{ "documentInfo": { "documentType": "https://xbrl.org/2021/xbrl-json", "features": { "xbrl:canonicalValues": true }, "namespaces": { "ifrs-full": "https://xbrl.ifrs.org/taxonomy/2022-03-24/ifrs-full", "iso4217": "http://www.xbrl.org/2003/iso4217", "scheme": "http://standards.iso.org/iso/17442", "snam": "http://www.snam.it/20241231", "xbrl": "https://xbrl.org/2021", "xbrli": "http://www.xbrl.org/2003/instance" }, "taxonomy": [ "http://www.snam.it/20241231/snam-2024-12-31.xsd" ] }, "facts": { "f-1": { "value": "1145000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-2": { "value": "1257000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-3": { "value": "10000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxCashFlowHedges", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-4": { "value": "-20000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxCashFlowHedges", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-5": { "value": "-49000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-6": { "value": "-7000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-7": { "value": "3000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-8": { "value": "-5000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-9": { "value": "-42000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-10": { "value": "-22000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-11": { "value": "-2000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-12": { "value": null, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-13": { "value": "-1000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-14": { "value": "-1000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-15": { "value": "-3000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-16": { "value": "31000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-17": { "value": "-6000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-18": { "value": "30000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-19": { "value": "-48000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-20": { "value": "8000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-21": { "value": "1097000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-22": { "value": "1265000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-23": { "value": "1087000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-24": { "value": "1267000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-25": { "value": "10000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-26": { "value": "-2000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-27": { "value": "18941000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:PropertyPlantAndEquipment", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-28": { "value": null, "dimensions": { "concept": "ifrs-full:PropertyPlantAndEquipment", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-29": { "value": "20746000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:PropertyPlantAndEquipment", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-30": { "value": null, "dimensions": { "concept": "ifrs-full:PropertyPlantAndEquipment", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-31": { "value": "1449000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IntangibleAssetsAndGoodwill", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-32": { "value": null, "dimensions": { "concept": "ifrs-full:IntangibleAssetsAndGoodwill", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-33": { "value": "1560000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IntangibleAssetsAndGoodwill", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-34": { "value": null, "dimensions": { "concept": "ifrs-full:IntangibleAssetsAndGoodwill", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-35": { "value": "3019000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:InvestmentAccountedForUsingEquityMethod", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-36": { "value": null, "dimensions": { "concept": "ifrs-full:InvestmentAccountedForUsingEquityMethod", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-37": { "value": "3259000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:InvestmentAccountedForUsingEquityMethod", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-38": { "value": null, "dimensions": { "concept": "ifrs-full:InvestmentAccountedForUsingEquityMethod", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-39": { "value": "161000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherNoncurrentFinancialAssets", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-40": { "value": "93000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherNoncurrentFinancialAssets", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-41": { "value": "147000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherNoncurrentFinancialAssets", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-42": { "value": "97000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherNoncurrentFinancialAssets", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-43": { "value": "363000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:NoncurrentInventories", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-44": { "value": null, "dimensions": { "concept": "ifrs-full:NoncurrentInventories", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-45": { "value": "363000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:NoncurrentInventories", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-46": { "value": null, "dimensions": { "concept": "ifrs-full:NoncurrentInventories", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-47": { "value": "375000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:DeferredTaxAssets", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-48": { "value": null, "dimensions": { "concept": "ifrs-full:DeferredTaxAssets", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-49": { "value": "451000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:DeferredTaxAssets", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-50": { "value": null, "dimensions": { "concept": "ifrs-full:DeferredTaxAssets", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-51": { "value": "281000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherNoncurrentAssets", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-52": { "value": "1000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherNoncurrentAssets", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-53": { "value": "782000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherNoncurrentAssets", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-54": { "value": "1000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherNoncurrentAssets", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-55": { "value": "24589000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:NoncurrentAssets", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-56": { "value": null, "dimensions": { "concept": "ifrs-full:NoncurrentAssets", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-57": { "value": "27308000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:NoncurrentAssets", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-58": { "value": null, "dimensions": { "concept": "ifrs-full:NoncurrentAssets", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-59": { "value": "1382000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-60": { "value": null, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-61": { "value": "1806000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-62": { "value": null, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-63": { "value": "2810000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Inventories", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-64": { "value": null, "dimensions": { "concept": "ifrs-full:Inventories", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-65": { "value": "2190000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Inventories", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-66": { "value": null, "dimensions": { "concept": "ifrs-full:Inventories", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-67": { "value": "4505000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentReceivables", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-68": { "value": "659000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentReceivables", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-69": { "value": "3483000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentReceivables", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-70": { "value": "663000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentReceivables", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-71": { "value": "15000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CurrentTaxAssetsCurrent", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-72": { "value": null, "dimensions": { "concept": "ifrs-full:CurrentTaxAssetsCurrent", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-73": { "value": "37000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CurrentTaxAssetsCurrent", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-74": { "value": null, "dimensions": { "concept": "ifrs-full:CurrentTaxAssetsCurrent", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-75": { "value": "2000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherCurrentFinancialAssets", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-76": { "value": null, "dimensions": { "concept": "ifrs-full:OtherCurrentFinancialAssets", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-77": { "value": "353000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherCurrentFinancialAssets", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-78": { "value": null, "dimensions": { "concept": "ifrs-full:OtherCurrentFinancialAssets", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-79": { "value": "222000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherCurrentAssets", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-80": { "value": null, "dimensions": { "concept": "ifrs-full:OtherCurrentAssets", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-81": { "value": "612000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherCurrentAssets", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-82": { "value": null, "dimensions": { "concept": "ifrs-full:OtherCurrentAssets", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-83": { "value": "8936000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CurrentAssets", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-84": { "value": null, "dimensions": { "concept": "ifrs-full:CurrentAssets", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-85": { "value": "8481000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CurrentAssets", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-86": { "value": null, "dimensions": { "concept": "ifrs-full:CurrentAssets", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-87": { "value": "33525000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Assets", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-88": { "value": null, "dimensions": { "concept": "ifrs-full:Assets", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-89": { "value": "35789000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Assets", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-90": { "value": null, "dimensions": { "concept": "ifrs-full:Assets", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-91": { "value": "11740000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:NoncurrentFinancialLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-92": { "value": "500000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:NoncurrentFinancialLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-93": { "value": "14807000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:NoncurrentFinancialLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-94": { "value": "700000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:NoncurrentFinancialLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-95": { "value": "663000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherLongtermProvisions", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-96": { "value": null, "dimensions": { "concept": "ifrs-full:OtherLongtermProvisions", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-97": { "value": "873000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherLongtermProvisions", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-98": { "value": null, "dimensions": { "concept": "ifrs-full:OtherLongtermProvisions", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-99": { "value": "59000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:DeferredTaxLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-100": { "value": null, "dimensions": { "concept": "ifrs-full:DeferredTaxLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-101": { "value": "68000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:DeferredTaxLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-102": { "value": null, "dimensions": { "concept": "ifrs-full:DeferredTaxLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-103": { "value": "28000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:NoncurrentProvisionsForEmployeeBenefits", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-104": { "value": null, "dimensions": { "concept": "ifrs-full:NoncurrentProvisionsForEmployeeBenefits", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-105": { "value": "44000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:NoncurrentProvisionsForEmployeeBenefits", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-106": { "value": null, "dimensions": { "concept": "ifrs-full:NoncurrentProvisionsForEmployeeBenefits", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-107": { "value": "1211000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherNoncurrentLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-108": { "value": null, "dimensions": { "concept": "ifrs-full:OtherNoncurrentLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-109": { "value": "838000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherNoncurrentLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-110": { "value": null, "dimensions": { "concept": "ifrs-full:OtherNoncurrentLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-111": { "value": "13701000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:NoncurrentLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-112": { "value": null, "dimensions": { "concept": "ifrs-full:NoncurrentLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-113": { "value": "16630000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:NoncurrentLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-114": { "value": null, "dimensions": { "concept": "ifrs-full:NoncurrentLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-115": { "value": "4912000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CurrentFinancialLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-116": { "value": "4000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CurrentFinancialLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-117": { "value": "3554000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CurrentFinancialLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-118": { "value": "5000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CurrentFinancialLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-119": { "value": "6466000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentPayables", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-120": { "value": "619000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentPayables", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-121": { "value": "5992000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentPayables", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-122": { "value": "693000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentPayables", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-123": { "value": "53000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CurrentTaxLiabilitiesCurrent", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-124": { "value": null, "dimensions": { "concept": "ifrs-full:CurrentTaxLiabilitiesCurrent", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-125": { "value": "68000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CurrentTaxLiabilitiesCurrent", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-126": { "value": null, "dimensions": { "concept": "ifrs-full:CurrentTaxLiabilitiesCurrent", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-127": { "value": "713000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherCurrentLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-128": { "value": "1000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherCurrentLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-129": { "value": "572000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherCurrentLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-130": { "value": "1000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherCurrentLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-131": { "value": "12144000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CurrentLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-132": { "value": null, "dimensions": { "concept": "ifrs-full:CurrentLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-133": { "value": "10186000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CurrentLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-134": { "value": null, "dimensions": { "concept": "ifrs-full:CurrentLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-135": { "value": "25845000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Liabilities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-136": { "value": null, "dimensions": { "concept": "ifrs-full:Liabilities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-137": { "value": "26816000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Liabilities", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-138": { "value": null, "dimensions": { "concept": "ifrs-full:Liabilities", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-139": { "value": "2736000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IssuedCapital", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-140": { "value": null, "dimensions": { "concept": "ifrs-full:IssuedCapital", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-141": { "value": "2736000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IssuedCapital", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-142": { "value": null, "dimensions": { "concept": "ifrs-full:IssuedCapital", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-143": { "value": "30000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:TreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-144": { "value": null, "dimensions": { "concept": "ifrs-full:TreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-145": { "value": "27000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:TreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-146": { "value": null, "dimensions": { "concept": "ifrs-full:TreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-147": { "value": "611000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:SharePremium", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-148": { "value": null, "dimensions": { "concept": "ifrs-full:SharePremium", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-149": { "value": "611000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:SharePremium", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-150": { "value": null, "dimensions": { "concept": "ifrs-full:SharePremium", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-151": { "value": "-10000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherReserves", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-152": { "value": null, "dimensions": { "concept": "ifrs-full:OtherReserves", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-153": { "value": "953000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherReserves", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-154": { "value": null, "dimensions": { "concept": "ifrs-full:OtherReserves", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-155": { "value": "4328000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:RetainedEarnings", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-156": { "value": null, "dimensions": { "concept": "ifrs-full:RetainedEarnings", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-157": { "value": "4656000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:RetainedEarnings", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-158": { "value": null, "dimensions": { "concept": "ifrs-full:RetainedEarnings", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-159": { "value": "7635000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:EquityAttributableToOwnersOfParent", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-160": { "value": null, "dimensions": { "concept": "ifrs-full:EquityAttributableToOwnersOfParent", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-161": { "value": "8929000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:EquityAttributableToOwnersOfParent", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-162": { "value": null, "dimensions": { "concept": "ifrs-full:EquityAttributableToOwnersOfParent", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-163": { "value": "45000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:NoncontrollingInterests", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-164": { "value": null, "dimensions": { "concept": "ifrs-full:NoncontrollingInterests", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-165": { "value": "44000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:NoncontrollingInterests", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-166": { "value": null, "dimensions": { "concept": "ifrs-full:NoncontrollingInterests", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-167": { "value": "7680000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-168": { "value": null, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-169": { "value": "8973000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-170": { "value": null, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-171": { "value": "33525000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:EquityAndLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-172": { "value": null, "dimensions": { "concept": "ifrs-full:EquityAndLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-173": { "value": "35789000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:EquityAndLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-174": { "value": null, "dimensions": { "concept": "ifrs-full:EquityAndLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-175": { "value": "4244000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-176": { "value": "2129000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-177": { "value": "3548000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-178": { "value": "1955000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-179": { "value": "44000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-180": { "value": "1000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-181": { "value": "20000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-182": { "value": "2000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-183": { "value": "4288000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:RevenueAndOperatingIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-184": { "value": null, "dimensions": { "concept": "ifrs-full:RevenueAndOperatingIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-185": { "value": "3568000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:RevenueAndOperatingIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-186": { "value": null, "dimensions": { "concept": "ifrs-full:RevenueAndOperatingIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-187": { "value": "1137000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:RawMaterialsAndConsumablesUsed", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-188": { "value": "142000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:RawMaterialsAndConsumablesUsed", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-189": { "value": "248000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:RawMaterialsAndConsumablesUsed", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-190": { "value": "16000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:RawMaterialsAndConsumablesUsed", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-191": { "value": "287000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ServicesExpense", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-192": { "value": "142000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ServicesExpense", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-193": { "value": "184000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ServicesExpense", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-194": { "value": "30000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ServicesExpense", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-195": { "value": "248000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:EmployeeBenefitsExpense", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-196": { "value": "-5000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:EmployeeBenefitsExpense", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-197": { "value": "283000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:EmployeeBenefitsExpense", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-198": { "value": "-4000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:EmployeeBenefitsExpense", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-199": { "value": "219000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherExpenseByNature", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-200": { "value": "3000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherExpenseByNature", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-201": { "value": "148000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherExpenseByNature", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-202": { "value": "3000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherExpenseByNature", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-203": { "value": "1891000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OperatingExpense", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-204": { "value": null, "dimensions": { "concept": "ifrs-full:OperatingExpense", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-205": { "value": "863000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OperatingExpense", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-206": { "value": null, "dimensions": { "concept": "ifrs-full:OperatingExpense", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-207": { "value": "1126000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-208": { "value": null, "dimensions": { "concept": "ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-209": { "value": "1029000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-210": { "value": null, "dimensions": { "concept": "ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-211": { "value": "1271000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-212": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-213": { "value": "1676000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-214": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-215": { "value": "93000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:FinanceIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-216": { "value": "8000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:FinanceIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-217": { "value": "195000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:FinanceIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-218": { "value": "5000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:FinanceIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-219": { "value": "314000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:FinanceCosts", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-220": { "value": "18000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:FinanceCosts", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-221": { "value": "526000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:FinanceCosts", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-222": { "value": "31000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:FinanceCosts", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-223": { "value": "-221000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:FinanceIncomeCost", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-224": { "value": null, "dimensions": { "concept": "ifrs-full:FinanceIncomeCost", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-225": { "value": "-331000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:FinanceIncomeCost", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-226": { "value": null, "dimensions": { "concept": "ifrs-full:FinanceIncomeCost", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-227": { "value": "410000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-228": { "value": null, "dimensions": { "concept": "ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-229": { "value": "343000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-230": { "value": null, "dimensions": { "concept": "ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-231": { "value": "74000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherIncomeExpenseFromSubsidiariesJointlyControlledEntitiesAndAssociates", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-232": { "value": null, "dimensions": { "concept": "ifrs-full:OtherIncomeExpenseFromSubsidiariesJointlyControlledEntitiesAndAssociates", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-233": { "value": "-9000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherIncomeExpenseFromSubsidiariesJointlyControlledEntitiesAndAssociates", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-234": { "value": null, "dimensions": { "concept": "ifrs-full:OtherIncomeExpenseFromSubsidiariesJointlyControlledEntitiesAndAssociates", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-235": { "value": "484000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:InvestmentIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-236": { "value": null, "dimensions": { "concept": "ifrs-full:InvestmentIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-237": { "value": "334000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:InvestmentIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-238": { "value": null, "dimensions": { "concept": "ifrs-full:InvestmentIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-239": { "value": "1534000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-240": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-241": { "value": "1679000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-242": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-243": { "value": "389000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-244": { "value": null, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-245": { "value": "422000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-246": { "value": null, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-247": { "value": "1145000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-248": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-249": { "value": "1257000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-250": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-251": { "value": "1135000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-252": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-253": { "value": "1259000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-254": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-255": { "value": "10000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-256": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-257": { "value": "-2000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-258": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-259": { "value": "0.338", "decimals": 3, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR/xbrli:shares" } }, "f-260": { "value": null, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR/xbrli:shares" } }, "f-261": { "value": "0.373", "decimals": 3, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR/xbrli:shares" } }, "f-262": { "value": null, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR/xbrli:shares" } }, "f-263": { "value": "0.338", "decimals": 3, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR/xbrli:shares" } }, "f-264": { "value": null, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR/xbrli:shares" } }, "f-265": { "value": "0.373", "decimals": 3, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR/xbrli:shares" } }, "f-266": { "value": null, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR/xbrli:shares" } }, "f-267": { "value": "1145000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-268": { "value": "1257000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-269": { "value": "10000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxCashFlowHedges", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-270": { "value": "-20000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxCashFlowHedges", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-271": { "value": "-49000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-272": { "value": "-7000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-273": { "value": "3000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-274": { "value": "-5000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-275": { "value": "-42000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-276": { "value": "-22000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-277": { "value": "-2000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-278": { "value": null, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-279": { "value": "-1000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-280": { "value": "-1000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-281": { "value": "-3000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-282": { "value": "31000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-283": { "value": "-6000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-284": { "value": "30000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-285": { "value": "-48000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-286": { "value": "8000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-287": { "value": "1097000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-288": { "value": "1265000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-289": { "value": "1087000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-290": { "value": "1267000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-291": { "value": "10000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-292": { "value": "-2000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-293": { "value": "2736000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-294": { "value": "-33000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-295": { "value": "611000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-296": { "value": "547000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-297": { "value": "-39000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-298": { "value": "-4000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-299": { "value": "-12000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-300": { "value": "-674000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-301": { "value": "212000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-302": { "value": "3822000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-303": { "value": "-369000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-304": { "value": "671000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-305": { "value": "7468000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-306": { "value": "56000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-307": { "value": "7524000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-308": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-309": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-310": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-311": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-312": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-313": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-314": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-315": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-316": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-317": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-318": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-319": { "value": "1135000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-320": { "value": "1135000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-321": { "value": "10000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-322": { "value": "1145000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-323": { "value": null, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-324": { "value": null, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-325": { "value": null, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-326": { "value": null, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-327": { "value": "7000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-328": { "value": "-2000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-329": { "value": "-3000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-330": { "value": null, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-331": { "value": "-50000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-332": { "value": null, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-333": { "value": null, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-334": { "value": null, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-335": { "value": "-48000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-336": { "value": null, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-337": { "value": "-48000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-338": { "value": null, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-339": { "value": null, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-340": { "value": null, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-341": { "value": null, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-342": { "value": "7000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-343": { "value": "-2000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-344": { "value": "-3000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-345": { "value": null, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-346": { "value": "-50000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-347": { "value": null, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-348": { "value": null, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-349": { "value": "1135000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-350": { "value": "1087000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-351": { "value": "10000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-352": { "value": "1097000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-353": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-354": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-355": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-356": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-357": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-358": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-359": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-360": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-361": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-362": { "value": "251000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-363": { "value": "-369000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-364": { "value": "671000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-365": { "value": "553000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-366": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-367": { "value": "553000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-368": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-369": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-370": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-371": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-372": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-373": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-374": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-375": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-376": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-377": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-378": { "value": "378000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-379": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-380": { "value": "378000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-381": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-382": { "value": "378000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-383": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-384": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-385": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-386": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-387": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-388": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-389": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-390": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-391": { "value": "5000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-392": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-393": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-394": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-395": { "value": "5000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-396": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-397": { "value": "5000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-398": { "value": null, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-399": { "value": "6000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-400": { "value": null, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-401": { "value": null, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-402": { "value": null, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-403": { "value": null, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-404": { "value": null, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-405": { "value": null, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-406": { "value": "-6000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-407": { "value": null, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-408": { "value": null, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-409": { "value": null, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-410": { "value": null, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-411": { "value": null, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-412": { "value": null, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-413": { "value": null, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-414": { "value": "3000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-415": { "value": null, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-416": { "value": null, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-417": { "value": null, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-418": { "value": null, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-419": { "value": null, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-420": { "value": null, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-421": { "value": null, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-422": { "value": null, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-423": { "value": null, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-424": { "value": null, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-425": { "value": "3000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-426": { "value": null, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-427": { "value": "3000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-428": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-429": { "value": "3000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-430": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-431": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-432": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-433": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-434": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-435": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-436": { "value": "-1000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-437": { "value": "-251000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-438": { "value": "-9000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-439": { "value": "-671000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-440": { "value": "-929000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-441": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-442": { "value": "-929000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-443": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-444": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-445": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-446": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-447": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-448": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-449": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-450": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-451": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-452": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-453": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-454": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-455": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-456": { "value": "-15000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-457": { "value": "-15000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-458": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-459": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-460": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-461": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-462": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-463": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-464": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-465": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-466": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-467": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-468": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-469": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-470": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-471": { "value": "-6000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-472": { "value": "-6000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-473": { "value": null, "dimensions": { "concept": "snam:AltreVariazioniPatrimonioNetto", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-474": { "value": null, "dimensions": { "concept": "snam:AltreVariazioniPatrimonioNetto", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-475": { "value": null, "dimensions": { "concept": "snam:AltreVariazioniPatrimonioNetto", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-476": { "value": null, "dimensions": { "concept": "snam:AltreVariazioniPatrimonioNetto", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-477": { "value": null, "dimensions": { "concept": "snam:AltreVariazioniPatrimonioNetto", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-478": { "value": null, "dimensions": { "concept": "snam:AltreVariazioniPatrimonioNetto", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-479": { "value": null, "dimensions": { "concept": "snam:AltreVariazioniPatrimonioNetto", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-480": { "value": null, "dimensions": { "concept": "snam:AltreVariazioniPatrimonioNetto", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-481": { "value": "9000000.0", "decimals": 0, "dimensions": { "concept": "snam:AltreVariazioniPatrimonioNetto", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-482": { "value": null, "dimensions": { "concept": "snam:AltreVariazioniPatrimonioNetto", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-483": { "value": null, "dimensions": { "concept": "snam:AltreVariazioniPatrimonioNetto", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-484": { "value": null, "dimensions": { "concept": "snam:AltreVariazioniPatrimonioNetto", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-485": { "value": "9000000.0", "decimals": 0, "dimensions": { "concept": "snam:AltreVariazioniPatrimonioNetto", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-486": { "value": null, "dimensions": { "concept": "snam:AltreVariazioniPatrimonioNetto", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-487": { "value": "9000000.0", "decimals": 0, "dimensions": { "concept": "snam:AltreVariazioniPatrimonioNetto", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-488": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-489": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-490": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-491": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-492": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-493": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-494": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-495": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-496": { "value": "9000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-497": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-498": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-499": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-500": { "value": "9000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-501": { "value": "-21000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-502": { "value": "-12000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-503": { "value": "2736000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-504": { "value": "-30000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-505": { "value": "611000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-506": { "value": "547000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-507": { "value": "-32000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-508": { "value": "-6000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-509": { "value": "-15000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-510": { "value": "-674000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-511": { "value": "170000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-512": { "value": "3571000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-513": { "value": "-378000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-514": { "value": "1135000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-515": { "value": "7635000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-516": { "value": "45000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-517": { "value": "7680000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-518": { "value": "2736000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-519": { "value": "-30000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-520": { "value": "611000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-521": { "value": "547000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-522": { "value": null, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:RiservaPerObbligazioniSubordinatePerpetueMember", "unit": "iso4217:EUR" } }, "f-523": { "value": "-32000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-524": { "value": "-6000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-525": { "value": "-15000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-526": { "value": "-674000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-527": { "value": "170000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-528": { "value": "3571000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-529": { "value": "-378000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-530": { "value": "1135000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-531": { "value": "7635000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-532": { "value": "45000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-533": { "value": "7680000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-534": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-535": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-536": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-537": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-538": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:RiservaPerObbligazioniSubordinatePerpetueMember", "unit": "iso4217:EUR" } }, "f-539": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-540": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-541": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-542": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-543": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-544": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-545": { "value": null, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-546": { "value": "1259000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-547": { "value": "1259000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-548": { "value": "-2000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-549": { "value": "1257000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-550": { "value": null, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-551": { "value": null, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-552": { "value": null, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-553": { "value": null, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-554": { "value": null, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:RiservaPerObbligazioniSubordinatePerpetueMember", "unit": "iso4217:EUR" } }, "f-555": { "value": "-15000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-556": { "value": null, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-557": { "value": "31000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-558": { "value": null, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-559": { "value": "-8000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-560": { "value": null, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-561": { "value": null, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-562": { "value": null, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-563": { "value": "8000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-564": { "value": null, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-565": { "value": "8000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-566": { "value": null, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-567": { "value": null, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-568": { "value": null, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-569": { "value": null, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-570": { "value": null, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:RiservaPerObbligazioniSubordinatePerpetueMember", "unit": "iso4217:EUR" } }, "f-571": { "value": "-15000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-572": { "value": null, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-573": { "value": "31000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-574": { "value": null, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-575": { "value": "-8000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-576": { "value": null, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-577": { "value": null, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-578": { "value": "1259000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-579": { "value": "1267000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-580": { "value": "-2000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-581": { "value": "1265000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-582": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-583": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-584": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-585": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-586": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:RiservaPerObbligazioniSubordinatePerpetueMember", "unit": "iso4217:EUR" } }, "f-587": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-588": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-589": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-590": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-591": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-592": { "value": "-190000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-593": { "value": "-378000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-594": { "value": "1135000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-595": { "value": "567000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-596": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-597": { "value": "567000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-598": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-599": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-600": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-601": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-602": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:RiservaPerObbligazioniSubordinatePerpetueMember", "unit": "iso4217:EUR" } }, "f-603": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-604": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-605": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-606": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-607": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-608": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-609": { "value": "390000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-610": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-611": { "value": "390000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-612": { "value": null, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-613": { "value": "390000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-614": { "value": null, "dimensions": { "concept": "snam:IncreaseDecreaseThroughNetIssueReimbursementOfPerpetualSubordinatedBondsEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-615": { "value": null, "dimensions": { "concept": "snam:IncreaseDecreaseThroughNetIssueReimbursementOfPerpetualSubordinatedBondsEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-616": { "value": null, "dimensions": { "concept": "snam:IncreaseDecreaseThroughNetIssueReimbursementOfPerpetualSubordinatedBondsEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-617": { "value": null, "dimensions": { "concept": "snam:IncreaseDecreaseThroughNetIssueReimbursementOfPerpetualSubordinatedBondsEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-618": { "value": "1000000000.0", "decimals": 0, "dimensions": { "concept": "snam:IncreaseDecreaseThroughNetIssueReimbursementOfPerpetualSubordinatedBondsEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:RiservaPerObbligazioniSubordinatePerpetueMember", "unit": "iso4217:EUR" } }, "f-619": { "value": null, "dimensions": { "concept": "snam:IncreaseDecreaseThroughNetIssueReimbursementOfPerpetualSubordinatedBondsEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-620": { "value": null, "dimensions": { "concept": "snam:IncreaseDecreaseThroughNetIssueReimbursementOfPerpetualSubordinatedBondsEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-621": { "value": null, "dimensions": { "concept": "snam:IncreaseDecreaseThroughNetIssueReimbursementOfPerpetualSubordinatedBondsEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-622": { "value": null, "dimensions": { "concept": "snam:IncreaseDecreaseThroughNetIssueReimbursementOfPerpetualSubordinatedBondsEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-623": { "value": null, "dimensions": { "concept": "snam:IncreaseDecreaseThroughNetIssueReimbursementOfPerpetualSubordinatedBondsEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-624": { "value": null, "dimensions": { "concept": "snam:IncreaseDecreaseThroughNetIssueReimbursementOfPerpetualSubordinatedBondsEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-625": { "value": null, "dimensions": { "concept": "snam:IncreaseDecreaseThroughNetIssueReimbursementOfPerpetualSubordinatedBondsEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-626": { "value": null, "dimensions": { "concept": "snam:IncreaseDecreaseThroughNetIssueReimbursementOfPerpetualSubordinatedBondsEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-627": { "value": "1000000000.0", "decimals": 0, "dimensions": { "concept": "snam:IncreaseDecreaseThroughNetIssueReimbursementOfPerpetualSubordinatedBondsEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-628": { "value": null, "dimensions": { "concept": "snam:IncreaseDecreaseThroughNetIssueReimbursementOfPerpetualSubordinatedBondsEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-629": { "value": "1000000000.0", "decimals": 0, "dimensions": { "concept": "snam:IncreaseDecreaseThroughNetIssueReimbursementOfPerpetualSubordinatedBondsEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-630": { "value": null, "dimensions": { "concept": "snam:CouponsPaidToHoldersOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-631": { "value": null, "dimensions": { "concept": "snam:CouponsPaidToHoldersOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-632": { "value": null, "dimensions": { "concept": "snam:CouponsPaidToHoldersOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-633": { "value": null, "dimensions": { "concept": "snam:CouponsPaidToHoldersOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-634": { "value": null, "dimensions": { "concept": "snam:CouponsPaidToHoldersOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:RiservaPerObbligazioniSubordinatePerpetueMember", "unit": "iso4217:EUR" } }, "f-635": { "value": null, "dimensions": { "concept": "snam:CouponsPaidToHoldersOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-636": { "value": null, "dimensions": { "concept": "snam:CouponsPaidToHoldersOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-637": { "value": null, "dimensions": { "concept": "snam:CouponsPaidToHoldersOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-638": { "value": null, "dimensions": { "concept": "snam:CouponsPaidToHoldersOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-639": { "value": null, "dimensions": { "concept": "snam:CouponsPaidToHoldersOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-640": { "value": "-8000000.0", "decimals": 0, "dimensions": { "concept": "snam:CouponsPaidToHoldersOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-641": { "value": null, "dimensions": { "concept": "snam:CouponsPaidToHoldersOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-642": { "value": null, "dimensions": { "concept": "snam:CouponsPaidToHoldersOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-643": { "value": "-8000000.0", "decimals": 0, "dimensions": { "concept": "snam:CouponsPaidToHoldersOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-644": { "value": null, "dimensions": { "concept": "snam:CouponsPaidToHoldersOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-645": { "value": "-8000000.0", "decimals": 0, "dimensions": { "concept": "snam:CouponsPaidToHoldersOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-646": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-647": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-648": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-649": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-650": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:RiservaPerObbligazioniSubordinatePerpetueMember", "unit": "iso4217:EUR" } }, "f-651": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-652": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-653": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-654": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-655": { "value": "7000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-656": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-657": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-658": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-659": { "value": "7000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-660": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-661": { "value": "7000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-662": { "value": null, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-663": { "value": "5000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-664": { "value": null, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-665": { "value": null, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-666": { "value": null, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:RiservaPerObbligazioniSubordinatePerpetueMember", "unit": "iso4217:EUR" } }, "f-667": { "value": null, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-668": { "value": null, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-669": { "value": null, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-670": { "value": null, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-671": { "value": "-5000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-672": { "value": null, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-673": { "value": null, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-674": { "value": null, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-675": { "value": null, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-676": { "value": null, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-677": { "value": null, "dimensions": { "concept": "ifrs-full:SaleOrIssueOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-678": { "value": null, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-679": { "value": "2000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-680": { "value": null, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-681": { "value": null, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-682": { "value": null, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:RiservaPerObbligazioniSubordinatePerpetueMember", "unit": "iso4217:EUR" } }, "f-683": { "value": null, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-684": { "value": null, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-685": { "value": null, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-686": { "value": null, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-687": { "value": null, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-688": { "value": null, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-689": { "value": null, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-690": { "value": null, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-691": { "value": "2000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-692": { "value": null, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-693": { "value": "2000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-694": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-695": { "value": "3000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-696": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-697": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-698": { "value": "1000000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:RiservaPerObbligazioniSubordinatePerpetueMember", "unit": "iso4217:EUR" } }, "f-699": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-700": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-701": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-702": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-703": { "value": "2000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-704": { "value": "182000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-705": { "value": "-12000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-706": { "value": "-1135000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-707": { "value": "40000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-708": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-709": { "value": "40000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-710": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-711": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-712": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-713": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-714": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:RiservaPerObbligazioniSubordinatePerpetueMember", "unit": "iso4217:EUR" } }, "f-715": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-716": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-717": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-718": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-719": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-720": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-721": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-722": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-723": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-724": { "value": "1000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-725": { "value": "1000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-726": { "value": null, "dimensions": { "concept": "snam:CostsForIssueOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-727": { "value": null, "dimensions": { "concept": "snam:CostsForIssueOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-728": { "value": null, "dimensions": { "concept": "snam:CostsForIssueOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-729": { "value": null, "dimensions": { "concept": "snam:CostsForIssueOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-730": { "value": null, "dimensions": { "concept": "snam:CostsForIssueOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:RiservaPerObbligazioniSubordinatePerpetueMember", "unit": "iso4217:EUR" } }, "f-731": { "value": null, "dimensions": { "concept": "snam:CostsForIssueOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-732": { "value": null, "dimensions": { "concept": "snam:CostsForIssueOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-733": { "value": null, "dimensions": { "concept": "snam:CostsForIssueOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-734": { "value": null, "dimensions": { "concept": "snam:CostsForIssueOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-735": { "value": null, "dimensions": { "concept": "snam:CostsForIssueOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-736": { "value": "-13000000.0", "decimals": 0, "dimensions": { "concept": "snam:CostsForIssueOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-737": { "value": null, "dimensions": { "concept": "snam:CostsForIssueOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-738": { "value": null, "dimensions": { "concept": "snam:CostsForIssueOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-739": { "value": "-13000000.0", "decimals": 0, "dimensions": { "concept": "snam:CostsForIssueOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-740": { "value": null, "dimensions": { "concept": "snam:CostsForIssueOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-741": { "value": "-13000000.0", "decimals": 0, "dimensions": { "concept": "snam:CostsForIssueOfPerpetualSubordinatedBonds", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-742": { "value": null, "dimensions": { "concept": "snam:ReclassificationOfMinorityInvestmentsAccountedForAtFVTOCIReserve", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-743": { "value": null, "dimensions": { "concept": "snam:ReclassificationOfMinorityInvestmentsAccountedForAtFVTOCIReserve", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-744": { "value": null, "dimensions": { "concept": "snam:ReclassificationOfMinorityInvestmentsAccountedForAtFVTOCIReserve", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-745": { "value": null, "dimensions": { "concept": "snam:ReclassificationOfMinorityInvestmentsAccountedForAtFVTOCIReserve", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-746": { "value": null, "dimensions": { "concept": "snam:ReclassificationOfMinorityInvestmentsAccountedForAtFVTOCIReserve", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:RiservaPerObbligazioniSubordinatePerpetueMember", "unit": "iso4217:EUR" } }, "f-747": { "value": null, "dimensions": { "concept": "snam:ReclassificationOfMinorityInvestmentsAccountedForAtFVTOCIReserve", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-748": { "value": null, "dimensions": { "concept": "snam:ReclassificationOfMinorityInvestmentsAccountedForAtFVTOCIReserve", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-749": { "value": "-47000000.0", "decimals": 0, "dimensions": { "concept": "snam:ReclassificationOfMinorityInvestmentsAccountedForAtFVTOCIReserve", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-750": { "value": null, "dimensions": { "concept": "snam:ReclassificationOfMinorityInvestmentsAccountedForAtFVTOCIReserve", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-751": { "value": null, "dimensions": { "concept": "snam:ReclassificationOfMinorityInvestmentsAccountedForAtFVTOCIReserve", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-752": { "value": "47000000.0", "decimals": 0, "dimensions": { "concept": "snam:ReclassificationOfMinorityInvestmentsAccountedForAtFVTOCIReserve", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-753": { "value": null, "dimensions": { "concept": "snam:ReclassificationOfMinorityInvestmentsAccountedForAtFVTOCIReserve", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-754": { "value": null, "dimensions": { "concept": "snam:ReclassificationOfMinorityInvestmentsAccountedForAtFVTOCIReserve", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-755": { "value": null, "dimensions": { "concept": "snam:ReclassificationOfMinorityInvestmentsAccountedForAtFVTOCIReserve", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-756": { "value": null, "dimensions": { "concept": "snam:ReclassificationOfMinorityInvestmentsAccountedForAtFVTOCIReserve", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-757": { "value": null, "dimensions": { "concept": "snam:ReclassificationOfMinorityInvestmentsAccountedForAtFVTOCIReserve", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-758": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-759": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-760": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-761": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-762": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:RiservaPerObbligazioniSubordinatePerpetueMember", "unit": "iso4217:EUR" } }, "f-763": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-764": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-765": { "value": "-47000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-766": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-767": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-768": { "value": "34000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-769": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-770": { "value": null, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-771": { "value": "-13000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-772": { "value": "1000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-773": { "value": "-12000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-774": { "value": "2736000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f-775": { "value": "-27000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:EUR" } }, "f-776": { "value": "611000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f-777": { "value": "547000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:StatutoryReserveMember", "unit": "iso4217:EUR" } }, "f-778": { "value": "1000000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:RiservaPerObbligazioniSubordinatePerpetueMember", "unit": "iso4217:EUR" } }, "f-779": { "value": "-47000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember", "unit": "iso4217:EUR" } }, "f-780": { "value": "-6000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "f-781": { "value": "-31000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember", "unit": "iso4217:EUR" } }, "f-782": { "value": "-674000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:ReserveOfBusinessCombinationsUnderCommonControlMember", "unit": "iso4217:EUR" } }, "f-783": { "value": "164000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-784": { "value": "3787000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-785": { "value": "-390000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-786": { "value": "1259000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember", "unit": "iso4217:EUR" } }, "f-787": { "value": "8929000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:EUR" } }, "f-788": { "value": "44000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "f-789": { "value": "8973000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-790": { "value": "1145000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-791": { "value": "1257000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-792": { "value": "1126000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:AdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-793": { "value": "1029000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:AdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-794": { "value": "410000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-795": { "value": "343000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-796": { "value": "5000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:AdjustmentsForDividendIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-797": { "value": null, "dimensions": { "concept": "ifrs-full:AdjustmentsForDividendIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-798": { "value": "76000000.0", "decimals": 0, "dimensions": { "concept": "snam:AdjustmentsForOtherIncomeExpenseFromSubsidiariesJointlyControlledEntitiesAndAssociates", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-799": { "value": "3000000.0", "decimals": 0, "dimensions": { "concept": "snam:AdjustmentsForOtherIncomeExpenseFromSubsidiariesJointlyControlledEntitiesAndAssociates", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-800": { "value": "10000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-801": { "value": "13000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-802": { "value": "47000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:AdjustmentsForProvisions", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-803": { "value": "144000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:AdjustmentsForProvisions", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-804": { "value": "90000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:AdjustmentsForInterestIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-805": { "value": "195000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:AdjustmentsForInterestIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-806": { "value": "258000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:AdjustmentsForInterestExpense", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-807": { "value": "428000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:AdjustmentsForInterestExpense", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-808": { "value": "389000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:AdjustmentsForIncomeTaxExpense", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-809": { "value": "422000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:AdjustmentsForIncomeTaxExpense", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-810": { "value": "5000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherAdjustmentsToReconcileProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-811": { "value": "6000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherAdjustmentsToReconcileProfitLoss", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-812": { "value": "401000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-813": { "value": "621000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-814": { "value": "-413000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAccountReceivable", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-815": { "value": "128000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAccountReceivable", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-816": { "value": "-584000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAccountPayable", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-817": { "value": "-6000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAccountPayable", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-818": { "value": "-14000000.0", "decimals": 0, "dimensions": { "concept": "snam:AdjustmentsForOtherProvisions", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-819": { "value": "-30000000.0", "decimals": 0, "dimensions": { "concept": "snam:AdjustmentsForOtherProvisions", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-820": { "value": "-1672000000.0", "decimals": 0, "dimensions": { "concept": "snam:AdjustmentsForDecreaseIncreaseInOtherAssetsAndAdjustmentsForIncreaseDecreaseInOtherLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-821": { "value": "-1477000000.0", "decimals": 0, "dimensions": { "concept": "snam:AdjustmentsForDecreaseIncreaseInOtherAssetsAndAdjustmentsForIncreaseDecreaseInOtherLiabilities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-822": { "value": "2282000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInWorkingCapital", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-823": { "value": "764000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInWorkingCapital", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-824": { "value": "-3000000.0", "decimals": 0, "dimensions": { "concept": "snam:AdjustmentsForProvisionsForEmployeeBenefits", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-825": { "value": "-3000000.0", "decimals": 0, "dimensions": { "concept": "snam:AdjustmentsForProvisionsForEmployeeBenefits", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-826": { "value": "205000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:DividendsReceivedClassifiedAsOperatingActivities", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-827": { "value": "278000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:DividendsReceivedClassifiedAsOperatingActivities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-828": { "value": "35000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:InterestReceivedClassifiedAsOperatingActivities", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-829": { "value": "81000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:InterestReceivedClassifiedAsOperatingActivities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-830": { "value": "217000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:InterestPaidClassifiedAsOperatingActivities", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-831": { "value": "359000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:InterestPaidClassifiedAsOperatingActivities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-832": { "value": "272000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-833": { "value": "177000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-834": { "value": "-135000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-835": { "value": "1814000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-836": { "value": "1961000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-837": { "value": "1956000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-838": { "value": "1543000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-839": { "value": "2538000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-840": { "value": "253000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-841": { "value": "277000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-842": { "value": "402000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-843": { "value": null, "dimensions": { "concept": "ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-844": { "value": "432000000.0", "decimals": 0, "dimensions": { "concept": "snam:PurchaseOfInterestsInInvestmentsAccountedForUsingEquityMethodAndPurchaseOfFinancialAssetsAtFairValueThroughOtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-845": { "value": "176000000.0", "decimals": 0, "dimensions": { "concept": "snam:PurchaseOfInterestsInInvestmentsAccountedForUsingEquityMethodAndPurchaseOfFinancialAssetsAtFairValueThroughOtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-846": { "value": "120000000.0", "decimals": 0, "dimensions": { "concept": "snam:CashFlowsFromUsedInDecreaseIncreaseInPayablesAndReceivablesRelatingToInvestmentsClassifiedAsInvestingActivities", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-847": { "value": "290000000.0", "decimals": 0, "dimensions": { "concept": "snam:CashFlowsFromUsedInDecreaseIncreaseInPayablesAndReceivablesRelatingToInvestmentsClassifiedAsInvestingActivities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-848": { "value": "2510000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OutflowsOfCashFromInvestingActivities", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-849": { "value": "2701000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OutflowsOfCashFromInvestingActivities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-850": { "value": "1000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-851": { "value": "4000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-852": { "value": null, "dimensions": { "concept": "ifrs-full:ProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-853": { "value": "1000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-854": { "value": null, "dimensions": { "concept": "ifrs-full:CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-855": { "value": "3000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-856": { "value": "251000000.0", "decimals": 0, "dimensions": { "concept": "snam:ProceedsFromSalesOfInvestmentsAccountedForUsingEquityMethodAndProceedsFromSalesOfFinancialAssetsAtFairValueThroughOtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-857": { "value": "8000000.0", "decimals": 0, "dimensions": { "concept": "snam:ProceedsFromSalesOfInvestmentsAccountedForUsingEquityMethodAndProceedsFromSalesOfFinancialAssetsAtFairValueThroughOtherComprehensiveIncome", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-858": { "value": "27000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-859": { "value": "4000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-860": { "value": "279000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:InflowsOfCashFromInvestingActivities", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-861": { "value": "20000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:InflowsOfCashFromInvestingActivities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-862": { "value": "-2231000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-863": { "value": "-2681000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-864": { "value": "-559000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-865": { "value": "-600000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-866": { "value": "2560000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProceedsFromNoncurrentBorrowings", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-867": { "value": "4439000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProceedsFromNoncurrentBorrowings", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-868": { "value": "1290000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:RepaymentsOfNoncurrentBorrowings", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-869": { "value": "1902000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:RepaymentsOfNoncurrentBorrowings", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-870": { "value": "1669000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-871": { "value": "-910000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-872": { "value": "13000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-873": { "value": "15000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-874": { "value": null, "dimensions": { "concept": "ifrs-full:OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-875": { "value": "-350000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-876": { "value": "3000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-877": { "value": "2000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-878": { "value": "933000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-879": { "value": "946000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-880": { "value": null, "dimensions": { "concept": "ifrs-full:ProceedsFromContributionsOfNoncontrollingInterests", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-881": { "value": "1000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProceedsFromContributionsOfNoncontrollingInterests", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-882": { "value": "-1000000.0", "decimals": 0, "dimensions": { "concept": "snam:IncreaseDecreaseInCashAndCashEquivalentsRelatingToAssetsHeldForSaleAndDirectlyAssociatedLiabilitiesClassifiedAsFinancingActivities", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-883": { "value": null, "dimensions": { "concept": "snam:IncreaseDecreaseInCashAndCashEquivalentsRelatingToAssetsHeldForSaleAndDirectlyAssociatedLiabilitiesClassifiedAsFinancingActivities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-884": { "value": null, "dimensions": { "concept": "ifrs-full:ProceedsFromIssuingOtherEquityInstruments", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-885": { "value": "987000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProceedsFromIssuingOtherEquityInstruments", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-886": { "value": null, "dimensions": { "concept": "ifrs-full:PaymentsOfOtherEquityInstruments", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-887": { "value": "11000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:PaymentsOfOtherEquityInstruments", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-888": { "value": "1991000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-889": { "value": "1291000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-890": { "value": "300000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-891": { "value": "200000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember", "unit": "iso4217:EUR" } }, "f-892": { "value": "-375000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-893": { "value": "424000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-894": { "value": "1757000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-895": { "value": "1382000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-896": { "value": "1382000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-897": { "value": "1806000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-898": { "value": "-375000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents", "entity": "scheme:8156002278562044AF79", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-899": { "value": "424000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-900": { "value": "
1)\u00a0 COMPANY INFORMATION
The Snam Group, which comprises Snam S.p.A. , the
Italian parent company, and its subsidiaries (collectively
known as \u2018Snam\u2019, the \u2018Snam Group\u2019, the \u2018Group\u2019 or the
\u2018group\u2019), is a 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).
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. Snam invests
in innovation and in development of new energy
transition businesses, from sustainable mobility to
biomethane and energy efficiency. It also seeks to
enable and promote the development of CCS and
hydrogen to move forward the decarbonization of the
energy sector and industry.
Snam S.p.A. is a joint-stock company incorporated
under Italian lawa and listed on the Milan Stock
Exchange, with registered offices in San Donato
Milanese (Milan) - Italy, in Piazza Santa Barbara no. 7. In
compliance with the provisions of Article 2428,
paragraph 5 of the Italian Civil Code, it is certified that
Snam has no secondary offices.
With a resolution of 1 August 2019, the Board of
Directors of CDP S.p.A., which, through its subsidiary
CDP Reti S.p.A., holds a 31.4% stake in Snam S.p.A.,
reclassified the investment relationship in the
company, which already qualifies as de facto control
under IFRS 10 - Consolidated financial statements from
2014, as a de facto control pursuant to Article 2359,
paragraph 1, no. 2) of the Italian Civil Code and Article
93 of the TUF.
CDP S.p.A. has neither formalised nor exercised
management and coordination activities over Snam
S.p.A..
7)\u00a0 ACCOUNTING STANDARDS
PUBLISHED BY THE IASB BUT NOT
YET IN FORCE
New accounting standards or amendments to current
accounting standards published by the IASB that have
an effective date after 31 December 2024 are
illustrated below. The new accounting standards or
amendments to the current accounting standards
shown below are divided between documents that
have been endorsed and those that have not yet been
endorsed by the European Commission.
7.1\u00a0 Accounting standards published
by the IASB and endorsed by the
European Commission but not yet in
force
With Regulation (EU) 2024/2862, issued by the
European Commission on 12 November 2024, the
regulatory provisions contained in the document
\u2018Amendments to IAS 21, The Effects of Changes in
Foreign Exchange Rates: Lack of Exchangeability\u2019 were
endorsed. The purpose of the amendment is to clarify
how to measure a transaction in a foreign currency for
which the exchange rate is not available. In particular,
the circumstances in which the company must estimate
a spot exchange rate and how it can do so are defined.
The amendments enter into force on 1 January 2025.
The Group is analysing the standards and
interpretations indicated, where applicable, in order to
assess the effects of their application on the financial
statements; however, the directors do not expect a
significant effect on the Group's consolidated financial
statements resulting from their adoption.
7.2\u00a0 Accounting standards and
interpretations published by the IASB
and not yet endorsed by the European
Commission
At the date of this document, the competent bodies of
the European Union have not yet completed the
approval process necessary for the adoption of the
amendments described below.
\u2022 On 9 April 2024, the IASB published a new
accounting standard called \u2018IFRS 18 - Presentation
and Disclosure in Financial Statements\u2019. The new
accounting standard will replace IAS 1
(Presentation of Financial Statements) with the aim
of improving the way companies communicate
their financial reports. In particular, it will improve
financial reporting through: (i) the request for
additional subtotals within the income statement,
(ii) the request for information on performance
measures defined by management and (iii) the
inclusion of new principles for the grouping of
information reported in the financial statements.
The amendments will enter into force from 1
January 2027 (subject to any subsequent
postponements determined during the approval of
the European Commission), but earlier application
is however permitted.
\u2022 On 9 May 2024, the IASB published a new
accounting standard called \u2018IFRS 19 - Subsidiaries
without Public Accountability: Disclosures\u2019. The new
standard aims to simplify and reduce the cost of
preparing financial information by subsidiaries,
while maintaining the usefulness of their financial
statements. The disclosure requirements in IFRS 19
are a reduced version of those in IFRS standards.
The amendments will enter into force from 1
January 2027 (subject to any subsequent
postponements determined during the approval of
the European Commission), but earlier application
is however permitted.
\u2022 On 30 May 2024, the IASB published an
amendment called \u2018Amendments to the
Classification and Measurement of Financial
Instruments (Amendments to IFRS 9, Financial and
IFRS 7)\u2019. The document clarifies some problematic
aspects that emerged from the post-
implementation review of IFRS 9, including the
accounting treatment of financial assets whose
returns vary upon the achievement of ESG
objectives (e.g. green bonds). In particular, the IASB
amended the requirements relating to: (i) the
settlement of financial liabilities through an
electronic payment system and (ii) the classification
of ESG-type financial assets. The amendments will
enter into force from 1 January 2026 (subject to
any subsequent postponements determined during
the approval of the European Commission), but
earlier application of the amendment is however
permitted.
\u2022 On 18 July 2024, the IASB issued the document
'Annual Improvements to IFRS Standards - Volume
11', containing changes, essentially of a technical
and editorial nature, to the international
accounting standards. The amendments to the
accounting standards are effective for financial
years beginning on or after 1 January 2026 (unless
subsequently postponed by the European
Commission during approval).
\u2022 On 18 December 2024, the IASB published an
amendment entitled 'Contracts Referencing
Nature-dependent Electricity - Amendments to IFRS
9 and IFRS 7'. The document, on Power Purchase
Agreements (PPAs), provides: (i) new guidance on
the 'own use exemption' for underwriters of PPAs
and (ii) hedge accounting requirements for parties
involved in PPAs. The amendments are effective for
financial years beginning on or after 1 January 2026
(unless subsequently postponed by the European
Commission during approval).
The Group is currently evaluating the possible effects
deriving from the introduction of the amendments
indicated.
24)\u00a0 NON-CONTROLLING INTERESTS OF SUBSIDIARIES
The economic and financial disclosures required by IFRS 12 for subsidiaries with significant non-controlling interests,
with reference to the financial years ended December 31, 2023 and December 31, 2024.
31.12.2023
\u00a0(million euros)
Renovit
S.p.A.
Renovit
Building
Solutions
S.p.A.
(formerly
Evolve
S.p.A.)
Renovit
Public
Solutions
S.p.A.
Renovit
Business
Solutions
S.r.l.
(formerly
TEP Energy
Solution
S.r.l.)
Other
companies
individually
not relevant
(*)
Intragroup
eliminations
consolidation
adjustments
Total
Total assets
101
624
219
911
Total liabilities
(26)
(576)
(176)
(901)
TOTAL NET ASSETS
75
48
43
10
Non-controlling interests %
39.95%
39.95%
39.95%
39.95%
- attributable to third parties
30
19
17
4
4
(29)
45
Net result
(3)
23
14
(12)
OCI
TOTAL COMPREHENSIVE
INCOME
(3)
23
14
(12)
Non-controlling interests %
39.95%
39.95%
39.95%
39.95%
- attributable to third parties
(1)
9
6
(5)
1
10
(*)
It refers to two companies.
31.12.2024
\u00a0(million euros)
Renovit
S.p.A.
Renovit
Building
Solutions
S.p.A.
(formerly
Evolve
S.p.A.)
Renovit
Public
Solutions
S.p.A.
Renovit
Business
Solutions
S.r.l.
(formerly
TEP Energy
Solution
S.r.l.)
Other
companies
individually not
relevant (*)
Intragroup
eliminations
consolidation
adjustments
Total
Total assets
103
548
219
756
Total liabilities
(30)
(505)
(174)
(738)
TOTAL NET ASSETS
73
43
45
18
Non-controlling interests %
39.95%
39.95%
39.95%
39.95%
- attributable to third parties
30
17
18
7
5
(33)
44
Net result
(3)
(5)
2
7
OCI
TOTAL COMPREHENSIVE
INCOME
(3)
(5)
2
7
Non-controlling interests %
39.95%
39.95%
39.95%
39.95%
- attributable to third parties
(2)
(2)
1
3
(2)
(2)
(*)
It refers to two companies.
27)\u00a0 CRIMINAL AND TAX LITIGATION AND PROCEEDINGS WITH THE
REGULATORY AUTHORITY ARERA
Snam is a party in civil, administrative and criminal proceedings and in legal actions related to the normal course of
its business. On the basis of the information currently available, taking into account the funds allocated and noting
that in some cases it is not possible to make a reliable estimate of the possible burden, Snam believes that these
proceedings and actions will not result in significant negative effects.
Below is a summary of the most significant proceedings and/or events with an impact on the Group's litigation.
At 31 December 2024, risks for damages and disputes relating to litigation in progress, but where the risk of losing
the case is not considered probable, amounted to \u20ac10 million.
27.1\u00a0 Criminal litigation
Renovit Business Solution S.r.l. (formerly TEP Energy Solution S.r.l.) - Criminal proceedings pursuant to
Italian Legislative Decree 231 of 2001
The former CEO and an employee of the subsidiary TEP Energy Solution S.r.l. (now Renovit Business Solution;
hereinafter, TEP, as indicated in the investigation file), pursuant to Italian Legislative Decree 231/2001, are involved
in criminal proceedings, pending before the Public Prosecutor's Office at the Court of Rome, originating from
investigations concerning legal concessions obtained for building activities (so-called Superbonus tax relief and
other minor tax relief bonuses) at a number of construction sites. The administrative offences referred to in articles
24, 25 quinquiesdecies, paragraph 1, letter d), and 26 of Legislative Decree 231/2001 are contested against the
company TEP in relation to the crimes charged to the natural persons involved, which include (i) complicity in:
attempted aggravated fraud to obtain public funding; attempt at undue compensation; ideological falsehood by a
private individual; and ideological falsehood by a public official; and (ii) the issuing of invoices for non-existent
transactions. In the course of the preliminary investigation, the preventive seizure of receivables included in invoices
issued by TEP to an apartment building was ordered. On 24 June 2024, the notice of the conclusion of the
preliminary investigation was served pursuant to Article 415bis of the Code of Criminal Procedure. The preliminary
hearing was set for 9 July 2025 at the Court of Rome.
27.1.1\u00a0 Other criminal litigation
The Group's companies, with particular reference to those active in regulated business, are also involved in several
ongoing criminal proceedings, in which they are the plaintiff in relation to various alleged crimes, such as:
aggravated theft, damage, fraud, receiving stolen goods, money laundering and criminal conspiracy. Among these,
we recall the judgment currently pending before the Court of Appeal of Milan against Transport Users who in 2012
accrued a significant debt exposure towards Snam Rete Gas, as Balancing Manager, mainly attributable to
illegitimate conduct of fraud and money laundering (so-called \u2018gas cheats\u2019). In this proceeding, Snam Rete Gas
joined the proceedings as a civil party against the defendants.
In the context of the Group's operations, some Group employees may be involved in criminal proceedings aimed at
determining their possible personal liability, for example in the event of accidents at work, damage or
environmental crimes. Currently, two criminal proceedings of this type are pending before the Court of Trani and
the Court of Enna. Group companies are not involved in these proceedings under Italian Legislative Decree
231/2001.
27.2\u00a0 Administrative proceeding
27.2.1\u00a0 Regulatory administrative proceeding
Default transportation service
Following the proceedings already started in 2022 and
concluded in 2023, on 28 October 2023 Acciaierie
d'Italia S.p.A. filed a new appeal before the Lombardy-
Milan Regional Administrative Court (Record no.
2075/2023) in which it requested the annulment,
subject to suspension of the effectiveness with the
adoption of single- and joint-body precautionary
measures: (i) ARERA resolution no. 393/t2023/R/gas of
7 September 2023, concerning \u2018Urgent provisions
regarding the transportation default service provided
to Acciaierie d'Italia S.p.A.\u2019, which only partially upheld
(until 30 September 2023) the request for a waiver of
the sixty-day period provided for in resolution
249/2012/R/gas for the provision of the Transportation
Default Service, submitted by Acciaierie d'Italia on 2
August 2023 with a request to extend the service until
at least 31 December 2023, and (ii) the communication
of Snam Rete Gas S.p.A. dated 19 October 2023, in
which Acciaierie d'Italia was notified of the scheduling
of the disk application procedures at the redelivery
points for 8 November 2023. By precautionary decree
of the President of the Regional Administrative Court
of Lombardy-Milan No. 994 of 30 October 2023, the
court, having considered the periculum in mora
appreciable in relation to the date set for the
termination of the redelivery points and the need to
further investigate the fumus boni iuris , accepted the
request for precautionary measures and set the council
chamber for 8 November 2023. With precautionary-
investigative order 1023 of 10 November 2023, the
Regional Administrative Court of Lombardy-Milan
accepted the precautionary request and set another
council chamber for 10 January 2024. With order No.
24 of 15 January 2024, the aforesaid Regional
Administrative Court rejected the precautionary
request and set the hearing on the merits for 16
October 2024.
In the meantime, on 18 January 2024 Acciaierie d'Italia
filed a precautionary appeal for the reform of the
aforementioned order and set the council chamber for
13 February 2024. With order No. 532 of 15 February
2024, the Council of State accepted the precautionary
appeal of Acciaierie d'Italia and suspended the
Regional Administrative Court order No. 24 of 15
January 2024.
As mentioned above, on 16 October 2024, the hearing
on the merits was held before the Lombardy-Milan
Regional Administrative Court (TAR) and, pending the
request for postponement submitted by Acciaierie
d'Italia, the Court ordered the new hearing be set for
the end of April 2025.
Measure
On 24 November 2023, Assogasmetano, Assopetroli-
Assoenergia, Federmetano (representing companies
operating in the automotive segment) filed an appeal
before the Regional Administrative Court of Lombardy-
Milan (G.R. No. 2337/2023), against ARERA and against
Snam Rete Gas and Societ\u00e0 Gasdotti Italia for the
annulment, subject to precautionary suspension of
\u2018resolution 433/2023/R/gas of 28 September 2023
entitled Approval of the proposed updates to the
Network Code of Snam Rete Gas S.p.A. and Societ\u00e0
Gasdotti Italia S.p.A. and amendments to the RMTG\u2019 as
well as for the annulment of all further related
measures including Resolution 512/2021/R/Gas, which
provided for the regulation of the reorganisation of
the metering service on the gas transportation
network. In particular, the applicants have contested:
(i) the application of certain fees associated with non-
compliance with minimum functional requirements laid
down in the regulation, the fulfilment of which,
according to the applicants, is impossible de facto; as
well as (ii) the obligation (sanctioned by the closure of
the redelivery point) to sign the so-called metering
agreement that would commit them to comply with
the aforementioned requirements. At the outcome of
the council chambers of 6 December 2023, the
Regional Administrative Court of Lombardy-Milan, with
order No. 1136 of 11 December 2023, rejected the
interim application for relief of the trade associations,
deeming the periculum in mora to be non-existent, also
anticipating some considerations on the fumus bonis
iuris, on the basis of the elements acquired on a
precautionary basis. The Regional Administrative Court
of Milan has, in fact, pointed out: (i) a possible lack of
uniformity of the interests of the individual members
from which the claimants would derive a lack of legal
powers; and (ii) a possible lateness of the appeal, given
that resolution No. 433/2023/R/gas amended only
certain aspects of Resolution No. 512/2021/R/gas,
whereas the appellants' objections appear to have a
more general scope.
In the meantime, with an appeal filed on 29 December
2023, Assogasmetano, Assopetroli-Assoenergia,
Federmetano lodged a precautionary appeal before
the Council of State for the reform of order No. 1136
of 11 December 2023. The precautionary appeal was
registered under G.R. 10143/2023 and the council
chambers was set for 23 January 2024. In its order No.
245 of 24 January 2024, the Council of State rejected
the precautionary appeal, finding that the periculum in
mora was non-existent and the objections on the
lateness of the appeal in relation to resolution
512/2021/R/gas were not justified. We are still waiting
for the date of the hearing to discuss the merits.
Odorisation
With resolution 250/2015/R/gas of 1 June 2015,
ARERA amended Article 5 of resolution 602/2013/R/
gas concerning the obligation for transportation
companies to odorise end customers directly
connected to the transportation network who use the
redelivered gas not merely in a technological way.
Snam Rete Gas challenged the aforementioned
resolution before the Regional Administrative Court of
Lombardy-Milan (G.R. No. 497/2020), believing that the
deadline for implementing the plan could only be
determined following the census of the affected
redelivery points (to be carried out by 31 July 2015)
and the transmission to ARERA (by 30 November 2015)
of the adaptation plan, to be updated every six
months. Having completed the census, during the
transmission of the adjustment plan and subsequent
updates, Snam Rete Gas once again referred to ARERA
the unreasonableness of the aforementioned deadline,
which instead the latter decided to confirm with
resolution 484/2016/E/gas. Consequently, Snam Rete
Gas, as part of the appeal with which it had challenged
resolution 250/2015/R/gas, filed an appeal for
additional grounds against Resolution 484/2016/E/gas
requesting the suspension of the challenged
resolutions. The Regional Administrative Court of
Lombardy-Milan, with ruling No. 869 of 17 April 2019,
upheld the appeal filed by Snam Rete Gas, declaring
the unlawfulness of the deadline set by ARERA as
manifestly unreasonable insofar as it did not take into
account the complexity of the activities to be carried
out by the transporter and the need for the
cooperation of the end customers on whom the onus
was, to ensure the use of gas in safe conditions for the
workers concerned.
It should be noted that, by Ministerial Decree of 18
May 2018, the Ministry for Economic Development set
the onus on end customers directly connected to the
natural gas transportation network to ensure the use
of gas in safe conditions where they use, partially, gas
for domestic or similar uses, even if combined with
technological uses. As a result of the activities
functional to the implementation of the Decree, end
customers have certified that they guarantee the safe
use of gas in accordance with the Decree.
Within the framework of the Consultation Document
(DCO 203/2019/R/Gas) preparatory to the revision of
the regulation on the quality of the transmission
service, ARERA expressed its intention: (i) to confirm
the regulatory framework set forth in the
aforementioned Resolution 250/2015/R/Gas without
providing a deadline by which to implement the plan,
and (ii) to promote a regulatory amendment aimed at
coordinating the regulation with the aforementioned
Ministerial Decree. Following up on what had been
anticipated in the DCO, with resolution 554/2019/R/
gas, the Authority confirmed the previous regulatory
regime (i.e. obligation to odorise gas of the
transporter), thus once again proposing coordination
with the obligations imposed by the aforementioned
Decree. Therefore, pending a possible regulatory
change, Snam Rete Gas has challenged resolution
554/2019/R/gas, again before the Regional
Administrative Court of Lombardy-Milan, with a second
appeal for additional reasons. The contested
regulatory framework was further confirmed in
resolution No. 589/2023/R/gas of 12 December 2023,
with which, as a result of the consultation process set
forth in DCO No. 451/2023/R/Gas, ARERA adopted the
regulatory criteria for the quality of the natural gas
transportation service for the sixth regulatory period
(2024-2027). Snam Rete Gas has also challenged this
further and more recent ARERA Resolution with a third
appeal for additional reasons. We are still waiting for
the hearing date to be set.
It should be noted that, on the subject of odorisation,
ARERA sent the Ministry of the Environment and
Energy Security a proposal for regulatory changes that
would assign, in short, on the one hand, the
responsibility for odorisation (or alternative methods)
as envisaged by law to the end customer who uses
natural gas, which is even technological in part, or
where the customer carries out industrial or artisanal
activities and, on the other hand, assign responsibility
to the transporter for the other points or in the event
of a request by the end customer. The outcome of this
debate for a future regulatory change will
consequently have an impact on the pending litigation.
27.2.2\u00a0 Operational administrative proceeding
Decarbonisation project of the Region of Sardinia \u2013
Appeal of the Region of Sardinia
In relation to the decarbonisation project of the Region
of Sardinia, the latter filed an appeal for the annulment
of the Prime Ministerial Decree of 29 March 2022 and
of ARERA resolution No. 279/2022/R/Com concerning
the initiation of proceedings for the implementation of
this Decree, brought against ARERA as well as Snam
S.p.A.. The proceeding started on 27 July 2022 by the
Region of Sardinia before the Lazio-Rome Regional
Administrative Court (Record no. 12149/2022), which,
following the hearing on 14 September 2022,
dismissed the Region of Sardinia's appeal in its entirety
with sentence No. 12149 of 26 September 2022.
On 26 October 2022, the Region of Sardinia filed
before the Council of State an appeal, Record No.
8145/2022, requesting the annulment and/or the
reform, subject to suspension, of the aforementioned
ruling No. 12149. The Council of State, in order No.
5322/2022, granted the petition, finding that the
precautionary requirements were favourable and could
be adequately protected by the prompt settlement of
the case on the merits, thus setting the hearing for 23
February 2023. In the meantime, the Municipality of
Portoscuso filed its own action ad adiuvandum
supporting the Region's arguments. At the beginning
of February 2023, the Region of Sardinia, in agreement
with the State Authorities referred to in the lawsuit,
notified the Council of State that a renewed process of
joint dialogue had been initiated between all the public
entities in various capacities involved in the
proceedings connected with the adoption and
execution of the contested measures. Due to the
addition of the constituted parties to the Region's
motion for postponement, the hearing was postponed
to 16 November 2023. At that hearing, the Council of
State, noting the further request for adjournment due
to pending institutional negotiations, ordered the
adjournment to a date to be determined. Following the
application to bring forward the case filed by the
Municipality of Portoscuso (urging the Council of State
to set a hearing to discuss the merits), the Council of
State, noting the proceedings, set the public hearing
for 21 November 2024. At that hearing, the Region of
Sardinia and the Ministry filed for a joint adjournment
following the resumption of negotiations. The Council
of State, taking note of the application and its
circumstances, granted the postponement to 13 March
2025. At the outcome of that hearing, the Attorney
General, while acknowledging the ongoing
negotiations with the Region of Sardinia, objected to a
further postponement and requested that judgement
be passed on the case. We therefore await the
publication of the judgment.
Adriatic Line Project \u2013 Appeal of the Municipality
of Sulmona
In relation to the Linea Adriatica project already
mentioned in this financial report, one proceeding
brought by the Municipality of Sulmona is pending.
The case, brought at the beginning of October 2023
and pending before the Regional Administrative Court
of Abruzzo-L'Aquila (G.R. No. 307/2023), concerns the
Sulmona gas compression plant and specifically the
request for annulment of the ruling of
acknowledgement of compliance with prescriptions
No. A.12, A.16, A.19 and A.20 of the DM VIA No.
70/2011, issued by the Regional Coordination
Committee for the Environmental Impact Assessment
of the Abruzzo Region on 13 July 2023, No. 3968. No
precautionary measure was requested, but instead an
investigative request made, requesting the filing of the
documents relating to the extension of the single
authorisation. The action was not brought before the
Regional Administrative Court of Lazio-Rome, as was
the case for the previous (concluded and pending)
rulings, and therefore a plea of lack of territorial
jurisdiction was raised. The date of the hearing on the
merits still has to be set.
FSRU project - Appeal by the Municipality of
Savona
In relation to the FSRU project discussed on pages 26
and following of the 2023 Annual Financial Report, two
appeals are pending.
With an appeal filed by the Municipality of Savona
regarding the project to relocate the Piombino FSRU to
the territory of Vado Ligure, the Municipality
requested the annulment of the provision of 3 October
2023 containing the suspension of the Single
Authorisation procedure to allow Snam FSRU Italia to
submit the amendments. The appeal was filed before
the Regional Administrative Court of Liguria-Genoa
(G.R. No. 795/2023), which, following the objection of
lack of jurisdiction raised by Snam FSRU Italia, with
order No. 187 of 12 March 2024 declared itself
incompetent in favour of the Regional Administrative
Court of Lazio-Rome. The Municipality of Savona
therefore took steps to resume the proceedings
before the competent Regional Administrative Court
(Record no. 3394/2024) and Snam FSRU Italia promptly
filed an appearance. The Lazio-Rome Regional
Administrative Court set the hearing for the discussion
of the merits of the proceedings brought by the
Municipality of Savona for 2 April 2025. Therefore, the
time limits, as a result of being halved, pursuant to
Article 119 of the Code of Civil Procedure, would
expire as follows: (i) documents, 12 March 2025; (ii)
briefs, 17 March 2025; (iii) rejoinders, 22 March 2025.
With an appeal filed at the end of October 2024, Snam
FSRU Italia applied to the Lazio-Rome Regional
Administrative Court to annul the warning notice of 22
August 2024 issued by MASE, following a report by
ISPRA, for exceeding the emission limits concerning
the FSRU at Piombino: (i) for sea water discharges and
the parameters Aluminium and Copper (in any case
these would be the heavy metals previously existing on
the sea bed); (ii) for the continuously monitored value
of the water temperature variation equal to -7\u00b0 C on 2
July 2024, he value reported the day after the
exceedance; (iii) NOX during the restart of engine
number 3 after the installation of the formaldehyde
catalyst, and finally (iv) for non-compliance with waste
management requirements. Snam FSRU Italia complied
with the requests, submitting its feedback on 18
September 2024. At the same time, considering the
possible administrative sanctions indicated in the
notice, pursuant to Article 29-quaterdecies of Italian
Legislative Decree 152/2006, Snam FSRU Italia sent the
Prefect of Livorno (within the term of 30 days from
notification of the notice) the observations/defence
briefs pursuant to Articles 17 and 18 of Law 689/1981
on administrative sanctions. On 4 October 2024, ISPRA
sent its reply not accepting Snam's arguments for
points (i), (ii) and (iii) above. We are waiting for the
hearing to be set to discuss the merits, specifying that,
in relation to this position, the outcomes of the
preliminary investigation proceedings underway on the
warning and those of the proceedings for the
substantial amendment of the Integrated
Environmental Authorisation for the FSRU of Piombino
will be relevant, where various aspects are submitted
to the competent authority for examination, including,
among others, those referring to the warning.
Panigaglia regasification plant \u2013 Appeal against
noise regulations
With reference to the regasification plant located in
Panigaglia, which is fully described on page 26 and
following of the 2023 Annual Financial Report, GNL
Italia S.p.A. has filed an appeal against the Province of
La Spezia and the Municipality of Porto Venere for the
annulment of the provisions contained in the
Integrated Environmental Authorisation for the
Panigaglia plant, which require compliance with limit
values that are not in line with current noise
regulations (TAR Lazio-Rome Regional Administrative
Court, Record 12796/2023). The contested measures
contain requirements and forecasts regarding noise
emissions detrimental to the company and the
operation of the regasification plant. A hearing is
currently being scheduled to discuss the merits of the
case, while discussions with the entities and
developments on the preliminary investigation plan
continue, including at the services conference. With
reference to these procedural aspects, in a GNL Italia
memorandum issued on 17 June 2024 by the Province
of La Spezia, a request was made to call a conference
of services in order to amend the Integrated
Environmental Authorisation, with specific reference to
noise, as follows 1) to exclude the ship's acoustic
contribution from the plant's noise assessments and 2)
to revise the currently envisaged emission limits to be
consistent with the national limits pursuant to Law
447/1995 and the Prime Ministerial Decree of 1.3.1991,
as well as the Prime Ministerial Decree of 14.11.1997.
The services conference was set for 5 July 2024, which
resulted in the Province's instruction to GNL Italia to
submit an application for a substantial amendment to
the Integrated Environmental Authorisation, submitted
by the Company at the beginning of August 2024. GNL
Italia, having learnt that the new acoustic assessments
of the Municipality of Portovenere were still being
finalised, also requested the Province, in a note dated 5
August 2024, to postpone the deadline for the
adjustment of the noise limits to 30 September 2024.
The Province, in a communication dated 9 August
2024, responded to the above series of requests by
initiating new proceedings, which are still ongoing.
With a subsequent determination of 26 August 2024,
the Province of La Spezia accepted GNL Italia's request
to postpone the deadline for compliance with the
requirement relating to \u2018Noise\u2019, contained in the
Integrated Environmental Authorisation, setting it at
30 September 2025 (instead of 30 September 2024).
At the end of October 2024 the second appeal was
served against the Province's notice of initiation of the
proceeding of 9 August 2024 for the substantial
amendment of the Integrated Environmental
Authorisation and the same determination of 26
August 2024, which reiterates the requirement to
comply with the noise limits set forth in the zoning
plan of the Municipality of Portovenere, albeit within a
longer deadline, pursuant to Article 29-sexies,
paragraph 3 bis of Legislative Decree 152/2006 and
\u2018regardless of the other independently applicable
regulatory provisions\u2019.
27.2.3\u00a0 Other administrative proceeding
Group companies are also involved in active
administrative disputes in the regulatory field,
including disputes on tariff determination criteria, in
which Snam Rete Gas is the interested party.
The Group's companies are also involved in active
administrative disputes in the operations area,
including: (i) disputes relating to procurement,
concerning requests for cancellation of provisions for
the revocation or suspension of qualifications or from
the Snam Group Vendor List or of award provisions; (ii)
disputes in the biomethane segment, concerning
requests for cancellation of authorisations for the
construction and operation of biomethane plants.
27.3\u00a0 Civil proceedings
27.3.1\u00a0 Commercial proceedings and debt
recovery
Civil litigation relating to Snam's regulated businesses
(transportation, storage and regasification) concerns
the management of commercial operations, the
approval of contracts relating to transport services,
requests for connection to the network, storage and
regasification services, gas quality and all other
regulated services. These are mainly ongoing
proceedings against insolvent, bankrupt or otherwise
insolvency clients, with whom disputes have arisen that
could not be resolved on a commercial level.
Most of these judgments derive from actions
undertaken by Snam Rete Gas to recover receivables
deriving from balancing, transportation and default
transportation services, provided by the same in
consideration of the role of Balancing Manager
recognised by ARERA as the largest transportation
company throughout the country. The large-scale
provision of such services by Snam Rete Gas to
customers left without a gas supplier, to which Snam
Rete Gas is required by law and in particular by ARERA
Resolution 249/2012/R/Gas and subsequent
amendments, has led to a significant increase in debt
collection actions due to default. This increase has
been particularly significant in recent years following
the energy crisis caused by the Russian-Ukrainian
conflict, which led to a significant increase in the cost
of gas and, as a result, the termination of many
contracts with transportation users (shippers).
With respect to this type of litigation, the following
proceedings against the Group are reported.
Opposition by Romagas S.r.l. against an injunction
obtained by Snam Rete Gas for receivables from
transportation default
With this action, Romagas also asked the Court of
Milan to order Snam Rete Gas to pay over \u20ac4.1 million
for the alleged illegitimate termination of the
transportation contract, in addition to approximately
\u20ac1 million for the return of the security deposit and
default interest. In the context of this judgement,
Snam Rete Gas intends demonstrating: (i) the
legitimacy of the termination of the transportation
contract, deriving from the serious debt exposure of
the plaintiff, not adequately covered by the guarantees
required by the current regulatory framework, and (ii)
that following such contractual termination the default
transportation service was effectively provided to the
plaintiff. With the briefs pursuant to Article 183 VI, the
Parties formulated their preliminary applications and
the Judge, in order to rule on the case, decided to
order only those applications requested by Snam Rete
Gas, i.e. the court-appointed expert\u2019s report and the
order for the Sole Buyer to produce evidence. At
present, the expert\u2019s report is in progress.
As regards proceedings brought by the Group, the
following is reported.
Debt collection from so-called \u2018gas cheats\u2019
Snam Rete Gas, in its capacity as Balancing Manager, is
required to procure the quantities of gas necessary to
balance the system. In exchange for the provision of
this service to balance the position of some
transportation and storage users (who had registered
imbalances since 2012), Snam Rete Gas has accrued
receivables for over \u20ac500 million. In view of the non-
payment by the debtors, Snam Rete Gas has been
forced to take legal action to recover the receivables.
In the meantime, many users have gone bankrupt and
therefore Snam Rete Gas has added itself to the
bankruptcy procedures currently underway.
Opposition to the statement of liabilities of
Acciaierie di Italia in Extraordinary Administration
(EA)
In May 2024, Snam Rete Gas, as manager of the
national natural gas transportation and dispatching
service provided to Acciaierie d'Italia under the default
transportation service regime, submitted to the
Extraordinary Administration procedure the appeal
pursuant to Article 201 of the CCII (Business Crisis
Code) for the admission to the statement of liabilities
of Acciaierie d'Italia S.p.A. in EA, whose insolvency was
declared by the Court of Milan with ruling No.
122/2024, filed on 20 February 2024. In the appeal,
Snam Rete Gas requested to be added as a creditor for
pre-deductible debts for the total sum of
approximately \u20ac400.5 million, of which: (i)
approximately \u20ac375.2 million relating to capital (for
approximately \u20ac348.9 million) and invoiced interests
(for approximately \u20ac26.4 million) for the service
provided as of 20 February 2024; and (ii) approximately
\u20ac25.3 million relating to capital (for approximately
\u20ac25.2 million) and invoiced interests (for approximately
\u20ac43.2 thousand) for the service provided during the
Extraordinary Administration.
Following the hearing of 19 June 2024, the statement
of liabilities of Acciaierie d'Italia S.p.A. in EA. was filed in
which the delegated Judge recognised the full
admission of the receivable of Snam Rete Gas
according to the following method:
\u2022 amount of approximately \u20ac25.3 million for capital
and default interest, accrued for the service
provided during the procedure, as a pre-deductible
debt;
\u2022 amount of \u20ac375.2 million for capital and default
interest, already expired at the date of opening of
the procedure, as an unsecured non-pre-deductible
debt.
The pre-deductible nature of the receivable arising
during extraordinary administration was therefore
recognised, while the receivable arising before the
procedure, although also recognising default
interest, was not recognised as pre-deductible as
the legal requirements were not deemed to exist.
Limited to this last ruling, Snam Rete Gas proceeded
to file an objection to the liabilities of Acciaierie
d'Italia S.p.A. in EA to obtain the admission to the
pre-deductible liabilities also of all the receivables
that arose before the initiation of the procedure,
equal to approximately \u20ac375.2 million in total for
the service provided as of 20 February 2024, given
the peculiarity of the receivable, originating from a
service recognised as essential to guarantee
business continuity and provided on the basis of a
regulatory obligation. The case is ongoing.
27.3.2\u00a0 Operational civil proceedings
Civil litigation in the operations sector includes
proceedings: (i) brought following actions to protect
gas pipeline easements; (ii) for damages; of recourse to
recover additional costs and/or charges incurred due to
non-compliance by the other party; (iii) of objections to
the estimate of compensation; (iv) of opposition to
assessment notices for the payment of non-recognition
fees and regional fees.
With regard to passive proceedings, the following is
relevant:
Litigation against motorway operators
Generally, these are judgments originating from
actions for compensation for the expenses incurred by
Snam Rete Gas for the removal of interference relating
to gas pipelines already installed in areas affected by
motorway extension works ordered by the operator.
With regard to this type of judgement, a jurisprudence
has been established which is unfavourable to Snam
Rete Gas and which is based on a restrictive
interpretation of the applicable rules.
Actions for damages caused by the laying
and maintenance of gas pipelines
These are often old judgments, and the antiquity of
the case makes it difficult to find useful documentation
to prove the correctness of the activities carried out by
Snam Rete Gas, with unfavourable results.
In all cases where it is considered probable that the
outcome of the dispute will entail costs, an allocation
has been made to the specific fund for risks and costs.
As regards active proceedings, in recent years there
has been a considerable increase in actions to protect
gas pipeline easements, resulting from the increase in
reports of interference carried out by private
individuals following the intensification of controls
carried out throughout the national territory, in
particular through aerial overflights and the use of
drones. Such actions are taken by Snam Rete Gas in all
cases in which the competent districts find a
contractual or regulatory violation of the pipeline
easement following the construction of works within
the buffer zone. The results of the actions often lead
Snam Rete Gas to take care of the removal of the
works at its own expense, in the face of non-
compliance by private individuals, with the consequent
need to once again resort to legal action for
compensation to recover the costs incurred.
Even on the opposition front to the estimate of the
compensations, there has been a significant increase in
the actions promoted by Snam Rete Gas to request the
redetermination of the compensations established by
the so-called Terne Tecniche, the number and amount
of which have increased significantly over time.
27.3.3\u00a0 Other civil proceedings
The Group's companies are also involved in other types
of civil litigation, including judgments regarding: (i)
procurement; (ii) occupational accidents; (iii) failure to
comply with contractual obligations; (iv) unjust
enrichment. Also for these judgments, in all cases in
which it is considered probable that the outcome will
entail charges, an allocation has been made to the
specific fund for risks and charges.
In this context, the following passive disputes relating
to the energy efficiency and biomethane businesses
are relevant:
Renovit Business Solution S.r.l. (formerly TEP
Energy Solution S.r.l.)
Svevi S.r.l., brought an action against TEP Energy
Solution S.r.l. (now Renovit Business Solution;
hereinafter only TEP, as indicated in the investigation
file) before the Court of Milan (G.R.N. 38315/2023) to
request the judicial ascertainment of alleged breaches
by TEP with respect to a professional consultancy
contract entered into with the same Svevi starting
from 2016 and, consequently, the judicial conviction of
TEP to pay in its favour a total sum of approximately
\u20ac7.7 million plus interest. Svevi based its claims on the
alleged qualification of the consultancy contract as
\u2018joint interest\u2019, which TEP disputes. The Judge,
considering the documentation submitted in the case
file sufficient, rejected all the investigative requests
formulated by the opposing party, postponing the case
to the hearing for the clarification of the conclusions in
June 2025.
Bascap\u00e9 against Bioenerys Agri
In November 2022, Bascap\u00e9 brought proceedings
against Bioenerys Agri before the Court of Milan
(G.R.N. 46269/2022) in relation to the execution of a
procurement contract signed in 2021 between the
parties for the construction of a plant for the
production of biomethane using FORSU. The judgment
originates from the suspension of the construction site
by Bioenergys Agri (contractor) in February 2022 due
to disagreements with Bascap\u00e8 (contracting authority)
regarding the implementation of the project in
consideration of the change in the reference
regulatory framework and the economic context, both
with regard to the increase in the cost of raw materials
and the change in the FORSU market. Following this
suspension, Bascap\u00e9 sued Bioenerys Agri, requesting
the termination of the procurement contract by
operation of law due to the latter's breach, with a
request for the return of \u20ac470 thousand paid by
Bascap\u00e9 in execution of the contract and for damages
of approximately \u20ac21.5 million for the failure to enter
into operation of the plant. Bioenerys Agri intends to
demonstrate the lack of conditions for the termination
of the contract by law, the incorrect determination of
the amount of compensation and the violation of the
duty of good faith by the plaintiff in consideration of
the failure to renegotiate the economic conditions and
the guarantees requested in light of the subsequent
changes to the contract. Bioenerys Agri also filed a
counterclaim with reference to the damage suffered in
the execution of the related contract.
Following the hearing for the discussion of the
preliminary enquiries, the Judge decided not to admit
the Court-appointed expert's report requested by the
opposing party for the quantification of the damages
suffered, considering it unnecessary for the decision of
the case, and therefore set a hearing for he
clarification of the conclusions, after which written
conclusions were filed. At this stage, the Judge
reserved to rule on the case.
27.4\u00a0 Tax disputes
Stogit S.p.A. \u2013 Hyper-amortization
Starting in 2018, Stogit benefited from the so-called
hyper-amortization on investments made in some
compressor stations within the Bordolano concession.
Initially, the Revenue Agency (Circular No. 4/E of 2017)
had clarified that the legal/formal criteria relating to
the general accrual rules provided for in Article 109(1)
and (2) of the Consolidated Law on Income Taxes were
relevant for the purpose of identifying the time when
investments are made.
More recently, the Inland Revenue has provided new
elements, giving relevance to the moment when the
transfer of ownership took place.
In light of the above, the company is checking whether
the new clarifications contained therein could have any
repercussions with regard to the hyper-amortization
allowance for plants.
Snam S.p.A. - Questionnaire Q00017/2020 on VAT
On 13 February 2020, the Italian Revenue Agency
served Snam (hereinafter the \u2018Company\u2019) with a VAT
questionnaire requesting the reasons for the voluntary
correction of tax errors made in 2016 with reference to
the years 2012, 2013, 2014 and 2015. In particular, in
2016, the Company submitted supplementary tax
returns relating to the years 2012 to 2014 to
acknowledge the performance - as from 2012 - of a
new activity of granting loans and that in relation to
this activity the Company intended to use the optional
separation of activities pursuant to Article 36,
paragraph 3, of Presidential Decree no. 633/1972 for
VAT purposes. On the other hand, as far as 2015 is
concerned, the relevant annual tax return was
submitted within the ordinary time limits and the
voluntary correction of errors was applied (related to
the keeping of separate accounts) that had affected
the correct monthly payments.
Following a preliminary enquiry, on 21 December 2020,
the Revenue Agency served a notice requesting the
Company to appear for a cross-examination concerning
the years 2012-2013-2014-2015, to better verify
whether it had actually behaved 'ex ante' in this regard.
In order to avoid long and complex litigation, the
Company settled the agreed amounts on 25 March
2021 and 30 November 2022, following acceptance of
the assessment.
Discussions are underway with the Cooperative
Compliance Office and the Large Taxpayers Office of
the Revenue Agency with regard to the years not
defined in the settlement.
32)\u00a0 NET INCOME FROM EQUITY INVESTMENTS
(million euros)
2023
2024
Income from investments accounted for using the equity method
458
365
Expenses from investments accounted for using the equity method
(48)
(22)
Share of profit or loss of investments accounted for using the equity method
410
343
Other income from equity investments
82
4
Other expenses from equity investments
(8)
(13)
Other income (expenses) from equity investments
74
(9)
TOTAL NET INCOME FROM EQUITY INVESTMENTS
484
334
An analysis of the share of profit or loss of investments accounted for using the equity method is given in Note 10
'Investments accounted for using the equity method'.
Other expenses on equity investments essentially concern expenses related to the Biomethane Waste business
mainly arising from the signing of settlement agreements.", "dimensions": { "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-901": { "value": "Snam S.p.A.", "dimensions": { "concept": "ifrs-full:NameOfParentEntity", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-902": { "value": "Snam S.p.A.", "dimensions": { "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-903": { "value": "is a 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": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-904": { "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": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-905": { "value": "Italy", "dimensions": { "concept": "ifrs-full:DomicileOfEntity", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-906": { "value": "Italy", "dimensions": { "concept": "ifrs-full:CountryOfIncorporation", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-907": { "value": "joint-stock company", "dimensions": { "concept": "ifrs-full:LegalFormOfEntity", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-908": { "value": "San Donato Milanese (Milan) - Italy, in Piazza Santa Barbara no. 7", "dimensions": { "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-909": { "value": "CDP S.p.A.", "dimensions": { "concept": "ifrs-full:NameOfUltimateParentOfGroup", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-910": { "value": "
2.1\u00a0 Basis of presentation
These consolidated financial statements:
a) have been prepared in accordance with the IFRS
Accounting Standards issued by the International
Accounting Standards Board (IASB) and adopted by
the European Commission pursuant to Article 6 of
Regulation (EC) No 1606/2002 of the European
Parliament and of the Council of 19 July 2002 and
pursuant to Article 9 of Legislative Decree 38/2005;", "dimensions": { "concept": "ifrs-full:StatementOfIFRSCompliance", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-911": { "value": "have been prepared based on a going-concern
basis, utilizing the historical cost method, taking
into account any necessary value adjustments,
barring those items that are required to be
measured at fair value, in compliance with IFRS, as
outlined in the measurement criteria; given the
nature of Snam\u2019s core operations, which do not
require continuous operational activities, there are
no factors that necessitate a detailed examination
regarding the validity of the going concern
assumption;", "dimensions": { "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-912": { "value": "have been approved and authorized for publication
by the Board of Directors of Snam S.p.A. in its
meeting of 19 March 2025, and have been audited
by Deloitte & Touche S.p.A.;
d) are denominated in euros; given their magnitude,
the figures in the financial statements and
corresponding notes are expressed in millions of
euros, unless stated otherwise.", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-913": { "value": "
For the financial year ended 31 December 2024, the
Group applied accounting policies in line with those of
the previous year, with the exception of the accounting
standards and interpretations which came into force in
the year starting on 1 January 2024, which are
described below.
With Commission Regulation (EU) 2023/2579, issued by
the European Commission on 20 November 2023, the
regulatory provisions contained in the following
document were approved:
\u2022 \u2018Amendments to IFRS 16 Leases: Lease Liability in a
Sale and Leaseback\u2019. The purpose of the document
is to clarify how the initial recognition and
subsequent measurements by a seller-lessee in the
context of a sale and leaseback transaction should
take place.
With regulation No 2023/2822, issued by the European
Commission on 19 December 2023, the regulatory
provisions contained in the following documents were
approved:
\u2022 \u2018Amendments to IAS 1 Presentation of Financial
Statements: Classification of Liabilities as Current
or Non-current\u2019 and \u2018Non-Current Liabilities with
Covenants\u2019. The documents are intended to clarify
how to classify payables and other short-term or
long-term liabilities.
With Commission Regulation (EU) 2024/1317, issued by
the European Commission on 15 May 2024, the
regulatory provisions contained in the following
documents were approved:
\u2022 \u2018Amendments to IAS 7 Statement of Cash Flows and
IFRS 7 Financial Instruments: Disclosures: Supplier
Finance Arrangements\u2019. The amendment aims to
add disclosure requirements and indications,
requiring companies to provide qualitative and
quantitative information on supply chain finance
arrangements (supplier finance arrangements or
reverse factoring).
The adoption of the amendments to IFRS 16 and IAS 1
had no material impact on the Group's consolidated
financial statements. The information required by the
amendment to IAS 7 is provided in Note 22 'Trade and
other payables'.
With reference to the consolidated financial
statements, it should be noted that:
\u2022 the items in the Statement of financial position are
classified by distinguishing assets and liabilities on a
\u2018current/noncurrent basis\u2019 162 ;
\u2022 The Income Statement has been presented
separately from the Comprehensive Income
Statement and classifies costs by type, since this is
deemed to be the best way of representing the
Group\u2019s operations and is in line with the
established practice of companies operating in
international markets;
\u2022 the Cash Flow Statement has been prepared using
the \u2018indirect\u2019 method.
Moreover, pursuant to Consob resolution No. 15519 of
28 July 2006, any income and expense from non-
recurring operations is shown separately in the income
statement.
With regard to the same Consob resolution, the
balances of receivables/payables and transactions with
related parties, described in more detail in Note 36 \u2013
\u2018Transactions with related parties\u2019, are shown
separately in the financial statements.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-914": { "value": "
5)\u00a0 MATERIAL ACCOUNTING POLICIES
5.1\u00a0 Consolidation criteria
Subsidiaries, joint ventures, associates and other
significant equity investments are indicated separately
in the appendix \u2018Equity investments of Snam S.p.A. as
at 31 December 2024\u2018, which is an integral part of
these notes. The same annex shows the changes in the
scope of consolidation as of 31 December 2024
compared to 31 December 2023.\u00a0
All the financial statements of the companies included
in the scope of consolidation are expressed in euro,
adjusted, where necessary, to make them consistent
with the accounting policies applied by the Parent
Company.
Fully consolidated subsidiaries
The Group defines another entity as a subsidiary when
it:
\u2022 has the power to make decisions concerning the
investee entity;
\u2022 is entitled to receive a share of or is exposed to the
variable profits and losses of the investee entity;
\u2022 is able to exercise power over the investee entity in
such a way as to affect the amount of its economic
returns.
The Group reassesses whether or not it controls an
investee if facts and circumstances indicate that there
are changes to one or more of the three elements of
control listed above.
Figures relating to subsidiaries are included in the
consolidated financial statements, based on uniform
accounting policies, from the date on which the
Company assumes direct or indirect control over them
until the date on which said control ceases to exist. The
assets, liabilities, income and expenses of consolidated
companies are fully incorporated line-by-line in the
consolidated Financial Statements (full consolidation
method).
Unrealised gains from transactions between
consolidated companies are derecognised, as are
receivables, payables, income, expenses, guarantees,
commitments and risks between consolidated
companies. The portion pertaining to the Group of
unrealised gains with companies valued using the
equity method is derecognised. In both cases,
intragroup losses are not derecognised because they
are considered to represent the impairment loss on the
transferred asset.
Changes in equity investments held directly or
indirectly by the Company in subsidiaries that do not
\"\"
result in a change in the qualification of the investment
as a subsidiary are recorded directly in equity as
transactions with shareholders. The book value of the
equity attributable to Parent company shareholders
and non-controlling interests are adjusted to reflect
the change in the equity investment ownership. The
difference between the book value of non-controlling
interests and the fair value of the consideration paid or
received is recorded directly under equity attributable
to Parent company shareholders.
Otherwise, the selling of interests entailing loss of
control requires the posting to the income statement
of: (i) any capital gains or losses calculated as the
difference between the consideration received and the
corresponding portion of shareholders\u2019 equity
transferred; (ii) the effect of the alignment to the fair
value of any residual equity investment maintained; (iii)
any amounts posted to other components in the
comprehensive income statement relating to the
former subsidiary that will be reclassified to the income
statement. The fair value of any equity investment
maintained at the date of loss of control represents
the new reference value for the successive valuation of
the equity investment according to the applicable
valuation criteria.
Associates and joint ventures accounted for
using the equity method
An associate is an investee in which the Group has
significant influence, i.e., the power to participate in
determining the financial and operating policies of
the associate company, without, however, having
control or joint control over it 163. The investor is
presumed to have significant influence (unless the
contrary can be proven) if it owns, directly or
indirectly through subsidiaries, at least 20% of the
exercisable voting rights.
A joint venture is a joint arrangement in which the
parties that hold this control have rights to the net
assets subject to the arrangement and, therefore, have
an interest in the jointly controlled corporate vehicle.
Equity investments in associates and joint ventures are
measured using the equity method, whereby the
investments are initially recognised at cost and
subsequently adjusted to take account of:
i. the investor\u2019s share in the economic results of the
investee after the acquisition date;
ii. the investor\u2019s share of the other components in the
comprehensive income statement of the investee.
Dividends distributed by the investee are recognised
net of the book value of the equity investment. For the
purposes of applying the equity method, the
adjustments provided for the consolidation process are
taken into account (see also the previous point on fully
consolidated subsidiaries).
In the case of an associate relationship (or joint control)
the cost of the investment is measured, in subsequent
stages, as the sum of the fair values of the previously
held interests and the fair value of the consideration
transferred at the date the investment qualifies as an
associate (or as jointly controlled). The effect of
revaluing the book value of equity interests held prior
to the assumption of the association (or joint control) is
recognised in Other Comprehensive Income (OCI) or in
profit or loss, depending on whether the equity
interest is measured at fair value through other
comprehensive income, or at fair value through profit
or loss.
The sale of the investment that results in loss of joint
control or significant influence over the investee
determines the recognition of the following in the
income statement: (i) any capital gains or losses
calculated as the difference between the consideration
received and the corresponding fraction of the book
value of the investment sold; (ii) the effect of the
alignment to the fair value of any residual equity
investment maintained; (iii) any amounts posted to
other components in the comprehensive income
statement relating to the investee entity that will be
reclassified to the income statement. The value of any
equity investment maintained, aligned with the relative
fair value at the date of loss of joint control or
significant influence, represents the new reference
value for the successive valuation according to the
applicable valuation criteria.
If there is objective evidence of impairment, the Group
performs an impairment test by comparing the book
value with the relative recoverable value, recording this
difference in the income statement under 'Share of
profit or loss of investments accounted for using the
equity method'. In the event that the Group's share of
the loss exceeds the book value of the investment, the
latter is written off and any excess is recognised in a
special provision, if the investor is obliged to fulfil legal
or implicit obligations of the investee company or
otherwise cover its losses. When the reasons for the
impairment losses no longer apply, equity investments
are revalued up to the amount of the impairment
losses entered, with the effect posted to the income
statement under the above item.
Business combinations
Business combinations are transactions with which the
group acquires control of a business. To determine
whether a particular set of acquired assets and
activities meets the definition of a \u2018business\u2019, the Group
examines whether that set consists, at least, of inputs
and processes applied to those inputs that have the
ability to create outputs.
Business combinations are accounted for by applying
the acquisition method, whereby the consideration
transferred at the date of acquisition of control is
equal to the fair value of the assets transferred, the
liabilities incurred or taken on, and any equity
instruments issued.
The consideration transferred also includes the current
value of any deferred fixed payments and the fair value
of any contingent considerations (e.g earn-outs). If the
contingent consideration meets the definition of an
equity instrument, it is classified as shareholders\u2019
equity and is not measured thereafter. Other
contingent considerations are recognised as a liabilities
and are measured at fair value at each financial year-
end; changes in fair value are recognised in the income
statement.
Costs directly attributable to the transaction, other
than those related to the issue of debt or equity
instruments, are recognised in the income statement
when they are incurred.
The shareholders\u2019 equity of these associate companies
is determined by attributing to each asset and liability
its fair value at the date of acquisition of control. If
positive, any difference from the consideration
transferred is posted to the asset item \u2018Goodwill\u2019; if
negative, it is posted instead to the income statement.
Where total control is not acquired, the share of equity
attributable to non-controlling interests is determined
based on the share of the current values attributed to
assets and liabilities at the date of acquisition of
control, net of any goodwill (the \u2018partial goodwill
method\u2019). Alternatively, the full amount of the goodwill
generated by the acquisition is recognised, therefore
also taking into account the portion attributable to
non-controlling interests (the \u2018full goodwill method\u2019);
In this case, non-controlling interests are expressed at
their total fair value, including the attributable share of
goodwill. The choice of how to determine goodwill
(Partial goodwill method or full goodwill method) is
based on each individual business combination
transaction.
If control is assumed in successive stages, the
consideration transferred is determined by adding
together the fair value of the equity investment
previously held in the acquired company and the
amount paid to acquire the additional equity
investment. The difference between the fair value of
the previously held equity investment (redetermined at
the time of acquisition of control) and the relative book
value is posted to the income statement. Upon
acquisition of control, any components previously
recognised under other components in the
comprehensive income statement are posted to the
income statement or to another item of shareholders\u2019
equity, if no provisions are made for classification in
the income statement.
When the values of the assets and liabilities of the
acquired entity are determined provisionally in the
financial year in which the business combination is
concluded, the figures recorded are adjusted, with
retroactive effect, no later than 12 months after the
acquisition date, to take into account new information
about facts and circumstances in existence at the
acquisition date.
Business combinations involving entities
under joint control
Business combinations involving companies that are
definitively controlled by the same company or
companies before and after the transaction, and where
such control is not temporary, are classed as \u2018Business
combinations of entities under common control\u2019,
whose accounting is not specifically disclosed in IFRS. In
the absence of a reference accounting standard, the
selection of an accounting standard for such
transactions, for which a significant influence on future
cash flows cannot be established, is guided by the
principle of prudence, which leads to the application of
the criterion of continuity of values of the net assets
acquired. The assets are measured at the book values
from the financial statements of the companies being
acquired (or the vendor company) before the
transaction or, alternatively, at the values from the
consolidated financial statements of the common
ultimate parent.
With regard in particular to the above transactions,
relative to the sale of a business, the treatment of the
difference between the contractually defined
consideration and the carrying amounts of the
transferred business is differentiated depending on
the entities involved in the transfer.
With regard to contributions involving businesses
under common control, on the other hand, irrespective
of the pre-existing investment relationship, the
transferee entity recognises the transferred business
at its historical carrying value, increasing its own
shareholders\u2019 equity by an equal amount; the
transferring entity shall recognise the investment in
the transferee entity at an amount equal to the
increase in the latter\u2019s shareholders\u2019 equity. This
accounting treatment refers to the proposal by Assirevi
in the Preliminary Guidelines on IFRS (OPI No. 1
Revised) - \u2018Accounting treatment of business
combinations of entities under common control in the
separate and consolidated financial statements\u2019 issued
in October 2016.
Accounting treatment of put options written
on the shares of subsidiaries
Therefore, if the Group does not have the
unconditional right to avoid delivery of cash or other
financial instruments when a put option on shares in
subsidiaries is exercised, a financial liability equal to the
current value of the option exercise price is recognised
and subsequent changes in the financial liability are
recognised in the income statement. The same
accounting treatment is applicable when, in addition to
a put option, there is also the simultaneous presence
of a symmetrical call option, the so-called \u2018symmetrical
put and call options related to non-controlling
interest\u2019.
Snam considers that shares subject to put options (or
symmetrical put and call options) have already been
acquired by the Group, in cases where the economic
benefits and risks associated with the actual ownership
of the shares do not remain with the minority
shareholders; therefore, in such circumstances, it does
not recognise non-controlling interests in the
consolidated financial statements.
5.2\u00a0 Property, plant and equipment
Recognition and measurement
Property, plant and equipment are measured at cost,
less accumulated depreciation and impairment losses.
When a significant period of time is needed before the
asset is ready for use, financial expenses incurred
during the asset preparation period are also capitalised
in the cost of the asset.
If there are current obligations for the
decommissioning and removal of assets and
restoration of the sites, the book value includes the
estimated (discounted) costs to be incurred at the time
that the structures are decommissioned, recognised as
a contra-entry to a specific provision. The accounting
treatment for revisions in these cost estimates, the
passage of time and the discount rate are indicated in
the Note 5.9 \u2018Provisions for risks and charges,
contingent liabilities and contingent assets\u2019.
Subsequent costs of improvements, upgrades and
transformations to/of property, plant and equipment
are capitalised when it is likely that they will increase
the future economic benefits expected. Costs are also
capitalised when related to items purchased for
security or environmental reasons which, although not
directly improving the future economic benefits of
existing assets, are necessary to carry out the
company\u2019s operations.
\"\"
Property, plant and equipment includes:
i. with regard to natural gas transportation, the value
relating to the quantities of natural gas injected to
bring natural gas pipelines into service. The
valuation is carried out using the weighted average
purchase price method. Specifically, the component
of this quantity that can no longer be extracted
(the \u2018initial line pack\u2019) is depreciated over the useful
life of the plant to which it refers. On the contrary,
the commercial component, which is eventually
transferable to the market or can be put to
alternative uses (the so-called \u2018Operating line
pack\u2019), is not subject to depreciation, since by its
nature it cannot depreciate;
ii. in the context of natural gas storage, the part of
the gas injected into the storage wells as cushion
gas.
Recognition and measurement of leased
assets
A contract is or contains a lease if it gives an entity the
right to control the use of an identified asset for a
certain period of time in exchange for a fee. For all
leases with a term of more than 12 months and
relating to assets that do not have a low value 164 , an
asset is recognised in the balance sheet on the
effective date, i.e. when the asset is made available for
use (i) within the item property, plant and equipment,
which is representative of the right to use the asset,
and (ii) a financial liability is recognised, which is
representative of the obligation to make the payments
under the contract.
In determining the duration of the lease, the group
considers the non-cancellable period of the contract
and, when it believes there is reasonable certainty, also
the additional periods for the exercise of renewal
options or the non-exercise of early termination
options provided in the contract.
Liabilities for leases are recognised initially at an
amount equal to the current value of the following
lease payments not yet made at the lease
commencement date:
(i) fixed (or substantially fixed) payments, net of any
incentives to be received;
(ii) variable payments that depend on trends in rates or
indices;
(iii) estimated future payments for any residual value
guarantees, for the exercise of the purchase option and
for any penalties related to the early termination of the
contract, if the group considers the exercise of such
options to be reasonably certain.
The current value of the payments is calculated using a
discount rate equal to the group\u2019s marginal borrowing
rate taking into account the frequency and duration of
payments under the lease agreement.
Subsequent to initial recognition, the lease liability is
measured at amortised cost and is redetermined, against
the book value of the right-of-use asset, when there is a
change in the lease payments due as a result of:
(i) contract renegotiations;
(ii) changes in rates or indices; or
(iii) changes in measurement made regarding the
exercise of contractually-provided options (e.g.
purchase of the leased asset or the extension or
early termination of the contract). The right-of-use
asset is initially recognised at cost, determined as
the sum of the following components: the initial
amount of the finance lease liability; the initial
direct costs incurred by the lessee; any payments
made on or before the lease commencement date,
net of any incentives received by the lessor; and the
best estimate of the costs that the group expects
to incur for the decommissioning and removal of
the asset as well as the eventual reclamation of the
site (i.e. the costs to restore the asset to its
contractual condition). After the initial recognition,
the right-of-use asset is adjusted to take account of:
depreciation and amortization expense; of any
impairment losses and the related effects and any
restatements of the financial lease liability.
Depreciation of property, plant and
equipment
Starting when the asset is available and ready for use,
owned and leased property, plant and equipment is
systematically depreciated on a straight-line basis over
its useful life, defined as the period of time in which it
is expected that the company may use the asset. The
amount to be depreciated is the book value, reduced
by the projected net realisable value at the end of the
asset\u2019s useful life, if this is significant and can be
reasonably determined.
\"\"
The table below shows the annual depreciation rates used for the year in question, broken down into homogeneous
categories, together with the relevant period of application 165:
Annual economic-technical depreciation rate (%)
Land
not depreciated
Buildings
2 or higher depending on the residual useful life
Plant and machinery \u2013 Transportation
- Gas pipelines
2 or higher depending on the residual useful life
- Compression plants
5 or higher depending on the residual useful life
- Gas reduction and regulation plants
5 or higher depending on the residual useful life
- Radio links
25
- Monitoring and control instruments and systems
10 or higher depending on the residual useful life
Plant and machinery \u2013 Storage
- Pipelines
2
- Treatment plants
4
- Compression plants
5
- Storage wells
1.66
- Monitoring and control instruments and systems
10 or higher depending on the residual useful life
Plant and machinery \u2013 regasification
- Regasification plants
4 or higher depending on the residual useful life
- Tanks and oil pipelines
4 or higher depending on the residual useful life
Plant and machinery - Biogas/Biomethane
- AGRI biogas/biomethane plants
3.7
- WASTE biogas/biomethane plants
4
Plant and machinery - Energy efficiency
- Energy efficiency plants
5-10
Other plant and equipment
2.5-12.5
Other assets
- Centralised IT infrastructures
20
- Measuring equipment
5-10
Industrial and Commercial Equipment
10-35
Rights of use for leased assets
< between the economic-technical life and contract duration
When an item recorded under property, plant and equipment consists of several significant components with
different useful lives, a component approach is adopted, whereby each individual component depreciates
separately.
5.3\u00a0 Intangible assets and goodwill
Recognition and measurement of intangible assets and goodwill
Intangible assets are those non monetary assets without identifiable physical form, are controlled by the group and
are capable of generating future economic benefits. They are recognised at cost net of amortization and any
accumulated impairment losses.
Goodwill arising from the acquisition of subsidiaries is measured at cost less impairment losses.
Technical development costs are capitalised as intangible assets when: (i) the cost attributable to the intangible
asset may be reliably determined; (ii) there is the intention, availability of financial resources and technical capacity
to make the asset available for use or sale; and (iii) it can be shown that the asset is capable of producing future
economic benefits.
Alternatively, costs for the acquisition of new knowledge or discoveries, investigations into products or alternative
processes, new techniques or models, or the design and construction of prototypes, or incurred for other scientific
research or technological developments, which do not meet the conditions for capitalisation are considered current
costs and charged to the income statement for the period in which they are incurred.
The book value of the storage concessions, which represents the reserves of natural gas in the fields (so-called
cushion gas), which does not undergo depreciation, as:
(i) the volume of this gas is not changed by the storage activity;
(ii) the economic value of the gas that can be recovered at the end of the concession, in accordance with the
provisions of the Ministerial Decree of 3 November 2005 \u2018Criteria for determining an adequate consideration for
the remuneration of assets allocated to a concessionaire for the storage of natural gas\u2019 of the Ministry of
Productive Activities (MAP), is not less than the value recorded in the financial statements.
Amortization of intangible assets with a finite useful life
Intangible assets with a finite useful life are amortised systematically over their useful life, which is understood to
be the period of time in which it is expected that the company may use the asset.
The table below shows the annual depreciation rates used for the year in question, broken down into homogeneous
categories, together with the relevant period of application:
Annual economic-technical depreciation rate (%)
Storage concessions
not depreciated: the residual value is greater than the book value
Information systems
20-33
Other intangible assets
20 or depending on the duration of the contract
5.4\u00a0 Public and private grants
Capital grants given by public authorities are recognised when there is reasonable certainty that the conditions
imposed by the granting government agencies for their allocation will be met, and they are recognised as a
reduction to the purchase or production cost of their related assets. Similarly, capital grants received from private
entities are recognised in accordance with the same regulatory provisions.
Operating grants are recognised in the income statement on an accruals basis, consistent with the relative costs
incurred.
5.5\u00a0 Impairment of non-financial assets
Impairment of property, plant and equipment and intangible assets with a finite useful life.
At least once a year, non-financial, PPE and intangible assets with a finite useful life are analysed to uncover any
indicators of impairment.
When there are indications that an impairment loss may exist or when events occur leading to the assumption of
impairment of property, plant and equipment or intangible assets with a finite useful life, their recoverability is
tested by comparing the book value with the related recoverable value, which is the fair value, net of disposal
costs(see paragraph 5.8 \u2018Significant accounting policies - Measurement at fair value\u2019), or the value in use, whichever
is greater.
The valuation is made on a per-asset basis or for the smallest identifiable set of assets that, through ongoing use,
generates cash inflows largely independent of those of other assets or groups of assets (Cash Generating Unit -
CGU).
The recoverable amount, in the value in use configuration, is determined by discounting projected cash flows
resulting from the use of the asset and, if they are significant and can be reasonably determined, from its sale at the
end of its useful life, net of any disposal costs.
This methodology is applied for the Biomethane Agri, Biomethane Waste, Greenture and ITG CGUs, as well as for
the Energy Efficiency CGU grouping.
With reference to the Transportation (Snam Rete Gas), Regasification (FSRU Piombino and LNG) and Storage
(Stogit) CGUs, the recoverable value was defined as corresponding to the estimated value of the Net Invested
Capital recognised to these assets for tariff purposes (RAB - Regulatory Asset Base) by ARERA, the energy regulator,
including lump-sum net working capital, net of adjustment items, including employee severance indemnity, the
provision for decommissioning where applicable, and grants received.
Expected cash flows are determined on the basis of reasonable and documentable assumptions representing the
best estimate of the future economic conditions of the business or group of businesses, with greater weight given
to external indications. Discounting is done at a rate reflecting current market conditions for the time value of
money and specific risks of the asset not reflected in the estimated cash flows.
If the book value of the asset or CGU is greater than its recoverable amount, an impairment loss is recognised in the
income statement; a CGU\u2019s impairment losses are first recognised as a reduction in the book value of any goodwill (see
next point \u2018Impairment of goodwill and intangible assets not yet available for use\u2019) allocated to it and then as a reduction in
the book value of the other assets of the CGU, in proportion to their respective book values. The book value of each Cash
Generating Unit (or grouping of CGUs), consistently with the prevailing valuation practice, is equal to the respective Net
Invested Capital recorded at the level of Snam\u2019s consolidated financial statements at the reference date for carrying out
the impairment test.
If the conditions for a previously effected impairment no longer apply, the book value of the asset (except for
goodwill) is restored with recognition in the income statement (recovery of value), within the limits of the net book
value that the asset in question would have had if the impairment had not been carried out and any related
amortization had been carried out.\u00a0 \u00a0
If certain specific assets owned by the Group are affected by unfavourable conditions of an operational or economic
nature, such that their ability to contribute to the realisation of cash flows is impaired, they may be subject to an
independent recoverability analysis and, if necessary, written down.
\"\"
Impairment of goodwill and intangible assets
not yet available for use
The recoverability of the book value of goodwill and
intangible assets not yet available for use is tested at
least annually, and in any case when events occur
leading to an assumption of impairment.
Pursuant to the provisions of IFRS 3, in the context of
business combinations, the acquirer, at the acquisition
date, recognises all assets, liabilities and identifiable
contingent liabilities under the acquisition at their fair
values and any residual difference with respect to the
acquisition cost, if positive, is recognised under
Goodwill; if negative, it is recognised in the income
statement.
For the purpose of impairment testing, goodwill is
allocated, as of the acquisition date, to each Cash
Generating Unit, or grouping of CGUs, that is expected
to benefit from the synergies of the combination.
After its initial recognition, goodwill is not amortised
but is instead subject to a recoverability test at least
annually by determining the recoverable value of the
CGU or group of CGUs to which it is allocated
(following the procedures described in the note
\u2018Impairment of PPE and intangible assets of finite
useful life\u2019); this is then compared to the book value of
the CGU itself (or group of CGUs). The book value of
each Cash Generating Unit (or grouping of CGUs),
consistently with the prevailing valuation practice, is
equal to the respective Net Invested Capital recorded
at the level of Snam\u2019s consolidated financial
statements at the reference date for carrying out the
impairment test.
When the book value of the CGU (or group of CGUs),
including the goodwill attributed to it, exceeds the
recoverable value, the difference is subject to
impairment, which is attributed by priority to the
goodwill up to its amount; any surplus in the
impairment with respect to the goodwill is attributed
pro rata to the book value of the assets constituting
the CGU (or group of CGUs). Goodwill write-downs are
not reversed, even if the reasons for the write-down no
longer apply in subsequent years.
Reduction in value of investments
In the presence of indications of impairment, or when
events occur that lead to a presumed reduction in the
value of investments, their recoverability is verified by
comparing the book value with the relative recoverable
value, represented by the greater of the fair value, net
of disposal costs (see section 5.8 'Significant
accounting policies - Fair Value Measurements'), and
the value in use, determined through the application of
the Dividend Discount Model (DDM) or the Discounted
Cash Flow 166 (DCF) method (the present value of
expected cash flows is determined as indicated in the
previous section 'Impairment of property, plant and
equipment and intangible assets with a finite useful
life'). The application of the Dividend Discount Model
(DDM) provides that the recoverable value, in the
configuration of the value in use, is determined by
discounting the expected dividend flows on the basis
of the forecast plans of the investee companies drawn
up according to reasonable and documentable
assumptions, discounted at the cost of the capital
(\u201cKe\u201d) which includes any specific risks not reflected in
the estimated cash flows.
5.6\u00a0 Inventories
Inventories, including compulsory inventories, are
recorded at the lower of purchase or production cost
and net realizable value, which is the amount that the
entity expects to receive from their sale in the normal
course of business, net of the estimated costs for the
completion and the realisation of the sale.
The cost of natural gas inventories is determined using
the weighted average cost method.
It should be noted that any transactions involving
strategic gas, which are subject to prior authorisation
by the Italian Ministry of Enterprises and Made in Italy
(MiMIT), entail a withdrawal and subsequent
replenishment of the quantities of gas from the
strategic reserve, not resulting in any movement of the
stock 167.\u00a0
5.7\u00a0 Financial instruments
Non-derivative financial assets - cash and cash
equivalents
Cash and cash equivalents include cash amounts, on
demand deposits, and other short-term financial assets
with a term of less than three months, or convertible
into cash within that period, and subject to an
insignificant risk of change in value. They are recorded
at nominal value, corresponding to the fair value.
Non-derivative financial assets - receivables
and debt securities
Debt securities held by the group consist mainly of
trade receivables, financial receivables and other
receivables.
Initial recognition is at fair value, except for trade
receivables without a significant financial component,
whose initial recognition value is the transaction price
as defined by IFRS 15.
Subsequent to initial recognition, financial assets
represented by debt securities are measured on the
basis of both the following:
\u2022 the business model identified for the management
of financial assets (the so-called \u2018Business Model\u2019);
\u2022 the characteristics relating to the contractual cash
flows of the financial asset, i.e., whether the cash
flows generated by the financial asset consist solely
of principal payments and accrued interest on the
amount of principal to be repaid (the so-called
\u2018Solely Payments of Principal and Interest\u2019 or SPPI).\u00a0
Debt securities represented by trade and financial
receivables are held for the purpose of collecting their
contractual cash flows (the so-called \u2018Hold To Collect
Business Model\u2019). Therefore, if, on the basis of the type
of instrument and contractual characteristics, these
financial assets generate contractual cash flows
representing only principal and interest payments, they
are subsequently measured at amortised cost. Instead,
financial assets whose cash flows do not meet SPPI
requirements are classified and measured at fair value
through profit or loss (so-called FVTPL).
In contrast, receivables from invoice rebates to
customers in the energy efficiency business (so-called
\u2018Ecobonus\u2019 and \u2018Superbonus\u2019 credits) - and which are
converted into tax credits - if held with the objective of
realizing cash flows through sale (so-called \u2018Other\u2019
Business Model) are measured at fair value with the
effects recognised in profit or loss (so-called FVTPL).
The rationale behind the determination of fair value is
explained in Note 5.8 \u2018Significant accounting policies\u2019 -
\u2018Fair value measurement\u2019 respectively.
According to the amortised cost method the initial
book value is then adjusted to account for repayments
of principal, any impairments for credit losses and the
amortization of the difference between the repayment
amount and the initial book value.
Amortization is carried out using the effective internal
interest rate, which represents the rate that would
make the present value of projected cash flows and the
initial recognition value equal at the time of the initial
recording.
Financial assets measured at amortised cost are
presented in the statement of financial position net of
the related provision for impairment.
In order to measure expected losses (so-called
\u2018Expected Credit Losses\u2019 or \u2018ECL\u2019), trade receivables are
measured using the so-called \u2018simplified approach\u2019
provided for by IFRS 9, or - due to the absence of a
significant financial component - by estimating
expected losses over the life of the receivable (so-
called \u2018Lifetime ECL\u2019).
The assessment of the recoverability of trade
receivables is made on both an individual and collective
basis depending on the type of asset and counterparty
and also whether there is reasonable and
demonstrable information useful to make an
assessment at the individual instrument level.
In particular, for trade receivables arising from
regulated activities, which currently represent a
significant part of receivables, the measurement of
expected losses enhances the hedging and guarantee
mechanisms established by the Authority, the Codes,
and existing contractual agreements that are capable
of significantly reducing the risks arising from possible
customer default. For more details, see Note 26.3
'Financial Risk Management' - 'Credit Risk'.
For trade receivables related to unregulated activities,
the group applies a specific definition of default,
determined by taking into account the characteristics
of the operating segments to which the subsidiaries
belong as well as the riskiness of the receivables and
customers being assessed. Therefore, beyond the time
limit of default, trade receivables are assumed to be
impaired (i.e. credit-impaired).
In particular, expected losses are generally determined
on the basis of the product between:
i. the amount of the exposure to the counterparty at
the time of default (the so-called \u2018Exposure At
Default' or \u2018EAD\u2019);
ii. the probability that the counterparty will default on
its payment obligations (the so-called \u2018Probability of
Default\u2019 or \u2018PD\u2019);
iii. the estimate, in percentage terms, of the amount
of credit that will not be recovered in the event of
default (the so-called \u2018Loss Given Default' or \u2018LGD\u2019).
With regard to the ECL parameters listed above, the
group considers the following assumptions:
i. PD is determined according to the type of
counterparty on the basis of:
\u2022 qualified external providers (e.g. for listed
companies);
\u2022 regional ratings (e.g. for public administration)
by leading rating agencies;
\u2022 average default rate calculated for groups of
customers broken down by common credit risk
(so-called 'cluster') considering historical data
over a period of at least 24 months;
ii. the LGD is obtained on the basis of market
standards that assess the recovery rate of the
exposure depending on the region and sector of
the counterparty (e.g. corporate, government and
retail);
iii. the EAD is determined to be equal to the face value
of the claim at the valuation date, less any related
mitigating factors, including any guarantee
received.
In the case of credit exposures in litigation and where
detailed information is available on the recoverability
of the exposure, analytical assessments are performed
in order to better reflect the actual riskiness of the
position in the determination of expected losses. The
exposures for which credit recovery actions have been
activated through legal/ court proceedings are defined
as litigation.
Impairment of trade receivable and other receivables is
recognised in the income statement, net of any write-
backs, under the item \u2018Other operating expenses\u2019.
Transferred financial assets are derecognised from the
balance sheet assets when the contractual rights to
obtain the cash flows associated with the financial
instrument expire, or all risks and rewards associated
with the transferred receivable are transferred to a
third party in accordance with the guidance on
derecognition of financial assets set forth in IFRS 9.
Non-derivative financial assets - minority
investments
Financial assets representing minority investments, as
they are not held for trading purposes, are measured
at fair value alternatively with recognition of the
effects: (i) in the income statement (so-called fair value
measurement recognized in the income statement or
FVTPL) or (ii) in the equity reserve that holds the other
components of comprehensive income, without
provision for their reclassification to the income
statement in the event of realization (so-called fair
value measurement recognized in the statement of
comprehensive income or FVTOCI).
This classification can be made on a security-by-security
basis, only upon initial recognition, and is irrevocable.
Dividends, from profits or profit reserves, from these
equity investments are recognised in the income
statement under 'Income (expenses) from equity
investments'. Valuation at cost of a minority
investment is permitted in the limited cases where cost
represents an adequate estimate of fair value.
Financial liabilities
Financial liabilities, unlike derivative instruments,
including financial payables, trade payables and other
payables, are initially recorded at fair value less any
transaction-related costs; they are subsequently
recognised at amortised cost using the effective
interest rate for discounting purposes, as
demonstrated in the previous point \u2018Non-derivative
financial assets - debt securities\u2019.
Financial liabilities are derecognized upon
extinguishment or upon fulfilment, cancellation or
maturity of the contractual obligation.
Offsetting of financial assets and liabilities
Financial assets and liabilities are offset in the
statement of financial position when there is a
currently legally enforceable right to set-off and the
intention either to settle the relationship on a net basis
(i.e. to realise the asset and settle the liability
simultaneously).
Financial derivatives and hedge accounting
Financial derivatives, including embedded derivatives,
are assets and liabilities recognised at fair value. Under
the scope of the strategy and objectives defined for
risk management, the qualification of transactions as
hedging requires: (i) the verification of the existence of
an economic relationship between the object hedged
and the hedging instrument for the purpose of
offsetting the changes in value and ensuring this
offsetting capacity is not invalidated by the level of
counterparty credit risk; (ii) the definition of a hedge
ratio \u00a0consistent with the risk management objectives,
under the scope of the risk management strategy
defined, where necessary activating the appropriate
rebalancing \u00a0actions. The amendments of the risk
management objectives, the disappearance of the
conditions indicated previously for the qualification of
transactions as hedging\u00a0or the activation of
rebalancing operations cause the total or partial
prospective discontinuation of the hedge.
In order to qualify a transaction as a hedge, at the start
of the hedge a formal document is prepared that
illustrates the strategies and objectives of the risk
management and identifies the hedging instrument,
the instrument hedged, the nature of the risk hedged
and the methods through which the evaluation of
whether the hedge relationship satisfies the hedge
effectiveness requirements takes place.
When hedging derivatives hedge the risk of changes in
the fair value of the hedged instruments (\u2018fair value
hedge\u2019; e.g. hedge of the risk of fluctuations in the fair
value of fixed-rate assets/liabilities), the derivatives are
recognised at fair value with attribution of the effects
on the income statement; by the same token, the
hedged instruments are adjusted to reflect in the
income statement the changes in fair value associated
with the hedged risk, regardless of the provision of a
different valuation criterion generally applicable to the
instrument type.
The group subscribes to derivative instruments to
cover the risk of changes in cash flows (cash flow
hedges) as a result of fluctuations in interest rate or
exchange rates. Changes in the fair value of hedging
derivatives considered effective are initially recognised
in the shareholders\u2019 equity reserve relating to other
components in the comprehensive income statement
and are subsequently reclassified to profit or loss in
line with the economic effects produced by the hedged
transaction. In the case of hedging future transactions
that involve the recording of a non-financial asset or
liability, the cumulative variations of the fair value of
the hedge derivatives, recognised in shareholders\u2019
equity, are recognised in the adjustment of the book
value of the non-financial asset/liability subject to
hedging (basis adjustment).
The ineffective portion of the hedge and the changes
in the fair value of derivatives that do not meet the
qualifying conditions for hedging are recognised in the
income statement.
Treasury shares
Treasury shares, including those held to service share-
based payment plans (share incentive plans), are
measured at cost and entered as a reduction of
shareholders\u2019 equity. The economic effects arising
from any subsequent sales are recognised in
shareholders\u2019 equity.
Distribution of dividends
The distribution of dividends to the Company\u2019s
shareholders entails the recording of a payable in the
financial statements for the period in which
distribution was approved by the Company\u2019s
shareholders or, in the case of interim dividends, by the
Board of Directors.
5.8\u00a0 Fair value measurement
The fair value is the amount that may be received for
the sale of an asset or that may be paid for the transfer
of a liability in a regular transaction between market
operators as at the valuation date (i.e. exit price).
The fair value of an asset or liability is determined by
adopting the valuations that market operators would
use to determine the price of the asset or liability. A
fair value measurement also assumes that the asset or
liability would be traded on the main market or, failing
that, on the most advantageous market to which the
Company has access.
The fair value of a non-financial asset is determined by
considering the ability of market participants to
generate economic benefits by deploying that asset to
its highest and best use, or by selling it to another
market participant who can use it to maximise its value.
The maximum and best use of an asset is determined
from the perspective of market operators, also
hypothesising that the company intends to put it to a
different use; the current use by the company of a non-
financial asset is assumed to be the maximum and best
use of this asset, unless the market or other factors
suggest that a different use by market operators
would maximise its value.
The fair-value measurement of a financial or
nonfinancial liability, or of an equity instrument, takes
into account the quoted price for the transfer of an
identical or similar liability or equity instrument; if this
quoted price is not available, the valuation of a
corresponding asset held by a market operator as at
the valuation date is taken into account. The fair value
of financial instruments is determined by taking into
account the credit risk of the counterparty of a
financial asset (the so-called \u2018Credit Valuation
Adjustment\u2019 (CVA) and the risk of default, by the entity
itself, with respect to a financial liability (the so-called
\u2018Debit Valuation Adjustment\u2019 - DVA).
When determining fair value, a hierarchy is set out
consisting of criteria based on the origin, type and
quality of the information used in the calculation. This
classification aims to establish a hierarchy in terms of
the reliability of the fair value, giving precedence to the
use of parameters that can be observed on the market
and that reflect the assumptions that market
participants would use when valuing the asset/liability.
The fair value hierarchy includes the following levels:
\u2022 level 1: listed prices (unadjusted) in active markets
for identical assets or liabilities that the reporting
entity has the ability to access at the measurement
date;
\u2022 level 2: inputs, other than the quoted prices
included in Level 1, that can be directly or indirectly
observed for the assets or liabilities to be valued;
\u2022 level 3: inputs for assets or liabilities that are not
based on observable market data.
In the absence of available market quotations, the fair
value is determined by using valuation techniques
suitable for each individual case that maximise the use
of significant observable inputs, whilst minimising the
use of non-observable inputs.
5.9\u00a0 Provision for risks and charges,
contingent liabilities and contingent
assets
Provisions for risks and charges concern costs and
charges of a certain nature which are certain or likely to
be incurred, but for which the amount or date of
occurrence cannot be determined at the end of the
year.
The provisions are recognised when: (i) the existence of a
current legal or implied obligation arising from a past
event is probable; (ii) it is probable that the fulfilment of
the obligation will involve a cost; (iii) the amount of the
obligation can be reliably determined. Provisions are
recognised at the value representing the best estimate of
the amount that the organisation would rationally pay to
settle the obligation or to transfer it to a third party at the
end of the reporting period; provisions relating to onerous
contracts are recognised at the lower of the cost of
fulfilling the obligation, net of the expected economic
benefits arising from the contract, and the cost of
terminating the contract.
When the financial impact of time is significant, and the
payment dates of the obligations can be reliably
estimated, the provision is calculated by discounting
the anticipated cash flows in consideration of the risks
associated with the obligation at the Company\u2019s
average debt rate; the increase in the provision due to
the passing of time is posted to the income statement
under \u2018Financial income (expense)\u2019.
When the liability is related to items of property, plant
and equipment (e.g. decommissioning and site
restoration), the provision is recognised as a contra-
entry to the related asset, and charged to the income
statement through depreciation.
The costs that the company expects to incur to initiate
restructuring programmes are recognised in the period
in which the programme is formally defined, and the
parties concerned have a valid expectation that the
restructuring will take place.
Provisions are periodically updated to reflect changes
in cost estimates, realisation times and the discount
rate; revisions in provision estimates are allocated to
the same item of the income statement where the
provision was previously reported or, when the liability
is related to property, plant and equipment (e.g.
decommissioning and site restoration), as a contra-
entry to the related asset, up to the book value; any
surplus is posted to the income statement.
The notes to the financial statements describe
contingent liabilities represented by: (i) possible (but
not probable) obligations resulting from past events,
the existence of which will be confirmed only if one or
more future uncertain events occur which are partially
or fully outside the Company\u2019s control; (ii) current
obligations resulting from past events, the amount of
which cannot be reliably estimated, or the fulfilment of
which is not likely to involve costs.
Contingent assets, or possible assets that result from
past events and whose existence will only be
confirmed when one or more uncertain future events,
not totally under the control of the business, occur or
do not occur, are not recognised unless obtaining the
related benefits is virtually certain. If obtaining the
benefits is probable, the contingent assets are
illustrated in the notes to the financial statements.
5.10\u00a0 Non-current assets held for sale
and discontinued operations
Non-current assets or disposal groups consisting of assets
and liabilities are classified as held for sale if their book
value will be recovered mainly by their sale rather than
through continued use. This condition is regarded as
fulfilled when the sale is highly probable and the asset or
discontinued operations are available for immediate sale
in their current condition. When there is a plan to sell a
subsidiary that results in the loss of control, all of the
assets and liabilities of that investee are classified as held
for sale, regardless of whether a non-controlling interest is
retained after the sale. Verification of compliance with the
conditions for classifying an item as intended for sale
entails management making subjective assessments by
making reasonable and realistic assumptions based on
available information.
Immediately prior to classification as held for sale, the
assets and liabilities included in a disposal group are
measured in accordance with the accounting standards
applicable to them. Subsequently, non-current assets
held for sale are not amortised or depreciated and are
measured at the lower of book value and related fair
value, less any sales costs (see section 5.8 \u2018Accounting
policies - Fair-value measurements\u2019 above).
The classification of investments accounted for using the
equity method as held for sale implies the suspension of
the application of this valuation criterion. Any negative
difference between the book value of the non-current
assets and their fair value less selling costs is posted to the
income statement as an impairment loss; any subsequent
recoveries in value are recognised up to the amount of the
previously recognised impairment losses, including those
recognised prior to the asset being classified as held for
sale.
Non-current assets and disposal group-related assets
and liabilities held for sale are recognised in the
statement of financial position separately from the
group\u2019s other assets and liabilities.
Non-current assets and disposal groups, classified as
held for sale, constitute a discontinued operation if,
alternatively:
i. they represent a significant autonomous business
unit or a significant geographical area of
operations;
ii. they are part of a plan to dispose of a significant
autonomous business unit or a significant
geographical area of operations; or
iii. they relate to a subsidiary acquired exclusively to
be sold.
The economic results of discontinued operations, as
well as any capital gains/losses realised on the disposal,
are recorded separately in the Income Statement, net
of related tax effects, including for the comparative
periods.
When events occur that no longer permit non-current
assets or disposal groups to be classified as held for
sale, they are reclassified to the respective items in the
statement of financial position and recognised at the
lower of the following: the book value at the date of
classification as held for sale; and (ii) the recoverable
amount at the reclassification date.
5.11\u00a0 Revenues
Revenues are measured for the amount equal to the
fair value of the consideration which the business
believes it has the right to in exchange for the goods
and/or services promised to the customer, with the
exception of amounts collected on behalf of third-
parties. If there is a variable consideration, the business
estimates the amount of the consideration it shall have
the right to in exchange for the transfer of goods and/
or services promised to the customer; in particular, the
amount of the consideration may vary in the presence
of discounts, refunds, incentives, price concessions,
performance bonuses, penalties or if the price itself
depends on the occurrence or non-occurrence of
certain future events.
Revenues from the Snam Group's revenues from
ordinary operations mainly refer to services related to
transportation, dispatching and storage activities and
liquefied natural gas regasification, which are
recognised in the financial statements over the period
in which the service is rendered, whether 'regulated' or
'unregulated'.
The recognition of revenues for regulated services is
conditioned and influenced by the regulatory
framework defined by ARERA, the energy regulator,
therefore the economic conditions of the services
provided are defined through regulatory schemes and
not on a negotiation basis. Tariff revenues recognised
in the income statement coincide with those
recognised by the regulator (so-called 'revenue cap').
Within the Transportation business segment, the
revenues recognised in the income statement are
updated on the basis of the best estimate of the
benchmarks included in the ROSS-Base methodology
(Settlement by Objectives of Expenditure and Service).
Based on this methodology, the amount of revenue
allowed for each year will be defined by the end of the
year following the reporting year. Any difference
between the revenue recognised by the regulator and
the accrued revenue is recognised in the line item
\u2018Trade and other receivables\u2019, if positive, and in the line
item \u2018Trade and other payables\u2019, if negative, inasmuch
as it will be subject to cash settlement with the Energy
and Environmental Services Fund (CSEA).
In the Regasification and Storage segments any
difference between the revenue recognised by the
regulator and the accrued revenue is recognised in the
line item \u2018Trade and other receivables\u2019, if positive, and
in the line item \u2018Trade and other payables\u2019, if negative,
inasmuch as it will be subject to cash settlement with
the Energy and Environmental Services Fund (CSEA).
Non-regulated revenues mainly involve: (i) fees for the
construction of biogas and biomethane plants and for
the sale of biomethane and electricity; (ii) technical/
specialist services to unconsolidated foreign
companies; (iii) the provision of services relating to
energy efficiency projects; (iv) the sale of compressors
for the automotive sector - CNG and compression
services provided by refuelling stations. These
revenues are recognised over the period of service
provision.
With specific reference to the principle of neutrality
defined by applicable regulations, transactions carried
out on the balancing market generate neither costs nor
revenue, as they are mere pass-through items. Any
(positive or negative) differences from the usage of
different prices for the transactions above will be
neutralized by recognizing an asset or liability for CSEA,
given that these differences are equalized by the
latter.
5.12\u00a0 Employee benefits
Short-term employee benefits
Short-term benefits for employee are recognised as a
cost at the time when the service is rendered. The
Group recognises a liability, classified under \u2018Trade
payables and other payables\u2019 for the amount due to be
paid when it has a current legal or constructive
obligation to make such payments.
Post-employment benefits
Post-employment benefits are defined according to
programmes, including non- formalised programmes,
which, depending on their characteristics, are classed
as \u2018defined-benefit\u2019 or \u2018defined-contribution\u2019 plans.
Defined benefit plans
The liability associated with defined-benefit plans is
determined by estimating the present value of the
future benefits accrued by the employees during the
current year and in previous years, and by calculating
the fair value of any assets servicing the plan. The
present value of the obligations is determined based
on actuarial assumptions and is recognised on an
accruals basis consistent with the employment period
necessary to obtain the benefits.
Actuarial gains and losses relating to defined-benefit
plans arising from changes in actuarial assumptions or
experience adjustments are recognised in the
comprehensive income statement in the period in
which they occurred,and are not subsequently
recognised in the income statement. When a plan is
changed, reduced or extinguished, the relative effects
are recognised in the income statement.
Net financial expense represents the change that the
net liability undergoes during the year due to the
passing of time. Net interest is determined by applying
to the liabilities, net of any plan assets, the discount
rate used for discounting the liabilities. The net
financial expense of defined-benefit plans is
recognised in \u2018Financial expense (income)\u2019.
Defined contribution plans
In defined-contribution plans, the Company\u2019s
obligation is calculated, limited to the payment of state
contributions or to equity or a legally separate entity
(fund), based on contributions due.
The costs associated with defined-benefit
contributions are recognised in the income statement
as and when they are incurred.
Other non-current benefits
Obligations relating to other long-term benefits are
calculated using actuarial assumptions; the effects
arising from the amendments to the actuarial
assumptions or from the adjustments made based on
past experience are recognised entirely in the income
statement.
Benefits due for the termination of
employment
Employee termination benefits are recognised as an
expense when the Group is committed without
recourse to offering such benefits or when the Group
recognises restructuring costs, whichever is earlier.
Share-based payments (share-based incentive
plan)
Employee benefits, consistent with the substantial
nature of remuneration, include the cost of share-
based incentive plans. The cost of the incentive is
determined with reference to the fair value of the
instruments granted and the forecast of the number of
shares that will actually be granted; the portion
pertaining to the financial year is determined pro rata
temporis over the vesting period, i.e., the period
between the grant date and the assignment date. The
fair value of the shares underlying the incentive plan is
calculated at the grant date taking into account the
forecasts with regard to reaching the performance
parameters associated with market conditions and is
not adjusted in future financial years; when obtaining
the benefit is also connected to conditions other than
market conditions, the estimate relating to these
conditions is reflected by adjusting the number of
shares during the vesting period that are expected to
effectively be allocated.
5.13\u00a0 Accounting for environmental
certificates - Emission trading systems
The European Emission Trading System, established to
manage and trade emission allowances, sets an upper
limit for greenhouse gas emissions produced over the
course of a year, for which a certain number of
emission allowances are issued free of charge by the
competent national authorities. In the course of the
year, depending on the actual greenhouse gas
emissions produced, each company has the option to
sell or the obligation to acquire emission allowances on
the market for a consideration.
Allowances purchased for a consideration to offset
emissions released into the atmosphere during the
year are recognised in the income statement; any
quotas purchased in excess of requirements are
recognised under \u2018Other current assets\u2019, while any
quotas allocated free of charge, not used in the year of
allocation, are not recognised in the balance sheet as
they are used for the following year's requirements.
In the case of any deficit emission allowances for which
no market purchase has been made at the end of the
reporting period, the cost and the corresponding
liability are recognised at the end of the financial year
at market value.
5.14\u00a0 Foreign currency transactions
The criteria adopted by Snam to convert transactions in
currencies other than the functional currency (the
Euro) are summarised below:
\u2022 revenue and costs relating to transactions in
currencies other than the functional currency are
recognised at the exchange rate in effect on the
day when the transaction was carried out;
\u2022 monetary assets and liabilities in currencies other
than the functional currency are converted into
Euro by applying the exchange rate in effect on the
reporting date, allocating the effect to the income
statement;
\u2022 non-monetary assets and liabilities in currencies
other than the functional currency which are
measured at cost are recognised at the initially
recorded exchange rate; when the measurement is
made at fair value or recoverable or realisable
value, the exchange rate used is that in effect on
the measurement date.
5.15\u00a0 Income taxes
Current income taxes are calculated on the basis of
estimated taxable income. Tax payables and
receivables for current taxes are recognised at the
value expected to be paid/recovered to/ from the tax
authorities by applying the tax rates and regulations in
force or substantially approved at the end of the
reporting period. As far as corporate income tax (IRES)
is concerned, Snam has opted for the national tax
consolidation scheme, which 25 subsidiaries formally
participate in. The expected liability is recognised
under 'Current tax liabilities'.
The regulations governing Snam Group companies\u2019
participation in the national tax consolidation scheme
require:
\u2022 subsidiaries with positive taxable income to pay the
amount due to Snam. The taxable income of the
subsidiary, used to determine the tax, is adjusted to
account for the recovery of negative components
that would have been non-deductible without the
consolidation scheme (e.g. interest expense) and
any negative taxable income relating to the
subsidiary\u2019s equity investments in consolidated
companies;
\u2022 subsidiaries with negative taxable income, if and
insofar as they have prospective profitability which,
without the national tax consolidation scheme,
would have enabled them to recognise deferred
tax assets related to the negative taxable income
on the separate financial statements, receive from
their shareholders \u2013 in the event that these are
companies with a positive taxable income or a
negative taxable income with prospective
profitability \u2013 or from Snam in other cases,
compensation amounting to the lower of the tax
saving realised by the Group and the
aforementioned deferred tax assets.
Regional production tax (IRAP) is recognised under the
item \u2018Current tax liabilities\u2019 - \u2018Current tax assets\u2019.
Deferred taxes are calculated on the timing differences
between the values of the assets and liabilities entered
in the balance sheet and the corresponding values
recognized for tax purposes, based on the prevailing
tax regulations and rates applicable in financial years in
which the temporary difference will be cancelled,
approved or essentially approved at the end of the
relevant reporting period. Deferred tax assets are
recognised when their recovery is considered probable;
specifically, the recoverability of deferred tax assets is
considered probable when taxable income is expected
to be available in the period in which the temporary
difference is cancelled, allowing for the activation of
the tax deduction. Similarly, unused tax credits and
deferred tax assets on tax losses are recognised within
the limits of their recoverability; with reference to
deferred tax assets, their recoverability is verified at
least annually.
If there are uncertainties over the application of tax
regulations: (i) in cases where it is deemed probable
that the tax authorities will accept the uncertain tax
treatment, the income taxes (current and/or deferred)
to be recognised in the financial statements according
to the tax treatment applied or which it is expected to
apply during the tax return are calculated; (ii) in cases
where it is not deemed probable that the tax
authorities will accept the uncertain tax treatment, this
uncertainty is reflected in calculating the (current and/
or deferred) income taxes to be recognised in the
financial statements.
Deferred tax assets and deferred tax liabilities are
classified under non-current assets and liabilities and
are offset at individual company level if they refer to
taxes which can be offset and/or at the level of the
consolidating company in the presence of the taxation
regime set out in the national consolidation scheme.
The balance of the offsetting, if it results in an asset, is
recognised under the item \u2018Deferred tax assets\u2019; if it
results in a liability, it is recognised under the item
\u2018Deferred tax liabilities\u2019. When the results of
transactions are recognised directly in equity, current
and deferred taxes are also posted to equity.
Global Minimum Tax (Pillar II)
Effective from 1 January 2024, the Snam Group falls
within the scope of the pillar-two income taxes
provided for by Directive 2022/2523, adopted in Italy
by Legislative Decree 209/2023 (\u2018the Decree\u2019), aimed at
ensuring a minimum global level of taxation for
multinational groups of companies.
Specifically, Snam, together with its \u2018minority
subsidiaries\u2019 (i.e. other \u2018entities\u2019 consolidated item by
item by CDP in which Snam holds a \u2018controlling
interest\u2019), qualifies as a \u2018minority subgroup\u2019 (see Article
38, paragraph 1, letter c, of the Decree), attributable to
the CDP Group.
The latter has as its \u2018parent company\u2019, Cassa Depositi e
Prestiti S.p.A. (CDP), which qualifies as an Ultimate
Parent Entity - UPE - as it consolidates \u2018item by item\u2019
various \u2018entities\u2019 (including CDP Reti and Snam as well
as other entities in which Snam holds a stake) and is
not, in turn, consolidated \u2018item by item\u2019 by another
\u2018entity\u2019.
As required by paragraph 4.A of IAS 12, in derogation
from the provisions of this standard, Snam has not
detected or communicated information on deferred
tax assets and liabilities relating to second pillar income
taxes.
Based on the information gathered and processed in
accordance with current regulations, a reasonable
estimate was made of the Snam Group's exposure to
pillar-two income taxes at 31 December 2024. The
exposure estimate was not found to be material.
It should be noted that the above estimate was made
taking into account the specific conditions in the
Decree and in the OECD GloBE Rules
for the treatment of 'Minority-Owned Subgroups' with
regard to both the so-called 'simplified transitional
arrangements' and the 'global minimum tax' (full
compliance).
5.16\u00a0 Segment reporting (operating
segments)
The information on business segments was prepared in
accordance with the provisions of IFRS 8 - 'Operating
Segments'. The identification of the operating
segments and the information presented are defined
on the basis of the internal reporting used by
Company\u2019s Chief Operating Decision Maker (\u201cCODM\u201d)
management for the allocation of resources to the
various segments and for the analysis of their
performance.
An operating segment is defined by IFRS 8 as the
component of an entity: (i) that engages in business
activities from which it may earn revenue and incur
expenses (including revenue and expenses relating to
transactions with other components of the same
entity); (ii) that has operating results which are
regularly reviewed by the entity\u2019s most senior decision-
makers for the purpose of making decisions about
resources to be allocated to the segment and assessing
its performance; (iii) for which separate financial
information is available.
With reference to the 2024 financial year, the business
segments subject to reporting under IFRS 8 are
represented by: (i) the Transportation segment,
relating to natural gas transportation activities; (ii) the
Regasification segment, relating to Liquefied Natural
Gas regasification activities; (iii) the Storage segment,
relating to natural gas storage activities; (iv) the Energy
transition segment, relating to energy efficiency,
biogas/ biomethane business and hydrogen start-up
projects, as well as Carbon Capture and Storage (CCS)
projects.
Activities related to the unregulated mobility and
liquefaction business do not constitute a separately
reported operating segment.", "dimensions": { "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-915": { "value": "
Subsidiaries, joint ventures, associates and other
significant equity investments are indicated separately
in the appendix \u2018Equity investments of Snam S.p.A. as
at 31 December 2024\u2018, which is an integral part of
these notes. The same annex shows the changes in the
scope of consolidation as of 31 December 2024
compared to 31 December 2023.\u00a0
All the financial statements of the companies included
in the scope of consolidation are expressed in euro,
adjusted, where necessary, to make them consistent
with the accounting policies applied by the Parent
Company.
Fully consolidated subsidiaries
The Group defines another entity as a subsidiary when
it:
\u2022 has the power to make decisions concerning the
investee entity;
\u2022 is entitled to receive a share of or is exposed to the
variable profits and losses of the investee entity;
\u2022 is able to exercise power over the investee entity in
such a way as to affect the amount of its economic
returns.
The Group reassesses whether or not it controls an
investee if facts and circumstances indicate that there
are changes to one or more of the three elements of
control listed above.
Figures relating to subsidiaries are included in the
consolidated financial statements, based on uniform
accounting policies, from the date on which the
Company assumes direct or indirect control over them
until the date on which said control ceases to exist. The
assets, liabilities, income and expenses of consolidated
companies are fully incorporated line-by-line in the
consolidated Financial Statements (full consolidation
method).
Unrealised gains from transactions between
consolidated companies are derecognised, as are
receivables, payables, income, expenses, guarantees,
commitments and risks between consolidated
companies. The portion pertaining to the Group of
unrealised gains with companies valued using the
equity method is derecognised. In both cases,
intragroup losses are not derecognised because they
are considered to represent the impairment loss on the
transferred asset.
Changes in equity investments held directly or
indirectly by the Company in subsidiaries that do not
\"\"
result in a change in the qualification of the investment
as a subsidiary are recorded directly in equity as
transactions with shareholders. The book value of the
equity attributable to Parent company shareholders
and non-controlling interests are adjusted to reflect
the change in the equity investment ownership. The
difference between the book value of non-controlling
interests and the fair value of the consideration paid or
received is recorded directly under equity attributable
to Parent company shareholders.
Otherwise, the selling of interests entailing loss of
control requires the posting to the income statement
of: (i) any capital gains or losses calculated as the
difference between the consideration received and the
corresponding portion of shareholders\u2019 equity
transferred; (ii) the effect of the alignment to the fair
value of any residual equity investment maintained; (iii)
any amounts posted to other components in the
comprehensive income statement relating to the
former subsidiary that will be reclassified to the income
statement. The fair value of any equity investment
maintained at the date of loss of control represents
the new reference value for the successive valuation of
the equity investment according to the applicable
valuation criteria.
Associates and joint ventures accounted for
using the equity method
An associate is an investee in which the Group has
significant influence, i.e., the power to participate in
determining the financial and operating policies of
the associate company, without, however, having
control or joint control over it 163. The investor is
presumed to have significant influence (unless the
contrary can be proven) if it owns, directly or
indirectly through subsidiaries, at least 20% of the
exercisable voting rights.
A joint venture is a joint arrangement in which the
parties that hold this control have rights to the net
assets subject to the arrangement and, therefore, have
an interest in the jointly controlled corporate vehicle.
Equity investments in associates and joint ventures are
measured using the equity method, whereby the
investments are initially recognised at cost and
subsequently adjusted to take account of:
i. the investor\u2019s share in the economic results of the
investee after the acquisition date;
ii. the investor\u2019s share of the other components in the
comprehensive income statement of the investee.
Dividends distributed by the investee are recognised
net of the book value of the equity investment. For the
purposes of applying the equity method, the
adjustments provided for the consolidation process are
taken into account (see also the previous point on fully
consolidated subsidiaries).
In the case of an associate relationship (or joint control)
the cost of the investment is measured, in subsequent
stages, as the sum of the fair values of the previously
held interests and the fair value of the consideration
transferred at the date the investment qualifies as an
associate (or as jointly controlled). The effect of
revaluing the book value of equity interests held prior
to the assumption of the association (or joint control) is
recognised in Other Comprehensive Income (OCI) or in
profit or loss, depending on whether the equity
interest is measured at fair value through other
comprehensive income, or at fair value through profit
or loss.
The sale of the investment that results in loss of joint
control or significant influence over the investee
determines the recognition of the following in the
income statement: (i) any capital gains or losses
calculated as the difference between the consideration
received and the corresponding fraction of the book
value of the investment sold; (ii) the effect of the
alignment to the fair value of any residual equity
investment maintained; (iii) any amounts posted to
other components in the comprehensive income
statement relating to the investee entity that will be
reclassified to the income statement. The value of any
equity investment maintained, aligned with the relative
fair value at the date of loss of joint control or
significant influence, represents the new reference
value for the successive valuation according to the
applicable valuation criteria.
If there is objective evidence of impairment, the Group
performs an impairment test by comparing the book
value with the relative recoverable value, recording this
difference in the income statement under 'Share of
profit or loss of investments accounted for using the
equity method'. In the event that the Group's share of
the loss exceeds the book value of the investment, the
latter is written off and any excess is recognised in a
special provision, if the investor is obliged to fulfil legal
or implicit obligations of the investee company or
otherwise cover its losses. When the reasons for the
impairment losses no longer apply, equity investments
are revalued up to the amount of the impairment
losses entered, with the effect posted to the income
statement under the above item.
Business combinations
Business combinations are transactions with which the
group acquires control of a business. To determine
whether a particular set of acquired assets and
activities meets the definition of a \u2018business\u2019, the Group
examines whether that set consists, at least, of inputs
and processes applied to those inputs that have the
ability to create outputs.
Business combinations are accounted for by applying
the acquisition method, whereby the consideration
transferred at the date of acquisition of control is
equal to the fair value of the assets transferred, the
liabilities incurred or taken on, and any equity
instruments issued.
The consideration transferred also includes the current
value of any deferred fixed payments and the fair value
of any contingent considerations (e.g earn-outs). If the
contingent consideration meets the definition of an
equity instrument, it is classified as shareholders\u2019
equity and is not measured thereafter. Other
contingent considerations are recognised as a liabilities
and are measured at fair value at each financial year-
end; changes in fair value are recognised in the income
statement.
Costs directly attributable to the transaction, other
than those related to the issue of debt or equity
instruments, are recognised in the income statement
when they are incurred.
The shareholders\u2019 equity of these associate companies
is determined by attributing to each asset and liability
its fair value at the date of acquisition of control. If
positive, any difference from the consideration
transferred is posted to the asset item \u2018Goodwill\u2019; if
negative, it is posted instead to the income statement.
Where total control is not acquired, the share of equity
attributable to non-controlling interests is determined
based on the share of the current values attributed to
assets and liabilities at the date of acquisition of
control, net of any goodwill (the \u2018partial goodwill
method\u2019). Alternatively, the full amount of the goodwill
generated by the acquisition is recognised, therefore
also taking into account the portion attributable to
non-controlling interests (the \u2018full goodwill method\u2019);
In this case, non-controlling interests are expressed at
their total fair value, including the attributable share of
goodwill. The choice of how to determine goodwill
(Partial goodwill method or full goodwill method) is
based on each individual business combination
transaction.
If control is assumed in successive stages, the
consideration transferred is determined by adding
together the fair value of the equity investment
previously held in the acquired company and the
amount paid to acquire the additional equity
investment. The difference between the fair value of
the previously held equity investment (redetermined at
the time of acquisition of control) and the relative book
value is posted to the income statement. Upon
acquisition of control, any components previously
recognised under other components in the
comprehensive income statement are posted to the
income statement or to another item of shareholders\u2019
equity, if no provisions are made for classification in
the income statement.
When the values of the assets and liabilities of the
acquired entity are determined provisionally in the
financial year in which the business combination is
concluded, the figures recorded are adjusted, with
retroactive effect, no later than 12 months after the
acquisition date, to take into account new information
about facts and circumstances in existence at the
acquisition date.
Business combinations involving entities
under joint control
Business combinations involving companies that are
definitively controlled by the same company or
companies before and after the transaction, and where
such control is not temporary, are classed as \u2018Business
combinations of entities under common control\u2019,
whose accounting is not specifically disclosed in IFRS. In
the absence of a reference accounting standard, the
selection of an accounting standard for such
transactions, for which a significant influence on future
cash flows cannot be established, is guided by the
principle of prudence, which leads to the application of
the criterion of continuity of values of the net assets
acquired. The assets are measured at the book values
from the financial statements of the companies being
acquired (or the vendor company) before the
transaction or, alternatively, at the values from the
consolidated financial statements of the common
ultimate parent.
With regard in particular to the above transactions,
relative to the sale of a business, the treatment of the
difference between the contractually defined
consideration and the carrying amounts of the
transferred business is differentiated depending on
the entities involved in the transfer.
With regard to contributions involving businesses
under common control, on the other hand, irrespective
of the pre-existing investment relationship, the
transferee entity recognises the transferred business
at its historical carrying value, increasing its own
shareholders\u2019 equity by an equal amount; the
transferring entity shall recognise the investment in
the transferee entity at an amount equal to the
increase in the latter\u2019s shareholders\u2019 equity. This
accounting treatment refers to the proposal by Assirevi
in the Preliminary Guidelines on IFRS (OPI No. 1
Revised) - \u2018Accounting treatment of business
combinations of entities under common control in the
separate and consolidated financial statements\u2019 issued
in October 2016.
Accounting treatment of put options written
on the shares of subsidiaries
Therefore, if the Group does not have the
unconditional right to avoid delivery of cash or other
financial instruments when a put option on shares in
subsidiaries is exercised, a financial liability equal to the
current value of the option exercise price is recognised
and subsequent changes in the financial liability are
recognised in the income statement. The same
accounting treatment is applicable when, in addition to
a put option, there is also the simultaneous presence
of a symmetrical call option, the so-called \u2018symmetrical
put and call options related to non-controlling
interest\u2019.
Snam considers that shares subject to put options (or
symmetrical put and call options) have already been
acquired by the Group, in cases where the economic
benefits and risks associated with the actual ownership
of the shares do not remain with the minority
shareholders; therefore, in such circumstances, it does
not recognise non-controlling interests in the
consolidated financial statements.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-916": { "value": "
Fully consolidated subsidiaries
The Group defines another entity as a subsidiary when
it:
\u2022 has the power to make decisions concerning the
investee entity;
\u2022 is entitled to receive a share of or is exposed to the
variable profits and losses of the investee entity;
\u2022 is able to exercise power over the investee entity in
such a way as to affect the amount of its economic
returns.
The Group reassesses whether or not it controls an
investee if facts and circumstances indicate that there
are changes to one or more of the three elements of
control listed above.
Figures relating to subsidiaries are included in the
consolidated financial statements, based on uniform
accounting policies, from the date on which the
Company assumes direct or indirect control over them
until the date on which said control ceases to exist. The
assets, liabilities, income and expenses of consolidated
companies are fully incorporated line-by-line in the
consolidated Financial Statements (full consolidation
method).
Unrealised gains from transactions between
consolidated companies are derecognised, as are
receivables, payables, income, expenses, guarantees,
commitments and risks between consolidated
companies. The portion pertaining to the Group of
unrealised gains with companies valued using the
equity method is derecognised. In both cases,
intragroup losses are not derecognised because they
are considered to represent the impairment loss on the
transferred asset.
Changes in equity investments held directly or
indirectly by the Company in subsidiaries that do not
\"\"
result in a change in the qualification of the investment
as a subsidiary are recorded directly in equity as
transactions with shareholders. The book value of the
equity attributable to Parent company shareholders
and non-controlling interests are adjusted to reflect
the change in the equity investment ownership. The
difference between the book value of non-controlling
interests and the fair value of the consideration paid or
received is recorded directly under equity attributable
to Parent company shareholders.
Otherwise, the selling of interests entailing loss of
control requires the posting to the income statement
of: (i) any capital gains or losses calculated as the
difference between the consideration received and the
corresponding portion of shareholders\u2019 equity
transferred; (ii) the effect of the alignment to the fair
value of any residual equity investment maintained; (iii)
any amounts posted to other components in the
comprehensive income statement relating to the
former subsidiary that will be reclassified to the income
statement. The fair value of any equity investment
maintained at the date of loss of control represents
the new reference value for the successive valuation of
the equity investment according to the applicable
valuation criteria.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-917": { "value": "
Associates and joint ventures accounted for
using the equity method
An associate is an investee in which the Group has
significant influence, i.e., the power to participate in
determining the financial and operating policies of
the associate company, without, however, having
control or joint control over it 163. The investor is
presumed to have significant influence (unless the
contrary can be proven) if it owns, directly or
indirectly through subsidiaries, at least 20% of the
exercisable voting rights.
A joint venture is a joint arrangement in which the
parties that hold this control have rights to the net
assets subject to the arrangement and, therefore, have
an interest in the jointly controlled corporate vehicle.
Equity investments in associates and joint ventures are
measured using the equity method, whereby the
investments are initially recognised at cost and
subsequently adjusted to take account of:
i. the investor\u2019s share in the economic results of the
investee after the acquisition date;
ii. the investor\u2019s share of the other components in the
comprehensive income statement of the investee.
Dividends distributed by the investee are recognised
net of the book value of the equity investment. For the
purposes of applying the equity method, the
adjustments provided for the consolidation process are
taken into account (see also the previous point on fully
consolidated subsidiaries).
In the case of an associate relationship (or joint control)
the cost of the investment is measured, in subsequent
stages, as the sum of the fair values of the previously
held interests and the fair value of the consideration
transferred at the date the investment qualifies as an
associate (or as jointly controlled). The effect of
revaluing the book value of equity interests held prior
to the assumption of the association (or joint control) is
recognised in Other Comprehensive Income (OCI) or in
profit or loss, depending on whether the equity
interest is measured at fair value through other
comprehensive income, or at fair value through profit
or loss.
The sale of the investment that results in loss of joint
control or significant influence over the investee
determines the recognition of the following in the
income statement: (i) any capital gains or losses
calculated as the difference between the consideration
received and the corresponding fraction of the book
value of the investment sold; (ii) the effect of the
alignment to the fair value of any residual equity
investment maintained; (iii) any amounts posted to
other components in the comprehensive income
statement relating to the investee entity that will be
reclassified to the income statement. The value of any
equity investment maintained, aligned with the relative
fair value at the date of loss of joint control or
significant influence, represents the new reference
value for the successive valuation according to the
applicable valuation criteria.
If there is objective evidence of impairment, the Group
performs an impairment test by comparing the book
value with the relative recoverable value, recording this
difference in the income statement under 'Share of
profit or loss of investments accounted for using the
equity method'. In the event that the Group's share of
the loss exceeds the book value of the investment, the
latter is written off and any excess is recognised in a
special provision, if the investor is obliged to fulfil legal
or implicit obligations of the investee company or
otherwise cover its losses. When the reasons for the
impairment losses no longer apply, equity investments
are revalued up to the amount of the impairment
losses entered, with the effect posted to the income
statement under the above item.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-918": { "value": "
Business combinations
Business combinations are transactions with which the
group acquires control of a business. To determine
whether a particular set of acquired assets and
activities meets the definition of a \u2018business\u2019, the Group
examines whether that set consists, at least, of inputs
and processes applied to those inputs that have the
ability to create outputs.
Business combinations are accounted for by applying
the acquisition method, whereby the consideration
transferred at the date of acquisition of control is
equal to the fair value of the assets transferred, the
liabilities incurred or taken on, and any equity
instruments issued.
The consideration transferred also includes the current
value of any deferred fixed payments and the fair value
of any contingent considerations (e.g earn-outs). If the
contingent consideration meets the definition of an
equity instrument, it is classified as shareholders\u2019
equity and is not measured thereafter. Other
contingent considerations are recognised as a liabilities
and are measured at fair value at each financial year-
end; changes in fair value are recognised in the income
statement.
Costs directly attributable to the transaction, other
than those related to the issue of debt or equity
instruments, are recognised in the income statement
when they are incurred.
The shareholders\u2019 equity of these associate companies
is determined by attributing to each asset and liability
its fair value at the date of acquisition of control. If
positive, any difference from the consideration
transferred is posted to the asset item \u2018Goodwill\u2019; if
negative, it is posted instead to the income statement.
Where total control is not acquired, the share of equity
attributable to non-controlling interests is determined
based on the share of the current values attributed to
assets and liabilities at the date of acquisition of
control, net of any goodwill (the \u2018partial goodwill
method\u2019). Alternatively, the full amount of the goodwill
generated by the acquisition is recognised, therefore
also taking into account the portion attributable to
non-controlling interests (the \u2018full goodwill method\u2019);
In this case, non-controlling interests are expressed at
their total fair value, including the attributable share of
goodwill. The choice of how to determine goodwill
(Partial goodwill method or full goodwill method) is
based on each individual business combination
transaction.
If control is assumed in successive stages, the
consideration transferred is determined by adding
together the fair value of the equity investment
previously held in the acquired company and the
amount paid to acquire the additional equity
investment. The difference between the fair value of
the previously held equity investment (redetermined at
the time of acquisition of control) and the relative book
value is posted to the income statement. Upon
acquisition of control, any components previously
recognised under other components in the
comprehensive income statement are posted to the
income statement or to another item of shareholders\u2019
equity, if no provisions are made for classification in
the income statement.
When the values of the assets and liabilities of the
acquired entity are determined provisionally in the
financial year in which the business combination is
concluded, the figures recorded are adjusted, with
retroactive effect, no later than 12 months after the
acquisition date, to take into account new information
about facts and circumstances in existence at the
acquisition date.
Business combinations involving entities
under joint control
Business combinations involving companies that are
definitively controlled by the same company or
companies before and after the transaction, and where
such control is not temporary, are classed as \u2018Business
combinations of entities under common control\u2019,
whose accounting is not specifically disclosed in IFRS. In
the absence of a reference accounting standard, the
selection of an accounting standard for such
transactions, for which a significant influence on future
cash flows cannot be established, is guided by the
principle of prudence, which leads to the application of
the criterion of continuity of values of the net assets
acquired. The assets are measured at the book values
from the financial statements of the companies being
acquired (or the vendor company) before the
transaction or, alternatively, at the values from the
consolidated financial statements of the common
ultimate parent.
With regard in particular to the above transactions,
relative to the sale of a business, the treatment of the
difference between the contractually defined
consideration and the carrying amounts of the
transferred business is differentiated depending on
the entities involved in the transfer.
With regard to contributions involving businesses
under common control, on the other hand, irrespective
of the pre-existing investment relationship, the
transferee entity recognises the transferred business
at its historical carrying value, increasing its own
shareholders\u2019 equity by an equal amount; the
transferring entity shall recognise the investment in
the transferee entity at an amount equal to the
increase in the latter\u2019s shareholders\u2019 equity. This
accounting treatment refers to the proposal by Assirevi
in the Preliminary Guidelines on IFRS (OPI No. 1
Revised) - \u2018Accounting treatment of business
combinations of entities under common control in the
separate and consolidated financial statements\u2019 issued
in October 2016.
Accounting treatment of put options written
on the shares of subsidiaries
Therefore, if the Group does not have the
unconditional right to avoid delivery of cash or other
financial instruments when a put option on shares in
subsidiaries is exercised, a financial liability equal to the
current value of the option exercise price is recognised
and subsequent changes in the financial liability are
recognised in the income statement. The same
accounting treatment is applicable when, in addition to
a put option, there is also the simultaneous presence
of a symmetrical call option, the so-called \u2018symmetrical
put and call options related to non-controlling
interest\u2019.
Snam considers that shares subject to put options (or
symmetrical put and call options) have already been
acquired by the Group, in cases where the economic
benefits and risks associated with the actual ownership
of the shares do not remain with the minority
shareholders; therefore, in such circumstances, it does
not recognise non-controlling interests in the
consolidated financial statements.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-919": { "value": "
5.2\u00a0 Property, plant and equipment
Recognition and measurement
Property, plant and equipment are measured at cost,
less accumulated depreciation and impairment losses.
When a significant period of time is needed before the
asset is ready for use, financial expenses incurred
during the asset preparation period are also capitalised
in the cost of the asset.
If there are current obligations for the
decommissioning and removal of assets and
restoration of the sites, the book value includes the
estimated (discounted) costs to be incurred at the time
that the structures are decommissioned, recognised as
a contra-entry to a specific provision. The accounting
treatment for revisions in these cost estimates, the
passage of time and the discount rate are indicated in
the Note 5.9 \u2018Provisions for risks and charges,
contingent liabilities and contingent assets\u2019.
Subsequent costs of improvements, upgrades and
transformations to/of property, plant and equipment
are capitalised when it is likely that they will increase
the future economic benefits expected. Costs are also
capitalised when related to items purchased for
security or environmental reasons which, although not
directly improving the future economic benefits of
existing assets, are necessary to carry out the
company\u2019s operations.
\"\"
Property, plant and equipment includes:
i. with regard to natural gas transportation, the value
relating to the quantities of natural gas injected to
bring natural gas pipelines into service. The
valuation is carried out using the weighted average
purchase price method. Specifically, the component
of this quantity that can no longer be extracted
(the \u2018initial line pack\u2019) is depreciated over the useful
life of the plant to which it refers. On the contrary,
the commercial component, which is eventually
transferable to the market or can be put to
alternative uses (the so-called \u2018Operating line
pack\u2019), is not subject to depreciation, since by its
nature it cannot depreciate;
ii. in the context of natural gas storage, the part of
the gas injected into the storage wells as cushion
gas.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-920": { "value": "
Recognition and measurement of leased
assets
A contract is or contains a lease if it gives an entity the
right to control the use of an identified asset for a
certain period of time in exchange for a fee. For all
leases with a term of more than 12 months and
relating to assets that do not have a low value 164 , an
asset is recognised in the balance sheet on the
effective date, i.e. when the asset is made available for
use (i) within the item property, plant and equipment,
which is representative of the right to use the asset,
and (ii) a financial liability is recognised, which is
representative of the obligation to make the payments
under the contract.
In determining the duration of the lease, the group
considers the non-cancellable period of the contract
and, when it believes there is reasonable certainty, also
the additional periods for the exercise of renewal
options or the non-exercise of early termination
options provided in the contract.
Liabilities for leases are recognised initially at an
amount equal to the current value of the following
lease payments not yet made at the lease
commencement date:
(i) fixed (or substantially fixed) payments, net of any
incentives to be received;
(ii) variable payments that depend on trends in rates or
indices;
(iii) estimated future payments for any residual value
guarantees, for the exercise of the purchase option and
for any penalties related to the early termination of the
contract, if the group considers the exercise of such
options to be reasonably certain.
The current value of the payments is calculated using a
discount rate equal to the group\u2019s marginal borrowing
rate taking into account the frequency and duration of
payments under the lease agreement.
Subsequent to initial recognition, the lease liability is
measured at amortised cost and is redetermined, against
the book value of the right-of-use asset, when there is a
change in the lease payments due as a result of:
(i) contract renegotiations;
(ii) changes in rates or indices; or
(iii) changes in measurement made regarding the
exercise of contractually-provided options (e.g.
purchase of the leased asset or the extension or
early termination of the contract). The right-of-use
asset is initially recognised at cost, determined as
the sum of the following components: the initial
amount of the finance lease liability; the initial
direct costs incurred by the lessee; any payments
made on or before the lease commencement date,
net of any incentives received by the lessor; and the
best estimate of the costs that the group expects
to incur for the decommissioning and removal of
the asset as well as the eventual reclamation of the
site (i.e. the costs to restore the asset to its
contractual condition). After the initial recognition,
the right-of-use asset is adjusted to take account of:
depreciation and amortization expense; of any
impairment losses and the related effects and any
restatements of the financial lease liability.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-921": { "value": "
Depreciation of property, plant and
equipment
Starting when the asset is available and ready for use,
owned and leased property, plant and equipment is
systematically depreciated on a straight-line basis over
its useful life, defined as the period of time in which it
is expected that the company may use the asset. The
amount to be depreciated is the book value, reduced
by the projected net realisable value at the end of the
asset\u2019s useful life, if this is significant and can be
reasonably determined.
\"\"
The table below shows the annual depreciation rates used for the year in question, broken down into homogeneous
categories, together with the relevant period of application 165:
Annual economic-technical depreciation rate (%)
Land
not depreciated
Buildings
2 or higher depending on the residual useful life
Plant and machinery \u2013 Transportation
- Gas pipelines
2 or higher depending on the residual useful life
- Compression plants
5 or higher depending on the residual useful life
- Gas reduction and regulation plants
5 or higher depending on the residual useful life
- Radio links
25
- Monitoring and control instruments and systems
10 or higher depending on the residual useful life
Plant and machinery \u2013 Storage
- Pipelines
2
- Treatment plants
4
- Compression plants
5
- Storage wells
1.66
- Monitoring and control instruments and systems
10 or higher depending on the residual useful life
Plant and machinery \u2013 regasification
- Regasification plants
4 or higher depending on the residual useful life
- Tanks and oil pipelines
4 or higher depending on the residual useful life
Plant and machinery - Biogas/Biomethane
- AGRI biogas/biomethane plants
3.7
- WASTE biogas/biomethane plants
4
Plant and machinery - Energy efficiency
- Energy efficiency plants
5-10
Other plant and equipment
2.5-12.5
Other assets
- Centralised IT infrastructures
20
- Measuring equipment
5-10
Industrial and Commercial Equipment
10-35
Rights of use for leased assets
< between the economic-technical life and contract duration
When an item recorded under property, plant and equipment consists of several significant components with
different useful lives, a component approach is adopted, whereby each individual component depreciates
separately.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-922": { "value": "
5.3\u00a0 Intangible assets and goodwill
Recognition and measurement of intangible assets and goodwill
Intangible assets are those non monetary assets without identifiable physical form, are controlled by the group and
are capable of generating future economic benefits. They are recognised at cost net of amortization and any
accumulated impairment losses.
Goodwill arising from the acquisition of subsidiaries is measured at cost less impairment losses.
Technical development costs are capitalised as intangible assets when: (i) the cost attributable to the intangible
asset may be reliably determined; (ii) there is the intention, availability of financial resources and technical capacity
to make the asset available for use or sale; and (iii) it can be shown that the asset is capable of producing future
economic benefits.
Alternatively, costs for the acquisition of new knowledge or discoveries, investigations into products or alternative
processes, new techniques or models, or the design and construction of prototypes, or incurred for other scientific
research or technological developments, which do not meet the conditions for capitalisation are considered current
costs and charged to the income statement for the period in which they are incurred.
The book value of the storage concessions, which represents the reserves of natural gas in the fields (so-called
cushion gas), which does not undergo depreciation, as:
(i) the volume of this gas is not changed by the storage activity;
(ii) the economic value of the gas that can be recovered at the end of the concession, in accordance with the
provisions of the Ministerial Decree of 3 November 2005 \u2018Criteria for determining an adequate consideration for
the remuneration of assets allocated to a concessionaire for the storage of natural gas\u2019 of the Ministry of
Productive Activities (MAP), is not less than the value recorded in the financial statements.
Amortization of intangible assets with a finite useful life
Intangible assets with a finite useful life are amortised systematically over their useful life, which is understood to
be the period of time in which it is expected that the company may use the asset.
The table below shows the annual depreciation rates used for the year in question, broken down into homogeneous
categories, together with the relevant period of application:
Annual economic-technical depreciation rate (%)
Storage concessions
not depreciated: the residual value is greater than the book value
Information systems
20-33
Other intangible assets
20 or depending on the duration of the contract
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-923": { "value": "
5.4\u00a0 Public and private grants
Capital grants given by public authorities are recognised when there is reasonable certainty that the conditions
imposed by the granting government agencies for their allocation will be met, and they are recognised as a
reduction to the purchase or production cost of their related assets. Similarly, capital grants received from private
entities are recognised in accordance with the same regulatory provisions.
Operating grants are recognised in the income statement on an accruals basis, consistent with the relative costs
incurred.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-924": { "value": "
5.5\u00a0 Impairment of non-financial assets
Impairment of property, plant and equipment and intangible assets with a finite useful life.
At least once a year, non-financial, PPE and intangible assets with a finite useful life are analysed to uncover any
indicators of impairment.
When there are indications that an impairment loss may exist or when events occur leading to the assumption of
impairment of property, plant and equipment or intangible assets with a finite useful life, their recoverability is
tested by comparing the book value with the related recoverable value, which is the fair value, net of disposal
costs(see paragraph 5.8 \u2018Significant accounting policies - Measurement at fair value\u2019), or the value in use, whichever
is greater.
The valuation is made on a per-asset basis or for the smallest identifiable set of assets that, through ongoing use,
generates cash inflows largely independent of those of other assets or groups of assets (Cash Generating Unit -
CGU).
The recoverable amount, in the value in use configuration, is determined by discounting projected cash flows
resulting from the use of the asset and, if they are significant and can be reasonably determined, from its sale at the
end of its useful life, net of any disposal costs.
This methodology is applied for the Biomethane Agri, Biomethane Waste, Greenture and ITG CGUs, as well as for
the Energy Efficiency CGU grouping.
With reference to the Transportation (Snam Rete Gas), Regasification (FSRU Piombino and LNG) and Storage
(Stogit) CGUs, the recoverable value was defined as corresponding to the estimated value of the Net Invested
Capital recognised to these assets for tariff purposes (RAB - Regulatory Asset Base) by ARERA, the energy regulator,
including lump-sum net working capital, net of adjustment items, including employee severance indemnity, the
provision for decommissioning where applicable, and grants received.
Expected cash flows are determined on the basis of reasonable and documentable assumptions representing the
best estimate of the future economic conditions of the business or group of businesses, with greater weight given
to external indications. Discounting is done at a rate reflecting current market conditions for the time value of
money and specific risks of the asset not reflected in the estimated cash flows.
If the book value of the asset or CGU is greater than its recoverable amount, an impairment loss is recognised in the
income statement; a CGU\u2019s impairment losses are first recognised as a reduction in the book value of any goodwill (see
next point \u2018Impairment of goodwill and intangible assets not yet available for use\u2019) allocated to it and then as a reduction in
the book value of the other assets of the CGU, in proportion to their respective book values. The book value of each Cash
Generating Unit (or grouping of CGUs), consistently with the prevailing valuation practice, is equal to the respective Net
Invested Capital recorded at the level of Snam\u2019s consolidated financial statements at the reference date for carrying out
the impairment test.
If the conditions for a previously effected impairment no longer apply, the book value of the asset (except for
goodwill) is restored with recognition in the income statement (recovery of value), within the limits of the net book
value that the asset in question would have had if the impairment had not been carried out and any related
amortization had been carried out.\u00a0 \u00a0
If certain specific assets owned by the Group are affected by unfavourable conditions of an operational or economic
nature, such that their ability to contribute to the realisation of cash flows is impaired, they may be subject to an
independent recoverability analysis and, if necessary, written down.
\"\"
Impairment of goodwill and intangible assets
not yet available for use
The recoverability of the book value of goodwill and
intangible assets not yet available for use is tested at
least annually, and in any case when events occur
leading to an assumption of impairment.
Pursuant to the provisions of IFRS 3, in the context of
business combinations, the acquirer, at the acquisition
date, recognises all assets, liabilities and identifiable
contingent liabilities under the acquisition at their fair
values and any residual difference with respect to the
acquisition cost, if positive, is recognised under
Goodwill; if negative, it is recognised in the income
statement.
For the purpose of impairment testing, goodwill is
allocated, as of the acquisition date, to each Cash
Generating Unit, or grouping of CGUs, that is expected
to benefit from the synergies of the combination.
After its initial recognition, goodwill is not amortised
but is instead subject to a recoverability test at least
annually by determining the recoverable value of the
CGU or group of CGUs to which it is allocated
(following the procedures described in the note
\u2018Impairment of PPE and intangible assets of finite
useful life\u2019); this is then compared to the book value of
the CGU itself (or group of CGUs). The book value of
each Cash Generating Unit (or grouping of CGUs),
consistently with the prevailing valuation practice, is
equal to the respective Net Invested Capital recorded
at the level of Snam\u2019s consolidated financial
statements at the reference date for carrying out the
impairment test.
When the book value of the CGU (or group of CGUs),
including the goodwill attributed to it, exceeds the
recoverable value, the difference is subject to
impairment, which is attributed by priority to the
goodwill up to its amount; any surplus in the
impairment with respect to the goodwill is attributed
pro rata to the book value of the assets constituting
the CGU (or group of CGUs). Goodwill write-downs are
not reversed, even if the reasons for the write-down no
longer apply in subsequent years.
Reduction in value of investments
In the presence of indications of impairment, or when
events occur that lead to a presumed reduction in the
value of investments, their recoverability is verified by
comparing the book value with the relative recoverable
value, represented by the greater of the fair value, net
of disposal costs (see section 5.8 'Significant
accounting policies - Fair Value Measurements'), and
the value in use, determined through the application of
the Dividend Discount Model (DDM) or the Discounted
Cash Flow 166 (DCF) method (the present value of
expected cash flows is determined as indicated in the
previous section 'Impairment of property, plant and
equipment and intangible assets with a finite useful
life'). The application of the Dividend Discount Model
(DDM) provides that the recoverable value, in the
configuration of the value in use, is determined by
discounting the expected dividend flows on the basis
of the forecast plans of the investee companies drawn
up according to reasonable and documentable
assumptions, discounted at the cost of the capital
(\u201cKe\u201d) which includes any specific risks not reflected in
the estimated cash flows.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-925": { "value": "
5.6\u00a0 Inventories
Inventories, including compulsory inventories, are
recorded at the lower of purchase or production cost
and net realizable value, which is the amount that the
entity expects to receive from their sale in the normal
course of business, net of the estimated costs for the
completion and the realisation of the sale.
The cost of natural gas inventories is determined using
the weighted average cost method.
It should be noted that any transactions involving
strategic gas, which are subject to prior authorisation
by the Italian Ministry of Enterprises and Made in Italy
(MiMIT), entail a withdrawal and subsequent
replenishment of the quantities of gas from the
strategic reserve, not resulting in any movement of the
stock 167.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-926": { "value": "
5.7\u00a0 Financial instruments
Non-derivative financial assets - cash and cash
equivalents
Cash and cash equivalents include cash amounts, on
demand deposits, and other short-term financial assets
with a term of less than three months, or convertible
into cash within that period, and subject to an
insignificant risk of change in value. They are recorded
at nominal value, corresponding to the fair value.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-927": { "value": "
Non-derivative financial assets - receivables
and debt securities
Debt securities held by the group consist mainly of
trade receivables, financial receivables and other
receivables.
Initial recognition is at fair value, except for trade
receivables without a significant financial component,
whose initial recognition value is the transaction price
as defined by IFRS 15.
Subsequent to initial recognition, financial assets
represented by debt securities are measured on the
basis of both the following:
\u2022 the business model identified for the management
of financial assets (the so-called \u2018Business Model\u2019);
\u2022 the characteristics relating to the contractual cash
flows of the financial asset, i.e., whether the cash
flows generated by the financial asset consist solely
of principal payments and accrued interest on the
amount of principal to be repaid (the so-called
\u2018Solely Payments of Principal and Interest\u2019 or SPPI).\u00a0
Debt securities represented by trade and financial
receivables are held for the purpose of collecting their
contractual cash flows (the so-called \u2018Hold To Collect
Business Model\u2019). Therefore, if, on the basis of the type
of instrument and contractual characteristics, these
financial assets generate contractual cash flows
representing only principal and interest payments, they
are subsequently measured at amortised cost. Instead,
financial assets whose cash flows do not meet SPPI
requirements are classified and measured at fair value
through profit or loss (so-called FVTPL).
In contrast, receivables from invoice rebates to
customers in the energy efficiency business (so-called
\u2018Ecobonus\u2019 and \u2018Superbonus\u2019 credits) - and which are
converted into tax credits - if held with the objective of
realizing cash flows through sale (so-called \u2018Other\u2019
Business Model) are measured at fair value with the
effects recognised in profit or loss (so-called FVTPL).
The rationale behind the determination of fair value is
explained in Note 5.8 \u2018Significant accounting policies\u2019 -
\u2018Fair value measurement\u2019 respectively.
According to the amortised cost method the initial
book value is then adjusted to account for repayments
of principal, any impairments for credit losses and the
amortization of the difference between the repayment
amount and the initial book value.
Amortization is carried out using the effective internal
interest rate, which represents the rate that would
make the present value of projected cash flows and the
initial recognition value equal at the time of the initial
recording.
Financial assets measured at amortised cost are
presented in the statement of financial position net of
the related provision for impairment.
In order to measure expected losses (so-called
\u2018Expected Credit Losses\u2019 or \u2018ECL\u2019), trade receivables are
measured using the so-called \u2018simplified approach\u2019
provided for by IFRS 9, or - due to the absence of a
significant financial component - by estimating
expected losses over the life of the receivable (so-
called \u2018Lifetime ECL\u2019).
The assessment of the recoverability of trade
receivables is made on both an individual and collective
basis depending on the type of asset and counterparty
and also whether there is reasonable and
demonstrable information useful to make an
assessment at the individual instrument level.
In particular, for trade receivables arising from
regulated activities, which currently represent a
significant part of receivables, the measurement of
expected losses enhances the hedging and guarantee
mechanisms established by the Authority, the Codes,
and existing contractual agreements that are capable
of significantly reducing the risks arising from possible
customer default. For more details, see Note 26.3
'Financial Risk Management' - 'Credit Risk'.
For trade receivables related to unregulated activities,
the group applies a specific definition of default,
determined by taking into account the characteristics
of the operating segments to which the subsidiaries
belong as well as the riskiness of the receivables and
customers being assessed. Therefore, beyond the time
limit of default, trade receivables are assumed to be
impaired (i.e. credit-impaired).
In particular, expected losses are generally determined
on the basis of the product between:
i. the amount of the exposure to the counterparty at
the time of default (the so-called \u2018Exposure At
Default' or \u2018EAD\u2019);
ii. the probability that the counterparty will default on
its payment obligations (the so-called \u2018Probability of
Default\u2019 or \u2018PD\u2019);
iii. the estimate, in percentage terms, of the amount
of credit that will not be recovered in the event of
default (the so-called \u2018Loss Given Default' or \u2018LGD\u2019).
With regard to the ECL parameters listed above, the
group considers the following assumptions:
i. PD is determined according to the type of
counterparty on the basis of:
\u2022 qualified external providers (e.g. for listed
companies);
\u2022 regional ratings (e.g. for public administration)
by leading rating agencies;
\u2022 average default rate calculated for groups of
customers broken down by common credit risk
(so-called 'cluster') considering historical data
over a period of at least 24 months;
ii. the LGD is obtained on the basis of market
standards that assess the recovery rate of the
exposure depending on the region and sector of
the counterparty (e.g. corporate, government and
retail);
iii. the EAD is determined to be equal to the face value
of the claim at the valuation date, less any related
mitigating factors, including any guarantee
received.
In the case of credit exposures in litigation and where
detailed information is available on the recoverability
of the exposure, analytical assessments are performed
in order to better reflect the actual riskiness of the
position in the determination of expected losses. The
exposures for which credit recovery actions have been
activated through legal/ court proceedings are defined
as litigation.
Impairment of trade receivable and other receivables is
recognised in the income statement, net of any write-
backs, under the item \u2018Other operating expenses\u2019.
Transferred financial assets are derecognised from the
balance sheet assets when the contractual rights to
obtain the cash flows associated with the financial
instrument expire, or all risks and rewards associated
with the transferred receivable are transferred to a
third party in accordance with the guidance on
derecognition of financial assets set forth in IFRS 9.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-928": { "value": "
Non-derivative financial assets - minority
investments
Financial assets representing minority investments, as
they are not held for trading purposes, are measured
at fair value alternatively with recognition of the
effects: (i) in the income statement (so-called fair value
measurement recognized in the income statement or
FVTPL) or (ii) in the equity reserve that holds the other
components of comprehensive income, without
provision for their reclassification to the income
statement in the event of realization (so-called fair
value measurement recognized in the statement of
comprehensive income or FVTOCI).
This classification can be made on a security-by-security
basis, only upon initial recognition, and is irrevocable.
Dividends, from profits or profit reserves, from these
equity investments are recognised in the income
statement under 'Income (expenses) from equity
investments'. Valuation at cost of a minority
investment is permitted in the limited cases where cost
represents an adequate estimate of fair value.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-929": { "value": "
Financial liabilities
Financial liabilities, unlike derivative instruments,
including financial payables, trade payables and other
payables, are initially recorded at fair value less any
transaction-related costs; they are subsequently
recognised at amortised cost using the effective
interest rate for discounting purposes, as
demonstrated in the previous point \u2018Non-derivative
financial assets - debt securities\u2019.
Financial liabilities are derecognized upon
extinguishment or upon fulfilment, cancellation or
maturity of the contractual obligation.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-930": { "value": "
Offsetting of financial assets and liabilities
Financial assets and liabilities are offset in the
statement of financial position when there is a
currently legally enforceable right to set-off and the
intention either to settle the relationship on a net basis
(i.e. to realise the asset and settle the liability
simultaneously).
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-931": { "value": "
Financial derivatives and hedge accounting
Financial derivatives, including embedded derivatives,
are assets and liabilities recognised at fair value. Under
the scope of the strategy and objectives defined for
risk management, the qualification of transactions as
hedging requires: (i) the verification of the existence of
an economic relationship between the object hedged
and the hedging instrument for the purpose of
offsetting the changes in value and ensuring this
offsetting capacity is not invalidated by the level of
counterparty credit risk; (ii) the definition of a hedge
ratio \u00a0consistent with the risk management objectives,
under the scope of the risk management strategy
defined, where necessary activating the appropriate
rebalancing \u00a0actions. The amendments of the risk
management objectives, the disappearance of the
conditions indicated previously for the qualification of
transactions as hedging\u00a0or the activation of
rebalancing operations cause the total or partial
prospective discontinuation of the hedge.
In order to qualify a transaction as a hedge, at the start
of the hedge a formal document is prepared that
illustrates the strategies and objectives of the risk
management and identifies the hedging instrument,
the instrument hedged, the nature of the risk hedged
and the methods through which the evaluation of
whether the hedge relationship satisfies the hedge
effectiveness requirements takes place.
When hedging derivatives hedge the risk of changes in
the fair value of the hedged instruments (\u2018fair value
hedge\u2019; e.g. hedge of the risk of fluctuations in the fair
value of fixed-rate assets/liabilities), the derivatives are
recognised at fair value with attribution of the effects
on the income statement; by the same token, the
hedged instruments are adjusted to reflect in the
income statement the changes in fair value associated
with the hedged risk, regardless of the provision of a
different valuation criterion generally applicable to the
instrument type.
The group subscribes to derivative instruments to
cover the risk of changes in cash flows (cash flow
hedges) as a result of fluctuations in interest rate or
exchange rates. Changes in the fair value of hedging
derivatives considered effective are initially recognised
in the shareholders\u2019 equity reserve relating to other
components in the comprehensive income statement
and are subsequently reclassified to profit or loss in
line with the economic effects produced by the hedged
transaction. In the case of hedging future transactions
that involve the recording of a non-financial asset or
liability, the cumulative variations of the fair value of
the hedge derivatives, recognised in shareholders\u2019
equity, are recognised in the adjustment of the book
value of the non-financial asset/liability subject to
hedging (basis adjustment).
The ineffective portion of the hedge and the changes
in the fair value of derivatives that do not meet the
qualifying conditions for hedging are recognised in the
income statement.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-932": { "value": "
Treasury shares
Treasury shares, including those held to service share-
based payment plans (share incentive plans), are
measured at cost and entered as a reduction of
shareholders\u2019 equity. The economic effects arising
from any subsequent sales are recognised in
shareholders\u2019 equity.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-933": { "value": "
Distribution of dividends
The distribution of dividends to the Company\u2019s
shareholders entails the recording of a payable in the
financial statements for the period in which
distribution was approved by the Company\u2019s
shareholders or, in the case of interim dividends, by the
Board of Directors.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-934": { "value": "
5.8\u00a0 Fair value measurement
The fair value is the amount that may be received for
the sale of an asset or that may be paid for the transfer
of a liability in a regular transaction between market
operators as at the valuation date (i.e. exit price).
The fair value of an asset or liability is determined by
adopting the valuations that market operators would
use to determine the price of the asset or liability. A
fair value measurement also assumes that the asset or
liability would be traded on the main market or, failing
that, on the most advantageous market to which the
Company has access.
The fair value of a non-financial asset is determined by
considering the ability of market participants to
generate economic benefits by deploying that asset to
its highest and best use, or by selling it to another
market participant who can use it to maximise its value.
The maximum and best use of an asset is determined
from the perspective of market operators, also
hypothesising that the company intends to put it to a
different use; the current use by the company of a non-
financial asset is assumed to be the maximum and best
use of this asset, unless the market or other factors
suggest that a different use by market operators
would maximise its value.
The fair-value measurement of a financial or
nonfinancial liability, or of an equity instrument, takes
into account the quoted price for the transfer of an
identical or similar liability or equity instrument; if this
quoted price is not available, the valuation of a
corresponding asset held by a market operator as at
the valuation date is taken into account. The fair value
of financial instruments is determined by taking into
account the credit risk of the counterparty of a
financial asset (the so-called \u2018Credit Valuation
Adjustment\u2019 (CVA) and the risk of default, by the entity
itself, with respect to a financial liability (the so-called
\u2018Debit Valuation Adjustment\u2019 - DVA).
When determining fair value, a hierarchy is set out
consisting of criteria based on the origin, type and
quality of the information used in the calculation. This
classification aims to establish a hierarchy in terms of
the reliability of the fair value, giving precedence to the
use of parameters that can be observed on the market
and that reflect the assumptions that market
participants would use when valuing the asset/liability.
The fair value hierarchy includes the following levels:
\u2022 level 1: listed prices (unadjusted) in active markets
for identical assets or liabilities that the reporting
entity has the ability to access at the measurement
date;
\u2022 level 2: inputs, other than the quoted prices
included in Level 1, that can be directly or indirectly
observed for the assets or liabilities to be valued;
\u2022 level 3: inputs for assets or liabilities that are not
based on observable market data.
In the absence of available market quotations, the fair
value is determined by using valuation techniques
suitable for each individual case that maximise the use
of significant observable inputs, whilst minimising the
use of non-observable inputs.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-935": { "value": "
5.9\u00a0 Provision for risks and charges,
contingent liabilities and contingent
assets
Provisions for risks and charges concern costs and
charges of a certain nature which are certain or likely to
be incurred, but for which the amount or date of
occurrence cannot be determined at the end of the
year.
The provisions are recognised when: (i) the existence of a
current legal or implied obligation arising from a past
event is probable; (ii) it is probable that the fulfilment of
the obligation will involve a cost; (iii) the amount of the
obligation can be reliably determined. Provisions are
recognised at the value representing the best estimate of
the amount that the organisation would rationally pay to
settle the obligation or to transfer it to a third party at the
end of the reporting period; provisions relating to onerous
contracts are recognised at the lower of the cost of
fulfilling the obligation, net of the expected economic
benefits arising from the contract, and the cost of
terminating the contract.
When the financial impact of time is significant, and the
payment dates of the obligations can be reliably
estimated, the provision is calculated by discounting
the anticipated cash flows in consideration of the risks
associated with the obligation at the Company\u2019s
average debt rate; the increase in the provision due to
the passing of time is posted to the income statement
under \u2018Financial income (expense)\u2019.
When the liability is related to items of property, plant
and equipment (e.g. decommissioning and site
restoration), the provision is recognised as a contra-
entry to the related asset, and charged to the income
statement through depreciation.
The costs that the company expects to incur to initiate
restructuring programmes are recognised in the period
in which the programme is formally defined, and the
parties concerned have a valid expectation that the
restructuring will take place.
Provisions are periodically updated to reflect changes
in cost estimates, realisation times and the discount
rate; revisions in provision estimates are allocated to
the same item of the income statement where the
provision was previously reported or, when the liability
is related to property, plant and equipment (e.g.
decommissioning and site restoration), as a contra-
entry to the related asset, up to the book value; any
surplus is posted to the income statement.
The notes to the financial statements describe
contingent liabilities represented by: (i) possible (but
not probable) obligations resulting from past events,
the existence of which will be confirmed only if one or
more future uncertain events occur which are partially
or fully outside the Company\u2019s control; (ii) current
obligations resulting from past events, the amount of
which cannot be reliably estimated, or the fulfilment of
which is not likely to involve costs.
Contingent assets, or possible assets that result from
past events and whose existence will only be
confirmed when one or more uncertain future events,
not totally under the control of the business, occur or
do not occur, are not recognised unless obtaining the
related benefits is virtually certain. If obtaining the
benefits is probable, the contingent assets are
illustrated in the notes to the financial statements.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-936": { "value": "
5.10\u00a0 Non-current assets held for sale
and discontinued operations
Non-current assets or disposal groups consisting of assets
and liabilities are classified as held for sale if their book
value will be recovered mainly by their sale rather than
through continued use. This condition is regarded as
fulfilled when the sale is highly probable and the asset or
discontinued operations are available for immediate sale
in their current condition. When there is a plan to sell a
subsidiary that results in the loss of control, all of the
assets and liabilities of that investee are classified as held
for sale, regardless of whether a non-controlling interest is
retained after the sale. Verification of compliance with the
conditions for classifying an item as intended for sale
entails management making subjective assessments by
making reasonable and realistic assumptions based on
available information.
Immediately prior to classification as held for sale, the
assets and liabilities included in a disposal group are
measured in accordance with the accounting standards
applicable to them. Subsequently, non-current assets
held for sale are not amortised or depreciated and are
measured at the lower of book value and related fair
value, less any sales costs (see section 5.8 \u2018Accounting
policies - Fair-value measurements\u2019 above).
The classification of investments accounted for using the
equity method as held for sale implies the suspension of
the application of this valuation criterion. Any negative
difference between the book value of the non-current
assets and their fair value less selling costs is posted to the
income statement as an impairment loss; any subsequent
recoveries in value are recognised up to the amount of the
previously recognised impairment losses, including those
recognised prior to the asset being classified as held for
sale.
Non-current assets and disposal group-related assets
and liabilities held for sale are recognised in the
statement of financial position separately from the
group\u2019s other assets and liabilities.
Non-current assets and disposal groups, classified as
held for sale, constitute a discontinued operation if,
alternatively:
i. they represent a significant autonomous business
unit or a significant geographical area of
operations;
ii. they are part of a plan to dispose of a significant
autonomous business unit or a significant
geographical area of operations; or
iii. they relate to a subsidiary acquired exclusively to
be sold.
The economic results of discontinued operations, as
well as any capital gains/losses realised on the disposal,
are recorded separately in the Income Statement, net
of related tax effects, including for the comparative
periods.
When events occur that no longer permit non-current
assets or disposal groups to be classified as held for
sale, they are reclassified to the respective items in the
statement of financial position and recognised at the
lower of the following: the book value at the date of
classification as held for sale; and (ii) the recoverable
amount at the reclassification date.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-937": { "value": "
5.11\u00a0 Revenues
Revenues are measured for the amount equal to the
fair value of the consideration which the business
believes it has the right to in exchange for the goods
and/or services promised to the customer, with the
exception of amounts collected on behalf of third-
parties. If there is a variable consideration, the business
estimates the amount of the consideration it shall have
the right to in exchange for the transfer of goods and/
or services promised to the customer; in particular, the
amount of the consideration may vary in the presence
of discounts, refunds, incentives, price concessions,
performance bonuses, penalties or if the price itself
depends on the occurrence or non-occurrence of
certain future events.
Revenues from the Snam Group's revenues from
ordinary operations mainly refer to services related to
transportation, dispatching and storage activities and
liquefied natural gas regasification, which are
recognised in the financial statements over the period
in which the service is rendered, whether 'regulated' or
'unregulated'.
The recognition of revenues for regulated services is
conditioned and influenced by the regulatory
framework defined by ARERA, the energy regulator,
therefore the economic conditions of the services
provided are defined through regulatory schemes and
not on a negotiation basis. Tariff revenues recognised
in the income statement coincide with those
recognised by the regulator (so-called 'revenue cap').
Within the Transportation business segment, the
revenues recognised in the income statement are
updated on the basis of the best estimate of the
benchmarks included in the ROSS-Base methodology
(Settlement by Objectives of Expenditure and Service).
Based on this methodology, the amount of revenue
allowed for each year will be defined by the end of the
year following the reporting year. Any difference
between the revenue recognised by the regulator and
the accrued revenue is recognised in the line item
\u2018Trade and other receivables\u2019, if positive, and in the line
item \u2018Trade and other payables\u2019, if negative, inasmuch
as it will be subject to cash settlement with the Energy
and Environmental Services Fund (CSEA).
In the Regasification and Storage segments any
difference between the revenue recognised by the
regulator and the accrued revenue is recognised in the
line item \u2018Trade and other receivables\u2019, if positive, and
in the line item \u2018Trade and other payables\u2019, if negative,
inasmuch as it will be subject to cash settlement with
the Energy and Environmental Services Fund (CSEA).
Non-regulated revenues mainly involve: (i) fees for the
construction of biogas and biomethane plants and for
the sale of biomethane and electricity; (ii) technical/
specialist services to unconsolidated foreign
companies; (iii) the provision of services relating to
energy efficiency projects; (iv) the sale of compressors
for the automotive sector - CNG and compression
services provided by refuelling stations. These
revenues are recognised over the period of service
provision.
With specific reference to the principle of neutrality
defined by applicable regulations, transactions carried
out on the balancing market generate neither costs nor
revenue, as they are mere pass-through items. Any
(positive or negative) differences from the usage of
different prices for the transactions above will be
neutralized by recognizing an asset or liability for CSEA,
given that these differences are equalized by the
latter.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-938": { "value": "
5.12\u00a0 Employee benefits
Short-term employee benefits
Short-term benefits for employee are recognised as a
cost at the time when the service is rendered. The
Group recognises a liability, classified under \u2018Trade
payables and other payables\u2019 for the amount due to be
paid when it has a current legal or constructive
obligation to make such payments.
Post-employment benefits
Post-employment benefits are defined according to
programmes, including non- formalised programmes,
which, depending on their characteristics, are classed
as \u2018defined-benefit\u2019 or \u2018defined-contribution\u2019 plans.
Defined benefit plans
The liability associated with defined-benefit plans is
determined by estimating the present value of the
future benefits accrued by the employees during the
current year and in previous years, and by calculating
the fair value of any assets servicing the plan. The
present value of the obligations is determined based
on actuarial assumptions and is recognised on an
accruals basis consistent with the employment period
necessary to obtain the benefits.
Actuarial gains and losses relating to defined-benefit
plans arising from changes in actuarial assumptions or
experience adjustments are recognised in the
comprehensive income statement in the period in
which they occurred,and are not subsequently
recognised in the income statement. When a plan is
changed, reduced or extinguished, the relative effects
are recognised in the income statement.
Net financial expense represents the change that the
net liability undergoes during the year due to the
passing of time. Net interest is determined by applying
to the liabilities, net of any plan assets, the discount
rate used for discounting the liabilities. The net
financial expense of defined-benefit plans is
recognised in \u2018Financial expense (income)\u2019.
Defined contribution plans
In defined-contribution plans, the Company\u2019s
obligation is calculated, limited to the payment of state
contributions or to equity or a legally separate entity
(fund), based on contributions due.
The costs associated with defined-benefit
contributions are recognised in the income statement
as and when they are incurred.
Other non-current benefits
Obligations relating to other long-term benefits are
calculated using actuarial assumptions; the effects
arising from the amendments to the actuarial
assumptions or from the adjustments made based on
past experience are recognised entirely in the income
statement.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-939": { "value": "
Benefits due for the termination of
employment
Employee termination benefits are recognised as an
expense when the Group is committed without
recourse to offering such benefits or when the Group
recognises restructuring costs, whichever is earlier.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTerminationBenefits", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-940": { "value": "
Share-based payments (share-based incentive
plan)
Employee benefits, consistent with the substantial
nature of remuneration, include the cost of share-
based incentive plans. The cost of the incentive is
determined with reference to the fair value of the
instruments granted and the forecast of the number of
shares that will actually be granted; the portion
pertaining to the financial year is determined pro rata
temporis over the vesting period, i.e., the period
between the grant date and the assignment date. The
fair value of the shares underlying the incentive plan is
calculated at the grant date taking into account the
forecasts with regard to reaching the performance
parameters associated with market conditions and is
not adjusted in future financial years; when obtaining
the benefit is also connected to conditions other than
market conditions, the estimate relating to these
conditions is reflected by adjusting the number of
shares during the vesting period that are expected to
effectively be allocated.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-941": { "value": "
5.13\u00a0 Accounting for environmental
certificates - Emission trading systems
The European Emission Trading System, established to
manage and trade emission allowances, sets an upper
limit for greenhouse gas emissions produced over the
course of a year, for which a certain number of
emission allowances are issued free of charge by the
competent national authorities. In the course of the
year, depending on the actual greenhouse gas
emissions produced, each company has the option to
sell or the obligation to acquire emission allowances on
the market for a consideration.
Allowances purchased for a consideration to offset
emissions released into the atmosphere during the
year are recognised in the income statement; any
quotas purchased in excess of requirements are
recognised under \u2018Other current assets\u2019, while any
quotas allocated free of charge, not used in the year of
allocation, are not recognised in the balance sheet as
they are used for the following year's requirements.
In the case of any deficit emission allowances for which
no market purchase has been made at the end of the
reporting period, the cost and the corresponding
liability are recognised at the end of the financial year
at market value.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmissionRightsExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-942": { "value": "
5.14\u00a0 Foreign currency transactions
The criteria adopted by Snam to convert transactions in
currencies other than the functional currency (the
Euro) are summarised below:
\u2022 revenue and costs relating to transactions in
currencies other than the functional currency are
recognised at the exchange rate in effect on the
day when the transaction was carried out;
\u2022 monetary assets and liabilities in currencies other
than the functional currency are converted into
Euro by applying the exchange rate in effect on the
reporting date, allocating the effect to the income
statement;
\u2022 non-monetary assets and liabilities in currencies
other than the functional currency which are
measured at cost are recognised at the initially
recorded exchange rate; when the measurement is
made at fair value or recoverable or realisable
value, the exchange rate used is that in effect on
the measurement date.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-944": { "value": "
5.15\u00a0 Income taxes
Current income taxes are calculated on the basis of
estimated taxable income. Tax payables and
receivables for current taxes are recognised at the
value expected to be paid/recovered to/ from the tax
authorities by applying the tax rates and regulations in
force or substantially approved at the end of the
reporting period. As far as corporate income tax (IRES)
is concerned, Snam has opted for the national tax
consolidation scheme, which 25 subsidiaries formally
participate in. The expected liability is recognised
under 'Current tax liabilities'.
The regulations governing Snam Group companies\u2019
participation in the national tax consolidation scheme
require:
\u2022 subsidiaries with positive taxable income to pay the
amount due to Snam. The taxable income of the
subsidiary, used to determine the tax, is adjusted to
account for the recovery of negative components
that would have been non-deductible without the
consolidation scheme (e.g. interest expense) and
any negative taxable income relating to the
subsidiary\u2019s equity investments in consolidated
companies;
\u2022 subsidiaries with negative taxable income, if and
insofar as they have prospective profitability which,
without the national tax consolidation scheme,
would have enabled them to recognise deferred
tax assets related to the negative taxable income
on the separate financial statements, receive from
their shareholders \u2013 in the event that these are
companies with a positive taxable income or a
negative taxable income with prospective
profitability \u2013 or from Snam in other cases,
compensation amounting to the lower of the tax
saving realised by the Group and the
aforementioned deferred tax assets.
Regional production tax (IRAP) is recognised under the
item \u2018Current tax liabilities\u2019 - \u2018Current tax assets\u2019.
Deferred taxes are calculated on the timing differences
between the values of the assets and liabilities entered
in the balance sheet and the corresponding values
recognized for tax purposes, based on the prevailing
tax regulations and rates applicable in financial years in
which the temporary difference will be cancelled,
approved or essentially approved at the end of the
relevant reporting period. Deferred tax assets are
recognised when their recovery is considered probable;
specifically, the recoverability of deferred tax assets is
considered probable when taxable income is expected
to be available in the period in which the temporary
difference is cancelled, allowing for the activation of
the tax deduction. Similarly, unused tax credits and
deferred tax assets on tax losses are recognised within
the limits of their recoverability; with reference to
deferred tax assets, their recoverability is verified at
least annually.
If there are uncertainties over the application of tax
regulations: (i) in cases where it is deemed probable
that the tax authorities will accept the uncertain tax
treatment, the income taxes (current and/or deferred)
to be recognised in the financial statements according
to the tax treatment applied or which it is expected to
apply during the tax return are calculated; (ii) in cases
where it is not deemed probable that the tax
authorities will accept the uncertain tax treatment, this
uncertainty is reflected in calculating the (current and/
or deferred) income taxes to be recognised in the
financial statements.
Deferred tax assets and deferred tax liabilities are
classified under non-current assets and liabilities and
are offset at individual company level if they refer to
taxes which can be offset and/or at the level of the
consolidating company in the presence of the taxation
regime set out in the national consolidation scheme.
The balance of the offsetting, if it results in an asset, is
recognised under the item \u2018Deferred tax assets\u2019; if it
results in a liability, it is recognised under the item
\u2018Deferred tax liabilities\u2019. When the results of
transactions are recognised directly in equity, current
and deferred taxes are also posted to equity.
Global Minimum Tax (Pillar II)
Effective from 1 January 2024, the Snam Group falls
within the scope of the pillar-two income taxes
provided for by Directive 2022/2523, adopted in Italy
by Legislative Decree 209/2023 (\u2018the Decree\u2019), aimed at
ensuring a minimum global level of taxation for
multinational groups of companies.
Specifically, Snam, together with its \u2018minority
subsidiaries\u2019 (i.e. other \u2018entities\u2019 consolidated item by
item by CDP in which Snam holds a \u2018controlling
interest\u2019), qualifies as a \u2018minority subgroup\u2019 (see Article
38, paragraph 1, letter c, of the Decree), attributable to
the CDP Group.
The latter has as its \u2018parent company\u2019, Cassa Depositi e
Prestiti S.p.A. (CDP), which qualifies as an Ultimate
Parent Entity - UPE - as it consolidates \u2018item by item\u2019
various \u2018entities\u2019 (including CDP Reti and Snam as well
as other entities in which Snam holds a stake) and is
not, in turn, consolidated \u2018item by item\u2019 by another
\u2018entity\u2019.
As required by paragraph 4.A of IAS 12, in derogation
from the provisions of this standard, Snam has not
detected or communicated information on deferred
tax assets and liabilities relating to second pillar income
taxes.
Based on the information gathered and processed in
accordance with current regulations, a reasonable
estimate was made of the Snam Group's exposure to
pillar-two income taxes at 31 December 2024. The
exposure estimate was not found to be material.
It should be noted that the above estimate was made
taking into account the specific conditions in the
Decree and in the OECD GloBE Rules
for the treatment of 'Minority-Owned Subgroups' with
regard to both the so-called 'simplified transitional
arrangements' and the 'global minimum tax' (full
compliance).
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-943": { "value": "
5.15\u00a0 Income taxes
Current income taxes are calculated on the basis of
estimated taxable income. Tax payables and
receivables for current taxes are recognised at the
value expected to be paid/recovered to/ from the tax
authorities by applying the tax rates and regulations in
force or substantially approved at the end of the
reporting period. As far as corporate income tax (IRES)
is concerned, Snam has opted for the national tax
consolidation scheme, which 25 subsidiaries formally
participate in. The expected liability is recognised
under 'Current tax liabilities'.
The regulations governing Snam Group companies\u2019
participation in the national tax consolidation scheme
require:
\u2022 subsidiaries with positive taxable income to pay the
amount due to Snam. The taxable income of the
subsidiary, used to determine the tax, is adjusted to
account for the recovery of negative components
that would have been non-deductible without the
consolidation scheme (e.g. interest expense) and
any negative taxable income relating to the
subsidiary\u2019s equity investments in consolidated
companies;
\u2022 subsidiaries with negative taxable income, if and
insofar as they have prospective profitability which,
without the national tax consolidation scheme,
would have enabled them to recognise deferred
tax assets related to the negative taxable income
on the separate financial statements, receive from
their shareholders \u2013 in the event that these are
companies with a positive taxable income or a
negative taxable income with prospective
profitability \u2013 or from Snam in other cases,
compensation amounting to the lower of the tax
saving realised by the Group and the
aforementioned deferred tax assets.
Regional production tax (IRAP) is recognised under the
item \u2018Current tax liabilities\u2019 - \u2018Current tax assets\u2019.
Deferred taxes are calculated on the timing differences
between the values of the assets and liabilities entered
in the balance sheet and the corresponding values
recognized for tax purposes, based on the prevailing
tax regulations and rates applicable in financial years in
which the temporary difference will be cancelled,
approved or essentially approved at the end of the
relevant reporting period. Deferred tax assets are
recognised when their recovery is considered probable;
specifically, the recoverability of deferred tax assets is
considered probable when taxable income is expected
to be available in the period in which the temporary
difference is cancelled, allowing for the activation of
the tax deduction. Similarly, unused tax credits and
deferred tax assets on tax losses are recognised within
the limits of their recoverability; with reference to
deferred tax assets, their recoverability is verified at
least annually.
If there are uncertainties over the application of tax
regulations: (i) in cases where it is deemed probable
that the tax authorities will accept the uncertain tax
treatment, the income taxes (current and/or deferred)
to be recognised in the financial statements according
to the tax treatment applied or which it is expected to
apply during the tax return are calculated; (ii) in cases
where it is not deemed probable that the tax
authorities will accept the uncertain tax treatment, this
uncertainty is reflected in calculating the (current and/
or deferred) income taxes to be recognised in the
financial statements.
Deferred tax assets and deferred tax liabilities are
classified under non-current assets and liabilities and
are offset at individual company level if they refer to
taxes which can be offset and/or at the level of the
consolidating company in the presence of the taxation
regime set out in the national consolidation scheme.
The balance of the offsetting, if it results in an asset, is
recognised under the item \u2018Deferred tax assets\u2019; if it
results in a liability, it is recognised under the item
\u2018Deferred tax liabilities\u2019. When the results of
transactions are recognised directly in equity, current
and deferred taxes are also posted to equity.
Global Minimum Tax (Pillar II)
Effective from 1 January 2024, the Snam Group falls
within the scope of the pillar-two income taxes
provided for by Directive 2022/2523, adopted in Italy
by Legislative Decree 209/2023 (\u2018the Decree\u2019), aimed at
ensuring a minimum global level of taxation for
multinational groups of companies.
Specifically, Snam, together with its \u2018minority
subsidiaries\u2019 (i.e. other \u2018entities\u2019 consolidated item by
item by CDP in which Snam holds a \u2018controlling
interest\u2019), qualifies as a \u2018minority subgroup\u2019 (see Article
38, paragraph 1, letter c, of the Decree), attributable to
the CDP Group.
The latter has as its \u2018parent company\u2019, Cassa Depositi e
Prestiti S.p.A. (CDP), which qualifies as an Ultimate
Parent Entity - UPE - as it consolidates \u2018item by item\u2019
various \u2018entities\u2019 (including CDP Reti and Snam as well
as other entities in which Snam holds a stake) and is
not, in turn, consolidated \u2018item by item\u2019 by another
\u2018entity\u2019.
As required by paragraph 4.A of IAS 12, in derogation
from the provisions of this standard, Snam has not
detected or communicated information on deferred
tax assets and liabilities relating to second pillar income
taxes.
Based on the information gathered and processed in
accordance with current regulations, a reasonable
estimate was made of the Snam Group's exposure to
pillar-two income taxes at 31 December 2024. The
exposure estimate was not found to be material.
It should be noted that the above estimate was made
taking into account the specific conditions in the
Decree and in the OECD GloBE Rules
for the treatment of 'Minority-Owned Subgroups' with
regard to both the so-called 'simplified transitional
arrangements' and the 'global minimum tax' (full
compliance).
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-945": { "value": "
5.16\u00a0 Segment reporting (operating
segments)
The information on business segments was prepared in
accordance with the provisions of IFRS 8 - 'Operating
Segments'. The identification of the operating
segments and the information presented are defined
on the basis of the internal reporting used by
Company\u2019s Chief Operating Decision Maker (\u201cCODM\u201d)
management for the allocation of resources to the
various segments and for the analysis of their
performance.
An operating segment is defined by IFRS 8 as the
component of an entity: (i) that engages in business
activities from which it may earn revenue and incur
expenses (including revenue and expenses relating to
transactions with other components of the same
entity); (ii) that has operating results which are
regularly reviewed by the entity\u2019s most senior decision-
makers for the purpose of making decisions about
resources to be allocated to the segment and assessing
its performance; (iii) for which separate financial
information is available.
With reference to the 2024 financial year, the business
segments subject to reporting under IFRS 8 are
represented by: (i) the Transportation segment,
relating to natural gas transportation activities; (ii) the
Regasification segment, relating to Liquefied Natural
Gas regasification activities; (iii) the Storage segment,
relating to natural gas storage activities; (iv) the Energy
transition segment, relating to energy efficiency,
biogas/ biomethane business and hydrogen start-up
projects, as well as Carbon Capture and Storage (CCS)
projects.
Activities related to the unregulated mobility and
liquefaction business do not constitute a separately
reported operating segment.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-946": { "value": "
6)\u00a0 ASSUMPTIONS AND
UNCERTAINTIES IN ESTIMATES
The application of generally accepted accounting
principles for the preparation of financial statements
involves management making accounting estimates
based on complex and/or subjective judgements,
estimates based on past experience and assumptions
regarded as reasonable and realistic on the basis of the
information known at the time of the estimate. The
use of these accounting estimates affects the carrying
value of assets and liabilities and the disclosure of
contingent assets and liabilities at the end of the
reporting period, as well as the amount of revenues
and costs in the reporting period. Actual results may
differ from those estimated due to the uncertainty
surrounding the assumptions and conditions on which
the estimates are based. Details are given below about
the critical accounting estimates involved in the
process of preparing the financial statements and
interim reports, since they involve a high degree of
recourse to subjective judgements, assumptions and
estimates regarding matters that are by nature
uncertain. Changes in the conditions forming the basis
of the judgements, assumptions and estimates used
could have a significant impact on subsequent results.
6.1\u00a0 Impairment of non-financial
assets
Non-financial assets are impaired when events or
changes in circumstances give cause to believe that the
book value is not recoverable. The events that can lead
to an impairment of assets include changes in business
plans, changes in market prices or a reduced use of
plants. The decision on whether to apply impairment
and the quantification of any such impairment depend
on the Company\u2019s management assessment of
complex and highly uncertain factors, such as future
price trends, the impact of inflation and technological
improvements on production costs, production profiles
and conditions of supply and demand. The impairment
is determined by comparing the carrying amount with
the relevant recoverable amount, represented by the
higher of fair value, net of disposal costs, and value in
use determined by discounting the expected cash
flows from the use of the asset, i.e. represented by the
RAB in the context of regulated businesses. Expected
cash flows are quantified in light of the information
available at the time of the estimate on the basis of
subjective judgments about the development of future
variables, such as prices, costs, demand growth rates,
and production profiles, and are discounted using a
rate that takes into account the risk inherent in the
activity concerned. The rationale behind the
impairment test carried out by management in relation
to property, plant and equipment, intangible assets,
goodwill and investments accounted for using the
equity method is illustrated in Notes 8 'Property, Plant
and Equipment', 9 'Intangible assets and goodwill' and
10 'Investments accounted for using the equity
method', respectively.
6.2\u00a0 Impairment of financial assets
At each reporting date, assessments are made of the
recoverability of financial assets in order to determine
the value of expected credit losses (ECL).
In particular, the valuation of trade receivables is
carried out using the simplified approach established
by IFRS 9, which involves estimating the ECL over the
life of the receivable.
For trade receivables related to regulated activities,
the valuation takes into account the hedging and
guarantee mechanisms established by the Authority,
the Codes as well as existing contractual agreements
with customers.
Impairment for trade receivables arising from
unsettled assets is generally based on the ECL model
and is performed through the use of both qualified
external providers and by means of analysis -
performed for uniform categories of counterparties -
on observed historical data with respect to the
recoverability of the receivable.\u00a0
In general, for certain categories of credits
characterised by peculiar risk elements (e.g. litigation
or credit recovery practices through legal/judicial
proceedings), specific assessments are carried out on
individual credit positions.
The rationale behind the ECL model are explained in
Note 5.7 \u2018Significant Accounting Policies - Financial
Instruments - Non-Derivative Financial Assets -
Receivables and Debt Securities\u2019, respectively.
6.3\u00a0 Provision for risks and charges
Provision for decommissioning and site
restoration
The Snam Group incurs significant liabilities associated
with obligations to remove and decommission plants
or parts of plants. Estimating future decommissioning
and restoration costs is a complex process and requires
the assessment and judgement of the Company\u2019s
management in placing a value on the liabilities that
will be incurred many years in the future for
compliance with decommissioning and restoration
obligations, which often cannot be fully defined by
laws, administrative regulations or contractual clauses.
In addition, these obligations are affected by constant
changes in technology and in decommissioning and
restoration costs, as well as the constant growth of
political and public awareness regarding matters of
health and protection of the environment.
The critical nature of the accounting estimates for
decommissioning and restoration costs also depends
on the technique used to account for these costs, the
present value of which is initially capitalised together
with the cost of the asset to which they relate as a
contra-entry to the provision for risks. Thereafter, the
value of the provision for risks is updated to reflect the
passing of time and any changes in the estimate as a
result of changes in expected cash flows, the timing of
their realisation and the discount rates applied.
The calculation of the discount rate to be used both in
the initial valuation of the cost and in subsequent
valuations is the result of a complex process which
involves subjective judgements on the part of the
Company\u2019s management.
With reference to the FSRU terminal in Ravenna, one of
the provisions contained in the state concession
granted by the Port Authorities for the Central-
Northern Adriatic Sea (hereinafter the \u2018ADSP\u2019), held by
Snam FSRU Italia, is that the ADSP, at the end of the
concession period, may forfeit existing works, or
request the removal of the same at the expense and
care of the concession holder.
Taking this into account, the Group examined the legal
aspects of the concession deed and concluded that the
risk for the company to incur potential restoration
costs should be considered as possible.
It should also be noted that the terminal, together with
the ancillary works falling within the perimeter of the
concession, originally built in the 1980s, has been used
to carry out different activities, according to the
diverse needs that have emerged over time. This
supports the conclusion reached by the Group that it is
not possible to assign a different valuation to the
current one, considering the historical and functional
evolution of the works.
In addition, it should be noted that the Group has
carried out a technical assessment to estimate possible
restoration costs, quantifiable as approximately \u20ac170
million.
With regard to accounting profiles, since the conditions
in IAS 37 were not met, the Group did not recognise
any provision for the decommissioning and restoration
of the Ravenna site.
Environmental liabilities
The Snam Group is subject, in relation to its activities,
to numerous laws and regulations on environmental
protection at European, national, regional and local
level, including the laws which implement international
conventions and protocols relating to the activities
carried out. With reference to this legislation, when it is
probable that the existence and amount of a large
liability can be reliably estimated, provisions are made
for the associated costs.
The group does not currently believe that there will be
any particularly significant negative effects on the
financial statements due to non-compliance with
environmental regulations. Even taking into account
the actions already undertaken, however, it cannot be
excluded with certainty that Snam may incur further
costs or liabilities, even of significant proportions, as
the current state of knowledge does not allow for the
effects of future developments to be considered,
taking into account, among others, inter alia, the
following aspects: (i) the possible emergence of
contamination; (ii) the outcome of the refurbishment in
progress and to be followed and the other possible
effects arising from the application of the laws in force;
(iii) the possible effects of new laws and regulations for
environmental protection; (iv) the effects of any
technological innovations for environmental
reclamation; (v) the possibility of disputes and the
difficulty of determining the possible consequences,
also in relation to the liability of other parties and to
possible compensation payments.
Provisions for legal and tax disputes
The estimation of the group\u2019s provisions for these
purposes is the result of a complex process involving
subjective judgements by Company management.
6.4\u00a0 Investments and business
combinations
Verification of the existence of control, joint control,
considerable influence over another entity as well as, in
the case of joint operations, verification of the
existence of enforceable rights and obligations
requires Corporate Management to exercise
professional judgement taking into consideration the
characteristics of the corporate structure and
agreements between the parties as well as other facts
and circumstances that are relevant for the purpose of
this check. Similar considerations also apply in cases of
a planned change in status following a loss of control,
joint control or connection with the possible need to
activate the classification as \u2018assets held for sale/
discontinued operation\u2019.
The reporting of business combination transactions
involves the allocation to the assets and liabilities of
the acquired company of the difference between the
acquisition cost and the net book value. For the
majority of assets and liabilities, the difference is
allocated by recognising the assets and liabilities at
their fair value. The unallocated portion, if positive, is
recognised as goodwill; if negative, it is allocated to the
income statement. In the allocation process, the Snam
Group draws on the available information and, for the
most significant business combinations, on external
valuations.
6.5\u00a0 Employee benefits
Defined-benefit plans are valued on the basis of
uncertain events and actuarial assumptions which
include, inter alia, the discount rates, the expected
returns on the assets servicing the plans (where they
exist), the level of future remuneration, mortality rates,
the retirement age and future trends in the healthcare
expenses covered.
The main assumptions used to quantify defined-benefit
plans are determined as follows: (i) the discount and
inflation rates, based on which the obligation to
employees might actually be fulfilled are based on the
rates which mature on high-quality bonds and on
inflation expectations; (ii) the level of future
remuneration is determined on the basis of elements
such as inflation expectations, productivity, career
advancement and seniority; (iii) the future cost of
healthcare services is determined on the basis of
elements such as present and past trends in healthcare
costs, including assumptions regarding the inflationary
growth of costs, and changes in the health of the
participating employees; (iv) the demographic
assumptions reflect the best estimates of trends in
variables such as mortality, turnover, invalidity and
others in relation to the population of the participating
employees.
Differences in the value of net liabilities (assets) in
employee benefit plans, arising due to changes in the
actuarial assumptions used and the difference
between the actuarial assumptions previously adopted
and actual events, occur routinely and are called
actuarial gains and losses. Actuarial gains and losses
relating to defined benefit plans are recognised in the
comprehensive income statement. Actuarial
assumptions are also used to determine obligations
relating to other long-term benefits; to this end, the
effects arising from changes to the actuarial
assumptions or the characteristics of the benefit are
fully recognised in the income statement.
Liabilities associated with redundancy incentives are
also estimated by the Company.
6.6\u00a0 Fair value
Calculating the fair value of financial and non-financial
instruments is a structured process featuring the use
of complex evaluation methodologies and techniques
that involve collecting up to date information from the
reference markets and/or using internal input data.
Similar to other estimates, calculating the fair value,
albeit based on the best information available and on
the adoption on adequate evaluation methodologies
and techniques, it intrinsically features random
elements and the exercising of professional judgement
and could create forecasts with different values from
those that will effectively be realised.
6.7\u00a0 Classification and measurement
of investments made for the
development and maintenance of
proprietary infrastructures
The Snam Group makes significant investments for the
development and maintenance of its own
infrastructures. Assessing the recoverability of the
investments currently underway and the distinction of
the costs as improvements, upgrades and
transformations that increase the infrastructure and
the expenses for ordinary maintenance and repairs
which restore but do not increase the performance of
the assets, includes valuation elements. These
assessments are formulated on the basis of objective
criteria that the Group has developed to facilitate an
application consistent with its accounting policies.
", "dimensions": { "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-947": { "value": "
6.3\u00a0 Provision for risks and charges
Provision for decommissioning and site
restoration
The Snam Group incurs significant liabilities associated
with obligations to remove and decommission plants
or parts of plants. Estimating future decommissioning
and restoration costs is a complex process and requires
the assessment and judgement of the Company\u2019s
management in placing a value on the liabilities that
will be incurred many years in the future for
compliance with decommissioning and restoration
obligations, which often cannot be fully defined by
laws, administrative regulations or contractual clauses.
In addition, these obligations are affected by constant
changes in technology and in decommissioning and
restoration costs, as well as the constant growth of
political and public awareness regarding matters of
health and protection of the environment.
The critical nature of the accounting estimates for
decommissioning and restoration costs also depends
on the technique used to account for these costs, the
present value of which is initially capitalised together
with the cost of the asset to which they relate as a
contra-entry to the provision for risks. Thereafter, the
value of the provision for risks is updated to reflect the
passing of time and any changes in the estimate as a
result of changes in expected cash flows, the timing of
their realisation and the discount rates applied.
The calculation of the discount rate to be used both in
the initial valuation of the cost and in subsequent
valuations is the result of a complex process which
involves subjective judgements on the part of the
Company\u2019s management.
With reference to the FSRU terminal in Ravenna, one of
the provisions contained in the state concession
granted by the Port Authorities for the Central-
Northern Adriatic Sea (hereinafter the \u2018ADSP\u2019), held by
Snam FSRU Italia, is that the ADSP, at the end of the
concession period, may forfeit existing works, or
request the removal of the same at the expense and
care of the concession holder.
Taking this into account, the Group examined the legal
aspects of the concession deed and concluded that the
risk for the company to incur potential restoration
costs should be considered as possible.
It should also be noted that the terminal, together with
the ancillary works falling within the perimeter of the
concession, originally built in the 1980s, has been used
to carry out different activities, according to the
diverse needs that have emerged over time. This
supports the conclusion reached by the Group that it is
not possible to assign a different valuation to the
current one, considering the historical and functional
evolution of the works.
In addition, it should be noted that the Group has
carried out a technical assessment to estimate possible
restoration costs, quantifiable as approximately \u20ac170
million.
With regard to accounting profiles, since the conditions
in IAS 37 were not met, the Group did not recognise
any provision for the decommissioning and restoration
of the Ravenna site.
Environmental liabilities
The Snam Group is subject, in relation to its activities,
to numerous laws and regulations on environmental
protection at European, national, regional and local
level, including the laws which implement international
conventions and protocols relating to the activities
carried out. With reference to this legislation, when it is
probable that the existence and amount of a large
liability can be reliably estimated, provisions are made
for the associated costs.
The group does not currently believe that there will be
any particularly significant negative effects on the
financial statements due to non-compliance with
environmental regulations. Even taking into account
the actions already undertaken, however, it cannot be
excluded with certainty that Snam may incur further
costs or liabilities, even of significant proportions, as
the current state of knowledge does not allow for the
effects of future developments to be considered,
taking into account, among others, inter alia, the
following aspects: (i) the possible emergence of
contamination; (ii) the outcome of the refurbishment in
progress and to be followed and the other possible
effects arising from the application of the laws in force;
(iii) the possible effects of new laws and regulations for
environmental protection; (iv) the effects of any
technological innovations for environmental
reclamation; (v) the possibility of disputes and the
difficulty of determining the possible consequences,
also in relation to the liability of other parties and to
possible compensation payments.
Provisions for legal and tax disputes
The estimation of the group\u2019s provisions for these
purposes is the result of a complex process involving
subjective judgements by Company management.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDecommissioningRestorationAndRehabilitationProvisionsExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-948": { "value": "
8)\u00a0 PROPERTY, PLANT AND EQUIPMENT
31.12.2023
(million euros)
Land
Buildings
Plant and
equipment
Industrial and
Commercial
Equipment
Other assets
Assets under
construction and
advances
Total
Historical Cost at 31.12.2022
209
570
26,363
166
329
1,689
29,326
Addition
12
2
45
8
1,454
1,521
Disposal
(9)
(1)
(1)
(11)
Change in the scope of consolidation
5
4
56
402
467
Other changes
1
16
1,222
2
34
(1,263)
12
Changes in rights of use for leased assets
12
6
(9)
2
11
Historical Cost at 31.12.2023
239
598
27,668
175
365
2,281
31,326
- of which rights of use for leased assets
34
37
2
4
77
Accumulated depreciation/amortization at
31.12.2022
(5)
(179)
(10,913)
(92)
(152)
(11,341)
Depreciation
(13)
(694)
(17)
(53)
(777)
Change in the scope of consolidation
(2)
(22)
(24)
Other changes
3
23
4
30
Depreciation of rights of use for leased assets
(3)
(5)
(1)
(9)
Accumulated depreciation/amortization at
31.12.2023
(8)
(196)
(11,606)
(105)
(206)
(12,121)
- of which rights of use for leased assets
(8)
(20)
(3)
(31)
Provision for impairment of assets at
31.12.2022
(1)
(6)
(33)
(1)
(85)
(126)
Impairment
(2)
(126)
(1)
(9)
(138)
Other changes
1
1
Rights of use for leased assets
(1)
(1)
Provision for impairment of assets at
31.12.2023
(3)
(7)
(159)
(2)
(93)
(264)
- of which rights of use for leased assets
(2)
(2)
NET BOOK VALUE AS AT 31.12.2022
203
385
15,417
73
177
1,604
17,859
NET BOOK VALUE AS AT 31.12.2023
228
395
15,903
68
159
2,188
18,941
31.12.2024
(million euros)
Land
Buildings
Plant and
equipment
Industrial and
Commercial
Equipment
Other assets
Assets under
construction and
advances
Total
Historical Cost at 31.12.2023
239
598
27,668
175
365
2,281
31,326
Addition
3
3
19
8
1
2,601
2,635
Disposal
(15)
(15)
Other changes
45
1,079
11
35
(1,181)
(11)
Changes in rights of use for leased assets
21
6
27
Historical Cost at 31.12.2024
263
646
28,751
194
407
3,701
33,962
- of which rights of use for leased assets
55
37
1
11
104
Accumulated depreciation/amortization at
31.12.2023
(8)
(196)
(11,606)
(105)
(206)
(12,121)
Depreciation
(24)
(716)
(16)
(53)
(809)
Disposal
1
1
Other changes
24
2
3
29
Depreciation of rights of use for leased assets
(6)
(5)
(3)
(14)
Changes in rights of use for leased assets
3
3
Accumulated depreciation/amortization at
31.12.2024
(14)
(222)
(12,297)
(119)
(259)
(12,911)
- of which rights of use for leased assets
(15)
(22)
(4)
(41)
Provision for impairment of assets at
31.12.2023
(3)
(7)
(159)
(2)
(93)
(264)
Impairment
(16)
(28)
(44)
Other changes
(2)
5
3
Provision for impairment of assets at
31.12.2024
(3)
(7)
(177)
(2)
(116)
(305)
- of which rights of use for leased assets
(2)
(2)
NET BOOK VALUE AS AT 31.12.2023
228
395
15,903
68
159
2,188
18,941
NET BOOK VALUE AS AT 31.12.2024
246
417
16,277
73
148
3,585
20,746
\"\"
Property, plant and equipment (\u20ac20,746 million) mainly relates to the infrastructure serving the transportation
business (\u20ac 15,437 million), such as pipelines, valve on-off points, sorting nodes, reduction plants and equipment,
necessary for the operation of the network, and the propulsion units (compressors and turbines) of the units used
for gas compression activities in the gas pipelines.
Investments 168 ( 2,635 million) mainly refer to the transportation and regasification sectors and concern:
\u2022 for the transportation sector, as well as investments for works to maintain the safety and quality levels of the
plants, and connections, including the connection of the Ravenna regasification terminal to the gas
transportation network, and the start of work on the Adriatic Line;
\u2022 for the regasification sector, work to upgrade the Ravenna FSRU and the terminal.\u00a0
During the year, Snam capitalised financial expenses for \u20ac 46 million (\u20ac21 million in 2023).
Depreciation (\u20ac823 million) refers to economic-technical depreciation determined on the basis of the useful life of
assets, i.e. their residual possibility of use by the company.
The impairment of assets (\u20ac44 million) are mainly related to the transportation sector and concern, in particular,
certain sections of gas pipelines.
The value of the plant and machinery includes the estimate of the costs, discounted, that will be incurred for the
removal of the structures and the restoration of the sites (\u20ac 251 million, net of accumulated depreciation) mainly
relating to storage (\u20ac203 million).
Other changes (-21 million euros) mainly refer to: (i) the effects deriving from the adjustment of the current value
of the disbursements for the costs of dismantling and restoring the sites (+116 million euros), due to the higher
estimated costs of carrying out the related work, partly offset by the higher expected discount rates; (ii) the change
in inventories of piping and related ancillary materials used in plant construction activities, referring to the natural
gas transportation segment (- \u20ac45 million); (iii) contributions on works for interference with third parties (so-called
recharges; - 52 million euros).
Contractual commitments for the acquisition of property, plant and equipment, as well as for the provision of
services related thereto, are indicated in Note 25 'Guarantees and Commitments'.
No collateral is pledged on property, plant or equipment.
8.1\u00a0 Plant, property and equipment by business segment
Property, plant and equipment by business segment are analysed as follows:
(million euros)
31.12.2023
31.12.2024
Historical cost
31,326
33,962
Transportation
24,872
26,497
Storage
4,520
4,891
Regasification
1,268
1,772
Energy Transition
601
693
Other segments
38
70
Amounts not allocated to segments
27
39
Accumulated depreciation/amortization and provision for impairment of
assets
(12,385)
(13,216)
Transportation
(10,410)
(11,060)
Storage
(1,546)
(1,655)
Regasification
(121)
(160)
Energy Transition
(278)
(306)
Other segments
(12)
(12)
Amounts not allocated to segments
(18)
(23)
NET BOOK VALUE
18,941
20,746
Transportation
14,462
15,437
Storage
2,974
3,236
Regasification
1,147
1,612
Energy Transition
323
387
Other segments
26
58
Amounts not allocated to segments
9
16
", "dimensions": { "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-949": { "value": "
9)\u00a0 INTANGIBLE ASSETS AND GOODWILL
31.12.2023
Finite useful life
Indefinite
useful life
(million euros)
Industrial patent and
intellectual property rights
Concessions, licences, trade
marks and similar rights
Other Intangible Assets
Assets under construction and
advances
Goodwill
Total
Historical Cost at 31.12.2022
1,127
875
86
107
96
2,291
Addition
1
4
2
246
253
Change in the scope of consolidation
52
24
76
Impairment
(2)
(40)
(42)
Other changes
76
4
11
(185)
(94)
Historical Cost at 31.12.2023
1,204
935
97
168
80
2,484
Accumulated depreciation/amortization at
31.12.2022
(821)
(112)
(35)
(968)
Depreciation
(116)
(11)
(12)
(139)
Other changes
94
1
95
Accumulated depreciation/amortization at
31.12.2023
(843)
(122)
(47)
(1,012)
Provision for impairment of assets at 31.12.2022
(2)
(2)
Impairment
(1)
(9)
(7)
(3)
(20)
Other changes
(1)
(1)
Provision for impairment of assets at 31.12.2023
(4)
(9)
(7)
(3)
(23)
NET BOOK VALUE AS AT 31.12.2022
304
763
51
107
96
1,321
NET BOOK VALUE AS AT 31.12.2023
357
804
43
165
80
1,449
31.12.2024
Finite useful life
Indefinite
useful life
(million euros)
Industrial patent and
intellectual property rights
Concessions, licences, trade
marks and similar rights
Other Intangible Assets
Assets under construction and
advances
Goodwill
Total
Historical Cost at 31.12.2023
1,204
935
97
168
80
2,484
Addition
198
10
15
54
277
Disposal
(1)
(1)
Change in the scope of consolidation
(8)
(8)
Other changes
10
(7)
(1)
(7)
(5)
Historical Cost at 31.12.2024
1,412
930
111
214
80
2,747
Accumulated depreciation/amortization at
31.12.2023
(843)
(122)
(47)
(1,012)
Depreciation
(136)
(13)
(12)
(161)
Other changes
(3)
3
2
2
Accumulated depreciation/amortization at
31.12.2024
(982)
(132)
(57)
(1,171)
Provision for impairment of assets at 31.12.2023
(4)
(9)
(7)
(3)
(23)
Impairment
(1)
(1)
Change in the scope of consolidation
8
8
Provision for impairment of assets at 31.12.2024
(5)
(1)
(7)
(3)
(16)
NET BOOK VALUE AS AT 31.12.2023
357
804
43
165
80
1,449
NET BOOK VALUE AS AT 31.12.2024
425
797
47
211
80
1,560
Industrial patent and intellectual property rights (\u20ac 425 million) mainly relate to information systems and
applications to support operations.
\"\"
Concessions, licences, trademarks and similar rights (\u20ac
797 million) mainly refer to concessions for natural gas
storage activities (\u20ac658 million) and, in particular, the
Settala (\u20ac226 million), Sergnano (\u20ac127 million) and
Fiume Treste (\u20ac91 million) concessions. The value of
storage concessions is represented by the reserves of
natural gas in reservoirs (so-called 'Cushion Gas' 169).
Other intangible assets (\u20ac 47 million) mainly include
the fair value assigned, in previous years, under the
Purchase Price Allocation (PPA), as governed by IFRS 3
'Business Combinations', relating in particular to the
order backlog pertaining to the energy efficiency
business (approximately \u20ac31 million). Amortization is
based on the average duration of the contracts.
Goodwill (\u20ac 80 million) is allocated to the ITG CGUs
Transportation, Energy Efficiency and Agri Biomethane.
The investments (\u20ac 277 million), mainly relate to the
development of information systems in the
transportation sector (\u20ac180 million) 170 andthe Carbon
Capture Storage (CCS) project, concerning the capture
and storage of CO2 (\u20ac 42 million).
Amortization and depreciation (\u20ac161 million) refer to
economic-technical amortization determined on the
basis of the useful life (finite useful life) of intangible
assets, i.e. on the basis of their remaining use by the
Group.
Contractual commitments for the purchase of
intangible assets as well as for the provision of services
related to their realisation are described in Note 25
'Guarantees and commitments'.
9.1\u00a0 Intangible assets by business
segment
Intangible assets by business segment are analysed as
follows:
(million euros)
31.12.2023
31.12.2024
Historical cost
2,484
2,747
Transportation
1,110
1,291
Storage
891
911
Regasification
17
22
Energy Transition
305
308
Other segments
9
11
Amounts not allocated to
segments
152
204
Accumulated
depreciation/amortization
and provision for
impairment of assets
(1,035)
(1,187)
Transportation
(696)
(816)
Storage
(181)
(195)
Regasification
(8)
(11)
Energy Transition
(76)
(80)
Other segments
(8)
(9)
Amounts not allocated to
segments
(66)
(76)
NET BOOK VALUE
1,449
1,560
Transportation
414
475
Storage
710
716
Regasification
9
11
Energy Transition
229
228
Other segments
1
2
Amounts not allocated to
segments
86
128
", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-950": { "value": "
9.2\u00a0 Impairment test
As required by the relevant accounting standard (IAS
36), impairment testing must be performed at least
annually for all CGUs (or groups of CGUs) to which
goodwill has been allocated, as well as for CGUs (or
groups of CGUs) with intangible assets that have an
indefinite useful lives and intangible assets not yet
available for use. For all remaining CGUs (or groupings
of CGUs), impairment testing is performed only in the
presence of impairment indicators. In a macroeconomic
framework characterised by falling interest rates
compared to 2023, with forecasts of further cuts in
2025, the level of inflation in 2024 still remained above
the ECB's targets. Therefore, although no specific
indicators of impairment were found, the test was
performed for all the main CGUs and groupings of
CGUs, in particular:
\u2022 for gas infrastructure, for the Snam Rete Gas, ITG,
LNG, FSRU Piombino and Stogit CGUs; limited to
the ITG CGU, goodwill of \u20ac27 million was allocated;
\u2022 for the sustainable mobility business, consisting of
petrol stations, and micro-liquefaction plants, for
the Greenture CGU;
\u2022 for the Biomethane Agri CGU 171, consisting of
agricultural biomass treatment plants for the
production of biogas/biomethane and related
services, goodwill of \u20ac35 million was allocated;
\u2022 for the Biomethane Waste CGU 172, consisting of the
FORSU treatment plants with reference to which,
at 31 December 2024, there was no outstanding
goodwill allocated against the impairment charges
made;
\u2022 for the energy efficiency business, by the Energy
Efficiency CGU grouping, consisting of the Renovit
Business Solutions CGU (formerly TEP Energy
Solution, Renovit Public Solutions, Renovit Building
Solutions (formerly Evolve), as well as the sub-
holding Renovit, to which goodwill totalling \u20ac18
million was allocated; this is due to the strong
vertical integration between the companies in the
management of know-how and technologies, which
allows for the creation of important synergies in
presenting a unified offer to the market.
The impairment test was performed on the basis of a
similar CGU set-up as last year.
The recoverable amount of the Greenture CGU was
determined, as the value in use, based on the cash
flows of the 2025-2029 Corporate Plan, using the
Discounted Cash Flow (DCF) Method. For the
discounting of cash flows, the Weighted Average Cost
of Capital (WACC) was used. The Terminal Value was
calculated using the perpetuity method, applying a
growth rate substantially in line with market evidence
for the expected long-term inflation rate for the
reference area, based on values provided by the
International Monetary Fund (IMF).
With reference to the biomethane business, the
recoverable value of the two CGUs identified,
Biomethane Agri CGU and Biomethane Waste CGU,
was determined, as the value in use, based on the
Discounted Cash Flow (DCF) Method, using the
2025-2029 Plan approved by the Board. For the Agri
Biomethane CGU, cash flows were determined
considering a longer time horizon than the Plan's
forecast data, in line with the duration of the period in
which incentivised tariffs apply (i.e. until 2040),
introduced by the Biomethane Decree (DM
15/09/2022). For the discounting of cash flows, the
Weighted Average Cost of Capital (WACC) was used.\u00a0
The terminal value was calculated using the perpetuity
method, applying a growth rate no higher than the
market evidence for the expected inflation rate in the
long term, based on values provided by the IMF.
With regard to the Energy Efficiency business, the
recoverable amount of the Energy Efficiency CGU
grouping was determined, as the value in use, based on
the Discounted Cash Flow (DCF) Method. The cash
flows were determined considering a longer time
horizon than the forecast figures of the 2025-2029
Plan approved by the Board, in line with the end of the
expected period for the recovery of tax bonus-related
returns (i.e. until 2034). For the discounting of cash
flows, the Weighted Average Cost of Capital (WACC)
was used. The terminal value was calculated using the
perpetuity method, applying a growth rate in line with
market evidence for the expected inflation rate in the
long term, based on values provided by the IMF.
With reference to the Transportation (Snam Rete Gas),
Regasification (FSRU Piombino and LNG) and Storage
(Stogit) CGUs, the recoverable value was defined as
corresponding to the estimated value of the Net
Invested Capital recognised to these assets for tariff
purposes (RAB - Regulatory Asset Base) by ARERA, the
energy regulator, including lump-sum net working
capital, net of adjustment items, including employee
severance indemnity, the provision for
decommissioning where applicable, and grants
received.
With regard to the ITG CGU, the recoverable amount of
this CGU was determined, as the value in use, based on
the Discounted Cash Flow (DCF) Method, using the
2025-2029 Plan approved by the Board. The Terminal
Value, consistent with the practice in the energy
infrastructure sector, was estimated as the disposal
value at the end of the plan time horizon, assuming the
recognition of a premium in line with the market
evidence examined at 31 December 2024.
For CGUs where the value in use is determined through
the Discounted Cash Flow method, the reference
discount rate is the Weighted Average Cost of Capital
(WACC), corresponding to the weighted average cost
of capital, determined, consistently with applicable
doctrine and prevailing methodological practices,
based on the following main assumptions:
\u2022 Risk Free Rate: the 10-year sovereign bond, issued
by the reference country in which the assets
belonging to the CGU (or the CGU grouping)
operate, is used to determine the risk-free rate;
\u2022 Equity Risk Premium: the equity risk premium is
determined by Snam on the basis of the main
authoritative external industry sources;
\u2022 Beta Unlevered: this is calculated as the average
figure taken from the panel of identified
comparable companies specifically selected for
each CGU;
\u2022 D/E: the debt-to-equity ratio is determined as an
average parameter taken from the panel of
comparable companies referred to each CGU,
except where, in the absence of current or planned
financial payables, zero leverage is used;
\u2022 Beta Relevered: this is calculated from the Beta
Unlevered using Hamada's formula, which takes
into account the tax effect, and the average D/E of
the panel of comparable companies considered;
\u2022 Reference Rate for the cost of debt: this is
calculated as the average of the swap rates of 10-
year euro-denominated instruments;
\u2022 Credit Spread: this is determined as the average
parameter taken from the panel of comparable
companies specifically selected for each CGU.
Additional risks are also applied (Specific Risk Premium)
aimed at reflecting, where applicable, within each
discount rate, specific considerations related to aspects
characterising a CGU (or grouping of CGUs) such as, for
example, business risks or risks related to the stage of
development of the activities performed.
The Snam methodology requires these values to be
updated annually. As at December 31, 2024, the
WACCs estimated by the Snam group and used in the
impairment tests were between 4.96% and 7.42%.
For all CGUs and groupings of CGUs, the recoverable
value as depicted above was higher than their net book
value, including related goodwill.
As required by IAS 36, the CGUs subject to impairment
testing, whose recoverable value was determined by
discounting the expected cash flows from the use of
the asset (as well as from its sale at the end of its
useful life in some cases), were subjected to a
sensitivity analysis of the recoverable value, in the
worst-case scenario that envisages a 0.5 percentage
point (equal to 50 bps) increase in the discount rate
applied during the impairment test. This stress test did
not show significantly different results and would lead,
in only one case, limited to the Biomethane Waste
CGU, to an impairment loss of approximately \u20ac10
million.
", "dimensions": { "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-951": { "value": "
10)\u00a0 INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD
(million euros)
31.12.2023
31.12.2024
SeaCorridor S.r.l.
648
602
Ter\u00e9ga Holding S.A.S.
430
436
TAG GmbH
228
236
AS Gasinfrastruktur Beteiligung GmbH
112
91
Terminale GNL Adriatico S.r.l.
211
OLT - Offshore LNG Toscana S.p.A.
33
57
Other
1
1
Total equity investments in companies under joint control
1,452
1,634
Trans Adriatic Pipeline A.G. (TAP)
404
398
Industrie De Nora S.p.A.
376
376
Italgas S.p.A.
313
332
Senfluga Energy Infrastructure Holdings S.A.
207
221
Galaxy Pipeline Assets HoldCo Limited
131
144
Interconnector Limited
68
70
East Mediterranean Gas Company
49
60
dCarbonX Limited
15
19
Other
3
4
Total equity investments in associates
1,566
1,624
Other
1
1
Total equity investments in subsidiaries
1
1
TOTAL INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD
3,019
3,259
The change during the year is shown in the table below.
\u00a0(million euros)
Equity
investments in
companies
under joint
control
Equity
investments in
associates
Equity
investments in
subsidiaries
(*)
Total
Balance at 01.01.2023
797
1,511
5
2,313
Acquisitions and subscriptions
411
10
421
Disposals and redemptions
(87)
(83)
(170)
Dividends received
(23)
(176)
(199)
Effect of accounting using the equity method
- Amount recognised through profit and loss
83
328
(1)
410
- Amount recognised through comprehensive income
(12)
(38)
(50)
Other changes
283
14
(3)
294
Balance at 31.12.2023
1,452
1,566
1
3,019
Acquisitions and subscriptions
161
6
167
Disposals and redemptions
(2)
(2)
Dividends received
(143)
(166)
(309)
Effect of accounting using the equity method
- Amount recognised through profit and loss
105
238
343
- Amount recognised through comprehensive income
(3)
(5)
(8)
Other changes
64
(15)
49
Balance at 31.12.2024
1,634
1,624
1
3,259
(*) Equity investments refer to unconsolidated subsidiaries valued using the equity method.
Acquisitions and subscriptions (\u20ac 167 million) mainly concern the purchase, by Snam, through the exercise of its
right of pre-emption, of an incremental share of the capital of Terminale GNL Adriatico Srl.
Following this operation, Snam's stake in the company that owns Adriatic LNG, the regasification terminal operating
in the Italian waters off Porto Viro (Rovigo), goes from 7.30% to 30.00%. The right of first refusal was exercised
following the signing of an agreement by VTTI, a Dutch energy storage and infrastructure company, to acquire a
majority stake in the company.
Dividends received (\u20ac 309 million) mainly concern: (i) the jointly controlled companies SeaCorridor (\u20ac95 million) and
Ter\u00e9ga (\u20ac48 million); (ii) the associated companies TAP (\u20ac63 million), Italgas (\u20ac38 million), Galaxy Pipeline Assets
HoldCo Limited (\u20ac29 million) and Senfluga (\u20ac16 million).
The effect of accounting using the equity method recognised in the income statement (\u20ac 343 million) relates to the
portion of the companies' net results for the period, resulting from positive results totalling \u20ac 365 million and
negative results totalling \u20ac-22 million.
\"\"
The effect of the measurement using the equity
method recognised in the statement of comprehensive
income (\u20ac-8 million) essentially relates to: (i) the
change in the fair value of hedging derivatives (\u20ac-17
million), mainly attributable to the associated company
TAP; (ii) exchange rate differences (\u20ac10 million), mainly
attributable to the associated company Galaxy Pipeline
Assets HoldCo.
Other changes (\u20ac 49 million) mainly refer to the fair
value of the share previously held in Terminale GNL
Adriatico S.r.l..
Although Snam has not identified specific impairment
indicators, it has conducted impairment tests on all the
primary Cash Generating Units (CGUs), represented by
the equity investments held in jointly controlled and
associated companies. This was done to verify their
recoverability by comparing their book value with their
recoverable value, which is represented by the higher
of the two between fair value and value in use. The
scope of the CGUs represented by the equity
investments held in companies under joint control and
in associated companies is unchanged from 31
December 2023, with the exception of the Terminale
GNL Adriatico S.r.l. in relation to the acquisition of an
incremental portion of the capital (from 7.30% to
30.00%).
In particular, for carrying out the impairment test, the
recoverable value of the equity investments was
determined in the configuration of value in use on the
basis of the Discounted Cash Flow (DCF) methodology,
from which the net financial position of the investee
was deducted, or the Dividend Discount Model (DDM)
methodology, with the exception of equity in Italgas
and Industrie De Nora, associated companies, for which
the recoverable value, as they are listed companies,
was determined on the basis of market quotations. In
view of the stock market volatility experienced in 2024,
due to macroeconomic uncertainties and geopolitical
tensions, the recoverable amount was estimated based
on an arithmetic mean of the closing stock market
prices of the last six months of the year.\u00a0
For the purpose of conducting the impairment test,
cash flows and dividends resulting from the forecast
plans approved by the Boards of the investees were
considered. The Terminal Value was calculated using
the perpetuity method, applying a growth rate in line
with market evidence for the expected long-term
inflation rate for the reference area, based on the
values indicated by the IMF; or, for companies
operating in regulated markets, the Terminal Value was
placed equal to the estimated value of the Net
Invested Capital recognized for tariff purposes (RAB -
Regulatory Asset Base). Having specific regard to the
investments in TAP and Galaxy, cash flows were
determined by considering an extended time horizon
compared to the forecast plan, to reflect the duration
of existing contracts related to the use of the assets.
As at December 31, 2024, the Snam group estimated
discount rates used in the preparation of the
impairment tests ranged from 5.82% to 8.50% for
CGUs measured using the DDM method, and between
4.49% and 9.69% for CGUs measured using the DCF
method.
With reference to TAG (a joint venture) and GCA
(associated company), we would like note the issue, by
the Austrian regulator on 29 May 2024, of the Final
Cost Decree and Tariff Ordinance (the \u2018Decree\u2019), which
defines the reference framework applicable to the new
regulatory period (2025-2027).
The Decree has significantly modified the previous
regulatory framework and, inter alia, in addition to
providing for the elimination of volume risk for the two
TSOs, it has also defined compensatory mechanisms
for the companies, which will be operational from
2025. This change will enable TAG to achieve
profitability after several years of negative results
influenced by the changed procurement environment.
With regard to TAG, considering the uncertainties
generated by the current geopolitical context, the
limited visibility of developments in the regulatory
framework beyond the short term and the further
reduction in Russian gas supplies to Europe, taking
place from January 2025 onwards, following the non-
renewal of the agreement for the transit of gas flows
through Ukraine, the company did not write-back the
cost of the investment, which was subject to an
impairment loss of 340 million euros at 31 December
2022.
Regarding equity investments, no collateral has been
provided except as described in relation to the stake in
TAP 173.
Consolidated companies, companies jointly controlled
with other shareholders, associated companies and
other significant equity investments are separately
listed in the Annex to the notes to the consolidated
financial statements \u2018Snam S.p.A. equity investments at
31 December 2024\u2019, which is an integral part of these
notes.
In accordance with the requirements of IFRS 12
\u2018Disclosure of Interests in Other Entities\u2019, the following
is a summary of the financial data of companies under
joint control and associated companies for the years
ended December 31, 2023 and December 31, 2024.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-952": { "value": "
10.1\u00a0 Equity investments in companies
under joint control
The economic and financial data for each company
under joint control deemed significant, referring to the
IFRS-compliant financial statement values of the
investee companies 174, are reported below:
31.12.2023
(million euros)
Ter\u00e9ga
Holding
S.A.S.
TAG GmbH
(formerly
Trans
Austria
Gasleitung
GmbH)
AS
Gasinfrastruktur
Beteiligung
GmbH
SeaCorridor
S.r.l.
Current assets
207
82
161
164
- of which cash and cash equivalents
98
22
14
104
Non-current assets
3,094
1,024
392
547
Total assets
3,301
1,106
553
711
Current liabilities
(140)
(82)
(3)
(54)
- of which current financial liabilities
(21)
(3)
(3)
Non-current liabilities
(2,100)
(387)
(271)
(16)
- of which non-current financial liabilities
(1,790)
(246)
(27)
Total liabilities
(2,254)
(469)
(274)
(70)
TOTAL NET ASSETS
1,061
637
279
641
Equity investment held by Snam Group % (*)
40.50%
89.22%
40.00%
49.90%
Total net assets attributable to the Snam Group
430
568
112
320
Goodwill and other adjustments of the Snam Group
328
Reductions/increases in value
(340)
INVESTMENTS ACCOUNTED FOR USING THE EQUITY
METHOD
430
228
112
648
Operating revenues and income
474
410
456
Operating costs and expenses
(175)
(407)
(41)
Depreciation and impairment of assets
(111)
(64)
(23)
Operating profit
188
(61)
392
Financial income
1
6
9
Financial expenses
(29)
(7)
(8)
(12)
Share of profit or loss of investments accounted for using the
equity method
50
38
Income taxes
(41)
16
(303)
PROFIT FOR THE YEAR
118
(51)
48
124
Other components of comprehensive income
(11)
TOTAL COMPREHENSIVE INCOME STATEMENT
107
(51)
48
124
Equity investment held by Snam Group % (*)
40.50%
89.22%
40.00%
49.90%
Total comprehensive income statement held by Snam
43
(46)
19
62
Other Snam Group adjustments
(8)
SHARE OF TOTAL PROFIT OF INVESTMENTS ACCOUNTED
FOR USING THE EQUITY METHOD
43
(46)
19
54
(*)
The shareholding in TAG GmbH is measured on the basis of the percentage of economic rights held (89.22%).
31.12.2024
\u00a0(million euros)
Ter\u00e9ga
Holding
S.A.S.
TAG GmbH
(formerly
Trans
Austria
Gasleitung
GmbH)
AS
Gasinfrastruktur
Beteiligung
GmbH
SeaCorridor
S.r.l.
Current assets
770
59
32
92
- of which cash and cash equivalents
675
6
32
89
Non-current assets
3,132
586
442
829
Total assets
3,902
645
474
921
Current liabilities
(664)
(292)
(247)
(84)
- of which current financial liabilities
(567)
(3)
Non-current liabilities
(2,162)
(88)
(15)
- of which non-current financial liabilities
(1,841)
(1)
Total liabilities
(2,826)
(380)
(247)
(99)
TOTAL NET ASSETS
1,076
265
227
822
Equity investment held by Snam Group % (*)
40.50%
89.22%
40.00%
49.90%
Total net assets attributable to the Snam Group
436
236
91
410
Goodwill and other adjustments of the Snam Group
188
Reductions/increases in value
4
INVESTMENTS ACCOUNTED FOR USING THE EQUITY
METHOD
436
236
91
602
Operating revenues and income
485
203
332
Operating costs and expenses
(180)
(198)
(45)
Depreciation and impairment of assets
(109)
(2)
(42)
Operating profit
196
3
245
Financial income
4
7
6
Financial expenses
(30)
(7)
(7)
Share of profit or loss of investments accounted for using the
equity method
(51)
35
Income taxes
(43)
(189)
PROFIT FOR THE YEAR
123
(51)
97
Other components of comprehensive income
2
TOTAL COMPREHENSIVE INCOME STATEMENT
123
(51)
99
Equity investment held by Snam Group % (*)
40.50%
89.22%
40.00%
49.90%
Total comprehensive income statement held by Snam
50
(20)
49
Other Snam Group adjustments
SHARE OF TOTAL PROFIT OF INVESTMENTS ACCOUNTED
FOR USING THE EQUITY METHOD
50
(20)
49
(*)
The shareholding in TAG GmbH is measured on the basis of the percentage of economic rights held (89.22%).
Following the acquisition, in December 2024, of an
incremental share in the capital of Terminale GNL
Adriatico S.r.l. (from 7.3% to 30%), and following the
analyses performed, the investment meets the
conditions to be classified as an equity investment in
jointly controlled companies, accounted for using the
equity method.
Due to the timing of the transaction, Purchase Price
Allocation (PPA) activities, to allocate the purchase
price to the identifiable assets acquired and liabilities
assumed are still ongoing. At 31 December 2024, the
carrying value of the company in the consolidated
financial statements of the Snam group, which does
not reflect the effects of the PPA, amounted to \u20ac 211
million.
Ter\u00e9ga Holding S.A.S.
Ter\u00e9ga Holding S.A.S. is a company operating under
French law which controls Ter\u00e9ga S.A. and Ter\u00e9ga
Solutions S.A.S., through Ter\u00e9ga S.A.S., wholly owned
by Ter\u00e9ga Holding S.A.S.
Ter\u00e9ga S.A. is engaged in the transportation and
storage of natural gas in the South West of France.
Natural gas transportation and storage activities in
France are subject to regulation.
Ter\u00e9ga Solutions S.A.S. is a company engaged in non-
regulated activities, with a focus on developing
solutions that facilitate the transition to renewable
energy: biomethane, hydrogen, multi-energy and
digital.
At December 31, 2024, the company Ter\u00e9ga Holding
S.A.S. was owned by Snam S.p.A. (40.50%), by Raffles
Infra Holdings Limited (GIC) (31.50%), by Ouestgaz
S.A.S. (EDF) (18.00%), Pr\u00e9voyance Dialogue du Cr\u00e9dit
Agricole SA (9.00%) and Cr\u00e9dit Agricole Assurances
Retraite SA (1.00%).
Ter\u00e9ga Holding S.A.S.\u2019s Consolidated Financial
Statements include Ter\u00e9ga Holding S.A.S., Ter\u00e9ga S.A.S,
Ter\u00e9ga S.A.,Ter\u00e9ga Solutions S.A.S. and other smaller
companies.
Corporate governance regulations stipulate that
decisions on certain matters of significant interest to
the company require the affirmative vote of both Snam
and GIC shareholders.
The interest payment to shareholders on the nominal
value of the \u20ac470 million convertible debenture loan
(of which Snam has subscribed \u20ac190 million) can be
deferred at the discretion of the issuer, Ter\u00e9ga S.A.S.
TAG Gmbh
TAG GbmH (formerly Trans Austria Gasleitung GmbH) is
a company governed by Austrian law, specializing in
the transportation of natural gas. It owns the gas
pipeline that connects the Slovakian-Austrian border to
the Tarvisio entry point in Italy.
Natural gas transportation in Austria is a regulated
activity.
At December 31, 2024 Snam S.p.A. held 84.47% of the
share capital, entitling it to 89.22% of the economic
rights. The remainder of the share capital (15.53%) is
held by Gas Connect Austria GmbH (GCA).
The contractual agreements established between
Snam, TAG and GCA also dictate that, in certain specific
circumstances, if TAG is unable to self-finance, the
other companies are obliged to provide financial
support in accordance with the proportion of equity
investment held by each shareholder.
Corporate governance regulations stipulate that
decisions regarding certain significant activities must
be unanimously agreed upon by all members of the
Supervisory Board. This board comprises
representatives from Snam and GCA, as well as
employee representatives, as mandated by Austrian
law.
AS Gasinfrastruktur Beteiligung GmbH
AS Gasinfrastruktur Beteiligung GmbH is an Austrian
firm jointly controlled by Snam S.p.A. and the Allianz
Group, holding stakes of 40.00% and 60.00%
respectively.
The company wholly owns the Austrian firm, AS
Gasinfrastruktur GmbH, which itself holds a 49.00%
stake in Gas Connect Austria GmbH (GCA). The majority
control of GCA, at 51.00%, is held by Verbund.
The corporate governance regulations of AS
Gasinfrastruktur Beteiligung GmbH dictate that
decisions at the management level must be made by a
simple majority, requiring the affirmative vote of a
Managing Director from both Snam and Allianz.
SeaCorridor S.r.l.
SeaCorridor, is the Italian joint venture established on
10 January 2023 by Snam S.p.A and Eni, which hold
49.90% % and 50.10 % of the share capital
respectively.
At December 31, 2024, Eni and Snam exercised joint
control over SeaCorridor, based on the principles of
equal governance.
The operation has made it possible to synergistically
value respective competences on a strategic route for
the security of natural gas supply in Italy, favouring
potential development initiatives in the hydrogen value
chain also thanks to the natural resources of North
Africa.
The company operates the two international gas
pipeline groups connecting Algeria to Italy, namely the
onshore pipelines extending from the Algerian-
Tunisian border to the Tunisian coast (the so-called
TTPC pipeline) and the offshore pipelines connecting
the Tunisian coast to Italy (the so-called TMPC
pipeline).
Terminale GNL Adriatico S.r.l.
Terminale GNL Adriatico S.r.l. is the owner of Italy's
largest liquefied natural gas (LNG) regasification
terminal located in the waters off Porto Tolle (Rovigo).
In operation since November 2009, the Adriatic LNG
regasification terminal ensures the import of around
15% of Italy's gas consumption.
In December 2024, following agreements signed in
April 2024, Snam exercised a pre-emption right to
increase its stake in Adriatic LNG from 7.30% to
30.00%. The remaining 70.00% of the company's
capital is held by VTTI LNG Italy S.p.A.
Corporate governance rules stipulate that decisions on
certain material activities must be taken with the
unanimous consent of all members of the Board of
Directors, composed of representatives of Snam and
VTTI. The CEO is appointed by agreement between
both partners.
Snam also exercises operational control over the
company through the direct appointment of the Chief
Operations Officer (COO), who is responsible for
technical, commercial, operational and maintenance
activities.
", "dimensions": { "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-953": { "value": "
10.2\u00a0 Equity investments in associates
The economic and financial data for equity investments in associates deemed significant, referring to the IFRS-compliant financial statement values of the investee companies 175, are shown below:
31.12.2023
(million euros)
Trans Adriatic
Pipeline
Italgas S.p.A.
Senfluga
Energy
Infrastructure
Holdings S.A.
Interconnector
Limited
Galaxy
Pipeline
Assets HoldCo
Limited
Industrie De
Nora S.p.A. (*)
Current assets
643
1,243
403
226
193
688
Non-current assets
4,314
9,903
1,064
132
7,131
609
Total assets
4,957
11,146
1,467
358
7,324
1,297
Current liabilities
(489)
(1,807)
(242)
(81)
(44)
(162)
Non-current liabilities
(2,905)
(6,700)
(558)
(239)
(6,254)
(230)
Total liabilities
(3,394)
(8,507)
(800)
(320)
(6,298)
(392)
TOTAL NET ASSETS
1,563
2,639
667
38
1,026
905
- attributable to third parties
319
284
1
6
- attributable to the shareholders of the investee
1,563
2,320
383
37
1,026
899
Equity investment held by Snam Group %
20.00%
13.47%
54.00%
23.68%
12.33%
21.59%
Total net assets attributable to the Snam Group
313
313
207
9
126
194
Goodwill and other adjustments of the Snam Group
91
84
5
182
Reductions/increases in value
(25)
INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD
404
313
207
68
131
376
Revenues
837
2,637
589
151
658
Operating profit
501
681
212
76
97
NET RESULT
329
464
152
55
776
199
Other components of comprehensive income
(122)
(16)
(13)
0
(42)
(16)
TOTAL COMPREHENSIVE INCOME STATEMENT
207
448
139
55
734
183
- attributable to third parties
27
52
1
- attributable to the shareholders of the investee
207
421
87
55
734
182
TOTAL COMPREHENSIVE INCOME OF THE GROUP
207
448
139
55
734
183
Equity investment held by Snam Group %
20.00%
13.47%
54.00%
23.68%
12.33%
21.59%
Total comprehensive income of the Snam Group
41
57
47
13
90
39
Other Snam Group adjustments
(2)
SHARE OF TOTAL PROFIT OF INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD
41
57
47
11
90
39
(*)
The economic-financial figures refer to the reporting package at 30 September 2024. The contribution recognised in 2024, for the purpose of the equity method measurement of the investment, also includes the
share of the net result achieved in the fourth quarter of 2023.
31.12.2024
\u00a0(million euros)
Trans Adriatic
Pipeline
Italgas S.p.A.
Senfluga
Energy
Infrastructure
Holdings S.A.
Interconnector
Limited
Galaxy
Pipeline
Assets HoldCo
Limited
Industrie De
Nora S.p.A. (*)
Current assets
572
1,601
268
264
194
685
Non-current assets
4,139
10,372
1,311
559
7,279
647
Total assets
4,711
11,973
1,579
823
7,473
1,332
Current liabilities
(528)
(2,204)
(215)
(296)
(46)
(249)
Non-current liabilities
(2,651)
(6,974)
(672)
(120)
(6,297)
(175)
Total liabilities
(3,179)
(9,178)
(887)
(416)
(6,343)
(424)
TOTAL NET ASSETS
1,532
2,795
692
407
1,130
908
- attributable to third parties
336
283
1
8
- attributable to the shareholders of the investee
1,532
2,459
409
406
1,130
900
Equity investment held by Snam Group %
20.00%
13.46%
54.00%
23.68%
12.33%
21.59%
Total net assets attributable to the Snam Group
306
331
221
96
139
194
Goodwill and other adjustments of the Snam Group
91
1
5
182
Reductions/increases in value
1
(26)
INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD
398
332
221
70
144
376
Revenues
831
2,540
346
93
7
616
Operating profit
516
782
140
62
285
82
NET RESULT
335
507
97
48
285
52
Other components of comprehensive income
(49)
(11)
(5)
5
59
(6)
TOTAL COMPREHENSIVE INCOME STATEMENT
286
496
92
53
344
46
- attributable to third parties
28
35
- attributable to the shareholders of the investee
286
468
57
53
344
46
TOTAL COMPREHENSIVE INCOME OF THE GROUP
286
496
92
53
344
46
Equity investment held by Snam Group %
20.00%
13.46%
54.00%
23.68%
12.33%
21.59%
Total comprehensive income of the Snam Group
57
63
31
13
42
10
SHARE OF TOTAL PROFIT OF INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD
57
63
31
13
42
10
(*)
The economic-financial figures refer to the reporting package at 30 September 2024. The contribution recognised in 2024, for the purpose of the equity method measurement of the investment, also includes the
share of the net result achieved in the fourth quarter of 2023.
Trans Adriatic Pipeline A.G. (TAP)
Trans Adriatic Pipeline A.G. Trans Adriatic Pipeline A.G.
(TAP) is a Swiss company established with the purpose
of designing, developing, constructing, and operating a
gas pipeline from the Greek-Turkish border to Italy,
specifically to the entry point in San Foca-Melendugno,
traversing through Greece and Albania. The
construction of the pipeline has been successfully
completed, and the asset has been commercially
operational since 15 November 2020.
At December 31, 2024, TAP was owned by Snam
International B.V. (20.00%), AzTAP GmbH (20.00%), BP
Pipelines TAP Limited (20.00%), Fluxys Europe B.V.
(20%) and by Enag\u00e1s Internacional S.L.U. (20.00%).
Under the existing corporate governance regulations,
none of TAP\u2019s shareholders have the ability to exert
control over the company, even jointly.
Italgas S.p.A.
Italgas S.p.A. is an Italian company controlling
companies active in natural gas distribution in Italy and
Greece, integrated water services, energy efficiency
and information technology through the companies:
Italgas Reti S.p.A., Medea S.p.A., Nepta S.p.A., Acqua
S.r.l., Idrosicilia S.p.A., Idrolatina S.r.l., Acqua Campania
S.p.A., L.A.C. Laboratorio Acqua Campania S.r.l.,
Toscana Energia S.p.A., Immogas S.r.l., Geoside S.p.A.,
Bludigit S.p.A., Italgas Newco S.p.A, Enaon Group.
At 31 December 2024, Italgas S.p.A. was an investee of
Snam (13.46% %) and C.D.P. Reti S.r.l. (25.98%), with
the remainder held by third-party shareholders. On 21
March 2023, Snam and CDP Reti signed a shareholders'
agreement amending the agreement entered into on
20 October 2016. As an exception to the provisions
concerning limitations on the transfer of the
shareholding, for the entire duration of the validity of
the agreement, Snam may transfer to third parties up
to a maximum of 54,616,646 Italgas shares
representing no more than 6.75% of the entire share
capital of Italgas (the \u2018released shares\u2019) through one or
more transfers (the \u2018permitted partial transfers\u2019).
Therefore, should Snam transfer all or part of the
released shares through one or more permitted partial
transfers: (i) CDP Reti shall not be entitled to exercise
the right of pre-emption; (ii) approval (including the
discretionary approval clause) or consent of CDP Reti
will not be required to effect the permitted partial
transfers; (iii) the transferees of the released shares
will not be obliged to adhere to the pact and the
purchase option agreement.
Senfluga Energy Infrastructure Holdings S.A.
Senfluga Energy Infrastructure Holdings S.A. is a
company incorporated under Greek law owned by
Snam S.p.A. (54.00%), Enag\u00e1s Internacional S.L.U.
(18.00%), by Fluxys Europe B.V. (18.00%) and by
DAMCO Energy S.A. (10.00%), which owns a 66% stake
in Hellenic Gas Transmission System Operator S.A.
(DESFA), the Greek national operator in the natural gas
infrastructure sector.
DESFA owns and operates a regulated high-pressure
transportation network spanning approximately 1,500
km, in addition to a regasification terminal at
Revithoussa. Since January 2022, DESFA has held 20%
of Gastrade S.A., a company that is developing the
FSRU at Alexandroupoli. Greece, a significant junction
for diversifying procurement and establishing new
natural gas routes in Europe, holds additional potential
for development as a South-East European hub.
Under the existing corporate governance regulations,
Snam does not have exclusive control over Senfluga
(and, by extension, over DESFA), while Senfluga
maintains exclusive control over DESFA.
Galaxy Pipeline Assets Holdco Limited\u00a0
Galaxy Pipeline Assets Holdco Limited (\u2018HoldCo\u2019) holds
100% of Galaxy Pipeline Assets Bidco Limited (\u2018BidCo\u2019),
which in turn holds a 47.70% stake in ADNOC Gas
Pipeline Assets LLC (\u2018AssetCo\u2019). Snam holds a 12.33%
interest in the international consortium, consisting of
GIP III Galaxy HoldCo II Limited (GIP), Infracore
Investment Holdings Limited, Raffles Infra Holdings
Limited, NH Galaxy Pipeline Holdco Limited, Galaxy
Pipeline Assets Topco Limited.
AssetCo, a subsidiary of ADNOC (Abu Dhabi National
Oil Company), maintains a twenty-year lease on
ADNOC\u2019s strategic assets associated with gas and LNG
transportation within the United Arab Emirates; the
management and use of these assets are held by
ADNOC for the same twenty-year term.
Snam is the sole industrial participant in the
consortium, signifying a significant investment
opportunity in a strategic infrastructure within the Gulf
region.
The governance regulations stipulate that decisions on
certain matters of significant interest to the company
must be made by a supermajority vote or unanimously.
Interconnector Limited
Interconnector Limited is a company governed by
English law, owning the bidirectional pipeline that
connects the United Kingdom with Belgium and the
broader European region.
At December 31, 2024 Interconnector Limited was an
investee company of Snam International B.V. (23.68%
%) and Fluxys UK Ltd (76.32 %).
Interconnector Limited directly owns 48.00% of the
Dutch firm, Interconnector Zeebrugge Terminal B.V.
(which is, in turn, owned 25.00% by Snam International
BV), and holds an additional 1.00% indirectly through
Interconnector Leasing Company Ltd.
The governance structure of Interconnector Limited is
designed to, in certain instances, provide veto rights to
Snam International B.V. This is intended to safeguard
their investment and oversee certain decisions of
significant importance to Snam International B.V.
Industrie De Nora S.p.A.
Industrie De Nora, established in 1923 in Italy, is a
worldwide provider of pioneering technologies and
solutions for water treatment. The Company holds
substantial potential for growth, owing to its exposure
to two major trends within the energy transition
segment - the production of green hydrogen and water
treatment.
At 30 June 2022, the company was listed on Euronext
Milan, a regulated market that is organized and
managed by Borsa Italiana S.p.A.
At December 31, 2024 Snam S.p.A. owned 21.59% of
the share capital in Industrie De Nora, held through
Asset Company\u00a010 S.r.l.
10.3\u00a0 Equity investments in companies under joint control and associated
companies that are individually insignificant
In addition to the investments in the previously mentioned companies, the carrying values of the equity
investments in a company under joint control and in two individually insignificant associated companies, which are
accounted for using the equity method, are as follows:
\u00a0(million euros)
2024
Aggregate value of jointly controlled and associated equity investments which are individually
insignificant
136
Snam Group\u2019s share of profit/(loss) for the year
37
Share of other components in the comprehensive income statement attributable to the Snam Group
(3)
TOTAL SHARE OF COMPREHENSIVE INCOME STATEMENT ATTRIBUTABLE TO THE SNAM GROUP
34
", "dimensions": { "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-955": { "value": "
11)\u00a0 OTHER CURRENT AND NON-CURRENT FINANCIAL ASSETS
31.12.2023
31.12.2024
(million euros)
Current
Non
-current
Total
Current
Non
-current
Total
Current financial receivables
2
350
350
Non-current financial receivables
102
102
3
108
111
Minority investments accounted for at FVTOCI
50
50
25
25
Securities and fund units
7
7
12
12
Other
2
2
2
2
TOTAL OTHER CURRENT AND NON-CURRENT
FINANCIAL ASSETS
2
161
163
353
147
500
Current financial receivables, (equal to \u20ac350 million), refer to short-term bank deposits of the Parent Company.
Long-term financial receivables (\u20ac 111 million) mainly concern the residual portion of the shareholders' loan to OLT
Offshore LNG Toscana (OLT) (\u20ac87 million).
Equity investments measured at FVTOCI (\u20ac 25 million) mainly relate to the valuation of the shares held by Snam in
the capital of Storegga Limited (5.18% stake) for an amount of \u20ac14 million (unchanged from 31 December 2023)
and ITM Power PLC (2.07% stake) for an amount of \u20ac6 million (\u20ac9 million at 31 December 2023).
Following the acquisition of an incremental share of the capital of Terminale GNL Adriatico S.r.l. (from 7.30% to
30.00%), Snam's stake in the company was reclassified from a stake valued at FVTOCI to a jointly controlled interest.
The changes that occurred during the year, with reference to investments valued at FVTOCI, are analysed as
follows:
(million euros)
31.12.2023
31.12.2024
Opening balance
52
50
Acquisitions and subscriptions
4
2
Change in fair value recognised in other comprehensive income
(3)
31
Disposals and redemptions
(4)
(6)
Other changes
1
(52)
Closing balance
50
25
Other changes (52 million euros) relate to the fair value of the share previously held in Terminale GNL Adriatico
S.r.l., which was requalified as a jointly controlled equity investment on 3 December 2024.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-954": { "value": "
11)\u00a0 OTHER CURRENT AND NON-CURRENT FINANCIAL ASSETS
31.12.2023
31.12.2024
(million euros)
Current
Non
-current
Total
Current
Non
-current
Total
Current financial receivables
2
350
350
Non-current financial receivables
102
102
3
108
111
Minority investments accounted for at FVTOCI
50
50
25
25
Securities and fund units
7
7
12
12
Other
2
2
2
2
TOTAL OTHER CURRENT AND NON-CURRENT
FINANCIAL ASSETS
2
161
163
353
147
500
Current financial receivables, (equal to \u20ac350 million), refer to short-term bank deposits of the Parent Company.
Long-term financial receivables (\u20ac 111 million) mainly concern the residual portion of the shareholders' loan to OLT
Offshore LNG Toscana (OLT) (\u20ac87 million).
Equity investments measured at FVTOCI (\u20ac 25 million) mainly relate to the valuation of the shares held by Snam in
the capital of Storegga Limited (5.18% stake) for an amount of \u20ac14 million (unchanged from 31 December 2023)
and ITM Power PLC (2.07% stake) for an amount of \u20ac6 million (\u20ac9 million at 31 December 2023).
Following the acquisition of an incremental share of the capital of Terminale GNL Adriatico S.r.l. (from 7.30% to
30.00%), Snam's stake in the company was reclassified from a stake valued at FVTOCI to a jointly controlled interest.
The changes that occurred during the year, with reference to investments valued at FVTOCI, are analysed as
follows:
(million euros)
31.12.2023
31.12.2024
Opening balance
52
50
Acquisitions and subscriptions
4
2
Change in fair value recognised in other comprehensive income
(3)
31
Disposals and redemptions
(4)
(6)
Other changes
1
(52)
Closing balance
50
25
Other changes (52 million euros) relate to the fair value of the share previously held in Terminale GNL Adriatico
S.r.l., which was requalified as a jointly controlled equity investment on 3 December 2024.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-956": { "value": "
12)\u00a0 CURRENT AND NON-CURRENT INVENTORIES AND THIRD-PARTY NATURAL
GAS IN STORAGE
31.12.2023
31.12.2024
(million euros)
Gross
value
Provision for
impairment
losses
Net
value
Gross
value
Provision for
impairment
losses
Net
value
Raw materials, consumables and finished goods
787
(15)
772
722
(13)
709
Finished products and goods
2,072
(34)
2,038
1,514
(33)
1,481
Total current inventories
2,859
(49)
2,810
2,236
(46)
2,190
Total non-current inventories - Compulsory
inventories
363
363
363
363
TOTAL CURRENT AND NON-CURRENT
INVENTORIES
3,222
(49)
3,173
2,599
(46)
2,553
Current inventories (\u20ac 2,190 million, net of the provision for impairment losses) include purchases that are made to
implement the following Authority resolutions: (i) resolution 165/2022/R/Gas, which provided for the procurement
by Snam Rete Gas of volumes to cover system gas and gas for technical consumption of the storages (approximately
0.37 billion cubic metres for a total value of \u20ac411 million at December 31, 2024); (ii) resolutions 274/2022/R/Gas
and 3/2023/R/Gas, which defined the provisions for gas procurement in the context of the last resort filling service
(approximately 1.03 billion cubic metres for a total value of \u20ac1,445 million at December 31, 2024). The value of the
inventories of gas purchased against these resolutions is counterbalanced, for the same amount, by financial
statement liabilities 176.
\u00a0
The provision for impairment losses mainly relates to the write-down (\u20ac30 million), made in 2014, of 0.4 billion cubic
metres of natural gas used in storage activities for strategic gas unduly withdrawn by some service users during
2010 and 2011.
Non-current inventories consist of the minimum quantities of natural gas that storage companies are obliged to
hold pursuant to Presidential Decree 22 of 31 January 2001 (so-called 'compulsory stocks'). The quantities of gas in
storage, corresponding to approximately 4.5 billion standard cubic metres of natural gas, are determined annually
by the Ministry of the Environment and Energy Security (MASE) 177 .
No collateral is pledged on inventories. There are no inventories pledged as security for liabilities, nor are any
inventories carried at net realisable value.
12.1\u00a0 Third-party natural gas in storage
Risks for third-party assets held in storage, amounting to \u20ac4,186 million (\u20ac3,302 million at December 31, 2023)
relate to approximately 7.5 billion cubic metres of natural gas stored in storage facilities by customers benefiting
from the service. The amount was determined by applying the average cost of wholesale supply published by
ARERA equal to \u20ac0.55 per standard cubic metre (\u20ac0.44 per standard cubic metre at December 31, 2023) to the
quantities of gas deposited.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInventoriesExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-957": { "value": "
13)\u00a0 OTHER CURRENT AND NON-CURRENT ASSETS
31.12.2023
31.12.2024
(million euros)
Current
Non-
current
Total
Current
Non-
current
Total
VAT credits
31
31
137
137
Deferred charges
15
15
30
20
8
28
Guarantee and administrative deposits
18
18
18
18
Assets arising from contracts with customers
28
28
17
17
Regulatory assets
14
4
18
5
8
13
Fair value of cash flow hedge derivative (CFH)
contracts
3
3
Other tax credits
129
243
372
426
745
1,171
- of which: credits from Superbonus tax breaks and
minor tax break bonuses
102
243
345
414
745
1,159
Other
2
1
3
7
3
10
TOTAL OTHER CURRENT AND NON-CURRENT
ASSETS
222
281
503
612
782
1,394
VAT credits (\u20ac 137 million) increased by \u20ac106 million due to higher credits arising from the subsidiaries Snam Rete
Gas and Stogit, within the framework of the Group VAT regime.
Deferred charges (\u20ac 28 million) mainly relate to up-front fees and substitute tax on revolving credit lines (\u20ac11
million).
Security and administrative deposits (\u20ac 18 million) concern amounts paid in support of operating activities and
mainly refer to the natural gas transportation sector.
Assets from contracts with customers (\u20ac 17 million) refer to work performed on ongoing orders for biogas/
biomethane plants.
Other tax credits (\u20ac 1,171 million) mainly concern credits from the Superbonus tax breaks and minor tax break
bonuses related to energy efficiency projects (\u20ac 1,159 million). Given its large fiscal capacity, the Snam Group plans
to use these credits within the time frame established by current legislation.
Information on the risks that are hedged by financial derivatives and the policies adopted by the company to hedge
against those risks can be found in Note 26.7 'Financial Risk Management - Fair Value of Financial Instruments'.", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-958": { "value": "
14)\u00a0 CASH AND CASH EQUIVALENTS
Cash and cash equivalents of \u20ac1,806 million (\u20ac1,382 million at December 31, 2023) mainly refer to the Parent
Company's current accounts and bank deposits in euro (\u20ac1,628 million), which represent the use of liquidity held for
the Group's financial needs, and cash received from subsidiaries (a total of \u20ac178 million).
The average yield on cash investments is approximately 4.0% and the investments are not subject to constraints on
their use.", "dimensions": { "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-960": { "value": "
15)\u00a0 TRADE AND OTHER RECEIVABLES
(million euros)
31.12.2023
31.12.2024
Trade receivables, gross of the provision for bad debts
4,519
3,172
Provision for bad debts
(160)
(107)
Total trade receivables
4,359
3,065
Other receivables
- Other receivables from the Energy and Environmental Services Fund (CSEA)
78
322
- Advances to suppliers
39
33
- Receivables from companies under joint control and associated companies
32
- Receivables for contributions from individuals
2
9
- IRES receivables for National Tax Consolidation from former parent company Eni
3
3
- Receivables from divestments activities
3
2
- Other
21
17
Total other receivables
146
418
TOTAL TRADE AND OTHER RECEIVABLES
4,505
3,483
Trade receivables (\u20ac 3,065 million, net of the bad debt provision) mainly relate to: (i) transportation (\u20ac2,518 million,
referring mainly to receivables from users for additional components and the default service totalling \u20ac1,850
million and receivables from gas system balancing activities amounting to \u20ac98 million), (ii) energy transition (\u20ac300
million) mainly for energy efficiency project receivables (\u20ac193 million) and (iii) natural gas storage (\u20ac222 million).
Trade receivables also include: (i) customer receivables related to energy efficiency projects pending conversion
into Super-Ecobonus tax credits and other minor bonuses (\u20ac56 million). Given its large fiscal capacity, the Snam
Group plans to use these credits within the time frame established by current legislation;
(ii) receivables related to the storage sector, including the credit for VAT invoiced to users in previous years for the
use of strategic gas withdrawn and not restored (74 million euros; 77 million euros at December 31, 2023).
\"\"
The fair value measurement of trade and other receivables does not produce significant effects considering the
short period of time between the origination of the receivable and its maturity and the contractual terms.
The provision for bad debt (\u20ac-107 million) mainly relates to: (i) receivables arising from the balancing service, in
relation to resolution 608/2015/R/gas by which the Authority had ordered the partial recognition, for the gas
balancing manager (Snam Rete Gas), of uncollected receivables relating to the period from 1 December 2011 to 23
October 2012 (\u20ac70 million, including related interest) 178 ; (ii) trade credits related to the energy efficiency business
(\u20ac27 million), in order to reflect the risk that some credits deriving from the Superbonus and other minor bonuses
do not transform into tax credits .
The reduction in the provision for bad debt (\u20ac-53 million) mainly relates to regulatory items, for which the Company,
due to the analyses conducted, does not envisage credit risk. With reference to these items, the Company instead
considered that the conditions existed to recognise a provision for risks (see Note 18 'Provisions for risks and
charges').\u00a0
Other receivables from CSEA (\u20ac 322 million) mainly refer to receivables for balancing services (\u20ac154 million).
Receivables from jointly controlled companies and associates for dividends (\u20ac32 million) relate to a portion of the
dividend not yet collected from the jointly controlled company SeaCorridor.
There are no receivables in currencies other than the euro.
Receivables from related parties are indicated in Note 36 'Transactions with related parties'.
Specific information on credit risk is provided in Note 26.3 'Financial risk management - Credit risk'.", "dimensions": { "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-959": { "value": "
15)\u00a0 TRADE AND OTHER RECEIVABLES
(million euros)
31.12.2023
31.12.2024
Trade receivables, gross of the provision for bad debts
4,519
3,172
Provision for bad debts
(160)
(107)
Total trade receivables
4,359
3,065
Other receivables
- Other receivables from the Energy and Environmental Services Fund (CSEA)
78
322
- Advances to suppliers
39
33
- Receivables from companies under joint control and associated companies
32
- Receivables for contributions from individuals
2
9
- IRES receivables for National Tax Consolidation from former parent company Eni
3
3
- Receivables from divestments activities
3
2
- Other
21
17
Total other receivables
146
418
TOTAL TRADE AND OTHER RECEIVABLES
4,505
3,483
Trade receivables (\u20ac 3,065 million, net of the bad debt provision) mainly relate to: (i) transportation (\u20ac2,518 million,
referring mainly to receivables from users for additional components and the default service totalling \u20ac1,850
million and receivables from gas system balancing activities amounting to \u20ac98 million), (ii) energy transition (\u20ac300
million) mainly for energy efficiency project receivables (\u20ac193 million) and (iii) natural gas storage (\u20ac222 million).
Trade receivables also include: (i) customer receivables related to energy efficiency projects pending conversion
into Super-Ecobonus tax credits and other minor bonuses (\u20ac56 million). Given its large fiscal capacity, the Snam
Group plans to use these credits within the time frame established by current legislation;
(ii) receivables related to the storage sector, including the credit for VAT invoiced to users in previous years for the
use of strategic gas withdrawn and not restored (74 million euros; 77 million euros at December 31, 2023).
\"\"
The fair value measurement of trade and other receivables does not produce significant effects considering the
short period of time between the origination of the receivable and its maturity and the contractual terms.
The provision for bad debt (\u20ac-107 million) mainly relates to: (i) receivables arising from the balancing service, in
relation to resolution 608/2015/R/gas by which the Authority had ordered the partial recognition, for the gas
balancing manager (Snam Rete Gas), of uncollected receivables relating to the period from 1 December 2011 to 23
October 2012 (\u20ac70 million, including related interest) 178 ; (ii) trade credits related to the energy efficiency business
(\u20ac27 million), in order to reflect the risk that some credits deriving from the Superbonus and other minor bonuses
do not transform into tax credits .
The reduction in the provision for bad debt (\u20ac-53 million) mainly relates to regulatory items, for which the Company,
due to the analyses conducted, does not envisage credit risk. With reference to these items, the Company instead
considered that the conditions existed to recognise a provision for risks (see Note 18 'Provisions for risks and
charges').\u00a0
Other receivables from CSEA (\u20ac 322 million) mainly refer to receivables for balancing services (\u20ac154 million).
Receivables from jointly controlled companies and associates for dividends (\u20ac32 million) relate to a portion of the
dividend not yet collected from the jointly controlled company SeaCorridor.
There are no receivables in currencies other than the euro.
Receivables from related parties are indicated in Note 36 'Transactions with related parties'.
Specific information on credit risk is provided in Note 26.3 'Financial risk management - Credit risk'.", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-961": { "value": "
16)\u00a0 CURRENT AND NON-CURRENT INCOME TAX ASSETS/LIABILITIES
(million euros)
31.12.2023
31.12.2024
- Receivables from the tax authorities for IRES (corporation tax)
7
32
- Receivables from the tax authorities for IRAP (regional trade income tax)
8
5
TOTAL CURRENT INCOME TAX ASSETS
15
37
- Payables to the tax authorities for IRES (corporation tax)
(43)
(53)
- Payables to the tax authorities for IRAP (regional trade income tax)
(9)
(15)
- Other tax liabilities
(1)
TOTAL CURRENT INCOME TAX LIABILITIES
(53)
(68)
Current income tax liabilities (\u20ac 68 million) mainly refer to the liability for current taxes accrued in 2024, relating to
Snam S.p.A. and its subsidiaries, net of advances paid.
In relation to activities of a fiscal nature, it should be noted that, since the company constantly invests in Research
and Development and Technological Innovation activities, subsequent to the end of the current financial year, the
calculations relating to the tax credit accrued on an accrual basis pursuant to Law no. 160/2019, paragraphs
198-207, as amended by Law no. 178/2020 and Law no. 234/2021, will be finalised, and the preparation of the
documentation supporting this credit (so-called \u2018Documentary expenses\u2019). At the time of preparation of this
document, no estimate of the amount of the tax credit was available.
Taxes for the year are illustrated in Note 33 'Income Taxes', to which reference is made.", "dimensions": { "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-962": { "value": "
17)\u00a0 CURRENT AND NON-CURRENT FINANCIAL LIABILITIES
31.12.2023
31.12.2024
Current
financial
liabilities
Non-current financial
liabilities
Current
financial
liabilities
Non-current financial
liabilities
(million euros)
Short-term liabilities
Short-term portion of non-
current financial liabilities
Non-current portion due
within 5 years
Non-current portion due after
5 years
Total non-current portion
Total debt
Short-term liabilities
Short-term portion of non-
current financial liabilities
Non-current portion due
within 5 years
Non-current portion due after
5 years
Total non-current portion
Total debt
Bond loans
1,217
4,439
4,220
8,659
9,876
1,361
5,915
5,185
11,100
12,461
Bank loans
250
753
1,756
790
2,546
3,549
450
155
2,323
639
2,962
3,567
Euro Commercial
Paper - ECP
2,679
2,679
1,570
1,570
Other lenders
2
3
500
500
505
1
4
699
699
704
Financial payables for
leased assets
8
22
13
35
43
13
25
21
46
59
TOTAL CURRENT
AND NON-CURRENT
FINANCIAL
LIABILITIES
2,931
1,981
6,717
5,023
11,740
16,652
2,021
1,533
8,962
5,845
14,807
18,361
17.1\u00a0 Short-term financial liabilities
Short-term financial liabilities, amounting to \u20ac 2,021 million, essentially relate to the issue of Euro Commercial
Paper (ECP) securities, placed with institutional investors (\u20ac 1,570 million) and the use of uncommitted variable-rate
bank credit lines (\u20ac 450 million).
The weighted average interest rate on current financial liabilities is equal to 3.83% (3.86% for the financial year
2023).
There are no short-term financial liabilities denominated in currencies other than the euro.
17.2\u00a0 Long-term financial liabilities and short-term portion of long-term
financial liabilities
Long-term financial liabilities, including the short-term portion of long-term liabilities, amounted to a total of \u20ac
16,340 million and consisted of debenture loans (\u20ac 12,461 million), bank loans (\u20ac 3,117 million), term loans to the
parent company Cassa Depositi e Prestiti (\u20ac 703 million) and financial payables for leased assets (\u20ac 59 million).
An analysis of the debenture loans, indicating the issuer, year of issue, currency, average interest rate and maturity,
is shown in the following table.
(million euros)
Nominal Value
31.12.2023
Nominal Value
31.12.2024
Rate (%)
Issue (year)
Maturity (year)
Balance at 31.12.2023
Balance at 31.12.2024
Euro Medium Term Notes (EMTN)
Bond 3.25% (a)
365
3.250
2014
2024
376
Bond 0.875%
1,250
1,250
0.875
2016
2026
1,249
1,250
Bond 1.250% (a)
267
267
1.250
2017
2025
270
270
Bond Floating (b)\u00a0
106
0.836
2017
2024
107
Bond 1.375% (a)
553
553
1.375
2017
2027
552
553
1.250% Bond (Climate Action Bond)
500
500
1.250
2019
2025
501
502
Bond 1.625%
250
250
1.625
2019
2030
252
253
Bond 0%
700
0.000
2019
2024
700
Bond 1%
600
600
1.000
2019
2034
593
593
Bond 0.75% (Transition bond)
500
500
0.750
2020
2030
500
501
Bond 0% (Transition bond)
600
600
0.000
2020
2028
598
598
Bond 0% (Transition bond)
500
500
0.000
2021
2025
500
500
Bond 0.75% (Transition bond) - TAP (c)
250
250
0.750
2021
2030
257
256
Bond 0.625% (Transition bond)
500
500
0.625
2021
2031
496
496
Bond 0.75% (Dual tranche Sustainability-Linked Bond)
850
850
0.750
2022
2029
847
849
Bond 1.25% (Dual tranche Sustainability-Linked Bond)
650
650
1.250
2022
2034
651
651
Bond 3.375% (Taxonomy-Aligned Transition Bond)
300
300
3.375
2022
2026
299
300
Bond 4% (EU Taxonomy-Aligned Transition Bond)
650
650
4.000
2023
2029
644
645
Green Bond 3.375%
500
3.375
2024
2028
512
Bond 3.875% (Sustainability-linked)
1,000
3.875
2024
2034
1,025
Bond Floating (b)
750
3.462
2024
2026
754
Bond 3.375% (Dual tranche Sustainability-Linked Bond)
750
3.375
2024
2031
743
Bond 5.75% (Dual tranche Sustainability-Linked Bond)
723
5.750
2024
2036
722
Total Euro Medium Term Notes (EMTN)
9,391
11,943
9,392
11,973
Bond 3.250% (EU taxonomy-aligned convertible transition
bond)
500
500
3.250
2023
2028
484
488
TOTAL BOND LOANS
9,891
12,443
9,876
12,461
(a)
Liability Management 2022 bond loans.
(b)
Floating rate bond loan, converted to a fixed rate through an Interest Rate Swap (IRS) hedging derivative contract.
(c)
True-up bond loan.
(d)
Bond loan with a nominal value of GBP 600 million, converted into euro through a Cross Currency Swap (CCS) hedging derivative contract. The nominal value indicated is obtained by conversion into euros at the year-end spot exchange rate.
\"\"
There are no long-term bank loans denominated in currencies other than the euro.
The weighted average interest rate on drawn bank loans (excluding EIB loans) is equal to 3.52% (2.36% for the
financial year 2023).
There are no breaches of clauses related to the financing contracts.
Snam also has undrawn committed credit lines totalling \u20ac 5.6 billion.
Financial covenants and negative pledge contractual clauses
At December 31, 2024, Snam had unsecured bilateral and syndicated loan agreements in place with banks and other
financial institutions.
Some of these agreements require, inter alia, compliance with commitments typical of international practice, some
of which are subject to specific materiality thresholds, such as: (i) negative pledge commitments under which Snam
and its subsidiaries are subject to limitations on the creation of security interests or other liens over all or part of
their respective assets, shares or commodities; (ii) pari passu and change of control clauses; (iii) limitations on
certain extraordinary transactions that the company and its subsidiaries may carry out; (iv) limits on the
indebtedness of subsidiaries.
Failure to comply with these covenants, as well as the occurrence of other events, such as cross-default events, may
result in a default by Snam and, possibly, may cause the related loan to become due in advance. Exclusively for the
EIB loans, the lender has the option to request additional guarantees if Snam's rating is lower than BBB (Standard &
Poor's/Fitch) or lower than Baa2 (Moody's), with at least two of the three rating agencies.
The occurrence of one or more of the aforementioned scenarios could have negative effects on Snam Group's
results, financial position and cash flow, resulting in additional costs and/or liquidity issues.
At December 31, 2024, the financial debt subject to these restrictive clauses amounted to approximately \u20ac3.8
billion.
Bonds issued by Snam at December 31, 2024, equal to a nominal value of approximately \u20ac12.4 billion, mainly
referred to securities issued under the Euro Medium Term Notes programme 179. The covenants established for the
programme's securities are typical of international market practice and consist of, inter alia, negative pledge and
pari passu clauses. Specifically, under the negative pledge clause, Snam and its material subsidiaries are subject to
limitations to pledging or maintaining encumbrances on all or part of their assets or proceeds to guarantee present
or future debt, unless this is explicitly permitted.
17.3\u00a0 Analysis of net financial debt
An analysis of net financial debt with evidence of related party transactions is shown in the table below:
(million euros)
31.12.2023
31.12.2024
A. Cash
379
255
B. Cash equivalents
1,003
1,551
C. Other current financial assets
350
D. Liquidity (A + B + C)
1,382
2,156
E. Current financial debt (including debt instruments, but excluding the current portion of
non-current financial debt)
2,931
2,021
F. Current portion of non-current financial debt (*)
1,981
1,533
G. Current financial debt (E + F)
4,912
3,554
of which with related parties
4
4
H.\u00a0 Net current financial debt (G - D)
3,530
1,398
I. Non-current financial debt (excluding current portion and debt instruments) (*)
3,081
3,707
J. Debt instruments
8,659
11,100
K. Trade and other non-current payables
33
L. Non-current financial debt (I + J + K)
11,740
14,840
of which with related parties
500
699
M. Total financial debt (H + L)
15,270
16,238
(*)
Includes financial payables for leased assets recognised in accordance with IFRS 16 'Leases', of which \u20ac46 million are non-current and \u20ac13
million are current portions of non-current financial payables.
17.4\u00a0 Reconciliation of net financial debt
In accordance with the provisions of IAS 7 'Statement of Cash Flows', the monetary and non-monetary changes in
liabilities arising from financing activities and in the assets comprising net financial debt are shown below.
Changes without impacts on cash flows
\u00a0(million euros)
31.12.2023
Changes in cash flows
IFRS 16 impact
Exchange Delta
Change in scope of
consolidation
Other changes
31.12.2024
Cash and cash equivalents
1,382
428
(4)
1,806
Current financial receivables
350
350
Liquidity and financial receivables
1,382
778
(4)
2,156
Short-term financial payables
2,931
(910)
2,021
Non-current financial payables (*)
13,678
2,537
5
61
16,281
Trade payables and other payables
33
33
Financial payables for leased assets
43
(15)
31
59
Gross financial debt
16,652
1,612
31
5
94
18,394
Net financial debt
15,270
834
31
5
4
94
16,238
(*) Includes the short-term portions of non-current financial payables.\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-963": { "value": "
18)\u00a0 PROVISIONS FOR RISKS AND CHARGES
31.12.2023
Uses
(million euros)
Opening balance
Provisions
Increase for the
passing of time
for costs
for surplus
Change in scope of
consolidation
Other changes
Closing balance
Provision for decommissioning and site
restoration
498
18
(2)
1
50
565
Provision for legal disputes
21
4
(1)
(4)
20
Provision for tax litigation
11
7
18
Early retirement fund
6
4
(4)
6
Other funds
38
23
(7)
54
TOTAL PROVISIONS FOR RISKS AND
CHARGES
574
38
18
(14)
(4)
1
50
663
31.12.2024
Uses
(million euros)
Opening balance
Provisions
Increase for the passing of
time
for costs
for surplus
Other changes
Closing balance
Provision for decommissioning and site restoration
565
18
(4)
118
697
Provision for legal disputes
20
9
(2)
(3)
24
Provision for tax litigation
18
(1)
17
Early retirement fund
6
16
(5)
17
Other funds
54
87
(18)
(4)
(1)
118
TOTAL PROVISIONS FOR RISKS AND CHARGES
663
112
18
(30)
(7)
117
873
\"\"
The provision for decommissioning and site restoration (\u20ac 697 million) includes the estimated, discounted costs that
will be incurred for the removal of structures and site restoration, referring mainly to the storage (\u20ac595 million) and
natural gas transportation 180 (\u20ac69 million) sectors. The discounting was carried out using the rate corresponding to
the yields of Euro Area Corporate Bonds with an 'AA' rating. The rate thus determined is between 2.6% and 3.4%,
while the inflation rate is between 1.6% and 2.2%. The final maturity in chronological order for disbursements
related to the decommissioning and restoration of storage sector sites refers to the Bordolano concession, in the
year 2041.
Other changes (\u20ac 117 million) mainly refer to the effects of higher estimated costs for the execution of works as
well as the reduction of expected discount rates (\u20ac116 million).\u00a0
Other provisions for risks and charges (\u20ac 118 million) mainly relate to: (i) the estimate of charges related to
regulatory items for which the company has assessed the existence of the conditions to recognise a provision for
risks, instead of the provision for bad debts (\u20ac62 million); (i) the estimated charges that the Group's insurance
company, Gasrule Insurance DAC, expects to incur for insured claims (\u20ac22 million); (i) the costs connected with the
signing of settlement agreements, amending previous framework agreements for new investments and the
purchase of shareholdings relating to the Biomethane - Waste business (\u20ac9 million); (iv) an estimate of probable tax
liabilities (\u20ac7 million).\u00a0
The sensitivity 181 on the discount rate represents the change in the value of the liability that is obtained with the
year-end valuation data, by varying the discount rate, subject to the other assumptions.
(million euros)
Variation in the discount rate
10% reduction
10% increase
Change in provision for decommissioning and site restoration
at 31.12.2024
30
(28)
", "dimensions": { "concept": "ifrs-full:DisclosureOfProvisionsExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-964": { "value": "
19)\u00a0 DEFERRED TAX LIABILITIES/ASSETS
(million euros)
31.12.2023
31.12.2024
Deferred tax liabilities, before offsetting
141
149
Offsetting with deferred tax assets
(82)
(81)
DEFERRED TAX LIABILITIES
59
68
Deferred tax assets, before offsetting
(457)
(532)
Offsettable deferred tax liabilities
82
81
DEFERRED TAX ASSETS
(375)
(451)
Deferred tax liabilities and assets, before offsetting, are analysed below according to the nature of the most
significant temporary differences:
31.12.2023
(million euros)
Opening balance
Changes recognised in the income
statement
Impacts recognised in equity
Other changes
Change in scope of consolidation
Closing balance
of which: IRES, CORPORATION TAX
of which: IRAP, REGIONAL TRADE
INCOME TAX
Depreciation and amortization carried out for tax
purposes only
58
58
58
Decommissioning and site restoration
Revaluations of property, plant and equipment
46
(4)
3
45
43
2
Capitalisation of financial expenses
6
6
5
1
Write-down of excess receivables
3
3
3
Other temporary differences
15
2
1
11
29
26
3
Deferred tax liabilities, before offsetting
128
(2)
1
14
141
135
6
Decommissioning and site restoration
(82)
(5)
(87)
(74)
(13)
Non-deductible depreciation and amortization
(235)
(32)
(267)
(265)
(2)
Provisions for risks and charges and other non-
deductible provisions
(40)
(12)
(52)
(52)
Non-repayable and contractual grants
(17)
(17)
(15)
(2)
Employee benefits
(4)
(1)
(5)
(5)
Other temporary differences
(30)
2
(1)
(29)
(18)
(11)
Deferred tax assets, before offsetting
(408)
(50)
2
(1)
(457)
(429)
(28)
\"\"
31.12.2024
(million euros)
Opening balance
Changes recognised in the income statement
Impacts recognised in equity
Other changes
Change in scope of consolidation
Closing balance
of which: IRES, CORPORATION TAX
of which: IRAP, REGIONAL TRADE INCOME TAX
Depreciation and amortization carried out for tax
purposes only
58
58
58
Revaluations of property, plant and equipment
45
(3)
42
40
2
Capitalisation of financial expenses
6
6
5
1
Write-down of excess receivables
3
3
3
Other temporary differences
29
13
(2)
40
39
1
Deferred tax liabilities, before offsetting
141
10
(2)
149
145
4
Decommissioning and site restoration
(87)
(3)
(90)
(77)
(13)
Non-deductible depreciation and amortization
(267)
(42)
(309)
(307)
(2)
Provisions for risks and charges and other non-
deductible provisions
(52)
14
(38)
(32)
(6)
Non-repayable and contractual grants
(17)
(17)
(14)
(3)
Employee benefits
(5)
(11)
(16)
(13)
(3)
Other temporary differences
(29)
(28)
(5)
(62)
(58)
(4)
Deferred tax assets, before offsetting
(457)
(70)
(5)
(532)
(501)
(31)
", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-965": { "value": "
20)\u00a0 EMPLOYEE BENEFITS
(million euros)
31.12.2023
31.12.2024
Employee severance indemnity (TFR)
21
21
Early retirement fund
15
Supplementary Healthcare Fund for Executives of Eni Companies (FISDE)
4
5
Employee benefits related to seniority bonuses
3
3
EMPLOYEE BENEFITS
28
44
Employee severance indemnity (\u20ac 21 million), governed by Article 2120 of the Italian Civil Code, includes the
estimated obligation, determined on the basis of actuarial techniques, related to the amount to be paid to
employees upon termination of employment. The indemnity, which is paid in the form of a lump sum, is equal to the
sum of allowances calculated on the salary items paid in respect of the employment relationship and revalued up to
the time of its termination. Due to legislative changes introduced from 1 January 2007, for companies with more
than 50 employees, a significant portion of the accrued severance indemnity is classified as a defined contribution
plan, as the company's obligation is represented solely by the payment of contributions to pension funds, i.e., INPS.
The liability relating to post-employment benefits prior to 1 January 2007 continues to represent a defined benefit
plan to be measured using actuarial techniques.
The Early retirement fund ( \u20ac15 million), concerns the employer's costs arising from the application of the
implementation agreement, signed by Snam with trade union organisations on 10 December 2024, in relation to
the pension advance for employees, governed by Article 4, paragraphs 1-7 of Law no. 92/2012 (the so-called
'Fornero Law') 182. The agreement concerns a maximum of 80 Snam S.p.A. employees who have accrued the required
retirement conditions, subject to verification by the Italian Social Security Institute, INPS, and provides, for
beneficiary employees, to take advantage of the rule on reaching the requirements for retirement within four years
from two exit 'time slots', identified in May and October 2025.
The FISDE fund (5 million) includes the estimated costs, determined on an actuarial basis, related to the
contributions to be paid for the benefit of serving 183 and retired executives. This fund provides supplementary
healthcare benefits to Eni Group executives 184 and retired executives whose last employment relationship was with
the Eni Group in an executive capacity. FISDE is financed by the payment: (i) of contributions from member
companies; (ii) of contributions from Members for themselves and their families; (iii) of ad hoc contributions for
specific benefits. The amount of the liability and the cost of care are determined by taking as a reference for the
estimated health care costs paid by the fund the contribution that the company pays to pensioners.
Employee benefits related to seniority bonuses (\u20ac3 million) are benefits paid in kind in the form of goods and/or
services upon reaching a minimum period of service in the company.
The composition of and changes in liabilities for employee benefits, measured using actuarial techniques, are as
follows:
31.12.2023
31.12.2024
(million euros)
EMPLOYEE
SEVERANCE
INDEMNITY
FISDE
Other
liabilities
Total
EMPLOYEE
SEVERANCE
INDEMNITY
Early
retirement
fund
FISDE
Other
liabilities
Total
EMPLOYEE
BENEFITS AT THE
BEGINNING OF THE
YEAR
20
4
3
27
21
5
3
29
Costs related to
current services
(recognised under
'personnel costs')
1
1
3
15
18
Interest cost
(recognised under
financial expenses)
1
1
Actuarial (gains)/
losses from past
experience
adjustments
(recognised in other
comprehensive
income)
2
2
Benefits paid
(3)
(3)
(3)
(3)
EMPLOYEE
BENEFITS AT THE
END OF THE YEAR
21
4
3
28
21
15
5
3
44
The table below shows the main actuarial assumptions used to value the liabilities at the end of the year and to
determine the cost for the following year.
(million euros)
31.12.2023
31.12.2024
EMPLOYEE
SEVERANCE
INDEMNITY
FISDE
Other
liabilities
EMPLOYEE
SEVERANCE
INDEMNITY
FISDE
Other
liabilities
Discount rate (%)
3.4
3.4
3.4
3.3
3.3
3.0
Inflation rate (%) (*)
2.0
2.0
2.0
1.9
1.9
1.9
(*)
With regard to other liabilities, the rate refers to seniority bonuses and early retirement.
The discount rate adopted was determined by taking into account bond yields of leading companies (Euro area
corporate bonds and AA ratings).
The employee benefit plans recognised by Snam are subject, in particular, to interest rate risk, as a change in the
discount rate could lead to a significant change in the liability.
The effects of a reasonably possible change in the discount rate at the end of the financial year are illustrated
below. It should also be noted that any changes in mortality do not have a significant effect on the liability. The
sensitivity on the discount rate represents the change in value of the liability that is obtained with the year-end
valuation data, by varying the discount rate by a certain number of basis points, subject to other assumptions.
(million euros)
Variation in the discount rate
Effect on net obligation at 31.12.2024
0.5% reduction
0.5% increase
Change in employee severance indemnity at 31.12.2024
1
(1)
Change in liabilities for FISDE at 31.12.2024
(1)
The maturity profile of employee benefit plan obligations is shown in the table below:
31.12.2023
31.12.2024
(million euros)
EMPLOYEE
SEVERANCE
INDEMNITY
FISDE
Other
liabilities
Total
EMPLOYEE
SEVERANCE
INDEMNITY
FISDE
Early
retirement
fund
Other
liabilities
Total
Within the next
year
3
3
2
2
4
Within five years
8
8
8
13
21
Over five and up
to ten years
7
1
1
9
9
1
1
11
Over ten years
3
3
2
8
2
4
2
8
EMPLOYEE
BENEFITS
21
4
3
28
21
5
15
3
44
The weighted average duration of employee benefit plan obligations is shown below:
31.12.2023
31.12.2024
EMPLOYEE
SEVERANCE
INDEMNITY
FISDE
Other
liabilities
EMPLOYEE
SEVERANCE
INDEMNITY
FISDE
Early
retirement
fund
Other
liabilities
Weighted average duration
(years)
7
19
11
8
19
2
11
", "dimensions": { "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-966": { "value": "
21)\u00a0 OTHER CURRENT AND NON-CURRENT LIABILITIES
31.12.2023
31.12.2024
(million euros)
Current
Non-
current
Total
Current
Non-
current
Total
Security deposits
1,040
1,040
707
707
Fuel gas
532
100
632
517
35
552
Regulatory liabilities
99
50
149
18
49
67
Other taxes
65
65
5
5
Fair value of non-hedging derivative contracts
14
14
24
24
Fair value of cash flow hedge derivative (CFH)
contracts
8
16
24
IRPEF withholdings for employees
7
7
11
11
Liabilities for connection contributions
7
7
7
7
Other
10
10
13
13
TOTAL OTHER CURRENT AND NON-CURRENT
LIABILITIES
713
1,211
1,924
572
838
1,410
Security deposits (\u20ac 707 million) refer to payments received as guarantees, mainly from users of the balancing
service, pursuant to Resolution ARG/gas 45/11 'Regulations on the balancing of the economic merit of natural gas'.
The item 'Fuel gas' (\u20ac 552 million) mainly refers to the transportation sector and concerns the liability recognised for
the volumes of gas to be used for the operation of the system, in compliance with the provisions of Resolution
165/2022/R/Gas 'Urgent provisions for the allocation of storage capacity pursuant to the Decree of the Ministry of
Ecological Transition No. 138 of 1 April 2022'.
Regulatory liabilities (\u20ac 67 million) mainly relate to the transportation sector, for penalties charged to users who
exceeded their committed capacity, to be returned to the system through tariff adjustments.
The fair value of non-hedging financial derivative contracts (\u20ac 24 million) relates to the embedded option
component of the debenture loan convertible into Italgas S.p.A. ordinary shares.
Liabilities arising from the fair value measurement of cash flow hedge derivative contracts (\u20ac24 million) refer to: (i)
23 Interest Rate Swap (IRS) derivative contracts, used to hedge the risk of interest rate fluctuations against variable-
rate loans (\u20ac22 million). Through derivative contracts, variable-rate liabilities are converted into fixed-rate liabilities
from the effective date of the contract; (ii) 4, Over-The-Counter (OTC) commodity derivative contracts, used to
hedge the risk of fluctuations in the price of natural gas and electricity (\u20ac1 million), related to the biomethane
business; (iii) 3, Cross Currency Swap (CCS) contracts used to hedge cash flows on foreign currency bonds (\u20ac1
million).\u00a0
The fair value of hedging derivative contracts, as well as the classification between current and non-current assets/
liabilities, were determined on the basis of valuation models commonly used in the financial sector and on market
parameters at the end of the period.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-967": { "value": "
Liabilities arising from the fair value measurement of cash flow hedge derivative contracts (\u20ac24 million) refer to: (i)
23 Interest Rate Swap (IRS) derivative contracts, used to hedge the risk of interest rate fluctuations against variable-
rate loans (\u20ac22 million). Through derivative contracts, variable-rate liabilities are converted into fixed-rate liabilities
from the effective date of the contract; (ii) 4, Over-The-Counter (OTC) commodity derivative contracts, used to
hedge the risk of fluctuations in the price of natural gas and electricity (\u20ac1 million), related to the biomethane
business; (iii) 3, Cross Currency Swap (CCS) contracts used to hedge cash flows on foreign currency bonds (\u20ac1
million).\u00a0
The fair value of hedging derivative contracts, as well as the classification between current and non-current assets/
liabilities, were determined on the basis of valuation models commonly used in the financial sector and on market
parameters at the end of the period.
", "dimensions": { "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-968": { "value": "
22)\u00a0 TRADE AND OTHER PAYABLES
(million euros)
31.12.2023
31.12.2024
Trade payables for the purchase of goods and services
987
987
Total trade payables
987
987
Other payables
- Payables to the Cassa per i Servizi Energetici e Ambientali (CSEA)
4,037
3,269
- Payables for investment activities
938
1,238
- Interim dividend
378
390
- Payables to personnel
45
46
- Payables to social security institutions
25
26
- Others
56
36
Total other payables
5,479
5,005
TOTAL TRADE AND OTHER PAYABLES (*)
6,466
5,992
(*) Of which 229 million euros maturing in more than 12 months on 31 December 2024.
Trade payables for the purchase of goods and services (\u20ac 987 million) are mainly related to the transportation sector (\u20ac629
million, of which \u20ac241 million from balancing activities) and the energy transition sector (\u20ac211 million).
Payables to CSEA (\u20ac 3,269 million) mainly refer to: (i) tariff components, additional to the tariff (\u20ac1,795 million); (i) the
retrocession of amounts obtained from the sale of gas volumes purchased for the last resort filling service in compliance
with resolutions 274/2022/R/Gas and 3/2023/R/Gas (\u20ac1,445 million).
Liabilities for investment activities (\u20ac 1,238 million) mainly relate to the transmission (\u20ac788 million) and natural gas storage
(\u20ac105 million) sectors and also include estimated liabilities for contractually agreed earn-outs.
The interim dividend (\u20ac 390 million) refers to the payable to shareholders for the 2024 interim dividend of \u20ac0.1162 per
share, which was resolved on 6 November 2024. The interim payment was made starting from 22 January 2025.
As part of its supply chain support measures, with the aim of supporting its suppliers in the efficient management of
liquidity, Snam has Supply Chain Finance (SCF) agreements in place. The agreements, which last for several years, provide
for the possibility for participating suppliers of goods and services to request a credit institution to pay invoices in advance,
through the assignment of all receivables owed by the same suppliers to Snam.
These agreements provide for Snam to reimburse the bank according to the original terms and conditions of the invoices,
without issuing any guarantees or recognising any fees to the bank. Therefore, payables continue to meet the criteria for
being classified under 'Trade and other payables' as they do not have to be classified as financial payables.
\"\"
At 31 December 2024, the amount of trade payables included in supply chain financing agreements was \u20ac35 million. Based
on the agreements currently in place, Snam does not have information on the timing with which the financial institution
pays invoices to the supplier.
The payment terms for trade payables, on average 60 days end of month from the invoice date, are the same for
participating suppliers and for similar suppliers not participating in these agreements.
Snam regularly monitors the Supply Chain Finance agreements in place in order to assess whether the resulting liabilities
should be reclassified as financial liabilities in the event of substantial changes in contractual terms or significant risk
transfer.
Payables to related parties are illustrated in Note 36 'Transactions with related parties'.
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-969": { "value": "
23)\u00a0 EQUITY
(million euros)
31.12.2023
31.12.2024
Share capital
2,736
2,736
Treasury shares
(30)
(27)
Share premium reserve
611
611
Legal reserve
547
547
Reserve for perpetual subordinated bonds
1,000
Cash flow hedge reserve
(32)
(47)
Reserve for defined benefit plans for employees
(6)
(6)
Fair value reserve for equity investments
(15)
(31)
Reserve for business combinations under common control
(674)
(674)
Other reserves
170
164
Total reserves
(10)
953
Profits from previous years
3,571
3,787
Interim dividend
(378)
(390)
Profit for the year
1,135
1,259
Total retained earnings
4,328
4,656
Shareholders\u2019 equity of the parent company
7,635
8,929
Non-controlling interests
45
44
TOTAL EQUITY
7,680
8,973
23.1\u00a0 Share capital
The share capital at December 31, 2024 consisted of 3,360,857,809 shares without nominal value (unchanged from
December 31, 2023), with a total value of \u20ac2,735,670,475.56 (unchanged from December 31, 2023).
23.2\u00a0 Treasury shares
The negative reserve for the purchase of treasury shares (\u20ac27 million) includes the purchase cost of 6,461,439
treasury shares in the portfolio at December 31, 2024 (7,244,579 treasury shares, equal to 0.22 of the share capital
at December 31, 2023) equal to 0.19% of the share capital, for a book value of 27 million (\u20ac30 million at December
31, 2023). The market value of treasury shares at December 31, 2024 amounted to approximately \u20ac 28 million. 185
In compliance with the provisions of Article 2428 of the Italian Civil Code, the treasury shares held by the Company
at December 31, 2024 are analysed in the table below:
Number of
shares
Average cost
(euro)
Total cost
(million
euros)
Share Capital
(%)
Treasury shares at 31 December 2022
8,101,437
4.076
33
0.24
Movements 2023
Shares granted free of charge under the 2020-2022 Share-
based incentive plan (2021 allocation)
(-)
1,468,158
4.069
6
- 2023 Purchases (sell to cover)
(+)
611,300
4.725
3
Treasury shares at 31 December 2023
7,244,579
4.133
30
0.22
Movements 2024
Shares granted free of charge under the 2020-2022 Share-
based incentive plan (2021 allocation)
(-)
1,268,719
4.133
5
- 2024 Purchases (sell to cover)
(+)
485,579
4.282
2
Treasury shares at 31 December 2024
6,461,439
4.144
27
0.19
The reduction in the number of treasury shares compared to December 31, 2023 is attributable to the free
assignment of 1,268,719 shares to Snam executives following the end of the vesting period, as envisaged in the
2020-2022 long-term share-based Incentive Plan, and to the concurrent buy back by the assignee executives, of
485,579 shares to cover the amount of taxes owed by the assignees.
The Snam Ordinary Shareholders' Meeting, held on 7 May 2024, authorised, subject to revocation of the resolution
to authorise a purchase of treasury shares by the Ordinary Shareholders' Meeting on 4 May 2023, for the part that
remained non-executed, a share buy-back plan, to be carried out on one or more occasions through one or more
primary intermediaries appointed by Snam Spa, for a maximum duration of 18 months from the Shareholders\u2019
Meeting, with a maximum disbursement of \u20ac500 million and up to a maximum limit of shares in portfolio equal to
3.27% of subscribed and paid-up share capital.
23.3\u00a0 Share premium reserve
The share premium reserve at December 31, 2024 amounted to \u20ac 611 million (unchanged at December 31, 2023).
23.4\u00a0 Other reserves
Legal reserve
The legal reserve at December 31, 2024 amounted to \u20ac 547 million (unchanged at December 31, 2023) and had
already reached one fifth of the share capital, as required by Article 2430 of the Italian Civil Code.
Reserve for perpetual subordinated bonds
The reserve for perpetual subordinated bonds (\u20ac1,000 million) relates to the bond issue in September 2024, with a
nominal value of \u20ac1 billion, a fixed annual coupon of 4.50%, which will be paid, upon fulfilment of the contractually
agreed conditions, up to the first reset date (excluded) of 10 December 2029. From that date, unless fully
redeemed, the bond will accrue interest equal to the five-year Euro Mid-Swap rate plus an initial margin of 216.2
basis points, increased by an additional margin of 25 basis points, starting from 10 December 2034, and by an
additional 75 basis points as from 10 December 2049.
Cash flow hedge reserve
The cash flow hedge reserve (\u20ac-47 million, \u20ac-32 million at December 31, 2023, net of related tax effects) refers to
the fair value measurement of hedging derivatives.
Changes in the reserve during the year are analysed below:
(million euros)
Gross reserve
Tax effect
Net reserve
BALANCE AT 01.01.2023
(51)
12
(39)
Changes in the financial year 2023
10
(3)
7
BALANCE AT 31.12.2023
(41)
9
(32)
Changes in the financial year 2024
(20)
5
(15)
BALANCE AT 31.12.2024
(61)
14
(47)
Reserve for defined benefit plans for employees
The reserve for defined employee benefit plans (\u20ac-6 million; unchanged at December 31, 2023) includes actuarial
losses, net of the related tax effect, recognised in other comprehensive income, in accordance with IAS 19.
Fair value reserve for equity investments
The fair value reserve for equity investments (\u20ac-31 million; \u20ac-15 million at December 31, 2023) includes the change
in fair value, net of tax effects, of non-controlling interests for which, upon initial recognition, Snam opted for
measurement at FVTOCI (\u2018fair value through other comprehensive income\u2019). For more details, see Note 11 'Other
current and non-current financial assets'.
Reserve for business combinations under common control
The reserve for business combinations under common control (-\u20ac674 million; unchanged at December 31, 2023),
recognised as part of a business combination under common control (BCUCC) carried out in 2009 with the former
parent company Eni, relates to the value arising from the difference between the purchase cost of the investment
in Stogit and the related equity attributable to the group at the date the transaction was completed.
Other
Other reserves of \u20ac 164 million (\u20ac170 million at December 31, 2023) mainly refer to the portions of other
comprehensive income of equity investments accounted for using the equity method, in particular, to changes in
the fair value of hedging derivatives and exchange differences.
23.5\u00a0 Retained earnings
Retained earnings (\u20ac 4,656 million) include:
\u2022 profits from previous years, amounting to \u20ac 3,787 million (\u20ac3,571 million at December 31, 2023); the increase of
\u20ac216 million is mainly due to the 2023 profit remaining after the distribution of the dividend (\u20ac190 million);
\u2022 the 2024 interim dividend (390 million, recognised as a reduction of shareholders' equity), equal to \u20ac 0.1162 per
share, resolved on 6 November 2024 by the Board of Directors pursuant to Article 2433-bis, paragraph 5, of the
Italian Civil Code. The interim payment was made on 22 January 2025, with ex-dividend date on 20 January 2025
and record date on 21 January 2025;
\u2022 profit for the financial year 2024, amounting to \u20ac 1,259 million;
23.6\u00a0 Dividends declared and distributed and dividends to be distributed
On 7 May 2024, the Ordinary Shareholders' Meeting of Snam S.p.A. resolved to distribute an interim dividend of
\u20ac0.1692 per share, payable as from 26 June 2024 with ex-dividend date on 24 June 2024 and record date on 25
June 2024 (\u20ac567 million). The dividend for the financial year 2023 is therefore determined between an interim
dividend of \u20ac0.1128 per share (\u20ac378 million), already distributed in January 2024, and the balance of \u20ac0.2820 per
share.\u00a0
The Board of Directors, in its meeting of 19 March 2025, proposed to the Shareholders' Meeting convened for 14
May 2025, the distribution of a final dividend of \u20ac0.1743 per share, which will be payable as from 25 June 2025
(record date 24 June 2025), with ex-dividend date of 23 June 2025. The dividend for the financial year 2024 is
therefore determined as equal to \u20ac0.1162 per share (390 million euro), already distributed in January 2025, and the
balance of \u20ac 0.2905 per share.", "dimensions": { "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-970": { "value": "
23.1\u00a0 Share capital
The share capital at December 31, 2024 consisted of 3,360,857,809 shares without nominal value (unchanged from
December 31, 2023), with a total value of \u20ac2,735,670,475.56 (unchanged from December 31, 2023).", "dimensions": { "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-971": { "value": "
23.2\u00a0 Treasury shares
The negative reserve for the purchase of treasury shares (\u20ac27 million) includes the purchase cost of 6,461,439
treasury shares in the portfolio at December 31, 2024 (7,244,579 treasury shares, equal to 0.22 of the share capital
at December 31, 2023) equal to 0.19% of the share capital, for a book value of 27 million (\u20ac30 million at December
31, 2023). The market value of treasury shares at December 31, 2024 amounted to approximately \u20ac 28 million. 185
In compliance with the provisions of Article 2428 of the Italian Civil Code, the treasury shares held by the Company
at December 31, 2024 are analysed in the table below:
Number of
shares
Average cost
(euro)
Total cost
(million
euros)
Share Capital
(%)
Treasury shares at 31 December 2022
8,101,437
4.076
33
0.24
Movements 2023
Shares granted free of charge under the 2020-2022 Share-
based incentive plan (2021 allocation)
(-)
1,468,158
4.069
6
- 2023 Purchases (sell to cover)
(+)
611,300
4.725
3
Treasury shares at 31 December 2023
7,244,579
4.133
30
0.22
Movements 2024
Shares granted free of charge under the 2020-2022 Share-
based incentive plan (2021 allocation)
(-)
1,268,719
4.133
5
- 2024 Purchases (sell to cover)
(+)
485,579
4.282
2
Treasury shares at 31 December 2024
6,461,439
4.144
27
0.19
The reduction in the number of treasury shares compared to December 31, 2023 is attributable to the free
assignment of 1,268,719 shares to Snam executives following the end of the vesting period, as envisaged in the
2020-2022 long-term share-based Incentive Plan, and to the concurrent buy back by the assignee executives, of
485,579 shares to cover the amount of taxes owed by the assignees.
The Snam Ordinary Shareholders' Meeting, held on 7 May 2024, authorised, subject to revocation of the resolution
to authorise a purchase of treasury shares by the Ordinary Shareholders' Meeting on 4 May 2023, for the part that
remained non-executed, a share buy-back plan, to be carried out on one or more occasions through one or more
primary intermediaries appointed by Snam Spa, for a maximum duration of 18 months from the Shareholders\u2019
Meeting, with a maximum disbursement of \u20ac500 million and up to a maximum limit of shares in portfolio equal to
3.27% of subscribed and paid-up share capital.", "dimensions": { "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-972": { "value": "4656000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:RetainedEarnings", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-973": { "value": "-390000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:8156002278562044AF79", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "snam:InterimDividendMember", "unit": "iso4217:EUR" } }, "f-974": { "value": "
23.6\u00a0 Dividends declared and distributed and dividends to be distributed
On 7 May 2024, the Ordinary Shareholders' Meeting of Snam S.p.A. resolved to distribute an interim dividend of
\u20ac0.1692 per share, payable as from 26 June 2024 with ex-dividend date on 24 June 2024 and record date on 25
June 2024 (\u20ac567 million). The dividend for the financial year 2023 is therefore determined between an interim
dividend of \u20ac0.1128 per share (\u20ac378 million), already distributed in January 2024, and the balance of \u20ac0.2820 per
share.\u00a0
The Board of Directors, in its meeting of 19 March 2025, proposed to the Shareholders' Meeting convened for 14
May 2025, the distribution of a final dividend of \u20ac0.1743 per share, which will be payable as from 25 June 2025
(record date 24 June 2025), with ex-dividend date of 23 June 2025. The dividend for the financial year 2024 is
therefore determined as equal to \u20ac0.1162 per share (390 million euro), already distributed in January 2025, and the
balance of \u20ac 0.2905 per share.", "dimensions": { "concept": "ifrs-full:DisclosureOfDividendsExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-975": { "value": "
24)\u00a0 NON-CONTROLLING INTERESTS OF SUBSIDIARIES
The economic and financial disclosures required by IFRS 12 for subsidiaries with significant non-controlling interests,
with reference to the financial years ended December 31, 2023 and December 31, 2024.
31.12.2023
\u00a0(million euros)
Renovit
S.p.A.
Renovit
Building
Solutions
S.p.A.
(formerly
Evolve
S.p.A.)
Renovit
Public
Solutions
S.p.A.
Renovit
Business
Solutions
S.r.l.
(formerly
TEP Energy
Solution
S.r.l.)
Other
companies
individually
not relevant
(*)
Intragroup
eliminations
consolidation
adjustments
Total
Total assets
101
624
219
911
Total liabilities
(26)
(576)
(176)
(901)
TOTAL NET ASSETS
75
48
43
10
Non-controlling interests %
39.95%
39.95%
39.95%
39.95%
- attributable to third parties
30
19
17
4
4
(29)
45
Net result
(3)
23
14
(12)
OCI
TOTAL COMPREHENSIVE
INCOME
(3)
23
14
(12)
Non-controlling interests %
39.95%
39.95%
39.95%
39.95%
- attributable to third parties
(1)
9
6
(5)
1
10
(*)
It refers to two companies.
31.12.2024
\u00a0(million euros)
Renovit
S.p.A.
Renovit
Building
Solutions
S.p.A.
(formerly
Evolve
S.p.A.)
Renovit
Public
Solutions
S.p.A.
Renovit
Business
Solutions
S.r.l.
(formerly
TEP Energy
Solution
S.r.l.)
Other
companies
individually not
relevant (*)
Intragroup
eliminations
consolidation
adjustments
Total
Total assets
103
548
219
756
Total liabilities
(30)
(505)
(174)
(738)
TOTAL NET ASSETS
73
43
45
18
Non-controlling interests %
39.95%
39.95%
39.95%
39.95%
- attributable to third parties
30
17
18
7
5
(33)
44
Net result
(3)
(5)
2
7
OCI
TOTAL COMPREHENSIVE
INCOME
(3)
(5)
2
7
Non-controlling interests %
39.95%
39.95%
39.95%
39.95%
- attributable to third parties
(2)
(2)
1
3
(2)
(2)
(*)
It refers to two companies.
", "dimensions": { "concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-976": { "value": "
25)\u00a0 GUARANTEES AND COMMITMENTS
The Group's guarantees and commitments are indicated below:
(million euros)
31.12.2023
31.12.2024
GUARANTEES GIVEN ON BEHALF OF COMPANIES UNDER JOINT CONTROL AND
ASSOCIATED COMPANIES
1,129
1,135
of which:
- associated company TAP
1,129
1,129
GUARANTEES GIVEN ON BEHALF OF SUBSIDIARIES
371
604
TOTAL GUARANTEES
1,500
1,739
GROUP COMMITMENTS FOR THE PURCHASE OF GOODS AND SERVICES (*)
2,407
2,488
COMMITMENTS FOR THE SUBSCRIPTION OF INVESTMENT FUND UNITS
40
33
COMMITMENTS FOR THE SUBSCRIPTION OF SHARES
28
1
TOTAL COMMITMENTS
2,475
2,522
(*)
The value includes legally binding orders at the reporting date.
25.1\u00a0 Guarantees given on behalf of companies under joint control and
associated companies
Guarantees given on behalf of jointly controlled or associated companies (\u20ac 1,135 million) which mainly refer to the
guarantee issued on behalf of the associated company TAP. In particular, the Group has agreed to guarantee the
repayment of TAP\u2019s outstanding loan (for an amount pro rata to the Group\u2019s equity interest in TAP), conditioned
upon the occurrence of specific extraordinary events. The maximum amount of the Group\u2019s guarantee is \u20ac 1,129
million.
In addition, the financing agreements signed in connection with the TAP project financing also provide for certain
customary restrictions, including limitations on the Group\u2019s ability to: (i) dispose of its shares in TAP within a certain
timeframe; or (ii) pledge the shares held by Snam in TAP, for the entire duration of the relevant financing.
25.2\u00a0 Guarantees given on behalf of subsidiaries
Guarantees given on behalf of subsidiaries (\u20ac 604 million; 371 million at December 31, 2023) mainly refer to:
i. guarantees provided in favour of the Italian Revenue Agency, mainly on behalf of the subsidiaries Stogit, GNL,
Greenture, Bioenerys Agri and Snam FSRU Italia (\u20ac256 million) for receivables used in the context of the group
VAT settlement;
ii. guarantees in favour of the Ministry of the Environment and Energy Security (MASE), in the interest of Snam
Rete Gas (\u20ac126 million), to obtain advances on the contributions provided by the REPowerEU for the
construction of gas transportation infrastructure;
iii. indemnities issued in favour of third parties as a performance bond (\u20ac 48million);
iv. the Parent Company Guarantee (PCG) issued in favour of the contractor BW Fleet Management AS in the
interest of Snam FSRU Italia S.r.l., to guarantee obligations arising from the signing of the Development
Agreement relating to the FSRU regasification vessel \u2018BW Singapore\u2019 (\u20ac33 million).
25.3\u00a0 Group commitments for the purchase of goods and services
Commitments for the purchase of goods and services (\u20ac 2,488 million; 2,407 million at December 31, 2023) mainly
relating to contracts signed with suppliers for the purchase of goods and services related to the realization of
tangible assets. The latter, due to the agreements in force between Snam FSRU Italia S.r.l. and the Port Authorities
of the Northern Central Adriatic Sea, include \u20ac270 million earmarked for the construction of the breakwater in
Ravenna, necessary for the protection of the FSRU BW Singapore.
25.4\u00a0 Commitments to subscribe to
investment fund units and shares
Commitments to subscribe to investment fund units (\u20ac
33 million; \u20ac 40 million at December 31, 2023) concern:
(i) Snam S.p.A.'s residual commitment to the Clean H2
Infra Fund (HY24) (\u20ac23 million), as part of the
investment program that the fund proposes to carry
out over a total of six years from the final closing date
(December 13, 2023);
and
(ii) commitments to the CDP Corporate Partners I -
Energy Tech Fund (\u20ac10 million), as part of the
investment program that the fund proposes to carry
out over a total of five years from the first closing date
(18 May 2022). Such funds may be called up, even
partially and in several tranches, upon the
identification by the Fund of potential eligible
investments pursuant to the Fund\u2019s Regulation.
25.5\u00a0 Other commitments and related
risks not valued
Other commitments and related risks not valued
mainly refer to commitments undertaken at the time
of closing equity purchase transactions, intended to
operate also after the date of execution of such
transactions.
At December 31, 2024, the commitment was still in
place related to the contract for the purchase from Eni
of Stogit, for commitments related to the occurrence
of future events, such as: (i) the possible different
valuation of the gas owned by Stogit, compared to the
valuation recognised by ARERA, the energy regulator,
that could arise in certain contractually defined
circumstances; (ii) the possible transfer of storage
capacity that should become freely available on a
negotiated basis and no longer regulated, or the
transfer of concessions, among those held by Stogit, at
the time of the transfer of the shares that may be
dedicated primarily to storage activities no longer
subject to regulation
", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-977": { "value": "
26)\u00a0 FINANCIAL RISK MANAGEMENT
26.1\u00a0 Introduction
In the area of business risks, the main financial risks
identified, monitored and, to the extent specified
below, managed by Snam are as follows:
\u2022 the risk arising from exposure to interest rate
fluctuations;
\u2022 the credit risk arising from the possibility of default
by a counterparty;
\u2022 liquidity risk arising from a lack of financial
resources to meet short-term commitments;
\u2022 the risk arising from exposure to exchange rate
fluctuations;
\u2022 the risk arising from exposure to fluctuations in
commodity prices.
The financial risk management and control activity,
overseen by Snam through a specialist vertical
approach, is aimed at defining an adequate financial
structure and monitoring the corresponding risk limits,
in order to preserve financial sustainability and rating.
Snam therefore develops strategies, also through Key
Risk Indicators (KRI), for optimising and controlling the
risk profile, taking into account the context in which it
operates, the Risk Appetite Framework and the overall
value system produced by the Group's businesses.
In particular, in Snam, the financial risk management
and control activity is structured on the basis of the
following process:
\u2022 definition of appropriate KPIs and related limits;
\u2022 management;
\u2022 monitoring and reporting.
With regard to other risks that characterise operations,
please refer to the chapter \u2018Risk and uncertainty
factors\u2019 in the Directors\u2019 Report.
The following is a description of Snam's policies and
principles for the management and control of financial
risks, in accordance with the approach required by IFRS
7 - Financial Instruments: additional disclosures.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-978": { "value": "
26.2\u00a0 Risk of changes in interest rates
The risk of changes in interest rates relates to
fluctuations in interest rates that affect the market
value of the company's financial assets and liabilities,
the level of net financial expenses, and, specifically, the
level of revenues recognised in respect of regulated
businesses.
One of Snam's objectives is to minimise interest rate
risk in pursuing the objectives defined and approved in
the Strategic Plan.
The Snam Group adopts a centralised operating
organisational model. In accordance with this model,
Snam's structures ensure that needs are covered
through access to financial markets and the
deployment of funds, in line with approved objectives,
guaranteeing that the risk profile is maintained within
defined limits. At December 31, 2024, the Snam Group
had used external financial resources in the form of
debenture loans, commercial papers and bilateral and
syndicated loan agreements with banks and other
lenders, in the form of financial debt and bank credit
lines at interest rates indexed to market benchmark
rates, and in particular the Europe Interbank Offered
Rate (Euribor), and at fixed rates. The exposure to the
risk of changes in interest rates at December 31, 2024,
taking into account the hedging transactions put in
place, was approximately 19% of the total exposure of
the Group (30% at December 31, 2023). At 31
December 2024, Snam had Interest Rate Swap (IRS)
derivative contracts in place with a notional total
amount of \u20ac3,854 million, hedging the risk of interest
rate changes on bank loans and variable-rate bonds.
Although the Snam Group has an active risk
management policy, consistent with the revenue
recognition mechanism, an increase in interest rates on
unhedged variable-rate debt could have a negative
impact on the Snam Group's business and financial
position.
Despite considering the limited exposure to changes in
interest rates, which is limited to 19% of the Group's
total exposure and is mainly attributable to the Euribor
rate, a possible change in the method of calculating the
latter and the related \u2018fallback\u2019 clauses that may be
formulated, could entail the need for the Snam Group
to adjust the financial contracts that may be impacted
by the aforementioned change and/or the
management of forward-looking cash flows.
The following table shows the impact on equity and the net result for the year ended December 31, 2024 of a
hypothetical positive and negative change of 25 basis points (bps) in interest rates actually applied during the year:
(million euros)
31.12.2024
Income statement result
Interest
+25 bps
Interest
-25 bps
Non-hedged variable-rate loans
Effect of interest rate change
(13)
13
Impacts before tax effect
(13)
13
Tax effect
3
(3)
IMPACT NET OF TAX EFFECT
(10)
10
The effects on other components of comprehensive income, resulting from the above hypothetical change in
variable-rate loans converted through IRS into fixed-rate loans, were less than \u20ac1 million.
", "dimensions": { "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-979": { "value": "
26.3\u00a0 Credit risk
Credit risk represents the company's exposure to potential losses arising from the failure of counterparties to meet
their obligations. The non-payment or delayed payment of amounts due could adversely affect Snam's economic
results and financial equilibrium. With regard to the risk of counterparty default in contracts of a commercial
nature, credit management is entrusted to the responsibility of the business units and to Snam's centralised
functions for activities related to credit recovery and any litigation management.
For trade receivables, provisions for bad debts reflect the value of expected losses over the life of the receivable
and are determined on a collective basis according to the expected credit loss model, in line with the requirements
of the relevant accounting standards, or on the basis of individual and analytical assessments for credit exposures
that present specific risk elements (e.g., litigation or in the presence of detailed information available on the
recoverability of the exposure). For further details, please refer to Note 5 'Significant Accounting Policies' - 5.7 'Non-
derivative financial assets - receivables and debt securities'.
As far as regulated activities are concerned, which account for nearly all its operations, Snam provides its business
services to some 600 operators in the gas sector, taking into account that the top 10 operators account for about
64% of the entire market (Eni, Edison and Enel Global Trading in the top three places). The rules for customer access
to the services offered are laid down by the Authority and are set out in the Codes, i.e. in documents that establish,
for each type of service, the rules governing the rights and obligations of the parties involved in the process of
selling and providing the services themselves, and that define contractual clauses which significantly reduce the
risks of non-compliance by customers. The Codes provide for the granting of guarantees to cover the obligations
undertaken. In certain cases, if the customer has a credit rating issued by leading international bodies, the
furnishing of these guarantees may be mitigated. The regulatory framework has also provided for specific clauses in
order to guarantee the neutrality of the entity in charge of the Balancing activity, which has been carried out since 1
December 2011 by Snam Rete Gas in its capacity as a major transportation company. In particular, the current
balancing regulation requires Snam, on the basis of economic merit criteria, to operate mainly by buying and selling
via the GME balancing platform, in order to guarantee the resources necessary for the safe and efficient movement
of gas from the entry points to the withdrawal points, to ensure the constant balance of the network. For regulated
assets, the model for determining expected losses considers the guarantee and hedging mechanisms described
above.
Snam\u2019s maximum exposure to credit risk at December 31, 2024 is represented by the book value of the financial
assets recorded in the financial statements, detailed in Note 15 \u2018Trade and other receivables\u2019.
The breakdown of trade and other receivables by seniority is shown below, with an indication of the value net of the
provision for bad debt:
31.12.2023
31.12.2024
\u00a0(million euros)
Trade
receivables (*)
Other
receivables
Total
Trade
receivables (*)
Other
receivables
Total
Receivables not past due
3,624
146
3,770
2,774
399
3,173
Receivables past due
735
735
291
19
310
\u00a0 - 0 to 3 months
189
189
83
8
91
\u00a0 - 3 to 6 months
19
19
37
1
38
\u00a0 - 6 to 12 months
315
315
26
5
31
\u00a0 - over 12 months
212
212
145
5
150
Total trade and other
receivables
4,359
146
4,505
3,065
418
3,483
(*)
The exposure is net of past due and impaired loans amounting to \u20ac 107 million (160 million at 31 December 2023).
The net book value of trade receivables due at
December 31, 2024 and not written down, amounting
to \u20ac 291 million, mainly refers to trade receivables of
companies operating in regulated businesses; in
particular the item refers to: (i) the transportation
segment (\u20ac166 million), mainly for receivables from
users related to default service items. For these
receivables, the hedging mechanisms provided for in
the current regulatory framework are in place; (ii) the
storage sector (\u20ac74 million), in particular VAT invoiced
to users for the use of strategic gas unduly withdrawn
and not restored by them within the deadlines
established by the Storage Code during the 2010 and
2011 financial years. As provided for by regulations in
force, VAT variation notes may be issued at the end of
insolvency proceedings and enforcement procedures
that have remained unsuccessful.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-980": { "value": "
26.4\u00a0 Liquidity risk
Liquidity risk is the risk that, due to the inability to raise
new funds (funding liquidity risk) or to liquidate assets
on the market (asset liquidity risk), the company cannot
meet its payment obligations. This risk may have an
impact on the economic result, in the event that the
company is forced to incur additional costs to meet its
commitments, or it may result, as an extreme
consequence, in a situation of insolvency that
jeopardises the continuity of the company's business.
Snam's Risk Management objective is to put in place,
within the framework of the Strategic Plan, a regulated
financial policy that, consistent with business
objectives and the Risk Appetite Framework,
guarantees an adequate level of liquidity for the
Group, in line with the business profile and the
regulatory context in which Snam operates. Therefore,
the objective pursued is a policy that minimises the
relative opportunity cost and maintains a balance in
terms of duration and debt composition.
The financial market is characterised by a constant
growth of financing sources linked to the achievement
of certain objectives in terms of environmental
sustainability. With a view to the correct management
of liquidity risk, the diversification of funding sources,
including the use of sustainable finance instruments, is
therefore crucial to guaranteeing companies broad
access to financial markets at competitive costs, with
consequent positive effects on their financial position
and performance.
For Snam, the failure to achieve certain ESG targets
within the Group's sustainability strategy in the
medium to long term could lead to higher financing
costs or the lack of access to certain sources of
financing in the future.
The mitigation of this risk also involves Snam's extreme
attention to ESG issues, which traditionally constitute a
significant part of the company's strategy. Consistent
with this approach, Snam has made an increasing use
of sustainable finance instruments, reaching around
84% of total 'committed' sources in 2024. With the
presentation of the 2025-2029 Strategic Plan, the
target was raised to 90% of total funding, to be
achieved by 2029, compared to the previous target of
85% to be achieved by 2027.
In this regard, Snam is leveraging its Sustainable
Finance Framework, published in February 2024, for
the issue of green and sustainability-related financial
instruments, with the aim of strengthening the
Company's ongoing commitment to the energy
transition.
In particular, in 2024, Snam issued the following on the
bond market: (i) in February, a \u20ac1.5 billion sustainable
bond, in dual tranches with the first \u20ac500 million Snam
Green Bond, and a \u20ac1 billion Sustainability-Linked Bond
(SLB); (ii) in April, a 750 million euros variable-rate
bond; (iii) in September, the first perpetual
subordinated bond issue with a nominal value of \u20ac1
billion and, finally, (iv) in November, a \u00a3600 million,
\u20ac750 million dual tranche Sustainability-Linked bond
issue. During the year, Snam also finalised with major
relationship banks: (i) a revolving credit facility (RCF)
for \u20ac5 billion in KPI-linked format and (ii) bank credit
facilities (Term Loan) for \u20ac850 million, of which \u20ac750
million in KPI-linked format and \u20ac100 million
undersigned with the European Investment Bank (EIB).
Lastly, at 31 December 2024, Snam had unused
committed long-term credit lines worth approximately
\u20ac5.6 billion, of which: (i) a RCF of \u20ac5.5 billion and (ii) an
EIB loan for \u20ac100 million. At 31 December 2024, Snam
had a Euro Medium Term Notes (EMTN) programme in
place for a maximum total nominal value of \u20ac15 billion,
used for approximately \u20ac11.9 billion and a Euro
Commercial Paper Programme (ECP) for a maximum
total nominal value of \u20ac3.5 billion, drawn for \u20ac1.6
billion.
Snam's liquidity, consisting of cash and cash
equivalents and other current financial assets, refers
mainly to current accounts and bank deposits with
financial institutions with high credit ratings.
The Group's main long-term financial debts contain
covenants typical of international practice concerning,
inter alia, negative pledge and pari passu clauses.
Failure to comply with these clauses, as well as the
occurrence of other events, such as cross-default
events, may result in Snam\u2019s default and, possibly, may
cause the related loan to become due in advance,
leading to additional costs and/or liquidity problems.
Commitments do not include covenants requiring
compliance with economic and/or financial ratios.
Among the factors that define the risk perceived by the
market, creditworthiness, assigned to Snam by rating
agencies, plays a decisive role since it influences the
ability to access sources of financing and the related
economic conditions. A worsening of this
creditworthiness could, therefore, limit access to the
capital market and/or increase the cost of financing
sources, with consequent negative effects on the
Group's financial position and performance.
Snam's long-term rating is equal to: (i) Baa2 with a
stable outlook, confirmed on 16 December 2024 by
Moody's Investor Services; (ii) BBB+ with a stable
outlook, confirmed on 30 April 2024 by Standard &
Poor's Global Rating ('S&P'); (iii) BBB+ with a stable
outlook, confirmed on 10 March 2025 by Fitch Ratings
('Fitch'). Snam\u2019s long-term rating by Moody\u2019s, Fitch and
Standard & Poor\u2019s is a notch higher than that of Italian
sovereign debt. Based on the methodology adopted by
Moody's and S&P, the downgrade of one notch from
the current rating of the Republic of Italy would lead to
a corresponding reduction of Snam\u2019s current rating.
Although the Snam Group has relationships with
diversified counterparties with a high credit standing,
based on a policy of managing and continuously
monitoring their active credit risk, the default of an
active counterparty or the difficulty of selling off assets
on the market could have a negative impact on the
Snam Group's financial position and performance.
Snam has Supply Chain Finance (SCF) agreements in
place with leading banks to support its suppliers in the
efficient management of liquidity. These agreements
provide for Snam to reimburse the bank according to
the original terms and conditions of the invoices,
without issuing any guarantees or recognising any fees
to the bank. The liabilities arising from these
agreements meet the criteria for classification under
the heading 'Trade and other payables'. The
aforementioned agreements have no impact on the
Group's cash flows.
With reference to the timing of payments in respect of trade and other payables, please refer to Note 22 'Trade and
other payables' of the consolidated financial statements.
The following table shows the amounts of contractually due payments related to financial debts and liabilities for
leased assets, including interest payments, and liabilities for derivative instruments:
Contractual cash flows
(million euros)
Book value at
31.12.2023
Total
flows
2024
2025
2026
2027
2028
After
Bank loans
3,549
3,527
980
486
916
241
113
791
Debenture loans (*)
9,876
9,891
1,172
1,267
1,550
552
1,100
4,250
Euro Commercial Paper - ECP
2,679
2,681
2,681
Interest on loans
1,034
1,034
247
202
171
116
91
207
Financial payables for leased assets
43
43
9
8
6
4
3
13
Other lenders
505
502
2
500
Trade payables and other payables
6,466
6,466
6,422
43
1
TOTAL CONTRACTUAL FLOWS OF
FINANCIAL LIABILITIES
23,118
24,144
11,513
2,006
2,644
1,413
1,307
5,261
(*)
Future payments include the cash flow generated by hedging derivative contracts.
Contractual cash flows
(million euros)
Book value at
31.12.2024
Total
flows
2025
2026
2027
2028
2029
After
Bank loans
3,567
3,546
586
1,266
791
113
152
638
Debenture loans (*)
12,461
12,437
1,267
2,300
552
1,600
1,500
5,218
Euro Commercial Paper - ECP
1,570
1,585
1,585
Interest on loans
2,007
2,007
364
332
253
216
181
661
Financial payables for leased assets
59
55
10
11
2
6
5
21
Other lenders
704
701
1
500
200
Trade payables and other payables
5,992
5,992
5,990
2
TOTAL CONTRACTUAL FLOWS OF
FINANCIAL LIABILITIES
24,353
26,323
9,803
3,911
2,098
2,135
1,838
6,538
(*)
Future payments include the cash flow generated by hedging derivative contracts.
26.6\u00a0 Commodity price fluctuation risk
Due to the context in which it operates, Snam is currently exposed to a limited extent to the risk deriving from
fluctuations in raw material prices. There are still minor exposures in some business segments and essentially linked
to the price of gas. Even in a context of limited impact at consolidated level, Snam's objective in managing this risk is
aimed at protecting the value of cash flows and the related economic result from unfavourable movements in the
price risk component to which it is exposed, by negotiating derivative instruments in order to mitigate the
aforementioned risk.", "dimensions": { "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-981": { "value": "
26.5\u00a0 Exchange rate risk
In relation to the risk of exposure to exchange rate fluctuations, Snam has in place Cross Currency Swap (CCS)
derivative contracts for a notional total amount of approximately \u20ac723 million, to fully hedge the risk on a bond
denominated in British Pounds (GBP 600 million).
The remaining exposure, due to the cases currently in place, is limited to the Group with reference to settlement
risk, while there is still exposure to translation risk with some foreign subsidiaries that prepare their financial
statements in currencies other than the euro. At present, it has been decided not to adopt specific hedging policies
against these exposures. In this regard, it should be noted that the effects of exchange rate differences arising from
the translation into the presentation currency (euro) of the functional currencies of these companies are recognised
in the Statement of Comprehensive Income.
", "dimensions": { "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-982": { "value": "
26.7\u00a0 Fair value of financial instruments
Below is the classification of assets and liabilities measured at fair value in the Statement of Financial Position in
accordance with IFRS 13, according to the fair value hierarchy defined according to the significance of the inputs
used in the valuation process. In particular, depending on the characteristics of the inputs used for valuation, the
fair value hierarchy has the following levels:
a. Level 1: quoted prices (unmodified) in active markets for identical assets or liabilities that the entity can access
at the measurement date;
b. Level 2: inputs other than quoted market prices included within Level 1 that are observable for the asset or
liability, either directly (such as prices) or indirectly (derived from prices);
c. Level 3: inputs are unobservable inputs.
In connection with the above, assets and liabilities measured at fair value at December 31, 2024 are classified as
follows:
\u00a0
Notes
Fair Value
Fair Value
(million euros)
Balance at
31.12.2023
Level 1
Level 2
Level 3
Balance at
31.12.2024
Level 1
Level 2
Level 3
Minority investments
accounted for at FVTOCI
(11)
50
9
41
25
6
19
Contingent consideration (earn-
out) (a)
282
282
249
249
Securities and fund units
(11)
7
7
12
12
Assets for the fair value of cash
flow hedge derivative (CFH)
contracts
(13)
4
4
- rates
3
3
- commodities
1
1
Liabilities for the fair value of
non-hedging derivative
contracts
(21)
(14)
(14)
(24)
(24)
Liabilities for the fair value of
cash flow hedge derivatives
(CFH) contracts
(21)
(24)
(24)
(a)
This item is classified in Note 22 'Trade and Other Payables - Investment Payables'.
Minority shareholdings measured at FVTOCI (\u20ac25 million) mainly refer to the companies Storegga Limited, classified
as level 3, and ITM Power, classified as level 1.
Contingent considerations (\u20ac 249 million), classified as Level 3, refer to the estimated earn-outs contractually
agreed upon in the context of transactions to acquire equity investments. The reduction is mainly attributable to
the payment of the tranche relating to 2024.
Securities and fund units (\u20ac 12 million), classified as level 2, relate to units in the Clean H2 Infra Fund (HY24) and
CDP Corporate Partners I - Energy Tech Fund.
Financial derivative assets for hedging purposes (\u20ac 24 million), classified as level 2, refer to derivative contracts used
to hedge the risk of fluctuations in interest rates and exchange rates.
Financial derivative liabilities for non-hedging purposes (\u20ac 24 million), classified as level 2, refer to the optional
component embedded in the debenture loan convertible into Italgas S.p.A. ordinary shares.
During 2024, there were no transfers between the different levels of the fair value hierarchy.
The fair value of level 2 hierarchy classified instruments, were determined on the basis of valuation models
commonly used in the financial sector and on market parameters at the end of the period.
26.8\u00a0 Financial assets and financial liabilities not measured at fair value
The table below shows, for each class of assets and liabilities not measured at fair value in the Statement of
Financial Position, but for which fair value must be disclosed, the fair value at the end of the period in which the
valuation was made 186:
(million euros)
Balance at
31.12.2023
Fair value at
31.12.2023
Level 1
Level 2
Level
3
Balance at
31.12.2024
Fair value
at
31.12.2024
Level 1
Level
2
Level
3
Non-current
financial
receivables (a)
82
83
83
87
89
89
Debenture
loans (b)
(9,769)
(8,977)
(8,977)
(11,706)
(11,147)
(11,147)
- fixed rate
(9,769)
(8,977)
(8,977)
(11,706)
(11,147)
(11,147)
Bank loans (b)
(1,326)
(1,251)
(1,251)
(675)
(640)
(640)
- fixed rate
(1,326)
(1,251)
(1,251)
(675)
(640)
(640)
(a)
\u00a0For further details, please refer to Note 11 'Other current and non-current financial assets'.
(b)
\u00a0For further details, see Note 17 'Current and non-current financial liabilities'.
26.9\u00a0 Other information on financial instruments
The value at which financial instruments are recognised and their economic and equity effects are analysed as
follows:
Notes
Income (expenses)
recognised in
Income (expenses)
recognised in
(million euros)
Balance at
31.12.2023
Profit and
loss
account
Other
components
of
comprehens
ive income
Balance at
31.12.2024
Profit and
loss
account
Other
components
of
comprehens
ive income
Trade and other receivables at
amortised cost
(15)
4,505
(61)
3,483
69
Ecobonus/Sismabonus credits at
amortised cost
(13)
345
13
1,159
52
Financial receivables measured at
amortised cost (a)
(11)
102
8
111
6
Minority investments accounted
for at FVTOCI
(11)
50
5
(3)
25
31
Hedging derivatives measured at
fair value (b)
(13)
4
10
(24)
(20)
Non-hedging derivatives
measured at fair value (a)
(21)
(14)
2
(24)
(10)
Current and non-current financial
liabilities measured at amortised
cost (a)
(17)
(16,652)
(295)
(18,361)
(489)
Trade and other payables at
amortised cost
(22)
(6,466)
(17)
(5,992)
(8)
(a)
The economic effects were recognised under 'Net financial expenses'.
(b)
The effects on the income statement relate to the ineffective portion, if any. The differentials related to the hedging portion were
recognised to net the economic effects of the related hedged instrument.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-983": { "value": "
27)\u00a0 CRIMINAL AND TAX LITIGATION AND PROCEEDINGS WITH THE
REGULATORY AUTHORITY ARERA
Snam is a party in civil, administrative and criminal proceedings and in legal actions related to the normal course of
its business. On the basis of the information currently available, taking into account the funds allocated and noting
that in some cases it is not possible to make a reliable estimate of the possible burden, Snam believes that these
proceedings and actions will not result in significant negative effects.
Below is a summary of the most significant proceedings and/or events with an impact on the Group's litigation.
At 31 December 2024, risks for damages and disputes relating to litigation in progress, but where the risk of losing
the case is not considered probable, amounted to \u20ac10 million.
27.1\u00a0 Criminal litigation
Renovit Business Solution S.r.l. (formerly TEP Energy Solution S.r.l.) - Criminal proceedings pursuant to
Italian Legislative Decree 231 of 2001
The former CEO and an employee of the subsidiary TEP Energy Solution S.r.l. (now Renovit Business Solution;
hereinafter, TEP, as indicated in the investigation file), pursuant to Italian Legislative Decree 231/2001, are involved
in criminal proceedings, pending before the Public Prosecutor's Office at the Court of Rome, originating from
investigations concerning legal concessions obtained for building activities (so-called Superbonus tax relief and
other minor tax relief bonuses) at a number of construction sites. The administrative offences referred to in articles
24, 25 quinquiesdecies, paragraph 1, letter d), and 26 of Legislative Decree 231/2001 are contested against the
company TEP in relation to the crimes charged to the natural persons involved, which include (i) complicity in:
attempted aggravated fraud to obtain public funding; attempt at undue compensation; ideological falsehood by a
private individual; and ideological falsehood by a public official; and (ii) the issuing of invoices for non-existent
transactions. In the course of the preliminary investigation, the preventive seizure of receivables included in invoices
issued by TEP to an apartment building was ordered. On 24 June 2024, the notice of the conclusion of the
preliminary investigation was served pursuant to Article 415bis of the Code of Criminal Procedure. The preliminary
hearing was set for 9 July 2025 at the Court of Rome.
27.1.1\u00a0 Other criminal litigation
The Group's companies, with particular reference to those active in regulated business, are also involved in several
ongoing criminal proceedings, in which they are the plaintiff in relation to various alleged crimes, such as:
aggravated theft, damage, fraud, receiving stolen goods, money laundering and criminal conspiracy. Among these,
we recall the judgment currently pending before the Court of Appeal of Milan against Transport Users who in 2012
accrued a significant debt exposure towards Snam Rete Gas, as Balancing Manager, mainly attributable to
illegitimate conduct of fraud and money laundering (so-called \u2018gas cheats\u2019). In this proceeding, Snam Rete Gas
joined the proceedings as a civil party against the defendants.
In the context of the Group's operations, some Group employees may be involved in criminal proceedings aimed at
determining their possible personal liability, for example in the event of accidents at work, damage or
environmental crimes. Currently, two criminal proceedings of this type are pending before the Court of Trani and
the Court of Enna. Group companies are not involved in these proceedings under Italian Legislative Decree
231/2001.
27.2\u00a0 Administrative proceeding
27.2.1\u00a0 Regulatory administrative proceeding
Default transportation service
Following the proceedings already started in 2022 and
concluded in 2023, on 28 October 2023 Acciaierie
d'Italia S.p.A. filed a new appeal before the Lombardy-
Milan Regional Administrative Court (Record no.
2075/2023) in which it requested the annulment,
subject to suspension of the effectiveness with the
adoption of single- and joint-body precautionary
measures: (i) ARERA resolution no. 393/t2023/R/gas of
7 September 2023, concerning \u2018Urgent provisions
regarding the transportation default service provided
to Acciaierie d'Italia S.p.A.\u2019, which only partially upheld
(until 30 September 2023) the request for a waiver of
the sixty-day period provided for in resolution
249/2012/R/gas for the provision of the Transportation
Default Service, submitted by Acciaierie d'Italia on 2
August 2023 with a request to extend the service until
at least 31 December 2023, and (ii) the communication
of Snam Rete Gas S.p.A. dated 19 October 2023, in
which Acciaierie d'Italia was notified of the scheduling
of the disk application procedures at the redelivery
points for 8 November 2023. By precautionary decree
of the President of the Regional Administrative Court
of Lombardy-Milan No. 994 of 30 October 2023, the
court, having considered the periculum in mora
appreciable in relation to the date set for the
termination of the redelivery points and the need to
further investigate the fumus boni iuris , accepted the
request for precautionary measures and set the council
chamber for 8 November 2023. With precautionary-
investigative order 1023 of 10 November 2023, the
Regional Administrative Court of Lombardy-Milan
accepted the precautionary request and set another
council chamber for 10 January 2024. With order No.
24 of 15 January 2024, the aforesaid Regional
Administrative Court rejected the precautionary
request and set the hearing on the merits for 16
October 2024.
In the meantime, on 18 January 2024 Acciaierie d'Italia
filed a precautionary appeal for the reform of the
aforementioned order and set the council chamber for
13 February 2024. With order No. 532 of 15 February
2024, the Council of State accepted the precautionary
appeal of Acciaierie d'Italia and suspended the
Regional Administrative Court order No. 24 of 15
January 2024.
As mentioned above, on 16 October 2024, the hearing
on the merits was held before the Lombardy-Milan
Regional Administrative Court (TAR) and, pending the
request for postponement submitted by Acciaierie
d'Italia, the Court ordered the new hearing be set for
the end of April 2025.
Measure
On 24 November 2023, Assogasmetano, Assopetroli-
Assoenergia, Federmetano (representing companies
operating in the automotive segment) filed an appeal
before the Regional Administrative Court of Lombardy-
Milan (G.R. No. 2337/2023), against ARERA and against
Snam Rete Gas and Societ\u00e0 Gasdotti Italia for the
annulment, subject to precautionary suspension of
\u2018resolution 433/2023/R/gas of 28 September 2023
entitled Approval of the proposed updates to the
Network Code of Snam Rete Gas S.p.A. and Societ\u00e0
Gasdotti Italia S.p.A. and amendments to the RMTG\u2019 as
well as for the annulment of all further related
measures including Resolution 512/2021/R/Gas, which
provided for the regulation of the reorganisation of
the metering service on the gas transportation
network. In particular, the applicants have contested:
(i) the application of certain fees associated with non-
compliance with minimum functional requirements laid
down in the regulation, the fulfilment of which,
according to the applicants, is impossible de facto; as
well as (ii) the obligation (sanctioned by the closure of
the redelivery point) to sign the so-called metering
agreement that would commit them to comply with
the aforementioned requirements. At the outcome of
the council chambers of 6 December 2023, the
Regional Administrative Court of Lombardy-Milan, with
order No. 1136 of 11 December 2023, rejected the
interim application for relief of the trade associations,
deeming the periculum in mora to be non-existent, also
anticipating some considerations on the fumus bonis
iuris, on the basis of the elements acquired on a
precautionary basis. The Regional Administrative Court
of Milan has, in fact, pointed out: (i) a possible lack of
uniformity of the interests of the individual members
from which the claimants would derive a lack of legal
powers; and (ii) a possible lateness of the appeal, given
that resolution No. 433/2023/R/gas amended only
certain aspects of Resolution No. 512/2021/R/gas,
whereas the appellants' objections appear to have a
more general scope.
In the meantime, with an appeal filed on 29 December
2023, Assogasmetano, Assopetroli-Assoenergia,
Federmetano lodged a precautionary appeal before
the Council of State for the reform of order No. 1136
of 11 December 2023. The precautionary appeal was
registered under G.R. 10143/2023 and the council
chambers was set for 23 January 2024. In its order No.
245 of 24 January 2024, the Council of State rejected
the precautionary appeal, finding that the periculum in
mora was non-existent and the objections on the
lateness of the appeal in relation to resolution
512/2021/R/gas were not justified. We are still waiting
for the date of the hearing to discuss the merits.
Odorisation
With resolution 250/2015/R/gas of 1 June 2015,
ARERA amended Article 5 of resolution 602/2013/R/
gas concerning the obligation for transportation
companies to odorise end customers directly
connected to the transportation network who use the
redelivered gas not merely in a technological way.
Snam Rete Gas challenged the aforementioned
resolution before the Regional Administrative Court of
Lombardy-Milan (G.R. No. 497/2020), believing that the
deadline for implementing the plan could only be
determined following the census of the affected
redelivery points (to be carried out by 31 July 2015)
and the transmission to ARERA (by 30 November 2015)
of the adaptation plan, to be updated every six
months. Having completed the census, during the
transmission of the adjustment plan and subsequent
updates, Snam Rete Gas once again referred to ARERA
the unreasonableness of the aforementioned deadline,
which instead the latter decided to confirm with
resolution 484/2016/E/gas. Consequently, Snam Rete
Gas, as part of the appeal with which it had challenged
resolution 250/2015/R/gas, filed an appeal for
additional grounds against Resolution 484/2016/E/gas
requesting the suspension of the challenged
resolutions. The Regional Administrative Court of
Lombardy-Milan, with ruling No. 869 of 17 April 2019,
upheld the appeal filed by Snam Rete Gas, declaring
the unlawfulness of the deadline set by ARERA as
manifestly unreasonable insofar as it did not take into
account the complexity of the activities to be carried
out by the transporter and the need for the
cooperation of the end customers on whom the onus
was, to ensure the use of gas in safe conditions for the
workers concerned.
It should be noted that, by Ministerial Decree of 18
May 2018, the Ministry for Economic Development set
the onus on end customers directly connected to the
natural gas transportation network to ensure the use
of gas in safe conditions where they use, partially, gas
for domestic or similar uses, even if combined with
technological uses. As a result of the activities
functional to the implementation of the Decree, end
customers have certified that they guarantee the safe
use of gas in accordance with the Decree.
Within the framework of the Consultation Document
(DCO 203/2019/R/Gas) preparatory to the revision of
the regulation on the quality of the transmission
service, ARERA expressed its intention: (i) to confirm
the regulatory framework set forth in the
aforementioned Resolution 250/2015/R/Gas without
providing a deadline by which to implement the plan,
and (ii) to promote a regulatory amendment aimed at
coordinating the regulation with the aforementioned
Ministerial Decree. Following up on what had been
anticipated in the DCO, with resolution 554/2019/R/
gas, the Authority confirmed the previous regulatory
regime (i.e. obligation to odorise gas of the
transporter), thus once again proposing coordination
with the obligations imposed by the aforementioned
Decree. Therefore, pending a possible regulatory
change, Snam Rete Gas has challenged resolution
554/2019/R/gas, again before the Regional
Administrative Court of Lombardy-Milan, with a second
appeal for additional reasons. The contested
regulatory framework was further confirmed in
resolution No. 589/2023/R/gas of 12 December 2023,
with which, as a result of the consultation process set
forth in DCO No. 451/2023/R/Gas, ARERA adopted the
regulatory criteria for the quality of the natural gas
transportation service for the sixth regulatory period
(2024-2027). Snam Rete Gas has also challenged this
further and more recent ARERA Resolution with a third
appeal for additional reasons. We are still waiting for
the hearing date to be set.
It should be noted that, on the subject of odorisation,
ARERA sent the Ministry of the Environment and
Energy Security a proposal for regulatory changes that
would assign, in short, on the one hand, the
responsibility for odorisation (or alternative methods)
as envisaged by law to the end customer who uses
natural gas, which is even technological in part, or
where the customer carries out industrial or artisanal
activities and, on the other hand, assign responsibility
to the transporter for the other points or in the event
of a request by the end customer. The outcome of this
debate for a future regulatory change will
consequently have an impact on the pending litigation.
27.2.2\u00a0 Operational administrative proceeding
Decarbonisation project of the Region of Sardinia \u2013
Appeal of the Region of Sardinia
In relation to the decarbonisation project of the Region
of Sardinia, the latter filed an appeal for the annulment
of the Prime Ministerial Decree of 29 March 2022 and
of ARERA resolution No. 279/2022/R/Com concerning
the initiation of proceedings for the implementation of
this Decree, brought against ARERA as well as Snam
S.p.A.. The proceeding started on 27 July 2022 by the
Region of Sardinia before the Lazio-Rome Regional
Administrative Court (Record no. 12149/2022), which,
following the hearing on 14 September 2022,
dismissed the Region of Sardinia's appeal in its entirety
with sentence No. 12149 of 26 September 2022.
On 26 October 2022, the Region of Sardinia filed
before the Council of State an appeal, Record No.
8145/2022, requesting the annulment and/or the
reform, subject to suspension, of the aforementioned
ruling No. 12149. The Council of State, in order No.
5322/2022, granted the petition, finding that the
precautionary requirements were favourable and could
be adequately protected by the prompt settlement of
the case on the merits, thus setting the hearing for 23
February 2023. In the meantime, the Municipality of
Portoscuso filed its own action ad adiuvandum
supporting the Region's arguments. At the beginning
of February 2023, the Region of Sardinia, in agreement
with the State Authorities referred to in the lawsuit,
notified the Council of State that a renewed process of
joint dialogue had been initiated between all the public
entities in various capacities involved in the
proceedings connected with the adoption and
execution of the contested measures. Due to the
addition of the constituted parties to the Region's
motion for postponement, the hearing was postponed
to 16 November 2023. At that hearing, the Council of
State, noting the further request for adjournment due
to pending institutional negotiations, ordered the
adjournment to a date to be determined. Following the
application to bring forward the case filed by the
Municipality of Portoscuso (urging the Council of State
to set a hearing to discuss the merits), the Council of
State, noting the proceedings, set the public hearing
for 21 November 2024. At that hearing, the Region of
Sardinia and the Ministry filed for a joint adjournment
following the resumption of negotiations. The Council
of State, taking note of the application and its
circumstances, granted the postponement to 13 March
2025. At the outcome of that hearing, the Attorney
General, while acknowledging the ongoing
negotiations with the Region of Sardinia, objected to a
further postponement and requested that judgement
be passed on the case. We therefore await the
publication of the judgment.
Adriatic Line Project \u2013 Appeal of the Municipality
of Sulmona
In relation to the Linea Adriatica project already
mentioned in this financial report, one proceeding
brought by the Municipality of Sulmona is pending.
The case, brought at the beginning of October 2023
and pending before the Regional Administrative Court
of Abruzzo-L'Aquila (G.R. No. 307/2023), concerns the
Sulmona gas compression plant and specifically the
request for annulment of the ruling of
acknowledgement of compliance with prescriptions
No. A.12, A.16, A.19 and A.20 of the DM VIA No.
70/2011, issued by the Regional Coordination
Committee for the Environmental Impact Assessment
of the Abruzzo Region on 13 July 2023, No. 3968. No
precautionary measure was requested, but instead an
investigative request made, requesting the filing of the
documents relating to the extension of the single
authorisation. The action was not brought before the
Regional Administrative Court of Lazio-Rome, as was
the case for the previous (concluded and pending)
rulings, and therefore a plea of lack of territorial
jurisdiction was raised. The date of the hearing on the
merits still has to be set.
FSRU project - Appeal by the Municipality of
Savona
In relation to the FSRU project discussed on pages 26
and following of the 2023 Annual Financial Report, two
appeals are pending.
With an appeal filed by the Municipality of Savona
regarding the project to relocate the Piombino FSRU to
the territory of Vado Ligure, the Municipality
requested the annulment of the provision of 3 October
2023 containing the suspension of the Single
Authorisation procedure to allow Snam FSRU Italia to
submit the amendments. The appeal was filed before
the Regional Administrative Court of Liguria-Genoa
(G.R. No. 795/2023), which, following the objection of
lack of jurisdiction raised by Snam FSRU Italia, with
order No. 187 of 12 March 2024 declared itself
incompetent in favour of the Regional Administrative
Court of Lazio-Rome. The Municipality of Savona
therefore took steps to resume the proceedings
before the competent Regional Administrative Court
(Record no. 3394/2024) and Snam FSRU Italia promptly
filed an appearance. The Lazio-Rome Regional
Administrative Court set the hearing for the discussion
of the merits of the proceedings brought by the
Municipality of Savona for 2 April 2025. Therefore, the
time limits, as a result of being halved, pursuant to
Article 119 of the Code of Civil Procedure, would
expire as follows: (i) documents, 12 March 2025; (ii)
briefs, 17 March 2025; (iii) rejoinders, 22 March 2025.
With an appeal filed at the end of October 2024, Snam
FSRU Italia applied to the Lazio-Rome Regional
Administrative Court to annul the warning notice of 22
August 2024 issued by MASE, following a report by
ISPRA, for exceeding the emission limits concerning
the FSRU at Piombino: (i) for sea water discharges and
the parameters Aluminium and Copper (in any case
these would be the heavy metals previously existing on
the sea bed); (ii) for the continuously monitored value
of the water temperature variation equal to -7\u00b0 C on 2
July 2024, he value reported the day after the
exceedance; (iii) NOX during the restart of engine
number 3 after the installation of the formaldehyde
catalyst, and finally (iv) for non-compliance with waste
management requirements. Snam FSRU Italia complied
with the requests, submitting its feedback on 18
September 2024. At the same time, considering the
possible administrative sanctions indicated in the
notice, pursuant to Article 29-quaterdecies of Italian
Legislative Decree 152/2006, Snam FSRU Italia sent the
Prefect of Livorno (within the term of 30 days from
notification of the notice) the observations/defence
briefs pursuant to Articles 17 and 18 of Law 689/1981
on administrative sanctions. On 4 October 2024, ISPRA
sent its reply not accepting Snam's arguments for
points (i), (ii) and (iii) above. We are waiting for the
hearing to be set to discuss the merits, specifying that,
in relation to this position, the outcomes of the
preliminary investigation proceedings underway on the
warning and those of the proceedings for the
substantial amendment of the Integrated
Environmental Authorisation for the FSRU of Piombino
will be relevant, where various aspects are submitted
to the competent authority for examination, including,
among others, those referring to the warning.
Panigaglia regasification plant \u2013 Appeal against
noise regulations
With reference to the regasification plant located in
Panigaglia, which is fully described on page 26 and
following of the 2023 Annual Financial Report, GNL
Italia S.p.A. has filed an appeal against the Province of
La Spezia and the Municipality of Porto Venere for the
annulment of the provisions contained in the
Integrated Environmental Authorisation for the
Panigaglia plant, which require compliance with limit
values that are not in line with current noise
regulations (TAR Lazio-Rome Regional Administrative
Court, Record 12796/2023). The contested measures
contain requirements and forecasts regarding noise
emissions detrimental to the company and the
operation of the regasification plant. A hearing is
currently being scheduled to discuss the merits of the
case, while discussions with the entities and
developments on the preliminary investigation plan
continue, including at the services conference. With
reference to these procedural aspects, in a GNL Italia
memorandum issued on 17 June 2024 by the Province
of La Spezia, a request was made to call a conference
of services in order to amend the Integrated
Environmental Authorisation, with specific reference to
noise, as follows 1) to exclude the ship's acoustic
contribution from the plant's noise assessments and 2)
to revise the currently envisaged emission limits to be
consistent with the national limits pursuant to Law
447/1995 and the Prime Ministerial Decree of 1.3.1991,
as well as the Prime Ministerial Decree of 14.11.1997.
The services conference was set for 5 July 2024, which
resulted in the Province's instruction to GNL Italia to
submit an application for a substantial amendment to
the Integrated Environmental Authorisation, submitted
by the Company at the beginning of August 2024. GNL
Italia, having learnt that the new acoustic assessments
of the Municipality of Portovenere were still being
finalised, also requested the Province, in a note dated 5
August 2024, to postpone the deadline for the
adjustment of the noise limits to 30 September 2024.
The Province, in a communication dated 9 August
2024, responded to the above series of requests by
initiating new proceedings, which are still ongoing.
With a subsequent determination of 26 August 2024,
the Province of La Spezia accepted GNL Italia's request
to postpone the deadline for compliance with the
requirement relating to \u2018Noise\u2019, contained in the
Integrated Environmental Authorisation, setting it at
30 September 2025 (instead of 30 September 2024).
At the end of October 2024 the second appeal was
served against the Province's notice of initiation of the
proceeding of 9 August 2024 for the substantial
amendment of the Integrated Environmental
Authorisation and the same determination of 26
August 2024, which reiterates the requirement to
comply with the noise limits set forth in the zoning
plan of the Municipality of Portovenere, albeit within a
longer deadline, pursuant to Article 29-sexies,
paragraph 3 bis of Legislative Decree 152/2006 and
\u2018regardless of the other independently applicable
regulatory provisions\u2019.
27.2.3\u00a0 Other administrative proceeding
Group companies are also involved in active
administrative disputes in the regulatory field,
including disputes on tariff determination criteria, in
which Snam Rete Gas is the interested party.
The Group's companies are also involved in active
administrative disputes in the operations area,
including: (i) disputes relating to procurement,
concerning requests for cancellation of provisions for
the revocation or suspension of qualifications or from
the Snam Group Vendor List or of award provisions; (ii)
disputes in the biomethane segment, concerning
requests for cancellation of authorisations for the
construction and operation of biomethane plants.
27.3\u00a0 Civil proceedings
27.3.1\u00a0 Commercial proceedings and debt
recovery
Civil litigation relating to Snam's regulated businesses
(transportation, storage and regasification) concerns
the management of commercial operations, the
approval of contracts relating to transport services,
requests for connection to the network, storage and
regasification services, gas quality and all other
regulated services. These are mainly ongoing
proceedings against insolvent, bankrupt or otherwise
insolvency clients, with whom disputes have arisen that
could not be resolved on a commercial level.
Most of these judgments derive from actions
undertaken by Snam Rete Gas to recover receivables
deriving from balancing, transportation and default
transportation services, provided by the same in
consideration of the role of Balancing Manager
recognised by ARERA as the largest transportation
company throughout the country. The large-scale
provision of such services by Snam Rete Gas to
customers left without a gas supplier, to which Snam
Rete Gas is required by law and in particular by ARERA
Resolution 249/2012/R/Gas and subsequent
amendments, has led to a significant increase in debt
collection actions due to default. This increase has
been particularly significant in recent years following
the energy crisis caused by the Russian-Ukrainian
conflict, which led to a significant increase in the cost
of gas and, as a result, the termination of many
contracts with transportation users (shippers).
With respect to this type of litigation, the following
proceedings against the Group are reported.
Opposition by Romagas S.r.l. against an injunction
obtained by Snam Rete Gas for receivables from
transportation default
With this action, Romagas also asked the Court of
Milan to order Snam Rete Gas to pay over \u20ac4.1 million
for the alleged illegitimate termination of the
transportation contract, in addition to approximately
\u20ac1 million for the return of the security deposit and
default interest. In the context of this judgement,
Snam Rete Gas intends demonstrating: (i) the
legitimacy of the termination of the transportation
contract, deriving from the serious debt exposure of
the plaintiff, not adequately covered by the guarantees
required by the current regulatory framework, and (ii)
that following such contractual termination the default
transportation service was effectively provided to the
plaintiff. With the briefs pursuant to Article 183 VI, the
Parties formulated their preliminary applications and
the Judge, in order to rule on the case, decided to
order only those applications requested by Snam Rete
Gas, i.e. the court-appointed expert\u2019s report and the
order for the Sole Buyer to produce evidence. At
present, the expert\u2019s report is in progress.
As regards proceedings brought by the Group, the
following is reported.
Debt collection from so-called \u2018gas cheats\u2019
Snam Rete Gas, in its capacity as Balancing Manager, is
required to procure the quantities of gas necessary to
balance the system. In exchange for the provision of
this service to balance the position of some
transportation and storage users (who had registered
imbalances since 2012), Snam Rete Gas has accrued
receivables for over \u20ac500 million. In view of the non-
payment by the debtors, Snam Rete Gas has been
forced to take legal action to recover the receivables.
In the meantime, many users have gone bankrupt and
therefore Snam Rete Gas has added itself to the
bankruptcy procedures currently underway.
Opposition to the statement of liabilities of
Acciaierie di Italia in Extraordinary Administration
(EA)
In May 2024, Snam Rete Gas, as manager of the
national natural gas transportation and dispatching
service provided to Acciaierie d'Italia under the default
transportation service regime, submitted to the
Extraordinary Administration procedure the appeal
pursuant to Article 201 of the CCII (Business Crisis
Code) for the admission to the statement of liabilities
of Acciaierie d'Italia S.p.A. in EA, whose insolvency was
declared by the Court of Milan with ruling No.
122/2024, filed on 20 February 2024. In the appeal,
Snam Rete Gas requested to be added as a creditor for
pre-deductible debts for the total sum of
approximately \u20ac400.5 million, of which: (i)
approximately \u20ac375.2 million relating to capital (for
approximately \u20ac348.9 million) and invoiced interests
(for approximately \u20ac26.4 million) for the service
provided as of 20 February 2024; and (ii) approximately
\u20ac25.3 million relating to capital (for approximately
\u20ac25.2 million) and invoiced interests (for approximately
\u20ac43.2 thousand) for the service provided during the
Extraordinary Administration.
Following the hearing of 19 June 2024, the statement
of liabilities of Acciaierie d'Italia S.p.A. in EA. was filed in
which the delegated Judge recognised the full
admission of the receivable of Snam Rete Gas
according to the following method:
\u2022 amount of approximately \u20ac25.3 million for capital
and default interest, accrued for the service
provided during the procedure, as a pre-deductible
debt;
\u2022 amount of \u20ac375.2 million for capital and default
interest, already expired at the date of opening of
the procedure, as an unsecured non-pre-deductible
debt.
The pre-deductible nature of the receivable arising
during extraordinary administration was therefore
recognised, while the receivable arising before the
procedure, although also recognising default
interest, was not recognised as pre-deductible as
the legal requirements were not deemed to exist.
Limited to this last ruling, Snam Rete Gas proceeded
to file an objection to the liabilities of Acciaierie
d'Italia S.p.A. in EA to obtain the admission to the
pre-deductible liabilities also of all the receivables
that arose before the initiation of the procedure,
equal to approximately \u20ac375.2 million in total for
the service provided as of 20 February 2024, given
the peculiarity of the receivable, originating from a
service recognised as essential to guarantee
business continuity and provided on the basis of a
regulatory obligation. The case is ongoing.
27.3.2\u00a0 Operational civil proceedings
Civil litigation in the operations sector includes
proceedings: (i) brought following actions to protect
gas pipeline easements; (ii) for damages; of recourse to
recover additional costs and/or charges incurred due to
non-compliance by the other party; (iii) of objections to
the estimate of compensation; (iv) of opposition to
assessment notices for the payment of non-recognition
fees and regional fees.
With regard to passive proceedings, the following is
relevant:
Litigation against motorway operators
Generally, these are judgments originating from
actions for compensation for the expenses incurred by
Snam Rete Gas for the removal of interference relating
to gas pipelines already installed in areas affected by
motorway extension works ordered by the operator.
With regard to this type of judgement, a jurisprudence
has been established which is unfavourable to Snam
Rete Gas and which is based on a restrictive
interpretation of the applicable rules.
Actions for damages caused by the laying
and maintenance of gas pipelines
These are often old judgments, and the antiquity of
the case makes it difficult to find useful documentation
to prove the correctness of the activities carried out by
Snam Rete Gas, with unfavourable results.
In all cases where it is considered probable that the
outcome of the dispute will entail costs, an allocation
has been made to the specific fund for risks and costs.
As regards active proceedings, in recent years there
has been a considerable increase in actions to protect
gas pipeline easements, resulting from the increase in
reports of interference carried out by private
individuals following the intensification of controls
carried out throughout the national territory, in
particular through aerial overflights and the use of
drones. Such actions are taken by Snam Rete Gas in all
cases in which the competent districts find a
contractual or regulatory violation of the pipeline
easement following the construction of works within
the buffer zone. The results of the actions often lead
Snam Rete Gas to take care of the removal of the
works at its own expense, in the face of non-
compliance by private individuals, with the consequent
need to once again resort to legal action for
compensation to recover the costs incurred.
Even on the opposition front to the estimate of the
compensations, there has been a significant increase in
the actions promoted by Snam Rete Gas to request the
redetermination of the compensations established by
the so-called Terne Tecniche, the number and amount
of which have increased significantly over time.
27.3.3\u00a0 Other civil proceedings
The Group's companies are also involved in other types
of civil litigation, including judgments regarding: (i)
procurement; (ii) occupational accidents; (iii) failure to
comply with contractual obligations; (iv) unjust
enrichment. Also for these judgments, in all cases in
which it is considered probable that the outcome will
entail charges, an allocation has been made to the
specific fund for risks and charges.
In this context, the following passive disputes relating
to the energy efficiency and biomethane businesses
are relevant:
Renovit Business Solution S.r.l. (formerly TEP
Energy Solution S.r.l.)
Svevi S.r.l., brought an action against TEP Energy
Solution S.r.l. (now Renovit Business Solution;
hereinafter only TEP, as indicated in the investigation
file) before the Court of Milan (G.R.N. 38315/2023) to
request the judicial ascertainment of alleged breaches
by TEP with respect to a professional consultancy
contract entered into with the same Svevi starting
from 2016 and, consequently, the judicial conviction of
TEP to pay in its favour a total sum of approximately
\u20ac7.7 million plus interest. Svevi based its claims on the
alleged qualification of the consultancy contract as
\u2018joint interest\u2019, which TEP disputes. The Judge,
considering the documentation submitted in the case
file sufficient, rejected all the investigative requests
formulated by the opposing party, postponing the case
to the hearing for the clarification of the conclusions in
June 2025.
Bascap\u00e9 against Bioenerys Agri
In November 2022, Bascap\u00e9 brought proceedings
against Bioenerys Agri before the Court of Milan
(G.R.N. 46269/2022) in relation to the execution of a
procurement contract signed in 2021 between the
parties for the construction of a plant for the
production of biomethane using FORSU. The judgment
originates from the suspension of the construction site
by Bioenergys Agri (contractor) in February 2022 due
to disagreements with Bascap\u00e8 (contracting authority)
regarding the implementation of the project in
consideration of the change in the reference
regulatory framework and the economic context, both
with regard to the increase in the cost of raw materials
and the change in the FORSU market. Following this
suspension, Bascap\u00e9 sued Bioenerys Agri, requesting
the termination of the procurement contract by
operation of law due to the latter's breach, with a
request for the return of \u20ac470 thousand paid by
Bascap\u00e9 in execution of the contract and for damages
of approximately \u20ac21.5 million for the failure to enter
into operation of the plant. Bioenerys Agri intends to
demonstrate the lack of conditions for the termination
of the contract by law, the incorrect determination of
the amount of compensation and the violation of the
duty of good faith by the plaintiff in consideration of
the failure to renegotiate the economic conditions and
the guarantees requested in light of the subsequent
changes to the contract. Bioenerys Agri also filed a
counterclaim with reference to the damage suffered in
the execution of the related contract.
Following the hearing for the discussion of the
preliminary enquiries, the Judge decided not to admit
the Court-appointed expert's report requested by the
opposing party for the quantification of the damages
suffered, considering it unnecessary for the decision of
the case, and therefore set a hearing for he
clarification of the conclusions, after which written
conclusions were filed. At this stage, the Judge
reserved to rule on the case.
27.4\u00a0 Tax disputes
Stogit S.p.A. \u2013 Hyper-amortization
Starting in 2018, Stogit benefited from the so-called
hyper-amortization on investments made in some
compressor stations within the Bordolano concession.
Initially, the Revenue Agency (Circular No. 4/E of 2017)
had clarified that the legal/formal criteria relating to
the general accrual rules provided for in Article 109(1)
and (2) of the Consolidated Law on Income Taxes were
relevant for the purpose of identifying the time when
investments are made.
More recently, the Inland Revenue has provided new
elements, giving relevance to the moment when the
transfer of ownership took place.
In light of the above, the company is checking whether
the new clarifications contained therein could have any
repercussions with regard to the hyper-amortization
allowance for plants.
Snam S.p.A. - Questionnaire Q00017/2020 on VAT
On 13 February 2020, the Italian Revenue Agency
served Snam (hereinafter the \u2018Company\u2019) with a VAT
questionnaire requesting the reasons for the voluntary
correction of tax errors made in 2016 with reference to
the years 2012, 2013, 2014 and 2015. In particular, in
2016, the Company submitted supplementary tax
returns relating to the years 2012 to 2014 to
acknowledge the performance - as from 2012 - of a
new activity of granting loans and that in relation to
this activity the Company intended to use the optional
separation of activities pursuant to Article 36,
paragraph 3, of Presidential Decree no. 633/1972 for
VAT purposes. On the other hand, as far as 2015 is
concerned, the relevant annual tax return was
submitted within the ordinary time limits and the
voluntary correction of errors was applied (related to
the keeping of separate accounts) that had affected
the correct monthly payments.
Following a preliminary enquiry, on 21 December 2020,
the Revenue Agency served a notice requesting the
Company to appear for a cross-examination concerning
the years 2012-2013-2014-2015, to better verify
whether it had actually behaved 'ex ante' in this regard.
In order to avoid long and complex litigation, the
Company settled the agreed amounts on 25 March
2021 and 30 November 2022, following acceptance of
the assessment.
Discussions are underway with the Cooperative
Compliance Office and the Large Taxpayers Office of
the Revenue Agency with regard to the years not
defined in the settlement.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-984": { "value": "
28)\u00a0 OPERATING REVENUES AND INCOME
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0
(million euros)
2023
2024
Revenues
4,244
3,548
Other operating income
44
20
TOTAL OPERATING REVENUES AND INCOME
4,288
3,568
The group's revenues and other operating income are mainly generated in Italy. An analysis of revenue by business
segment is provided in Note 35 'Information by business segment'.
Revenues to related parties are illustrated in Note 36 'Transactions with related parties'.
28.1\u00a0 Revenues
(million euros)
2023
2024
Natural Gas Transportation segment
2,480
2,466
Natural Gas Storage Segment
553
586
Liquefied natural gas (LNG) regasification segment
77
156
Energy Transition Segment
1,092
301
Other segments
42
39
TOTAL REVENUES
4,244
3,548
28.1.1\u00a0 Natural gas transportation segment revenues
Revenues are mainly related to service fees for natural gas transportation activities and mainly concern Eni S.p.A.
(\u20ac1,132 million; \u20ac1,192 million in 2023) and Enel Trade S.p.A. (\u20ac525 million; \u20ac719 million in 2023).
Group revenues are shown net of tariff components, which are in addition to the tariff and intended to cover
general gas system charges (\u20ac3,851 million, \u20ac4,048 million in 2023), the amounts of which are paid by Snam to
Cassa per i Servizi Energetici e Ambientali (CSEA). The main components, mainly related to the transportation
sector, concern:
\u2022 the CRVOS tariff component, for a total amount of \u20ac1,244 million (\u20ac1,258 million in 2023), introduced in 2011
by the Authority's Resolution ARG/gas 29/11, to cover the charges arising from the application of the revenue
guarantee factor for the storage service;
\u2022 the CRVST tariff component, for a total amount of \u20ac887 million (\u20ac1,658 million in 2023), introduced by
resolution 782/2017/R/GAS to cover the charges arising from the new 'gas settlement' rules, to be applied to
the quantities of gas redelivered to the User of the transportation service at the redelivery points feeding the
distribution networks.
During 2024, Snam provided transportation services for 347 users.
28.1.2\u00a0 Revenues from the natural gas storage segment
Revenues are mainly related to service fees for modulation storage activities (\u20ac 465 million); \u20ac428 million in 2023)
and strategic storage (\u20ac 79 million; \u20ac73 million in 2023).
During 2024 , Snam provided natural gas storage services for 75 operators.
28.1.3\u00a0 Liquefied natural gas (LNG) regasification
Revenues mainly refer to fees for the regasification service and the increase is mainly attributable to the
recognition of revenues related to the higher volumes regasified in 2023, compared to the revenues defined by the
Regulatory Authority for the same year, and to the Piombino regasification plant, which operated for the entire
year in 2024.
28.1.4\u00a0 Energy Transition segment revenues
Revenues related to the Energy Transition segment include: (i) revenues related to energy efficiency projects (\u20ac192
million); \u20ac935 million in 2023 ); (ii) fees for the construction and operation of biogas and biomethane plants (\u20ac109
million); \u20ac157 million in 2023).
28.1.5\u00a0 Other segments
Revenues include revenues from Global Solution projects, consisting mainly of the provision of technical consulting
services (\u20ac 16 million) and the sale of automotive sector compressors - CNG (\u20ac13 million).
28.2\u00a0 Other operating income
Other operating income of \u20ac 20 million mainly relates to the energy efficiency business (\u20ac8 million) and the
transportation sector (\u20ac6 million).
", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-985": { "value": "
28.2\u00a0 Other operating income
Other operating income of \u20ac 20 million mainly relates to the energy efficiency business (\u20ac8 million) and the
transportation sector (\u20ac6 million).
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-986": { "value": "
29)\u00a0 OPERATING COSTS AND EXPENSES
(million euros)
2023
2024
Costs for purchase of raw materials, consumables and finished goods
1,137
248
Costs for services
287
184
Personnel costs
248
283
Other operating costs
219
148
TOTAL OPERATING COSTS
1,891
863
The reasons for the most significant changes are explained in the Interim Management Report in the \u2018Comment on
Financial Results\u2019.
The group's operating costs and expenses are mainly incurred in Italy.
Operating costs and expenses incurred with related parties are disclosed in Note 36 'Transactions with related
parties'.
29.1\u00a0 Costs for purchase of raw materials, consumables and finished goods
(million euros)
2023
2024
Costs for purchase of raw materials, consumables and finished goods gross of change in
inventories
1,450
551
Change in inventories of raw materials, consumables and finished goods
(256)
22
Total costs incurred during the year
1,194
573
Share of capitalised costs for internal work
(57)
(325)
TOTAL COSTS FOR PURCHASE OF RAW MATERIALS, CONSUMABLES AND FINISHED
GOODS
1,137
248
The item Purchase costs for commodities, ancillary materials, consumables, and goods is mainly attributable to the
Energy Efficiency business (\u20ac104 million), the Biomethane business (\u20ac72 million), and the Transportation business
(\u20ac55 million).
29.2\u00a0 Costs for services
(million euros)
2023
2024
Construction, design and construction management
267
376
IT Services
109
124
Technical, legal, administrative and professional services
73
64
Routine maintenance services
51
58
Supply of electricity, heat, water, etc.
36
31
Personnel-related services
30
32
Environmental services
25
26
Telecommunication services
14
13
Insurance
12
15
Materials processing at third parties
10
12
Advertising
8
7
Use of the provision for decommissioning and site restoration
(2)
(4)
Use of provision for future charges
(3)
Other services
55
39
Total costs incurred during the year
688
790
Share of capitalised costs for internal work
(401)
(606)
TOTAL COSTS FOR SERVICES
287
184
29.3\u00a0 Personnel costs
(million euros)
2023
2024
Wages and salaries
216
232
Social charges (social security and welfare)
60
65
Provisions for employee benefits
15
31
Other expenses
15
30
Total personnel costs incurred during the year
306
358
Share of capitalised costs
(58)
(75)
TOTAL PERSONNEL COSTS
248
283
The item 'Other charges' (\u20ac 30 million) mainly includes charges for facilitated redundancies and early pensions,
pursuant to the Fornero Law, the so-called 'Isopensione'.
Liabilities for employee benefits are illustrated in Note 20 \u2018Employee benefits\u2019.
29.3.1\u00a0 Average number of employees
The average number of tenured employees of entities included in the scope of consolidation, broken down by
professional qualification, is shown in the table below:
Professional qualification
2023
2024
Executives
139
138
Middle Managers
675
712
Office workers
2,037
2,136
Manual Workers
875
878
AVERAGE NUMBER OF EMPLOYEES
3,726
3,865
The average number of employees is calculated as the average determined on the basis of the monthly results of
employees per category.
The number of staff in service at December 31, 2024 was 3,901 resources (3,798 resources at December 31, 2023),
an increase of 103 resources (+2.7%) compared to December 31, 2023. The increase was mainly due to the growth
of regulated business and partly also to the management of voluntary turnover.\u00a0
29.3.2\u00a0 Incentive plans with Snam shares
Long-term share-based incentive plan
In its meetings held on 18 June 2020 and 4 May 2023, the Snam Shareholders' Meeting approved the 2020-2022
and 2023-2025 Long-Term Stock Incentive Plans, granting the Board of Directors, and on its behalf the Chief
Executive Officer, with specific authority to sub-delegate, all powers necessary to implement the Plans.
The Plans are for managerial positions at Snam and its Subsidiaries, and namely the Chief Executive Officer of Snam
and persons holding positions with the greatest impact on the achievement of business results in the medium-/
long-term or with strategic importance for the achievement of Snam\u2019s long-term objectives, as well as any other
positions identified in relation to performance achieved, skills possessed or with a view to retention. The maximum
number of beneficiaries, per three-year cycle, is 100.
The Plans provide for three allocations of ordinary shares each in the years 2020-2021-2022 and 2023-2024-2025,
respectively. Each allocation is subject to a three-year vesting period, that will end in 2023-2024-2025 and
2026-2027-2028 respectively, at the end of which shares are actually assigned, as illustrated in the scheme below.\u00a0
Allocation
Performance Period
Vesting Period
Assignment of Shares
Actions Assigned (*)
2021
2021-2023
2024
2024
1,245,853
2022
2022-2024
2025
2025
1,032,626
2023
2023-2025
2026
2026
1,272,141
2024
2024-2026
2027
2027
1,633,592
2025
2025-2027
2028
2028
(*)
The number of shares refers to the target value (performance = 100) of rights allocated for each year
The Board of Directors has determined that a maximum of 3,500,000 Shares will be used for each three-year cycle
of the Plans.
The 2023-2025 Plan envisages the free assignment of a variable number of shares, depending on the individual
attribution and the degree to which the Plan performance conditions are achieved. The actual vesting of the
allocated Shares is subject to the achievement of specific Performance Conditions that are verified for all
beneficiaries at the end of each three-year period of implementation following a timely process of verifying the
results actually achieved by the Appointments and Remuneration Committee, in support of the resolutions taken in
this regard by the Board of Directors.
The Plan's performance conditions are linked to the following parameters:
\u2022 Adjusted net profit cumulated in the three-year period corresponding to the Performance Period, with a weight of
40%;
\u2022 Value Added generated in the three-year period corresponding to the performance period, with a weight of 20%;
\u2022 Energy Transition Readiness metric, with an overall weight of 20%, based on the following parameters:
1. Km of \u2018H2 ready\u2019 network (weight 10%);
2. MW installed related to biomethane (weight 5%);
3. CSS - H2 projects and market design (weight 5%);
\u2022 ESG metric, with a weight of 20%, measured through the results achieved with respect to 2 indicators identified
on a three-year basis, aiming at:
4. reducing natural gas emissions over the next three years (weight 10%);
5. guaranteeing a fair representation of the less present gender in Snam\u2019s management team (weight of
10%) in terms of the % of the less represented gender of executives and middle managers out of all Group
executives and middle managers.
It is also envisaged that an additional number of shares will be assigned - defined as \u2018dividend equivalents\u2019 -
according to the shares effectively assigned at the end of the vesting period. The number of additional shares to be
allocated is determined by dividing the sum of the dividends distributed in the vesting period by the average price
of the share recorded in the month prior to the assignment. For the Chief Executive Officer and the other Plan
\"\"
Beneficiaries, it is envisaged that 20% of the shares assigned, gross of those required to fulfil tax requirements,
shall be subject to a lockup period.
For further information, see the \u2018Information Document on the 2023-2025 Long-Term Share- Based Incentive Plan\u2019
prepared pursuant to Article 84-bis of the Regulation on Issuers, available on Snam\u2019s website.
In line with the substantial nature of remuneration, in accordance with the provisions of international accounting
standards, the cost of the plans is determined by referring to the fair value of the instruments assigned and the
forecast of the number of shares to be granted at the end of the vesting period; the cost is recognised pro-rata
temporis over the vesting period.
The costs pertaining to the financial year 2024, equal to the product of the number of shares expected to accrue
upon maturity, measured at the grant date, were recognised as a cost component against a corresponding equity
reserve, and amount to \u20ac 7 million in total (\u20ac5 million in 2023 ).
29.3.3\u00a0 Remuneration of key management personnel
Remuneration due to persons with the power and responsibility for the planning, management and control of the
company, i.e. executive and non-executive directors, general managers and executives with strategic
responsibilities 187 (so-called \u2018key management personnel\u2019) in office during the year amounted (including
contributions and accessory charges) to \u20ac 11 million (\u20ac 6 million in 2023) and was composed as follows:
(million euros)
2023
2024
Wages and salaries
4
7
Termination of employment benefits
1
Share-based payments
2
3
TOTAL REMUNERATION TO KEY MANAGEMENT PERSONNEL
6
11
Information on the compensation paid to directors and statutory auditors, general managers and Key Managers,
and the equity investments held by each of these, can be found in the Remuneration Report, which is prepared in
accordance with Article 123- ter of Legislative Decree no. 58/1998 (TUF). The Remuneration Report is available on
the Snam website (www.snam.it) in the Governance section, to which reference is made.
29.3.4\u00a0 Remuneration of Directors and Statutory Auditors
The remuneration of directors amounted to \u20ac 5 million and \u20ac4 million in the financial years 2024 and 2023. The
remuneration of auditors amounted to \u20ac 0.2 million (unchanged at 2023). This remuneration includes fees and any
other sum of remuneration, social security and welfare payments due for serving as a director or statutory auditor
in Snam S.p.A. and in other companies included in the scope of consolidation that constituted a cost for Snam, even
if not subject to personal income tax.
29.4\u00a0 Other operating costs
(million euros)
2023
2024
CO2 emission rights
59
34
Indirect taxes and duties
14
16
Software licences, short-term leasing costs and leasing of low-value assets
45
49
Losses on the disposal of property, plant and equipment and intangible assets
11
13
Allocations (Uses) to/of the provision for bad debt
49
(29)
Net allocations/(Uses) to/of provisions for risks and charges
21
28
Other costs
20
37
TOTAL OTHER OPERATING COSTS
219
148
For more details on changes in provisions for risks and charges and receivables, see Note 18 'Provisions for risks and
charges' and Note 15 'Trade and other receivables'.
29.4.1\u00a0 Greenhouse gas emission permit system - Emission Trading System
On 1 January 2021, the fourth regulatory period (2021-2030) of the Emission Trading System (ETS) began, the
greenhouse gas emission permit system, regulated by Legislative Decree no. 47 of 9 June 2020, which repealed
Legislative Decree no. 30 of 13 March 2013 and transposes Directive 2018/410/EU.
There are 24 Snam Group plants subject to Emission Trading regulations, of which 13 compressor stations of Snam
Rete Gas, 8 storage plants of Stogit, the regasifier of GNL Italia, the cogeneration plant of Renovit Business
Solutions and, from July 2023, also the regasifier of FSRU Italia in Piombino.
In 2024, the free allocation for the Snam Group amounted to 195,206 allowances, an increase of 7.1% compared to
2023, due to the new rules introduced by the aforementioned legislation for the fourth ETS period.
In the 2024 financial year, carbon dioxide emissions from Snam Group installations subject to the ETS exceeded the
allocated emission allowances. For around 0.73 million tonnes of carbon dioxide emitted into the atmosphere,
there was therefore a deficit of some 0.54 million tonnes. The deficit was offset by the shares purchased by the
various companies, with a cost of approximately \u20ac33.66 million recognised under 'Other operating costs'. There are
no costs for Renovit Business Solutions, as the purchase of CO2 allowances is borne by the company to which the
plant supplies energy.
Total CO2 emissions for the year 2024 were about 20 per cent lower than the previous year, mainly due to the
reduction of compressed gas from Snam Rete Gas's gas transportation plants and regasified gas from the
Panigaglia LNG plant.
As a result, the costs for the purchase of CO2 allowances decreased from the previous year (-43%) due to the
reduction of purchased allowances and lower average purchase prices.
The current regulatory framework defined by ARERA with reference to the natural gas transportation,
regasification and storage sector provides for the recognition of costs related to the Emission Trading System,
guaranteeing substantial neutrality at both the economic and financial level for Snam. For further details, see the
section 'Risk and Uncertainty Factors - Climate Change' in the Directors\u2019 Report.
", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-987": { "value": "
29.3.1\u00a0 Average number of employees
The average number of tenured employees of entities included in the scope of consolidation, broken down by
professional qualification, is shown in the table below:
Professional qualification
2023
2024
Executives
139
138
Middle Managers
675
712
Office workers
2,037
2,136
Manual Workers
875
878
AVERAGE NUMBER OF EMPLOYEES
3,726
3,865
The average number of employees is calculated as the average determined on the basis of the monthly results of
employees per category.
The number of staff in service at December 31, 2024 was 3,901 resources (3,798 resources at December 31, 2023),
an increase of 103 resources (+2.7%) compared to December 31, 2023. The increase was mainly due to the growth
of regulated business and partly also to the management of voluntary turnover.", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-988": { "value": "
29.3.2\u00a0 Incentive plans with Snam shares
Long-term share-based incentive plan
In its meetings held on 18 June 2020 and 4 May 2023, the Snam Shareholders' Meeting approved the 2020-2022
and 2023-2025 Long-Term Stock Incentive Plans, granting the Board of Directors, and on its behalf the Chief
Executive Officer, with specific authority to sub-delegate, all powers necessary to implement the Plans.
The Plans are for managerial positions at Snam and its Subsidiaries, and namely the Chief Executive Officer of Snam
and persons holding positions with the greatest impact on the achievement of business results in the medium-/
long-term or with strategic importance for the achievement of Snam\u2019s long-term objectives, as well as any other
positions identified in relation to performance achieved, skills possessed or with a view to retention. The maximum
number of beneficiaries, per three-year cycle, is 100.
The Plans provide for three allocations of ordinary shares each in the years 2020-2021-2022 and 2023-2024-2025,
respectively. Each allocation is subject to a three-year vesting period, that will end in 2023-2024-2025 and
2026-2027-2028 respectively, at the end of which shares are actually assigned, as illustrated in the scheme below.\u00a0
Allocation
Performance Period
Vesting Period
Assignment of Shares
Actions Assigned (*)
2021
2021-2023
2024
2024
1,245,853
2022
2022-2024
2025
2025
1,032,626
2023
2023-2025
2026
2026
1,272,141
2024
2024-2026
2027
2027
1,633,592
2025
2025-2027
2028
2028
(*)
The number of shares refers to the target value (performance = 100) of rights allocated for each year
The Board of Directors has determined that a maximum of 3,500,000 Shares will be used for each three-year cycle
of the Plans.
The 2023-2025 Plan envisages the free assignment of a variable number of shares, depending on the individual
attribution and the degree to which the Plan performance conditions are achieved. The actual vesting of the
allocated Shares is subject to the achievement of specific Performance Conditions that are verified for all
beneficiaries at the end of each three-year period of implementation following a timely process of verifying the
results actually achieved by the Appointments and Remuneration Committee, in support of the resolutions taken in
this regard by the Board of Directors.
The Plan's performance conditions are linked to the following parameters:
\u2022 Adjusted net profit cumulated in the three-year period corresponding to the Performance Period, with a weight of
40%;
\u2022 Value Added generated in the three-year period corresponding to the performance period, with a weight of 20%;
\u2022 Energy Transition Readiness metric, with an overall weight of 20%, based on the following parameters:
1. Km of \u2018H2 ready\u2019 network (weight 10%);
2. MW installed related to biomethane (weight 5%);
3. CSS - H2 projects and market design (weight 5%);
\u2022 ESG metric, with a weight of 20%, measured through the results achieved with respect to 2 indicators identified
on a three-year basis, aiming at:
4. reducing natural gas emissions over the next three years (weight 10%);
5. guaranteeing a fair representation of the less present gender in Snam\u2019s management team (weight of
10%) in terms of the % of the less represented gender of executives and middle managers out of all Group
executives and middle managers.
It is also envisaged that an additional number of shares will be assigned - defined as \u2018dividend equivalents\u2019 -
according to the shares effectively assigned at the end of the vesting period. The number of additional shares to be
allocated is determined by dividing the sum of the dividends distributed in the vesting period by the average price
of the share recorded in the month prior to the assignment. For the Chief Executive Officer and the other Plan
\"\"
Beneficiaries, it is envisaged that 20% of the shares assigned, gross of those required to fulfil tax requirements,
shall be subject to a lockup period.
For further information, see the \u2018Information Document on the 2023-2025 Long-Term Share- Based Incentive Plan\u2019
prepared pursuant to Article 84-bis of the Regulation on Issuers, available on Snam\u2019s website.
In line with the substantial nature of remuneration, in accordance with the provisions of international accounting
standards, the cost of the plans is determined by referring to the fair value of the instruments assigned and the
forecast of the number of shares to be granted at the end of the vesting period; the cost is recognised pro-rata
temporis over the vesting period.
The costs pertaining to the financial year 2024, equal to the product of the number of shares expected to accrue
upon maturity, measured at the grant date, were recognised as a cost component against a corresponding equity
reserve, and amount to \u20ac 7 million in total (\u20ac5 million in 2023 ).
", "dimensions": { "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-989": { "value": "7000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember", "unit": "iso4217:EUR" } }, "f-990": { "value": "
29.3.3\u00a0 Remuneration of key management personnel
Remuneration due to persons with the power and responsibility for the planning, management and control of the
company, i.e. executive and non-executive directors, general managers and executives with strategic
responsibilities 187 (so-called \u2018key management personnel\u2019) in office during the year amounted (including
contributions and accessory charges) to \u20ac 11 million (\u20ac 6 million in 2023) and was composed as follows:
(million euros)
2023
2024
Wages and salaries
4
7
Termination of employment benefits
1
Share-based payments
2
3
TOTAL REMUNERATION TO KEY MANAGEMENT PERSONNEL
6
11
Information on the compensation paid to directors and statutory auditors, general managers and Key Managers,
and the equity investments held by each of these, can be found in the Remuneration Report, which is prepared in
accordance with Article 123- ter of Legislative Decree no. 58/1998 (TUF). The Remuneration Report is available on
the Snam website (www.snam.it) in the Governance section, to which reference is made.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-991": { "value": "
29.3.4\u00a0 Remuneration of Directors and Statutory Auditors
The remuneration of directors amounted to \u20ac 5 million and \u20ac4 million in the financial years 2024 and 2023. The
remuneration of auditors amounted to \u20ac 0.2 million (unchanged at 2023). This remuneration includes fees and any
other sum of remuneration, social security and welfare payments due for serving as a director or statutory auditor
in Snam S.p.A. and in other companies included in the scope of consolidation that constituted a cost for Snam, even
if not subject to personal income tax.
29.4\u00a0 Other operating costs
(million euros)
2023
2024
CO2 emission rights
59
34
Indirect taxes and duties
14
16
Software licences, short-term leasing costs and leasing of low-value assets
45
49
Losses on the disposal of property, plant and equipment and intangible assets
11
13
Allocations (Uses) to/of the provision for bad debt
49
(29)
Net allocations/(Uses) to/of provisions for risks and charges
21
28
Other costs
20
37
TOTAL OTHER OPERATING COSTS
219
148
For more details on changes in provisions for risks and charges and receivables, see Note 18 'Provisions for risks and
charges' and Note 15 'Trade and other receivables'.
29.4.1\u00a0 Greenhouse gas emission permit system - Emission Trading System
On 1 January 2021, the fourth regulatory period (2021-2030) of the Emission Trading System (ETS) began, the
greenhouse gas emission permit system, regulated by Legislative Decree no. 47 of 9 June 2020, which repealed
Legislative Decree no. 30 of 13 March 2013 and transposes Directive 2018/410/EU.
There are 24 Snam Group plants subject to Emission Trading regulations, of which 13 compressor stations of Snam
Rete Gas, 8 storage plants of Stogit, the regasifier of GNL Italia, the cogeneration plant of Renovit Business
Solutions and, from July 2023, also the regasifier of FSRU Italia in Piombino.
In 2024, the free allocation for the Snam Group amounted to 195,206 allowances, an increase of 7.1% compared to
2023, due to the new rules introduced by the aforementioned legislation for the fourth ETS period.
In the 2024 financial year, carbon dioxide emissions from Snam Group installations subject to the ETS exceeded the
allocated emission allowances. For around 0.73 million tonnes of carbon dioxide emitted into the atmosphere,
there was therefore a deficit of some 0.54 million tonnes. The deficit was offset by the shares purchased by the
various companies, with a cost of approximately \u20ac33.66 million recognised under 'Other operating costs'. There are
no costs for Renovit Business Solutions, as the purchase of CO2 allowances is borne by the company to which the
plant supplies energy.
Total CO2 emissions for the year 2024 were about 20 per cent lower than the previous year, mainly due to the
reduction of compressed gas from Snam Rete Gas's gas transportation plants and regasified gas from the
Panigaglia LNG plant.
As a result, the costs for the purchase of CO2 allowances decreased from the previous year (-43%) due to the
reduction of purchased allowances and lower average purchase prices.
The current regulatory framework defined by ARERA with reference to the natural gas transportation,
regasification and storage sector provides for the recognition of costs related to the Emission Trading System,
guaranteeing substantial neutrality at both the economic and financial level for Snam. For further details, see the
section 'Risk and Uncertainty Factors - Climate Change' in the Directors\u2019 Report.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-992": { "value": "
30)\u00a0 DEPRECIATION, AMORTISATION AND IMPAIRMENT OF ASSETS
(million euros)
2023
2024
Depreciation of property, plant and equipment
786
823
Amortization of intangible assets
139
161
Total depreciation and amortization
925
984
Impairment losses on property, plant and equipment and intangible assets
201
45
Total impairment of assets
201
45
TOTAL DEPRECIATION, AMORTISATION AND IMPAIRMENT OF ASSETS
1,126
1,029
For more details on depreciation, amortization and impairment of assets, please refer to the analyses in Notes 8
'Property, Plant and Equipment' and 9 'Intangible Assets and Goodwill'.
An analysis of depreciation, amortization and impairment of assets by business segment is provided in Note 35
'Information by business segment'.", "dimensions": { "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-993": { "value": "
31)\u00a0 NET FINANCIAL EXPENSES
(million euros)
2023
2024
- Interest income and other financial income on short-term financial assets
(30)
(74)
- Interest income on non-current financial receivables
(5)
(6)
- Other financial income
(58)
(115)
TOTAL FINANCIAL INCOME
(93)
(195)
- Interest expense and other financial expenses on bonds
120
213
- Commissions paid on loans and bank credit lines
23
25
- Interest expense on credit lines and loans from banks and other lenders
152
251
Expenses related to gross financial debt
295
489
- Financial expenses related to the passage of time (accretion discount)
19
19
Other financial expenses
21
64
Total financial expenses incurred during the year
335
572
- Share of capitalised financial expenses
(21)
(46)
TOTAL FINANCIAL EXPENSES
314
526
TOTAL NET FINANCIAL EXPENSES
221
331
(*)
This item relates to the increase in provisions for risks and charges and employee benefit liabilities, which are shown, at a discounted
value, in Note 18 \u2018Provisions for risks and charges\u2019 and Note 20 \u2018Employee benefit liabilities\u2019.
Other financial income (\u20ac 115 million) mainly refers to: (i) default interest billed to end customers and distribution
users in relation to unpaid invoices for the transportation default service (\u20ac60 million); (ii) interest income from the
measurement at amortised cost of trade and tax receivables relating to the Superbonus tax breaks and minor tax
break bonuses (\u20ac51 million).
The expenses related to gross financial debt (\u20ac 489 million) mainly concern: (i) interest expenses and other charges
on bond loans (\u20ac213 million); (ii) interest paid to banks on revolving credit lines and maturing loans (\u20ac249 million).
Other financial expenses (\u20ac 64 million) mainly refer to regulatory items for which the company, upon evaluating
whether the conditions existed to recognise a provision for risks, deemed that the conditions did not exist for
recognising the related charge under the provision for bad debt (\u20ac42 million).
The financial expenses associated with the passage of time (\u20ac19 million) mainly relate to the decommissioning and
site restoration provisions of the storage and transportation segments.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-994": { "value": "
33)\u00a0 INCOME TAXES
33.1\u00a0 Income taxes recognised in the income statement
(million euros)
2023
2024
IRES,
CORPORATION
TAX
IRAP,
REGIONAL
TRADE
INCOME
TAX
Total
IRES,
CORPORATION
TAX
IRAP,
REGIONAL
TRADE
INCOME
TAX
Total
Current taxes for the year
378
70
448
410
81
491
Adjustments for current taxes relating
to previous years
(12)
(2)
(14)
(3)
(1)
(4)
Provisions/(releases) for current taxes
6
6
(1)
(1)
Total current taxes
372
68
440
406
80
486
Total deferred tax assets
(50)
(1)
(51)
(61)
(3)
(64)
TOTAL INCOME TAXES
322
67
389
345
77
422
Income taxes (\u20ac 422 million) increased by \u20ac33 million compared to December 31, 2023, mainly due to pre-tax profit.
The analysis of the reconciliation between the theoretical tax charge, determined by applying the IRES, corporation
tax and IRAP, regional trade income tax rates in force in Italy, and the actual tax charge for the year is shown below:
2023
2024
(million euros)
Tax rate
IRES
Tax rate
IRES
Profit before taxes
1,534
1,679
Accrued IRES, corporation taxes, calculated on the basis of the
theoretical tax rate
24.0%
368
24.0%
403
Variations from the theoretical rate:
- Income from equity investments
(5.2%)
(80)
(4.3%)
(73)
- Dividend tax
2.0%
30
1.2%
20
- Provision (use) for current taxes
0.5%
7
0.0%
- Other permanent differences
(0.2%)
(3)
(0.3%)
(5)
IRES, CORPORATION TAXES FOR THE YEAR
21.0%
322
20.5%
345
2023
2024
(million euros)
Tax rate
IRAP
Tax rate
IRAP
Difference between value and cost of production
1,346
1,722
Accrued IRAP, regional trade income tax, calculated on the basis of the
theoretical tax rate
3.9%
52
3.9%
67
Variations from the theoretical rate:
Delta regional IRAP rates
0.3%
4
0.3%
6
Other permanent differences
0.8%
11
0.2%
4
IRAP FOR THE YEAR
5.0%
67
4.5%
77
An analysis of deferred tax assets and liabilities based on the nature of the significant temporary differences that
gave rise to them is provided in Note 19 'Deferred Tax Liabilities/Assets'.
33.2\u00a0 Taxes relating to components of comprehensive income
2023
2024
(million euros)
Pre-tax
value
Fiscal
impact
Net tax
value
Pre-tax
value
Fiscal
impact
Net tax
value
Revaluation of liabilities for employees\u2019 defined
benefit plans
(2)
(2)
Share of other comprehensive income of associates/
joint ventures or investments accounted for using
the equity method
(50)
(50)
(8)
(8)
Equity investments accounted for at FVTOCI (\u2018fair
value through other comprehensive income\u2019)
(3)
(3)
31
31
Cash flow hedge \u2013 effective portion of fair value
change
10
(3)
7
(20)
5
(15)
Other components of comprehensive income
(45)
(3)
(48)
3
5
8
CURRENT AND DEFERRED INCOME TAXES
RECOGNISED IN OTHER COMPREHENSIVE
INCOME
(3)
5
33.3\u00a0 Global minimum tax
With reference to pillar-two income taxes provided for in Directive 2022/2523, adopted in Italy by Legislative
Decree 209/2023 ('the Decree'), which aims to ensure a global minimum level of taxation for multinational groups
of companies, it should be noted that the Snam Group's exposure for 2024 is not significant (\u20ac104 thousand in
Ireland; no supplementary taxation for the Netherlands).
", "dimensions": { "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-995": { "value": "
34)\u00a0 EARNINGS PER SHARE
Earnings per share are determined by dividing Snam's net profit for the year by the weighted average number of
Snam shares outstanding during the year, excluding treasury shares.
Diluted earnings per share are calculated by dividing Snam's net profit for the year by the weighted average
number of shares outstanding in the period, excluding treasury shares, increased by the number of shares that
could become outstanding.
At December 31, 2024, the shares that could potentially become outstanding concern shares granted under long-
term share-based incentive plans (granting in 2022, 2023 and 2024).
For the purposes of determining simple and diluted earnings per share, Snam's net profit for the year is adjusted to
take into account the remuneration of the perpetual subordinated bonds, issued in September 2024, net of the
related tax effect.
34.1\u00a0 Reconciliation of basic and diluted earnings per share
The calculation of simple and diluted earnings per share is shown below:
2023
2024
Weighted average number of shares outstanding for basic earnings per
share
3,353,119,570
3,353,942,449
Number of potential shares for long-term incentive plans
2,022,559
2,490,358
Weighted average number of shares outstanding for diluted earnings
per share
3,355,142,129
3,356,432,807
Profit for the year attributable to Snam shareholders
(million euros)
1,135
1,259
Remuneration of perpetual subordinated bonds, net of tax effect
(million euros)
(8)
Profit for the year attributable to Snam shareholders
(million euros)
1,135
1,251
BASIC EARNINGS PER SHARE
(\u20ac per share)
0.338
0.373
DILUTED EARNINGS PER SHARE
(\u20ac per share)
0.338
0.373
", "dimensions": { "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-996": { "value": "
35)\u00a0 INFORMATION BY BUSINESS SEGMENT
In accordance with IFRS 8 'Operating Segments', the segments identified by the Group as of December 31, 2024 are
as follows:
\u2022 Transportation Segment, attributable to the legal entities that carry out, at Group level, natural gas
transportation and dispatching activities in Italy (Snam Rete Gas, ITG and Enura). Snam is the leading Italian
natural gas transport and dispatching operator, and owns almost all the transport infrastructure in Italy of high-
and medium-pressure pipelines in operation. Snam manages the network via its districts, maintenance centres,
compression stations, and dispatching unit. Transportation capacity is awarded to shippers, allowing them to sell
and trade gas at the Virtual Trading Point (VTP) of the National Network.
\u2022 Storage Sector, attributable to the legal entity that provides the natural gas storage service in Italy (Stogit).
Snam's storage system balances gas supply and consumption, ensuring strategic gas availability during supply
disruptions or crises. The storage business makes use of an integrated group of infrastructure comprising
deposits, wells, gas treatment plants, compression plants and the operational dispatching system. Snam
operates through its storage concessions located in Lombardy, Emilia-Romagna and Abruzzo, providing various
storage services to operators based on the ARERA-approved Storage Code.
\u2022 Regasification Sector, attributable to the legal entity providing the liquefied natural gas regasification service
(GNL Italia) and the legal entities owning the two floating regasification plants - FSRUs (Snam FSRU Italia. The
regasification service can either be continuous for the entire thermal year or spot-related, with regasification
capacity awarded through dedicated auctions. Moreover, the regasification service includes the ancillary service
of correcting the heating power of the natural gas to comply with quality requirements for its transfer to the
transportation\u00a0 network (correction of the Wobbe index). The regassification terminals are interconnected with
the transport infrastructure and once it has been regasified, the gas is transported to the local distribution
networks, the regional network redelivery points or large end users such as thermoelectric power stations or
manufacturing plants.
\u2022 Energy Transition Segment to which the companies active in the energy efficiency business traceable to the
legal entities of the Renovit group and in the biogas/biomethane business traceable to the legal entities of the
Bioenerys group belong, as well as the activities in the start-up phase in the hydrogen and Carbon Capture and
Storage (CCS) projects. Snam promotes energy transition through the development of integrated projects in
energy efficiency, green gas - biomethane and hydrogen. Renovit is the Italian platform for energy efficiency for
companies, condominiums, the tertiary sector and the public administration established to enable the growth of
the sector and contribute to the sustainable development and energy transition of the country. Through
Bioenerys, Snam is developing a diversified portfolio of biogas and biomethane plants, both by investing in and
acquiring existing biogas and biomethane plants and through new greenfield projects.
The \u2018Other sectors\u2019 not subject to separate disclosure, mainly include the sustainable mobility business, classified
among the Gas Infrastructure businesses as it focuses on the construction of midstream infrastructures dedicated
to heavy transportation, the naval and railway sectors. They also include technical consulting services offered by the
Global Solutions division.
The other unallocated amounts mainly refer to head office activities of Snam corporate and captive insurance
company activities.
In order to assess the performance of the operating segments, Snam's Management mainly analyses adjusted
EBITDA 188 and adjusted EBIT 189, i.e. excluding any expenses and/or revenues that are non-recurring or arising from
events or transactions that are not representative of normal business activity), for which a reconciliation with the
related reported values is provided. Adjusted EBITDA and Adjusted EBIT are the key profit measures used by Snam\u2019s
Management to assess performance and allocate resources to the Group\u2019s operating segments, as well as to
analyze operating trends, perform analytical comparisons and benchmark performance between periods and
among the segments.
In addition to the above measures, the Management Board periodically analyses the revenues and investments for
each business.
Revenues, realised by applying regulated tariffs or market conditions, were mainly recorded in Italy; costs were
incurred almost entirely in Italy.
Reporting segments
(million euros)
Transportation
Segment
Storage
Segment
Regasification
Segment
Energy
Transition
Segment
Other
segments
Amounts not
allocated to
segments
Total
As of and for the year ended December 31, 2024
Regulated revenues
2,474
553
77
3,104
Other non-regulated revenues
231
2
1,092
42
1,367
to deduct: intersegment revenues
(225)
(2)
(227)
Revenues
2,480
553
77
1,092
42
4,244
Other operating income
27
6
1
13
8
55
to deduct: other intersegment operating income
(8)
(3)
(11)
Total operating revenues and income
2,499
556
78
1,105
42
8
4,288
Adjusted EBITDA
1,873
477
35
60
(4)
(24)
2,417
Depreciation, amortization and impairment of assets
(726)
(125)
(28)
(237)
(1)
(9)
(1,126)
Reconciling items between Adjusted EBITDA and Ajudted EBIT
186
186
Adjusted EBIT
1,147
352
7
9
(5)
(33)
1,477
Reconciling items between Ajudted EBIT and Operating result
(206)
Operating result
1,271
Financial income
93
Financial expenses
(314)
Total net financial expenses
(221)
Share of profit of investments accounted for using the equity method
410
Other income (expenses) from equity investments
74
Total net income (expenses) from equity investments
484
Profit before taxes
1,534
Investments in Property, plant and equipment and intangible assets
1,139
225
256
131
19
8
1,778
to deduct: Investments in Property, plant and equipment and intangible assets - infrasector
(4)
(4)
Total investments in Property, plant and equipment and intangible assets
1,139
225
256
127
19
8
1,774
Reporting segments
(million euros)
Transportation
Segment
Storage
Segment
Regasification
Segment
Energy
Transition
Segment
Other
segments
Amounts not
allocated to
segments
Total
As of and for the year ended December 31, 2024
Regulated revenues
2,459
586
156
3,201
Other non-regulated revenues
396
3
301
39
739
to deduct: intersegment revenues
(389)
(3)
(392)
Revenues
2,466
586
156
301
39
3,548
Other operating income
14
5
9
5
33
to deduct: other intersegment operating income
(10)
(3)
(13)
Total operating revenues and income
2,470
588
156
310
39
5
3,568
Adjusted EBITDA
2,168
499
100
1
(15)
2,753
Depreciation, amortization and impairment of assets
(789)
(130)
(43)
(55)
(1)
(11)
(1,029)
Reconciling items between Adjusted EBITDA and Ajudted EBIT
10
10
Adjusted EBIT
1,379
369
57
(44)
(1)
(26)
1,734
Reconciling items between Ajudted EBIT and Operating result
(58)
Operating result
1,676
Financial income
195
Financial expenses
(526)
Total net financial expenses
(331)
Share of profit of investments accounted for using the equity method
343
Other income (expenses) from equity investments
(9)
Total net income (expenses) from equity investments
334
Profit before taxes
1,679
Investments in Property, plant and equipment and intangible assets
1,924
269
488
167
57
7
2,912
to deduct: Investments in Property, plant and equipment and intangible assets - infrasector
Total investments in Property, plant and equipment and intangible assets
1,924
269
488
167
57
7
2,912
", "dimensions": { "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-997": { "value": "
36)\u00a0 TRANSACTIONS WITH RELATED
PARTIES
From 1 August 2019, CDP S.p.A. reclassified its equity
investment in Snam, already classified as de facto
control pursuant to international accounting standard
IFRS 10 - Consolidated financial statements from 2014,
as de facto control pursuant to Article 2359, paragraph
1 of the Italian Civil Code and Article 93 of the TUF.
Given the existence of de facto control by CDP S.p.A.
over Snam S.p.A, the related parties of Snam, based on
the current group ownership structure, are
represented not only by Snam's subsidiaries, associates
and companies under joint control, but also by the
parent company CDP S.p.A. and its subsidiaries,
including joint ventures, and associates, as well as by
the subsidiaries, including joint ventures, and
associates of the Ministry of the Economy and Finance
(MEF) and, in any case, any additional related parties
within the meaning of IAS 24 in effect from time to
time. In addition, members of the Board of Directors,
Statutory Auditors and executives with strategic
responsibilities, their family members and entities
controlled by them, including jointly by Snam, CDP and
CDP Reti, are also considered related parties.
As explained in detail below, transactions with related
parties mainly concern the exchange of goods and the
provision of infrastructure services in the gas sector,
whose rules are established by the AREAR, the energy
regulator. In particular, ARERA establishes the tariffs
for the use of the infrastructures and guarantees, also
through the Reference Codes (Network, Storage and
Regasification), maximum impartiality and equal access
to Users.
Snam\u2019s related party transactions are part of ordinary
business operations and are generally settled at
market conditions, i.e. the \u00a0conditions which would be
applied for two independent parties. All the
transactions carried out were in the interest of the
companies of the Snam Group.
Pursuant to the provisions of the relevant legislation,
the company has adopted internal guidelines to ensure
that transactions carried out by Snam or its subsidiaries
with related parties are transparent and correct in their
substance and procedure.\u00a0
Directors and statutory auditors declare potential
interests that they have in relation to the Company and
the Group every six months, and/or when changes in
said interests occur; they also inform the Chief
Executive Officer (or the Chair, in the case of the Chief
Executive Officer interests), who in turn informs the
other directors and the Board of Statutory Auditors, of
individual transactions that the Company intends to
carry out and in which they have an interest.
Snam is not subject to management and coordination
activities. Snam carries out management and
coordination activities, pursuant to Article 2497 and
following of the Italian Civil Code, with respect to
directly and indirectly controlled companies.
Pursuant to the disclosure requirements set forth in
Consob Regulation 17221 of 12 March 2010, with
reference to transactions between related parties that
fall within the \u2018Cases of Exclusion\u2019 referred to in Article
13, paragraph 3, letter c) of the RPT Regulation and
paragraph 3.2, item 8) of the RPT Guideline, no
information on related party transactions is reported.
The following table shows the balances of transactions
of a commercial and other financial nature with related
parties, as defined above, for the current year and the
previous year of comparison. The nature of the most
significant transactions is also indicated.
36.1\u00a0 Commercial and other relations
Commercial and other relations are analysed in the table below:
31.12.2023
2023
Revenues (a)
Costs (b)
(million euros)
Receivables
Other assets
Payables
Other
liabilities
Goods
Services
Other
Goods
Services
Other
- Others
1
Total subsidiaries accounted for using the equity method
1
- Interconnector Ltd
3
13
(1)
- TAG GmbH (formerly Trans Austria Gaisletung GmbH)
14
12
2
Trans Adriatic Pipeline AG
12
11
2
- Others
6
3
1
4
(3)
Total companies under joint control and associated companies
35
26
1
21
(4)
Snam Foundation
1
- Cassa Depositi e Prestiti
119
Total parent company
119
- Sace Group
8
- Others
1
1
1
Total subsidiaries of the parent company CDP
1
9
1
- Saipem Group
89
192
- Valvitalia Finanziaria S.p.A.
5
1
Total companies under joint control of the parent company CDP
89
5
193
- Gruppo HRA - Autostrade per l\u2019Italia S.p.A.
2
- Gestore dei servizi energetici S.p.A. (c)
37
32
5
29
- Anas Group
1
6
4
- Enel Group (d) (*)
218
24
779
- Eni Group (d) (*)
364
304
19
1,274
139
88
1
- Invitalia Group
10
32
- Others
4
2
4
Total state-owned or state-controlled enterprises
623
1
376
24
2,084
139
120
9
TRADE BALANCES WITH RELATED PARTIES
659
1
619
1
24
2,105
1
144
314
6
(a)
Gross of tariff components that are offset in costs.
(b)
They include costs for goods and services for investment purposes.
(c)
Costs for the purchase of goods do not include gas purchases made pursuant to ARERA resolution 274/2022/R/Gas.
(d)
Including balancing asset balances.
(*)
Commercial relations with the Eni Group and the Enel Group mainly concern regulated services for natural gas transportation, regasification and storage. Snam provides these services on the basis of the rules established by the Regulatory Authority for Energy,
Gas and the Water System (ARERA). In particular, ARERA establishes the tariffs for the use of the infrastructures and guarantees, also through the Reference Codes (Network, Storage and Regasification), maximum impartiality and equal access to Users.
31.12.2024
2,024
Revenues (a)
Costs (b)
(million euros)
Receivables
Other assets
Payables
Other
liabilities
Goods
Services
Other
Goods
Services
Other
- Others
1
1
1
1
Total subsidiaries accounted for using the equity method
1
1
1
1
- Interconnector Ltd
8
8
- Sea Corridor S.r.l.
32
4
- Terminale Gnl Adriatico S.r.l.
5
- TAG GmbH (formerly Trans Austria Gaisletung GmbH)
4
4
2
Trans Adriatic Pipeline AG
1
2
- Others
1
1
3
1
(3)
Total companies under joint control and associated companies
50
1
4
1
19
1
(3)
Snam Foundation
2
- Cassa Depositi e Prestiti
123
Total parent company
123
- Sace Group
5
- Others
1
Total subsidiaries of the parent company CDP
1
5
- Saipem Group
159
496
- Valvitalia Finanziaria S.p.A.
1
16
2
Total companies under joint control of the parent company CDP
160
16
498
- Gestore dei servizi energetici S.p.A. (c)
26
86
38
40
- Enel Group (d) (*)
174
28
599
1
- Eni Group (d) (*)
403
269
21
1,221
1
1
68
1
- Invitalia Group
2
16
3
54
- Poste Italiane Group
4
1
13
- Others
2
1
2
(2)
Total state-owned or state-controlled enterprises
611
401
62
1,873
1
1
125
(1)
TRADE BALANCES WITH RELATED PARTIES
663
1
693
1
62
1,893
2
17
624
(1)
(a)
Gross of tariff components that are offset in costs.
(b)
They include costs for goods and services for investment purposes.
(c)
Costs for the purchase of goods do not include gas purchases made pursuant to ARERA resolution 274/2022/R/Gas.
(d)
Including balancing asset balances.
(*)
Commercial relations with the Eni Group and the Enel Group mainly concern regulated services for natural gas transportation, regasification and storage. Snam provides these services on the basis of the rules established by the Regulatory Authority for Energy, Gas and the Water System
(ARERA). In particular, ARERA establishes the tariffs for the use of the infrastructures and guarantees, also through the Reference Codes (Network, Storage and Regasification), maximum impartiality and equal access to Users.\u00a0
36.1.1\u00a0 Companies under joint control and associated companies
The most significant trade relations with companies under joint control and associated companies mainly concern:
(i) the sale and purchase of gas in the context of the balancing activity with reference to the jointly controlled
companies TAG and the associated company TAP; (ii) receivables from the jointly controlled company SeaCorridor
for its share of the dividend to be collected; (ii) service and consulting revenues from the associated company
Interconnector Limited.
36.1.2\u00a0 Parent company
Trade and other relations with the parent company Cassa Depositi e Prestiti relate to the interim dividend payable
for 2024, equal to \u20ac 123 million, which was resolved on 6 November 2024 by the Board of Directors and payable as
of 22 January 2025, with ex-dividend date on 20 January 2025 and record date on 21 January 2025.
36.1.3\u00a0 Companies under joint control of the parent company Cassa Depositi e Prestiti
The most significant commercial transactions with companies under the joint control of Cassa Depositi e Prestiti is
the provision by Saipem of design and works supervision services for the construction of natural gas transportation,
storage and regasification infrastructures, governed by contracts entered into on normal market terms.
36.1.4\u00a0 State-owned or State-controlled enterprises
The most significant business relations with state-owned or state-controlled enterprises refer to:
\u2022 the provision of natural gas transportation, regasification and storage services to the Eni Group and the Enel
Group;
\u2022 the purchase from the Eni Group of electricity used to carry out activities.
\u2022 contractually agreed earn-outs vis-\u00e0-vis the Eni Group as part of the acquisition of equity investments.
36.2\u00a0 Financial relations
(million euros)
31.12.2023
2023
Receivables
Payables
Guarantees
and
commitments
Expenses
Income
Trans Adriatic Pipeline AG
1,129
- East Mediterranean Gas Company S.A.E.
6
- OLT Offshore LNG Toscana S.p.A.
82
8
- Others
2
Total companies under joint control and associated
companies
90
1,129
8
- Others
1
Total non-consolidated subsidiaries
1
- CDP Corporate Partners
12
Total subsidiaries of the parent company Cassa
Depositi e Prestiti
12
- Cassa Depositi e Prestiti Group
3
503
18
Total parent company
3
503
18
BALANCES OF FINANCIAL RELATIONS WITH
RELATED PARTIES
93
504
1,141
18
8
(million euros)
31.12.2024
2024
Receivables
Payables
Guarantees
and
commitments
Expenses
Income
Trans Adriatic Pipeline AG
1,129
- East Mediterranean Gas Company S.A.E.
7
- OLT Offshore LNG Toscana S.p.A.
87
5
- Others
1
Total companies under joint control and associated
companies
95
1,129
5
- Others
1
Total non-consolidated subsidiaries
1
- CDP Corporate Partners
10
Total subsidiaries of the parent company Cassa
Depositi e Prestiti
10
- Cassa Depositi e Prestiti Group
2
704
31
Total parent company
2
704
31
BALANCES OF FINANCIAL RELATIONS WITH
RELATED PARTIES
97
705
1,139
31
5
\"\"
36.2.1\u00a0 Companies under joint control and associated companies
Financial transactions with joint ventures and associates mainly include:
\u2022 the so-called 'Debt Payment Undertaking' guarantee in favour of the associated company TAP, i.e. a mechanism
to support the repayment of TAP's outstanding financial debt that would be activated, unlike the first-demand
guarantee, upon the occurrence of specific and determined conditions linked to exceptional events of an
extraordinary nature 190;
\u2022 the long-term financial receivable from the jointly controlled company OLT and the related interest income
accrued during the year.
36.2.2\u00a0 Parent company
Financial relations with Cassa Depositi e Prestiti essentially concern three loans granted by the parent company to
Snam S.p.A.
36.3\u00a0 Impact of transactions or positions with related parties on the financial
position and performance and cash flows
The impact of transactions or positions with related parties on the statement of financial position and income
statement is shown in the following summary table:
31.12.2023
31.12.2024
(million euros)
Total
Related
Entities
Impact %
Total
Related
Entities
Impact %
Statement of financial position
Other non-current financial assets
161
93
57.8
147
97
66.0
Trade and other receivables
4,505
659
14.6
3,483
663
19.0
Other current and non-current assets
503
1
0.2
1,394
1
0.1
Other current and non-current liabilities
1,924
1
0.1
1,410
1
0.1
Current and non-current financial liabilities
16,652
504
3.0
18,361
705
3.8
Trade payables and other payables
6,466
619
9.6
5,992
693
11.6
The impact of related party transactions on the income statement is shown in the following summary table:
2023
2024
(million euros)
Total
Related
Entities
Impact %
Total
Related
Entities
Impact %
Profit and loss account
Revenues
4,244
2,129
50.2
3,548
1,955
55.1
Other operating income
44
1
2.3
20
2
10.0
Costs for purchase of raw materials,
consumables and finished goods
1,137
142
12.5
248
16
6.5
Costs for services
287
142
49.5
184
30
16.3
Personnel costs
248
(5)
283
(4)
Other operating costs
219
3
1.4
148
3
2.0
Financial income
93
8
8.6
195
5
2.6
Financial expenses
314
18
5.7
526
31
5.9
Related party transactions are generally settled on an arm's length basis, i.e. on terms that would be applied
between two independent parties.
The main financial flows with related parties are shown in the table below.
(million euros)
2023
2024
Operating revenues and income
2,130
1,957
Operating costs and expenses
(283)
(45)
Change in trade and other receivables
332
(6)
Change in trade and other payables
(209)
77
Change in other current and non-current assets and liabilities
1
1
Interest received (paid)
(10)
(28)
Cash flows from operating activities
1,961
1,956
Investments:
- Property, plant and equipment and intangible assets
(183)
(595)
- Equity investments
(406)
- Non-current financial receivables
23
(1)
- Changes of payables related only to capital expenditures
7
(4)
Cash flows from investing activities
(559)
(600)
Increase (decrease) in short-term financial payables
300
200
Cash flows from financing activities
300
200
TOTAL CASH FLOWS TO RELATED ENTITIES
1,702
1,556
The impact of cash flows with related parties is shown in the table below:
2023
2024
(million euros)
Total
Related
entities
Impact %
Total
Related
entities
Impact %
Cash flows from operating activities
(135)
1,961
1,814
1,956
Cash flows from investing activities
(2,231)
(559)
25.1
(2,681)
(600)
22.4
Cash flows from financing activities
1,991
300
15.1
1,291
200
15.5
", "dimensions": { "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-998": { "value": "
37)\u00a0 PUBLIC DISBURSEMENTS - DISCLOSURE PURSUANT TO ARTICLE 1,
PARAGRAPHS 125-129, LAW NO. 124/2017
Pursuant to Article 1, paragraph 125 of Law No. 124/2017, as amended, information is given below on
disbursements received from Italian public entities and organisations, in favour of Snam S.p.A. and its fully
consolidated subsidiaries. Consolidated reporting takes into account disbursements received from Italian public
entities/state bodies. In particular, disclosure is not required for the following: (i) the forms of incentive/subsidy
received under a general aid scheme to all beneficiaries; (ii) consideration for works/services, including
sponsorships; (iii) reimbursements and allowances paid to persons engaged in training and orientation traineeships;
(iv) contributions received for continuing training by inter-professional funds established in the legal form of an
association; (v) membership dues for membership in trade and territorial associations, as well as to foundations or
equivalent organisations, functional to activities related to the company's business. Disbursements are identified on
a cash basis.
The disclosure obligations regarding the transparency of public disbursements granted, provided for by Law 124 of
2017 in Article 1, paragraph 126, are not applicable for the Snam Group.
The disclosure presented below includes public disbursements in excess of \u20ac10,000 received during 2024. Pursuant
to the provisions of Article 3-quater of Decree-Law 135/2018, converted with amendments by Law 12 of 11
February 2019, for the disbursements received, please refer to the indications contained in the National Register of
State Aid referred to in Article 52 of Law 234 of 24 December 2012.
Beneficiary
Disbursing entity
Object of the contribution
Amount of
economic
advantage
received (\u20ac)
Snam Rete Gas
S.p.a.
Ministry of the
Environment and
Energy Security
As part of the additional chapter to the PNRR (REPowerEU), the
project includes the construction of a compression plant in Sulmona
and a gas pipeline that will connect the nodes of Sestino (AR) and
Minerbio (BO) along the Adriatic coast.
112,500,000
Snam Rete Gas
S.p.a.
Ministry of the
Environment and
Energy Security
As part of the additional chapter to the PNRR (REPowerEU), the
project includes the modernization of the existing gas infrastructure
to allow the export of natural gas to Tarvisio (UD), as well as the
construction of a new electric compression unit in the Poggio
Renatico (FE) compression station which will allow to increase the
flow of gas from the South to the North-East.
13,500,000
Snam Rete Gas
S.p.a.
ARERA - Cassa per i
Servizi Energetici e
Ambientali
H2 Separation Membranes: Installation and Testing of a Palladium
Membrane for Separating Hydrogen from a Natural Gas-Hydrogen
Mixture.
1,188,345
Snam Rete Gas
S.p.a.
ARERA - Cassa per i
Servizi Energetici e
Ambientali
Hydrogen production from renewable sources and its introduction
into the transport network for the purpose of verifying compatibility.
392,925
Snam Rete Gas
S.p.a.
ARERA - Cassa per i
Servizi Energetici e
Ambientali
Methane detector system: Installation of an IoT (internet of things)
sensor in the boosting and compression plants for the identification
and quantification of natural gas leaks.
245,400
Snam
Foundation
Department for
Cohesion Policies of the
Prime Minister\u2019s Office
(formerly the Agency
for Territorial Cohesion)
Project implemented with a partnership composed of third sector
entities and schools, aimed at combating educational poverty
through the activation of Educational Centers, training laboratories
on STEM and orientation services within 3 schools in South Milan.
19,000
In 2024, Snam Rete gas S.p.a. received from CSEA a contribution of \u20ac 372,536 as an advance for the pilot project for
the installation of a turbo expander for power generation. This contribution will be repaid in 2025, following the
company's withdrawal from the tender.
", "dimensions": { "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-999": { "value": "
38)\u00a0 SIGNIFICANT EVENTS OCCURRING AFTER THE END OF THE FINANCIAL
YEAR
On 3 March 2025, Snam, through its subsidiary Stogit, completed the acquisition from Edison of 100% of Edison
Stoccaggio's share capital, for a consideration of approximately \u20ac565 million, including the adjustments provided
for in the sale and purchase agreement and the ticking fee. The completion of the transaction follows the
agreements signed on 25 July and obtaining the necessary authorisations under the applicable antitrust and golden
power regulations.
Edison Stoccaggio contributes to the security of the national energy system through three natural gas storage
facilities located in Cellino (TE), Collalto (TV) and San Potito e Cotignola (RA) and with a total capacity of
approximately 1.1 billion cubic meters per year.
On 18 March 2025, the sale to the Lunate fund of the 12.33% minority interest in Galaxy Pipeline Assets Holdco
Ltd., a company through which Snam holds an equity interest in ADNOC Gas Pipeline Assets LLC, was finalised. The
consideration for the transaction amounts to USD 247 million. The sale is in line with Snam's strategic vision to focus
on developing infrastructure for the energy transition along major energy corridors in Europe.", "dimensions": { "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f-1000": { "value": "
39)\u00a0 PUBLICATION OF THE FINANCIAL STATEMENTS
The financial statements were authorised for publication, to be carried out in accordance with law, by the Board of
Directors of Snam in its meeting of 19 March 2025.", "dimensions": { "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:8156002278562044AF79", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } } } }