Financial position and balance

There have been no significant fluctuations in the structure of the company’s balance sheet subsequent to the refinancing of the group’s bank debt in the last fiscal year, through the issue of long-term obligations for an aggregate amount of 775 million euros

Balance
€M 2014 2015
Gas distribution licences 713.4 713.4
Net tangible fixed assets 374.3 369.8
Total Network Fixed Assets 1,087.7 1,083.2
Goodwill 57.4 57.4
Deferred tax asset 32.3 9.6
Other non-current assets 3.4 27.7
Current assets 41 18.5
Cash 55.4 56.1
Total Assets 1,277.2 1,252.4
Equity 436.7 422.1
Subordinated shareholders loan
Long term debt 769 769.9
Deferred tax liability 27.8 7.4
Other non-current liabilities 2 1.8
Current liabilities 41.7 51.2
Total Liabilities & Shareholders equity 1,277.2 1,252.4