Consolidated Statement of Cash Flows pursuant to Consob Resolution No. 15519 of 27 July 2006

  2013 2012
(€ million)NoteTotalof which Related Parties  (Note 31)Totalof which Related Parties  (Note 31)
A) CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR (21) 17,657   17,526  
B) CASH FLOWS FROM/(USED IN) OPERATING ACTIVITIES DURING THE YEAR:          
Profit/(loss) for the period   1,951   896  
Amortization and depreciation   4,574   4,134  
(Gains)/losses on disposal of:          
Property, plant and equipment and intangible assets   31   14  
Investments   (8)   91  
Other non-cash items (32) 522 6 562 9
Dividends received   92 92 89 89
Change in provisions   444 1 77 1
Change in deferred taxes   (1,578) - (72) -
Change in items due to buy-back commitments (32) 92 2 (51) 2
Change in operating lease items (32) 1 - (10) -
Change in working capital   1,468 79 714 (90)
TOTAL   7,589   6,444  
C) CASH FLOWS FROM/(USED IN) INVESTING ACTIVITIES:          
Investments in:          
Property, plant and equipment and intangible assets (32) (7,44) - (7,534) -
Investments in consolidated subsidiaries   (19) - - -
Other investments   (212) -211 (24) (20)
Proceeds from the sale of:           
Property, plant and equipment and intangible assets   43 - 118 -
Other investments   5 - 21 -
Net change in receivables from financing activities   (449) 17 (24) (7)
Change in current securities   (10) - (64) -
Other changes   (4) - (30) -
Total   (8,086)   (7,537)  
D) CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES:          
Issuance of bonds   2,866 - 2,535 -
Repayment of bonds   (1) - (1,45) -
Issuance of other medium-term borrowings   3,188 - 1,925 -
Repayment of other medium-term borrowings   (2,549) - (1,528) -
Net change in other financial payables and other financial assets/liabilities   686 191 197 (34)
Increase in share capital   4 - 22 -
Dividends paid   (1) - (58) (11)
Distribution for tax withholding obligations on behalf of non-controlling interests (“NCI”)   (6) - - -
TOTAL   3,188   1,643  
Translation exchange differences   (909)   (419)  
E) TOTAL CHANGE IN CASH AND CASH EQUIVALENTSE) TOTAL CHANGE IN CASH AND CASH EQUIVALENTS   1,782   131  
F) CASH AND CASH EQUIVALENTS AT END OF THE YEAR AS REPORTED (21) 19,439   17,657