Financial data

Net capital employed

Net capital employed

Net capital employed, including net assets held for sale of €221 million, amounted to €92,701 million at December 31, 2013 and was financed by equity pertaining to shareholders of the Parent Company and non-controlling interests of €52,839 million and net financial debt of €39,862 million. At December 31, 2013, the debt/ equity ratio came to 0.75 (0.82 at December 31, 2012).

Net financial debt came to €39,862 million, a decrease of €3,086 million compared with December 31, 2012. More specifically, cash flows from operations, the disposal of a number of non-strategic assets and the capital increase carried out by the Chilean subsidiary Enersis were only partially used for capital expenditure in the period and the payment of dividends.

 

Cash flow from operations

Cash flow from operations

Cash flow from operations amounted to €7,241 million in 2013, down €3,174 million compared with the previous year.

 

Capital expenditure

Capital expenditure

Capital expenditure amounted to €5,959 million in 2013 (of which €5,346 million in respect of property, plant and equipment), a decrease of €1,116 million compared with 2012.

 

Millions of euro     
 2013 2012 restated Change 
Sales  99  97  2.1% 
Generation and Energy Management  318  403  (85)  -21.1% 
Infrastructure and Networks  1,046  1,497  (451)  -30.1% 
Iberia and Latin America  2,181  2,497 (1)  (316)  -12.7% 
International  924  1,161  (237)  -20.4% 
Renewable Energy  1,307 (2)  1,257  50  4.0% 
Other, eliminations and adjustments  84  163 (3)  (79)  -48.5% 
Total  5,959  7,075  (1,116)  -15.8% 
Enel Open Data

(1) The figure for 2012 does not include €73 million regarding units classified as “held for sale”.
(2) The figure for 2013 does not include €1 million regarding units classified as “held for sale”.
(3) The figure for 2012 does not include €1 million regarding units classified as “held for sale”.