Results by business area

The representation of performance by business area presented here is based on the approach used by management in monitoring Group performance for the two periods under review, taking account of the operational model adopted by the Group as described above.

Results by business area for 2013 and 2012

Results for 2013 (1)

Millions of euro Sales GEM Infra. & Networks Iberia & Latin America Int’lRenewable Energy Other, eliminations and adjustments Total 
Revenues from third parties  16,699  18,878  3,669  30,825  7,103  2,337  1,024  80,535 
Revenues from other segments  222  4,041  4,029  110  634  490  (9,526)  -
Total revenues  16,921  22,919  7,698  30,935  7,737  2,827  (8,502)  80,535 
Net income/(charges) from commodity risk management  (82)  (165)  - (148)  (4)  21  - (378) 
Gross operating margin  866  1,176  4,008  6,746  1,405  1,788  1,022  17,011 
Depreciation, amortization and impairment losses  504  622  980  2,910  1,320  617  114  7,067 
Operating income  362  554  3,028  3,836  85  1,171  908  9,944 
Capital expenditure  99  318  1,046  2,181  924  1,307(2)  84  5,959 
Enel Open Data

(1) Segment revenues include both revenues from third parties and revenue flows between the segments. An analogous approach was taken for other income and costs for the period.
(2) Does not include €1 million regarding units classified as “held for sale”.

Results for 2012 restated (1) (2)

Millions of euro Sales GEM Infra. & Networks Iberia & Latin America Int’lRenewable Energy Other, eliminations and adjustments Total 
Revenues from third parties  18,170  18,869  3,820  33,708  8,015  2,264  103  84,949 
Revenues from other segments  181  6,375  4,297  461  688  432  (12,434)  -
Total revenues  18,351  25,244  8,117  34,169  8,703  2,696  (12,331)  84,949 
Net income/(charges) from commodity risk management  17  131  - (161)  57  (6)  - 38 
Gross operating margin  609  1,091  3,623  7,230  1,650  1,641  (35)  15,809 
Depreciation, amortization and impairment losses  506  586  994  5,555  672  560  130  9,003 
Operating income  103  505  2,629  1,675  978  1,081  (165)  6,806 
Capital expenditure  97  403  1,497  2,497 (3)  1,161  1,257  163 (4)  7,075 
Enel Open Data

(1) Segment revenues include both revenues from third parties and revenue flows between the segments. An analogous approach was taken for other income and costs for the period.
(2) The figures have been restated as a result of the change, with retrospective effect, in the accounting treatment of employee benefits under IAS 19/R, and in the accounting policy used for environmental certificates.
(3) Does not include €73 million regarding units classified as “held for sale”.
(4) Does not include €1 million regarding units classified as “held for sale”.