ENI SPA | CIK:0001002242 | 3

  • Filed: 4/13/2018
  • Entity registrant name: ENI SPA (CIK: 0001002242)
  • Generator: Unknown
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1002242/000117494718000616/0001174947-18-000616-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1002242/000117494718000616/e-20171231.xml
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  • ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory

    25 Trade and other payables

    (€ million)   December 31, 2017   December 31, 2016
    Trade payables     10,890       11,038  
    Advances     797       526  
    Other payables                
    - related to capital expenditures     2,094       2,158  
    - others     2,967       2,981  
          5,061       5,139  
          16,748       16,703  

    Down payments and advances for €797 million (€526 million at December 31, 2016) related to the Exploration & Production segment for €444 million (€153 million at December 31, 2016) and included €180 million of advances denominated in local currency relating to future supplies of equity hydrocarbons to our Egyptian State-owned partners in relation to the operations of Eni’s Concession Agreements in the Country for the next four-year period and in particular, among these, the Zohr project. Those advances have further reduced the Group net exposure towards the Country.

    Other payables were as follows:

    (€ million)   December 31, 2017   December 31, 2016
    Payables related to capital expenditures due to                
    Suppliers in relation to investing activities     1,804       1,835  
    Joint venture partners in exploration and production activities     264       219  
    Other     26       104  
          2,094       2,158  
    Other payables                
    Joint venture partners in exploration and production activities     1,968       2,057  
    Employees     184       180  
    Social security entities     84       94  
    Non-financial government entities     23       6  
    Other     708       644  
          2,967       2,981  
          5,061       5,139  

    Because of the short-term maturity and conditions of remuneration of trade payables, the fair value approximated the carrying amount.

    Payables due to related parties are described in note 47 — Transactions with related parties.