Consolidated net revenue

As at 31 December 2012 these amounted to 3,591,922 thousand euros (3,271,945 thousand euros at 31 December 2011), representing an increase of 319,978 thousand euros (9.8%) over the previous year, and are broken down as follows.

€ thousand 31.12.2012 31.12.2011 Absolute increase/ (Decrease) Increase/ (decrease) %
Revenue from sales and services 3,522,752 3,213,805 308,947 9.6%
Other revenues and proceeds 69,170 58,140 11,030 19.0%
Consolidated net revenue 3,591,922 3,271,945 319,978 9.8%

The change is essentially a result of:

  • the increase in revenues from the sale of electricity and gas by 276,864 thousand euros, due to the change in the basis of consolidation and higher average sale prices mitigated by the decrease in quantities sold,
  • the increased revenue from water services in Italy and overseas (+76,879 thousand euros). Revenues were calculated based on the application of the new temporary tariff method (MTT) for determining tariffs for 2012 and 2013, as approved by the Authority (AEEG) with resolution no. 585/2012/idr of 28 December 2012 and the recognition of tariff adjustments of ACEA Ato2 and GORI totalling 45,239 thousand euros, deriving from the difference between the operator’s guaranteed and actual revenues;
  • due to the effect of increased income from green certificates (+11,217 thousand euros) and white certificates (+6,536 thousand euros in total);
  • the increased revenues relating to ARIA Group companies (+3,169 thousand euros) from operations at the San Vittore plant, due to operational start-up of the plant’s second and third production lines from April and July 2011, respectively,
  • the decrease in other revenue items (-55,591 thousand euros) mainly as a result of the decrease in revenue from customer services following the decrease in marketing activities and turnkey supply of photovoltaic panels by ARSE.