5. Restatement of comparative disclosures


The figures presented in the comments and tables of the notes to the financial statements are consistent and comparable between 2018 and 2019.
Note that in the light of the introduction of the new accounting policy for the recognition of contracts for the sale and purchase of non-financial items that are accounted for at fair value through profit or loss in accordance with IFRS 9 and settled with physical delivery, analogous reclassifications of the comparative balances for 2018 have been performed to ensure the uniformity and comparability of the figures. These reclassifications had no impact on margins or on shareholders’ equity. Please see paragraph 4.3 for further details.
With regard to disclosures for operating segments, beginning with the close of the accounts at September 30, 2019, the Enel Group has changed its primary and secondary reporting segments in accordance with the provisions of IFRS 8. Specifically, bearing in mind that in 2019 management, understood as the highest operational decision-making level for the purpose of taking decisions on the resources to be allocated to the segment and of measuring and evaluating the results, has begun to report performance by business area, the Group has therefore adopted the following reporting sectors:

  • primary sector: business area; and 
  • secondary sector: geographical area. 

The business area is therefore the main discriminant in the analyzes performed and decisions taken by the management of the Enel Group, and is fully consistent with the internal reporting prepared for these purposes since the results are measured and evaluated first and foremost for each business area and only thereafter are they broken down by country.
The new business structure is organized as follows: Thermal Generation and Trading, Enel Green Power, Infrastructure and Networks, End-user Markets, Enel X, Services and Holding/ Other.
Finally, it should be noted that with effect from September 2019, the Latin America area connected with the Enel Green Power business area also includes the countries Panama, Costa Rica, Guatemala, El Salvador and Nicaragua, which had previously been reported in the North and Central America geographical area (now renamed North America and consisting of the following countries: United States, Canada and Mexico). In order to ensure full comparability of the figures commented here in the light of the new breakdown of the primary and secondary reporting sectors for IFRS 8 disclosure purposes and of the reallocation of countries in the Enel Green Power segment, the comparative figures for 2018 have been adjusted appropriately.