6. Income/(Charges) from equity investments of a non-financial nature – 18,822 thousand euros

As described in the section "Effects from adoption of IFRS10 (Consolidated Financial Statements) and IFRS11 (joint control arrangements)" in this document, this item is the consolidated result according to the equity method that is included among the components of the consolidated gross operating profit. The breakdown of this item is detailed below:

€ thousand31.12.201431.12.2013 RestatedIncrease / (Decrease)
MOL 125,714 122,273 3,441
Amortisation, depreciation, impairment charges and provisions (82,353) (71,064) (11,289)
Financing activities (9,717) 2,008 (11,726)
Taxation (14,822) (22,908) 8,086
Income from equity investments of a non-financial nature 18,822 30,309 (11,487)

The decrease compared to 31 December 2013 was mainly due:

  • in terms of gross operating profit, the recognition in 2013 of higher revenue (12,800 thousand euros) pertaining to 2012 with particular reference to the NIF (New Investments Fund) approved by the Area Authorities in 2013;
  • in terms of financial management the recognition in 2013 of the 14,389 thousand euros financial income deriving from the discounting of GORI's debt with the Campania Regional Government: note that in June 2013 GORI, the Area Authority and the Campania Regional Government signed an Agreement, among other things, to determine the debt for the purchase of water as 212 million euros (Group share 78.6 million euros) and define a 20-year repayment plan with interest applied from the eleventh year.

Net of these extraordinary effects, the trend for the period is substantially in line with 2013.

The details of the assessments of the companies are shown below.

€ thousand31.12.201431.12.2013 RestatedIncrease / (Decrease)
Publiacqua 7,209 14,135 (6,925)
Gruppo Acque 6,329 2,515 3,814
Acquedotto del Fiora 3,455 3,462 (7)
Umbra Acque 17 122 (105)
Gori 69 10,464 (10,395)
Nuove Acque and Intesa Aretina 242 123 119
Agua Azul 742 512 230
Voghera Energia Vendite in liquidation (357) (343) (14)
Ingegnerie Toscane 970 (106) 1,076
Ecomed in liquidation 145 (368) 513
Ecogena 0 (204) 204
Apice in liquidation 0 (24) 24
Total 18,822 30,289 (11,467)

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