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Results by business area for 2016 and 2015

Results for 2016 (1)

 Millions of euroItalyIberia
Latin
America
Europe
and Nord Africa
Nord and
Central
America
Sub-Saharan Africa
and Asia
Other,
eliminations
and adjustments
Total
Revenue from third parties36,08118,83110,7393,6181,1222917270,592
Revenue from transactions with
other segments
876122291803-(1,210)-
Totale revenue36,95718,95310.7683,7981,12529(1,038)70,592
Net income/(expense) from
commodity contracts measured at fair value
(266)1319(6)(1)--(133)
Gross operating margin6,6793,5623,55676283314(130)15,276
Depreciation, amortization and
impairment losses
2,2921,7961,393476268191116,355
Operating income4,3871,7662,163286565(5)(241)8,921
Capital expenditure1,8831,1473,069265 (2)1,83230452 (3)8,552

(1) Segment revenue include both revenue from third parties and revenue flows between the segments. An analogous approach was taken for other income and costs for the year.
(2) Does not include €283 million regarding units classified as “held for sale”.
(3) Does not include €7 million regarding units classified as “held for sale”.

Results 2015 restated (1)

Millions of euroItalyIberiaLatin
America
Europe and Nord AfricaNord and Central AmericaSub-Saharan Africa
and Asia
Other, eliminations and adjustmentsTotal
Revenue from third parties39,25220,02110,8184,645879182575,658
Revenue from transactions with
other segments
1,475463103453-(2,296)-
Totale revenues40,72720,48410,8284,99088218(2,271)75,658
Net income/(expense) from commodity contracts measured at fair value1851(4)(17)(2)-5168
Gross operating margin6,9163,3533,3061,4515757(311)15,297
Depreciation, amortization and impairment losses2,3281,8809862,02023731587,612
Operating income4,5881,4732,320(569)3384(469)7,685
Capital expenditure1,843 (2)1,0012,937249 (3)720311527,113

(1) Segment revenue include both revenue from third parties and revenue flows between the segments. An analogous approach was taken for other income and costs for the year.
(2) Does not include €1 million regarding units classified as “held for sale”.
(3) Does not include €648 million regarding units classified as “held for sale”.

In addition to the foregoing, the Group monitors performance at the global Division level, classifying results by business line. The following table presents the gross operating margin for the two periods under review, offering visibility of performance not only from a Region/Country perspective but also by Division/business line.

 Local businesses   
Millions of euroEnd-user marketsServicesGeneration and Trading
20162015 restated2016-201520162015 restated2016-201520162015 restated2016-2015
Italy1,9321,3365961053273(18)184(202)
Iberia677557120(93)(46)(47)81278032
Latin America---(118)(75)(43)748341407
Argentina------987622
Brazil---(36)(29)(7)735617
Cile---(82)(46)(36)40053347
Colombia------511734
Peru------126139(13)
Other countries---------
Europe and North Africa25121313(2)3731,040(667)
Romania3019 13(2)(1)(1)-
Russia -- ---18616422
Slovakia -- ---191871(680)
Other countries (7) 2---(3)6(9)
North and Central America - ------
United States and Canada - ------
Mexico - ------
Panama - ------
Other countries - ------
Sub-Saharan Africa and Asia - ------
South Africa - ------
India - ------
Other - (1)1(2)(54)(42)(12)
Total 1,905 (106)(85)(66)1,8612,303(702)

Global Divisions      
Infrastructure and NetworksRenewablesOtherTotal
20162015
restated
Change20162016-2015Change20162015
restated
Change20162015
restated
Change
3,6203,933(313)1,0401,431(391)---6,6796,916           (237)
1,8151,643172351419(68)---3,5623,353           209
1,4291,400                 291,4971,640(143)---3,5563,306250
155165(10)2338(15)---276279(3)
4333726119913762---669536133
252266(14)634762(128)---1,2041,035169
398406(8)531547(16)---98097010
191191-102154(52)---419484(65)
---826---826
225260(35)1381362---7621,451(689)
225260(35)84831---339364(25)
---------18616422
---------191871(680)
---54531---4652(6)
---833575258---833575258
---587351236---587351236
---955441---955441
---93116(23)---93116(23)
---58544---58544
---1477---1477
---46(2)---46(2)
---1019---1019
(13)6(19)(59)(97)38(3)(179)176(130)(311)181
7,0767,242(172)3,8144,111(173)(3)(179)17615,27615,297(21)