33. Assets and disposal groups classified as held for sale - €101 million and €3 million

 

Changes in assets held for sale during 2019 can be broken down as follows:

Millions of euro

      
 

at Dec. 31, 2018

Reclassification from/to current and non-current assets

Disposals and changes in scope of consolidation

Impairment losses

Other changes

at Dec. 31, 2019

Property, plant and equipment

611

413

(879)

(124)

(7)

14

Intangible assets

5

13

(7)

(6)

2

7

Goodwill

23

-

(23)

-

-

-

Investments accounted for using the equity method

-

80

-

-

-

80

Other non-current assets

1

-

(1)

-

-

-

Cash and cash equivalents

21

-

(33)

-

12

-

Inventories, trade receivables, and other current assets

27

-

(22)

-

(5)

-

Total

688

506

(965)

(130)

2

101

 

Changes in liabilities in 2019 were as follows:

Millions of euro

    
 

at Dec. 31, 2018

Disposals and changes in scope of consolidation

Other changes

at Dec. 31, 2019

Long-term borrowings

99

(100)

1

-

Provisions for risks and charges, non-current portion

1

(2)

1

-

Other non-current liabilities

5

(2)

-

3

Short-term borrowings

284

-

(284)

-

Other current financial liabilities

2

(1)

(1)

-

Trade payables and other current liabilities

16

(11)

(5)

-

Total

407

(116)

(288)

3

Assets and liabilities held for sale at December 31, 2019, therefore amount to €101 million and €3 million respectively and mainly regard the value of a number of hydro shareholdings measured using the equity method and held by EGPNA (now Enel North America) and the Rionegro plant in Colombia, which, following decisions by management, meet the requirements of IFRS 5 for classification within this aggregate. The change for the period essentially concerns the sale of a number of renewable energy companies in Brazil that were previously classified as held for sale and the Reftinskaya GRES plant, which was classified in this aggregate in 2019 and sold in the 4th Quarter of 2019.