Economic results by segments

The results by segment are shown on the basis of the approach used by the management to monitor Group performance in the financial years compared in observance of IFRS 8 accounting standards. It is noted that the results of the “Other” area include those deriving from ACEA corporate activities as well as intersectoral adjustment.

2014 Environment Energy Water
Millions of euros Generation Sale Energy Management Intra-segment adjustment Total Segment Italian Water Services Overseas Engineering  Intra-segment adjustment Total Segment
Revenue 129 59 2.047 0 (33) 2.074 641 9 31 (28) 654
Costs 74 26 1.969 0 (33) 1.962 363 7 20 (28) 362
Gross operating profit 55 34 78 0 0 112 278 3 11 0 292
Depreciation and accumulated impairment charges 26 19 88 0 0 107 71 0 0 0 71
Operating profit/(loss) 28 15 (10) 0 0 4 207 2 11 0 221
Investments 13 12 8 0 0 20 147 1 1 0 149

2014 Networks OtherConsolidated total
Millions of euros Distribution Public lighting PV power Intra-segment adjustment Total Segment Corporate Consolidation adjustments
Revenue 486 67 7 (9) 551 123 (473) 3,057
Costs 244 61 2 (9) 298 117 (473) 2,339
Gross operating profit 242 7 4 0 253 6 0 718
Depreciation and accumulated impairment charges 94 1 0 0 95 28 0 327
Operating profit/(loss) 148 6 4 0 158 (21) 0 390
Capex 121 1 0 0 122 14 0 319

2013 RestatedEnvironmentEnergyWater
Millions of eurosGenerationSaleEnergy ManagementIntra-segment adjustmentsTotal SegmentItalian Water ServicesOverseasEngineeringIntra-segment adjustmentsTotal Segment
Revenue 115 61 2,255 889 (40) 3,165 607 12 25 (20) 624
Costs 67 24 2,203 886 (40) 3,073 338 8 17 (20) 343
Gross operating profit 48 37 52 3 0 92 269 4 8 0 281
Depreciation and accumulated impairment charges 28 18 69 1 0 89 74 0 1 0 76
Operating profit/(loss) 20 19 (17) 2 0 3 194 3 7 0 205
Capexs 12 5 6 0 0 11 129 0 1 0 130

2013 RestatedNetworksOther
Millions of eurosDistributionPublic lightingPV powerIntra-segment adjustmentsTotal Segment CorporateConsolidation adjustmentsTotal segment
Revenue 467 127 9 (1) 601 111 (1,297) 3,319
Costs 221 120 3 (1) 344 114 (1,297) 2,644
Gross operating profit 245 6 6 0 257 (3) 0 675
Depreciation and accumulated impairment charges 95 1 1 0 96 24 (1) 312
Operating profit/(loss) 150 5 5 0 161 (26) 1 363
Capex 103 0 0 0 103 12 0 269

It is noted that as from 1 January 2014 the Company Ecogena has been placed under the responsibility of the Energy – Generation segment, after having been in the Networks segment up until 31 December 2013. As from 2014 the company Ecogena is consolidated according to the line-by-line method due to changes to corporate structures.

Revenue in the above tables includes the condensed result of equity investments (of a non-financial nature) consolidated using the equity method.