Net invested capital
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Glossary

Net invested capital

Net investments of an operational nature, represented by the sum of net working capital, fixed assets, provisions for employee benefits and assets and liabilities held for sale.

  • Cash Flow

    Cash and cash equivalents generated by an entity over a certain period of time.
  • Cathode Protection

    Method of protection against corrosion for pipelines
  • Comprehensive income

    Includes both net income for the period and changes in equity, which are recognised in equity in accordance with international accounting standards.
  • Controllable fixed costs

    Fixed operating costs of regulated activities.
  • Core business revenue

    Income from selling goods and/or providing services that are integral to the core business.
  • Corporate Governance

    Set of rules that monitor and direct the management and control of an entity.
  • Derivatives

    Financial instruments with a price/yield profile that derives from the price/yield parameters of other major instruments.
  • Dividend

    Payment to shareholders.
  • Dividend payout

    Ratio between the dividend and net profit for the period.
  • EBIT

    Difference, in a given period, between sales, services revenues, other revenue, operating costs, amortisation, depreciation and impairment losses.
  • EBITDA

    Used by Snam in its internal and external presentations.
  • Energy efficiency

    Energy efficiency policies
  • Entry point (NN)

    Each of the points or local group of physical points of the National Gas Pipeline Network at which gas is delivered by the User to the Transporter.
  • Excise Duty

    Indirect tax
  • Gas Day

    Period of 24 consecutive hour
  • Gas pipeline

    Pipeline used for the transportation of natural gas
  • Inch

    Equal to 2.54 cm
  • Injection phase

    Period from 1 April to 31 October of the same year.
  • Investments

    Costs incurred for the acquisition of long-term assets where the useful life does not expire over one reporting period.
  • Phytodepuration

    Closed cycle phytodepuration systems fot the treatment of domestic wastewater at gas compressor stations
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updated
17 July 2017 - 11:12 CEST