Millions of euro
(1) The 2018 figures have been adjusted to take account of the interpretations of the International Financial Reporting Interpretations Committee (IFRIC) contained in the Agenda Decision of March 2019, which involved changes in the classification, with no impact on margins, of the effects of purchase and sales contracts for commodities measured at fair value through profit or loss (for more details, see note 4.3 of the consolidated financial statements).
Purchases of electricity, gas and other fuels decreased by €3,509 million in 2019 mainly due to the reclassifications in response to the IFRIC Agenda Decision of March 2019 concerning the recognition of non-financial transactions for physical deliveries within the scope of IFRS 9. For more information, see paragraph 4.3 of the notes to the consolidated financial statements.
This reduction, under “fuels”, also includes the €206 million in impairment losses on fuel inventories associated with the coal-fired plants subject to impairment in Italy and Spain.