Balance sheet

 
 

Dec. 31, 2010

Dec. 31, 2011
(€ million) Note Total of which with related parties Total of which with related parties
ASSETS  
 
 
 
 
Current assets  
 
 
 
 
Cash and cash equivalents (1) 930 509 1,029 572
Trade and other receivables (2) 4,330 1,073 3,504 880
Inventories (3) 791  
1,353  
Current tax assets (4) 72  
78  
Other current tax assets (5) 218  
256  
Other current assets (6) 275 165 498 240
Total current assets  
6,616  
6,718  
Non-current assets  
 
 
 
 
Property, plant and equipment (7) 7,403  
8,024  
Intangible assets (8) 760  
752  
Investments accounted for using the equity method (9) 115  
109  
Other investments (10) 2  
1  
Other financial assets (11) 3  
2  
Deferred tax assets (12) 90  
100  
Other non-current assets (13) 39  
146  
Total non-current assets  
8,412  
9,134  
TOTAL ASSETS  
15,028  
15,852  
LIABILITIES AND SHAREHOLDERS’ EQUITY  
 
 
 
 
Current liabilities  
 
 
 
 
Short-term debt (14) 1,002 875 956 826
Current portion of long-term debt (19) 327 126 766 765
Trade and other payables (15) 5,814 344 5,341 246
Income tax payables (16) 166  
244  
Other current tax liabilities (17) 107  
150  
Other current liabilities (18) 149 132 506 494
Total current liabilities  
7,565  
7,963  
Non-current liabilities  
 
 
 
 
Long-term debt (19) 2,887 2,687 2,576 2,376
Provisions for contingencies (20) 164  
209  
Provisions for employee benefits (21) 193  
200  
Deferred tax liabilities (22) 55  
79  
Other non-current liabilities (23) 10 8 2 -
Total non-current liabilities  
3,309  
3,066  
TOTAL LIABILITIES  
10,874  
11,029  
SHAREHOLDERS’ EQUITY  
 
 
 
 
Minority interest (24) 94  
114  
Saipem Shareholders’ equity: (25) 4,060  
4,709  
- share capital (26) 441  
441  
- share premium reserve (27) 55  
55  
- other reserves (28) 46  
23  
- retained earnings  
2,758  
3,342  
- net profit for the year  
844  
921  
- treasury shares (29) (84)  
(73)  
Total Shareholders’ equity  
4,154  
4,823  
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY  
15,028  
15,852