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SIC 29 'Disclosure - service concession arrangements'

Eni SpA Period End 31 December 2006

Submitted by Company Reporting on Thu, 2007-07-12 23:00
  • Eni
  • S&P Europe 350
  • Italy
  • Accounting policies
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  • IAS 1 'Presentation of financial statements'
  • IAS 8 (revised) 'Accounting policies, changes in accounting estimates and errors'
  • IAS 19 'Employee benefits'
  • IAS 32 'Financial instruments: disclosure and presentation'
  • IAS 36 'Impairment of assets'
  • IAS 37 'Provisions, contingent liabilities and contingent assets'
  • IFRIC 12 'Service concession arrangements'
  • IFRS 3 'Business combinations'
  • Minority interests
  • Pensions
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  • Service concession arrangements
  • SIC 29 'Disclosure - service concession arrangements'
  • Tangible fixed assets

No accounting for legal battle over expropriated assets

Italian energy company Eni discloses that €629 million assets in Venezuela have been expropriated following unilateral termination of a service agreement, but recognises no impairment in expectation of legal redress.

 

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