</span></span></span><span style=\"display:inherit;clear:left;\">20 <span class=\"_ _94\"> </span>It should be noted that, unless otherwise indicated, the financial statement values of companies under joint control, reported at 100%, have been </span><span style=\"display:inherit;clear:left;\">supplemented to reflect the adjustments made by the parent company in application of the equity method valuation criterion. These figures refer to </span><span style=\"display:inherit;clear:left;\">preliminary and/or approved reporting packages.</span><span style=\"display:inherit;clear:left;position:relative;height:909.69921875px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 479.062px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 305.156px; top: 26.3359px; width: 89.8359px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">er\u00e9ga Holding </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 430.5px; top: 26.3359px; width: 78.8203px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rans Austria </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 519.953px; top: 26.3359px; width: 117.27px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">AS Gasinfrastruktur </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 652.422px; top: 26.3359px; width: 69.123px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">SeaCorridor </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 33.0703px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 359.281px; top: 39.8359px; width: 32.6016px; white-space: pre; word-spacing: -0.12px; letter-spacing: 0.12px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">S.A</span><span style=\"word-spacing: -0.12px; letter-spacing: 0.12px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.S.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 407.484px; top: 39.8359px; width: 99.4453px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Gasleitung GmbH</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 529.734px; top: 39.8359px; width: 104.232px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Beteiligung GmbH</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 695.812px; top: 39.8359px; width: 22.7344px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">S.r</span><span style=\"word-spacing: 0.24px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.l</span><span style=\"word-spacing: 0.24px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.7168px; width: 718.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 292.781px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">207</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 100.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">82</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 107.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">161</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">164</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0293px; width: 718.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which cash and cash equivalents</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 188.397px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">98</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.227px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">22</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.971px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">104</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.342px; width: 718.629px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-current assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 258.129px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,094</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 85.1659px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 107.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">392</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">547</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.67px; width: 721.723px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 295.072px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,301 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,106 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.846px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">553 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">711 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 171.982px; width: 718.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 269.602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(140)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.4864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(82)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(54)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.295px; width: 633.809px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which current financial liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 179.168px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(21)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 100.752px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 224.607px; width: 718.98px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-current liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 235.5px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2,100)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(387)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(271)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.9199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(16)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 250.92px; width: 633.961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which non-current financial liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 139.605px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,790)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(246)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.195px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(27)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 277.248px; width: 718.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 270.598px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2,254)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(469)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(274)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(70)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 303.561px; width: 721.764px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL NET ASSETS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 254.391px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,061 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.9259px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">637 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.402px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">279 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">641 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 329.873px; width: 718.945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity investment held b</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y Snam Group % (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40.50%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">89.22%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40.00%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">49.90%</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 356.186px; width: 721.682px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal net assets attributable to the Snam Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">430 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">568 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.402px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">112 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">320 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 382.514px; width: 721.729px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Goodwill and other adjustments of the Snam Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 419.49px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">328 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 408.826px; width: 506.572px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Reductions/increases in value</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 317.76px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(340)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 435.139px; width: 249.17px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">INVESTMENTS AC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">COUNTED FOR USING THE </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 371.031px; top: 441.889px; width: 350.408px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">430 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.4239px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">228 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.402px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">112 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">648 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 448.639px; width: 96.9141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">EQUITY METHOD</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 474.967px; width: 721.711px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Operating revenues and income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.508px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">474 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">410 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.773px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">456 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 501.279px; width: 719.115px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other operating costs and expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 167.42px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(175)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(407)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 191.742px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(41)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 527.592px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation and impairment losses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 168.322px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(111)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.4864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(64)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 191.291px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(23)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 553.92px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Operating profit</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 279.317px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">188 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.9531px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(61)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 192.129px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">392</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 580.232px; width: 718.98px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 409.384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 120.574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 606.545px; width: 718.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 269.074px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(29)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.7147px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(7)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.9199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(12)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 632.857px; width: 263.807px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Share of profit or loss of investments acc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ounted </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 620.953px; top: 639.623px; width: 98.6484px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">38</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 646.357px; width: 152.273px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for using the equity method</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 672.686px; width: 719.016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Income tax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 298.588px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(41)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.227px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">16</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 184.881px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(303)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 699.014px; width: 718.928px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">PROFIT FOR THE YEAR</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 244.453px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">118 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.9531px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(51)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.971px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">48</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">124</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 725.326px; width: 391.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other components of comprehensiv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 125.268px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(11)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 751.639px; width: 718.91px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OMPREHENSIVE INCOME ST</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TEMENT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 112.23px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">107 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.5509px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(51)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.971px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">48</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">124</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 777.951px; width: 718.945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity investment held b</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y Snam Group % (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40.50%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">89.22%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40.00%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">49.90%</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 804.264px; width: 722.039px; white-space: pre; word-spacing: 0px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal comprehensive income held by Snam</span><span style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: 0px; width: 161.543px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">43 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.5509px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(46)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.971px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">62 </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 830.592px; width: 719.309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other Snam Group adjustments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 532.95px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 856.904px; width: 245.859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">SHARE OF TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL PR</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OFIT OF INVESTMENTS </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 378.062px; top: 863.654px; width: 343.465px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">43 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.9531px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(46)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.971px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.4784px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">54 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 870.404px; width: 261.773px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">AC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">COUNTED FOR USING THE E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">QUIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Y METHOD</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 900.707px; width: 511.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)    The shareholding in Trans A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ustria Gasleitung GmbH is accounted for according t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o the percentage of economic rights held.</span></span></span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>er\u00e9ga Holding S.A.S.</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>er\u00e9ga Holding S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.S<span class=\"_ _0\"></span>. is a company operating under French </span><span style=\"display:inherit;clear:left;\">law which controls T<span class=\"_ _1\"></span>er\u00e9ga S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. and T<span class=\"_ _c\"></span>er\u00e9ga Solutions S.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.S<span class=\"_ _0\"></span>., </span><span style=\"display:inherit;clear:left;\">through T<span class=\"_ _1\"></span>er\u00e9ga S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.S<span class=\"_ _0\"></span>., wholly owned by T<span class=\"_ _c\"></span>er\u00e9ga Holding </span><span style=\"display:inherit;clear:left;\">S.A.S.</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>er\u00e9ga S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. is engaged in the transportation and storage </span><span style=\"display:inherit;clear:left;\">of natural gas in the South West of F<span class=\"_ _c\"></span>rance. Natural gas </span><span style=\"display:inherit;clear:left;\">transportation and storage activities in France are subject </span><span style=\"display:inherit;clear:left;\">to regulation.</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>er\u00e9ga Solutions S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.S<span class=\"_ _0\"></span>. is a company engaged in non-</span><span style=\"display:inherit;clear:left;\">regulated activities, with a focus on developing solutions </span><span style=\"display:inherit;clear:left;\">that facilitate the transition to renewable energy: </span><span style=\"display:inherit;clear:left;\">biomethane, hydrogen, multi-energy and digital.</span><span style=\"display:inherit;clear:left;\">As of 31 December 2023, T<span class=\"_ _c\"></span>er\u00e9ga Holding S.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.S<span class=\"_ _0\"></span>. was owned </span><span style=\"display:inherit;clear:left;\">by Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.   (40.5%), Raffles Infra Holdings Limited </span><span style=\"display:inherit;clear:left;\">(GIC) (31.5%), Ouestgaz S.A<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>S. (EDF) (18%), Pr\u00e9voyance </span><span style=\"display:inherit;clear:left;\">Dialogue du Cr\u00e9dit Agricole SA   (9%) and Cr\u00e9dit Agricole </span><span style=\"display:inherit;clear:left;\">Assurances Retraite SA (1%). </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>er\u00e9ga Holding S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.S<span class=\"_ _0\"></span>.\u2019s Consolidated Financial Statements </span><span style=\"display:inherit;clear:left;\">include T<span class=\"_ _1\"></span>er\u00e9ga Holding S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.S<span class=\"_ _0\"></span>., T<span class=\"_ _c\"></span>er\u00e9ga S.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.S<span class=\"_ _0\"></span>, T<span class=\"_ _1\"></span>er\u00e9ga S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. and </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>er\u00e9ga Solutions S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.S<span class=\"_ _0\"></span>.</span><span style=\"display:inherit;clear:left;\">Corporate governance regulations stipulate that decisions </span><span style=\"display:inherit;clear:left;\">on certain matters of significant interest to the company </span><span style=\"display:inherit;clear:left;\">require the affirmative vote of both Snam and GIC </span><span style=\"display:inherit;clear:left;\">shareholders.</span><span style=\"display:inherit;clear:left;\">The interest payment to shareholders on the nominal value </span><span style=\"display:inherit;clear:left;\">of the \u20ac470 million convertible debenture loan (of which </span><span style=\"display:inherit;clear:left;\">Snam has subscribed \u20ac190 million) can be deferred at the </span><span style=\"display:inherit;clear:left;\">discretion of the issuer<span class=\"_ _1\"></span>, Ter\u00e9ga S.A<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>S.</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>rans Austria Gasleitung Gmbh (T<span class=\"_ _11\"></span>AG) </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>rans Austria Gasleitung GmbH (T<span class=\"_ _c\"></span>AG) is a company </span><span style=\"display:inherit;clear:left;\">governed by Austrian law, specializing in the transportation </span><span style=\"display:inherit;clear:left;\">of natural gas. It owns the gas pipeline that connects the </span><span style=\"display:inherit;clear:left;\">Slovakian-Austrian border to the T<span class=\"_ _c\"></span>arvisio entr<span class=\"_ _0\"></span>y point in Italy.</span><span style=\"display:inherit;clear:left;\">Natural gas transportation in Austria is a regulated activity. </span><span style=\"display:inherit;clear:left;\">At 31 December 2023, Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. held 84.47% of the </span><span style=\"display:inherit;clear:left;\">share capital, entitling it to 89.22% of the economic rights. </span><span style=\"display:inherit;clear:left;\">The remainder of the share capital (15.53%) is held by Gas </span><span style=\"display:inherit;clear:left;\">Connect Austria GmbH (GCA).</span><span style=\"display:inherit;clear:left;\">The contractual agreements established between </span><span style=\"display:inherit;clear:left;\">Snam, T<span class=\"_ _1\"></span>AG and GC<span class=\"_ _0\"></span>A also dictate that, in certain specific </span><span style=\"display:inherit;clear:left;\">circumstances, if T<span class=\"_ _1\"></span>AG is unable to self-finance, the other </span><span style=\"display:inherit;clear:left;\">companies are obliged to provide financial support in </span><span style=\"display:inherit;clear:left;\">accordance with the proportion of equity investment held </span><span style=\"display:inherit;clear:left;\">by each shareholder<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">Corporate governance regulations stipulate that </span><span style=\"display:inherit;clear:left;\">decisions regarding certain significant activities must </span><span style=\"display:inherit;clear:left;\">be unanimously agreed upon by all members of the </span><span style=\"display:inherit;clear:left;\">Supervisor<span class=\"_ _0\"></span>y Board. This board comprises representatives </span><span style=\"display:inherit;clear:left;\">from Snam and GCA<span class=\"_ _0\"></span>, as well as employee representatives, </span><span style=\"display:inherit;clear:left;\">as mandated by Austrian law.</span><span style=\"display:inherit;clear:left;\">AS Gasinfrastruktur Beteiligung GmbH</span><span style=\"display:inherit;clear:left;\">AS Gasinfrastruktur Beteiligung GmbH is an Austrian firm </span><span style=\"display:inherit;clear:left;\">jointly controlled by Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. and the Allianz Group, </span><span style=\"display:inherit;clear:left;\">holding stakes of 40% and 60% respectively.</span><span style=\"display:inherit;clear:left;\">The company fully owns the Austrian firm, AS </span><span style=\"display:inherit;clear:left;\">Gasinfrastruktur GmbH, which itself holds a 49% stake in </span><span style=\"display:inherit;clear:left;\">Gas Connect Austria GmbH (GCA). The majority control of </span><span style=\"display:inherit;clear:left;\">GCA<span class=\"_ _0\"></span>, at 51%, is held by Verbund.</span><span style=\"display:inherit;clear:left;\">The corporate governance regulations of AS </span><span style=\"display:inherit;clear:left;\">Gasinfrastruktur Beteiligung GmbH dictate that decisions at </span><span style=\"display:inherit;clear:left;\">the management level must be made by a simple majority, </span><span style=\"display:inherit;clear:left;\">requiring the affirmative vote of a Managing Director from </span><span style=\"display:inherit;clear:left;\">both Snam and Allianz.</span><span style=\"display:inherit;clear:left;\">SeaCorridor S.r<span class=\"_ _1\"></span>.l.</span><span style=\"display:inherit;clear:left;\">SeaCorridor<span class=\"_ _1\"></span>, is the Italian joint venture established on 10 </span><span style=\"display:inherit;clear:left;\">January 2023 by Snam S<span class=\"_ _0\"></span>.p.<span class=\"_ _0\"></span>A and Eni, which hold 49.9% and </span><span style=\"display:inherit;clear:left;\">50.1% of the share capital respectively. </span><span style=\"display:inherit;clear:left;\">At 31 December 2023, Eni and Snam exercised joint </span><span style=\"display:inherit;clear:left;\">control over SeaCorridor<span class=\"_ _1\"></span>, based on the principles of equal </span><span style=\"display:inherit;clear:left;\">governance.</span><span style=\"display:inherit;clear:left;\">The operation has made it possible to synergistically </span><span style=\"display:inherit;clear:left;\">value respective competences on a strategic route for the </span><span style=\"display:inherit;clear:left;\">security of natural gas supply in Italy, favouring potential </span><span style=\"display:inherit;clear:left;\">development initiatives in the hydrogen value chain also </span><span style=\"display:inherit;clear:left;\">thanks to the natural resources of North Africa.</span><span style=\"display:inherit;clear:left;\">The company manages the two groups of international gas </span><span style=\"display:inherit;clear:left;\">pipelines that connect Algeria to Italy, in particular:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">the trans-<span class=\"_ _c\"></span>Tunisian onshore gas pipeline which extends<span class=\"_ _c\"></span> </span></span><span style=\"display:inherit;clear:left;\">from the border between Algeria and Tunisia to the<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">Tunisian coast with reference to which TTPC (a company </span><span style=\"display:inherit;clear:left;\">100% controlled by SeaCorridor) holds the exclusive </span><span style=\"display:inherit;clear:left;\">transport rights under contracts originally signed with </span><span style=\"display:inherit;clear:left;\">the Tunisian state in 1977 and renewed from time to<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">time);</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ws1\">the offshore gas pipeline that crosses the Sicily Channel </span></span><span style=\"display:inherit;clear:left;\">connecting the Tunisian coast to Italy<span class=\"_ _c\"></span>, whose ownership </span><span style=\"display:inherit;clear:left;\">is held by TMPC (a company jointly controlled by </span><span style=\"display:inherit;clear:left;\">SeaCorridor - which holds 50% - and the Algerian state </span><span style=\"display:inherit;clear:left;\">oil company Sonatrach).</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__58": {
   "value": "<span style=\"display:inherit;clear:left;\">10.2 <span class=\"_ _85\"> </span>Equity investments in associates</span><span style=\"display:inherit;clear:left;\">The economic and financial data for equity investments in associates deemed significant, referring to the IFRS-compliant </span><span style=\"display:inherit;clear:left;\">21</span><span style=\"display:inherit;clear:left;\">financial statement values of the investee companies</span><span style=\"display:inherit;clear:left;\">, are shown below:  </span><span style=\"display:inherit;clear:left;position:relative;height:803.740234375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 474.203px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 680.219px; top: 26.3359px; width: 41.9883px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Galax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 339.438px; top: 33.0703px; width: 33.9023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rans </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 502.281px; top: 33.0859px; width: 53.6309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Senfluga </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 671.938px; top: 39.8359px; width: 49.6699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Pipeline </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 324.906px; top: 46.5703px; width: 48.7441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Adriatic </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 513.141px; top: 46.5859px; width: 42.9844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 569.922px; top: 46.5859px; width: 88.3125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Interc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">onnector </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.3203px; width: 85.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 381.031px; top: 53.3359px; width: 73.6641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Italgas S.p</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 680.219px; top: 53.3359px; width: 41.332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assets </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 298.266px; top: 60.0703px; width: 75.5332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Pipeline A.G. </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 472.844px; top: 60.0859px; width: 84.2578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Infrastructure </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 613.141px; top: 60.0859px; width: 43.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Limited</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 676.938px; top: 66.8359px; width: 45.0762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">HoldCo </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 339.438px; top: 73.5703px; width: 30.4219px; white-space: pre; word-spacing: 0.984px; letter-spacing: -0.984px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(</span><span style=\"word-spacing: 0.984px; letter-spacing: -0.984px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TA</span><span style=\"word-spacing: 0.984px; letter-spacing: -0.984px; display: inline-block; margin-left: 0px; width: 0.884767px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">P</span><span style=\"word-spacing: 0.984px; letter-spacing: -0.984px; display: inline-block; margin-left: 0px; width: 0.884767px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 483.062px; top: 73.5859px; width: 72.9141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Holding S.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 675.391px; top: 80.3359px; width: 46.5059px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Limited </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 107.217px; width: 718.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.688px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">892</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,862</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">358</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">267</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">198</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 133.529px; width: 718.629px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-current assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 237.428px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,615</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,138</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">904</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">154</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5859px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7,208</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.842px; width: 718.934px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 275.719px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5,507</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11,000</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.9784px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,262</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">421</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5859px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7,406</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 186.17px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 248.326px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(546)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,421)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(256)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(152)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7324px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(47)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 212.482px; width: 718.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-current liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 214.647px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3,168)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(7,176)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(435)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(172)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.9863px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(6,827)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.795px; width: 719.191px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 250.933px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3,714)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,597)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(691)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(324)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.5117px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(6,874)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 265.107px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL NET ASSETS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 232.635px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,793</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,403</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">571</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">97</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">532</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 291.436px; width: 654.85px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to third parties</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 283.764px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">282</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 76.8517px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">259</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 317.748px; width: 719.033px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to the sharehol</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ders of the investee </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4531px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,793</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,121</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">312</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">96</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">532</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 344.061px; width: 718.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity investment held b</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y Snam Group % (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 108.404px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13.49%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">54%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23.68%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.6973px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12.327%</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 370.373px; width: 718.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal net assets attributable to the Snam Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">359</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">285</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">168</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">66</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 396.686px; width: 718.887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Goodwill and other adjustments of the Snam Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">91</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.688px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">86</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 423.014px; width: 655.178px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Reductions/increases in value</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 473.134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(25)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 449.326px; width: 249.17px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">INVESTMENTS AC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">COUNTED FOR USING THE </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 351.266px; top: 456.076px; width: 369.129px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">450</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">285</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">168</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">84</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">71</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 462.826px; width: 96.9141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">EQUITY METHOD</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 489.154px; width: 655.324px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Revenues</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 297.135px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">874</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,279</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">324</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">197</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 515.467px; width: 718.939px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Operating profit</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 260.918px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">653</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,117</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">121</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">104</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 541.779px; width: 719.191px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET RESUL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.5969px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 282.621px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">298</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">436</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.9591px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">82</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">83</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.5117px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,203)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 568.107px; width: 719.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other components of comprehensiv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.895px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">399</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">52</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.9591px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 145.94px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">174</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 594.42px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OMPREHENSIVE INCOME ST</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TEMENT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.9259px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">697</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">488</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">103</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">83</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.8262px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,029)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 620.732px; width: 552.908px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to third parties</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 290.303px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.9591px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">33</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 647.045px; width: 719.209px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to the sharehol</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ders of the investee </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.8926px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">697</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">461</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">70</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">83</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.4961px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,029)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 673.373px; width: 719.238px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OMPREHENSIVE INCOME OF THE GROUP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.621px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">697</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">488</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">103</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">83</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.5117px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,029)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 699.686px; width: 718.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity investment held b</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y Snam Group % (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 108.404px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13.49%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">54%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23.68%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.6973px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12.327%</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 725.998px; width: 718.852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal comprehensive income of the Snam Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.5252px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">139</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">61</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">38</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(127)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 752.311px; width: 655.184px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other Snam Group adjustments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 468.825px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(6)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 778.623px; width: 245.859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">SHARE OF TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL PR</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OFIT OF INVESTMENTS </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 351.266px; top: 785.389px; width: 369.082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">139</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">61</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">38</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(127)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 792.123px; width: 261.773px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">AC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">COUNTED FOR USING THE E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">QUIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Y METHOD</span></span></span><span style=\"display:inherit;clear:left;\">21 <span class=\"_ _94\"> </span>It should be noted that the financial statement values of associated companies, reported at 100%, have been adjusted to reflect the adjustments made </span><span style=\"display:inherit;clear:left;\">by the parent company in application of the equity method valuation criterion. These figures refer to preliminary and/or approved reporting packages.  </span><span style=\"display:inherit;clear:left;position:relative;height:964.16796875px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 463.234px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 632.172px; top: 26.3359px; width: 41.9883px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Galax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 293.328px; top: 33.0859px; width: 33.9023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rans </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 456.359px; top: 33.1016px; width: 53.6309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Senfluga </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 625.281px; top: 39.8359px; width: 49.6699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Pipeline </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 688.844px; top: 39.8359px; width: 54.7441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Industrie </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 277px; top: 46.5859px; width: 48.7441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Adriatic </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 467.219px; top: 46.6016px; width: 42.9844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 523.188px; top: 46.6016px; width: 88.3125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Interc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">onnector </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.3203px; width: 85.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 333.797px; top: 53.3359px; width: 73.6641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Italgas S.p</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 633.375px; top: 53.3359px; width: 41.332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assets </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 694.312px; top: 53.3359px; width: 49.6699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">De Nora </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 251.719px; top: 60.0859px; width: 75.5332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Pipeline A.G. </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 424.656px; top: 60.1016px; width: 84.2578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Infrastructure </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 564.625px; top: 60.1016px; width: 43.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Limited</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 629.859px; top: 66.8359px; width: 45.0762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">HoldCo </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 690.266px; top: 66.8359px; width: 49.5996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. (*)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 291.469px; top: 73.5859px; width: 30.4219px; white-space: pre; word-spacing: 0.984px; letter-spacing: -0.984px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(</span><span style=\"word-spacing: 0.984px; letter-spacing: -0.984px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TA</span><span style=\"word-spacing: 0.984px; letter-spacing: -0.984px; display: inline-block; margin-left: 0px; width: 0.884767px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">P</span><span style=\"word-spacing: 0.984px; letter-spacing: -0.984px; display: inline-block; margin-left: 0px; width: 0.884767px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 436.391px; top: 73.6016px; width: 72.9141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Holding S.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 628.453px; top: 80.3359px; width: 46.5059px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Limited </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 107.217px; width: 740.133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 224.473px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">643</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,243</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">403</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">226</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">193</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">688</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 133.545px; width: 740.221px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-current assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 190.559px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,314</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,903</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,064</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">132</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5859px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7,131</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">609</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.857px; width: 740.268px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 228.744px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,957</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11,146</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.9784px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,467</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">358</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.0938px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7,324</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,297</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 186.17px; width: 740.139px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 201.504px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(489)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,807)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(242)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(81)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(44)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1482px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(162)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 212.482px; width: 740.18px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-current liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 167.42px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2,905)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(6,700)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(558)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(239)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.9863px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(6,254)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1482px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(230)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.811px; width: 740.15px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.188px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3,394)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,507)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(800)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(320)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.5117px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(6,298)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(392)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 265.123px; width: 740.039px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL NET ASSETS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 186.223px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,563</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,639</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">667</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">38</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.0938px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,026</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">905</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 291.436px; width: 739.945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to third parties</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 236.754px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">319</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">284</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.822px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 317.748px; width: 177.24px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to the sharehol</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ders </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 293.328px; top: 324.514px; width: 446.525px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,563</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,320</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">383</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">37</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.125px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,026</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">899</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 331.248px; width: 86.0801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">  of the investee </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 357.576px; width: 739.928px; white-space: pre; word-spacing: 0px; letter-spacing: -0.12px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity investment held b</span><span style=\"word-spacing: 0px; letter-spacing: -0.12px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y Snam Group % (*)</span><span style=\"word-spacing: 0px; letter-spacing: -0.12px; display: inline-block; margin-left: 0px; width: 66.5918px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">20%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13.473%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.2772px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">54%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23.68%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 16.1016px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12.327%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.8828px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21.59%</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 383.889px; width: 224.801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal net assets attributable to the Snam </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 303.312px; top: 390.654px; width: 436.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">313</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">313</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">207</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">126</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">194</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 397.389px; width: 33.7324px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Group</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 423.717px; width: 177.146px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Goodwill and other adjustments </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 310.25px; top: 430.482px; width: 430.031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">91</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.688px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">84</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">182</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 437.217px; width: 102.018px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of the Snam Group</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 463.545px; width: 608.068px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Reductions/increases in value</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 426.022px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(25)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 489.873px; width: 223.764px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">INVESTMENTS AC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">COUNTED FOR USING </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 303.312px; top: 496.623px; width: 437.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">404</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">313</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">207</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">68</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">131</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">376</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 503.373px; width: 122.32px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">THE EQUITY METHOD</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 529.701px; width: 740.162px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Revenues</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 250.318px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">837</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,637</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">589</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">151</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 111.346px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">658</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 556.014px; width: 740.268px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Operating profit</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 214.125px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">501</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">681</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">212</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">76</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 118.365px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">97</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 582.326px; width: 739.863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">NET RESUL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.5969px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 236.145px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">329</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">464</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">152</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">55</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">776</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">199</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 608.639px; width: 205.424px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other components of comprehensiv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 296.266px; top: 615.404px; width: 444.486px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(122)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(16)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 76.377px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(13)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 144.703px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(42)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(16)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 622.139px; width: 39.627px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 648.467px; width: 191.514px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OMPREHENSIVE INCOME </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 303.312px; top: 655.232px; width: 437.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">207</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">448</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">139</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">55</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">734</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">183</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 661.967px; width: 67.6523px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">ST</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TEMENT</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 688.295px; width: 740.232px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to third parties</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 243.176px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">52</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 227.191px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 714.623px; width: 177.24px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- attributable to the sharehol</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ders </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 303.312px; top: 721.373px; width: 437.033px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">207</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">421</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.9591px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">87</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">55</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">734</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">182</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 728.123px; width: 86.0801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">  of the investee </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 754.451px; width: 235.711px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OMPREHENSIVE INCOME OF THE </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 303.312px; top: 761.201px; width: 437.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">207</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">448</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">139</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">55</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">734</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">183</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 767.951px; width: 41.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">GROUP</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 794.279px; width: 739.928px; white-space: pre; word-spacing: 0px; letter-spacing: -0.12px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity investment held b</span><span style=\"word-spacing: 0px; letter-spacing: -0.12px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y Snam Group % (*)</span><span style=\"word-spacing: 0px; letter-spacing: -0.12px; display: inline-block; margin-left: 0px; width: 66.5918px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">20%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13.473%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.2772px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">54%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23.68%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 16.1016px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12.327%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.8828px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21.59%</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 820.592px; width: 226.482px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal comprehensive income of the Snam </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 310.25px; top: 827.342px; width: 430.043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">41</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">57</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.9591px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">47</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">90</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 834.092px; width: 33.7324px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Group</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 860.42px; width: 608.309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other Snam Group adjustments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 421.95px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 886.732px; width: 143.279px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">SHARE OF TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL PR</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OFIT </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 900.232px; width: 177.791px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">OF INVESTMENTS AC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">COUNTED </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 310.25px; top: 900.232px; width: 430.207px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">41</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">57</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">47</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">90</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 913.732px; width: 186.996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FOR USING THE E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">QUIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Y METHOD</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 943.926px; width: 719.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)   The relevant economic</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-financial figures refer to the reporting package at 30 September 2023. The adjustment of the financial statement values at 31 December 2023 will be </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 16.4844px; top: 955.176px; width: 107.977px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">implemented during 2024.</span></span></span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>rans Adriatic <span class=\"_ _0\"></span>Pipeline A.G. <span class=\"_ _0\"></span>(T<span class=\"_ _1\"></span>AP) </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>rans Adriatic Pipeline A<span class=\"_ _0\"></span>.G. Trans Adriatic Pipeline A.G. </span><span style=\"display:inherit;clear:left;\">(T<span class=\"_ _c\"></span>AP) is a Swiss company established with the purpose of </span><span style=\"display:inherit;clear:left;\">designing, developing, constructing, and operating a gas </span><span style=\"display:inherit;clear:left;\">pipeline from the Greek-<span class=\"_ _1\"></span>Turkish border to Italy, specifically </span><span style=\"display:inherit;clear:left;\">to the entry point in San Foca-Melendugno, traversing </span><span style=\"display:inherit;clear:left;\">through Greece and Albania. The construction of the </span><span style=\"display:inherit;clear:left;\">pipeline has been successfully completed, and the asset has </span><span style=\"display:inherit;clear:left;\">been commercially operational since 15 November 2020.</span><span style=\"display:inherit;clear:left;\">At 31 December 2023, T<span class=\"_ _1\"></span>AP was owned by Snam </span><span style=\"display:inherit;clear:left;\">International B.<span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>. (20%), by AzTAP GmbH (20%), by BP </span><span style=\"display:inherit;clear:left;\">Pipelines T<span class=\"_ _1\"></span>AP Limited (20%), by Fluxys Europe B.<span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>. (20%) </span><span style=\"display:inherit;clear:left;\">and by Enag\u00e1s Internacional S.L<span class=\"_ _0\"></span>.U. (20%).</span><span style=\"display:inherit;clear:left;\">Under the existing corporate governance regulations, none </span><span style=\"display:inherit;clear:left;\">of T<span class=\"_ _1\"></span>AP\u2019s shareholders have the ability to exert control over </span><span style=\"display:inherit;clear:left;\">the company, even jointly<span class=\"_ _c\"></span>.</span><span style=\"display:inherit;clear:left;\">Italgas S.p.A. </span><span style=\"display:inherit;clear:left;\">Italgas S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. is an Italian company that controls 100% of </span><span style=\"display:inherit;clear:left;\">Italgas Reti S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>., 67.22% of Geoside S.r.l., 100% of Bludigit </span><span style=\"display:inherit;clear:left;\">S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>., 90% of Italgas Newco S.r.l. and 100% of Nepta </span><span style=\"display:inherit;clear:left;\">S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>., companies active in the distribution of natural gas </span><span style=\"display:inherit;clear:left;\">throughout Italy, energy efficiency, IT services and water </span><span style=\"display:inherit;clear:left;\">service management in five municipalities in Campania.</span><span style=\"display:inherit;clear:left;\">At 31 December 2023, Italgas S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. was owned by Snam </span><span style=\"display:inherit;clear:left;\">(13.47%) and by C.D.P<span class=\"_ _1\"></span>. Reti S.r<span class=\"_ _c\"></span>.l. (25.99%), while the </span><span style=\"display:inherit;clear:left;\">remainder was held by third-party shareholders.</span><span style=\"display:inherit;clear:left;\">On 7 November 2016, the effective date of the unbundling </span><span style=\"display:inherit;clear:left;\">from Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. of the natural gas distribution business, </span><span style=\"display:inherit;clear:left;\">the shareholders' agreement signed on 20 October </span><span style=\"display:inherit;clear:left;\">2016 between the Company, CDP Reti S.p.A<span class=\"_ _0\"></span>. and CDP </span><span style=\"display:inherit;clear:left;\">Gas S.r<span class=\"_ _c\"></span>.l., concerning all the shares held by each of them </span><span style=\"display:inherit;clear:left;\">in Italgas S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>., became effective.  Transfers of Snam<span class=\"_ _c\"></span>'s </span><span style=\"display:inherit;clear:left;\">equity interest in Italgas S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. are subject to CDP Reti's </span><span style=\"display:inherit;clear:left;\">discretionary approval and pre-emption, as well as to the </span><span style=\"display:inherit;clear:left;\">third-party takeover obligation. In addition, Snam may not </span><span style=\"display:inherit;clear:left;\">increase its equity investment. The agreement is for three </span><span style=\"display:inherit;clear:left;\">years and is automatically renewable for subsequent three-</span><span style=\"display:inherit;clear:left;\">year periods, unless terminated; Should Snam choose not </span><span style=\"display:inherit;clear:left;\">to renew, CDP Reti will have the option to purchase Snam<span class=\"_ _c\"></span>\u2019s </span><span style=\"display:inherit;clear:left;\">equity investment in Italgas at its fair market value.</span><span style=\"display:inherit;clear:left;\">On 31 March 2023, Snam and CDP Reti signed an amending </span><span style=\"display:inherit;clear:left;\">22</span><span style=\"display:inherit;clear:left;\">shareholders' agreement</span><span style=\"display:inherit;clear:left;\">. As an exception to the </span><span style=\"display:inherit;clear:left;\">provisions concerning limitations on the transfer of the </span><span style=\"display:inherit;clear:left;\">Snam shareholding, for the entire duration of the validity </span><span style=\"display:inherit;clear:left;\">of the agreement, Snam may transfer to third parties up </span><span style=\"display:inherit;clear:left;\">to a maximum of 54,616,646 Italgas shares representing </span><span style=\"display:inherit;clear:left;\">no more than 6.75% of the entire share capital of Italgas </span><span style=\"display:inherit;clear:left;\">(the \"released shares\") through one or more transfers (the </span><span style=\"display:inherit;clear:left;\">\"permitted partial transfers\").</span><span style=\"display:inherit;clear:left;\">22 <span class=\"_ _94\"> </span>It should be noted that on 1 May 2017, CDP Gas S.r.l. was merged by </span><span style=\"display:inherit;clear:left;\">incorporation into CDP S.p.<span class=\"_ _0\"></span>A.</span><span style=\"display:inherit;clear:left;\">Therefore, should Snam transfer all or part of the released </span><span style=\"display:inherit;clear:left;\">shares through one or more permitted partial transfers: </span><span style=\"display:inherit;clear:left;\">(i) CDP Reti shall not be entitled to exercise the right of </span><span style=\"display:inherit;clear:left;\">pre-emption; (ii) approval (including discretionary approval) </span><span style=\"display:inherit;clear:left;\">or consent of CDP Reti will not be required to effect the </span><span style=\"display:inherit;clear:left;\">permitted partial transfers; (iii) the transferees of the </span><span style=\"display:inherit;clear:left;\">released shares will not be obliged to adhere to the pact </span><span style=\"display:inherit;clear:left;\">and the purchase option agreement.</span><span style=\"display:inherit;clear:left;\">Senfluga Energy Infrastructure Holdings S.A.</span><span style=\"display:inherit;clear:left;\">Senfluga Energy Infrastructure Holdings S.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. is a company </span><span style=\"display:inherit;clear:left;\">under Greek law owned by Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. (54%), by Enag\u00e1s </span><span style=\"display:inherit;clear:left;\">Internacional S.L<span class=\"_ _0\"></span>.U. (18%), by Fluxys E<span class=\"_ _c\"></span>urope B.<span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>. (18%) </span><span style=\"display:inherit;clear:left;\">and bu DAMCO Energy S.A<span class=\"_ _0\"></span>. (10%), which owns a 66% </span><span style=\"display:inherit;clear:left;\">stake in Hellenic Gas T<span class=\"_ _1\"></span>ransmission System Operator S<span class=\"_ _0\"></span>.A<span class=\"_ _0\"></span>. </span><span style=\"display:inherit;clear:left;\">(DESF<span class=\"_ _c\"></span>A), the Greek national operator in the natural gas </span><span style=\"display:inherit;clear:left;\">infrastructure sector<span class=\"_ _1\"></span>. </span><span style=\"display:inherit;clear:left;\">DESF<span class=\"_ _c\"></span>A owns and operates a regulated high-pressure </span><span style=\"display:inherit;clear:left;\">transportation network spanning approximately 1,500 </span><span style=\"display:inherit;clear:left;\">km, in addition to a regasification terminal at Revithoussa. </span><span style=\"display:inherit;clear:left;\">Since January 2022, DESFA has held 20% of Gastrade S.A<span class=\"_ _0\"></span>., </span><span style=\"display:inherit;clear:left;\">a company that is developing the FSRU in Alexandroupoli. </span><span style=\"display:inherit;clear:left;\">Greece, a significant junction for diversifying procurement </span><span style=\"display:inherit;clear:left;\">and establishing new natural gas routes in Europe, holds </span><span style=\"display:inherit;clear:left;\">additional potential for development as a South-East </span><span style=\"display:inherit;clear:left;\">European hub.</span><span style=\"display:inherit;clear:left;\">Under the existing corporate governance regulations, Snam </span><span style=\"display:inherit;clear:left;\">does not have exclusive control over Senfluga (and, by </span><span style=\"display:inherit;clear:left;\">extension, over DESF<span class=\"_ _c\"></span>A), while Senfluga maintains exclusive </span><span style=\"display:inherit;clear:left;\">control over DESF<span class=\"_ _c\"></span>A.</span><span style=\"display:inherit;clear:left;\">Galaxy Pipeline <span class=\"_ _c\"></span>Assets Holdco Limited </span><span style=\"display:inherit;clear:left;\">Galaxy Pipeline Assets Holdco Limited (\u201cHoldCo\u201d) holds </span><span style=\"display:inherit;clear:left;\">100% of Galaxy Pipeline Assets Bidco Limited (\u201cBidCo\u201d), </span><span style=\"display:inherit;clear:left;\">which in turn holds a 47.7% stake in ADNOC Gas Pipeline </span><span style=\"display:inherit;clear:left;\">Assets LLC (\u201c<span class=\"_ _1\"></span>AssetCo\u201d). Snam holds a 12.327% interest in </span><span style=\"display:inherit;clear:left;\">the international consortium, consisting of GIP III Galaxy </span><span style=\"display:inherit;clear:left;\">HoldCo II Limited (GIP<span class=\"_ _c\"></span>), Infracore Investment Holdings </span><span style=\"display:inherit;clear:left;\">Limited, Raffles Infra Holdings Limited, NH Galaxy Pipeline </span><span style=\"display:inherit;clear:left;\">Holdco Limited, Galaxy Pipeline Assets T<span class=\"_ _c\"></span>opco Limited.</span><span style=\"display:inherit;clear:left;\">AssetCo, a subsidiar<span class=\"_ _0\"></span>y of ADNOC (Abu Dhabi National Oil </span><span style=\"display:inherit;clear:left;\">Company), maintains a twenty-year lease on ADNOC\u2019s </span><span style=\"display:inherit;clear:left;\">strategic assets associated with gas and LNG transportation </span><span style=\"display:inherit;clear:left;\">within the United Arab Emirates; the management and use </span><span style=\"display:inherit;clear:left;\">of these assets are held by ADNOC for the same twenty-</span><span style=\"display:inherit;clear:left;\">year term. </span><span style=\"display:inherit;clear:left;\">Snam is the sole industrial participant in the consortium, </span><span style=\"display:inherit;clear:left;\">signifying a significant investment opportunity in a strategic </span><span style=\"display:inherit;clear:left;\">infrastructure within the Gulf region.</span><span style=\"display:inherit;clear:left;\">The governance regulations stipulate that decisions on </span><span style=\"display:inherit;clear:left;\">certain matters of significant interest to the company must </span><span style=\"display:inherit;clear:left;\">be made by a supermajority vote or unanimously.</span><span style=\"display:inherit;clear:left;\">Interconnector Limited</span><span style=\"display:inherit;clear:left;\">Interconnector Limited is a company governed by English law<span class=\"_ _c\"></span>, owning the bidirectional pipeline that connects the United </span><span style=\"display:inherit;clear:left;\">Kingdom with Belgium and the broader European region. </span><span style=\"display:inherit;clear:left;\">At 31 December 2023, Interconnector Limited was an investee company of Snam International B.<span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>. (23.68%) and Fluxys UK </span><span style=\"display:inherit;clear:left;\">Ltd (76.32%). </span><span style=\"display:inherit;clear:left;\">Interconnector Limited directly owns 48% of the Dutch firm, Interconnector Zeebrugge T<span class=\"_ _1\"></span>erminal B.<span class=\"_ _c\"></span>V<span class=\"_ _1\"></span>. (which is, in turn, </span><span style=\"display:inherit;clear:left;\">25% owned by Snam International BV), and holds an additional 1% indirectly through Interconnector Leasing Company </span><span style=\"display:inherit;clear:left;\">Ltd.</span><span style=\"display:inherit;clear:left;\">The governance structure of Interconnector Limited is designed to, in certain instances, provide veto rights to Snam </span><span style=\"display:inherit;clear:left;\">International B.<span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>. This is intended to safeguard their investment and oversee certain decisions of significant importance to </span><span style=\"display:inherit;clear:left;\">Snam International B.<span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">Industrie De Nora S.p.A.</span><span style=\"display:inherit;clear:left;\">Industrie De Nora, established in 1923 in Italy, is a worldwide provider of pioneering technologies and solutions for water </span><span style=\"display:inherit;clear:left;\">treatment. The Company holds substantial potential for growth, owing to its exposure to two major trends within the </span><span style=\"display:inherit;clear:left;\">energy transition segment - the production of green hydrogen and water treatment.</span><span style=\"display:inherit;clear:left;\">At 30 June 2022, the company was listed on Euronext Milan, a regulated mark<span class=\"_ _c\"></span>et that is organized and managed by Borsa </span><span style=\"display:inherit;clear:left;\">Italiana S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.</span><span style=\"display:inherit;clear:left;\">At 31 December 2023, Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. owned 21.59% of the share capital in Industrie De Nora, held through Asset Company </span><span style=\"display:inherit;clear:left;\">10 S.r<span class=\"_ _c\"></span>.l.</span><span style=\"display:inherit;clear:left;\">10.3 <span class=\"_ _85\"> </span>Equity investments in companies under joint control and associated companies that are </span><span style=\"display:inherit;clear:left;\">individually insignificant</span><span style=\"display:inherit;clear:left;\">In addition to the investments in the previously mentioned companies, the carrying values of the equity investments in a </span><span style=\"display:inherit;clear:left;\">company under joint control and in two individually insignificant associated companies, which are accounted for using the </span><span style=\"display:inherit;clear:left;\">equity method, are as follows: </span><span style=\"display:inherit;clear:left;\"> (million euros<span class=\"_ _c\"></span>)<span class=\"_ _3c4\"> </span>2023</span><span style=\"display:inherit;clear:left;\">Aggregate value of jointly c<span class=\"_ _c\"></span>ontrolled equity investments which are individually insignificant<span class=\"_ _3bf\"> </span> 97 </span><span style=\"display:inherit;clear:left;\">Snam Group\u2019s share of profit/(loss) for the year<span class=\"_ _3c5\"> </span>12</span><span style=\"display:inherit;clear:left;\">Share of other components in the comprehensiv<span class=\"_ _c\"></span>e income statement attributable t<span class=\"_ _c\"></span>o the Snam Group<span class=\"_ _1d5\"> </span> (7)</span><span style=\"display:inherit;clear:left;\">TO<span class=\"_ _1\"></span>TAL SHARE OF C<span class=\"_ _c\"></span>OMPREHENSIVE INCOME ST<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>TEMENT A<span class=\"_ _c\"></span>TTRIBUTABLE T<span class=\"_ _1\"></span>O THE SNAM GROUP<span class=\"_ _321\"> </span>5</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__60": {
   "value": "<span style=\"display:inherit;clear:left;\">1<span class=\"_ _1\"></span>1) <span class=\"_ _3c\"> </span>OTHER CURRENT <span class=\"_ _1\"></span>AND NON-CURRENT FINANCIAL <span class=\"_ _1\"></span>ASSETS </span><span style=\"display:inherit;clear:left;position:relative;height:249.755859375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 391.172px; top: 0.0078125px; width: 264.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 143.385px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 19.9141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 420.344px; top: 26.3359px; width: 27.5098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 623.328px; top: 26.3516px; width: 27.5098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 335.531px; top: 33.0859px; width: 44.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 485.656px; top: 33.0859px; width: 97.5586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.7012px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 690.875px; top: 33.1016px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 404.953px; top: 39.8359px; width: 42.6035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 609.484px; top: 39.8516px; width: 42.6035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">current</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.748px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Long-term financial receivables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 202.19px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">116</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">118</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.139px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">102</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">102</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0605px; width: 718.699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Minority investments acc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ounted for at FV</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TOCI</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.219px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">52</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">52</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.566px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">50</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.373px; width: 172.131px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Short</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-term financial receivables</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.686px; width: 718.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- short</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-term ov</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">er 90 days</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 236.754px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 172.014px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Securities and fund units</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 305.783px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">7</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.326px; width: 719.062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 407.565px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 224.639px; width: 255.029px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL O</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">THER CURRENT AND NON-CURRENT </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 372.031px; top: 231.389px; width: 346.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">172</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">175</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">161</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">163</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.139px; width: 106.289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FINANCIAL ASSETS</span></span></span><span style=\"display:inherit;clear:left;\">Long-term financial receivables amounted to \u20ac102 million, recording a decrease of \u20ac16 million compared to 31 December </span><span style=\"display:inherit;clear:left;\">2022, mainly due to the partial repayment by OL<span class=\"_ _11\"></span>T of the principal of the existing shareholder loan. </span><span style=\"display:inherit;clear:left;\">Minority equity investments valued at FV<span class=\"_ _0\"></span>TOCI (\u20ac50 million) essentially relate to the valuation of the shares held by Snam in </span><span style=\"display:inherit;clear:left;\">the capital of: (i) T<span class=\"_ _1\"></span>erminale GNL Adriatico S<span class=\"_ _0\"></span>.r<span class=\"_ _c\"></span>.l. (7.3% share) for \u20ac24 million (\u20ac27 million at 31 December 2022); (ii) Storegga </span><span style=\"display:inherit;clear:left;\">Limited (5.02% share) for \u20ac14 million (\u20ac10 million at 31 December 2022); (iii) ITM Power PL<span class=\"_ _1\"></span>C (2.072% share) for \u20ac9 million </span><span style=\"display:inherit;clear:left;\">(\u20ac13 million at 31 December 2022). </span><span style=\"display:inherit;clear:left;\">The changes that occurred during the year<span class=\"_ _1\"></span>, with reference to investments valued at F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TOCI, are analysed as follows: </span><span style=\"display:inherit;clear:left;\">(million euros<span class=\"_ _c\"></span>)</span><span style=\"display:inherit;clear:left;\">Value at 31.12.2022<span class=\"_ _3c6\"> </span>52</span><span style=\"display:inherit;clear:left;\">Acquisitions and subscriptions<span class=\"_ _370\"> </span>4</span><span style=\"display:inherit;clear:left;\">Change in fair value recognised in other comprehensiv<span class=\"_ _c\"></span>e income <span class=\"_ _12e\"> </span>(3)</span><span style=\"display:inherit;clear:left;\">Disposals and redemptions<span class=\"_ _3c7\"> </span>(4)</span><span style=\"display:inherit;clear:left;\">Other changes<span class=\"_ _3c8\"> </span>1</span><span style=\"display:inherit;clear:left;\">Value at 31.12.2023<span class=\"_ _3c6\"> </span>50</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__59": {
   "value": "<span style=\"display:inherit;clear:left;\">1<span class=\"_ _1\"></span>1) <span class=\"_ _3c\"> </span>OTHER CURRENT <span class=\"_ _1\"></span>AND NON-CURRENT FINANCIAL <span class=\"_ _1\"></span>ASSETS </span><span style=\"display:inherit;clear:left;position:relative;height:249.755859375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 391.172px; top: 0.0078125px; width: 264.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 143.385px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 19.9141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 420.344px; top: 26.3359px; width: 27.5098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 623.328px; top: 26.3516px; width: 27.5098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 335.531px; top: 33.0859px; width: 44.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 485.656px; top: 33.0859px; width: 97.5586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.7012px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 690.875px; top: 33.1016px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 404.953px; top: 39.8359px; width: 42.6035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 609.484px; top: 39.8516px; width: 42.6035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">current</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.748px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Long-term financial receivables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 202.19px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">116</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">118</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.139px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">102</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">102</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0605px; width: 718.699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Minority investments acc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ounted for at FV</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TOCI</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.219px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">52</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">52</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.566px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">50</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.373px; width: 172.131px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Short</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-term financial receivables</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.686px; width: 718.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- short</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-term ov</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">er 90 days</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 236.754px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 172.014px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Securities and fund units</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 305.783px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">7</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.326px; width: 719.062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 407.565px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 224.639px; width: 255.029px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL O</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">THER CURRENT AND NON-CURRENT </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 372.031px; top: 231.389px; width: 346.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">172</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">175</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">161</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">163</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.139px; width: 106.289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FINANCIAL ASSETS</span></span></span><span style=\"display:inherit;clear:left;\">Long-term financial receivables amounted to \u20ac102 million, recording a decrease of \u20ac16 million compared to 31 December </span><span style=\"display:inherit;clear:left;\">2022, mainly due to the partial repayment by OL<span class=\"_ _11\"></span>T of the principal of the existing shareholder loan. </span><span style=\"display:inherit;clear:left;\">Minority equity investments valued at FV<span class=\"_ _0\"></span>TOCI (\u20ac50 million) essentially relate to the valuation of the shares held by Snam in </span><span style=\"display:inherit;clear:left;\">the capital of: (i) T<span class=\"_ _1\"></span>erminale GNL Adriatico S<span class=\"_ _0\"></span>.r<span class=\"_ _c\"></span>.l. (7.3% share) for \u20ac24 million (\u20ac27 million at 31 December 2022); (ii) Storegga </span><span style=\"display:inherit;clear:left;\">Limited (5.02% share) for \u20ac14 million (\u20ac10 million at 31 December 2022); (iii) ITM Power PL<span class=\"_ _1\"></span>C (2.072% share) for \u20ac9 million </span><span style=\"display:inherit;clear:left;\">(\u20ac13 million at 31 December 2022). </span><span style=\"display:inherit;clear:left;\">The changes that occurred during the year<span class=\"_ _1\"></span>, with reference to investments valued at F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TOCI, are analysed as follows: </span><span style=\"display:inherit;clear:left;\">(million euros<span class=\"_ _c\"></span>)</span><span style=\"display:inherit;clear:left;\">Value at 31.12.2022<span class=\"_ _3c6\"> </span>52</span><span style=\"display:inherit;clear:left;\">Acquisitions and subscriptions<span class=\"_ _370\"> </span>4</span><span style=\"display:inherit;clear:left;\">Change in fair value recognised in other comprehensiv<span class=\"_ _c\"></span>e income <span class=\"_ _12e\"> </span>(3)</span><span style=\"display:inherit;clear:left;\">Disposals and redemptions<span class=\"_ _3c7\"> </span>(4)</span><span style=\"display:inherit;clear:left;\">Other changes<span class=\"_ _3c8\"> </span>1</span><span style=\"display:inherit;clear:left;\">Value at 31.12.2023<span class=\"_ _3c6\"> </span>50</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__61": {
   "value": "<span style=\"display:inherit;clear:left;\">12) <span class=\"_ _35\"> </span>CURRENT <span class=\"_ _c\"></span>AND NON-CURRENT INVENTORIES <span class=\"_ _1\"></span>AND THIRD-P<span class=\"_ _1\"></span>ARTY<span class=\"_ _c\"></span> NA<span class=\"_ _11\"></span>TURAL GAS </span><span style=\"display:inherit;clear:left;\">IN STORAGE </span><span style=\"display:inherit;clear:left;position:relative;height:197.115234375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 391.078px; top: 0.0078125px; width: 264.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 143.385px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.6641px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 383.781px; top: 26.3359px; width: 73.1074px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision f</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">or </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 587.922px; top: 26.3359px; width: 73.1074px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision f</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">or </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 337.469px; top: 33.0703px; width: 35.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Gross </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 493.109px; top: 33.0859px; width: 24.293px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Net </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 542.359px; top: 33.0859px; width: 35.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Gross </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 696.875px; top: 33.1016px; width: 24.293px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Net </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 391.078px; top: 39.8359px; width: 66.457px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">impairment </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 596.281px; top: 39.8359px; width: 66.457px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">impairment </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 338.5px; top: 46.5703px; width: 31.1074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">value</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 484.25px; top: 46.5859px; width: 31.1074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">value</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 544.016px; top: 46.5859px; width: 31.1074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">value</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 688.844px; top: 46.6016px; width: 31.1074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">value</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 420.406px; top: 53.3359px; width: 34.1074px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">losses</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 625.281px; top: 53.3359px; width: 34.1074px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">losses</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 80.2324px; width: 718.652px; white-space: pre; word-spacing: 0px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Raw materials, c</span><span style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">onsumables and finished goods</span><span style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: 0px; width: 108.023px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">848</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(15)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">833</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">787</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(15)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.6835px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">772</span></span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 106.561px; width: 718.875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Finished products and goods</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 184.172px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,403</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(34)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,369</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.5195px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">2,072</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.9199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(34)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,038</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.873px; width: 718.664px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal current inventories</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 206.092px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,251</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(49)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,202</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,859</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(49)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.6875px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,810</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.186px; width: 719.133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal non-current inventories - Compulsory inventories</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.4531px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">363</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 123.75px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">363</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">363</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.4px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">363</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 185.498px; width: 718.67px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL CURRENT AND NON-CURRENT INVENT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ORIES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.6991px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,614</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(49)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,565</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,222</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(49)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.6875px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,173</span></span></span><span style=\"display:inherit;clear:left;\">Current inventories (\u20ac2,810 million, net of the provision for impairment losses) include purchases that are made to </span><span style=\"display:inherit;clear:left;\">implement the following Authority resolutions: (i) resolution 165/2022/R/Gas, which provided for the procurement by </span><span style=\"display:inherit;clear:left;\">Snam Rete Gas of volumes to cover system gas and gas for technical consumption of the storages (approximately 0.4 </span><span style=\"display:inherit;clear:left;\">billion cubic metres for a total value of \u20ac524 million at 31 December 2023); (ii) resolutions 274/2022/R/Gas and 3/2023/R/</span><span style=\"display:inherit;clear:left;\">Gas, which defined the provisions for the last resort filling service (approximately 1.4 billion cubic metres for a total value </span><span style=\"display:inherit;clear:left;\">of \u20ac2,010 million at 31 December 2023). </span><span style=\"display:inherit;clear:left;\">The value of the inventories of gas purchased against these resolutions is offset, for the same amount, by financial </span><span style=\"display:inherit;clear:left;\">23</span><span style=\"display:inherit;clear:left;\">statement liabilities</span><span style=\"display:inherit;clear:left;\">.</span><span style=\"display:inherit;clear:left;\">The provision for impairment losses mainly relates to the write-down (\u20ac30 million), made in 2014, of 0.4 billion cubic </span><span style=\"display:inherit;clear:left;\">metres of natural gas used in storage activities for strategic gas unduly withdrawn by some service users during 2010 and </span><span style=\"display:inherit;clear:left;\">24</span><span style=\"display:inherit;clear:left;\">2011</span><span style=\"display:inherit;clear:left;\">.</span><span style=\"display:inherit;clear:left;\">Non-current inventories consist of the minimum quantities of natural gas that storage companies are obliged to hold </span><span style=\"display:inherit;clear:left;\">pursuant to Presidential Decree 22 of 31 January 2001 (so-called 'compulsor<span class=\"_ _0\"></span>y stocks'). </span><span style=\"display:inherit;clear:left;\">The quantities of gas in storage, corresponding to approximately 4.5 billion standard cubic metres of natural gas, are </span><span style=\"display:inherit;clear:left;\">25</span><span style=\"display:inherit;clear:left;\">determined annually by Ministry of Business and Made in Italy (ex the Ministr<span class=\"_ _0\"></span>y of Economic Development)</span><span style=\"display:inherit;clear:left;\">.</span><span style=\"display:inherit;clear:left;\">No collateral is pledged on inventories. There are no inventories pledged as security for liabilities, nor are any inventories </span><span style=\"display:inherit;clear:left;\">carried at net realisable value. </span><span style=\"display:inherit;clear:left;\">12.1 <span class=\"_ _85\"> </span>Third-party natural gas in storage</span><span style=\"display:inherit;clear:left;\">Risks for third-party assets held in storage, amounting to \u20ac3,302 million (\u20ac9,574 million at 31 December 2022), relate to </span><span style=\"display:inherit;clear:left;\">approximately 7.5 billion cubic metres of natural gas stored in storage facilities by customers benefiting from the service. </span><span style=\"display:inherit;clear:left;\">The amount was determined by valuing the stored gas quantities at the assumed unit repurchase cost of approximately </span><span style=\"display:inherit;clear:left;\">\u20ac0.44 per standard cubic metre (\u20ac 1.32 per standard cubic metre at 31 December 2022).</span><span style=\"display:inherit;clear:left;\">23 <span class=\"_ _94\"> </span>For gas inventories, liabilities of equal amounts were recognised, representing the Company's obligation to the regulator on the use of gas (resolution </span><span style=\"display:inherit;clear:left;\">165/2022/R/gas, \u20ac524m) and on the retrocession of the amounts obtained from the sale of the relative quantities of gas (resolution 274/2022/R/Gas, </span><span style=\"display:inherit;clear:left;\">\u20ac2,062m, including \u20ac52m relating to the amounts deriving from sales made at the end of the year and not yet returned to CSEA ).  </span><span style=\"display:inherit;clear:left;\">24 <span class=\"_ _94\"> </span>For more information on the developments of ongoing legal proceedings, please refer to Note 27.3.2 'Recovery of claims against storage system users'. </span><span style=\"display:inherit;clear:left;\">25 <span class=\"_ _94\"> </span>On 3 March 2023, the Ministry of the Environment and Energy Security confirmed the total volume of strategic storage for the contract year 2023-2024 </span><span style=\"display:inherit;clear:left;\">(1 April 2023 - 31 March 2024) at 4.62 billion cubic metres, or approximately 48,846 Giga Watt<span class=\"_ _1\"></span>-hours - GWh, unchanged from the thermal year 2022-2023 </span><span style=\"display:inherit;clear:left;\">(1 April 2022 - 31 March 2023).</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__62": {
   "value": "<span style=\"display:inherit;clear:left;\">13) <span class=\"_ _2a\"> </span>OTHER <span class=\"_ _2\"></span>CURRENT AND <span class=\"_ _0\"></span>NON-CURRENT ASSETS<span class=\"ws1\"> </span></span><span style=\"display:inherit;clear:left;position:relative;height:315.208984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 391.172px; top: 0.0078125px; width: 264.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 143.385px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 19.9141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 420.344px; top: 26.3359px; width: 27.5098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 623.328px; top: 26.3516px; width: 27.5098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 335.531px; top: 33.0859px; width: 44.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 485.656px; top: 33.0859px; width: 97.5586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.7012px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 690.875px; top: 33.1016px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 404.953px; top: 39.8359px; width: 42.6035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 609.484px; top: 39.8516px; width: 42.6035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">current</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.748px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">V</span><span style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T credits</span><span style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: 0px; width: 308.807px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.022px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">31</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.566px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31</span></span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0605px; width: 718.717px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Deferred charges</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 270.598px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">22</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">15</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">30</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.373px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assets arising from contracts with customers</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 120.99px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">22</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.566px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">22</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">28</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.566px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">28</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.686px; width: 718.881px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regulatory assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 268.395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">42</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">74</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">116</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">18</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 172.014px; width: 718.74px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Security deposits</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 340.02px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.566px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">18</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">18</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.326px; width: 719.033px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Market value of cash flo</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">w hedge derivatives</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 133.945px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.6154px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">4</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 224.639px; width: 718.875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other tax credits</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 272.971px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">72</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">89</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">129</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">243</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">372</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 250.951px; width: 718.893px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which: Ecobonus/Sismabonus Credits </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.945px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">72</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">85</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">102</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">243</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">345</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 277.264px; width: 718.816px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 332.578px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">24</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 303.592px; width: 718.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL O</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">THER CURRENT AND NON-CURRENT A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">SSETS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">136</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">178</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">314</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">222</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">281</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">503</span></span></span><span style=\"display:inherit;clear:left;\">Assets arising from the mark-to-market valuation of financial derivatives for cash flow hedges refer to: (i) 4 Interest Rate </span><span style=\"display:inherit;clear:left;\">Swap (IRS) derivative contracts, used to hedge the risk of interest rate fluctuations against a debenture loan and variable-</span><span style=\"display:inherit;clear:left;\">rate bank loans (\u20ac3 million). Through derivative contracts, variable-rate liabilities are converted into fixed-rate liabilities </span><span style=\"display:inherit;clear:left;\">from the effective date of the contract; (ii) 2 Over The Counter (O<span class=\"_ _c\"></span>TC) commodity derivative contracts, used to hedge the </span><span style=\"display:inherit;clear:left;\">risk of fluctuations in the price of natural gas and electricity (\u20ac1 million), related to the biomethane business.</span><span style=\"display:inherit;clear:left;\">The fair value of hedging derivative contracts, as well as the classification between current and non-current assets/</span><span style=\"display:inherit;clear:left;\">liabilities, were determined on the basis of valuation models commonly used in the financial sector and on market </span><span style=\"display:inherit;clear:left;\">parameters at the end of the period.</span><span style=\"display:inherit;clear:left;\">Information on the risks that are hedged by financial derivatives and the policies adopted by the company to hedge </span><span style=\"display:inherit;clear:left;\">against those risks can be found in Note 27.5 'Financial Risk Management - F<span class=\"_ _c\"></span>air Value of Financial Instruments<span class=\"_ _c\"></span>'.</span><span style=\"display:inherit;clear:left;\">Deferred charges (\u20ac30 million) mainly relate to up-front fees and substitute tax on revolving credit lines (\u20ac 17 million<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">Security deposits (\u20ac18 million) are paid in support of operating activities and mainly relate to the natural gas </span><span style=\"display:inherit;clear:left;\">transportation sector<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">Assets from contracts with customers (\u20ac28 million) relate to contract work in progress on biogas plants.</span><span style=\"display:inherit;clear:left;\">Other tax credits include Ecobonus/Sismabonus credits relating to energy efficiency projects (\u20ac345 million). The Snam </span><span style=\"display:inherit;clear:left;\">Group, given its large fiscal capacity, plans to use these credits within the time frame provided for by current legislation.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__63": {
   "value": "<span style=\"display:inherit;clear:left;\">14) <span class=\"_ _35\"> </span>CASH <span class=\"_ _c\"></span>AND CASH EQUIV<span class=\"_ _1\"></span>ALENTS</span><span style=\"display:inherit;clear:left;\">Cash and cash equivalents of \u20ac1,382 million (\u20ac1,757 million at 31 December 2022) mainly refer to the Parent Company's </span><span style=\"display:inherit;clear:left;\">current accounts and bank deposits in euro with financial institutions (\u20ac1,209 million), which represent the use of liquidity </span><span style=\"display:inherit;clear:left;\">held for the Group's financial needs, and cash received from subsidiaries (a total of \u20ac173 million<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">The average yield on cash investments is approximately 3.4% andthe investments re not subject to constraints on their </span><span style=\"display:inherit;clear:left;\">use.</span><span style=\"display:inherit;clear:left;\">For an overall analysis of the financial situation and the main cash flows for the year<span class=\"_ _1\"></span>, please refer to the Statement of Cash </span><span style=\"display:inherit;clear:left;\">Flows.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__65": {
   "value": "<span style=\"display:inherit;clear:left;\">15) <span class=\"_ _35\"> </span>TRADE <span class=\"_ _c\"></span>AND OTHER RECEIV<span class=\"_ _1\"></span>ABLES  </span><span style=\"display:inherit;clear:left;position:relative;height:301.662109375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.658px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade receivables, including the provision for bad debts</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 286.418px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,344</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,519</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.723px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for bad debts</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 462.289px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(100)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(160)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal trade receivables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 462.289px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,244</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,359</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 99.2578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other receivables </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 719.145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Other receivables from the Energy and Environmental Services Fund (</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">SEA)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.219px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">260</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">78</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.846px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Advances to suppliers</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 478.219px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 718.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- IRES receivables for national tax consolidation from the former parent compan</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 161.543px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 718.846px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Receivables for contributions from individuals</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 347.397px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 237.42px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Other</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 564.656px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 263.732px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal other receivables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 472.635px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">380</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">146</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.045px; width: 718.664px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL TRADE AND OTHER RE</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">CEIVABLES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.756px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,624</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,505</span></span></span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>rade receivables (\u20ac4,359 million, net of the provision for bad debt) are mainly related to the transportation segment </span><span style=\"display:inherit;clear:left;\">(\u20ac2,738 million, referring mainly to receivables from users for additional components and the default service totalling </span><span style=\"display:inherit;clear:left;\">\u20ac2,003 million and receivables from gas system balancing activities amounting to \u20ac106 million), energy transition (\u20ac1,381 </span><span style=\"display:inherit;clear:left;\">million) and natural gas storage (\u20ac195 million<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>rade receivables include customer receivables related to energy efficiency projects (\u20ac1,208 million) pending conversion </span><span style=\"display:inherit;clear:left;\">into Super-Ecobonus tax credits. The Snam Group, given its large fiscal capacity<span class=\"_ _c\"></span>, plans to use these credits within the time </span><span style=\"display:inherit;clear:left;\">frame provided for by current legislation.</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>rade receivables include receivables related to the storage sector<span class=\"_ _c\"></span>, including the credit for V<span class=\"_ _1\"></span>A<span class=\"_ _c\"></span>T invoiced to users in </span><span style=\"display:inherit;clear:left;\">previous years for the use of strategic gas withdrawn and not restored (\u20ac77 million, unchanged from 31 December </span><span style=\"display:inherit;clear:left;\">26</span><span style=\"display:inherit;clear:left;\">2022)</span><span style=\"display:inherit;clear:left;\">.</span><span style=\"display:inherit;clear:left;\">The fair value measurement of trade and other receivables, with the exception of credits originating from the provision </span><span style=\"display:inherit;clear:left;\">of energy efficiency ser<span class=\"_ _0\"></span>vices included in the so-called superbonus, ecobonus/sismabonus and minor bonuses, does not </span><span style=\"display:inherit;clear:left;\">produce significant effects considering the short period of time between the origination of the receivable and its maturity </span><span style=\"display:inherit;clear:left;\">and the contractual terms. </span><span style=\"display:inherit;clear:left;\">26 <span class=\"_ _94\"> </span>For further details, see Note 27.3.2 \"Recovery of receivables from storage system users\".</span><span style=\"display:inherit;clear:left;\">The provision for bad debt (\u20ac160 million) mainly relates to: (i) receivables arising from the balancing service, in relation </span><span style=\"display:inherit;clear:left;\">to resolution 608/2015/R/gas by which the Authority had ordered the partial recognition, for the gas balancing manager </span><span style=\"display:inherit;clear:left;\">(Snam Rete Gas), of uncollected receivables relating to the period from 1 December 2011 to 23 October 2012 (\u20ac70 million, </span><span style=\"display:inherit;clear:left;\">27</span><span style=\"display:inherit;clear:left;\">including related interest)</span><span style=\"display:inherit;clear:left;\">; (ii) trade receivables related to the energy efficiency business, against a significant increase </span><span style=\"display:inherit;clear:left;\">(+73%) in customer receivables, mainly attributable to the redevelopment and recovery of residential buildings (\u20ac59 </span><span style=\"display:inherit;clear:left;\">million), in order to reflect the risk that some credits deriving from the superbonus are not transformed into tax credits..</span><span style=\"display:inherit;clear:left;\">Other receivables from CSEA mainly refer to receivables for the interruptibility ser<span class=\"_ _0\"></span>vice (\u20ac57 million) and output-based </span><span style=\"display:inherit;clear:left;\">incentives (\u20ac12 million) of Snam Rete Gas. </span><span style=\"display:inherit;clear:left;\">There are no receivables in currencies other than the euro. </span><span style=\"display:inherit;clear:left;\">Receivables from related parties are indicated in Note 37 'T<span class=\"_ _c\"></span>ransactions with related parties'. </span><span style=\"display:inherit;clear:left;\">Specific information on credit risk is provided in Note 27.3 'Financial risk management - Credit risk'.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__64": {
   "value": "<span style=\"display:inherit;clear:left;\">15) <span class=\"_ _35\"> </span>TRADE <span class=\"_ _c\"></span>AND OTHER RECEIV<span class=\"_ _1\"></span>ABLES  </span><span style=\"display:inherit;clear:left;position:relative;height:301.662109375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.658px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade receivables, including the provision for bad debts</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 286.418px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,344</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,519</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.723px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for bad debts</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 462.289px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(100)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(160)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal trade receivables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 462.289px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,244</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,359</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 99.2578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other receivables </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 719.145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Other receivables from the Energy and Environmental Services Fund (</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">SEA)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.219px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">260</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">78</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.846px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Advances to suppliers</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 478.219px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 718.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- IRES receivables for national tax consolidation from the former parent compan</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 161.543px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 718.846px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Receivables for contributions from individuals</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 347.397px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 237.42px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Other</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 564.656px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 263.732px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal other receivables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 472.635px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">380</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">146</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.045px; width: 718.664px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL TRADE AND OTHER RE</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">CEIVABLES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.756px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,624</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,505</span></span></span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>rade receivables (\u20ac4,359 million, net of the provision for bad debt) are mainly related to the transportation segment </span><span style=\"display:inherit;clear:left;\">(\u20ac2,738 million, referring mainly to receivables from users for additional components and the default service totalling </span><span style=\"display:inherit;clear:left;\">\u20ac2,003 million and receivables from gas system balancing activities amounting to \u20ac106 million), energy transition (\u20ac1,381 </span><span style=\"display:inherit;clear:left;\">million) and natural gas storage (\u20ac195 million<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>rade receivables include customer receivables related to energy efficiency projects (\u20ac1,208 million) pending conversion </span><span style=\"display:inherit;clear:left;\">into Super-Ecobonus tax credits. The Snam Group, given its large fiscal capacity<span class=\"_ _c\"></span>, plans to use these credits within the time </span><span style=\"display:inherit;clear:left;\">frame provided for by current legislation.</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>rade receivables include receivables related to the storage sector<span class=\"_ _c\"></span>, including the credit for V<span class=\"_ _1\"></span>A<span class=\"_ _c\"></span>T invoiced to users in </span><span style=\"display:inherit;clear:left;\">previous years for the use of strategic gas withdrawn and not restored (\u20ac77 million, unchanged from 31 December </span><span style=\"display:inherit;clear:left;\">26</span><span style=\"display:inherit;clear:left;\">2022)</span><span style=\"display:inherit;clear:left;\">.</span><span style=\"display:inherit;clear:left;\">The fair value measurement of trade and other receivables, with the exception of credits originating from the provision </span><span style=\"display:inherit;clear:left;\">of energy efficiency ser<span class=\"_ _0\"></span>vices included in the so-called superbonus, ecobonus/sismabonus and minor bonuses, does not </span><span style=\"display:inherit;clear:left;\">produce significant effects considering the short period of time between the origination of the receivable and its maturity </span><span style=\"display:inherit;clear:left;\">and the contractual terms. </span><span style=\"display:inherit;clear:left;\">26 <span class=\"_ _94\"> </span>For further details, see Note 27.3.2 \"Recovery of receivables from storage system users\".</span><span style=\"display:inherit;clear:left;\">The provision for bad debt (\u20ac160 million) mainly relates to: (i) receivables arising from the balancing service, in relation </span><span style=\"display:inherit;clear:left;\">to resolution 608/2015/R/gas by which the Authority had ordered the partial recognition, for the gas balancing manager </span><span style=\"display:inherit;clear:left;\">(Snam Rete Gas), of uncollected receivables relating to the period from 1 December 2011 to 23 October 2012 (\u20ac70 million, </span><span style=\"display:inherit;clear:left;\">27</span><span style=\"display:inherit;clear:left;\">including related interest)</span><span style=\"display:inherit;clear:left;\">; (ii) trade receivables related to the energy efficiency business, against a significant increase </span><span style=\"display:inherit;clear:left;\">(+73%) in customer receivables, mainly attributable to the redevelopment and recovery of residential buildings (\u20ac59 </span><span style=\"display:inherit;clear:left;\">million), in order to reflect the risk that some credits deriving from the superbonus are not transformed into tax credits..</span><span style=\"display:inherit;clear:left;\">Other receivables from CSEA mainly refer to receivables for the interruptibility ser<span class=\"_ _0\"></span>vice (\u20ac57 million) and output-based </span><span style=\"display:inherit;clear:left;\">incentives (\u20ac12 million) of Snam Rete Gas. </span><span style=\"display:inherit;clear:left;\">There are no receivables in currencies other than the euro. </span><span style=\"display:inherit;clear:left;\">Receivables from related parties are indicated in Note 37 'T<span class=\"_ _c\"></span>ransactions with related parties'. </span><span style=\"display:inherit;clear:left;\">Specific information on credit risk is provided in Note 27.3 'Financial risk management - Credit risk'.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__66": {
   "value": "<span style=\"display:inherit;clear:left;\">16) <span class=\"_ _35\"> </span>CURRENT <span class=\"_ _c\"></span>AND NON-CURRENT INCOME T<span class=\"_ _1\"></span>AX <span class=\"_ _1\"></span>ASSETS/LIABILITIES  </span><span style=\"display:inherit;clear:left;position:relative;height:196.396484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Receivables from the tax authorities for IRES (corporation tax)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 259.06px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">47</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.74px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Receivables from the tax authorities for IRAP (regional trade income tax)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.898px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 719.004px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL CURRENT INC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OME T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">X ASSETS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 390.045px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 719.08px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Pa</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yables to the tax authorities for IRES (corporation tax)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 286.945px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (43)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 719.08px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Pa</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yables to the tax authorities for IRAP (regional trade income tax)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 229.183px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 85.1659px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (9)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.676px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Other tax liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 482.43px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (14)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 718.676px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL CURRENT INC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OME T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">X LIABILITIES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.756px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (21)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 76.8517px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (53)</span></span></span><span style=\"display:inherit;clear:left;\">Current income tax liabilities (\u20ac53 million) mainly refer to the liability for current tax<span class=\"_ _c\"></span>es accrued in 2023, relating to Snam </span><span style=\"display:inherit;clear:left;\">S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. and its subsidiaries, net of advances paid. </span><span style=\"display:inherit;clear:left;\">In relation to activities of a fiscal nature, it should be noted that, since the Group constantly invests in Research and </span><span style=\"display:inherit;clear:left;\">Development and T<span class=\"_ _1\"></span>echnological Innovation activities, subsequent to the end of the current financial year, the calculations </span><span style=\"display:inherit;clear:left;\">relating to the tax credit accrued on an accrual basis pursuant to Law no. 160/2019, paragraphs 198-207, as amended </span><span style=\"display:inherit;clear:left;\">by Law no. 178/2020 and Law no. 234/2021, will be finalised, and the preparation of the documentation supporting this </span><span style=\"display:inherit;clear:left;\">credit (so-called documentary expenses) will be completed. At the time of preparation of this document, no estimate of </span><span style=\"display:inherit;clear:left;\">the amount of this tax credit was available.</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>axes for the year are illustrated in Note 34 'Income T<span class=\"_ _c\"></span>axes', to which reference is made.</span><span style=\"display:inherit;clear:left;\">27 <span class=\"_ _94\"> </span>Pursuant to the provisions of resolution 608/2015/R/gas, the Company set aside a provision for bad debts of approximately \u20ac125 million, of which \u20ac35 </span><span style=\"display:inherit;clear:left;\">million was then released following the Council of State ruling of 5 March 2020. During the financial year 2021, \u20ac20 million was written off due to the </span><span style=\"display:inherit;clear:left;\">conclusion of bankruptcy proceedings concerning a user. At 31 December 2023, the value of the provision for bad debt amounted to \u20ac70 million (the </span><span style=\"display:inherit;clear:left;\">same as at 31 December 2022) and related to balancing receivables owing to the Company from certain customers with whom bankruptcy proceedings </span><span style=\"display:inherit;clear:left;\">are in progress.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__67": {
   "value": "<span style=\"display:inherit;clear:left;\">17) <span class=\"_ _35\"> </span>CURRENT <span class=\"_ _c\"></span>AND NON-CURRENT FINANCIAL LIABILITIES</span><span style=\"display:inherit;clear:left;position:relative;height:402.740234375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 305.969px; top: 0.0078125px; width: 321.926px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 201.058px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 226.281px; top: 26.3359px; width: 47.2617px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 486.812px; top: 26.3359px; width: 47.2617px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 325.641px; top: 33.0859px; width: 72.9844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-current </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 586.375px; top: 33.1016px; width: 72.9844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-current </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 223.703px; top: 39.8359px; width: 52.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">financial </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 485.359px; top: 39.8359px; width: 52.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">financial </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 307.156px; top: 46.5859px; width: 105.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">financial liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 569.406px; top: 46.6016px; width: 105.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">financial liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 220.844px; top: 53.3359px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 482.531px; top: 53.3359px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 1.10938px; top: 149.43px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.10938px; top: 246.045px; width: 721.225px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Debenture loans</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 172.319px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">757</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,527</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.9433px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,173</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.2344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8,700</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.2344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">9,457</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,217</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.60938px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.4629px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">4,439</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.9433px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,220</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.2344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8,659</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.2344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">9,876</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.10938px; top: 272.373px; width: 720.92px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bank loans</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 161.543px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">150</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9023px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">479</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.8672px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,335</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.3535px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">896</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.9433px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,231</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,860</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.3535px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9023px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">753</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.60938px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.4629px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">1,756</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.3535px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">790</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.2344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,546</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.2344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3,549</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.10938px; top: 298.686px; width: 721.16px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Euro C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ommercial Paper - E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">CP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,128</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 188.397px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,128</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.9433px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">2,679</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.4629px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5859px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,679</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.10938px; top: 324.998px; width: 721.131px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other lenders</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 158.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">200</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">200</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.3535px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">202</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.60938px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 19.6992px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.8262px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.3535px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">505</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.10938px; top: 351.311px; width: 720.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial payables for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.9591px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">18</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2168px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.6875px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">26</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.6875px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">33</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.6835px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.60938px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.5117px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">22</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">35</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.6875px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">43</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 377.623px; width: 206.297px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL CURRENT AND NON-CURRENT </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 211.297px; top: 384.389px; width: 510.182px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,280</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,243</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6,080</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 13.9746px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">5,077</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 8.18554px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.80078px; display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">11,157</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 8.18554px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.80078px; display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">13,680</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 12.9433px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.80078px; display: inline-block;\"> </span></span></span></span><span style=\"display: inline-block;\">2,931</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,981</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.60938px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.0879px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6,717</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.6602px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5,023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 7.6758px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">11,740</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 8.18554px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.80078px; display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">16,652</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 391.123px; width: 123.006px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FINANCIAL LIABILITIES</span></span></span><span style=\"display:inherit;clear:left;\">17.1 <span class=\"_ _85\"> </span>Short-term financial liabilities <span class=\"_ _a0\"> </span> </span><span style=\"display:inherit;clear:left;\">Short<span class=\"_ _c\"></span>-term financial liabilities, amounting to \u20ac2,931 million, essentially relate to the issue of short-term 'unsecured' </span><span style=\"display:inherit;clear:left;\">securities (Euro Commercial Paper) issued on the money mark<span class=\"_ _c\"></span>et and placed with institutional investors (\u20ac2,679 million) </span><span style=\"display:inherit;clear:left;\">and the use of uncommitted variable-rate bank credit lines (\u20ac250 million).</span><span style=\"display:inherit;clear:left;\">The weighted average interest rate on short<span class=\"_ _c\"></span>-term financial liabilities is 3.86% (0.06% for the financial year 2022). </span><span style=\"display:inherit;clear:left;\">There are no short<span class=\"_ _c\"></span>-term financial liabilities denominated in currencies other than the euro.</span><span style=\"display:inherit;clear:left;\">17.2 <span class=\"_ _85\"> </span>Long-term financial liabilities and short-term portion of long-term financial liabilities</span><span style=\"display:inherit;clear:left;\">Long-term financial liabilities, including the short<span class=\"_ _c\"></span>-term portion of long-term liabilities, amounted to a total of \u20ac13,721 </span><span style=\"display:inherit;clear:left;\">million and consisted of debenture loans (\u20ac9,876 million), bank loans (\u20ac3,299 million<span class=\"_ _c\"></span>), term loans to the parent company </span><span style=\"display:inherit;clear:left;\">Cassa Depositi e Prestiti (\u20ac503 million) and financial payables for leased assets (\u20ac43 million<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">An analysis of the debenture loans, indicating the year of issue, currency, average interest rate and maturity, is shown in </span><span style=\"display:inherit;clear:left;\">the following table.  </span><span style=\"display:inherit;clear:left;position:relative;height:776.04296875px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 244.828px; top: 0.0078125px; width: 50.5488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Nominal </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 319.5px; top: 0.0078125px; width: 50.5488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Nominal </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 474.203px; top: 6.75781px; width: 30.5918px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Issue </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 519.953px; top: 6.75781px; width: 53.1035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Maturity </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 584.547px; top: 6.75781px; width: 62.9297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 659.391px; top: 6.75781px; width: 62.9297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 13.5078px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 259.359px; top: 13.5078px; width: 35.5547px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">alue </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 333.141px; top: 13.5078px; width: 35.5547px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">alue </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 386.328px; top: 13.5078px; width: 48.9199px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e (%)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 470.25px; top: 20.2578px; width: 31.6582px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(year)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 536.578px; top: 20.2578px; width: 33.8203px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(year)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 584.547px; top: 20.2578px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 659.391px; top: 20.2578px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 231.672px; top: 27.0078px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 306.469px; top: 27.0078px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.3359px; width: 189.996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Euro Medium T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">erm Notes (EM</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TN)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 78.9512px; width: 718.887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 3.25% (a)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.316px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">365</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">365</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2014</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">375</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">376</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 102.717px; width: 644.338px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 1.50% (a) (b</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 172.764px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">155</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 112.23px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2014</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">157</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 126.482px; width: 644.514px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 1.375% (a)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 182.455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">140</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 112.629px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.375</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2015</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">137</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 150.264px; width: 718.828px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 0.875%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.773px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.875</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2016</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2026</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.7071px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,248</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,249</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 174.029px; width: 718.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 1.250% (a)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 182.455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">267</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">267</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2017</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">269</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">270</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 197.811px; width: 718.934px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Floating Bond (c)   </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 170.531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">106</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">106</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.836</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2017</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">106</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">107</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 221.576px; width: 718.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 1.375% (a)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 182.455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">553</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">553</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0.36px; letter-spacing: -0.36px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1.375</span><span style=\"word-spacing: 0.36px; letter-spacing: -0.36px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.77734px; display: inline-block;\"> </span></span></span></span><span style=\"display: inline-block;\">2017</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2027</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">552</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">552</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 245.342px; width: 644.279px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 1.000% (a) (d)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 165px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">423</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 112.23px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.000</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2018</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">425</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 269.123px; width: 718.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1.250% Bond (Climat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e Action Bond)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2019</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">501</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 292.889px; width: 718.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 1.625%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 199.477px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.625</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2019</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2030</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">252</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">252</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 316.67px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 0%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 222.486px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">700</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">700</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2019</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">699</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">700</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 340.436px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 1%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 222.486px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">600</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">600</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.000</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2019</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2034</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">592</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">593</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 364.217px; width: 718.916px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 0.75% (Transition bond)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.750</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2020</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2030</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">499</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 387.982px; width: 718.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 0% (Transition bond)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.539px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">600</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">600</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2020</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2028</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">597</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">598</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 411.748px; width: 718.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 0% (Transition bond)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.539px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 435.529px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 0.75% (Transition bond) - T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AP (e)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.5196px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.750</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2030</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">258</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">257</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 459.295px; width: 718.904px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 0.625% (Transition bond)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.172px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.625</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2031</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">495</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">496</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 483.076px; width: 144.018px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 0.75% (Dual tranche </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 272.641px; top: 489.826px; width: 447.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">850</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">850</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.750</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2029</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">846</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">847</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 496.576px; width: 148.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Sustainability-Linked Bond)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 520.342px; width: 144.018px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 1.25% (Dual tranche </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 272.641px; top: 527.092px; width: 447.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">650</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">650</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2034</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">651</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">651</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 533.842px; width: 148.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Sustainability-Linked Bond)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 557.607px; width: 175.066px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 3.375% (T</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">axonom</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y-Aligned </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 272.641px; top: 564.373px; width: 447.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">300</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">300</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.375</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2026</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">299</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">299</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 571.107px; width: 85.8633px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransition Bond)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 594.889px; width: 176.941px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 4% (EU T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">axonomy-Aligned </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 346.719px; top: 601.639px; width: 373.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">650</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4.000</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2029</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.795px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">644</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 608.389px; width: 89.7012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransition Bond)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 632.154px; width: 718.998px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal Euro Medium T</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">erm Notes (EMTN)</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">9,459</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,391</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 248.326px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,457</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,392</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 655.936px; width: 196.992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bond 3.250% (EU tax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">onomy-aligned </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 346.719px; top: 662.686px; width: 373.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.250</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.7636px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2028</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.795px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">484</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 669.436px; width: 151.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">conv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ertible transition bond)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 693.201px; width: 718.852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL DEBENTURE L</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OANS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.52px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,459</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,891</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 248.326px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,457</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,876</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 722.051px; width: 203.162px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(a) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 8.70705px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Liability Management 2022 debenture loans.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 733.301px; width: 633.914px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(b) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 7.6758px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Debenture loan re-opened in Januar</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y 2015 for an incremental amount of \u20ac250 million with interest rate and maturity similar to the original placement.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 744.551px; width: 506.953px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(c) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.0879px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Floating rate debenture loan, conv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">erted to a fixed rat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e through an Interest Rate Swap (IRS) hedging derivative contract.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 755.801px; width: 644.291px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(d) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 7.6758px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Debenture loan re-opened in November 2018 for an incremental amount of \u20ac300 million with interest rate and maturity similar to the original placement.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 767.051px; width: 120.17px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(e) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 8.18554px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">True-up debenture loan.</span></span></span><span style=\"display:inherit;clear:left;\">There are no long-term bank loans denominated in currencies other than the euro.</span><span style=\"display:inherit;clear:left;\">The weighted average interest rate on drawn bank loans (excluding EIB loans) is 2.36% (0.36% for the financial year 2022). </span><span style=\"display:inherit;clear:left;\">The average maturity on long-term financial liabilities is 5.0 years (5.4 years for financial year 2022).</span><span style=\"display:inherit;clear:left;\">There are no breaches of clauses related to the financing contracts.</span><span style=\"display:inherit;clear:left;\">Snam also has undrawn committed credit lines totalling \u20ac6.2 billion.</span><span style=\"display:inherit;clear:left;\">Financial covenants and negative pledge contractual clauses  </span><span style=\"display:inherit;clear:left;\">At 31 December 2023, Snam had unsecured bilateral and syndicated loan agreements in place with banks and other </span><span style=\"display:inherit;clear:left;\">financial institutions.</span><span style=\"display:inherit;clear:left;\">Some of these agreements require, inter alia, compliance with commitments typical of international practice, some of </span><span style=\"display:inherit;clear:left;\">which are subject to specific materiality thresholds, such as: (i) negative pledge commitments under which Snam and its </span><span style=\"display:inherit;clear:left;\">subsidiaries are subject to limitations on the creation of security interests or other liens over all or part of their respective </span><span style=\"display:inherit;clear:left;\">assets, shares or commodities; (ii) pari passu and change of control clauses; (iii) limitations on certain extraordinary </span><span style=\"display:inherit;clear:left;\">transactions that the company and its subsidiaries may carry out; (iv) limits on the indebtedness of subsidiaries.</span><span style=\"display:inherit;clear:left;\">F<span class=\"_ _c\"></span>ailure to comply with these covenants, as well as the occurrence of other events, such as cross-default events, may result </span><span style=\"display:inherit;clear:left;\">in a default by Snam and, possibly, may cause the related loan to become due in advance. Exclusively for the EIB loans, </span><span style=\"display:inherit;clear:left;\">the lender has the option to request additional guarantees if Snam's rating is lower than BBB (Standard &amp; P<span class=\"_ _c\"></span>oor's/Fitch) or </span><span style=\"display:inherit;clear:left;\">lower than Baa2 (Moody's), with at least two of the three rating agencies.</span><span style=\"display:inherit;clear:left;\">The occurrence of one or more of the aforementioned scenarios could have negative effects on Snam Group's results, </span><span style=\"display:inherit;clear:left;\">financial position and cash flow, resulting in additional costs and/or liquidity issues.</span><span style=\"display:inherit;clear:left;\">At 31 December 2023, financial payables subject to these restrictive clauses amounted to approximately \u20ac3.8 billion.</span><span style=\"display:inherit;clear:left;\">Bonds issued by Snam at 31 December 2023, with a nominal value of approximately \u20ac9.9 billion, mainly referred to </span><span style=\"display:inherit;clear:left;\">securities issued under the Euro Medium T<span class=\"_ _1\"></span>erm Notes programme. The covenants established for the programme's </span><span style=\"display:inherit;clear:left;\">securities are typical of international market practice and consist of<span class=\"_ _1\"></span>, inter alia, negative pledge and pari passu clauses. </span><span style=\"display:inherit;clear:left;\">Specifically, under the negative pledge clause, Snam and its material subsidiaries are subject to limitations to pledging or </span><span style=\"display:inherit;clear:left;\">maintaining encumbrances on all or part of their assets or proceeds to guarantee present or future debt, unless this is </span><span style=\"display:inherit;clear:left;\">explicitly permitted.</span><span style=\"display:inherit;clear:left;\">17.3 <span class=\"_ _85\"> </span>Analysis of net financial debt</span><span style=\"display:inherit;clear:left;\">An analysis of net financial debt with evidence of related party transactions is shown in the table below: </span><span style=\"display:inherit;clear:left;position:relative;height:423.85546875px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.0293px; width: 718.928px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">A. + B. Cash and cash equivalents</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 408.656px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,757</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,382</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 51.498px; width: 176.473px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">C. Other current financial assets </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 76.9668px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">D. Liquidity (A + B + C)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 463.342px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,757</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,382</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 102.42px; width: 513.809px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">E. Current financial debt (including debt instruments, but excluding the current portion of non-</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 586.75px; top: 109.186px; width: 132.082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,280</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,931</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 115.92px; width: 121.119px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">current financial debt)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 141.404px; width: 718.869px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">F</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. Current portion of non-current financial debt (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 314.924px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,243</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,981</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 168.467px; width: 718.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">G. Current financial debt (E + F)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 412.455px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,523</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,912</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 195.529px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of which with related parties</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 458.831px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 220.982px; width: 718.6px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">H. Net current financial debt (G - D</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 401.67px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">766</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,530</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 246.451px; width: 718.664px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">I. Non-current financial debt (excluding current portion and debt instruments) (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.506px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,457</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,081</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 271.92px; width: 718.816px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">J. Debt instruments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 479.355px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8,700</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8,659</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 297.373px; width: 218.197px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">K. Trade and other non-current pa</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yables</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 322.842px; width: 718.98px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">L. Non-current financial debt (I + J + K)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 366.662px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11,157</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11,740</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 348.311px; width: 718.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of which with related parties</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 445.294px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">200</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 373.764px; width: 718.658px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">M. T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal financial debt (H + L) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 414.082px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11,923</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15,270</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 403.613px; width: 717.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.61134px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">They include financial payables for leased assets recognised in accordance with IFRS 16 'Leases', of which \u20ac35 million are long-t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">erm and \u20ac8 million are short-term portions of </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 16.4844px; top: 414.863px; width: 118.154px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">long-term financial liabilities.</span></span></span><span style=\"display:inherit;clear:left;\">17.4 <span class=\"_ _85\"> </span>Reconciliation of net financial debt</span><span style=\"display:inherit;clear:left;\">In accordance with the provisions of IAS 7 'Statement of Cash Flows', the monetary and non-monetar<span class=\"_ _0\"></span>y changes in liabilities </span><span style=\"display:inherit;clear:left;\">arising from financing activities and in the assets comprising net financial debt are shown below.  </span><span style=\"display:inherit;clear:left;position:relative;height:287.29296875px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 472.844px; top: 0.0078125px; width: 144.064px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Changes without impacts</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 506.188px; top: 13.5078px; width: 76.5117px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">on cash flo</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ws</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 33.7734px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 389.922px; top: 40.5078px; width: 48.4336px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Changes</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 531.016px; top: 40.1797px; width: 54.5918px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in</span><span style=\"word-spacing: 0px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 455.453px; top: 46.9297px; width: 45.0645px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IFRS 16 </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 610.844px; top: 46.9297px; width: 34.8398px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 306.469px; top: 54.0078px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 398.422px; top: 54.0078px; width: 37.9805px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">in cash </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 539.141px; top: 53.6797px; width: 47.1504px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">scope of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 659.391px; top: 54.0078px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 458.734px; top: 60.4297px; width: 39.0293px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">impact</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 598.781px; top: 60.4297px; width: 43.3711px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">changes</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 404.953px; top: 67.5078px; width: 28.9688px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">flows</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 511.469px; top: 67.1797px; width: 71.5137px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">consolidation</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 94.4043px; width: 718.793px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cash and cash equivalents </span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 197.953px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,757</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (380)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.0312px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,382</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 120.732px; width: 718.986px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Liquidity and financial receivables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 147.035px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,757</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2168px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (380)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.4239px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,382</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 147.045px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Short</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-term financial payables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.223px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,280</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,669</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.0312px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (18)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,931</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 173.357px; width: 718.74px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Long-term financial pa</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yables (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 156.527px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12,367</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,270</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">34</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13,678</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 199.67px; width: 718.904px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial payables for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 159.891px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">33</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (13)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.8358px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">43</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 225.998px; width: 719.039px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Gross financial debt</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 218.145px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13,680</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,926</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.9784px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (7)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">34</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">16,652</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 252.311px; width: 718.863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Net financial debt</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 228.744px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11,923</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,306</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (11)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">33</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15,270</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 278.301px; width: 273.627px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)  Includes the long-term portions of long-term financial payables.</span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__68": {
   "value": "<span style=\"display:inherit;clear:left;\">18) <span class=\"_ _35\"> </span>PROVISIONS FOR RISKS <span class=\"_ _c\"></span>AND CHARGES </span><span style=\"display:inherit;clear:left;position:relative;height:565.240234375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 431.953px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 464.125px; top: 26.3359px; width: 27.1348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Uses</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 207.016px; top: 55.3203px; width: 51.3516px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Opening </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 356.328px; top: 57.3047px; width: 51.2812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Increase </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 552.266px; top: 57.3047px; width: 58.9805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 62.0547px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 263.891px; top: 62.0703px; width: 62.4844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provisions </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 211.188px; top: 68.8203px; width: 47.2734px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">balance </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 364.609px; top: 70.8047px; width: 42.5801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for the </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 561.5px; top: 70.8047px; width: 51.4688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">scope of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 636.516px; top: 68.8203px; width: 34.8398px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 676.938px; top: 68.8203px; width: 45.2168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Closing </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 417.531px; top: 77.5547px; width: 118.4px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for c</span><span style=\"word-spacing: 0px; letter-spacing: -0.48px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">osts</span><span style=\"word-spacing: 0px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 14.4551px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for surplus</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 346.719px; top: 84.3047px; width: 61.3008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">passing of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 554.578px; top: 84.3047px; width: 54.3691px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">consolida</span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">-</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 624.562px; top: 82.3203px; width: 43.3711px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">changes</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 678.797px; top: 82.3203px; width: 43.9102px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">balance </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 378.062px; top: 97.8047px; width: 26.1504px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">time</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 587.859px; top: 97.8047px; width: 21.2285px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tion</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 124.701px; width: 169.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for decommissioning </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 235.656px; top: 131.451px; width: 484.107px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">713</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 135.264px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (7)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 138.012px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (228)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">498</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 138.201px; width: 107.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and site restoration</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 164.529px; width: 718.676px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for legal disputes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.879px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">16</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 195.539px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 168.926px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">21</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 190.842px; width: 718.875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for tax litigation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 107.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 195.539px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 168.926px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">11</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 217.154px; width: 718.746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other funds </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 173.285px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">49</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (18)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 241.266px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">44</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 243.482px; width: 167.777px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL PR</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OVISIONS FOR RISKS </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 235.656px; top: 250.232px; width: 483.891px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">782</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">35</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (25)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (10)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.8358px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (228)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">574</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 256.982px; width: 79.8398px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">AND CHARGES</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 431.953px; top: 305.555px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 464.125px; top: 330.602px; width: 27.1348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Uses</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 356.328px; top: 360.305px; width: 51.2812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Increase </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 552.266px; top: 360.305px; width: 58.9805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 365.711px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 215.125px; top: 372.445px; width: 44.2852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Opeing </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 364.609px; top: 373.805px; width: 42.5801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for the </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 561.5px; top: 373.805px; width: 51.4688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">scope of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 636.516px; top: 372.461px; width: 34.8398px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 676.938px; top: 372.461px; width: 45.2168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Closing </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 265.688px; top: 379.211px; width: 62.4844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provisions </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 417.531px; top: 380.555px; width: 118.4px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for c</span><span style=\"word-spacing: 0px; letter-spacing: -0.48px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">osts</span><span style=\"word-spacing: 0px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 14.4551px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for surplus</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 211.188px; top: 385.945px; width: 44.3906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">balance</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 346.719px; top: 387.305px; width: 61.3008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">passing of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 554.578px; top: 387.305px; width: 54.3691px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">consolida</span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">-</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 624.562px; top: 385.961px; width: 43.3711px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">changes</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 678.797px; top: 385.961px; width: 43.9102px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">balance </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 378.062px; top: 400.805px; width: 26.1504px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">time</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 587.859px; top: 400.805px; width: 21.2285px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tion</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 426.436px; width: 169.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for decommissioning </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 235.656px; top: 433.186px; width: 483.627px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">498</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 135.264px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">18</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.7071px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 138.012px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">565</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 439.936px; width: 107.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and site restoration</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 464.982px; width: 718.998px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for legal disputes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.879px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.082px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.412px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">20</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 490.029px; width: 718.682px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provision for tax litigation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 100.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.6154px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 381.855px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">18</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 515.076px; width: 719.104px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other funds </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 173.285px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">44</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.086px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(11)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 241.904px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">60</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 540.123px; width: 167.777px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL PR</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OVISIONS FOR RISKS </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 235.656px; top: 546.873px; width: 483.885px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">574</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">38</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">18</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(14)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.256px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">663</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 553.623px; width: 79.8398px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">AND CHARGES</span></span></span><span style=\"display:inherit;clear:left;\">The provision for decommissioning and site restoration (\u20ac565 million) includes the estimated, discounted costs that will be </span><span style=\"display:inherit;clear:left;\">incurred for the removal of structures and site restoration, referring mainly to the storage (\u20ac455 million) and natural gas </span><span style=\"display:inherit;clear:left;\">28</span><span style=\"display:inherit;clear:left;\">transportation</span><span style=\"display:inherit;clear:left;\"> (\u20ac79 million) sectors. The discounting was carried out using the rate corresponding to the yields of Euro </span><span style=\"display:inherit;clear:left;\">Area Corporate Bonds with an '<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>A<span class=\"_ _1\"></span>' rating. The rate determined in this way is between 3% and 3.3%. </span><span style=\"display:inherit;clear:left;\">The final maturity in chronological order for disbursements related to the decommissioning and restoration of storage </span><span style=\"display:inherit;clear:left;\">sector sites refers to the Bordolano concession, in the year 2041. </span><span style=\"display:inherit;clear:left;\">Other changes (\u20ac50 million) mainly refer to the effects of the reduction in expected discount rates, mainly related to the </span><span style=\"display:inherit;clear:left;\">natural gas storage and transportation sector<span class=\"_ _1\"></span>.  </span><span style=\"display:inherit;clear:left;\">Other provisions for risks and charges (\u20ac60 million) mainly relate to: (i) the estimated charges that the Group<span class=\"_ _c\"></span>'s insurance </span><span style=\"display:inherit;clear:left;\">company, Gasrule Insurance DA<span class=\"_ _c\"></span>C, expects to incur for insured claims (\u20ac24 million); (ii) the provision for estimated probable </span><span style=\"display:inherit;clear:left;\">tax liabilities (\u20ac7 million); (iii) the redundancy fund (\u20ac6 million). </span><span style=\"display:inherit;clear:left;\">29</span><span style=\"display:inherit;clear:left;\">The sensitivity</span><span style=\"display:inherit;clear:left;\"> on the discount rate represents the change in the value of the liability that is obtained with the year-end </span><span style=\"display:inherit;clear:left;\">valuation data, by varying the discount rate, subject to the other assumptions. </span><span style=\"display:inherit;clear:left;position:relative;height:64.818359375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 642.457px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 428.355px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ariation discount r</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ate</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 489.109px; top: 26.8887px; width: 230.039px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">10% reduction</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.1991px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10% increase</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in provision for decommissioning and sit</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e restoration at 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 147.035px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">28</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 127.775px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(26)</span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__69": {
   "value": "<span style=\"display:inherit;clear:left;\">19) <span class=\"_ _35\"> </span>DEFERRED T<span class=\"_ _1\"></span>AX LIABILITIES/ASSETS  </span><span style=\"display:inherit;clear:left;position:relative;height:170.083984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.857px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Deferred tax liabilities, before offsetting</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 375.262px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">128</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">141</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.734px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Offsetting with deferred tax assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 401.67px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (77)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.3614px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (82)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 719.062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">DEFERRED T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">X LIABILITIES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 451.301px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">51</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">59</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.834px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Deferred tax assets, before offsetting</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 379.56px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (408)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (457)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Offsettable deferred tax liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.142px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">77</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">82</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.869px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">DEFERRED T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">X ASSETS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 455.321px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (331)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.5585px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (375)</span></span></span><span style=\"display:inherit;clear:left;\">28 <span class=\"_ _94\"> </span>The costs refer to the estimated costs for the removal of the connection works to the Livorno LNG regasification terminal - OL<span class=\"_ _1\"></span>T Offshore LNG T<span class=\"_ _1\"></span>oscana. </span><span style=\"display:inherit;clear:left;\">29 <span class=\"_ _94\"> </span>For sensitivity purposes, only provisions for risks and charges with a significant accretion discount were considered. </span><span style=\"display:inherit;clear:left;\">Deferred tax liabilities and assets, before offsetting, are analysed below according to the nature of the most significant </span><span style=\"display:inherit;clear:left;\">temporary differences: </span><span style=\"display:inherit;clear:left;position:relative;height:1018.130859375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 431.953px; top: 0.0078125px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 707.5px; top: 20.9395px; width: 15.0293px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 647.109px; top: 27.6895px; width: 15.0293px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 283.281px; top: 33.8672px; width: 51.3867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Changes </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 684.266px; top: 34.4395px; width: 38.4141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">which: </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 488.75px; top: 40.6328px; width: 58.9805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 624.562px; top: 41.1895px; width: 38.4141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">which: </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 273.672px; top: 47.3672px; width: 61.0898px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rec</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ognised</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 364.609px; top: 47.3672px; width: 48.0527px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impacts </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 689.156px; top: 47.9395px; width: 33.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IRAP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">, </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 50.6953px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 207.016px; top: 54.1328px; width: 51.3516px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Opening </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 434.75px; top: 54.1328px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 496.766px; top: 54.1328px; width: 51.4688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">scope of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 562.656px; top: 54.1328px; width: 45.2168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Closing </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 631.188px; top: 54.6895px; width: 31.3477px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IRES, </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 300.203px; top: 60.8672px; width: 35.7012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">in the </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 346.719px; top: 60.8672px; width: 65.4844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rec</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ognised </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 673.219px; top: 61.4395px; width: 49.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">regional </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 211.188px; top: 67.6328px; width: 44.3906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">balance</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 421.906px; top: 67.6328px; width: 46.7285px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">changes</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 486.672px; top: 67.6328px; width: 58.6816px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">consolida-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 561.5px; top: 67.6328px; width: 44.3906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">balance</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 624.562px; top: 68.1895px; width: 35.6191px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">cor</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">po</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 291.172px; top: 74.3672px; width: 44.0566px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 359.281px; top: 74.3672px; width: 50.1035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">in equity</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 689.156px; top: 74.9395px; width: 33.4805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">trade </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 522.125px; top: 81.1328px; width: 23.1504px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tion</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 625.625px; top: 81.6895px; width: 37.1309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">ration </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 272.641px; top: 87.8672px; width: 59.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">stat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ement</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 680.219px; top: 88.4395px; width: 42.2402px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 642.453px; top: 95.1895px; width: 17.918px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tax</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 700.469px; top: 101.939px; width: 17.918px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tax</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 122.311px; width: 168.533px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation and amortisation </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 241.672px; top: 129.076px; width: 417.34px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">58</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 335.103px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">58</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">58</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 135.811px; width: 177.498px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">carried out for tax purposes only</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 156.186px; width: 144.65px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Decommissioning and site </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 235.656px; top: 162.951px; width: 233.115px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">119</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.951px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (119)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 169.686px; width: 61.3242px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">restoration</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 190.076px; width: 172.201px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Revaluations of property, plant </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 241.672px; top: 196.826px; width: 476.66px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">34</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.086px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">46</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">44</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 203.576px; width: 75.4453px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">an equipment</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 223.951px; width: 719.145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Capitalisation of financial expenses </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 341.66px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.621px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 244.311px; width: 659.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Write-do</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">wn of excess receivables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 342.129px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.1642px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 264.67px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other temporary differences</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.086px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 285.029px; width: 172.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Deferred tax liabilities, before </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 235.656px; top: 291.795px; width: 484.225px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">230</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.4239px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.895px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (125)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">128</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.5059px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">123</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 298.529px; width: 56.5137px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">offsetting</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 318.92px; width: 144.65px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Decommissioning and site </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 225.344px; top: 325.67px; width: 493.98px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (200)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.139px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">119</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 111.797px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (82)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (70)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (12)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 332.42px; width: 61.3242px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">restoration</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 352.795px; width: 158.953px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-deductible depreciation </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 225.344px; top: 359.545px; width: 494.367px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (203)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (32)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 241.266px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (235)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.8262px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (233)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 366.295px; width: 92.6074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and amortisation</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 386.67px; width: 173.162px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provisions for risks and charges </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 231.672px; top: 393.42px; width: 487.535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (41)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 248.326px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (40)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (39)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 400.17px; width: 184.254px; white-space: pre; word-spacing: 0px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and other non-deductible provisions</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 420.545px; width: 170.883px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-repayable and contractual </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 231.672px; top: 427.295px; width: 487.535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (18)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 248.326px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (17)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (15)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 434.045px; width: 34.8984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">grants</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 454.42px; width: 659.057px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee benefits</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 136.289px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (6)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 145.94px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 178.617px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (4)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 474.779px; width: 718.711px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other temporary differences</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (29)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.3846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (6)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (30)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (24)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (6)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 495.139px; width: 223.752px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Deferred tax assets, before offsetting</span><span style=\"word-spacing: 0px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 30.0234px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 223.752px; top: 495.139px; width: 349.389px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (497)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (37)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.6835px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">122</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.6875px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 573.141px; top: 495.139px; width: 145.852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (408)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.2637px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (385)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (23)</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 431.953px; top: 545.258px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 707.5px; top: 566.189px; width: 15.0293px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 647.109px; top: 572.924px; width: 15.0293px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 283.281px; top: 579.117px; width: 51.3867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Changes </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 684.266px; top: 579.689px; width: 38.4141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">which: </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 488.75px; top: 585.867px; width: 58.9805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 624.562px; top: 586.424px; width: 38.4141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">which: </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 273.672px; top: 592.617px; width: 61.0898px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rec</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ognised</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 364.609px; top: 592.617px; width: 48.0527px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impacts </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 689.156px; top: 593.189px; width: 33.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IRAP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">, </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 595.945px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 207.016px; top: 599.367px; width: 51.3516px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Opening </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 434.75px; top: 599.367px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 496.766px; top: 599.367px; width: 51.4688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">scope of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 562.656px; top: 599.367px; width: 45.2168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Closing </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 631.188px; top: 599.924px; width: 31.3477px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IRES, </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 300.203px; top: 606.117px; width: 35.7012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">in the </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 346.719px; top: 606.117px; width: 65.4844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rec</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ognised </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 673.219px; top: 606.689px; width: 49.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">regional </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 211.188px; top: 612.867px; width: 44.3906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">balance</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 421.906px; top: 612.867px; width: 46.7285px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">changes</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 486.672px; top: 612.867px; width: 58.6816px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">consolida-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 561.5px; top: 612.867px; width: 44.3906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">balance</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 624.562px; top: 613.424px; width: 35.6191px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">cor</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">po</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 291.172px; top: 619.617px; width: 44.0566px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 359.281px; top: 619.617px; width: 50.1035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">in equity</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 689.156px; top: 620.189px; width: 33.4805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">trade </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 522.125px; top: 626.367px; width: 23.1504px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tion</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 625.625px; top: 626.924px; width: 37.1309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">ration </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 272.641px; top: 633.117px; width: 59.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">stat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ement</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 680.219px; top: 633.689px; width: 42.2402px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 642.453px; top: 640.424px; width: 17.918px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tax</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 700.469px; top: 647.189px; width: 17.918px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tax</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 667.561px; width: 168.533px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation and amortisation </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 241.672px; top: 674.311px; width: 473.988px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">58</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">58</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">58</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 681.061px; width: 177.498px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">carried out for tax purposes only</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 701.436px; width: 172.201px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Revaluations of property, plant </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 241.672px; top: 708.186px; width: 477.246px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">46</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.621px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">45</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">43</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 714.936px; width: 75.4453px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">an equipment</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 735.311px; width: 719.174px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Capitalisation of financial expenses </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.1642px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 755.67px; width: 716.238px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Write-do</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">wn of excess receivables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.4531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.621px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 776.045px; width: 719.139px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other temporary differences</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.4455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.4531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">29</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">26</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 796.404px; width: 172.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Deferred tax liabilities, before </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 235.656px; top: 803.154px; width: 484.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">128</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.4239px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.4531px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">141</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.5059px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">135</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 809.904px; width: 56.5137px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">offsetting</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 830.279px; width: 144.65px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Decommissioning and site </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 231.672px; top: 837.029px; width: 487.477px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (82)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (87)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.5058px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (74)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (13)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 843.779px; width: 61.3242px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">restoration</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 864.154px; width: 158.953px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-deductible depreciation </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 227.438px; top: 870.92px; width: 491.637px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(235)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (32)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.5059px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(267)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.8262px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (265)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 877.654px; width: 92.6074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and amortisation</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 898.029px; width: 173.162px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provisions for risks and charges </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 231.672px; top: 904.795px; width: 484.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (40)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (12)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.6835px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (52)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (52)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 911.529px; width: 184.254px; white-space: pre; word-spacing: 0px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and other non-deductible provisions</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 931.904px; width: 170.883px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-repayable and contractual </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 231.672px; top: 938.67px; width: 487.307px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (17)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (17)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.5058px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (15)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (2)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 945.404px; width: 34.8984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">grants</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 965.779px; width: 715.998px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee benefits</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 136.289px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.7071px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 986.154px; width: 718.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other temporary differences</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (30)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 146.508px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (29)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.5058px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (18)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (11)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 1006.51px; width: 226.822px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Deferred tax assets, before offsetting</span><span style=\"word-spacing: 0px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 33.0938px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 226.822px; top: 1006.51px; width: 401.197px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(408)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(50)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.459px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(457)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.7012px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 628.02px; top: 1006.51px; width: 2.84766px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 630.867px; top: 1006.51px; width: 28.3711px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(429)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 659.238px; top: 1006.51px; width: 37.9688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 697.207px; top: 1006.51px; width: 21.5566px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(28)</span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__70": {
   "value": "<span style=\"display:inherit;clear:left;\">20) <span class=\"_ _35\"> </span>LIABILITIES FOR EMPLOYEE BENEFITS </span><span style=\"display:inherit;clear:left;position:relative;height:117.458984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee severance indemnity (TFR)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 402.908px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.951px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Supplementary Healthcare Fund for Executives of Eni C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ompanies (FISDE)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 216.24px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other liabilities - employee benefits related t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o seniority bonuses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 260.303px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL LIABILITIES F</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OR EMPL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OYEE BENEFITS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 351.861px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">28</span></span></span><span style=\"display:inherit;clear:left;\">Liabilities for employee benefits, amounting to \u20ac28 million, were in line with the previous year<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">Employee severance indemnity, governed by Article 2120 of the Italian Civil Code, includes the estimated obligation, </span><span style=\"display:inherit;clear:left;\">determined on the basis of actuarial techniques, related to the amount to be paid to employees upon termination of </span><span style=\"display:inherit;clear:left;\">employment. The indemnity, which is paid in the form of a lump sum, is equal to the sum of allowances calculated on </span><span style=\"display:inherit;clear:left;\">the salary items paid in respect of the employment relationship and revalued up to the time of its termination. Due to </span><span style=\"display:inherit;clear:left;\">legislative changes introduced as of 1 January 2007, for companies with more than 50 employees, a significant portion of </span><span style=\"display:inherit;clear:left;\">the accrued severance indemnity is classified as a defined contribution plan, as the company's obligation is represented </span><span style=\"display:inherit;clear:left;\">solely by the payment of contributions to pension funds, i.e., INPS. The liability relating to post-employment benefits prior </span><span style=\"display:inherit;clear:left;\">to 1 January 2007 continues to represent a defined benefit plan to be measured using actuarial techniques. </span><span style=\"display:inherit;clear:left;\">FISDE includes the estimated costs, determined on an actuarial basis, related to the contributions to be paid for the </span><span style=\"display:inherit;clear:left;\">30</span><span style=\"display:inherit;clear:left;\">benefit of serving</span><span style=\"display:inherit;clear:left;\"> and retired executives.  </span><span style=\"display:inherit;clear:left;\">31</span><span style=\"display:inherit;clear:left;\">FISDE provides supplementary healthcare benefits to Eni Group executives</span><span style=\"display:inherit;clear:left;\"> and retired executives whose last </span><span style=\"display:inherit;clear:left;\">employment relationship was with the Eni Group in an executive capacity. FISDE is financed by the payment: (i) of </span><span style=\"display:inherit;clear:left;\">contributions from member companies; (ii) of contributions from Members for themselves and their families; (iii) from </span><span style=\"display:inherit;clear:left;\">ad hoc contributions for specific benefits. The amount of the liability and the cost of care are determined by taking as a </span><span style=\"display:inherit;clear:left;\">reference for the estimated health care costs paid by the fund the contribution that the company pays to pensioners.</span><span style=\"display:inherit;clear:left;\">The Isopensione fund concerns the employer's costs arising from the application of the implementation agreement, in </span><span style=\"display:inherit;clear:left;\">relation to the pension advance for employees, governed by Article 4, paragraphs 1-7 of Law no. 92/2012 (the so-called </span><span style=\"display:inherit;clear:left;\">'Fornero Law').</span><span style=\"display:inherit;clear:left;\">Seniority bonuses are benefits given upon reaching a minimum period of service in the company and are paid in kind in the </span><span style=\"display:inherit;clear:left;\">form of goods and/or services.</span><span style=\"display:inherit;clear:left;\">30 <span class=\"_ _94\"> </span>For serving executives, contributions are calculated from the year in which the employee retires and refer to the years of service already rendered.</span><span style=\"display:inherit;clear:left;\">31 <span class=\"_ _94\"> </span>The fund provides the same benefits to Snam Group executives.</span><span style=\"display:inherit;clear:left;\">The composition of and changes in liabilities for employee benefits, measured using actuarial techniques, are as follows:  </span><span style=\"display:inherit;clear:left;position:relative;height:357.771484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 344.938px; top: 0.0078125px; width: 294.152px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 173.285px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.6641px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 272.641px; top: 26.3203px; width: 59.4023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 506.188px; top: 26.3359px; width: 59.4023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 408.5px; top: 33.0703px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 642.453px; top: 33.0859px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 270.656px; top: 39.8203px; width: 60.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">severanc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 340.781px; top: 39.8203px; width: 33.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FISDE</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 457.172px; top: 39.8359px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 504.594px; top: 39.8359px; width: 60.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">severanc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 575.219px; top: 39.8359px; width: 33.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FISDE</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 690.875px; top: 39.8359px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 389.922px; top: 46.5703px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 623.328px; top: 46.5859px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 270.656px; top: 53.3203px; width: 57.5684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">indemnity</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 504.594px; top: 53.3359px; width: 57.5684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">indemnity</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 80.2324px; width: 214.154px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">LIABILITIES FOR EMPL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OYEE BENEFITS </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 314.484px; top: 86.9824px; width: 404.766px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">26</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">36</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.7324px; width: 184.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T THE BEGINNING OF THE YEAR</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 120.061px; width: 178.342px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Costs related t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o current services </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 321.062px; top: 126.811px; width: 397.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.504px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.504px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 133.561px; width: 196.84px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(recognised under 'personnel costs')</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.889px; width: 221.291px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Interest cost (rec</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ognised under financial </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 554.578px; top: 166.639px; width: 164.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.504px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 173.389px; width: 54.8086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">expenses)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 199.717px; width: 183.973px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Actuarial (gains)/losses from past </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 213.217px; width: 199.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">experience adjustments (recognised </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 554.578px; top: 213.217px; width: 164.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.504px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 226.717px; width: 174.328px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">in other comprehensive inc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ome)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 253.029px; width: 205.049px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Actuarial (gains)/losses from changes </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 266.529px; width: 199.189px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">in financial assumptions (recognised </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 313.375px; top: 266.529px; width: 171.855px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.0039px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.8009px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(8)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 280.029px; width: 174.328px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">in other comprehensive inc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ome)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 306.342px; width: 718.734px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Benefits paid</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 241.266px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.99px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 142.412px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(3)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 332.654px; width: 214.154px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">LIABILITIES FOR EMPL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OYEE BENEFITS </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 314.484px; top: 339.42px; width: 404.766px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">20</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">28</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 346.154px; width: 144.867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T THE END OF THE YE</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AR</span></span></span><span style=\"display:inherit;clear:left;\">The table below shows the main actuarial assumptions used to value the liabilities at the end of the year and to determine </span><span style=\"display:inherit;clear:left;position:relative;height:197.43359375px;\"><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 186.99px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 13.5px; font-family: ff7b; -webkit-text-stroke: 0.2025px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">the cost for the following year</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 13.5px; font-family: ff7b; -webkit-text-stroke: 0.2025px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 383.391px; top: 55.9453px; width: 272.836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 151.969px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 5.32812px; top: 82.6016px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 319.812px; top: 82.2578px; width: 59.4023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 532.844px; top: 82.2734px; width: 59.4023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 478.172px; top: 89.0078px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 691px; top: 89.0234px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 318.703px; top: 95.7578px; width: 60.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">severanc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 410.281px; top: 95.7578px; width: 33.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FISDE</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 530.266px; top: 95.7734px; width: 60.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">severanc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 623.734px; top: 95.7734px; width: 33.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FISDE</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 458.516px; top: 102.508px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 670.594px; top: 102.523px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 317.609px; top: 109.258px; width: 57.5684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">indemnity</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 530.266px; top: 109.273px; width: 57.5684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">indemnity</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 5.32812px; top: 136.17px; width: 718.746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Discount rate (%)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 259.06px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">4.0</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2696px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4.0</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2696px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4.0</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.3846px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2696px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2696px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.4</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 5.32812px; top: 162.482px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Inflation rate (%) (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 244.857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2.5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2696px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2.5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2696px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2.5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.3846px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2.0</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2696px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2.0</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2696px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2.0</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 5.32812px; top: 188.441px; width: 318.035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff74; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)   With regard to other liabilities, the rate refers only t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff74; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o seniority bonuses.</span></span></span><span style=\"display:inherit;clear:left;\">The discount rate adopted was determined by taking into account bond yields of leading companies (Euro area corporate </span><span style=\"display:inherit;clear:left;\">bonds and A<span class=\"_ _0\"></span>A ratings).</span><span style=\"display:inherit;clear:left;\">The employee benefit plans recognised by Snam are subject, in particular<span class=\"_ _c\"></span>, to interest rate risk, as a change in the discount </span><span style=\"display:inherit;clear:left;\">rate could lead to a significant change in the liability.</span><span style=\"display:inherit;clear:left;\">The effects of a reasonably possible change in the discount rate at the end of the financial year are illustrated below. It </span><span style=\"display:inherit;clear:left;\">should also be noted that any changes in mortality do not have a significant effect on the liability. The sensitivity on the </span><span style=\"display:inherit;clear:left;\">discount rate represents the change in value of the liability that is obtained with the year-end valuation data, by varying </span><span style=\"display:inherit;clear:left;\">the discount rate by a certain number of basis points, subject to other assumptions. </span><span style=\"display:inherit;clear:left;position:relative;height:91.130859375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 659.801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 410.438px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ariation in the discount rat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.67px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Effect on net obligation at 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 274.688px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.5% reduction</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.5% increase</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 719.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in employee severance indemnity at 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 260.918px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 131.76px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.764px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in liabilities for FISDE at 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 328.19px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 130.975px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> (1)</span></span></span><span style=\"display:inherit;clear:left;\">The maturity profile of employee benefit plan obligations is shown in the table below: </span><span style=\"display:inherit;clear:left;position:relative;height:197.099609375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 344.359px; top: 0.0078125px; width: 294.152px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 173.285px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.6641px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 270.875px; top: 26.3203px; width: 59.4023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 505.031px; top: 26.3359px; width: 59.4023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 408.469px; top: 33.0703px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 642.953px; top: 33.0859px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 269.406px; top: 39.8203px; width: 60.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">severanc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 340.172px; top: 39.8203px; width: 33.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FISDE</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 456.359px; top: 39.8359px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 503.953px; top: 39.8359px; width: 60.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">severanc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 574.641px; top: 39.8359px; width: 33.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FISDE</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 688.844px; top: 39.8359px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 390.031px; top: 46.5703px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 623.188px; top: 46.5859px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 269.406px; top: 53.3203px; width: 57.5684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">indemnity</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 503.953px; top: 53.3359px; width: 57.5684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">indemnity</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 80.2324px; width: 719.104px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Within the next year</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 210.404px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.504px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.6835px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 106.545px; width: 718.629px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Within five years</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 230.42px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.504px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">8</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.857px; width: 718.729px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Over five and up t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o ten years</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 157.629px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1482px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">9</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.17px; width: 718.629px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Over ten years</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 241.266px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1482px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1482px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.5723px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">8</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 185.482px; width: 718.875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL LIABILITIES F</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OR EMPL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OYEE BENEFITS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">28</span></span></span><span style=\"display:inherit;clear:left;\">The weighted average duration of employee benefit plan obligations is shown below: </span><span style=\"display:inherit;clear:left;position:relative;height:91.849609375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 378.609px; top: 0.0078125px; width: 272.836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 151.969px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.6641px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 315.203px; top: 26.3203px; width: 59.4023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 526.5px; top: 26.3359px; width: 59.4023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Employee </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 472.234px; top: 33.0703px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 684.422px; top: 33.0859px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 313.141px; top: 39.8203px; width: 60.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">severanc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 403.703px; top: 39.8203px; width: 33.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FISDE</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 524.422px; top: 39.8359px; width: 60.1582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">severanc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 616.719px; top: 39.8359px; width: 33.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FISDE</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 452.672px; top: 46.5703px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 665.75px; top: 46.5859px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 313.141px; top: 53.3203px; width: 57.5684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">indemnity</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 524.422px; top: 53.3359px; width: 57.5684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">indemnity</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 80.2324px; width: 576.064px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Weight</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ed average duration (years)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 175.518px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 576.064px; top: 80.2324px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">7</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 582.885px; top: 80.2324px; width: 54.0703px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 636.955px; top: 80.2324px; width: 13.6348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">19</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 650.59px; top: 80.2324px; width: 54.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 705.041px; top: 80.2324px; width: 13.6348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">11</span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__72": {
   "value": "<span style=\"display:inherit;clear:left;\">21) <span class=\"_ _35\"> </span>OTHER CURRENT <span class=\"_ _c\"></span>AND NON-CURRENT LIABILITIES </span><span style=\"display:inherit;clear:left;position:relative;height:302.380859375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 391.078px; top: 0.0078125px; width: 264.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 143.385px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 19.9141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 418.547px; top: 26.3359px; width: 27.5098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 623.188px; top: 26.3516px; width: 27.5098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 333.797px; top: 33.0859px; width: 44.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 485.703px; top: 33.0859px; width: 97.5586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.7012px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 688.844px; top: 33.1016px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 403.703px; top: 39.8359px; width: 42.6035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 608.828px; top: 39.8516px; width: 42.6035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">current</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.748px; width: 718.922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Security deposits</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 323.567px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.382</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1.382</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.195px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">1.040</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1.040</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0605px; width: 718.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Fuel gas</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 313.67px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">718</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">720</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">532</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">100</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">632</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.373px; width: 718.91px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regulatory liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 246.779px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">104</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">112</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">216</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">99</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">149</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.686px; width: 719.004px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other taxes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 300.662px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">29</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.566px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">29</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">65</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.566px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">65</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 172.014px; width: 718.852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Market value of non-hedging financial derivativ</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 366.662px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">14</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.326px; width: 719.051px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- IRPEF withholdings for employees</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 180.053px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.795px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">7</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 224.639px; width: 718.951px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Liabilities for connection contributions</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 229.922px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">7</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 250.951px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 340.02px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.795px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.566px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">10</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 277.264px; width: 255.029px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL O</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">THER CURRENT AND NON-CURRENT </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 357.938px; top: 284.029px; width: 360.393px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">868</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,502</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,370</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">713</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,211</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,924</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.764px; width: 63.3867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">LIABILITIES</span></span></span><span style=\"display:inherit;clear:left;\">Security deposits (\u20ac1,040 million) refer to payments received as guarantees, mainly from users of the balancing service, </span><span style=\"display:inherit;clear:left;\">pursuant to resolution ARG/gas 45/11. </span><span style=\"display:inherit;clear:left;\">The item \"Fuel gas\" (\u20ac632 million<span class=\"_ _c\"></span>), mainly attributable to the transportation segment (\u20ac524 million), principally refers </span><span style=\"display:inherit;clear:left;\">to the liability recognised for the volumes of gas to be used for the operation of the system, in compliance with the </span><span style=\"display:inherit;clear:left;\">provisions of resolution 165/2022/R/Gas \"Urgent provisions for the allocation of storage capacity pursuant to Decree No. </span><span style=\"display:inherit;clear:left;\">138 of the Ministry of Ecological Transition, now the Ministry of the Environment and Energy Security of 1 April 2022\".</span><span style=\"display:inherit;clear:left;\">Regulatory liabilities (\u20ac149 million) mainly relate to the transport sector (\u20ac105 million) for penalties charged to users who </span><span style=\"display:inherit;clear:left;\">exceeded their committed capacity, to be returned to the system through tariff adjustments. </span><span style=\"display:inherit;clear:left;\">The market value of non-hedging financial derivatives (\u20ac14 million<span class=\"_ _c\"></span>) relates to the embedded option component of the </span><span style=\"display:inherit;clear:left;\">debenture loan convertible into Italgas S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. ordinary shares.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__71": {
   "value": "<span style=\"display:inherit;clear:left;\">21) <span class=\"_ _35\"> </span>OTHER CURRENT <span class=\"_ _c\"></span>AND NON-CURRENT LIABILITIES </span><span style=\"display:inherit;clear:left;position:relative;height:302.380859375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 391.078px; top: 0.0078125px; width: 264.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 143.385px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 19.9141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 418.547px; top: 26.3359px; width: 27.5098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 623.188px; top: 26.3516px; width: 27.5098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 333.797px; top: 33.0859px; width: 44.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 485.703px; top: 33.0859px; width: 97.5586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.7012px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 688.844px; top: 33.1016px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 403.703px; top: 39.8359px; width: 42.6035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">current</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 608.828px; top: 39.8516px; width: 42.6035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">current</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.748px; width: 718.922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Security deposits</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 323.567px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.382</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1.382</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.195px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">1.040</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1.040</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0605px; width: 718.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Fuel gas</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 313.67px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">718</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">720</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">532</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">100</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">632</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.373px; width: 718.91px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regulatory liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 246.779px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">104</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">112</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">216</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">99</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">149</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.686px; width: 719.004px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other taxes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 300.662px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">29</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.566px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">29</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">65</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.566px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">65</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 172.014px; width: 718.852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Market value of non-hedging financial derivativ</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 366.662px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">14</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.326px; width: 719.051px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- IRPEF withholdings for employees</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 180.053px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.795px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">7</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 224.639px; width: 718.951px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Liabilities for connection contributions</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 229.922px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">7</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 250.951px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 340.02px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.795px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.566px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">10</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 277.264px; width: 255.029px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL O</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">THER CURRENT AND NON-CURRENT </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 357.938px; top: 284.029px; width: 360.393px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">868</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,502</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,370</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">713</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,211</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,924</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.764px; width: 63.3867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">LIABILITIES</span></span></span><span style=\"display:inherit;clear:left;\">Security deposits (\u20ac1,040 million) refer to payments received as guarantees, mainly from users of the balancing service, </span><span style=\"display:inherit;clear:left;\">pursuant to resolution ARG/gas 45/11. </span><span style=\"display:inherit;clear:left;\">The item \"Fuel gas\" (\u20ac632 million<span class=\"_ _c\"></span>), mainly attributable to the transportation segment (\u20ac524 million), principally refers </span><span style=\"display:inherit;clear:left;\">to the liability recognised for the volumes of gas to be used for the operation of the system, in compliance with the </span><span style=\"display:inherit;clear:left;\">provisions of resolution 165/2022/R/Gas \"Urgent provisions for the allocation of storage capacity pursuant to Decree No. </span><span style=\"display:inherit;clear:left;\">138 of the Ministry of Ecological Transition, now the Ministry of the Environment and Energy Security of 1 April 2022\".</span><span style=\"display:inherit;clear:left;\">Regulatory liabilities (\u20ac149 million) mainly relate to the transport sector (\u20ac105 million) for penalties charged to users who </span><span style=\"display:inherit;clear:left;\">exceeded their committed capacity, to be returned to the system through tariff adjustments. </span><span style=\"display:inherit;clear:left;\">The market value of non-hedging financial derivatives (\u20ac14 million<span class=\"_ _c\"></span>) relates to the embedded option component of the </span><span style=\"display:inherit;clear:left;\">debenture loan convertible into Italgas S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. ordinary shares.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__73": {
   "value": "<span style=\"display:inherit;clear:left;\">22) <span class=\"_ _35\"> </span>TRADE <span class=\"_ _c\"></span>AND OTHER P<span class=\"_ _11\"></span>A<span class=\"_ _1\"></span>Y<span class=\"_ _11\"></span>ABLES</span><span style=\"display:inherit;clear:left;position:relative;height:301.662109375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 719.197px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade payables for the purchase of goods and services</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 292.781px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,546</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">987</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal trade payables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 475.395px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,546</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">987</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 716.191px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other payables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 630.322px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.77px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Pa</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yables to the Cassa per i Servizi Energetici e Ambientali (CSEA)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 236.145px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5,571</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,037</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 719.238px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Pa</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yables for investment activities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 407.565px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">519</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">938</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Interim dividend</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 500.561px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">369</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">378</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 719.279px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Pa</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yables to personnel</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 477.581px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">45</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">45</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 718.729px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Pa</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yables to social security institutions</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 390.487px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">25</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">25</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 237.42px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 559.305px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">54</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">56</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 263.732px; width: 718.91px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal other payables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 475.395px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6,583</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5,479</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.045px; width: 718.734px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL TRADE AND OTHER P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Y</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ABLES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 377.606px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8,129</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6,466</span></span></span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>rade payables for the purchase of goods and ser<span class=\"_ _0\"></span>vices (\u20ac987 million) are mainly related to the transportation sector </span><span style=\"display:inherit;clear:left;\">(\u20ac488 million, of which \u20ac169 million from balancing activities) and the energy transition sector (\u20ac350 million<span class=\"_ _c\"></span>). </span><span style=\"display:inherit;clear:left;\">Liabilities for investment activities (\u20ac938 million) mainly relate to the transmission (\u20ac462 million<span class=\"_ _c\"></span>) and natural gas </span><span style=\"display:inherit;clear:left;\">storage (\u20ac93 million) sectors and also include estimated liabilities for contractually agreed earn-outs. </span><span style=\"display:inherit;clear:left;\">Payables to CSEA (\u20ac4,037 million) mainly refer to: (i) payables related to the retrocession of amounts obtained from </span><span style=\"display:inherit;clear:left;\">the sale of gas volumes purchased for the last resort filling service in compliance with resolutions 274/2022/R<span class=\"_ _0\"></span>/Gas and </span><span style=\"display:inherit;clear:left;\">3/2023/R/Gas (\u20ac2,062 million); (ii) payables for additional tariff components (\u20ac1,637 million<span class=\"_ _c\"></span>); (iii) payables related to </span><span style=\"display:inherit;clear:left;\">purchase and sale transactions carried out by the gas balancing manager (\u20ac247 million).</span><span style=\"display:inherit;clear:left;\">The interim dividend (\u20ac378 million) refers to the payable to shareholders for the 2023 interim dividend of \u20ac0.1128 per </span><span style=\"display:inherit;clear:left;\">share, which was resolved on 8 November 2023. The interim payment was made starting from 24 January 2024. </span><span style=\"display:inherit;clear:left;\">Payables to related parties are illustrated in Note 37 'T<span class=\"_ _c\"></span>ransactions with related parties'.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__74": {
   "value": "<span style=\"display:inherit;clear:left;\">23) EQUITY<span class=\"ws1\"> </span></span><span style=\"display:inherit;clear:left;position:relative;height:459.568359375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.101px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Share capital</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 514.545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,736</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,736</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.594px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">reasury shares</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.832px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(33)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.2793px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(30)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Share premium reserve </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 464.58px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">611</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">611</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 719.033px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Legal reserve</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 523.399px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">547</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">547</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cash flow hedge reserve</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 462.289px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(39)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(32)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Reserve for defined benefit plans for employees </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 336.838px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(6)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">F</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">air value reser</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ve for equity investments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.443px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(12)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(15)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 718.805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Reserve for business combinations under common c</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ontrol</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 273.803px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(674)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(674)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 237.42px; width: 719.068px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other reserves</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 515.145px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">212</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">170</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 263.732px; width: 718.652px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal reser</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ves</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 524.074px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">30</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.2793px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(10)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.045px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Profits from previous years</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 439.331px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,822</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,571</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 316.373px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Interim dividend</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 499.511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(369)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(378)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 342.686px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Profit for the year </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 495.716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">671</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,135</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 368.998px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal retained earnings</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 457.249px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,124</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,328</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 395.311px; width: 718.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity of the parent company</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 427.08px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7,468</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7,635</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 421.623px; width: 718.582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Minority interests</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">56</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.7267px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">45</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 447.951px; width: 718.605px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL SHAREHOLDERS\u2019 E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">QUIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Y</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 405.862px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7,524</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7,680</span></span></span><span style=\"display:inherit;clear:left;\">23.1 <span class=\"_ _85\"> </span>Share capital</span><span style=\"display:inherit;clear:left;\">The share capital at 31 December 2023 consisted of 3,360,857,809 shares without nominal value (unchanged from 31 </span><span style=\"display:inherit;clear:left;\"><span><span style=\"display:inherit;clear:left;\">December 2022), with a total value of \u20ac2,735,670,475.56 (unchanged from 31 December 2022).</span></span> </span><span style=\"display:inherit;clear:left;\">23.2 <span class=\"_ _85\"> </span>T<span class=\"_ _1\"></span>reasury shares</span><span style=\"display:inherit;clear:left;\">The negative reserve for the purchase of treasur<span class=\"_ _0\"></span>y shares includes the purchase cost of 7,244,579 treasur<span class=\"_ _0\"></span>y shares at 31 </span><span style=\"display:inherit;clear:left;\">December 2023 (8,101,437 treasury shares, equal to 0.24% of the share capital, at 31 December 2022, equal to 0.22% of </span><span style=\"display:inherit;clear:left;\">the share capital), for a book value of \u20ac30 million (\u20ac33 million at 31 December 2022). The market value of treasury shares </span><span style=\"display:inherit;clear:left;\">32</span><span style=\"display:inherit;clear:left;\">at 31 December 2023 amounts to approximately \u20ac34 million</span><span style=\"display:inherit;clear:left;\">. </span><span style=\"display:inherit;clear:left;\">32 <span class=\"_ _94\"> </span>Calculated by multiplying the number of treasury shares by the period-end official price of \u20ac4.655 per share.</span><span style=\"display:inherit;clear:left;\">In compliance with the provisions of Article 2428 of the Italian Civil Code, the treasury shares held by the Company at 31 </span><span style=\"display:inherit;clear:left;\">December 2023 are analysed in the table below: </span><span style=\"display:inherit;clear:left;position:relative;height:434.693359375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 686.828px; top: 0.0078125px; width: 35.6426px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Share </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 401.797px; top: 6.75781px; width: 48.6855px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Number </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 466.125px; top: 6.75781px; width: 77.3027px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">verage c</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ost </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 594.578px; top: 6.75781px; width: 59.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal c</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ost </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 678.797px; top: 13.5078px; width: 43.7695px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Capital </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 395.031px; top: 20.2578px; width: 52.6465px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of shares</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 506.188px; top: 20.2578px; width: 34.4766px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(eur</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 568.547px; top: 20.2578px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 699.359px; top: 27.0078px; width: 22.4414px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(%) </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.8887px; width: 719.033px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">reasury shares at 31 December 2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.92px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">88,556,228</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.999</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.5509px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">354</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2.63</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 106.545px; width: 95.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Movements 2022</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.857px; width: 650.977px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Shares allocated for con</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">version of the Con</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vertible Bond</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(-)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9023px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">79,444,888</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.998</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.5509px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">318</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.17px; width: 293.514px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 2.30859px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Shares granted free of charge under the 2019 st</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ock  </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 354.938px; top: 165.92px; width: 297.006px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(-)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,760,307</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4.000</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 9.25px; top: 172.67px; width: 75.9609px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">incentive plan</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.998px; width: 650.678px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Purchases 2022 (sell to co</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ver)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 184.881px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(+)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2168px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">750,404</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4.908</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 251.639px; width: 718.729px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">reasury shares at 31 December 2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 184.881px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8,101,437</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4.076</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.9142px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">33</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.24</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 304.295px; width: 95.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Movements 2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 330.607px; width: 293.537px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">-  </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Shares granted free of charge under the 2020 stock  </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 354.938px; top: 337.357px; width: 92.8125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(-)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,468,158</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 9.25px; top: 344.107px; width: 75.9609px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">incentive plan</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 370.436px; width: 446.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">-  </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Purchases 2023 (sell to cover)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 182.455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(+)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">611,300</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 423.076px; width: 718.729px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">reasury shares at 31 December 2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 184.881px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7,244,579</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4.133</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.9142px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">30</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.22</span></span></span><span style=\"display:inherit;clear:left;\">The reduction in the number of treasury shares compared to 31 December 2022 is attributable to the free assignment </span><span style=\"display:inherit;clear:left;\">of 1,468,158 shares to Snam executives under the 2020 Share-based Incentive Plan, the vesting period of which expired </span><span style=\"display:inherit;clear:left;\">in July 2023, and to the concurrent purchase, by the assignee executives, of 611,300 shares to cover the amount of </span><span style=\"display:inherit;clear:left;\">taxes owed by the assignees. </span><span style=\"display:inherit;clear:left;\">The Ordinary Shareholders' Meeting of Snam, held on 4 May 2023, authorised, after revoking the resolution to </span><span style=\"display:inherit;clear:left;\">authorise the purchase of treasury shares taken by the Ordinary Shareholders' Meeting on 27 April 2022, for the </span><span style=\"display:inherit;clear:left;\">portion remaining unexecuted, the purchase of treasury shares, to be made on one or more occasions through one </span><span style=\"display:inherit;clear:left;\">or more primary intermediaries appointed by Snam S<span class=\"_ _0\"></span>.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>., for a maximum duration of 18 months from the date of </span><span style=\"display:inherit;clear:left;\">the Shareholders' Meeting, with a maximum disbursement of \u20ac500 million and up to a maximum of 4.5% of the share </span><span style=\"display:inherit;clear:left;\">capital subscribed and released.</span><span style=\"display:inherit;clear:left;\">23.3 <span class=\"_ _85\"> </span>Share premium reserve</span><span style=\"display:inherit;clear:left;\">The share premium reserve at 31 December 2023 amounted to \u20ac611 million (the same as at 31 December 2022).</span><span style=\"display:inherit;clear:left;\">23.4 Reserves</span><span style=\"display:inherit;clear:left;\">Legal reserve</span><span style=\"display:inherit;clear:left;\">The legal reserve at 31 December 2023 amounted to \u20ac547 million (the same as at 31 December 2022) and had already </span><span style=\"display:inherit;clear:left;\">reached one fifth of the share capital, as required by Article 2430 of the Italian Civil Code.</span><span style=\"display:inherit;clear:left;\">Cash flow hedge reserve</span><span style=\"display:inherit;clear:left;\">The cash flow hedge reserve (-\u20ac32 million, -\u20ac39 million at 31 December 2022, net of related tax effects) refers to the fair </span><span style=\"display:inherit;clear:left;\">value measurement of hedging derivatives. </span><span style=\"display:inherit;clear:left;\">Changes in the reserve during the year are analysed below: </span><span style=\"display:inherit;clear:left;position:relative;height:143.771484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.84px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 353.373px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Gross reser</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ve</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ax effect</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.125px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Net reserve</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">BALANCE A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 01.01.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.756px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(70)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">16</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.8105px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(54)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.893px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Changes in the financial year 2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 315.908px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.7267px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">BALANCE A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.756px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(51)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.8105px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(39)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.893px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Changes in the financial year 2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 315.908px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.7267px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">BALANCE A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T 31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.756px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(41)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.2793px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(32)</span></span></span><span style=\"display:inherit;clear:left;\">Reserve for defined benefit plans for employees</span><span style=\"display:inherit;clear:left;\">The reserve for defined employee benefit plans at 31 December 2023 (-\u20ac6 million; \u20ac-4 million at 31 December 2022) </span><span style=\"display:inherit;clear:left;\">includes actuarial losses, net of the related tax effect, recognised in other comprehensive income, in accordance with </span><span style=\"display:inherit;clear:left;\">IAS 19.</span><span style=\"display:inherit;clear:left;\">Fair value reserve for equity investments</span><span style=\"display:inherit;clear:left;\">The fair value reserve for equity investments at 31 December 2023 (-\u20ac15 million; -\u20ac12 million at 31 December 2022) </span><span style=\"display:inherit;clear:left;\">includes the change in fair value of minority interests for which, upon initial recognition, Snam opted for measurement at </span><span style=\"display:inherit;clear:left;\">FV<span class=\"_ _0\"></span>TOCI (\"fair value through other comprehensive income\"). For more details, see Note 11 '<span class=\"_ _c\"></span>Other current and non-current </span><span style=\"display:inherit;clear:left;\">financial assets'.</span><span style=\"display:inherit;clear:left;\">Reserve for business combinations under common control</span><span style=\"display:inherit;clear:left;\">The reserve for business combinations under common control (\u20ac-674 million; likewise at 31 December 2022), recognised </span><span style=\"display:inherit;clear:left;\">as part of a business combination under common control (BCUCC) carried out in 2009 with the former parent company </span><span style=\"display:inherit;clear:left;\">Eni, relates to the value arising from the difference between the purchase cost of the investment in Stogit and the related </span><span style=\"display:inherit;clear:left;\">equity attributable to the group at the date the transaction was completed.</span><span style=\"display:inherit;clear:left;\">Other reserves</span><span style=\"display:inherit;clear:left;\">Other reserves of \u20ac170 million (\u20ac212 million at 31 December 2022) mainly refer to the portions of other comprehensive </span><span style=\"display:inherit;clear:left;\">income of investments accounted for using the equity method, in particular<span class=\"_ _1\"></span>, to changes in the fair value of hedging </span><span style=\"display:inherit;clear:left;\">derivatives. </span><span style=\"display:inherit;clear:left;\">23.5 <span class=\"_ _85\"> </span>Retained earnings  <span class=\"_ _13\"> </span> </span><span style=\"display:inherit;clear:left;\">Retained earnings (\u20ac4,328 million) include:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>profits from previous years, amounting to \u20ac3,571 million (\u20ac3,822 million at 31 December 2022); the reduction of \u20ac251 </span><span style=\"display:inherit;clear:left;\">million, compared to 31 December 2022, is due to the use of part of the retained earnings reserve for the distribution of </span><span style=\"display:inherit;clear:left;\">the 2022 dividend;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the advance payment of \u20ac378 million, equal to \u20ac0.1128 per share, approved on 8 November 2023 by the Board of </span><span style=\"display:inherit;clear:left;\">Directors pursuant to Article 2433-bis, paragraph 5, of the Italian Civil Code. The interim payment was made on 24 </span><span style=\"display:inherit;clear:left;\">January 2024, with ex-dividend date on 22 Januar<span class=\"_ _0\"></span>y 2024 and record date on 23 Januar<span class=\"_ _0\"></span>y 2024;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>profit for thefinancial year 2023, amounting to \u20ac1,135 million.</span><span style=\"display:inherit;clear:left;\">23.6 <span class=\"_ _85\"> </span>Dividends declared and distributed and dividends to be distributed</span><span style=\"display:inherit;clear:left;\">On 4 May 2023, the Ordinary Shareholders' Meeting of Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. resolved to distribute an interim dividend of \u20ac0.1651 </span><span style=\"display:inherit;clear:left;\">per share, payable as of 21 June 2023 with ex-dividend date on 19 June 2023 and record date on 20 June 2023 (\u20ac553 </span><span style=\"display:inherit;clear:left;\">million). The dividend for the financial year 2022 is therefore determined between an interim dividend of \u20ac0.1100 per </span><span style=\"display:inherit;clear:left;\">share (\u20ac369 million), already distributed in January 2023, and the balance of \u20ac0.2751 per share.  </span><span style=\"display:inherit;clear:left;\">The Board of Directors, in its meeting of 13 March 2024, proposed to the Shareholders' Meeting convened for 7 </span><span style=\"display:inherit;clear:left;\">May 2024, the distribution of a dividend of \u20ac0.1692 per share, which will be payable as of 26 June 2024 with ex-</span><span style=\"display:inherit;clear:left;\">dividend date on 24 June 2024 and record date on 25 June 2024. The dividend for the financial year 2023 is therefore </span><span style=\"display:inherit;clear:left;\">determined between an interim dividend of \u20ac0.1128 per share (\u20ac378 million), already distributed in January 2024, and </span><span style=\"display:inherit;clear:left;\">the balance of \u20ac0.2820 per share.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__75": {
   "value": "<span style=\"display:inherit;clear:left;\">23.1 <span class=\"_ _85\"> </span>Share capital</span><span style=\"display:inherit;clear:left;\">The share capital at 31 December 2023 consisted of 3,360,857,809 shares without nominal value (unchanged from 31 </span><span style=\"display:inherit;clear:left;\">December 2022), with a total value of \u20ac2,735,670,475.56 (unchanged from 31 December 2022).</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__76": {
   "value": "<span style=\"display:inherit;clear:left;\">23.2 <span class=\"_ _85\"> </span>T<span class=\"_ _1\"></span>reasury shares</span><span style=\"display:inherit;clear:left;\">The negative reserve for the purchase of treasur<span class=\"_ _0\"></span>y shares includes the purchase cost of 7,244,579 treasur<span class=\"_ _0\"></span>y shares at 31 </span><span style=\"display:inherit;clear:left;\">December 2023 (8,101,437 treasury shares, equal to 0.24% of the share capital, at 31 December 2022, equal to 0.22% of </span><span style=\"display:inherit;clear:left;\">the share capital), for a book value of \u20ac30 million (\u20ac33 million at 31 December 2022). The market value of treasury shares </span><span style=\"display:inherit;clear:left;\">32</span><span style=\"display:inherit;clear:left;\">at 31 December 2023 amounts to approximately \u20ac34 million</span><span style=\"display:inherit;clear:left;\">. </span><span style=\"display:inherit;clear:left;\">32 <span class=\"_ _94\"> </span>Calculated by multiplying the number of treasury shares by the period-end official price of \u20ac4.655 per share.</span><span style=\"display:inherit;clear:left;\">In compliance with the provisions of Article 2428 of the Italian Civil Code, the treasury shares held by the Company at 31 </span><span style=\"display:inherit;clear:left;\">December 2023 are analysed in the table below: </span><span style=\"display:inherit;clear:left;position:relative;height:434.693359375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 686.828px; top: 0.0078125px; width: 35.6426px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Share </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 401.797px; top: 6.75781px; width: 48.6855px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Number </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 466.125px; top: 6.75781px; width: 77.3027px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">verage c</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ost </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 594.578px; top: 6.75781px; width: 59.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal c</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ost </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 678.797px; top: 13.5078px; width: 43.7695px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Capital </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 395.031px; top: 20.2578px; width: 52.6465px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of shares</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 506.188px; top: 20.2578px; width: 34.4766px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(eur</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 568.547px; top: 20.2578px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 699.359px; top: 27.0078px; width: 22.4414px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(%) </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.8887px; width: 719.033px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">reasury shares at 31 December 2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.92px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">88,556,228</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.999</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.5509px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">354</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2.63</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 106.545px; width: 95.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Movements 2022</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.857px; width: 650.977px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Shares allocated for con</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">version of the Con</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vertible Bond</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(-)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9023px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">79,444,888</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.998</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.5509px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">318</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.17px; width: 293.514px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 2.30859px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Shares granted free of charge under the 2019 st</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ock  </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 354.938px; top: 165.92px; width: 297.006px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(-)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,760,307</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4.000</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 9.25px; top: 172.67px; width: 75.9609px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">incentive plan</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.998px; width: 650.678px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Purchases 2022 (sell to co</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ver)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 184.881px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(+)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2168px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">750,404</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4.908</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 251.639px; width: 718.729px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">reasury shares at 31 December 2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 184.881px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8,101,437</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4.076</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.9142px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">33</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.24</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 304.295px; width: 95.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Movements 2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 330.607px; width: 293.537px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">-  </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Shares granted free of charge under the 2020 stock  </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 354.938px; top: 337.357px; width: 92.8125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(-)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,468,158</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 9.25px; top: 344.107px; width: 75.9609px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">incentive plan</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 370.436px; width: 446.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">-  </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Purchases 2023 (sell to cover)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 182.455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(+)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">611,300</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 423.076px; width: 718.729px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">reasury shares at 31 December 2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 184.881px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7,244,579</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4.133</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.9142px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">30</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.22</span></span></span><span style=\"display:inherit;clear:left;\">The reduction in the number of treasury shares compared to 31 December 2022 is attributable to the free assignment </span><span style=\"display:inherit;clear:left;\">of 1,468,158 shares to Snam executives under the 2020 Share-based Incentive Plan, the vesting period of which expired </span><span style=\"display:inherit;clear:left;\">in July 2023, and to the concurrent purchase, by the assignee executives, of 611,300 shares to cover the amount of </span><span style=\"display:inherit;clear:left;\">taxes owed by the assignees. </span><span style=\"display:inherit;clear:left;\">The Ordinary Shareholders' Meeting of Snam, held on 4 May 2023, authorised, after revoking the resolution to </span><span style=\"display:inherit;clear:left;\">authorise the purchase of treasury shares taken by the Ordinary Shareholders' Meeting on 27 April 2022, for the </span><span style=\"display:inherit;clear:left;\">portion remaining unexecuted, the purchase of treasury shares, to be made on one or more occasions through one </span><span style=\"display:inherit;clear:left;\">or more primary intermediaries appointed by Snam S<span class=\"_ _0\"></span>.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>., for a maximum duration of 18 months from the date of </span><span style=\"display:inherit;clear:left;\">the Shareholders' Meeting, with a maximum disbursement of \u20ac500 million and up to a maximum of 4.5% of the share </span><span style=\"display:inherit;clear:left;\">capital subscribed and released.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__77": {
   "value": "<span style=\"display:inherit;clear:left;\">23.6 <span class=\"_ _85\"> </span>Dividends declared and distributed and dividends to be distributed</span><span style=\"display:inherit;clear:left;\">On 4 May 2023, the Ordinary Shareholders' Meeting of Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. resolved to distribute an interim dividend of \u20ac0.1651 </span><span style=\"display:inherit;clear:left;\">per share, payable as of 21 June 2023 with ex-dividend date on 19 June 2023 and record date on 20 June 2023 (\u20ac553 </span><span style=\"display:inherit;clear:left;\">million). The dividend for the financial year 2022 is therefore determined between an interim dividend of \u20ac0.1100 per </span><span style=\"display:inherit;clear:left;\">share (\u20ac369 million), already distributed in January 2023, and the balance of \u20ac0.2751 per share.  </span><span style=\"display:inherit;clear:left;\">The Board of Directors, in its meeting of 13 March 2024, proposed to the Shareholders' Meeting convened for 7 </span><span style=\"display:inherit;clear:left;\">May 2024, the distribution of a dividend of \u20ac0.1692 per share, which will be payable as of 26 June 2024 with ex-</span><span style=\"display:inherit;clear:left;\">dividend date on 24 June 2024 and record date on 25 June 2024. The dividend for the financial year 2023 is therefore </span><span style=\"display:inherit;clear:left;\">determined between an interim dividend of \u20ac0.1128 per share (\u20ac378 million), already distributed in January 2024, and </span><span style=\"display:inherit;clear:left;\">the balance of \u20ac0.2820 per share.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__78": {
   "value": "<span style=\"display:inherit;clear:left;\">24) <span class=\"_ _35\"> </span>BUSINESS COMBINA<span class=\"_ _1\"></span>TIONS </span><span style=\"display:inherit;clear:left;\">Information on business combination transactions carried out during 2023, recognised in accordance with the provisions </span><span style=\"display:inherit;clear:left;\">of IFRS 3 'Business Combinations' for which, as the definition of a Business Combination (BC) is applicable, Purchase Price </span><span style=\"display:inherit;clear:left;\">Allocation (PP<span class=\"_ _c\"></span>A) activities were performed, is presented below.</span><span style=\"display:inherit;clear:left;\">Acquisitions completed during 2023 that fall within the definition of 'Business Combinations' under IFRS 3</span><span style=\"display:inherit;clear:left;\">During 2023, control was acquired of 10 companies operating in the biogas/biomethane business. Consistent with the </span><span style=\"display:inherit;clear:left;\">33</span><span style=\"display:inherit;clear:left;\">definition of the Group's C<span class=\"_ _c\"></span>GUs, eight companies were included within the Biomethane Agri CGU</span><span style=\"display:inherit;clear:left;\"> and two companies </span><span style=\"display:inherit;clear:left;\">34</span><span style=\"display:inherit;clear:left;\">within the Biomethane Waste CGU</span><span style=\"display:inherit;clear:left;\">. </span><span style=\"display:inherit;clear:left;\">For the purposes of the Annual Report 2023, the company made a preliminary allocation of the purchase price; the </span><span style=\"display:inherit;clear:left;\">process of identifying the fair value of the assets and liabilities acquired will be completed in the following period, within </span><span style=\"display:inherit;clear:left;\">12 months of each respective acquisition date.   </span><span style=\"display:inherit;clear:left;\">The acquisitions pertaining to the Biomethano Agri CGU were completed for a total consideration of \u20ac32 million, including </span><span style=\"display:inherit;clear:left;\">the estimated earn-outs provided for in the contract. The preliminar<span class=\"_ _0\"></span>y allocation of the acquisition price resulted in the </span><span style=\"display:inherit;clear:left;\">recognition of goodwill equal to \u20ac13 million and the recognition of \u20ac14 million allocated to intangible assets (attributable </span><span style=\"display:inherit;clear:left;\">to the fair value of the authorisations of the plants held by the companies subject to acquisition), in addition to related </span><span style=\"display:inherit;clear:left;\">deferred taxes of \u20ac4 million. </span><span style=\"display:inherit;clear:left;\">With reference to the acquisitions pertaining to the Biomethane Waste CGU<span class=\"_ _1\"></span>, for a total consideration of \u20ac67 million </span><span style=\"display:inherit;clear:left;\">including the estimated earn-outs contractually provided for<span class=\"_ _1\"></span>, the preliminar<span class=\"_ _0\"></span>y allocation of the acquisition price resulted </span><span style=\"display:inherit;clear:left;\">in goodwill of \u20ac11 million and the recognition of \u20ac32 million allocated to intangible assets and property, plant and </span><span style=\"display:inherit;clear:left;\">equipment, in addition to related deferred taxes of \u20ac9 million. </span><span style=\"display:inherit;clear:left;\">33 <span class=\"_ _94\"> </span>The following companies were acquired: 1) Agriwatt Castel Goffredo Societ\u00e0 Agricola a r<span class=\"_ _c\"></span>.l., 2) Soragna Agroenergie Societ\u00e0 Agricola S.r.l., 3) Zibello </span><span style=\"display:inherit;clear:left;\">Agroenergie Societ\u00e0 Agricola S.r.l., 4) Bietifin S.r<span class=\"_ _1\"></span>.l., 5) Moglia Energia Societ\u00e0 Agricola a r.l., 6) MST S.r<span class=\"_ _c\"></span>.l., 7) Societ\u00e0 Agricola Agrimetano Ro S.r.l., 8) Societ\u00e0 </span><span style=\"display:inherit;clear:left;\">Agricola Pozzonovo S.r<span class=\"_ _1\"></span>.l..</span><span style=\"display:inherit;clear:left;\">34 <span class=\"_ _94\"> </span>The following companies were acquired: 1) CH4 Energy S.r.l., 2) Biowaste CH4 Legnano S.r<span class=\"_ _1\"></span>.l.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__79": {
   "value": "<span style=\"display:inherit;clear:left;\">26) <span class=\"_ _2a\"> </span>GUARANTEES AND <span class=\"_ _2\"></span>COMMITMENTS </span><span style=\"display:inherit;clear:left;\">The Group's guarantees and commitments are indicated below: </span><span style=\"display:inherit;clear:left;position:relative;height:342.79296875px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 471.217px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 505.4px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">GUARANTEES GIVEN ON BEHALF OF COMP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ANIES UNDER JOINT CONTROL AND ASSOCIA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TED </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 586.234px; top: 33.6387px; width: 132.527px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,230</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,129</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 40.3887px; width: 65.9707px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">COMP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ANIES</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.7168px; width: 716.191px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of which:</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 664.331px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0293px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- associated company T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 451.729px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,129</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,129</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.342px; width: 716.191px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- company under joint contr</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ol T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AG</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 426.022px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">89</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.2051px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.67px; width: 716.303px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- other associated companies</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 451.301px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.9142px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 171.982px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">GUARANTEES GIVEN ON BEHALF OF SUBSIDIARIES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 320.719px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">632</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">371</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.295px; width: 718.652px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL GU</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ARANTEES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 469.762px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,862</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,500</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 224.607px; width: 719.027px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">GROUP COMMIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">MENTS FOR THE PURCHASE OF GOODS AND SERVICES (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 184.172px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,058</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,407</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 250.936px; width: 718.74px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">COMMIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">MENTS FOR THE SUBSCRIPTION OF INVESTMENT FUND UNITS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 217.014px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">41</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">40</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 277.248px; width: 718.916px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">COMMIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">MENTS FOR THE SUBSCRIPTION OF SHARES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 324.334px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">28</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 303.561px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OMMITMENTS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 458.831px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,105</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,475</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 333.801px; width: 269.631px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)  The value includes legally binding orders at the reporting date.</span></span></span><span style=\"display:inherit;clear:left;\">26.1 <span class=\"_ _85\"> </span>Guarantees given on behalf of companies under joint control and associated </span><span style=\"display:inherit;clear:left;\">companies</span><span style=\"display:inherit;clear:left;\">26.1.1 <span class=\"_ _10\"> </span>Guarantee provided on behalf of the associated company T<span class=\"_ _1\"></span>AP  </span><span style=\"display:inherit;clear:left;\">At present and until the repayment of the loan, a mechanism is in place to support the repayment of T<span class=\"_ _1\"></span>AP's outstanding </span><span style=\"display:inherit;clear:left;\">debt ('Debt Payment Undertaking') which would be activated, unlike the first<span class=\"_ _1\"></span>-demand guarantee, released with reaching </span><span style=\"display:inherit;clear:left;\">the 'Financial Completion Date' on 31 March 2021, upon the occurrence of specific and determined conditions link<span class=\"_ _c\"></span>ed to </span><span style=\"display:inherit;clear:left;\">exceptional events of an extraordinary nature. The maximum pro-rata amount for Snam of the guarantee is \u20ac1,129 million.</span><span style=\"display:inherit;clear:left;\">The financial documentation signed in the context of the Project Financing concluded for T<span class=\"_ _1\"></span>AP also provides for certain </span><span style=\"display:inherit;clear:left;\">limitations for shareholders that are typical for transactions of this type, including: (i) a limitation on the possibility of </span><span style=\"display:inherit;clear:left;\">freely disposing of shares in T<span class=\"_ _1\"></span>AP according to certain timelines; (ii) the pledge of the shares held by Snam in T<span class=\"_ _c\"></span>AP in favour </span><span style=\"display:inherit;clear:left;\">of the lenders for the entire duration of the loan.</span><span style=\"display:inherit;clear:left;\">26.2 <span class=\"_ _85\"> </span>Guarantees given on behalf of subsidiaries</span><span style=\"display:inherit;clear:left;\">Guarantees given on behalf of subsidiaries (\u20ac371 million; \u20ac632 million at 31 December 2022) mainly relate to:</span><span style=\"display:inherit;clear:left;\">(i) <span class=\"_ _84\"> </span>guarantees provided in favour of the Revenue Agency mainly on behalf of the subsidiaries Stogit, GNL<span class=\"_ _0\"></span>, Greenture and </span><span style=\"display:inherit;clear:left;\">Bioenerys Agri (\u20ac154 million); </span><span style=\"display:inherit;clear:left;\">(ii) <span class=\"_\"> </span>indemnities issued in favour of third parties as a performance bond (\u20ac76 million);</span><span style=\"display:inherit;clear:left;\">(iii) the Parent Company Guarantee provided in the interest of Snam FSRU Italia S.r.l. issued with the signing of the </span><span style=\"display:inherit;clear:left;\">Development Agreement for the engineering, procurement, modifications, installation and commissioning of the FSRU </span><span style=\"display:inherit;clear:left;\">\"BW Singapore\", in favour of the contractor BW Fleet Management AS (\u20ac32 million). </span><span style=\"display:inherit;clear:left;\">26.3 <span class=\"_ _85\"> </span>Impegni del gruppo per l\u2019acquisto di beni e servizi </span><span style=\"display:inherit;clear:left;\">Commitments for the purchase of goods and services (\u20ac2,407 million; \u20ac2,058 million at 31 December 2022) mainly relate </span><span style=\"display:inherit;clear:left;\">to commitments undertaken with suppliers for the purchase of plant, property and equipment, and the provision of </span><span style=\"display:inherit;clear:left;\">services related to investments in progress.</span><span style=\"display:inherit;clear:left;\">26.4 <span class=\"_ _85\"> </span>Commitments to subscribe to investment fund units and shares</span><span style=\"display:inherit;clear:left;\">Commitments to subscribe to investment fund units (\u20ac40 million; \u20ac41 million at 31 December 2022) concern: (i) Snam </span><span style=\"display:inherit;clear:left;\">S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.'s residual commitment to the Clean H2 Infra Fund (HY24) (\u20ac28 million), as part of the investment programme that </span><span style=\"display:inherit;clear:left;\">the fund proposes to carry out over a total of six years from the final closing date (13 December 2023); (ii) commitments </span><span style=\"display:inherit;clear:left;\">to the CDP Corporate Partners I - Energy T<span class=\"_ _1\"></span>ech Fund (\u20ac12 million), as part of the investment programme that the fund </span><span style=\"display:inherit;clear:left;\">proposes to carry out over a total of five years from the first closing date (18 May 2022). Such funds may be called up, </span><span style=\"display:inherit;clear:left;\">even partially and in several tranches, upon the identification by the Fund of potential eligible investments pursuant to the </span><span style=\"display:inherit;clear:left;\">Fund's Regulation.</span><span style=\"display:inherit;clear:left;\">Commitments for the subscription of shares (\u20ac28 million; \u20ac6 million at 31 December 2022) essentially refer to the </span><span style=\"display:inherit;clear:left;\">agreements signed by Snam International B.<span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>. as part of the transaction that led the latter to hold an equity investment in </span><span style=\"display:inherit;clear:left;\">dCarbonX.</span><span style=\"display:inherit;clear:left;\">26.5 <span class=\"_ _85\"> </span>Other commitments and related risks not valued  </span><span style=\"display:inherit;clear:left;\">Other commitments and related risks not valued mainly refer to commitments undertaken at the time of closing equity </span><span style=\"display:inherit;clear:left;\">purchase transactions, intended to operate also after the date of execution of such transactions.</span><span style=\"display:inherit;clear:left;\">At 31 December 2023, the commitment was still in place related to the contract for the purchase from Eni of Stogit, for </span><span style=\"display:inherit;clear:left;\">commitments related to the occurrence of future events, such as: (i) the possible different valuation of the gas owned </span><span style=\"display:inherit;clear:left;\">by Stogit, compared to the valuation recognised by ARER<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>, the energy regulator<span class=\"_ _c\"></span>, that could arise in certain contractually </span><span style=\"display:inherit;clear:left;\">defined circumstances; (ii) the possible transfer of storage capacity that should become freely available on a negotiated </span><span style=\"display:inherit;clear:left;\">basis and no longer regulated, or the transfer of concessions, among those held by Stogit, at the time of the transfer of </span><span style=\"display:inherit;clear:left;\">the shares that may be dedicated primarily to storage activities no longer subject to regulation.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__80": {
   "value": "<span style=\"display:inherit;clear:left;\">27) <span class=\"_ _35\"> </span>FINANCIAL RISK MANAGEMENT</span><span style=\"display:inherit;clear:left;\">27.1 Introduction</span><span style=\"display:inherit;clear:left;\">In the area of business risks, the main financial risks identified, monitored and, to the extent specified below, managed by </span><span style=\"display:inherit;clear:left;\">Snam are as follows: </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the risk arising from exposure to interest rate fluctuations;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the credit risk arising from the possibility of default by a counterparty; </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>liquidity risk arising from a lack of financial resources to meet short-term commitments.</span><span style=\"display:inherit;clear:left;\">In relation to the risk of exposure to changes in exchange rates, due to the cases currently in place, the Snam group<span class=\"_ _c\"></span>'s </span><span style=\"display:inherit;clear:left;\">exposure is currently limited with reference to transactional risk, while exposure to translation risk remains with reference </span><span style=\"display:inherit;clear:left;\">to certain foreign subsidiaries that prepare their financial statements in currencies other than the euro. At present, it has </span><span style=\"display:inherit;clear:left;\">been decided not to adopt specific hedging policies for these exposures. In this regard, it should be noted that the effects </span><span style=\"display:inherit;clear:left;\">of exchange rate differences arising from the translation into the presentation currency (euro) of the functional currencies </span><span style=\"display:inherit;clear:left;\">of these companies are recognised in the Statement of Comprehensive Income.   </span><span style=\"display:inherit;clear:left;\">With regard to the risk arising from fluctuations in commodity prices, Snam's objective is to protect the value of cash flows </span><span style=\"display:inherit;clear:left;\">from unfavourable movements in the risk component to which it has exposure, by trading derivative instruments in order </span><span style=\"display:inherit;clear:left;\">to mitigate this price risk. </span><span style=\"display:inherit;clear:left;\">Financial risk management and control is overseen centrally by Snam and is aimed at defining and monitoring financial </span><span style=\"display:inherit;clear:left;\">structure objectives and corresponding risk limits, in order to preserve financial sustainability and rating. Snam therefore </span><span style=\"display:inherit;clear:left;\">develops strategies and Key Risk Indicators (KRI) for optimising and controlling the risk profile, taking into account </span><span style=\"display:inherit;clear:left;\">the context in which it operates, the Risk Appetite Framework and the overall value system produced by the Group<span class=\"_ _c\"></span>'s </span><span style=\"display:inherit;clear:left;\">businesses. </span><span style=\"display:inherit;clear:left;\">The following is a description of Snam's policies and principles for the management and control of financial risks, in </span><span style=\"display:inherit;clear:left;\">accordance with the approach required by IFRS 7 - Financial Instruments: additional disclosures.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__81": {
   "value": "<span style=\"display:inherit;clear:left;\">27.2 <span class=\"_ _85\"> </span>Risk of changes in interest rates </span><span style=\"display:inherit;clear:left;\">The risk of changes in interest rates relates to fluctuations in interest rates that affect the market value of the company's </span><span style=\"display:inherit;clear:left;\">financial assets and liabilities, the level of net financial expenses, and, specifically, the level of revenues recognised in </span><span style=\"display:inherit;clear:left;\">respect of regulated businesses. </span><span style=\"display:inherit;clear:left;\">Snam's objective is to optimise interest rate risk in pursuit of the objectives defined and approved in the Strategic Plan. </span><span style=\"display:inherit;clear:left;\">The Snam Group adopts a centralised operating organisational model. In accordance with this model, Snam's structures </span><span style=\"display:inherit;clear:left;\">ensure that needs are covered through access to financial markets and the deployment of funds, in line with approved </span><span style=\"display:inherit;clear:left;\">objectives, guaranteeing that the risk profile is maintained within defined limits. </span><span style=\"display:inherit;clear:left;\">At 31 December 2023, the Snam Group had used external financial resources in the form of debenture loans and bilateral </span><span style=\"display:inherit;clear:left;\">and syndicated loan agreements with banks and other lenders, in the form of financial debt and bank credit lines at </span><span style=\"display:inherit;clear:left;\">interest rates indexed to market benchmark rates, and in particular the E<span class=\"_ _c\"></span>urope Interbank Offered Rate (Euribor), and at </span><span style=\"display:inherit;clear:left;\">fixed rates. The exposure to the risk of changes in interest rates at 31 December 2023, taking into account the hedging </span><span style=\"display:inherit;clear:left;\">transactions put in place, was about 30% of the group's total exposure (20% at 31 December 2022). At 31 December 2023, </span><span style=\"display:inherit;clear:left;\">Snam had Interest Rate Swap (IRS) derivative contracts in place with a notional amount totalling \u20ac487 million. Hedges </span><span style=\"display:inherit;clear:left;\">against interest rate changes refer to: (i) a variable-rate debenture loan maturing in 2024 (\u20ac106 million); (ii) variable-rate </span><span style=\"display:inherit;clear:left;\">bank loans with maturities between 2032 and 2035 (a total of \u20ac381 million).</span><span style=\"display:inherit;clear:left;\">Although the Snam Group has an active risk management policy, consistent with the revenue recognition mechanism, </span><span style=\"display:inherit;clear:left;\">an increase in interest rates on unhedged variable-rate debt could have a negative impact on the Snam Group's business </span><span style=\"display:inherit;clear:left;\">and financial position. Despite considering the limited exposure to changes in interest rates, which is limited to 30% of </span><span style=\"display:inherit;clear:left;\">the Group's total exposure and is fully attributable to the E<span class=\"_ _c\"></span>uribor rate, a possible change in the method of calculating the </span><span style=\"display:inherit;clear:left;\">latter and the related \"fallback\" clauses that may be formulated, could entail the need for the Snam Group to adjust the </span><span style=\"display:inherit;clear:left;\">financial contracts that may be impacted by the aforementioned change and/or the management of forward-looking cash </span><span style=\"display:inherit;clear:left;\">flows.</span><span style=\"display:inherit;clear:left;\">The following table shows the impact on equity and the net result for the year ended 31 December 2023 of a hypothetical </span><span style=\"display:inherit;clear:left;\">positive and negative change of 10 basis points (bps) in interest rates actually applied during the year: </span><span style=\"display:inherit;clear:left;position:relative;height:209.328125px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 592.859px; top: 0.0136718px; width: 60.9141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 555.938px; top: 26.3262px; width: 136.98px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Income statement result</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 32.5078px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 571.453px; top: 52.0703px; width: 49.3008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Interest </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 673.219px; top: 52.0703px; width: 49.3008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Interest </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 573.375px; top: 65.5703px; width: 43.6465px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">+10 bps</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 678.797px; top: 65.5703px; width: 40.9102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">-10 bps</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 92.4512px; width: 175.863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-hedged variable-rate loans</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 118.779px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Effect of interest rate change</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 441.705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.092px; width: 718.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impacts before tax effect</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 465.57px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 171.404px; width: 719.197px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ax effect</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 555.604px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.7267px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 197.717px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IMP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ACT NET OF T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">X EFFECT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 443.351px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span></span><span style=\"display:inherit;clear:left;\">The effects on other components of comprehensive income, resulting from the above hypothetical change in variable-rate </span><span style=\"display:inherit;clear:left;\">loans converted through IRS into fixed-rate loans, were less than \u20ac1 million.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__82": {
   "value": "<span style=\"display:inherit;clear:left;\">27.3 <span class=\"_ _85\"> </span>Credit risk </span><span style=\"display:inherit;clear:left;\">Credit risk represents the company's exposure to potential losses arising from the failure of counterparties to meet </span><span style=\"display:inherit;clear:left;\">their obligations. The non-payment or delayed payment of amounts due could adversely affect Snam's economic results </span><span style=\"display:inherit;clear:left;\">and financial equilibrium. With regard to the risk of counterparty default in contracts of a commercial nature, credit </span><span style=\"display:inherit;clear:left;\">management is entrusted to the responsibility of the business units and to Snam's centralised functions for activities </span><span style=\"display:inherit;clear:left;\">related to credit recovery and any litigation management. </span><span style=\"display:inherit;clear:left;\">For trade receivables, provisions for bad debts reflect the value of expected losses over the life of the receivable and </span><span style=\"display:inherit;clear:left;\">are determined on a collective basis according to the expected credit loss model, in line with the requirements of the </span><span style=\"display:inherit;clear:left;\">relevant accounting standards, or on the basis of individual and analytical assessments for credit exposures that present </span><span style=\"display:inherit;clear:left;\">specific risk elements (e.g., litigation or in the presence of detailed information available on the recoverability of the </span><span style=\"display:inherit;clear:left;\">exposure). For further details, please refer to Note 5 'Significant Accounting Policies<span class=\"_ _c\"></span>' - 'Non-derivative financial assets - </span><span style=\"display:inherit;clear:left;\">receivables and debt securities'.</span><span style=\"display:inherit;clear:left;\">As far as regulated activities are concerned Snam provides its business ser<span class=\"_ _0\"></span>vices to 450 operators in the gas sector<span class=\"_ _c\"></span>, </span><span style=\"display:inherit;clear:left;\">taking into account that the top 10 operators account for about 64% of the entire market (Eni, Enel Global T<span class=\"_ _1\"></span>rading and </span><span style=\"display:inherit;clear:left;\">Edison in the top three places). The rules for customer access to the services offered are laid down by the Authority </span><span style=\"display:inherit;clear:left;\">and are set out in the Codes, i.e. in documents that establish, for each type of service, the rules governing the rights </span><span style=\"display:inherit;clear:left;\">and obligations of the parties involved in the process of selling and providing the services themselves, and that define </span><span style=\"display:inherit;clear:left;\">contractual clauses which significantly reduce the risks of non-compliance by customers. The Codes provide for the </span><span style=\"display:inherit;clear:left;\">granting of guarantees to cover the obligations undertaken. In certain cases, if the customer has a credit rating issued </span><span style=\"display:inherit;clear:left;\">by leading international bodies, the furnishing of these guarantees may be mitigated. The regulatory framework has </span><span style=\"display:inherit;clear:left;\">also provided for specific clauses in order to guarantee the neutrality of the entity in charge of the Balancing activity, </span><span style=\"display:inherit;clear:left;\">which has been carried out since 1 December 2011 by Snam Rete Gas in its capacity as a major transportation company.<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">In particular<span class=\"_ _1\"></span>, the current balancing regulation requires Snam, on the basis of economic merit criteria, to operate </span><span style=\"display:inherit;clear:left;\">mainly by buying and selling via the GME balancing platform, in order to guarantee the resources necessary for the </span><span style=\"display:inherit;clear:left;\">safe and efficient movement of gas from the entry points to the withdrawal points, to ensure the constant balance of </span><span style=\"display:inherit;clear:left;\">the network. For regulated assets, the model for determining expected losses considers the guarantee and hedging </span><span style=\"display:inherit;clear:left;\">mechanisms described above.</span><span style=\"display:inherit;clear:left;\">Within the activities relating to the energy efficiency business, the credit risk is strongly mitigated by the use of </span><span style=\"display:inherit;clear:left;\">incentive tools (Ecobonus-Sismabonus-Superbonus) (however influenced by the risk of managing the obligations </span><span style=\"display:inherit;clear:left;\">relating to \"Superbonus\" and \"Minor Bonus \u201d) which guarantee financial coverage of significant portions of the amounts </span><span style=\"display:inherit;clear:left;\">of the interventions.</span><span style=\"display:inherit;clear:left;\">Snam's maximum exposure to credit risk at 31 December 2023 is represented by the book value of the financial assets </span><span style=\"display:inherit;clear:left;\">shown in the financial statements, commented on in Note 15 'T<span class=\"_ _c\"></span>rade and other receivables'.</span><span style=\"display:inherit;clear:left;\">The breakdown of trade and other receivables by seniority is shown below<span class=\"_ _c\"></span>, with an indication of the gross value and the </span><span style=\"display:inherit;clear:left;\">value net of the provision for bad debt:<span class=\"ls1\"> </span></span><span style=\"display:inherit;clear:left;position:relative;height:263.83984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 315.203px; top: 0.0078125px; width: 315.322px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 194.455px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 19.9141px; width: 85.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> (million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 269.406px; top: 26.3203px; width: 35.2734px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 353.797px; top: 26.3203px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 524.422px; top: 26.3359px; width: 35.2734px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 608.828px; top: 26.3359px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 434.047px; top: 33.0859px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 688.844px; top: 33.0859px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 222.594px; top: 39.8203px; width: 78.5156px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rec</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eivables (</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">*)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 322.328px; top: 39.8203px; width: 68.0391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rec</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eivables </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 478.844px; top: 39.8359px; width: 78.5156px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rec</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eivables (</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">*)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 577.109px; top: 39.8359px; width: 68.0391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">rec</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eivables </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.7324px; width: 718.846px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Receivables not past due </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 130.195px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,686</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">380</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,066</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,624</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">146</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,770</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0449px; width: 719.133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Receivables past due</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 165px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">558</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.463px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">558</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.621px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">735</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.463px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">735</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.357px; width: 718.723px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">   - 0 to 3 months</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 194.455px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">345</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.463px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">345</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.2772px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">189</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 140.783px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">189</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.686px; width: 719.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">   - 3 to 6 months</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 201.504px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">60</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.102px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">60</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.8105px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.102px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">19</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 171.998px; width: 719.232px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">   - 6 to 12 months</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 194.455px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.102px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.2772px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">315</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.463px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">315</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.311px; width: 719.027px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">   - over 12 months</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 182.455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">130</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 140.783px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">130</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.2772px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">212</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.463px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">212</span></span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 224.623px; width: 718.934px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal trade and other receivables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,244</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">380</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,624</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,359</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">146</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,505</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 254.848px; width: 474.41px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">*  The exposure is net of past due and impaired loans amounting to \u20ac160 million (\u20ac100 million at 31 December 2022).</span></span></span><span style=\"display:inherit;clear:left;\">The net book value of trade receivables due at 31 December 2023 and not written down, amounting to \u20ac735 million, </span><span style=\"display:inherit;clear:left;\">mainly refers to trade receivables of companies operating in regulated businesses; in particular the item refers to: (i) </span><span style=\"display:inherit;clear:left;\">the transportation segment (\u20ac589 million), mainly for receivables from users related to default service items. For these </span><span style=\"display:inherit;clear:left;\">receivables, the hedging mechanisms provided for in the current regulatory framework are in place; (ii) the storage </span><span style=\"display:inherit;clear:left;\">sector (\u20ac77 million), in particular V<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>T invoiced to users for the use of strategic gas unduly withdrawn and not restored by </span><span style=\"display:inherit;clear:left;\">them within the deadlines established by the Storage Code during the 2010 and 2011 financial years. As provided for by </span><span style=\"display:inherit;clear:left;\">regulations in force, V<span class=\"_ _1\"></span>A<span class=\"_ _c\"></span>T variation notes may be issued at the end of insolvency proceedings and enforcement procedures </span><span style=\"display:inherit;clear:left;\">that have remained unsuccessful.</span><span style=\"display:inherit;clear:left;\">The following is a description of debt collection activities involving certain users of the transmission and balancing system </span><span style=\"display:inherit;clear:left;\">as well as the storage system. </span><span style=\"display:inherit;clear:left;\">2<span class=\"_ _c\"></span>7.<span class=\"_ _1\"></span>3.<span class=\"_ _1\"></span>1 <span class=\"_\"> </span>Recovery of receivables from certain users of the transmission and balancing system  </span><span style=\"display:inherit;clear:left;\">The balancing service ensures the security of the network and the proper allocation of costs among market players. </span><span style=\"display:inherit;clear:left;\">Balancing has a dual meaning: physical and commercial. The physical balancing of the system is the set of operations by </span><span style=\"display:inherit;clear:left;\">which Snam Rete Gas, through its Dispatching Department, controls the flow parameters (flow rates and pressures) in real </span><span style=\"display:inherit;clear:left;\">time in order to guarantee the safe and efficient movement of gas from the injection points to the withdrawal points at all </span><span style=\"display:inherit;clear:left;\">times. Commercial balancing is the set of activities necessary for the correct scheduling, accounting and allocation of the </span><span style=\"display:inherit;clear:left;\">gas transported, as well as the system of fees that incentivises users to maintain equality between the quantities injected </span><span style=\"display:inherit;clear:left;\">into and withdrawn from the network. </span><span style=\"display:inherit;clear:left;\">Pursuant to the current balancing regime, introduced by resolution ARG/gas 45/11, which entered into force on 1 </span><span style=\"display:inherit;clear:left;\">December 2011, Snam Rete Gas, in its capacity as Balancing Manager<span class=\"_ _1\"></span>, is required to procure the quantities of gas </span><span style=\"display:inherit;clear:left;\">necessary to balance the system and offered on the market by the Users, through a dedicated platform of Gestore dei </span><span style=\"display:inherit;clear:left;\">Mercati Energetici (GME) and, consequently<span class=\"_ _c\"></span>, provides for the economic regulation of individual unbalanced positions </span><span style=\"display:inherit;clear:left;\">through purchases and sales of gas on the basis of a reference unit price (the so-called principle of economic merit). The </span><span style=\"display:inherit;clear:left;\">Company is also obliged to recover sums used from non-payers to settle their unbalanced positions. </span><span style=\"display:inherit;clear:left;\">Unpaid receivables for the period between 1 December 201<span class=\"_ _1\"></span>1 and 23 October 2012</span><span style=\"display:inherit;clear:left;\">The regulatory framework initially established by the Authority with resolution ARG/gas 155/11 obliged users to provide </span><span style=\"display:inherit;clear:left;\">specific guarantees to cover their exposure and, where Snam Rete Gas had acted diligently and failed to recover the costs </span><span style=\"display:inherit;clear:left;\">connected with the provision of the service, these costs would be recovered through a specific fee determined by the </span><span style=\"display:inherit;clear:left;\">Authority.</span><span style=\"display:inherit;clear:left;\">35</span><span style=\"display:inherit;clear:left;\">With its subsequent resolution 351/2012/R/gas</span><span style=\"display:inherit;clear:left;\">, the Authority provided for the application of the CVBL variable unit fee </span><span style=\"display:inherit;clear:left;\">to cover uncollected amounts owing, arranging for the costs to be recovered to be paid in instalments over a minimum of </span><span style=\"display:inherit;clear:left;\">36 months with a maximum monthly amount of \u20ac6 million.</span><span style=\"display:inherit;clear:left;\">The Authority subsequently started a fact<span class=\"_ _c\"></span>-finding investigation into the manner in which the balancing ser<span class=\"_ _0\"></span>vice was </span><span style=\"display:inherit;clear:left;\">36</span><span style=\"display:inherit;clear:left;\">provided for the period between 1 December 2011 and 23 October 2012</span><span style=\"display:inherit;clear:left;\">. The investigation was closed by the </span><span style=\"display:inherit;clear:left;\">Authority's resolution 144/2013/E/gas of 5 April 2013. On the same date, the Authority: (i) initiated the procedure for the </span><span style=\"display:inherit;clear:left;\">determination of the share of costs resulting from uncollected credits, to be paid to the gas balancing manager<span class=\"_ _1\"></span>, for the </span><span style=\"display:inherit;clear:left;\">period from 1 December 2011 to 23 October 2012; (ii) initiated six sanctions proceedings aimed at establishing violations </span><span style=\"display:inherit;clear:left;\">in the area of natural gas balancing services. </span><span style=\"display:inherit;clear:left;\">With reference to the investigation mentioned in point (i) above, resolution 608/2015/R/gas closing the proceeding was </span><span style=\"display:inherit;clear:left;\">issued, whereby the Authority decided not to recognise a portion of the uncollected amounts owing in relation to specific </span><span style=\"display:inherit;clear:left;\">cases that were the subject of the investigation, without prejudice to Snam Rete Gas's right to retain the receivables </span><span style=\"display:inherit;clear:left;\">relating to the economic balancing items, which may have already been recovered. The Company challenged resolution </span><span style=\"display:inherit;clear:left;\">608/2015/R/gas before the Regional Administrative Court of Milan, which partially upheld the appeal filed by the </span><span style=\"display:inherit;clear:left;\">Company with ruling no. 942/2017, which in turn was partially challenged by the Company and the Authority. The ruling </span><span style=\"display:inherit;clear:left;\">was then confirmed by the Council of State ruling no. 1630/2020.</span><span style=\"display:inherit;clear:left;\">35 <span class=\"_ _94\"> </span>The aforementioned resolution was annulled by the ruling of the Regional Administrative Court of Milan no. 1587/2014, in relation to the obligation for </span><span style=\"display:inherit;clear:left;\">3</span><span style=\"display:inherit;clear:left;\">Users to pay the CVBL fee of \u20ac0.001/Sm</span><span style=\"display:inherit;clear:left;\"> as from 1 October 2012. With the subsequent resolution 372/2014/R/gas, the coefficient was redetermined as </span><span style=\"display:inherit;clear:left;\">3</span><span style=\"display:inherit;clear:left;\">the same amount of 0.001 \u20ac/Sm</span><span style=\"display:inherit;clear:left;\">.</span><span style=\"display:inherit;clear:left;\">36 <span class=\"_ _94\"> </span>The time span covered by the fact-finding investigation initially limited to the period from 1 December 2011 to 31 May 2012 was subsequently extended </span><span style=\"display:inherit;clear:left;\">to 23 October 2012.</span><span style=\"display:inherit;clear:left;\">During the above-mentioned period under investigation, </span><span style=\"display:inherit;clear:left;\">Snam Rete Gas, after having terminated the transportation </span><span style=\"display:inherit;clear:left;\">contracts of the six users involved in the above-mentioned </span><span style=\"display:inherit;clear:left;\">sanctions proceedings, as they were in arrears or in any </span><span style=\"display:inherit;clear:left;\">case in breach of the obligations envisaged in the sector </span><span style=\"display:inherit;clear:left;\">regulation and the Network Code regarding balancing, </span><span style=\"display:inherit;clear:left;\">commenced debt collection actions in respect of the </span><span style=\"display:inherit;clear:left;\">economic items of the balancing and transportation </span><span style=\"display:inherit;clear:left;\">service.</span><span style=\"display:inherit;clear:left;\">The competent Judicial Authorities issued eleven </span><span style=\"display:inherit;clear:left;\">provisionally enforceable injunctions, six of which relate to </span><span style=\"display:inherit;clear:left;\">receivables attributable to the balancing service and five </span><span style=\"display:inherit;clear:left;\">37</span><span style=\"display:inherit;clear:left;\">to receivables for the transportation service</span><span style=\"display:inherit;clear:left;\">, for which </span><span style=\"display:inherit;clear:left;\">Snam Rete Gas has commenced enforcement proceedings </span><span style=\"display:inherit;clear:left;\">that have led to the recovery of negligible amounts with </span><span style=\"display:inherit;clear:left;\">respect to the overall debt position of the Users, also in </span><span style=\"display:inherit;clear:left;\">consideration of the bankruptcy proceedings that have </span><span style=\"display:inherit;clear:left;\">been commenced by all the Users in question.</span><span style=\"display:inherit;clear:left;\">In particular<span class=\"_ _1\"></span>, at present:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>five users have been declared bankrupt. In relation to all </span><span style=\"display:inherit;clear:left;\">five Users, Snam Rete Gas obtained proof of claim in the </span><span style=\"display:inherit;clear:left;\">bankruptcy proceedings for the entire claimed amount, </span><span style=\"display:inherit;clear:left;\">plus interest. As part of one of the aforementioned </span><span style=\"display:inherit;clear:left;\">proceedings, a proposal for composition was filed and </span><span style=\"display:inherit;clear:left;\">approved by the majority of the creditors; the bankruptcy </span><span style=\"display:inherit;clear:left;\">proceedings, following the final distribution, were </span><span style=\"display:inherit;clear:left;\">closed. A second procedure was also recently closed after </span><span style=\"display:inherit;clear:left;\">approval and execution of the final distribution;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>one User submitted an application for admission to </span><span style=\"display:inherit;clear:left;\">a creditor arrangement procedure and the Judicial </span><span style=\"display:inherit;clear:left;\">38</span><span style=\"display:inherit;clear:left;\">Authority issued the order approving the arrange</span><span style=\"display:inherit;clear:left;\">. </span><span style=\"display:inherit;clear:left;\">Unpaid receivables after 23 October 2012</span><span style=\"display:inherit;clear:left;\">In 2013, two additional transportation contracts were </span><span style=\"display:inherit;clear:left;\">terminated and Snam Rete Gas took legal action, obtaining </span><span style=\"display:inherit;clear:left;\">three injunctions for payment, two of which related to </span><span style=\"display:inherit;clear:left;\">receivables attributable to the balancing service and one to<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">the transportation service. Both Users filed objections and<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">the related lawsuits were declared discharged, resulting in </span><span style=\"display:inherit;clear:left;\">the consolidation of the titles acquired by Snam Rete Gas. </span><span style=\"display:inherit;clear:left;\">The enforcement proceedings initiated led to the recovery<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">of negligible amounts with respect to the overall debt </span><span style=\"display:inherit;clear:left;\">position of the Users, who were subsequently declared </span><span style=\"display:inherit;clear:left;\">bankrupt. Snam Rete Gas duly filed its claim in the respective </span><span style=\"display:inherit;clear:left;\">insolvency proceedings. The insolvency proceedings were<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">both concluded with the recovery of minimal amounts in<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">relation to the bankrupt entity\u2019s total debt.</span><span style=\"display:inherit;clear:left;\">37 <span class=\"_ _94\"> </span>Some of the aforementioned injunctions were opposed by the users </span><span style=\"display:inherit;clear:left;\">concerned. In particular<span class=\"_ _c\"></span>, three users, in addition to requesting that the </span><span style=\"display:inherit;clear:left;\">provisional enforceability be suspended and that the injunctions be </span><span style=\"display:inherit;clear:left;\">revoked and/or declared null and void, voidable and/or in any event </span><span style=\"display:inherit;clear:left;\">of no effect, have brought counterclaims seeking an order that Snam </span><span style=\"display:inherit;clear:left;\">Rete Gas pay compensation for the damages they allegedly suffered. </span><span style=\"display:inherit;clear:left;\">The opposition proceedings brought by them were declared discharged </span><span style=\"display:inherit;clear:left;\">with the consequent lapse of the counterclaim and res judicata of the </span><span style=\"display:inherit;clear:left;\">injunctions.</span><span style=\"display:inherit;clear:left;\">38 <span class=\"_ _94\"> </span>A complaint was lodged against the approved decision before the </span><span style=\"display:inherit;clear:left;\">Court of Appeal of Turin, and - given the confirmatory order adopted </span><span style=\"display:inherit;clear:left;\">by the same Court - an appeal was lodged before the Supreme Court of </span><span style=\"display:inherit;clear:left;\">Cassation.</span><span style=\"display:inherit;clear:left;\">In 2014, a further transportation contract was terminated </span><span style=\"display:inherit;clear:left;\">and Snam Rete Gas initiated credit recovery actions, </span><span style=\"display:inherit;clear:left;\">obtaining two provisionally enforceable injunctions, one of </span><span style=\"display:inherit;clear:left;\">which related to receivables attributable to the balancing </span><span style=\"display:inherit;clear:left;\">service and one to the transportation ser<span class=\"_ _0\"></span>vice. The User<span class=\"_ _c\"></span>, </span><span style=\"display:inherit;clear:left;\">moreover<span class=\"_ _1\"></span>, was declared bankrupt and Snam Rete Gas\u2019s </span><span style=\"display:inherit;clear:left;\">proof of claim in the bankruptcy proceedings was admitted </span><span style=\"display:inherit;clear:left;\">for the entire amount claimed, plus interest. </span><span style=\"display:inherit;clear:left;\">Finally, in 2015, a further transportation contract was </span><span style=\"display:inherit;clear:left;\">terminated and Snam Rete Gas initiated the related debt </span><span style=\"display:inherit;clear:left;\">collection actions, obtaining two provisionally enforceable </span><span style=\"display:inherit;clear:left;\">injunctions against the User<span class=\"_ _1\"></span>, one relating to receivables </span><span style=\"display:inherit;clear:left;\">attributable to the balancing service and one to the </span><span style=\"display:inherit;clear:left;\">transportation service. Recently, the User was declared </span><span style=\"display:inherit;clear:left;\">bankrupt and Snam Rete Gas duly filed its claims in the </span><span style=\"display:inherit;clear:left;\">bankruptcy proceedings. In view of the bankrupt entity\u2019s </span><span style=\"display:inherit;clear:left;\">insolvency, the bankruptcy proceedings came to an end. </span><span style=\"display:inherit;clear:left;\">Snam Rete Gas, as already acknowledged in the </span><span style=\"display:inherit;clear:left;\">provisionally enforceable injunctions issued by the Judicial </span><span style=\"display:inherit;clear:left;\">Authority, has behaved correctly and in compliance with </span><span style=\"display:inherit;clear:left;\">the provisions of the transportation contract, the Network </span><span style=\"display:inherit;clear:left;\">Code and in general applicable legislation.</span><span style=\"display:inherit;clear:left;\">Lastly, it should be noted that the Public Prosecutor's </span><span style=\"display:inherit;clear:left;\">Office at the Court of Milan ordered, on 12 February 2016 </span><span style=\"display:inherit;clear:left;\">during preliminary investigations, the preventive seizure as </span><span style=\"display:inherit;clear:left;\">a matter of urgency of movable and immovable property </span><span style=\"display:inherit;clear:left;\">belonging to companies and persons traceable in various </span><span style=\"display:inherit;clear:left;\">ways to five of the above-mentioned Users, and in May </span><span style=\"display:inherit;clear:left;\">2017 closed the investigation, charging the suspects with </span><span style=\"display:inherit;clear:left;\">conspiracy to commit aggravated fraud against Snam Rete </span><span style=\"display:inherit;clear:left;\">Gas. At the preliminary hearing, set for 19 December 2018, </span><span style=\"display:inherit;clear:left;\">the Judge admitted Snam Rete Gas as civil plaintiff<span class=\"_ _c\"></span>. The </span><span style=\"display:inherit;clear:left;\">Court granted the preliminary requests and declared the </span><span style=\"display:inherit;clear:left;\">trial open. </span><span style=\"display:inherit;clear:left;\">The criminal proceedings ended with a conviction, on </span><span style=\"display:inherit;clear:left;\">15 February 2023, against the defendants Mr. Giuli and </span><span style=\"display:inherit;clear:left;\">Mr<span class=\"_ _1\"></span>. Moretti, both sentenced respectively to 9 years and </span><span style=\"display:inherit;clear:left;\">5 years and 6 months of imprisonment, as well as to the </span><span style=\"display:inherit;clear:left;\">payment (as compensation for damages) of a provisional </span><span style=\"display:inherit;clear:left;\">sum of \u20ac8 million in favour of Snam Rete Gas, in addition </span><span style=\"display:inherit;clear:left;\">to the reimbursement of legal costs. An appeal was lodged </span><span style=\"display:inherit;clear:left;\">against the sentence, in the interest of Snam Rete Gas, on </span><span style=\"display:inherit;clear:left;\">28 June 2023, limited to the civil terms. Notification of the </span><span style=\"display:inherit;clear:left;\">date of the hearing before the Court of Appeal of Milan is </span><span style=\"display:inherit;clear:left;\">pending.</span><span style=\"display:inherit;clear:left;\">These criminal proceedings arose as a result of the criminal </span><span style=\"display:inherit;clear:left;\">complaint (and subsequent supplementary acts) that Snam </span><span style=\"display:inherit;clear:left;\">Rete Gas had filed, as the injured party, in October 2012 for </span><span style=\"display:inherit;clear:left;\">the crimes of forgery and aggravated fraud. </span><span style=\"display:inherit;clear:left;\">27.3.2 <span class=\"_ _10\"> </span>Recovery of receivables from storage system users<span class=\"_ _0\"></span>  </span><span style=\"display:inherit;clear:left;\">Withdrawals from strategic storage carried out by three </span><span style=\"display:inherit;clear:left;\">Users, invoiced by Stogit and not restored by the User </span><span style=\"display:inherit;clear:left;\">within the terms set out in the Storage Code</span><span style=\"display:inherit;clear:left;\">Following withdrawals from strategic storage by a User </span><span style=\"display:inherit;clear:left;\">in 2010, Stogit initiated debt collection actions, obtaining </span><span style=\"display:inherit;clear:left;\">an injunction with provisional enforceability confirmed </span><span style=\"display:inherit;clear:left;\">in the summons filed by the counterparty. Appropriate </span><span style=\"display:inherit;clear:left;\">enforcement actions were consequently initiated.</span><span style=\"display:inherit;clear:left;\">In relation to withdrawals and the failure to restore </span><span style=\"display:inherit;clear:left;\">strategic gas also in the first few months of 2011, Stogit </span><span style=\"display:inherit;clear:left;\">requested and obtained a second provisionally enforceable </span><span style=\"display:inherit;clear:left;\">injunction for the additional amounts accrued.</span><span style=\"display:inherit;clear:left;\">In addition, emergency proceedings were initiated for all </span><span style=\"display:inherit;clear:left;\">unduly withdrawn gas to be restored, which ended with the </span><span style=\"display:inherit;clear:left;\">conviction of the debtor<span class=\"_ _1\"></span>, who also had their subsequent </span><span style=\"display:inherit;clear:left;\">application for injunctive relief rejected. </span><span style=\"display:inherit;clear:left;\">In 2012, the aforementioned User and two other Users </span><span style=\"display:inherit;clear:left;\">(who also defaulted with Stogit) were admitted to the </span><span style=\"display:inherit;clear:left;\">creditor arrangement procedure, in which Stogit duly </span><span style=\"display:inherit;clear:left;\">settled their claims.</span><span style=\"display:inherit;clear:left;\">Moreover<span class=\"_ _1\"></span>, following sub-proceedings to revoke the </span><span style=\"display:inherit;clear:left;\">arrangement, the Court of Asti declared the bankruptc<span class=\"_ _0\"></span>y </span><span style=\"display:inherit;clear:left;\">of two of the aforementioned Users. In both cases, Stogit </span><span style=\"display:inherit;clear:left;\">promptly applied for proof of claim in the bankruptcy </span><span style=\"display:inherit;clear:left;\">proceedings and its claims were admitted.</span><span style=\"display:inherit;clear:left;\">On the other hand, the arrangement procedure concerning </span><span style=\"display:inherit;clear:left;\">the third User is continuing, for which approval has been </span><span style=\"display:inherit;clear:left;\">obtained and against which a claim has been filed by one of </span><span style=\"display:inherit;clear:left;\">the creditors. The Turin Court of Appeal gave confirmation </span><span style=\"display:inherit;clear:left;\">and, the appeal is currently pending before the Court of </span><span style=\"display:inherit;clear:left;\">Cassation.</span><span style=\"display:inherit;clear:left;\">Withdrawals from strategic storage carried out by </span><span style=\"display:inherit;clear:left;\">a User<span class=\"_ _1\"></span>, invoiced by Stogit and not restored by the </span><span style=\"display:inherit;clear:left;\">User within the terms set out in the Storage Code, </span><span style=\"display:inherit;clear:left;\">attributable to the thermal years 2010-201<span class=\"_ _1\"></span>1 and 201<span class=\"_ _c\"></span>1-</span><span style=\"display:inherit;clear:left;\">2012</span><span style=\"display:inherit;clear:left;\">Stogit brought an action before the Civil Court of Milan for </span><span style=\"display:inherit;clear:left;\">the purpose of obtaining a provisionally enforceable order of </span><span style=\"display:inherit;clear:left;\">payment injunction pursuant to Article186 ter against a User<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">At present, even after partial amounts of gas had been<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">restored after the court action had been taken, approximately </span><span style=\"display:inherit;clear:left;\">3</span><span style=\"display:inherit;clear:left;\">23.6 million Sm</span><span style=\"display:inherit;clear:left;\"> still have to be returned to Stogit.<span class=\"_ _0\"></span>  </span><span style=\"display:inherit;clear:left;\">Stogit then took appropriate enforcement actions.</span><span style=\"display:inherit;clear:left;\">The Court of Rome then declared the user bankrupt and </span><span style=\"display:inherit;clear:left;\">Stogit filed its claim, which was admitted to the bankruptcy </span><span style=\"display:inherit;clear:left;\">proceedings.</span><span style=\"display:inherit;clear:left;\">Withdrawals from strategic storage made by a User<span class=\"_ _1\"></span>, </span><span style=\"display:inherit;clear:left;\">invoiced by Stogit and not restored by the User within </span><span style=\"display:inherit;clear:left;\">the terms set out in the Storage Code, attributable to </span><span style=\"display:inherit;clear:left;\">the months of October and November 201<span class=\"_ _1\"></span>1</span><span style=\"display:inherit;clear:left;\">Stogit brought an action before the Civil Court of Milan, </span><span style=\"display:inherit;clear:left;\">seeking to obtain the issue of a provisionally enforceable </span><span style=\"display:inherit;clear:left;\">order of payment injunction against undue withdrawals, in </span><span style=\"display:inherit;clear:left;\">3</span><span style=\"display:inherit;clear:left;\">respect of which approximately 56.0 million Sm</span><span style=\"display:inherit;clear:left;\"> still had </span><span style=\"display:inherit;clear:left;\">to be repaid to Stogit.</span><span style=\"display:inherit;clear:left;\">While the proceedings were pending, the Court of Rome </span><span style=\"display:inherit;clear:left;\">declared the User bankrupt. Consequently, the Civil </span><span style=\"display:inherit;clear:left;\">Court of Milan declared the end of the legal action and </span><span style=\"display:inherit;clear:left;\">Stogit therefore filed its claim, which was admitted to the </span><span style=\"display:inherit;clear:left;\">bankruptcy proceedings, in which the final distribution </span><span style=\"display:inherit;clear:left;\">of assets was made and, consequently, in 2020, the </span><span style=\"display:inherit;clear:left;\">proceedings were closed with no amounts paid in favour </span><span style=\"display:inherit;clear:left;\">of the Company.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__83": {
   "value": "<span style=\"display:inherit;clear:left;\">27.4 <span class=\"_ _85\"> </span>Liquidity risk </span><span style=\"display:inherit;clear:left;\">Liquidity risk represents the risk that, due to the inability </span><span style=\"display:inherit;clear:left;\">to raise new funds (funding liquidity risk) or to liquidate </span><span style=\"display:inherit;clear:left;\">assets on the market (asset liquidity risk), the company is<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">unable to meet its payment commitments, thus causing </span><span style=\"display:inherit;clear:left;\">an impact on the economic result in the event that the </span><span style=\"display:inherit;clear:left;\">company is forced to incur additional costs to meet its </span><span style=\"display:inherit;clear:left;\">commitments or<span class=\"_ _1\"></span>, as an extreme consequence, a situation </span><span style=\"display:inherit;clear:left;\">of insolvency that puts the company's business at risk.</span><span style=\"display:inherit;clear:left;\">Snam's Risk Management objective is to put in place, </span><span style=\"display:inherit;clear:left;\">within the framework of the Strategic Plan, a financial </span><span style=\"display:inherit;clear:left;\">structure that is consistent with business objectives and </span><span style=\"display:inherit;clear:left;\">guarantees an adequate level of liquidity for the Group, </span><span style=\"display:inherit;clear:left;\">minimising the related opportunity cost and maintaining a </span><span style=\"display:inherit;clear:left;\">balance in terms of duration and debt composition.</span><span style=\"display:inherit;clear:left;\">Snam's goal is therefore to maintain a balanced debt </span><span style=\"display:inherit;clear:left;\">structure, in terms of the composition between debenture </span><span style=\"display:inherit;clear:left;\">loans and bank receivables and the availability of undrawn </span><span style=\"display:inherit;clear:left;\">committed bank credit lines, in keeping with the business </span><span style=\"display:inherit;clear:left;\">profile and regulatory context in which Snam operates.</span><span style=\"display:inherit;clear:left;\">In addition, the financial market is characterised by a </span><span style=\"display:inherit;clear:left;\">steady growth in sources of financing for companies that </span><span style=\"display:inherit;clear:left;\">are able to improve the environmental impact of their </span><span style=\"display:inherit;clear:left;\">investments. Investor interest is linked to and conditional </span><span style=\"display:inherit;clear:left;\">on the ability of the companies themselves to achieve </span><span style=\"display:inherit;clear:left;\">certain goals in terms of environmental sustainability.  </span><span style=\"display:inherit;clear:left;\">With a view to the correct management of liquidity risk, </span><span style=\"display:inherit;clear:left;\">the diversification of funding sources, including the use </span><span style=\"display:inherit;clear:left;\">of sustainable finance instruments, is therefore crucial to </span><span style=\"display:inherit;clear:left;\">guaranteeing companies broad access to financial markets </span><span style=\"display:inherit;clear:left;\">at competitive costs, with consequent positive effects on </span><span style=\"display:inherit;clear:left;\">their financial position and performance. </span><span style=\"display:inherit;clear:left;\">Likewise, for Snam, the failure to achieve certain KPIs in the ESG area, within the Group<span class=\"_ _c\"></span>'s general objective of making its </span><span style=\"display:inherit;clear:left;\">business more sustainable in the medium to long term, could lead to higher financing costs or the failure to access certain </span><span style=\"display:inherit;clear:left;\">sources of financing.</span><span style=\"display:inherit;clear:left;\">Mitigating this risk also involves Snam's extreme focus on ESG issues, traditionally a significant and structured part </span><span style=\"display:inherit;clear:left;\">of the company's strategy. Consistent with this approach, since 2018, Snam has increasingly used sustainable finance </span><span style=\"display:inherit;clear:left;\">instruments, reaching the target of 80% of total 'committed' sources in 2023 three years early. With the presentation of </span><span style=\"display:inherit;clear:left;\">the 2023-27 Strategic Plan, the target was raised to 85% of total funding, to be reached by 2027.</span><span style=\"display:inherit;clear:left;\">Specifically, in 2023, Snam issued on the bond market (i) in September<span class=\"_ _1\"></span>, its first EU T<span class=\"_ _1\"></span>axonomy-Aligned Transition Bond </span><span style=\"display:inherit;clear:left;\">convertible into existing Italgas ordinary shares and maturing in 2028 for a nominal amount of \u20ac500 million, and (ii) in </span><span style=\"display:inherit;clear:left;\">November<span class=\"_ _1\"></span>, its second EU Tax<span class=\"_ _c\"></span>onomy-Aligned Transition Bond for \u20ac650 million to finance energy transition projects and, </span><span style=\"display:inherit;clear:left;\">in particular<span class=\"_ _1\"></span>, the Eligible Projects defined in Snam's Sustainable Finance Framework published in November 2021. During </span><span style=\"display:inherit;clear:left;\">the year<span class=\"_ _1\"></span>, Snam also finalised with major relationship banks (i) bank loans for \u20ac1.4 billion, in a Green loan and KPI-linked </span><span style=\"display:inherit;clear:left;\">format (ii) a KPI-linked Revolving Credit F<span class=\"_ _1\"></span>acility (RCF) with a pool of banks for a total amount of \u20ac1.8 billion, backed by a </span><span style=\"display:inherit;clear:left;\">SupportItalia guarantee issued by SACE covering 80% of the amount. Lastly, in November 2023, Snam renewed its Euro </span><span style=\"display:inherit;clear:left;\">Commercial Paper programme, increased from \u20ac2.5 billion to \u20ac3.5 billion and associated with environmental and social </span><span style=\"display:inherit;clear:left;\">sustainability objectives in line with the sustainable loan, obtaining for the instrument an initial ESG rating of EE assigned </span><span style=\"display:inherit;clear:left;\">by the ESG rating company Standard Ethics, increased to EE+ during 2022 and confirmed in November 2023. </span><span style=\"display:inherit;clear:left;\">In this regard, it should be noted that: (i) in February 2024, a new Sustainable Finance Framework was published for the </span><span style=\"display:inherit;clear:left;\">issue of green and sustainability-linked financial instruments to reinforce the company's continued commitment to the </span><span style=\"display:inherit;clear:left;\">energy transition; (ii) Snam received a Second Party Opinion from ISS; (iii) based on the new framework, a \u20ac1.5 billion </span><span style=\"display:inherit;clear:left;\">sustainable loan was issued in February 2024, in dual tranches with the first \u20ac500 million Snam Green Bond and a \u20ac1 billion </span><span style=\"display:inherit;clear:left;\">Sustainability-Linked Bond (SLB<span class=\"_ _c\"></span>).</span><span style=\"display:inherit;clear:left;\">Lastly, at 31 December 2023, Snam had unused committed long-term credit lines worth approximately \u20ac6.2 billion, of </span><span style=\"display:inherit;clear:left;\">which: (i) pooled credit lines of \u20ac5.0 billion; (ii) Revolving Credit F<span class=\"_ _c\"></span>acilities (RCF) for a total of 1.2 billion. At 31 December </span><span style=\"display:inherit;clear:left;\">2023, Snam had a Euro Medium T<span class=\"_ _1\"></span>erm Notes (EMTN) programme in place for a maximum total nominal value of 13 billion, </span><span style=\"display:inherit;clear:left;\">of which \u20ac9.4 billion drawn, and a Euro Commercial Paper Programme (E<span class=\"_ _c\"></span>CP) for a maximum total nominal value of \u20ac9.4 </span><span style=\"display:inherit;clear:left;\">billion, of which \u20ac2.7 billion drawn at 31 December 2023.</span><span style=\"display:inherit;clear:left;\">Snam's cash and cash equivalents mainly refer to current accounts and bank deposits that are readily collectable.</span><span style=\"display:inherit;clear:left;\">The Group's main long-term financial debts contain covenants typical of international practice concerning, inter alia, </span><span style=\"display:inherit;clear:left;\">negative pledge and pari passu clauses. F<span class=\"_ _c\"></span>ailure to comply with these clauses, as well as the occurrence of other events, </span><span style=\"display:inherit;clear:left;\">such as cross-default events, may result in Snam\u2019s default and, possibly, may cause the related loan to become due </span><span style=\"display:inherit;clear:left;\">in advance, leading to additional costs and/or liquidity problems. Commitments do not include covenants requiring </span><span style=\"display:inherit;clear:left;\">compliance with economic and/or financial ratios. </span><span style=\"display:inherit;clear:left;\">Among the factors that define the risk perceived by the market, creditworthiness, assigned to Snam by rating agencies, </span><span style=\"display:inherit;clear:left;\">plays a decisive role since it influences the ability to access sources of financing and the related economic conditions. A </span><span style=\"display:inherit;clear:left;\">worsening of this creditworthiness could, therefore, limit access to the capital market and/or increase the cost of financing </span><span style=\"display:inherit;clear:left;\">sources, with consequent negative effects on the Group's financial position and performance.</span><span style=\"display:inherit;clear:left;\">Snam's long-term rating is equal to: (i) Baa2 with a stable outlook, confirmed on 9 February 2024 by Moody's Investor </span><span style=\"display:inherit;clear:left;\">Services; (ii) BBB+ with a stable outlook, confirmed on 27 Februar<span class=\"_ _0\"></span>y 2024 by Standard &amp; Poor's Global Rating ('S&amp;P'); (iii) </span><span style=\"display:inherit;clear:left;\">BBB+ with a stable outlook, confirmed on 28 March 2024 by Fitch Ratings ('Fitch'). Snam<span class=\"_ _c\"></span>\u2019s long-term rating by Moody\u2019s, </span><span style=\"display:inherit;clear:left;\">Fitch and Standard &amp; Poor\u2019s is a notch higher than that of Italian sovereign debt. Based on the methodology adopted by </span><span style=\"display:inherit;clear:left;\">Moody's and S&amp;P<span class=\"_ _1\"></span>, a one notch downgrade of the Italian Republic's current rating would trigger a likely corresponding </span><span style=\"display:inherit;clear:left;\">downward adjustment of Snam's current rating. In this regard, it should be noted that on 17 November 2023 Moody's </span><span style=\"display:inherit;clear:left;\">confirmed the rating of the Italian Republic, improving the outlook to stable from negative; this action led to the revision </span><span style=\"display:inherit;clear:left;\">of Snam's outlook from negative to stable on 21 November 2023. The next rating agency reviews for the Italian Republic </span><span style=\"display:inherit;clear:left;\">are scheduled for 19 April 2024 for S&amp;P<span class=\"_ _1\"></span>, 3 May 2024 for Fitch, and 31 May 2024 for Moody's.</span><span style=\"display:inherit;clear:left;\">Although the Snam Group has relationships with diversified counterparties with a high credit standing, based on a policy </span><span style=\"display:inherit;clear:left;\">of managing and continuously monitoring their active credit risk, the default of an active counterparty or the difficulty of </span><span style=\"display:inherit;clear:left;\">selling off assets on the market could have a negative impact on the Snam Group<span class=\"_ _c\"></span>'s financial position and performance.</span><span style=\"display:inherit;clear:left;\">The following table shows the amounts of contractually due payments related to financial debts and liabilities for leased </span><span style=\"display:inherit;clear:left;\">assets, including interest payments, and liabilities for derivative instruments: </span><span style=\"display:inherit;clear:left;position:relative;height:646.85546875px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 474.203px; top: 0.0078125px; width: 130.143px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Contractual c</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ash flows</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 281.422px; top: 27.5078px; width: 66.4453px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Book value </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 34.2422px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 367.172px; top: 34.2578px; width: 354.105px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal flows</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 20.7422px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.2578px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.2578px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.2578px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2026</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.2578px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2027</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.9648px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">After</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 269.453px; top: 41.0078px; width: 75.2812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">at 31.12.2022</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 67.9043px; width: 720.469px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bank loans</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 255.85px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,860</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,851</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">618</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">721</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">237</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">152</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">227</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">896</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 94.2168px; width: 720.141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Debenture loans (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 207.393px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,457</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,459</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">718</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,171</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,267</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,550</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">553</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,200</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 120.529px; width: 478.055px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Euro C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ommercial Paper - E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">CP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 157.184px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,128</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,130</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,130</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 146.842px; width: 720.744px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Interest on loans</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 232.635px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">803</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">803</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">147</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">132</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">111</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">96</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">70</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">247</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 173.17px; width: 720.223px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial payables for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 138.527px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">33</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">33</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 199.482px; width: 672.082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other lenders</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 248.326px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">202</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">202</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 173.929px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">200</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 225.795px; width: 477.879px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade payables and other payables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.082px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8,129</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8,129</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">8,129</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 252.107px; width: 170.918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ONTRACTUAL FLO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">WS </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 308.391px; top: 258.873px; width: 412.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">22,612</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">22,607</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 13.4824px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">10,751</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.84766px; display: inline-block;\"> </span></span></span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,030</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.9648px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,620</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.9648px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,803</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.9648px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,052</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.9648px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5,351</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 265.607px; width: 146.836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">OF FINANCIAL LIABILITIES</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 295.848px; width: 352.113px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)    Future payments include the cash flo</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">w generated by hedging derivative c</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ontracts.</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 474.203px; top: 339.914px; width: 130.143px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Contractual c</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ash flows</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 281.422px; top: 369.539px; width: 66.4453px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Book value </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 376.273px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 367.172px; top: 376.289px; width: 354.105px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal flows</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 20.7422px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.2578px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.2578px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2026</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.2578px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2027</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.2578px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2028</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.9648px; font-size: 12px; font-family: ff31; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">After</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 269.453px; top: 383.039px; width: 75.2812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">at 31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 409.92px; width: 720.469px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bank loans</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 255.85px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,549</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,527</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">980</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">486</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">916</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">241</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">113</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">791</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 436.248px; width: 720.135px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Debenture loans (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 207.393px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,876</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9,891</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,172</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,267</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,550</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">552</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,100</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,250</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 462.561px; width: 717.404px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Euro C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ommercial Paper - E</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">CP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 157.184px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,679</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,681</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,681</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7324px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 488.873px; width: 720.352px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Interest on loans</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 223.295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,034</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,034</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">247</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">202</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">171</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">116</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">91</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1602px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">207</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 515.186px; width: 720.357px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial payables for leased assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 138.527px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">43</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">43</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.5059px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 541.514px; width: 717.768px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other lenders</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 248.326px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">505</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">502</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.2832px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">500</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7324px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 567.826px; width: 718.102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade payables and other payables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.082px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6,466</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6,466</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">6,422</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">43</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7324px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 594.139px; width: 170.918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ONTRACTUAL FLO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">WS </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 308.391px; top: 600.889px; width: 413.162px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">23,118</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24,144</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 13.9746px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">11,513</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 18.8672px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.84766px; display: inline-block;\"> </span></span></span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,006</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.9648px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,644</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.9648px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,413</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.9648px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,307</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.9648px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5,261</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 607.639px; width: 146.836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">OF FINANCIAL LIABILITIES</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 637.863px; width: 352.113px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)    Future payments include the cash flo</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">w generated by hedging derivative c</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ontracts.</span></span></span><span style=\"display:inherit;clear:left;\">With reference to the timing of payments in respect of trade and other payables, please refer to Note 22 'T<span class=\"_ _c\"></span>rade and other </span><span style=\"display:inherit;clear:left;\">payables'.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__84": {
   "value": "<span style=\"display:inherit;clear:left;\">27.5 <span class=\"_ _85\"> </span>Fair value of financial instruments</span><span style=\"display:inherit;clear:left;\">accordance with IFRS 13, according to the fair value hierarchy defined according to the significance of the inputs used </span><span style=\"display:inherit;clear:left;\">in the valuation process. In particular<span class=\"_ _1\"></span>, depending on the characteristics of the inputs used for valuation, the fair value </span><span style=\"display:inherit;clear:left;\">hierarchy has the following levels:</span><span style=\"display:inherit;clear:left;\">a) <span class=\"_ _84\"> </span>L<span class=\"_ _c\"></span>evel 1:<span class=\"ff7b\"> quoted prices (unmodified) in active markets for identical assets or liabilities that the entity can access at the </span></span><span style=\"display:inherit;clear:left;\">measurement date;</span><span style=\"display:inherit;clear:left;\">b) <span class=\"_ _3f0\"> </span>Level 2: <span class=\"ff7b\">inputs other than quoted mark<span class=\"_ _c\"></span>et prices included within Level 1 that are observable for the asset or liability, </span></span><span style=\"display:inherit;clear:left;\">either directly (such as prices) or indirectly (derived from prices<span class=\"_ _c\"></span>);</span><span style=\"display:inherit;clear:left;\">c) <span class=\"_ _94\"> </span>Level 3: <span class=\"ff7b\">inputs are unobservable inputs.</span></span><span style=\"display:inherit;clear:left;\">In connection with the above, assets and liabilities measured at fair value at 31 December 2023 are classified as follows: </span><span style=\"display:inherit;clear:left;position:relative;height:286.58984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 364.984px; top: 0.0078125px; width: 279.234px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Fair V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">alue</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 164.444px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Fair V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">alue</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 19.9141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 291.469px; top: 26.3359px; width: 62.9297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 368.031px; top: 26.3359px; width: 31.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 416.328px; top: 26.3359px; width: 31.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 465.5px; top: 26.3359px; width: 34.0488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 512.328px; top: 26.3359px; width: 62.9297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 590.031px; top: 26.3359px; width: 31.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 638.469px; top: 26.3359px; width: 34.0488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 686.984px; top: 26.3359px; width: 31.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 245.703px; top: 33.6543px; width: 33.4102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Notes</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 291.469px; top: 39.8359px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 392.312px; top: 39.8359px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 440.547px; top: 39.8359px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 489.109px; top: 39.8359px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 512.328px; top: 39.8359px; width: 60.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 614.844px; top: 39.8359px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 662.469px; top: 39.8359px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 711.766px; top: 39.8359px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.1484px; width: 179.695px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Minority investments ac</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">count</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ed</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 253.25px; top: 73.4824px; width: 465.141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(11)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">52</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.5059px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.4727px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">39</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.4727px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">41</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.6484px; width: 79.0371px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for at FV</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TOCI </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.977px; width: 718.424px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Contingent c</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">onsideration (</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">earn-out) (a)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">25</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 132.434px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">25</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">282</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.822px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">282</span></span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.289px; width: 669.902px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Securities and fund units</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 111.346px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(11)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.9531px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 118.365px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.9531px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">7</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.617px; width: 669.785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assets for hedging derivati</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ves </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 76.377px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(13)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.5509px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 118.365px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.5252px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">4</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 185.498px; width: 669.768px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- rates</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 311.121px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.5509px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 118.365px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.5252px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.811px; width: 670.143px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- commodities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 492.78px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.5509px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.123px; width: 200.021px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Liabilities for non-hedging financial </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 253.25px; top: 244.889px; width: 416.414px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(21)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 276.416px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(14)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.5918px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">(14)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 251.623px; width: 61.8516px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">derivatives</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 277.598px; width: 346.846px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(a) This item is classified in Note 22 'T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade and Other Payables - Inv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">estment Payables'.</span></span></span><span style=\"display:inherit;clear:left;\">Minority equity investments valued at FV<span class=\"_ _0\"></span>TOCI (\u20ac50 million) essentially refer to the companies Adriatic LNG and Storegga </span><span style=\"display:inherit;clear:left;\">Limited, classified as Level 3, and the company ITM Power<span class=\"_ _1\"></span>, classified as Level 1. </span><span style=\"display:inherit;clear:left;\">Contingent considerations (\u20ac282 million), classified as Level 3, refer to the estimated earn-outs contractually agreed upon </span><span style=\"display:inherit;clear:left;\">in the context of transactions to acquire equity investments.</span><span style=\"display:inherit;clear:left;\">Securities and fund units (\u20ac7 million), classified as level 2, relate to units in the Clean H2 Infra F<span class=\"_ _c\"></span>und (HY24) and CDP </span><span style=\"display:inherit;clear:left;\">Corporate Partners I - Energy T<span class=\"_ _1\"></span>ech Fund.</span><span style=\"display:inherit;clear:left;\">Financial derivative assets for hedging purposes (\u20ac4 million), classified as level 2, refer to derivative contracts used to </span><span style=\"display:inherit;clear:left;\">hedge the risk of fluctuations in interest rates and commodity prices.</span><span style=\"display:inherit;clear:left;\">Financial derivative liabilities for non-hedging purposes (\u20ac14 million), classified as level 2, refer to the optional component </span><span style=\"display:inherit;clear:left;\">embedded in the debenture loan convertible into Italgas S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. ordinary shares.</span><span style=\"display:inherit;clear:left;\">During 2023, there were no transfers between the different levels of the fair value hierarchy.</span><span style=\"display:inherit;clear:left;\">27.6 <span class=\"_ _3f0\"> </span>Financial assets and financial liabilities not measured at fair value</span><span style=\"display:inherit;clear:left;\">The table below shows, for each class of assets and liabilities not measured at fair value in the Statement of Financial </span><span style=\"display:inherit;clear:left;\">Position, but for which fair value must be disclosed, the fair value at the end of the period in which the valuation was </span><span style=\"display:inherit;clear:left;\">39</span><span style=\"display:inherit;clear:left;\">made</span><span style=\"display:inherit;clear:left;\">: </span><span style=\"display:inherit;clear:left;position:relative;height:218.87109375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 263.891px; top: 0.0078125px; width: 23.9766px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Fair </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 548.875px; top: 0.0078125px; width: 23.9766px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Fair </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 161.797px; top: 6.74219px; width: 57.6504px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 305.156px; top: 6.75781px; width: 34.0488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 361.266px; top: 6.75781px; width: 31.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 407.484px; top: 6.75781px; width: 31.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 446.312px; top: 6.75781px; width: 57.6504px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 590.375px; top: 6.77344px; width: 31.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 645.094px; top: 6.77344px; width: 31.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 687.922px; top: 6.77344px; width: 31.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Level</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 13.4922px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 241.672px; top: 13.5078px; width: 46.6699px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">value at </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 526.359px; top: 13.5078px; width: 46.6699px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">value at </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 160.125px; top: 20.2422px; width: 55.6348px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 328.453px; top: 20.2578px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 383.703px; top: 20.2578px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 430.5px; top: 20.2578px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 446.312px; top: 20.2578px; width: 55.6348px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 615.234px; top: 20.2734px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 669.672px; top: 20.2734px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 711.172px; top: 20.2734px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 226.422px; top: 27.0078px; width: 58.0371px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 511.469px; top: 27.0078px; width: 58.0371px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.9043px; width: 111.604px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Long-term financial </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 196.188px; top: 60.6699px; width: 479.432px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">102</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">95</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">95</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.9142px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">82</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">83</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">83</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 67.4043px; width: 80.6309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">receivables (a)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.7324px; width: 620.174px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Debenture loans (b)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.9784px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(9,351)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.5195px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,089)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.2344px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,089)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 127.148px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(9,769)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.5195px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,977)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.2344px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,977)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 120.061px; width: 620.438px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- fixed rate </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.086px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(9,351)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,089)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 13.4824px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,089)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.15px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(9,769)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,977)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 13.4824px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,977)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 146.373px; width: 675.428px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Bank loans (b)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.7147px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,460)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,369)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,369)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,326)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.5195px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,251)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4647px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,251)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 172.686px; width: 676.049px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- fixed rate</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.022px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,460)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,369)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.4784px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,369)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.2772px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,326)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.0234px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,251)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,251)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.629px; width: 383.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">a) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 2.83008px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">For further details, please refer to Note 11 'Other current and non-current financial assets'.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 209.879px; width: 323.004px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">b) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 2.30859px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">For further details, see Note 17 'C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">urrent and non-current financial liabilities'.</span></span></span><span style=\"display:inherit;clear:left;\">27.7 <span class=\"_ _3f0\"> </span>Other information on financial instruments</span><span style=\"display:inherit;clear:left;\">The value at which financial instruments are recognised and their economic and equity effects are analysed as follows: </span><span style=\"display:inherit;clear:left;position:relative;height:425.40234375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 286.219px; top: 0.0078125px; width: 416.074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Income (</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">expenses) recognised in</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Income (</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">expenses) recognised in</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 453.188px; top: 26.3359px; width: 35.0332px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 684.266px; top: 26.3359px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 33.4141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 353.641px; top: 33.0859px; width: 36.8203px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Profit </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 582.938px; top: 33.0859px; width: 36.8203px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Profit </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 272.641px; top: 39.8359px; width: 58.9688px; white-space: pre; word-spacing: 0px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 404.953px; top: 39.8359px; width: 83.5254px; white-space: pre; word-spacing: 0px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">components of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 501.156px; top: 39.8359px; width: 58.9688px; white-space: pre; word-spacing: 0px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Balance at </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 632.906px; top: 39.8359px; width: 88.5645px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">components of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 227.438px; top: 46.5859px; width: 34.5176px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Notes</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 340.781px; top: 46.5859px; width: 49.4297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and loss </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 571.453px; top: 46.5859px; width: 49.4297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and loss </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 270.656px; top: 53.3359px; width: 56.8359px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 403.531px; top: 53.3359px; width: 84.6973px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">compr</span><span style=\"word-spacing: 0.36px; letter-spacing: -0.36px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ehensive </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 499.906px; top: 53.3359px; width: 56.8359px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 631.188px; top: 53.3359px; width: 89.373px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">compr</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ehensive </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 343.75px; top: 60.0859px; width: 44.4551px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">acc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ount</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 573.375px; top: 60.0859px; width: 44.4551px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">acc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ount</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 446.312px; top: 66.8359px; width: 39.0176px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 676.938px; top: 66.8359px; width: 41.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.7168px; width: 714.744px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade and other receivables</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 85.7168px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(15)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,624</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(17)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.7071px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,505</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(61)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 120.029px; width: 714.768px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Ecobonus/Sismabonus Credits </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(13)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">85</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.8926px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">345</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 146.357px; width: 175.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial receivables measured </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 234.203px; top: 153.107px; width: 480.65px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(11)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.8614px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">118</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">102</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.857px; width: 113.824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">at amortised cost (a</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 186.186px; width: 182.104px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Minority investments acc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ounted </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 234.203px; top: 192.936px; width: 483.51px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(11)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">52</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(44)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">50</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 199.686px; width: 76.1309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for at FVTOCI</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 226.014px; width: 172.225px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Hedging derivatives measured </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 234.203px; top: 232.764px; width: 486.006px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(13)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.5196px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.9531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 239.514px; width: 84.5918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">at fair value (b)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 265.842px; width: 197.438px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Non-hedging derivatives measured </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 234.203px; top: 272.592px; width: 480.48px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(21)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.5918px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(14)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 279.342px; width: 83.8477px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">at fair value (a)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 305.67px; width: 188.701px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current and non-current financial </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 234.203px; top: 312.42px; width: 480.428px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(17)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.3691px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(13,680)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.5058px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(175)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(16,552)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(295)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 319.17px; width: 215.584px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities measured at amortised cost (a</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 345.498px; width: 714.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade and other payables (c)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 76.8517px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(22)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8,129)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.6835px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(30)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.8926px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(6,466)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.1502px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(17)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 371.41px; width: 296.531px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(a) The economic effects were recognised under 'Net financial expenses'.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 382.66px; width: 717.146px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(b) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">The effects on the income statement relate t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o the ineffective portion, if any. The differentials related t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o the hedging portion were recognised to net the economic effects of </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 12.5312px; top: 393.91px; width: 128.133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">the related hedged instrument.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 405.16px; width: 707.186px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(c) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">The economic effects, relating to the fair value measurement of contractually agreed earn-outs, were recognised under 'Net financial expenses'. In 2022, they were mainly </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 12.5312px; top: 416.41px; width: 228.656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">recognised under 'Net income from equity in</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vestments'.</span></span></span><span style=\"display:inherit;clear:left;\">39 <span class=\"_ _94\"> </span>Please note that we have excluded from the table assets and liabilities natively at variable interest rates and financial liabilities for leased assets.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__85": {
   "value": "<span style=\"display:inherit;clear:left;position:relative;height:212.19140625px;\"><span class=\"pp-font-color-override-3\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0039062px; width: 477.855px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 16.5px; font-family: ff64; -webkit-text-stroke: 0.2475px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">29) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 13.9746px; font-size: 16.5px; font-family: ff64; -webkit-text-stroke: 0.2475px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">OPERA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 16.5px; font-family: ff64; -webkit-text-stroke: 0.2475px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TING REVENUES </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 16.5px; font-family: ff64; -webkit-text-stroke: 0.2475px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AND INCOME                             </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 5.90625px; top: 57.0078px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 5.90625px; top: 83.8887px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Revenues </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 531.289px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,496</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,244</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 5.90625px; top: 110.201px; width: 719.186px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other operating income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 472.635px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">44</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 5.90625px; top: 136.514px; width: 718.91px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL OPERA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TING REVENUES AND INCOME</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.227px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,515</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,288</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 199.07px; width: 686.473px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 13.5px; font-family: ff7b; -webkit-text-stroke: 0.2025px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">The group's revenues and other operating income are mainly generated in Italy</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 13.5px; font-family: ff7b; -webkit-text-stroke: 0.2025px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. An analysis of revenue by business </span></span></span><span style=\"display:inherit;clear:left;\">segment is provided in Note 36 'Information by business segment'.</span><span style=\"display:inherit;clear:left;\">Revenues to related parties are illustrated in Note 37 'T<span class=\"_ _c\"></span>ransactions with related parties'.</span><span style=\"display:inherit;clear:left;\">40</span><span style=\"display:inherit;clear:left;\">Revenues include energy cost fees</span><span style=\"display:inherit;clear:left;\">, which amount to \u20ac413 million (\u20ac198 million in 2022). Net of these fees, which are </span><span style=\"display:inherit;clear:left;\">offset by costs, revenues and other operating income amount to \u20ac3,875 million.</span><span style=\"display:inherit;clear:left;\">29.1 Revenues<span class=\"ws1\"> </span></span><span style=\"display:inherit;clear:left;position:relative;height:196.396484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.717px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Natural Gas T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransportation segment </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 386.115px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,208</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,480</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Natural Gas Storage segment </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 434.374px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">516</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">553</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Liquefied natural gas (LNG) regasification segment</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 327.387px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">42</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">77</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.77px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransition segment</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 451.301px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">693</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,092</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 515.145px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">42</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 716.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other revenues not allocated t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">o segments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 373.799px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 718.723px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL REVENUES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 486.169px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,496</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,244</span></span></span><span style=\"display:inherit;clear:left;\">40 <span class=\"_ _94\"> </span>On the basis of what is established by the regulatory framework in force for the fifth regulator<span class=\"_ _0\"></span>y period, starting from 1 January 2020, the energy costs </span><span style=\"display:inherit;clear:left;\">relating to the costs for the purchase of fuel gas, previously subject to contribution in kind by the shippers and the charges for the purchase of CO</span><span style=\"display:inherit;clear:left;\">2</span><span style=\"display:inherit;clear:left;\">emission rights, are covered in revenues through the variable fee applied to users. Energy costs are recorded on the basis of the prices in the tariff </span><span style=\"display:inherit;clear:left;\">proposal and the related revenues to cover these costs are recognized consistently with the cost recording methods. The regulatory recognition criteria </span><span style=\"display:inherit;clear:left;\">for energy costs guarantee substantial neutrality at both an economic and financial level.</span><span style=\"display:inherit;clear:left;\">2<span class=\"_ _c\"></span>9.<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>1 <span class=\"_\"> </span>Natural gas transportation segment revenues</span><span style=\"display:inherit;clear:left;\">Revenues are mainly related to service fees for natural gas transportation activities and mainly concern Eni S<span class=\"_ _0\"></span>.p.<span class=\"_ _0\"></span>A. (\u20ac1,192 </span><span style=\"display:inherit;clear:left;\">million; 1,087 million in 2022) and Enel T<span class=\"_ _c\"></span>rade S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. (\u20ac719 million; \u20ac528 million in 2022). </span><span style=\"display:inherit;clear:left;\">Group revenues are shown net of tariff components, mainly referring to the transportation sector<span class=\"_ _1\"></span>, which are in addition to </span><span style=\"display:inherit;clear:left;\">the tariff and intended to cover general gas system charges (\u20ac4,048 million, \u20ac2,651 million in 2022), the amounts of which </span><span style=\"display:inherit;clear:left;\">are paid by Snam to Cassa per i Servizi Energetici e Ambientali (CSE<span class=\"_ _0\"></span>A). The main components are related to:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the CRVST fee (totalling \u20ac1,658 million in 2023; \u20ac1,006 million 2022), introduced by resolution no. 782/2017/R/GAS<span class=\"_ _0\"></span>, to </span><span style=\"display:inherit;clear:left;\">cover the charges arising from the new 'settlement gas' rules, to be applied to the quantities of gas redelivered to the </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>ransportation Ser<span class=\"_ _0\"></span>vice User at the redelivery points feeding the distribution networks;</span><span style=\"display:inherit;clear:left;\">OS</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the variable CRV</span><span style=\"display:inherit;clear:left;\"> fee, introduced in 2011 by the Authority's Resolution ARG/gas No. 29/11, to cover the charges arising </span><span style=\"display:inherit;clear:left;\">from the application of the revenue guarantee factor for the storage service and the charges incurred by Gestore Ser<span class=\"_ _0\"></span>vizi </span><span style=\"display:inherit;clear:left;\">Energetici (GSE) for the provision of the measures referred to in Articles 9 and 10 of Legislative Decree 130/10 (for a </span><span style=\"display:inherit;clear:left;\">total amount of \u20ac1,258 million in 2023; \u20ac962 million in 2022). </span><span style=\"display:inherit;clear:left;\">During 2023, Snam provided transport services for 351 users. </span><span style=\"display:inherit;clear:left;\">2<span class=\"_ _c\"></span>9.<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>2  Revenues from the natural gas storage segment</span><span style=\"display:inherit;clear:left;\">Revenues are mainly related to service fees for modulation storage activities (\u20ac428 million); \u20ac385 million in 2022) and </span><span style=\"display:inherit;clear:left;\">strategic storage (\u20ac73 million; \u20ac80 million in 2022). </span><span style=\"display:inherit;clear:left;\">During 2023, Snam provided natural gas storage services for 67 operators. </span><span style=\"display:inherit;clear:left;\">2<span class=\"_ _c\"></span>9.<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>3 <span class=\"_\"> </span>Liquefied natural gas (LNG) regasification</span><span style=\"display:inherit;clear:left;\">Revenues mainly refer to fees for the regasification service and the increase is mainly attributable to the recognition of </span><span style=\"display:inherit;clear:left;\">revenues related to higher regasified volumes in 2023 and revenues related to the start of operations at the Piombino </span><span style=\"display:inherit;clear:left;\">regasification plant. </span><span style=\"display:inherit;clear:left;\">2<span class=\"_ _c\"></span>9.<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>4 <span class=\"_\"> </span>Energy T<span class=\"_ _1\"></span>ransition segment revenues</span><span style=\"display:inherit;clear:left;\">Revenues related to the Energy T<span class=\"_ _c\"></span>ransition segment include: (i) revenues related to energy efficiency projects (\u20ac 935 </span><span style=\"display:inherit;clear:left;\">million); \u20ac578 million in 2022), mainly relating to redevelopment and recovery activities of residential building stock (Deep </span><span style=\"display:inherit;clear:left;\">Renovation) and the provision of services (energy service) developed mainly through the management of orders/contracts </span><span style=\"display:inherit;clear:left;\">signed with private entities;; (ii) fees for the construction and operation of biogas and biomethane plants (\u20ac157 million); </span><span style=\"display:inherit;clear:left;\">\u20ac115 million in 2022). </span><span style=\"display:inherit;clear:left;\">29.1.5 <span class=\"_ _10\"> </span>Other segments</span><span style=\"display:inherit;clear:left;\">Revenues include the sale of automotive - CNG compressors (\u20ac14 million).</span><span style=\"display:inherit;clear:left;\">29.2 <span class=\"_ _3f0\"> </span>Other operating income</span><span style=\"display:inherit;clear:left;\">Other operating income of \u20ac44 million mainly related to the transport sector (\u20ac20 million).</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__86": {
   "value": "<span style=\"display:inherit;clear:left;\">29.2 <span class=\"_ _3f0\"> </span>Other operating income</span><span style=\"display:inherit;clear:left;\">Other operating income of \u20ac44 million mainly related to the transport sector (\u20ac20 million).</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__87": {
   "value": "<span style=\"display:inherit;clear:left;\">30) <span class=\"_ _35\"> </span>OPERA<span class=\"_ _1\"></span>TING COSTS <span class=\"_ _1\"></span>AND EXPENSES </span><span style=\"display:inherit;clear:left;position:relative;height:143.771484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Costs for purchase of raw mat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">erials, consumables and finished goods</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 222.486px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">655</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.137</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.934px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Costs for services</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 501.57px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">246</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">287</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ersonnel costs</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 511.312px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">237</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">248</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 719.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other operating costs and expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 400.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">159</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">219</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL OPERA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TING COSTS AND EXPENSES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 350.549px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,297</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,891</span></span></span><span style=\"display:inherit;clear:left;\">The reasons for the most significant changes are explained in the Interim Management Report in the \u2018Comment on </span><span style=\"display:inherit;clear:left;\">Financial Results\u2019.</span><span style=\"display:inherit;clear:left;\">The group's operating costs and expenses are mainly incurred in Italy<span class=\"_ _c\"></span>.</span><span style=\"display:inherit;clear:left;\">Operating costs and expenses incurred with related parties are disclosed in Note 37 'T<span class=\"_ _c\"></span>ransactions with related parties'.</span><span style=\"display:inherit;clear:left;\">30.1 <span class=\"_ _3f0\"> </span>Costs for purchase of raw materials, consumables and finished goods </span><span style=\"display:inherit;clear:left;position:relative;height:143.771484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.605px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Costs for purchase of raw mat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">erials, consumables and finished goods</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 212.666px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,909</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,450</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in invent</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ories of raw materials, c</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">onsumables and finished goods</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.316px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3,198)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(256)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal costs incurred during the year</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 404.906px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">711</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,194</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Share of capitalised costs for internal w</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ork</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 364.008px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(56)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(57)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OSTS FOR PUR</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">CHASE OF R</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AW MA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TERIAL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">S, CONSUMABLES AND FINISHED GOODS </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">655</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,137</span></span></span><span style=\"display:inherit;clear:left;\">The item Costs for the purchase of raw materials, consumables and finished goods is mainly attributable to the energy </span><span style=\"display:inherit;clear:left;\">efficiency business (\u20ac662 million), for the purchase of materials forenergy efficiency measures in the residential, tertiar<span class=\"_ _0\"></span>y </span><span style=\"display:inherit;clear:left;\">and public administration sectors, and to the transport sector (\u20ac389 million), for the purchase of natural gas.</span><span style=\"display:inherit;clear:left;\">30.2 <span class=\"_ _3f0\"> </span>Costs for services </span><span style=\"display:inherit;clear:left;position:relative;height:433.240234375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 719.027px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Construction, design and construction management </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 318.779px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">81</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">267</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 719.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IT Services</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 546.54px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">94</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">109</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 719.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">echnical, legal, administrative and professional services</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 297.891px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">81</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">73</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Routine maintenance services</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 441.082px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">37</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">51</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 719.268px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Supply of electricity, heat, water</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">, etc. </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 400.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">57</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">36</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ersonnel-related services</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 459.81px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">22</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">30</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 719.033px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Environmental services</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 477.581px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">22</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">25</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 718.652px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">elecommunication services</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 450.544px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 237.42px; width: 719.027px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Insurance</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 551.002px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 263.732px; width: 718.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Materials processing at third parties</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 414.082px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.045px; width: 718.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Advertising</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 547.83px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 316.373px; width: 718.799px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Use of the provision for decommissioning and sit</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e restoration</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 267.803px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(8)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 342.686px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other services</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 524.846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">55</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 368.998px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal costs incurred during the year</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 404.906px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">445</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">688</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 395.311px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Share of capitalised costs for internal w</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ork</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.317px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(199)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(401)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 421.623px; width: 719.186px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OSTS FOR SER</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">VICES </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 434.374px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">246</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">287</span></span></span><span style=\"display:inherit;clear:left;\">30.3 <span class=\"_ _3f0\"> </span>Personnel costs</span><span style=\"display:inherit;clear:left;position:relative;height:170.083984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Wages and salaries</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 493.545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">208</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">216</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 719.004px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Social charges (social securityand welfare)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 375.262px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">57</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">60</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 517.331px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">37</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">30</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal personnel costs incurred during the year</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 340.611px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">302</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">306</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Share of capitalised costs</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 458.062px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(65)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(58)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL PERSONNEL C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OSTS</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 448.207px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">237</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">248</span></span></span><span style=\"display:inherit;clear:left;\">Other expenses (\u20ac30 million) mainly include charges for defined contribution plans (\u20ac15 million<span class=\"_ _c\"></span>), chiefly related to accrued </span><span style=\"display:inherit;clear:left;\">Employee Severance Indemnity (TFR), to be paid to pension funds, i.e. INPS. </span><span style=\"display:inherit;clear:left;\">Liabilities for employee benefits are illustrated in Note 20 \u201cLiabilities for employee benefits\u201d.</span><span style=\"display:inherit;clear:left;\">30.3.1 <span class=\"_ _10\"> </span>A<span class=\"_ _c\"></span>verage number of employees</span><span style=\"display:inherit;clear:left;\">The average number of tenured employees of entities included in the scope of consolidation, broken down by professional </span><span style=\"display:inherit;clear:left;\">qualification, is shown in the table below: </span><span style=\"display:inherit;clear:left;position:relative;height:143.771484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.104px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Professional st</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">atus</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 479.355px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 719.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Executives </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 535.545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">145</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">139</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Middle Managers</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 502.721px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">639</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">675</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Office work</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ers</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 506.689px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,925</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,037</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Manual work</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ers</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 510.623px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">841</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">875</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.658px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">VER</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AGE NUMBER OF EMPL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">O</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">YEES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 389.239px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,550</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,726</span></span></span><span style=\"display:inherit;clear:left;\">The average number of employees is calculated as the average determined on the basis of the monthly results of </span><span style=\"display:inherit;clear:left;\">employees per category. </span><span style=\"display:inherit;clear:left;\">The number of employees in service at 31 December 2023 was 3,798 (3,610 employees at 31 December 2022), an increase </span><span style=\"display:inherit;clear:left;\">of 188 resources (+5.21%) compared to 31 December 2022. The increase is mainly due to the strengthening of the energy </span><span style=\"display:inherit;clear:left;\">transition business and the inclusion of new resources in the gas infrastructure business, with particular reference to the </span><span style=\"display:inherit;clear:left;\"><span><span style=\"display:inherit;clear:left;\">natural gas transportation sector<span class=\"_ _1\"></span>, for new project initiatives.</span></span>     </span><span style=\"display:inherit;clear:left;\">30.3.2 <span class=\"_ _10\"> </span>Incentive plans with Snam shares<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">Long-term share-based incentive plan </span><span style=\"display:inherit;clear:left;\">In its meetings held on 18 June 2020 and 4 May 2023, the Snam Shareholders' Meeting approved the 2020-2022 and 2023-</span><span style=\"display:inherit;clear:left;\">2025 Long-<span class=\"_ _c\"></span>T<span class=\"_ _1\"></span>erm Stock Incentive Plans, granting the Board of Directors, and on its behalf the Chief E<span class=\"_ _0\"></span>xecutive Officer<span class=\"_ _1\"></span>, with </span><span style=\"display:inherit;clear:left;\">specific authority to sub-delegate, all powers necessary to implement the Plans.</span><span style=\"display:inherit;clear:left;\">The Plans are for managerial positions at Snam and its Subsidiaries, and namely the Chief Executive Officer of Snam and </span><span style=\"display:inherit;clear:left;\">persons holding positions with the greatest impact on the achievement of business results in the medium-/long-term or </span><span style=\"display:inherit;clear:left;\">with strategic importance for the achievement of Snam\u2019s long-term objectives, as well as any other positions identified in </span><span style=\"display:inherit;clear:left;\">relation to performance achieved, skills possessed or with a view to retention. The maximum number of beneficiaries, per </span><span style=\"display:inherit;clear:left;\">three-year cycle, is 100.</span><span style=\"display:inherit;clear:left;\">The Plans provide for three allocations of ordinary shares each in the years 2020-2021-2022 and 2023-2024-2025, </span><span style=\"display:inherit;clear:left;\">respectively. Each allocation is subject to a three-year vesting period, and respectively 2023-2024-2025 and 2026-2027-</span><span style=\"display:inherit;clear:left;\">2028, at the end of which shares are actually assigned, as illustrated in the scheme below.   </span><span style=\"display:inherit;clear:left;position:relative;height:193.46484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 37.2812px; top: 0.0078125px; width: 669.996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Allocation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Performanc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e Period</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Vesting P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eriod</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assignment of Shares</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Actions Assigned (*)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 53.0469px; top: 26.9043px; width: 627.732px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2020</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2020 - 2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.865px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.467px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.787px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,277,996 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 53.0469px; top: 53.2168px; width: 627.732px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2021 - 2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.865px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.467px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.787px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,245,854 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 53.0469px; top: 79.5293px; width: 627.732px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022 - 2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.865px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.467px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.787px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,032,626 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 53.0469px; top: 105.842px; width: 624.961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023 - 2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.865px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2026</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.467px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2026</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.787px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,272,141</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 53.0469px; top: 132.17px; width: 464.889px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2024 - 2026</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.865px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2027</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.467px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2027</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 53.0469px; top: 158.482px; width: 464.889px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2025 - 2027</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.865px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2028</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.467px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2028</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.473px; width: 423.363px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)  </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.5969px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">The number of shares refers to the target value (performance = 100) of rights allocated for each year</span></span></span><span style=\"display:inherit;clear:left;\">The Board of Directors has determined that a maximum of 3,500,000 Shares will be used for each three-year cycle of </span><span style=\"display:inherit;clear:left;\">the Plans. </span><span style=\"display:inherit;clear:left;\">The 2023-2025 Plan envisages the free assignment of a variable number of shares, depending on the individual attribution </span><span style=\"display:inherit;clear:left;\">and the degree to which the Plan performance conditions are achieved. The actual vesting of the allocated Shares </span><span style=\"display:inherit;clear:left;\">is subject to the achievement of specific Performance Conditions that are verified for all beneficiaries at the end of </span><span style=\"display:inherit;clear:left;\">each three-year period of implementation following a timely process of verifying the results actually achieved by the </span><span style=\"display:inherit;clear:left;\">Appointments and Remuneration Committee, in support of the resolutions taken in this regard by the Board of Directors.</span><span style=\"display:inherit;clear:left;\">The Plan's performance conditions are link<span class=\"_ _c\"></span>ed to the following parameters: </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>Adjusted net profit cumulated in the three-year period corresponding to the Performance Period, with a weight of 40%; </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>Value Added generated in the three-year period corresponding to the performance period, with a weight of 20%; </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>Energy Transition Readiness metric, with an overall weight of 20%, based on the following parameters: </span><span style=\"display:inherit;clear:left;\">1) <span class=\"_ _84\"> </span>km of 'H2 ready' network (weight 10%);</span><span style=\"display:inherit;clear:left;\">2) <span class=\"_ _84\"> </span>MW installed related to biomethane (weight 5%); </span><span style=\"display:inherit;clear:left;\">3) <span class=\"_ _84\"> </span>CSS - H2 projects and market design (weight 5%); </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>ESG metric, with a weight of 20%, measured through the results achieved with respect to 2 indicators identified on a </span><span style=\"display:inherit;clear:left;\">three-year basis, aiming at:</span><span style=\"display:inherit;clear:left;\">4) <span class=\"_ _84\"> </span>reducing natural gas emissions over the next three years (weight 10%); </span><span style=\"display:inherit;clear:left;\">5) <span class=\"_ _84\"> </span>guaranteeing a fair representation of the less present gender in Snam<span class=\"_ _c\"></span>\u2019s management team (weight of 10%) in terms </span><span style=\"display:inherit;clear:left;\">of the % of the less represented gender of executives and middle managers out of all Group executives and midle </span><span style=\"display:inherit;clear:left;\">managers.</span><span style=\"display:inherit;clear:left;\">It is also envisaged that an additional number of shares will be assigned - defined as \u201cdividend equivalents\u201d - according </span><span style=\"display:inherit;clear:left;\">to the shares effectively assigned at the end of the vesting period. The number of additional shares to be allocated </span><span style=\"display:inherit;clear:left;\">is determined by dividing the sum of the dividends distributed in the vesting period by the average price of the share </span><span style=\"display:inherit;clear:left;\">recorded in the month prior to the assignment. For the Chief Executive Officer and the other Plan Beneficiaries, it </span><span style=\"display:inherit;clear:left;\">is envisaged that 20% of the shares assigned, gross of those required to fulfil tax requirements, shall be subject to a </span><span style=\"display:inherit;clear:left;\">lockup period. </span><span style=\"display:inherit;clear:left;\">For further information, see the \u201cInformation Document on the 2023-2025 Long-<span class=\"_ _c\"></span>T<span class=\"_ _1\"></span>erm Share- Based Incentive Plan\u201d </span><span style=\"display:inherit;clear:left;\">prepared pursuant to Article 84-bis of the Regulation on Issuers, available on Snam\u2019s website.</span><span style=\"display:inherit;clear:left;\">In line with the substantial nature of remuneration, in accordance with the provisions of international accounting </span><span style=\"display:inherit;clear:left;\">standards, the cost of the plans is determined by referring to the fair value of the instruments assigned and the forecast </span><span style=\"display:inherit;clear:left;\">of the number of shares to be granted at the end of the vesting period; the cost is recognised pro-rata temporis over </span><span style=\"display:inherit;clear:left;\">the vesting period. </span><span style=\"display:inherit;clear:left;\">The costs pertaining to the 2023 financial year<span class=\"_ _1\"></span>, equal to the product of the number of shares expected to accrue upon </span><span style=\"display:inherit;clear:left;\">maturity, measured at the grant date, were recognised as a cost component against a corresponding equity reserve, </span><span style=\"display:inherit;clear:left;\"><span><span style=\"display:inherit;clear:left;\">and amount to \u20ac5 million (\u20ac6 million in 2022).</span></span><span class=\"ls1\"> </span></span><span style=\"display:inherit;clear:left;\">30.3.3 <span class=\"_ _10\"> </span>Remuneration of key management personnel</span><span style=\"display:inherit;clear:left;\">Remuneration due to persons with the power and responsibility for the planning, management and control of the </span><span style=\"display:inherit;clear:left;\">41</span><span style=\"display:inherit;clear:left;\">company, i.e. ex<span class=\"_ _c\"></span>ecutive and non-executive directors, general managers and executives with strategic responsibilities</span><span style=\"display:inherit;clear:left;\">  (so-</span><span style=\"display:inherit;clear:left;\">called \"key management personnel\") in office during the year amounted (including contributions and accessory charges) to </span><span style=\"display:inherit;clear:left;\">\u20ac6 million (\u20ac13 million in 2022) and was composed as follows: </span><span style=\"display:inherit;clear:left;position:relative;height:117.458984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.834px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Wages and salaries</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Share-based payments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 480.716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 716.156px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ermination of employment benefits</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 410.438px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.904px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL REMUNERA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TION TO KEY MANAGEMENT PERSONNEL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 266.361px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span></span></span><span style=\"display:inherit;clear:left;\">Information on the compensation paid to directors and statutory auditors, general managers and Key Managers, and the </span><span style=\"display:inherit;clear:left;\">equity investments held by each of these, can be found in the Remuneration Report, which is prepared in accordance with </span><span style=\"display:inherit;clear:left;\">Article 123- ter of Legislative Decree no. 58/1998 (TUF). The Remuneration Report is available on the Snam website (ww<span class=\"_ _0\"></span>w.</span><span style=\"display:inherit;clear:left;\"><span><span style=\"display:inherit;clear:left;\">snam.it) in the Governance section, to which reference is made.</span></span> </span><span style=\"display:inherit;clear:left;\">30.3.4 <span class=\"_ _10\"> </span>Remuneration of Directors and Statutory <span class=\"_ _c\"></span>Auditors<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">The remuneration of directors amounted to \u20ac4 million and \u20ac10 million in the 2023 and 2022 financial years, respectively. </span><span style=\"display:inherit;clear:left;\">The remuneration of auditors amounted to \u20ac0.2 million (as in 2022). This remuneration includes fees and any other sum of </span><span style=\"display:inherit;clear:left;\">remuneration, social security and welfare payments due for serving as a director or statutor<span class=\"_ _0\"></span>y auditor in Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. and in </span><span style=\"display:inherit;clear:left;\">other companies included in the scope of consolidation that constituted a cost for Snam, even if not subject to personal </span><span style=\"display:inherit;clear:left;\">income tax.</span><span style=\"display:inherit;clear:left;\">30.4 <span class=\"_ _3f0\"> </span>Other operating costs and expenses </span><span style=\"display:inherit;clear:left;position:relative;height:222.724609375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 16.3008px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">CO</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 20.3281px; top: 26.8887px; width: 698.227px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> emission rights</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 497.67px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">58</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">59</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 16.4844px; top: 34.4336px; width: 3.94336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.996px; font-family: ff77; -webkit-text-stroke: 0.10494px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2168px; width: 719.238px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Allocations (Uses) to</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">/of the provision for bad debt</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.227px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">49</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5293px; width: 718.682px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Software licences, short</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-term leasing costs and leasing of lo</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">w-value assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 201.058px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">26</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">45</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 719.203px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Net allocations/(Uses) to</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">/of provisions for risks and charges</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 280.6px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 719.016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Indirect taxes and duties</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 469.762px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">16</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Losses on the disposal of property, plant and equipment and intangible assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 180.053px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">28</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.795px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 517.331px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 719.068px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL O</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">THER OPER</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TING COSTS AND EXPENSES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 318.164px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">159</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">219</span></span></span><span style=\"display:inherit;clear:left;\">For more details on changes in provisions for risks and charges and receivables, see Note 18 'Provisions for risks and </span><span style=\"display:inherit;clear:left;\">charges' and Note 15 'T<span class=\"_ _1\"></span>rade and other receivables'.</span><span style=\"display:inherit;clear:left;\">41 <span class=\"_ _94\"> </span>This includes persons who have the power and responsibility, directly and indirectly, for planning, managing and controlling Snam<span class=\"_ _c\"></span>'s activities. Snam's key </span><span style=\"display:inherit;clear:left;\">management personnel, other than Directors and Statutory Auditors, have been identified as follows:  Chief Operations Officer, Chief Financial Officer </span><span style=\"display:inherit;clear:left;\">and Chief People &amp; Organisation Officer<span class=\"_ _1\"></span>.    </span><span style=\"display:inherit;clear:left;\">30.4.1 <span class=\"_ _10\"> </span>Greenhouse gas emission permit system - Emission T<span class=\"_ _1\"></span>rading System</span><span style=\"display:inherit;clear:left;\">On 1 January 2021, the fourth regulator<span class=\"_ _0\"></span>y period (2021-2030) of the Emission Trading S<span class=\"_ _c\"></span>ystem (ETS) began, the greenhouse </span><span style=\"display:inherit;clear:left;\">gas emission permit system, regulated by Legislative Decree no. 47 of 9 June 2020, which repealed Legislative Decree no. </span><span style=\"display:inherit;clear:left;\">30 of 13 March 2013 and transposes Directive 2018/410/EU<span class=\"_ _c\"></span>.</span><span style=\"display:inherit;clear:left;\">There are 24 Snam Group plants subject to Emission T<span class=\"_ _c\"></span>rading regulations, of which 13 compressor stations of Snam Rete </span><span style=\"display:inherit;clear:left;\">Gas, 8 storage plants of Stogit, the regasifier of GNL Italia, the cogeneration plant of TEP and from 2023 also the regasifier </span><span style=\"display:inherit;clear:left;\">of FSRU Italia in Piombino. </span><span style=\"display:inherit;clear:left;\">In 2023, the free allocation for the Snam Group amounted to 182,290 allowances, an increase of 17.9 % compared to </span><span style=\"display:inherit;clear:left;\">2022, due to the new rules introduced by the aforementioned legislation for the fourth ETS period. </span><span style=\"display:inherit;clear:left;\">In the 2023 financial year<span class=\"_ _1\"></span>, carbon dioxide emissions from Snam Group installations subject to the ETS exceeded the </span><span style=\"display:inherit;clear:left;\">allocated emission allowances. For around 0.92 million tonnes of carbon dioxide emitted into the atmosphere, there was </span><span style=\"display:inherit;clear:left;\">therefore a deficit of some 0.73 million tonnes. The deficit was offset by the shares purchased by the various companies, </span><span style=\"display:inherit;clear:left;\">with a cost of approximately \u20ac58.87 million recognised under 'Other operating costs and expenses<span class=\"_ _c\"></span>'. No costs are foreseen </span><span style=\"display:inherit;clear:left;\">for TEP as the purchase of CO</span><span style=\"display:inherit;clear:left;\"> quotas is borne by the company to which the plant supplies the energy, net of the quotas </span><span style=\"display:inherit;clear:left;\">2</span><span style=\"display:inherit;clear:left;\">of Renovit TEP for feeding the extra energy directly into the grid. </span><span style=\"display:inherit;clear:left;\">Despite the fact that the new regasification plant in Piombino came into operation, total CO</span><span style=\"display:inherit;clear:left;\"> emissions for the year 2023 </span><span style=\"display:inherit;clear:left;\">2</span><span style=\"display:inherit;clear:left;\">were slightly lower than the previous year (-1.3%), mainly because the amount of gas stored decreased and because the </span><span style=\"display:inherit;clear:left;\">consumption of TEP's cogeneration plant was reduced.</span><span style=\"display:inherit;clear:left;\">However<span class=\"_ _1\"></span>, the costs for the purchase of CO</span><span style=\"display:inherit;clear:left;\"> allowances increased compared to the previous year (+2.5%) due to the </span><span style=\"display:inherit;clear:left;\">2</span><span style=\"display:inherit;clear:left;\">increase in average purchase prices.</span><span style=\"display:inherit;clear:left;\">The current regulatory framework defined by ARER<span class=\"_ _0\"></span>A with reference to the natural gas transportation, regasification and </span><span style=\"display:inherit;clear:left;\">storage sector provides for the recognition of costs related to the Emission T<span class=\"_ _c\"></span>rading System, guaranteeing substantial </span><span style=\"display:inherit;clear:left;\">neutrality at both the economic and financial level for Snam. For further details, please refer to the section \"Risk and </span><span style=\"display:inherit;clear:left;\">Uncertainty F<span class=\"_ _c\"></span>actors - Climate Change\" in the Consolidated Non-Financial Statement.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__88": {
   "value": "<span style=\"display:inherit;clear:left;\">30.3.1 <span class=\"_ _10\"> </span>A<span class=\"_ _c\"></span>verage number of employees</span><span style=\"display:inherit;clear:left;\">The average number of tenured employees of entities included in the scope of consolidation, broken down by professional </span><span style=\"display:inherit;clear:left;\">qualification, is shown in the table below: </span><span style=\"display:inherit;clear:left;position:relative;height:143.771484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.104px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Professional st</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">atus</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 479.355px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 719.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Executives </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 535.545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">145</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">139</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Middle Managers</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 502.721px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">639</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">675</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Office work</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ers</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 506.689px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,925</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.0233px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,037</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Manual work</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ers</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 510.623px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">841</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">875</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.658px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">VER</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AGE NUMBER OF EMPL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">O</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">YEES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 389.239px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,550</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,726</span></span></span><span style=\"display:inherit;clear:left;\">The average number of employees is calculated as the average determined on the basis of the monthly results of </span><span style=\"display:inherit;clear:left;\">employees per category. </span><span style=\"display:inherit;clear:left;\">The number of employees in service at 31 December 2023 was 3,798 (3,610 employees at 31 December 2022), an increase </span><span style=\"display:inherit;clear:left;\">of 188 resources (+5.21%) compared to 31 December 2022. The increase is mainly due to the strengthening of the energy </span><span style=\"display:inherit;clear:left;\">transition business and the inclusion of new resources in the gas infrastructure business, with particular reference to the </span><span style=\"display:inherit;clear:left;\">natural gas transportation sector<span class=\"_ _1\"></span>, for new project initiatives.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__89": {
   "value": "<span style=\"display:inherit;clear:left;\">30.3.2 <span class=\"_ _10\"> </span>Incentive plans with Snam shares<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">Long-term share-based incentive plan </span><span style=\"display:inherit;clear:left;\">In its meetings held on 18 June 2020 and 4 May 2023, the Snam Shareholders' Meeting approved the 2020-2022 and 2023-</span><span style=\"display:inherit;clear:left;\">2025 Long-<span class=\"_ _c\"></span>T<span class=\"_ _1\"></span>erm Stock Incentive Plans, granting the Board of Directors, and on its behalf the Chief E<span class=\"_ _0\"></span>xecutive Officer<span class=\"_ _1\"></span>, with </span><span style=\"display:inherit;clear:left;\">specific authority to sub-delegate, all powers necessary to implement the Plans.</span><span style=\"display:inherit;clear:left;\">The Plans are for managerial positions at Snam and its Subsidiaries, and namely the Chief Executive Officer of Snam and </span><span style=\"display:inherit;clear:left;\">persons holding positions with the greatest impact on the achievement of business results in the medium-/long-term or </span><span style=\"display:inherit;clear:left;\">with strategic importance for the achievement of Snam\u2019s long-term objectives, as well as any other positions identified in </span><span style=\"display:inherit;clear:left;\">relation to performance achieved, skills possessed or with a view to retention. The maximum number of beneficiaries, per </span><span style=\"display:inherit;clear:left;\">three-year cycle, is 100.</span><span style=\"display:inherit;clear:left;\">The Plans provide for three allocations of ordinary shares each in the years 2020-2021-2022 and 2023-2024-2025, </span><span style=\"display:inherit;clear:left;\">respectively. Each allocation is subject to a three-year vesting period, and respectively 2023-2024-2025 and 2026-2027-</span><span style=\"display:inherit;clear:left;\">2028, at the end of which shares are actually assigned, as illustrated in the scheme below.   </span><span style=\"display:inherit;clear:left;position:relative;height:193.46484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 37.2812px; top: 0.0078125px; width: 669.996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Allocation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Performanc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e Period</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Vesting P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eriod</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.2616px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Assignment of Shares</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Actions Assigned (*)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 53.0469px; top: 26.9043px; width: 627.732px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2020</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2020 - 2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.865px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.467px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.787px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,277,996 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 53.0469px; top: 53.2168px; width: 627.732px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2021</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2021 - 2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.865px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.467px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.787px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,245,854 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 53.0469px; top: 79.5293px; width: 627.732px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022 - 2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.865px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.467px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.787px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,032,626 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 53.0469px; top: 105.842px; width: 624.961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023 - 2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.865px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2026</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.467px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2026</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.787px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,272,141</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 53.0469px; top: 132.17px; width: 464.889px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2024</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2024 - 2026</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.865px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2027</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.467px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2027</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 53.0469px; top: 158.482px; width: 464.889px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2025</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2025 - 2027</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.865px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2028</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.467px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2028</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.473px; width: 423.363px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*)  </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.5969px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">The number of shares refers to the target value (performance = 100) of rights allocated for each year</span></span></span><span style=\"display:inherit;clear:left;\">The Board of Directors has determined that a maximum of 3,500,000 Shares will be used for each three-year cycle of </span><span style=\"display:inherit;clear:left;\">the Plans. </span><span style=\"display:inherit;clear:left;\">The 2023-2025 Plan envisages the free assignment of a variable number of shares, depending on the individual attribution </span><span style=\"display:inherit;clear:left;\">and the degree to which the Plan performance conditions are achieved. The actual vesting of the allocated Shares </span><span style=\"display:inherit;clear:left;\">is subject to the achievement of specific Performance Conditions that are verified for all beneficiaries at the end of </span><span style=\"display:inherit;clear:left;\">each three-year period of implementation following a timely process of verifying the results actually achieved by the </span><span style=\"display:inherit;clear:left;\">Appointments and Remuneration Committee, in support of the resolutions taken in this regard by the Board of Directors.</span><span style=\"display:inherit;clear:left;\">The Plan's performance conditions are link<span class=\"_ _c\"></span>ed to the following parameters: </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>Adjusted net profit cumulated in the three-year period corresponding to the Performance Period, with a weight of 40%; </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>Value Added generated in the three-year period corresponding to the performance period, with a weight of 20%; </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>Energy Transition Readiness metric, with an overall weight of 20%, based on the following parameters: </span><span style=\"display:inherit;clear:left;\">1) <span class=\"_ _84\"> </span>km of 'H2 ready' network (weight 10%);</span><span style=\"display:inherit;clear:left;\">2) <span class=\"_ _84\"> </span>MW installed related to biomethane (weight 5%); </span><span style=\"display:inherit;clear:left;\">3) <span class=\"_ _84\"> </span>CSS - H2 projects and market design (weight 5%); </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>ESG metric, with a weight of 20%, measured through the results achieved with respect to 2 indicators identified on a </span><span style=\"display:inherit;clear:left;\">three-year basis, aiming at:</span><span style=\"display:inherit;clear:left;\">4) <span class=\"_ _84\"> </span>reducing natural gas emissions over the next three years (weight 10%); </span><span style=\"display:inherit;clear:left;\">5) <span class=\"_ _84\"> </span>guaranteeing a fair representation of the less present gender in Snam<span class=\"_ _c\"></span>\u2019s management team (weight of 10%) in terms </span><span style=\"display:inherit;clear:left;\">of the % of the less represented gender of executives and middle managers out of all Group executives and midle </span><span style=\"display:inherit;clear:left;\">managers.</span><span style=\"display:inherit;clear:left;\">It is also envisaged that an additional number of shares will be assigned - defined as \u201cdividend equivalents\u201d - according </span><span style=\"display:inherit;clear:left;\">to the shares effectively assigned at the end of the vesting period. The number of additional shares to be allocated </span><span style=\"display:inherit;clear:left;\">is determined by dividing the sum of the dividends distributed in the vesting period by the average price of the share </span><span style=\"display:inherit;clear:left;\">recorded in the month prior to the assignment. For the Chief Executive Officer and the other Plan Beneficiaries, it </span><span style=\"display:inherit;clear:left;\">is envisaged that 20% of the shares assigned, gross of those required to fulfil tax requirements, shall be subject to a </span><span style=\"display:inherit;clear:left;\">lockup period. </span><span style=\"display:inherit;clear:left;\">For further information, see the \u201cInformation Document on the 2023-2025 Long-<span class=\"_ _c\"></span>T<span class=\"_ _1\"></span>erm Share- Based Incentive Plan\u201d </span><span style=\"display:inherit;clear:left;\">prepared pursuant to Article 84-bis of the Regulation on Issuers, available on Snam\u2019s website.</span><span style=\"display:inherit;clear:left;\">In line with the substantial nature of remuneration, in accordance with the provisions of international accounting </span><span style=\"display:inherit;clear:left;\">standards, the cost of the plans is determined by referring to the fair value of the instruments assigned and the forecast </span><span style=\"display:inherit;clear:left;\">of the number of shares to be granted at the end of the vesting period; the cost is recognised pro-rata temporis over </span><span style=\"display:inherit;clear:left;\">the vesting period. </span><span style=\"display:inherit;clear:left;\">The costs pertaining to the 2023 financial year<span class=\"_ _1\"></span>, equal to the product of the number of shares expected to accrue upon </span><span style=\"display:inherit;clear:left;\">maturity, measured at the grant date, were recognised as a cost component against a corresponding equity reserve, </span><span style=\"display:inherit;clear:left;\">and amount to \u20ac5 million (\u20ac6 million in 2022).</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__90": {
   "value": "<span style=\"display:inherit;clear:left;\">30.3.3 <span class=\"_ _10\"> </span>Remuneration of key management personnel</span><span style=\"display:inherit;clear:left;\">Remuneration due to persons with the power and responsibility for the planning, management and control of the </span><span style=\"display:inherit;clear:left;\">41</span><span style=\"display:inherit;clear:left;\">company, i.e. ex<span class=\"_ _c\"></span>ecutive and non-executive directors, general managers and executives with strategic responsibilities</span><span style=\"display:inherit;clear:left;\">  (so-</span><span style=\"display:inherit;clear:left;\">called \"key management personnel\") in office during the year amounted (including contributions and accessory charges) to </span><span style=\"display:inherit;clear:left;\">\u20ac6 million (\u20ac13 million in 2022) and was composed as follows: </span><span style=\"display:inherit;clear:left;position:relative;height:117.458984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.834px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Wages and salaries</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.963px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Share-based payments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 480.716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 716.156px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ermination of employment benefits</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 410.438px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.2051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.904px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL REMUNERA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TION TO KEY MANAGEMENT PERSONNEL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 266.361px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span></span></span><span style=\"display:inherit;clear:left;\">Information on the compensation paid to directors and statutory auditors, general managers and Key Managers, and the </span><span style=\"display:inherit;clear:left;\">equity investments held by each of these, can be found in the Remuneration Report, which is prepared in accordance with </span><span style=\"display:inherit;clear:left;\">Article 123- ter of Legislative Decree no. 58/1998 (TUF). The Remuneration Report is available on the Snam website (ww<span class=\"_ _0\"></span>w.</span><span style=\"display:inherit;clear:left;\">snam.it) in the Governance section, to which reference is made.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__91": {
   "value": "<span style=\"display:inherit;clear:left;\">30.3.4 <span class=\"_ _10\"> </span>Remuneration of Directors and Statutory <span class=\"_ _c\"></span>Auditors<span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">The remuneration of directors amounted to \u20ac4 million and \u20ac10 million in the 2023 and 2022 financial years, respectively. </span><span style=\"display:inherit;clear:left;\">The remuneration of auditors amounted to \u20ac0.2 million (as in 2022). This remuneration includes fees and any other sum of </span><span style=\"display:inherit;clear:left;\">remuneration, social security and welfare payments due for serving as a director or statutor<span class=\"_ _0\"></span>y auditor in Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. and in </span><span style=\"display:inherit;clear:left;\">other companies included in the scope of consolidation that constituted a cost for Snam, even if not subject to personal </span><span style=\"display:inherit;clear:left;\">income tax.</span><span style=\"display:inherit;clear:left;\">30.4 <span class=\"_ _3f0\"> </span>Other operating costs and expenses </span><span style=\"display:inherit;clear:left;position:relative;height:222.724609375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 16.3008px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">CO</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 20.3281px; top: 26.8887px; width: 698.227px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> emission rights</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 497.67px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">58</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">59</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 16.4844px; top: 34.4336px; width: 3.94336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.996px; font-family: ff77; -webkit-text-stroke: 0.10494px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2168px; width: 719.238px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Allocations (Uses) to</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">/of the provision for bad debt</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.227px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">49</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5293px; width: 718.682px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Software licences, short</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-term leasing costs and leasing of lo</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">w-value assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 201.058px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">26</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">45</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 719.203px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Net allocations/(Uses) to</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">/of provisions for risks and charges</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 280.6px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 719.016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Indirect taxes and duties</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 469.762px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">16</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Losses on the disposal of property, plant and equipment and intangible assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 180.053px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">28</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.795px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 517.331px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">20</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 719.068px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL O</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">THER OPER</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TING COSTS AND EXPENSES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 318.164px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">159</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">219</span></span></span><span style=\"display:inherit;clear:left;\">For more details on changes in provisions for risks and charges and receivables, see Note 18 'Provisions for risks and </span><span style=\"display:inherit;clear:left;\">charges' and Note 15 'T<span class=\"_ _1\"></span>rade and other receivables'.</span><span style=\"display:inherit;clear:left;\">41 <span class=\"_ _94\"> </span>This includes persons who have the power and responsibility, directly and indirectly, for planning, managing and controlling Snam<span class=\"_ _c\"></span>'s activities. Snam's key </span><span style=\"display:inherit;clear:left;\">management personnel, other than Directors and Statutory Auditors, have been identified as follows:  Chief Operations Officer, Chief Financial Officer </span><span style=\"display:inherit;clear:left;\">and Chief People &amp; Organisation Officer<span class=\"_ _1\"></span>.    </span><span style=\"display:inherit;clear:left;\">30.4.1 <span class=\"_ _10\"> </span>Greenhouse gas emission permit system - Emission T<span class=\"_ _1\"></span>rading System</span><span style=\"display:inherit;clear:left;\">On 1 January 2021, the fourth regulator<span class=\"_ _0\"></span>y period (2021-2030) of the Emission Trading S<span class=\"_ _c\"></span>ystem (ETS) began, the greenhouse </span><span style=\"display:inherit;clear:left;\">gas emission permit system, regulated by Legislative Decree no. 47 of 9 June 2020, which repealed Legislative Decree no. </span><span style=\"display:inherit;clear:left;\">30 of 13 March 2013 and transposes Directive 2018/410/EU<span class=\"_ _c\"></span>.</span><span style=\"display:inherit;clear:left;\">There are 24 Snam Group plants subject to Emission T<span class=\"_ _c\"></span>rading regulations, of which 13 compressor stations of Snam Rete </span><span style=\"display:inherit;clear:left;\">Gas, 8 storage plants of Stogit, the regasifier of GNL Italia, the cogeneration plant of TEP and from 2023 also the regasifier </span><span style=\"display:inherit;clear:left;\">of FSRU Italia in Piombino. </span><span style=\"display:inherit;clear:left;\">In 2023, the free allocation for the Snam Group amounted to 182,290 allowances, an increase of 17.9 % compared to </span><span style=\"display:inherit;clear:left;\">2022, due to the new rules introduced by the aforementioned legislation for the fourth ETS period. </span><span style=\"display:inherit;clear:left;\">In the 2023 financial year<span class=\"_ _1\"></span>, carbon dioxide emissions from Snam Group installations subject to the ETS exceeded the </span><span style=\"display:inherit;clear:left;\">allocated emission allowances. For around 0.92 million tonnes of carbon dioxide emitted into the atmosphere, there was </span><span style=\"display:inherit;clear:left;\">therefore a deficit of some 0.73 million tonnes. The deficit was offset by the shares purchased by the various companies, </span><span style=\"display:inherit;clear:left;\">with a cost of approximately \u20ac58.87 million recognised under 'Other operating costs and expenses<span class=\"_ _c\"></span>'. No costs are foreseen </span><span style=\"display:inherit;clear:left;\">for TEP as the purchase of CO</span><span style=\"display:inherit;clear:left;\"> quotas is borne by the company to which the plant supplies the energy, net of the quotas </span><span style=\"display:inherit;clear:left;\">2</span><span style=\"display:inherit;clear:left;\">of Renovit TEP for feeding the extra energy directly into the grid. </span><span style=\"display:inherit;clear:left;\">Despite the fact that the new regasification plant in Piombino came into operation, total CO</span><span style=\"display:inherit;clear:left;\"> emissions for the year 2023 </span><span style=\"display:inherit;clear:left;\">2</span><span style=\"display:inherit;clear:left;\">were slightly lower than the previous year (-1.3%), mainly because the amount of gas stored decreased and because the </span><span style=\"display:inherit;clear:left;\">consumption of TEP's cogeneration plant was reduced.</span><span style=\"display:inherit;clear:left;\">However<span class=\"_ _1\"></span>, the costs for the purchase of CO</span><span style=\"display:inherit;clear:left;\"> allowances increased compared to the previous year (+2.5%) due to the </span><span style=\"display:inherit;clear:left;\">2</span><span style=\"display:inherit;clear:left;\">increase in average purchase prices.</span><span style=\"display:inherit;clear:left;\">The current regulatory framework defined by ARER<span class=\"_ _0\"></span>A with reference to the natural gas transportation, regasification and </span><span style=\"display:inherit;clear:left;\">storage sector provides for the recognition of costs related to the Emission T<span class=\"_ _c\"></span>rading System, guaranteeing substantial </span><span style=\"display:inherit;clear:left;\">neutrality at both the economic and financial level for Snam. For further details, please refer to the section \"Risk and </span><span style=\"display:inherit;clear:left;\">Uncertainty F<span class=\"_ _c\"></span>actors - Climate Change\" in the Consolidated Non-Financial Statement.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__92": {
   "value": "<span style=\"display:inherit;clear:left;\">31) <span class=\"_ _35\"> </span>DEPRECIA<span class=\"_ _1\"></span>TION, <span class=\"_ _1\"></span>AMORTISA<span class=\"_ _1\"></span>TION <span class=\"_ _1\"></span>AND IMP<span class=\"_ _1\"></span>AIRMENT LOSSES   </span><span style=\"display:inherit;clear:left;position:relative;height:170.083984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation of property, plant and equipment</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 341.66px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">747</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">786</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 719.145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amortisation of intangible assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 416.351px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">120</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">139</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.664px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal depreciation and amortisation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 401.67px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">867</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">925</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.986px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impairment losses on property, plant and equipment and intangible assets</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 217.014px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">201</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.811px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal impairment losses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 474.551px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">201</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL DEPRE</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">CIATION, AMORTISA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TION AND IMP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AIRMENT LOSSES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 227.191px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">890</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.126</span></span></span><span style=\"display:inherit;clear:left;\">For more details on depreciation, amortisation and impairment losses, please refer to the analyses in Notes 8 'Property, </span><span style=\"display:inherit;clear:left;\">Plant and Equipment' and 9 'Intangible Assets and Goodwill'.</span><span style=\"display:inherit;clear:left;\">An analysis of depreciation, amortisation and impairment losses by business segment is provided in Note 36 'Information </span><span style=\"display:inherit;clear:left;\">by business segment'.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__93": {
   "value": "<span style=\"display:inherit;clear:left;\">32) <span class=\"_ _35\"> </span>NET FINANCIAL EXPENSES </span><span style=\"display:inherit;clear:left;position:relative;height:419.51171875px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 718.594px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Interest income and other financial inc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ome on short</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-term financial assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 200.578px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(30)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 719.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Interest income on long-t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">erm financial receivables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 324.334px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.7267px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(5)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.682px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Other financial income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 465.57px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(25)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(58)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL FINANCIAL INC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OME </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 441.082px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(37)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.2793px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(93)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.723px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Interest expense and other financial expenses on bonds</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 287.672px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">148</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">120</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Commissions paid on loans and bank credit lines</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 336.252px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 719.227px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Interest expense on credit lines and loans from banks and other lenders</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.113px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">152</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 718.893px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Expenses related to gross financial debt</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 381.248px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">175</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">295</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 237.42px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Financial expenses related to the passage of time (accretion disc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ount)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 218.56px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 263.732px; width: 719.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other financial expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 468.825px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.045px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal financial expenses incurred during the year</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 333.65px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">202</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">335</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 316.373px; width: 718.834px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Share of capitalised financial expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 380.209px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(25)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.7304px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(21)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 342.686px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL FINANCIAL EXPENSES </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 430.957px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">177</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">314</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 368.998px; width: 718.928px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL NET FINANCIAL EXPENSES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 408.248px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">140</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">221</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 399.27px; width: 710.021px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.61134px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">This item relates to the increase in provisions for risks and charges and emplo</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yee benefit liabilities, which are shown, at a discounted value, in Note 18 \"Pro</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">visions for risks </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 16.4844px; top: 410.52px; width: 227.865px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and charges\" and Note 20 \"Employee benefit liabilities\".</span></span></span><span style=\"display:inherit;clear:left;\">Interest income on long-term financial receivables (\u20ac5 million) relates to the OL<span class=\"_ _11\"></span>T Shareholder Loan.</span><span style=\"display:inherit;clear:left;\">Other financial income (\u20ac58 million) mainly refers to: (i) default interest billed to end customers and distribution users in </span><span style=\"display:inherit;clear:left;\">relation to unpaid invoices for the default service provided by Snam Rete Gas (\u20ac38 million); (ii) income from the effect of </span><span style=\"display:inherit;clear:left;\">the passage of time of Ecobonus credits (\u20ac13 million); (iii) the effects of the restatement of future cash flows related to </span><span style=\"display:inherit;clear:left;\">the partial repayment of the Shareholders Loan by OL<span class=\"_ _11\"></span>T (\u20ac3 million).</span><span style=\"display:inherit;clear:left;\">The expenses related to gross financial debt (\u20ac295 million) mainly concern: (i) interest expense and other charges on </span><span style=\"display:inherit;clear:left;\">bonds (\u20ac120 million) related to interest on bonds (ii) interest expense to banks related to revolving credit facilities and </span><span style=\"display:inherit;clear:left;\">term loans totalling \u20ac152 million; (iii) the year's portion of up-front fees (\u20ac13 million) and (iv) non-utilisation fees for </span><span style=\"display:inherit;clear:left;\">revolving credit facilities (\u20ac9 million).</span><span style=\"display:inherit;clear:left;\">Other financial expenses (\u20ac21 million) mainly refer to the accrual to the bad debt provision for default interest related to </span><span style=\"display:inherit;clear:left;\">the default service of Snam Rete Gas (\u20ac12 million).</span><span style=\"display:inherit;clear:left;\">The financial expenses associated with the passage of time mainly relate to the decommissioning and site restoration </span><span style=\"display:inherit;clear:left;\">provisions of the storage and transport sectors.</span><span style=\"display:inherit;clear:left;\">Capitalised financial expenses refer to the portion of financial expenses capitalised in investing activities.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__94": {
   "value": "<span style=\"display:inherit;clear:left;\">34) <span class=\"_ _35\"> </span>INCOME T<span class=\"_ _1\"></span>AXES  </span><span style=\"display:inherit;clear:left;\">34.1 <span class=\"_ _3f0\"> </span>Income taxes recognised in the income statement</span><span style=\"display:inherit;clear:left;position:relative;height:250.427734375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 382.266px; top: 0.0078125px; width: 248.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 193.629px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 417.531px; top: 26.3203px; width: 33.0762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IRAP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">, </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 638.688px; top: 26.3203px; width: 33.0762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IRAP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">, </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 33.4141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 333.141px; top: 33.0859px; width: 31.8867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IRES, </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 553.5px; top: 33.0859px; width: 31.8867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IRES, </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 399.438px; top: 39.8203px; width: 50.332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">regional </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 620.953px; top: 39.8203px; width: 50.332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">regional </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 294.812px; top: 46.5859px; width: 70.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">corpor</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ation </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 468.797px; top: 46.5859px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 516.453px; top: 46.5859px; width: 70.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">corpor</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ation </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 690.875px; top: 46.5859px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 415.641px; top: 53.3203px; width: 34.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">trade </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 636.516px; top: 53.3203px; width: 34.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">trade </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 343.75px; top: 60.0859px; width: 17.8945px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tax</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 564.594px; top: 60.0859px; width: 17.8945px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tax</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 384.797px; top: 66.8203px; width: 62.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ax</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 606.672px; top: 66.8203px; width: 62.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income t</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ax</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.7168px; width: 719.273px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current tax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es for the year</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 201.058px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">344</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">63</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">407</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">378</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">70</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">448</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 120.029px; width: 275.174px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Adjustments for current tax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es relating to previous </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 354.938px; top: 126.795px; width: 363.65px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(12)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.5585px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.5195px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(14)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 133.529px; width: 28.9219px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">years</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.857px; width: 718.893px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Provisions (uses) for current tax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 170.531px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.299px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 186.186px; width: 718.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal current taxes</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 238.916px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">353</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">63</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">416</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.3301px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">372</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">68</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">440</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 212.498px; width: 718.922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal deferred taxes </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 227.736px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(37)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.5585px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.5195px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(38)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(50)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.5585px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(51)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.811px; width: 718.834px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL INC</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OME T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">XES </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 213.082px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">316</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">62</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">378</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">322</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">67</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.4277px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">389</span></span></span><span style=\"display:inherit;clear:left;\">Income taxes (\u20ac389 million) increased by \u20ac11 million compared to 31 December 2022, mainly due to pre-tax profit. </span><span style=\"display:inherit;clear:left;\">The analysis of the reconciliation between the theoretical tax charge, determined by applying the IRES, corporation tax </span><span style=\"display:inherit;clear:left;\">and IR<span class=\"_ _0\"></span>AP<span class=\"_ _1\"></span>, regional trade income tax rates in force in Italy, and the actual tax charge for the year is shown below: </span><span style=\"display:inherit;clear:left;position:relative;height:512.896484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 500.688px; top: 0.0078125px; width: 167.555px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 13.1641px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 459.219px; top: 26.3203px; width: 262.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ax rate</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.0039px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> Value </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.8828px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ax rate</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.0039px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> Value </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 721.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Pre-tax profit</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 470.595px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,050 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.4784px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.5196px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">   1,534 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 413.326px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accrued IRES, corporation tax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es, calculated on the basis of the theoretical </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 471.062px; top: 86.2793px; width: 249.844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">24.0%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">252 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24.0%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">      368 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0137px; width: 43.6816px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tax rate</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.342px; width: 716.15px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ariations from the theoretical rate:</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 455.321px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.654px; width: 718.904px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Income from equity inv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">estments </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 286.945px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1.4%)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(15)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(5.2%)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(80)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 171.982px; width: 718.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Dividend tax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 404.906px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.5%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">16</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2.0%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">30</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.295px; width: 718.629px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Provision (use) for current tax</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">es</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 299.637px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.8%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.6991px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.5%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 224.607px; width: 718.922px; white-space: pre; word-spacing: 0px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Other permanent differences</span><span style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: 0px; width: 323.567px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">5.2%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">55</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(0.2%)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 250.92px; width: 721.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IRES, CORPORA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TION TAXES FOR THE YEAR </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 228.744px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">29.3%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">316 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21.0%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.125px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">      322 </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 500.688px; top: 302.992px; width: 167.555px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.016px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 316.148px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 459.219px; top: 329.305px; width: 262.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ax rate</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.0039px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> Value </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.8828px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ax rate</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.0039px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> Value </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 356.186px; width: 721.67px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Difference between value and cost of production</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 277.652px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,351</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.5585px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.5196px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">   1,346 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 382.498px; width: 358.518px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Accrued IRAP</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">, regional trade income tax, calculated on the basis </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 478.844px; top: 389.264px; width: 242.965px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3.9%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">53</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.9%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.0039px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">        52 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 395.998px; width: 144.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">of the theoretical tax rate</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 422.326px; width: 716.15px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">V</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ariations from the theoretical rate:</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 455.321px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 448.654px; width: 718.834px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Delta regional IRAP rates</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 343.148px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.2%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.6991px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.3%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 474.967px; width: 718.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other permanent differences</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 319.482px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.4%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.6991px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.8%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 501.279px; width: 721.389px; white-space: pre; word-spacing: 0px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IRAP FOR THE YEAR</span><span style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: -0.36px; display: inline-block; margin-left: 0px; width: 370.236px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">4.5%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">62</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5.0%</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.5058px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">        67 </span></span></span></span><span style=\"display:inherit;clear:left;\">An analysis of deferred tax assets and liabilities based on the nature of the significant temporary differences that gave rise </span><span style=\"display:inherit;clear:left;\">to them is provided in Note 19 'Deferred T<span class=\"_ _c\"></span>ax Liabilities/<span class=\"_ _c\"></span>Assets'.</span><span style=\"display:inherit;clear:left;\">34.2 <span class=\"_ _3f0\"> </span>T<span class=\"_ _1\"></span>axes relating to components of comprehensive income </span><span style=\"display:inherit;clear:left;position:relative;height:263.943359375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 407.484px; top: 0.0078125px; width: 231.369px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 176.83px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 19.9141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 333.141px; top: 26.3203px; width: 45.375px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Pre-tax </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 406.281px; top: 26.3203px; width: 35.4844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Fiscal </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 472.844px; top: 26.3203px; width: 45.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Net tax </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 536.578px; top: 26.3203px; width: 45.375px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Pre-tax </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 610.844px; top: 26.3203px; width: 35.4844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Fiscal </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 676.938px; top: 26.3203px; width: 45.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Net tax </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 343.75px; top: 39.8203px; width: 31.1074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">value</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 399.438px; top: 39.8203px; width: 39.0293px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">impact</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 484.359px; top: 39.8203px; width: 31.1074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">value</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 547.797px; top: 39.8203px; width: 31.1074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">value</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 603.391px; top: 39.8203px; width: 39.0293px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">impact</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 687.922px; top: 39.8203px; width: 31.1074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">value</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.7012px; width: 266.643px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Revaluation of defined benefit plan liabilities for </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 368.562px; top: 73.4668px; width: 351.064px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.0312px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 80.2012px; width: 59.1973px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">employees</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 106.529px; width: 290.461px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Investments acc</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ounted for using the equity method - </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 354.938px; top: 113.295px; width: 364.652px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">130</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.871px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">130</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(50)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.4239px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.0312px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(50)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 120.029px; width: 289.863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">share of other components of comprehensiv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e income</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 146.357px; width: 291.838px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Equity inv</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">estments accounted for at FVTOCI (\u201cfair value </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 353.641px; top: 153.123px; width: 365.648px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(44)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.086px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(44)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.0312px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.752px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.857px; width: 204.832px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">through other comprehensive inc</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ome\u201d)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 186.186px; width: 718.746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cash flow hedge \u2013 effective portion of fair value change</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.5196px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 212.514px; width: 718.98px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other components of comprehensive income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 114.656px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">113</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.621px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">108</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(45)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.9784px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(48)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.826px; width: 314.625px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">CURRENT AND DEFERRED INCOME T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AXES RECOGNISED </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 424px; top: 245.576px; width: 218.848px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 134.871px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2696px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 252.326px; width: 206.607px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">IN OTHER C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OMPREHENSIVE INCOME</span></span></span><span style=\"display:inherit;clear:left;\">34.3 <span class=\"_ _3f0\"> </span>Global minimum tax</span><span style=\"display:inherit;clear:left;\">As a result of the work done in connection with the year 2022, based on currently available information, an estimated </span><span style=\"display:inherit;clear:left;\">supplementary tax is expected to be insignificant<span class=\"_ _0\"></span>.</span><span style=\"display:inherit;clear:left;\">For further details, see Note 5.15 'Income taxes'.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__95": {
   "value": "<span style=\"display:inherit;clear:left;\">35) <span class=\"_ _35\"> </span>EARNINGS PER SHARE</span><span style=\"display:inherit;clear:left;\">Basic earnings per share of \u20ac0.346 per share (\u20ac0.201 per share in 2022) are calculated by dividing the profit for the year </span><span style=\"display:inherit;clear:left;\">attributable to Snam shareholders (\u20ac1,135 million; \u20ac671 million in 2022) for the weighted average number of Snam </span><span style=\"display:inherit;clear:left;\">shares outstanding during the year<span class=\"_ _1\"></span>, excluding treasur<span class=\"_ _0\"></span>y shares (3,353,119,570 shares; 3,336,596,674 shares for the </span><span style=\"display:inherit;clear:left;\">financial year 2022). </span><span style=\"display:inherit;clear:left;\">Diluted earnings per share are calculated by dividing the profit for the period attributable to Snam shareholders, net </span><span style=\"display:inherit;clear:left;\">of the tax effect, by the weighted average number of shares outstanding in the period, excluding treasury shares, and </span><span style=\"display:inherit;clear:left;\">those potentially deriving from long-term share incentive plans (2021, 2022 and 2023 assignments). </span><span style=\"display:inherit;clear:left;\">The weighted average number of outstanding shares used to determine diluted earnings per share is 3,355,142,129 and </span><span style=\"display:inherit;clear:left;\">3,339,548,370 shares for the years 2023 and 2022, respectively. </span><span style=\"display:inherit;clear:left;\">35.1 <span class=\"_ _3f0\"> </span>Reconciliation of basic and diluted earnings per share</span><span style=\"display:inherit;clear:left;\">The reconciliation of the weighted average number of shares outstanding used to determine basic earnings per share and </span><span style=\"display:inherit;clear:left;\">that used to determine diluted earnings per share is shown below: </span><span style=\"display:inherit;clear:left;position:relative;height:170.083984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 590.031px; top: 0.0078125px; width: 129.322px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 719.016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Weighted average number of shares outstanding for basic earnings per share</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 123.252px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,336,596,674</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.2637px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,353,119,570</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 721.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Number of potential shares for long-term incentiv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">e plans</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 254.391px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,951,696 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,022,559 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 718.904px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Weighted average number of shares outstanding for diluted earnings per share</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 112.23px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,339,548,370</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.2637px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,355,142,129</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Profit for the year attributable to Snam shareholders (\u20ac million)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 251.924px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">671</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,135</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">BASIC EARNINGS PER SHARE (AMOUNTS IN EURO PER SHARE)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 238.916px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.201</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.338</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 718.682px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">DILUTED EARNINGS PER SHARE (AMOUNTS IN EURO PER SHARE)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 223.295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.201</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.338</span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__96": {
   "value": "<span style=\"display:inherit;clear:left;\">36) <span class=\"_ _35\"> </span>INFORMA<span class=\"_ _1\"></span>TION BY<span class=\"_ _c\"></span> BUSINESS SEGMENT </span><span style=\"display:inherit;clear:left;\">In accordance with IFRS 8 'Operating Segments', the segments identified by the Group at 31 December 2023 are as<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">follows: </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ff74 ws1\">T<span class=\"_ _c\"></span>ransportation segment<span class=\"ff7b\">, attributable to the legal entities that carry out<span class=\"_ _0\"></span>, at Group level, natural gas transportation </span></span></span><span style=\"display:inherit;clear:left;\">and dispatching activities in Italy (Snam Rete Gas, ITG and Enura<span class=\"_ _c\"></span>);</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ff74 ws1\">Storage segment<span class=\"ff7b\">, attributable to the legal entity that provides the natural gas storage service in Italy (Stogit);</span></span></span><span style=\"display:inherit;clear:left;\">42</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ff74 ws1\">Regasification segment</span></span><span style=\"display:inherit;clear:left;\">, attributable to the legal entity providing the liquefied natural gas regasification service </span><span style=\"display:inherit;clear:left;\">(LNG Italy) and the legal entities owning floating regasification plants - FSRUs (Snam FSRU Italia, FSRU I Limited; </span><span style=\"display:inherit;clear:left;\">Ravenna LNG T<span class=\"_ _1\"></span>erminal);</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span><span class=\"ff74 ws1\">Energy T<span class=\"_ _c\"></span>ransition segment<span class=\"ff7b\"> to which the companies active in the energy efficiency business traceable to the legal </span></span></span><span style=\"display:inherit;clear:left;\">entities of the Renovit group and in the biogas/biomethane business traceable to the legal entities of the Bioenerys </span><span style=\"display:inherit;clear:left;\">group belong, as well as the activities in the start<span class=\"_ _c\"></span>-up phase in the hydrogen sector<span class=\"_ _1\"></span>. The Energy Transition sector<span class=\"_ _1\"></span>, due </span><span style=\"display:inherit;clear:left;\">to exceeding the materiality thresholds of IFRS 8, which was also confirmed during the Plan period, constitutes an </span><span style=\"display:inherit;clear:left;\">operating segment subject to separate reporting as of 2022.</span><span style=\"display:inherit;clear:left;\">The 'Other segments', not subject to separate reporting, mainly include the sustainable mobility business, an activity<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">that is being repositioned within the Gas Infrastructures business insofar as it is no longer focused solely on the </span><span style=\"display:inherit;clear:left;\">automotive sector<span class=\"_ _1\"></span>, but is oriented towards the construction of mid-stream infrastructures dedicated to heav<span class=\"_ _0\"></span>y transport, </span><span style=\"display:inherit;clear:left;\">shipping and railways. </span><span style=\"display:inherit;clear:left;\">The other unallocated amounts mainly refer to head office activities of Snam corporate and captive insurance company </span><span style=\"display:inherit;clear:left;\">activities.</span><span style=\"display:inherit;clear:left;\">In order to assess the performance of the operating segments, Snam's Management mainly analyses adjusted EBITDA<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">(net of any non-recurring costs or revenues arising from events or transactions that are not representative of normal </span><span style=\"display:inherit;clear:left;\">business activity) and adjusted EBIT<span class=\"_ _1\"></span>, for which a reconciliation with the related reported values is provided.</span><span style=\"display:inherit;clear:left;\">In addition to the above measures, the Management Board periodically analyses the revenues and investments for each </span><span style=\"display:inherit;clear:left;\">business.</span><span style=\"display:inherit;clear:left;\">In order to allow for a better reconciliation with data represented for management purposes, the representation of </span><span style=\"display:inherit;clear:left;\">revenues has been changed, differentiating 'Regulated revenues', regarding services subject to regulation by the </span><span style=\"display:inherit;clear:left;\">Authority ARER<span class=\"_ _0\"></span>A, from 'Other revenues' and 'Other income<span class=\"_ _c\"></span>' not subject to such regulation, instead of the distinction </span><span style=\"display:inherit;clear:left;\">made between 'Revenues from ordinary operations' and 'Other revenues and income'.<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">42 <span class=\"_ _94\"> </span>Sector subject to separate reporting as a business subject to specific regulation, even if the materiality thresholds of IFRS 8 are not exceeded.</span><span style=\"display:inherit;clear:left;position:relative;height:1023.458984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 291.469px; top: 0.0078125px; width: 116.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Reporting segments</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 620.891px; top: 26.3359px; width: 47.9824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rec</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">onci-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 552.156px; top: 39.8359px; width: 52.7695px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amounts </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 617.891px; top: 39.8359px; width: 55.1543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liation of </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.6797px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 219.734px; top: 53.3203px; width: 49.9043px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ranspor</span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">-</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 364.984px; top: 53.3359px; width: 42.1465px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regasi-</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 436.391px; top: 53.3359px; width: 40.1074px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Energy </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 583.422px; top: 53.3359px; width: 21.8438px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">not </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 620.891px; top: 53.3359px; width: 52.7051px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">adjusted </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 293.328px; top: 60.0859px; width: 48.3164px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Storage </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 508.172px; top: 60.1016px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 238.859px; top: 66.8203px; width: 34.3945px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">tation </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 362.469px; top: 66.8359px; width: 47.1973px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">fication </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 420.406px; top: 66.8359px; width: 56.127px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransition</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 550.375px; top: 66.8359px; width: 53.7012px; white-space: pre; word-spacing: 0.264px; letter-spacing: -0.264px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">allocat</span><span style=\"word-spacing: 0.264px; letter-spacing: -0.264px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ed</span><span style=\"word-spacing: 0.264px; letter-spacing: -0.264px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 633.375px; top: 66.8359px; width: 39.8086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">values </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 690.266px; top: 66.8359px; width: 27.6797px; white-space: pre; word-spacing: 0.36px; letter-spacing: -0.36px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0.36px; letter-spacing: -0.36px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 286.859px; top: 73.5859px; width: 53.7539px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Segment </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 486.781px; top: 73.6016px; width: 55.2363px; white-space: pre; word-spacing: 0.036px; letter-spacing: -0.036px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">segments</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 222.594px; top: 80.3203px; width: 49.957px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Segment</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 354.984px; top: 80.3359px; width: 53.7539px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Segment </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 425.688px; top: 80.3359px; width: 47.5137px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Segment</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 590.031px; top: 80.3359px; width: 14.9414px; white-space: pre; word-spacing: 0.48px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">to</span><span style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 644.359px; top: 80.3359px; width: 28.1543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">with </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 550.375px; top: 93.8359px; width: 50.3438px; white-space: pre; word-spacing: 0.648px; letter-spacing: -0.648px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">segments</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 619.531px; top: 93.8359px; width: 54.1348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">reported </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 633.375px; top: 107.336px; width: 36.9258px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">values</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 133.373px; width: 125.139px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FINANCIAL YEAR 2022</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 157.998px; width: 718.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regulated revenues </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.795px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,162</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">515</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">42</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 282.621px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,719</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 182.623px; width: 719.045px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other non-regulated revenues</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 97.7227px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">94</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 115.336px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">693</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.9142px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">831</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 207.248px; width: 718.635px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">to deduct: intersector revenues </span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 90.9259px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(48)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 185.414px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 159.105px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(54)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 231.873px; width: 718.98px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal revenues from third parties</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 63.5449px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,208</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">516</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">42</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">693</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,496</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 256.498px; width: 719.139px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other operating income</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 130.975px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 120.574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">28</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 281.107px; width: 192.041px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">to deduct: other intersector operating </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 256.703px; top: 287.873px; width: 463.266px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 366.662px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(9)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 294.607px; width: 36.3867px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 319.232px; width: 183.217px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: -0.48px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal revenues and other operating</span><span style=\"word-spacing: 0px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 240.391px; top: 325.998px; width: 479.379px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,218</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">516</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">46</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">695</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.6991px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,515</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 332.732px; width: 130.348px; white-space: pre; word-spacing: 0px; letter-spacing: -0.48px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income from third parties</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 357.357px; width: 718.992px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">EBITDA</span><span style=\"word-spacing: 0.24px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 199.078px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.80078px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,795</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">425</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">29</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(19)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(17)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(19)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,218</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 381.982px; width: 142.312px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation, amortization </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 241.719px; top: 388.748px; width: 476.777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(703)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(120)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(11)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(28)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(17)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.2578px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(890)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 395.482px; width: 116.965px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and impairment losses</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 420.107px; width: 719.039px; white-space: pre; word-spacing: 0.24px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">EBIT</span><span style=\"word-spacing: 0.24px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 215.613px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.80078px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,092</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">305</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">18</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.2989px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(21)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(26)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(36)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,328</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 444.732px; width: 182.209px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Investments in Property, plant and </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 240.391px; top: 451.498px; width: 478.652px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,007</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">172</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">55</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">98</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,355</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 458.232px; width: 169.395px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">equipment and intangible assets</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 482.857px; width: 186.305px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">to deduct: Investments in Property, </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 496.357px; width: 190.529px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">plant and equipment and intangible </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 459.219px; top: 496.357px; width: 258.68px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 229.922px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 509.857px; width: 98.6777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">assets - infrasector</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 534.482px; width: 203.186px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal investments in Property, plant </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 240.391px; top: 541.232px; width: 478.74px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,007</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">172</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">55</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">94</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,351</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 547.982px; width: 204.498px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and equipment and intangible assets</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 572.607px; width: 120.58px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">FINANCIAL YEAR 2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 597.232px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Regulated revenues </span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 133.119px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,474</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">553</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">77</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 282.621px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,104</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 621.857px; width: 718.986px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other non-regulated revenues</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 90.9259px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">231</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 105.727px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,092</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">42</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.902px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,367</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 646.482px; width: 718.939px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">to deduct: intersector revenues </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 76.377px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(225)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 352.535px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(227)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 671.107px; width: 719.256px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal revenues from third parties</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.4531px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,480</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">553</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">77</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,092</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">42</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,244</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 695.732px; width: 719.139px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other operating income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.082px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 120.574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">55</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 720.357px; width: 201.398px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">to deduct: other intersector operating </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 256.703px; top: 727.107px; width: 462.961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(8)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 359.59px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(11)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 733.857px; width: 37.8281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 758.482px; width: 199.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal revenues and other operating </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 240.391px; top: 765.232px; width: 478.805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2,499</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">556</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">78</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.6699px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,105</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">42</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,288</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 771.982px; width: 142.348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">income from third parties</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 796.592px; width: 718.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">EBITDA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.508px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,873</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">477</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">35</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4511px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">60</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(24)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(20)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,397</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 821.217px; width: 148.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Depreciation, amortization </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 241.719px; top: 827.982px; width: 475.846px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(726)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(125)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(28)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(51)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(9)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(186)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 13.9746px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0.48px; letter-spacing: -0.48px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(1,126)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 834.717px; width: 122.01px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and impairment losses</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 859.342px; width: 670.16px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- of which: Write-do</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">wns</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.15px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.022px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(7)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 167.42px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(186)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 883.967px; width: 718.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">EBIT</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 214.647px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,147</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">352</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.1426px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.2716px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(5)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.6134px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(33)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(206)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.4336px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,271</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 908.592px; width: 183.375px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Investments in Property, plant and </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 240.391px; top: 915.357px; width: 478.289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,139</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">225</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">256</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">131</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5917px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.2676px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,778</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 922.092px; width: 169.852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">equipment and intangible assets</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 946.717px; width: 186.305px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">to deduct: Investments in Property, </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 960.217px; width: 190.529px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">plant and equipment and intangible </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 460.438px; top: 960.217px; width: 258.68px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(4)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 229.922px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 973.717px; width: 98.6777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff78; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">assets - infrasector</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 998.342px; width: 203.186px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal investments in Property, plant </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 240.391px; top: 1005.09px; width: 479.355px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,139</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">225</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7596px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">256</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.3029px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">127</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.8241px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0938px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,774</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 1011.84px; width: 204.498px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and equipment and intangible assets</span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__97": {
   "value": "<span style=\"display:inherit;clear:left;\">37) <span class=\"_ _35\"> </span>TRANSACTIONS WITH RELA<span class=\"_ _1\"></span>TED P<span class=\"_ _11\"></span>ARTIES </span><span style=\"display:inherit;clear:left;\">From 1 August 2019, CDP S.p.A<span class=\"_ _0\"></span>. reclassified its equity investment in Snam, already classified as de facto control </span><span style=\"display:inherit;clear:left;\">pursuant to international accounting standard IFRS 10 \u2013 Consolidated financial statements from 2014, as de facto </span><span style=\"display:inherit;clear:left;\">control pursuant to Article 2359, paragraph 1 of the Italian Civil Code and Article 93 of the TUF<span class=\"_ _1\"></span>.</span><span style=\"display:inherit;clear:left;\">Given the existence of de facto control by CDP S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. over Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>, the related parties of Snam, based on the current </span><span style=\"display:inherit;clear:left;\">group ownership structure, are represented not only by Snam's subsidiaries, associates and companies under joint </span><span style=\"display:inherit;clear:left;\">control, but also by the parent company CDP S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. and its subsidiaries, including joint ventures, and associates, as well </span><span style=\"display:inherit;clear:left;\">as by the subsidiaries, including joint ventures, and associates of the Ministry of the Economy and Finance (MEF) and, in </span><span style=\"display:inherit;clear:left;\">any case, any additional related parties within the meaning of IAS 24 in effect from time to time. In addition, members </span><span style=\"display:inherit;clear:left;\">of the Board of Directors, Statutory Auditors and executives with strategic responsibilities, their family members and </span><span style=\"display:inherit;clear:left;\">entities controlled by them, including jointly by Snam, CDP and CDP Reti, are also considered related parties.</span><span style=\"display:inherit;clear:left;\">As explained in detail below, transactions with related parties mainly concern the exchange of goods and the provision<span class=\"_ _c\"></span> </span><span style=\"display:inherit;clear:left;\">of infrastructure services in the gas sector, whose rules are established by the Regulatory Authority for Electricity, </span><span style=\"display:inherit;clear:left;\">Gas and the Water S<span class=\"_ _c\"></span>ystem (ARER<span class=\"_ _0\"></span>A).  In particular<span class=\"_ _c\"></span>, ARERA sets the rates for the use of infrastructures and, through the </span><span style=\"display:inherit;clear:left;\">Network Code, guarantees maximum impartiality and equal access to Users. </span><span style=\"display:inherit;clear:left;\">Snam\u2019s related party transactions are part of ordinary business operations and are generally settled at market </span><span style=\"display:inherit;clear:left;\">conditions, i.e. the conditions which would be applied for two independent parties. All the transactions carried out were </span><span style=\"display:inherit;clear:left;\">in the interest of the companies of the Snam Group.</span><span style=\"display:inherit;clear:left;\">Pursuant to the provisions of the relevant legislation, the company has adopted internal guidelines to ensure that </span><span style=\"display:inherit;clear:left;\">transactions carried out by Snam or its subsidiaries with related parties are transparent and correct in their substance </span><span style=\"display:inherit;clear:left;\">and procedure.  </span><span style=\"display:inherit;clear:left;\">Directors and statutory auditors declare potential interests that they have in relation to the Company and the Group </span><span style=\"display:inherit;clear:left;\">every six months, and/or when changes in said interests occur; they also inform the Chief Executive Officer (or the Chair<span class=\"_ _c\"></span>, </span><span style=\"display:inherit;clear:left;\">in the case of the Chief Executive Officer interests), who in turn informs the other directors and the Board of Statutory </span><span style=\"display:inherit;clear:left;\">Auditors, of individual transactions that the Company intends to carry out and in which they have an interest.</span><span style=\"display:inherit;clear:left;\">Snam is not subject to management and coordination activities. Snam carries out management and coordination </span><span style=\"display:inherit;clear:left;\">activities, pursuant to Article 2497 and following of the Italian Civil Code, with respect to directly and indirectly </span><span style=\"display:inherit;clear:left;\">controlled companies. </span><span style=\"display:inherit;clear:left;\">Pursuant to the disclosure requirements set forth in Consob Regulation no. 17221 of 12 March 2010, with reference </span><span style=\"display:inherit;clear:left;\">to transactions between related parties that fall within the \"Cases of Exclusion<span class=\"_ _c\"></span>\" referred to in Article 13, paragraph </span><span style=\"display:inherit;clear:left;\">3, letter c) of the RPT Regulation and paragraph 3.2, item 8) of the RPT Guideline, no information on related party </span><span style=\"display:inherit;clear:left;\">transactions is reported.</span><span style=\"display:inherit;clear:left;\">The following table shows the balances of transactions of a commercial and other financial nature with related </span><span style=\"display:inherit;clear:left;\">parties, as defined above, for the current year and the previous year of comparison. The nature of the most significant </span><span style=\"display:inherit;clear:left;\">transactions is also indicated.</span><span style=\"display:inherit;clear:left;\">37.1 <span class=\"_ _3f0\"> </span>Commercial and other relations </span><span style=\"display:inherit;clear:left;\">Commercial and other relations are analysed in the table below: </span><span style=\"display:inherit;clear:left;position:relative;height:980.58984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 253.25px; top: 0.0078125px; width: 327.486px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 239.783px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.3203px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 448.422px; top: 26.3516px; width: 225.229px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rev</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">enues (a</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.865px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Costs (b)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 245.703px; top: 32.7422px; width: 34.2363px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 357.938px; top: 32.7578px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 171.844px; top: 39.4922px; width: 58.418px; white-space: pre; word-spacing: 0.84px; letter-spacing: -0.84px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rec</span><span style=\"word-spacing: 0.84px; letter-spacing: -0.84px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eivables</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 286.859px; top: 39.5078px; width: 46.1367px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Pa</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yables</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 244.25px; top: 46.2422px; width: 32.8359px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">assets</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 344.359px; top: 46.2578px; width: 46.8984px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 413.578px; top: 52.6641px; width: 305.355px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Goods</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.6973px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Ser</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vices</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 15.2051px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 21.9023px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span></span><span style=\"display: inline-block;\">Goods</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.6973px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Ser</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vices</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 15.6973px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">Other</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5449px; width: 167.654px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Snam Gas &amp; Energy Ser</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vicies  </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 223.797px; top: 86.3105px; width: 451.447px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 269.074px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 153.738px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0449px; width: 53.6426px; white-space: pre; word-spacing: 5.736px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 8.51367px; display: inline-block;\"> </span>(Beijing)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.373px; width: 335.461px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Snam Middle East BV</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.879px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.686px; width: 160.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal subsidiaries accounted </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 223.797px; top: 152.451px; width: 451.699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 166.57px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 154.131px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.186px; width: 155.812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for using the equity method</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 185.514px; width: 122.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">DESFA - Hellenic Gas </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 199.014px; width: 164.062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.00392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Transmission Syst</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">em  </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 223.797px; top: 199.014px; width: 495.51px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 151.969px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 107.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 193.102px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 212.514px; width: 82.2363px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.49022px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Operator S.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.842px; width: 143.051px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Trans Austria Gaisletung </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 223.797px; top: 245.592px; width: 285.012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.412px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 252.342px; width: 75.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.00392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">GMBH (T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AG)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 278.67px; width: 150.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Trans Adriatic Pipeline A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">G </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 223.797px; top: 285.42px; width: 285.51px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 292.17px; width: 36.1582px; white-space: pre; word-spacing: 6px; letter-spacing: -0.768px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 8.00977px; display: inline-block;\"> </span>(</span><span style=\"word-spacing: 6px; letter-spacing: -0.768px; display: inline-block; margin-left: 0px; width: 0.884767px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TA</span><span style=\"word-spacing: 6px; letter-spacing: -0.768px; display: inline-block; margin-left: 0px; width: 0.884767px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">P</span><span style=\"word-spacing: 6px; letter-spacing: -0.768px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 318.498px; width: 719.238px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 180.053px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.412px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 195.978px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 344.811px; width: 128.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal companies under </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 358.311px; width: 157.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">joint control and associated </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 217.062px; top: 358.311px; width: 502.307px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.051px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 195.539px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 371.811px; width: 59.4492px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">companies</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 398.123px; width: 719.584px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Snam Foundation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.539px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 482.43px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 424.436px; width: 332.291px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Cassa Depositi e Prestiti</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 173.285px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">116</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 450.764px; width: 332.824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal parent company</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 191.291px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">116</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 477.076px; width: 555.539px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 180.053px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 216.24px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 503.389px; width: 114.328px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal subsidiaries of </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 223.797px; top: 510.139px; width: 332.332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 217.014px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 516.889px; width: 138.398px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">the parent company CDP</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 543.217px; width: 672.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Saipem Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 236.145px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">30</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 326.695px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">42</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 569.529px; width: 613.189px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 281.772px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 273.803px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 595.842px; width: 128.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal companies under </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 609.342px; width: 148.371px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">joint control of the parent </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 320.094px; top: 609.342px; width: 353.947px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 273.803px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">42</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 622.842px; width: 76.6699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">company CDP</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 649.17px; width: 110.977px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Gestore dei ser</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vizi </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 210.188px; top: 655.92px; width: 299.045px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">313</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 662.67px; width: 112.816px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.00392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">energetici S.p.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. (c)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 688.998px; width: 277.154px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Anas Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 154.131px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1482px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 715.311px; width: 672.656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Enel Group (d) (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">241</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">62</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 155.672px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">536</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1482px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 741.623px; width: 719.273px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Eni Group (d) (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">420</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">278</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.846px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,153</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.9591px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">158</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">71</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 767.936px; width: 672.844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Invitalia Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 233.361px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 326.695px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 794.264px; width: 508.711px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 180.053px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.412px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 820.576px; width: 118.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal state-owned or </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 210.188px; top: 827.326px; width: 509.426px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">978</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">375</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.172px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,700</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">158</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">96</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 834.076px; width: 157.072px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">state-controlled enterprises</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 860.404px; width: 105.34px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TRADE BAL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ANCES </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 210.188px; top: 867.154px; width: 509.121px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">995</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">538</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,708</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1482px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">160</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">140</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 873.904px; width: 134.285px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">WITH RELA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TED P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ARTIES</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 904.098px; width: 222.785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(a) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.0371px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Gross of tariff components that are offset in costs.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 915.348px; width: 289.295px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(b) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.0371px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">They include costs for goods and services for inv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">estment purposes.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 926.598px; width: 500.947px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(c) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.61134px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Costs for the purchase of goods do not include gas purchases made pursuant to ARERA resolution no. 274/2022/R</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">/Gas.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 937.848px; width: 159.117px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(d) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.0371px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Including balancing asset balances.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 949.098px; width: 702.275px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.61134px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Commercial relations with the Eni Group and the Enel Group mainly concern regulated services for natural gas transportation, regasification and storage. Snam provides </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 16.4844px; top: 960.348px; width: 669.082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">these services on the basis of the rules established by ARERA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">, the energy regulator</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. In particular</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">, ARERA establishes the tariffs for the use of the infrastructures and </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 16.4844px; top: 971.598px; width: 549.621px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">guarantees, also through the Reference Codes (Network, St</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">orage and Regasification), maximum impartiality and equal access to Users. </span></span></span><span style=\"display:inherit;clear:left;position:relative;height:979.90234375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 254.703px; top: 0.0078125px; width: 327.486px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 239.783px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.3203px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 447.469px; top: 26.3359px; width: 225.229px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rev</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">enues (a</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.865px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Costs (b)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 246.656px; top: 32.7422px; width: 34.2363px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 359.281px; top: 32.7578px; width: 36.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 172.828px; top: 39.4766px; width: 57.0996px; white-space: pre; word-spacing: 0.96px; letter-spacing: -0.96px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rec</span><span style=\"word-spacing: 0.96px; letter-spacing: -0.96px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eivables</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 286.219px; top: 39.4922px; width: 46.1367px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Pa</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">yables</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 244.828px; top: 46.2422px; width: 32.8359px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">assets</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 344.938px; top: 46.2578px; width: 46.8984px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">liabilities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 414.609px; top: 52.6641px; width: 305.355px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Goods</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.6973px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Ser</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vices</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 15.2051px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">Other</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 21.9023px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span></span><span style=\"display: inline-block;\">Goods</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.6973px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Ser</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vices</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 15.6973px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span style=\"display: inline-block;\">Other</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 79.5449px; width: 675.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 622.114px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 105.857px; width: 160.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal subsidiaries accounted </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 666.734px; top: 112.607px; width: 9.61523px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.357px; width: 155.812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for using the equity method</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 145.686px; width: 719.467px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Interconnector UK</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.139px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 264.738px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 195.978px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 171.998px; width: 143.051px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Trans Austria Gaisletung </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 217.266px; top: 178.764px; width: 291.779px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">14</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.412px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 185.498px; width: 75.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.00392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">GMBH (T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AG)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 211.826px; width: 150.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Trans Adriatic Pipeline A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">G </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 217.266px; top: 218.592px; width: 291.779px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">12</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">11</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.412px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 225.326px; width: 35.748px; white-space: pre; word-spacing: 6px; letter-spacing: -0.768px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 8.00977px; display: inline-block;\"> </span>(</span><span style=\"word-spacing: 6px; letter-spacing: -0.768px; display: inline-block; margin-left: 0px; width: 0.884767px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TA</span><span style=\"word-spacing: 6px; letter-spacing: -0.768px; display: inline-block; margin-left: 0px; width: 0.884767px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">P)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 251.654px; width: 719.227px; white-space: pre; word-spacing: 1.644px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 1.644px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.92px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 4.41797px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-2\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2793px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 195.539px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span></span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 277.982px; width: 128.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal companies under </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 291.482px; width: 157.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">joint control and associated </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 217.266px; top: 291.482px; width: 502.916px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">35</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">26</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.846px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 195.539px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(4)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 304.982px; width: 59.4492px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">companies</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 331.295px; width: 719.596px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Snam Foundation</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 615.803px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 357.607px; width: 332.291px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1.26562px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Cassa Depositi e Prestiti</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 173.285px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">119</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 383.92px; width: 332.824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal parent company</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 191.291px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">119</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 410.232px; width: 332.32px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Sace Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 257.742px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 436.561px; width: 555.539px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 180.053px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 216.24px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 462.873px; width: 135.973px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal subsidiaries of the </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 225.344px; top: 469.623px; width: 332.332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.8574px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 217.014px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 476.373px; width: 116.754px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">parent company CDP</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 502.701px; width: 672.955px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Saipem Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 236.145px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">89</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 320.303px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">192</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 529.014px; width: 673.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Valvitalia Finanziaria S.p.A.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 455.741px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 555.326px; width: 128.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal companies under </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 568.826px; width: 148.371px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">joint control of the parent </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 319.5px; top: 568.826px; width: 354.041px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">89</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 273.803px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">193</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 582.326px; width: 76.6699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">company CDP</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 608.654px; width: 142.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">-  </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">HRA Group - Autostrade </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 225.344px; top: 615.404px; width: 6.77344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 622.154px; width: 112.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.00392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">per l'Italia S.p.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. (c)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 648.482px; width: 161.654px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">-  </span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">Gestore dei servizi energetici</span><span style=\"word-spacing: 0px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"> </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 217.266px; top: 655.232px; width: 292.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">37</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">32</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">29</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 661.982px; width: 37.2363px; white-space: pre; word-spacing: 5.472px; letter-spacing: -0.24px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 8.00977px; display: inline-block;\"> </span>S.p.A</span><span style=\"word-spacing: 5.472px; letter-spacing: -0.24px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 688.311px; width: 719.537px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Anas Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 201.058px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.621px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 380.209px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 714.623px; width: 508.91px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Enel Group (d) (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.051px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">218</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 155.672px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">779</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 740.936px; width: 719.52px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Eni Group (d) (*)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.596px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">364</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.0665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">304</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 102.797px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.5195px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,274</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.9591px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">139</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.0545px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">88</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1482px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 767.248px; width: 672.844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Invitalia Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 233.361px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 326.695px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">32</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 793.561px; width: 719.742px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 180.053px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.688px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 203.613px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 819.889px; width: 118.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal state-owned or </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 211.188px; top: 826.639px; width: 509.197px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">623</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">376</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.172px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,084</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.4727px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">139</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">120</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 833.389px; width: 157.072px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">state-controlled enterprises</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 859.717px; width: 105.34px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TRADE BAL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ANCES </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 211.188px; top: 866.467px; width: 511.916px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">659</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.1211px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">619</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3417px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.0683px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,105</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1482px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.7031px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">144</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.3341px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">314</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 1.25px; top: 873.217px; width: 134.285px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">WITH RELA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TED P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ARTIES</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 903.41px; width: 222.785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(a) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.0371px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Gross of tariff components that are offset in costs.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 914.66px; width: 289.295px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(b) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.0371px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">They include costs for goods and services for inv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">estment purposes.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 925.91px; width: 500.947px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(c) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.61134px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Costs for the purchase of goods do not include gas purchases made pursuant to ARERA resolution no. 274/2022/R</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">/Gas.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 937.16px; width: 159.117px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(d) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.0371px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Including balancing asset balances.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 948.41px; width: 702.275px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(*) </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 4.61134px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Commercial relations with the Eni Group and the Enel Group mainly concern regulated services for natural gas transportation, regasification and storage. Snam provides </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 17.0781px; top: 959.66px; width: 665.068px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">these services on the basis of the rules established by ARERA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">, the energy regulator</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. In particular</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">, ARERA establishes the tariffs for the use of the infrastructure and </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 17.0781px; top: 970.91px; width: 549.621px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">guarantees, also through the Reference Codes (Network, St</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 9px; font-family: ff77; -webkit-text-stroke: 0.135px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">orage and Regasification), maximum impartiality and equal access to Users. </span></span></span><span style=\"display:inherit;clear:left;\">37.1.1 <span class=\"_ _2\"></span>Companies under joint control and associated companies </span><span style=\"display:inherit;clear:left;\">The most significant trade relations with companies under joint control and associated companies mainly concern: (i) </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>AG and T<span class=\"_ _1\"></span>AP in relation to the sale and purchase of gas in the context of balancing activities; (ii) ser<span class=\"_ _0\"></span>vice and consulting </span><span style=\"display:inherit;clear:left;\">revenues from Interconnector Limited. </span><span style=\"display:inherit;clear:left;\">37.1.2 <span class=\"_ _2\"></span>Parent company</span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _c\"></span>rade relations with the parent company Cassa Depositi e Prestiti relate to the interim dividend payable of \u20ac119 million, </span><span style=\"display:inherit;clear:left;\">which was resolved on 8 November 2023 by the Board of Directors and payable as of 24 January 2024, with ex-dividend </span><span style=\"display:inherit;clear:left;\">date on 22 January 2024 and record date on 23 Januar<span class=\"_ _0\"></span>y 2024. </span><span style=\"display:inherit;clear:left;\">37.1.3 <span class=\"_ _2\"></span>Companies under joint control of the parent company Cassa Depositi e Prestiti</span><span style=\"display:inherit;clear:left;\">The most significant commercial transactions with companies under the joint control of Cassa Depositi e Prestiti is the </span><span style=\"display:inherit;clear:left;\">provision by Saipem of design and works supervision ser<span class=\"_ _0\"></span>vices for the construction of natural gas transportation, storage </span><span style=\"display:inherit;clear:left;\">infrastructures and regasification new plants, governed by contracts entered into on normal market terms. </span><span style=\"display:inherit;clear:left;\">37.1.4 <span class=\"_ _2\"></span>State-owned or state-controlled enterprises </span><span style=\"display:inherit;clear:left;\">The most significant business relations with state-owned or state-controlled enterprises refer to:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the provision of natural gas transportation, regasification and storage ser<span class=\"_ _0\"></span>vices to the Eni Group and the Enel Group; </span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the purchase from the Eni Group of electricity used to carr<span class=\"_ _0\"></span>y out activities;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>debts to Eni connected to the Carbon Capture Storage (CCS) development project, relating to the capture and storage </span><span style=\"display:inherit;clear:left;\">of CO</span><span style=\"display:inherit;clear:left;\">. </span><span style=\"display:inherit;clear:left;\">2</span><span style=\"display:inherit;clear:left;\">37.2 <span class=\"_ _3f0\"> </span>Financial relations </span><span style=\"display:inherit;clear:left;position:relative;height:913.958984375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 427.953px; top: 0.0078125px; width: 241.441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 153.738px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.6797px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 513.141px; top: 27.4922px; width: 62.9414px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Guarantees </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 344.938px; top: 40.9922px; width: 138.48px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rec</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eivables</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 25.9863px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Payables</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 552.266px; top: 40.9922px; width: 22.4414px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 600.938px; top: 40.9922px; width: 118.225px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.834px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Income</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 501.156px; top: 54.4922px; width: 71.7363px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">commitments</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 81.373px; width: 406.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- East Mediterranean Gas Compan</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y S.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.E. (EMG)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.463px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 108.857px; width: 718.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- OL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.5969px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T Offshore LNG T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">oscana S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 201.058px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">102</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 299.227px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 136.326px; width: 574.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Societ\u00e0 Agricola ASSORO BIOMET</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ANO S.r</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.l.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 317.76px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 162.654px; width: 574.986px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rans Adriatic Pipeline AG (T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AP)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 364.008px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,129 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 188.967px; width: 574.863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rans Austria Gasleitung Gmbh (T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AG)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 352.535px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">89 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 215.279px; width: 285.867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal companies under joint control and associated </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 386.328px; top: 222.029px; width: 332.824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">108</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 135.264px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,230 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 130.195px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 228.779px; width: 59.4492px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">companies</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 255.107px; width: 482.947px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Arbolia S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">. Societ\u00e0 Benefit</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 311.121px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 281.42px; width: 482.666px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal non-consolidated subsidiaries</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 279.317px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 307.748px; width: 575.051px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">CDP Corporate P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">artners</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 434.835px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 334.061px; width: 312.926px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal subsidiaries of the parent company Cassa Depositi </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 565.938px; top: 340.811px; width: 6.82031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">8</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 347.561px; width: 50.9531px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">e Prestiti</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 373.889px; width: 655.383px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Cassa Depositi e Prestiti Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 225.768px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">200</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 165.791px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 400.201px; width: 655.553px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal parent company</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 278.549px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">200</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 165.791px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 426.514px; width: 301.682px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">BALANCES OF FINANCIAL REL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TIONS WITH RELA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TED </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 386.328px; top: 433.279px; width: 333.199px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">109</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">201</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.9395px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,238 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.2772px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 440.014px; width: 46.834px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ARTIES</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 427.953px; top: 492.086px; width: 241.441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2023</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 153.738px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 518.758px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 513.141px; top: 518.414px; width: 62.9414px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Guarantees </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 344.938px; top: 531.914px; width: 138.48px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Rec</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eivables</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 25.9863px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Payables</span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 552.266px; top: 531.914px; width: 22.4414px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">and</span><span style=\"word-spacing: 0.6px; letter-spacing: -0.6px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\"><span style=\"width: 2.88281px; display: inline-block;\"> </span></span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 600.938px; top: 531.914px; width: 118.225px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.834px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Income</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 501.156px; top: 545.414px; width: 71.7363px; white-space: pre; word-spacing: 0.6px; letter-spacing: -0.6px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">commitments</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 572.295px; width: 574.986px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rans Adriatic Pipeline AG (T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">AP)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 364.008px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,129 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 598.607px; width: 406.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- East Mediterranean Gas Compan</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y S.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.E. (EMG)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.463px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 624.92px; width: 719.051px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- OL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.5969px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">T Offshore LNG T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">oscana S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.113px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">82</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 305.783px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 651.248px; width: 406.207px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 355.365px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 677.561px; width: 285.867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal companies under joint control and associated </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 392.641px; top: 684.311px; width: 16.4297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">90 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 542.109px; top: 684.357px; width: 179.883px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,129 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">   </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.3846px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 691.061px; width: 59.4492px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">companies</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 717.436px; width: 485.707px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Others</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 432.094px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 743.748px; width: 485.461px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal non-consolidated subsidiaries</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 279.317px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 770.061px; width: 574.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- CDP Corporate P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">artners</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 421.455px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 796.373px; width: 312.926px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal subsidiaries of the parent company Cassa Depositi </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 559.516px; top: 803.139px; width: 16.4297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">12 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 809.873px; width: 50.9531px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">e Prestiti</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 836.201px; width: 655.465px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Cassa Depositi e Prestiti Group</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 225.768px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">503</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 159.105px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">18</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 862.514px; width: 654.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal parent company</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 278.549px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">503</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 158.256px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">18</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 888.842px; width: 301.682px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">BALANCES OF FINANCIAL REL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TIONS WITH RELA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TED </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 392.641px; top: 895.592px; width: 328.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">93 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">504 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,141 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.5918px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">18 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0705px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 902.342px; width: 46.834px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ARTIES</span></span></span><span style=\"display:inherit;clear:left;\">37.2.1 <span class=\"_ _10\"> </span>Companies under joint control and associated companies</span><span style=\"display:inherit;clear:left;\">Financial transactions with joint ventures and associates include:</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the so-called 'Debt Payment Undertaking' guarantee in favour of T<span class=\"_ _1\"></span>AP<span class=\"_ _1\"></span>, i.e. a mechanism to support the repayment of </span><span style=\"display:inherit;clear:left;\">T<span class=\"_ _1\"></span>AP's outstanding financial debt that would be activated, unlike the first-demand guarantee, upon the occurrence of </span><span style=\"display:inherit;clear:left;\">43</span><span style=\"display:inherit;clear:left;\">specific and determined conditions linked to exceptional events of an extraordinary nature</span><span style=\"display:inherit;clear:left;\">;</span><span style=\"display:inherit;clear:left;\">\u2022 <span class=\"_ _48\"> </span>the long-term financial receivable in favour of OL<span class=\"_ _1\"></span>T and the related interest income. </span><span style=\"display:inherit;clear:left;\">37.2.2 <span class=\"_ _d\"> </span>Parent company</span><span style=\"display:inherit;clear:left;\">Financial relations with Cassa Depositi e Prestiti essentially concern two loans granted by the parent company to Snam </span><span style=\"display:inherit;clear:left;\">S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.</span><span style=\"display:inherit;clear:left;\">37.3 <span class=\"_ _3f0\"> </span>Impact of transactions or positions with related parties on the financial position and </span><span style=\"display:inherit;clear:left;\">performance and cash flows</span><span style=\"display:inherit;clear:left;\">The impact of transactions or positions with related parties on the statement of financial position and income statement is </span><span style=\"display:inherit;clear:left;\">shown in the following summary table: </span><span style=\"display:inherit;clear:left;position:relative;height:236.255859375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 352.188px; top: 0.0078125px; width: 289.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">31.12.2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 168.926px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31.12.2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 19.9141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 368.031px; top: 26.3359px; width: 47.9062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Related </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 597.906px; top: 26.3359px; width: 47.9062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Related </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 307.078px; top: 33.0703px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 435.266px; top: 33.0859px; width: 130.078px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impact %</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 665.75px; top: 33.1016px; width: 53.2441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impact %</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 368.031px; top: 39.8359px; width: 44.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Entities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 597.906px; top: 39.8359px; width: 44.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Entities</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.7324px; width: 172.564px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Statement of financial position</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0605px; width: 718.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other non-current financial assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 130.975px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">172</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">109</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">63.4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">161</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">93</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">57.8</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.373px; width: 718.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade and other receivables </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 152.379px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,624</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">995</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">21.5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,505</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">659</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">14.6</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.686px; width: 718.875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other current and non-current assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.971px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">314</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">503</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 171.998px; width: 718.652px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other current and non-current liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.992px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,370</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8534px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,924</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8534px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 198.311px; width: 718.758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Current and non-current financial liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.5918px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">13,680</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">201</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8534px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.7384px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">16,652</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">504</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8534px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3.0</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 224.639px; width: 718.998px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">rade payables and other payables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 117.978px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8,129</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">538</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6.6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">6,466</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">619</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">9.6</span></span></span><span style=\"display:inherit;clear:left;\">L<span class=\"_ _11\"></span>\u2019incidenza delle operazioni con parti correlate sul conto economico \u00e8 indicata nella seguente tabella riepilogativa: </span><span style=\"display:inherit;clear:left;position:relative;height:302.396484375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 369.328px; top: 0.0078125px; width: 256.729px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 202.19px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 19.9141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 368.031px; top: 26.3359px; width: 47.9062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Related </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 597.906px; top: 26.3516px; width: 47.9062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Related </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 307.078px; top: 33.0859px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 435.266px; top: 33.0859px; width: 130.078px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impact %</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 665.75px; top: 33.1016px; width: 53.2441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impact %</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 368.031px; top: 39.8359px; width: 44.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Entities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 597.906px; top: 39.8516px; width: 44.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Entities</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.748px; width: 127.236px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Profit and loss account</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0605px; width: 718.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Revenues </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 250.318px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3,496</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,721</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">49.2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,244</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,129</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">50.2</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.373px; width: 718.986px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other operating income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 191.742px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">19</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">10.5</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">44</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2.3</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 145.686px; width: 197.443px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Costs for purchase of raw mat</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">erials, </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 315.203px; top: 152.451px; width: 403.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">655</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">160</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">24.4</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,137</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">142</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">12.5</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 159.186px; width: 176.414px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">consumables and finished goods</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 185.514px; width: 718.799px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Costs for services</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 220.418px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">246</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">56</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">22.8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">287</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.4199px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">142</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">49.5</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.842px; width: 642.141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ersonnel costs</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 230.42px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">237</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9864px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(3)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 133.119px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">248</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(5)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 238.154px; width: 718.863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other operating costs and expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.467px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">159</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">219</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">3</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1.4</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 264.467px; width: 718.658px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 232.635px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">37</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">17</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0857px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">45.9</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">93</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8534px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">8.6</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.779px; width: 718.869px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Financial expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 214.647px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">177</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.7676px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8534px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">0.6</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">314</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.0469px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">18</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2404px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">5.7</span></span></span><span style=\"display:inherit;clear:left;\">43 <span class=\"_ _94\"> </span>For further information, please refer to Note 26.1.1 \u201cGuarantee provided on behalf of the associate T<span class=\"_ _1\"></span>AP<span class=\"_ _0\"></span>\u201d.</span><span style=\"display:inherit;clear:left;\">Related party transactions are generally settled on an arm's length basis, i.e. on terms that would be applied between two </span><span style=\"display:inherit;clear:left;\">independent parties. </span><span style=\"display:inherit;clear:left;\">The main financial flows with related parties are shown in the table below. </span><span style=\"display:inherit;clear:left;position:relative;height:485.880859375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 719.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 507.368px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.7832px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 26.8887px; width: 721.699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Operating revenues and income</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 413.123px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,723 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.2108px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2,130 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 53.2012px; width: 718.893px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Other operating costs and expenses</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 392.351px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(216)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.1739px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(283)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 79.5137px; width: 721.605px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in trade and other receivables </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 380.209px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(439)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4159px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">332 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 105.842px; width: 721.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in trade and other payables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 410.438px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">65 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.5665px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(209) </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 132.154px; width: 718.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Change in other current and non-current liabilities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.227px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.5373px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 158.467px; width: 719.174px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Interest received (paid)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 483.956px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9707px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(10)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 184.779px; width: 721.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cash fl</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ows from operating activities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 391.331px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,138 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.4784px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,961 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 211.107px; width: 70.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Investments:</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 237.42px; width: 719.033px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Property, plant and equipment and intangible assets</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 304.67px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(85)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.758px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(183)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 263.732px; width: 718.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Equity inv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">estments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 580.669px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(406)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 290.045px; width: 721.734px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Long-term financial receivables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 529.08px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">23 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 316.373px; width: 721.395px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Change in payables and receivables relating to in</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">vestments</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 276.416px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">31 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.8926px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">7 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 342.686px; width: 71.5605px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Divestments:</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 368.998px; width: 619.588px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Financial receivables (repayments)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 402.51px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">194 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 395.311px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cash flows from inv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">esting activities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 405.334px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">140 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.0625px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(559)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 421.623px; width: 721.43px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Increase (decrease) in short</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">-term financial payables</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 318.164px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">200 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.008px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">300 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 447.951px; width: 721.822px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cash fl</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ows from financing activities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 403.748px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">200 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.627px; font-size: 12px; font-family: ff79; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">300 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 474.264px; width: 721.746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">TO</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TAL CASH FL</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">OWS TO RELA</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">TED ENTITIES</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 347.397px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,478 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.4784px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,702 </span></span></span><span style=\"display:inherit;clear:left;\">The impact of cash flows with related parties is shown in the table below: </span><span style=\"display:inherit;clear:left;position:relative;height:130.990234375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 369.906px; top: 0.0078125px; width: 256.729px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">2022</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 202.19px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">2023</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 19.9141px; width: 82.3945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">(million euros</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">)</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 368.562px; top: 26.3359px; width: 47.9062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Related </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 598.781px; top: 26.3516px; width: 47.9062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Related </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 308.391px; top: 33.0859px; width: 29.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.9405px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 436.547px; top: 33.0859px; width: 130.078px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impact %</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9159px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">otal</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 666.734px; top: 33.1016px; width: 53.2441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Impact %</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 368.562px; top: 39.8359px; width: 44.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">entities</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 598.781px; top: 39.8516px; width: 44.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">entities</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 66.748px; width: 644.93px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cash flows from operating activities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.52px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">4,109 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7344px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,138 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.877px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">27.7 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3105px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(135)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.5116px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,961 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 93.0605px; width: 721.582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cash flows from inv</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">esting activities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 107.256px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(1,368)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">140 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 112.629px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2,231)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.1642px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(559)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">25.1 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 119.373px; width: 718.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Cash flows from financing activities</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.195px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">(2,321)</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0392px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">200 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 120.574px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">1,991 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">300 </span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3085px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">15.1</span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__98": {
   "value": "<span style=\"display:inherit;clear:left;\">38) <span class=\"_ _35\"> </span>PUBLIC DISBURSEMENTS - DISCLOSURE PURSUANT TO <span class=\"_ _1\"></span>ARTICLE 1, </span><span style=\"display:inherit;clear:left;\">P<span class=\"_ _11\"></span>ARAGRAPHS 125-129, LA<span class=\"_ _c\"></span>W NO. 124/2017</span><span style=\"display:inherit;clear:left;\">Pursuant to Article 1, paragraph 125 of Law No. 124/2017, as amended, information is given below on disbursements </span><span style=\"display:inherit;clear:left;\">received from Italian public entities and organisations, in favour of Snam S.p.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. and its fully consolidated subsidiaries. </span><span style=\"display:inherit;clear:left;\">Consolidated reporting takes into account disbursements received from Italian public entities/state bodies. In particular<span class=\"_ _1\"></span>, </span><span style=\"display:inherit;clear:left;\">disclosure is not required for the following: (i) the forms of incentive/subsidy received under a general aid scheme </span><span style=\"display:inherit;clear:left;\">to all beneficiaries; (ii) consideration for works/services, including sponsorships; (iii) reimbursements and allowances </span><span style=\"display:inherit;clear:left;\">paid to persons engaged in training and orientation traineeships; (iv) contributions received for continuing training by </span><span style=\"display:inherit;clear:left;\">inter-professional funds established in the legal form of an association; (v) membership dues for membership in trade </span><span style=\"display:inherit;clear:left;\">and territorial associations, as well as to foundations or equivalent organisations, functional to activities related to the </span><span style=\"display:inherit;clear:left;\">company's business. Disbursements are identified on a cash basis. </span><span style=\"display:inherit;clear:left;\">The disclosure obligations regarding the transparency of public disbursements granted, provided for by Law 124 of 2017 </span><span style=\"display:inherit;clear:left;\">in Article 1, paragraph 126, are not applicable for the Snam Group.</span><span style=\"display:inherit;clear:left;\">The disclosure presented below includes public disbursements in excess of \u20ac10,000 received during 2023. Pursuant to the </span><span style=\"display:inherit;clear:left;\">provisions of Article 3-quater of Decree-Law 135/2018, converted with amendments by Law 12 of 11 February 2019, for </span><span style=\"display:inherit;clear:left;\">the disbursements received, please refer to the indications contained in the National Register of State Aid referred to in </span><span style=\"display:inherit;clear:left;\">Article 52 of Law 234 of 24 December 2012. </span><span style=\"display:inherit;clear:left;position:relative;height:253.162109375px;\"><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 600.422px; top: 0.0078125px; width: 121.189px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Amount of economic </span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 0px; top: 6.75781px; width: 412.482px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Beneficiar</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">y</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8534px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">DIsbursing entity</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.2363px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Object of the contribution</span></span><span class=\"pp-font-color-override-1\" style=\"position: absolute; display: inline-block; left: 590.031px; top: 13.5078px; width: 129.826px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">advant</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">age rec</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff73; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">eived (\u20ac)</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 40.4043px; width: 243.158px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">I-Gap Project:  Development of technologies </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 53.9043px; width: 304.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">for the design and production of natural gas absorption </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 60.6543px; width: 221.438px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Snam S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.5196px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\"> </span></span><span style=\"display: inline-block;\">Lombardy Region</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 680.891px; top: 60.6699px; width: 40.0957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">72,932 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 67.4043px; width: 270.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">heat pumps for residential use with an innovative </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 80.9043px; width: 115.441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">thermodynamic cycle</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 125.906px; top: 107.232px; width: 61.4414px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Ministry of </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 113.982px; width: 306.246px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Construction of an LNG and Bio-GNL refuelling point for </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 125.906px; top: 120.732px; width: 101.736px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Infrastructure and </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 127.482px; width: 86.1387px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">GNL Italia S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 127.482px; width: 265.406px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">road tankers at the existing P</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">anigaglia regasifier </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 664.031px; top: 127.482px; width: 56.9414px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">1,102,438 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 125.906px; top: 134.232px; width: 96.0645px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransport - NRRP </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 140.982px; width: 222.721px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">in Port</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ovenere (La Spezia</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">) - Pre-financing</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 125.906px; top: 147.732px; width: 113.068px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Supplementary Fund</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 174.045px; width: 264.639px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Construction of a liquefaction plant in Pignataro </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 125.906px; top: 187.545px; width: 61.4414px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Ministry of </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 187.545px; width: 252.908px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Maggiore (C</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">esena) for the supply, st</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">orage and </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 125.906px; top: 201.045px; width: 101.736px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Infrastructure and </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 201.045px; width: 267.592px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">utilisation of Bio-GNL and LNG, suitable to foster </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 0px; top: 207.795px; width: 89.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Greenture S.p.A</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.404295px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">.</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 664.031px; top: 207.795px; width: 56.9414px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff74; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">3,374,398 </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 125.906px; top: 214.545px; width: 96.0645px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">T</span><span style=\"word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.4986px; width: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"></span><span style=\"display: inline-block;\">ransport - NRRP </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 214.545px; width: 275.49px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">the decarbonisation of transport (with a particular </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 125.906px; top: 228.045px; width: 113.068px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">Supplementary Fund</span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 228.045px; width: 297.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">focus on the maritime sector) in Central Southern Italy </span></span><span class=\"pp-font-color-override-2\" style=\"position: absolute; display: inline-block; left: 262.25px; top: 241.545px; width: 78.7324px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 12px; font-family: ff77; -webkit-text-stroke: 0.18px rgba(0, 0, 0, 0);\"><span style=\"display: inline-block;\">- Pre-financing</span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__99": {
   "value": "<span style=\"display:inherit;clear:left;\">39) <span class=\"_ _10c\"> </span>SIGNIFICANT EVENTS OCCURRING <span class=\"_ _c\"></span>AFTER THE END OF THE FINANCIAL <span class=\"_ _1\"></span>YEAR</span><span style=\"display:inherit;clear:left;\">There were no significant events after the end of the financial year<span class=\"_ _1\"></span>.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "s7_notes__6__100": {
   "value": "<span style=\"display:inherit;clear:left;\">40) <span class=\"_ _35\"> </span>PUBLICA<span class=\"_ _1\"></span>TION OF THE FINANCIAL<span class=\"_ _c\"></span> ST<span class=\"_ _1\"></span>A<span class=\"_ _11\"></span>TEMENTS</span><span style=\"display:inherit;clear:left;\">The financial statements were authorised for publication, to be carried out in accordance with law, by the Board of </span><span style=\"display:inherit;clear:left;\">Directors of Snam in its meeting of 13 March 2024. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:8156002278562044AF79",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  }
 }
}