ACCIONA, S.A. AND SUBSIDIARIES (Consolidated Group ...

At 31 December 2011, as in 2010, there were no firm land purchase commitments.
Property development sales commitments to customers at 31 December 2011 and 2010 amounted
to EUR 34,206 thousand and EUR 57,948 thousand, respectively. Of the amount at 31 December
2011, EUR 13,948 thousand had been collected or was instrumented in notes and bills receivable,
the balancing entry of which is recorded under “Current Liabilities - Trade and Other Payables”
on the liability side of the accompanying consolidated balance sheet until the date of delivery (31
December 2010: EUR 19,089 thousand).
14.- Trade and other receivables
The detail of “Trade and Other Receivables” at 31 December 2011 and 2010 is as follows:
2011 2010
Trade receivables 1,727,648 1,675,232
Doubtful trade receivables 58,058 50,150
Amounts to be billed for construction work 474,420 460,650
Total trade receivables for sales and services 2,260,126 2,186,032
Receivable from associates 13,815 4,446
Sundry accounts receivable 313,688 289,685
Current concessions under the financial asset model (Note 12) 66,527 26,397
Write-downs (180,626) (137,598)
Total trade and other receivables 2,473,530 2,368,962
Customer advances (513,143) (530,885)
Total net balance at 31 December 1,960,387 1,838,077
The breakdown, by business activity, of the balance of trade receivables for sales and services, net
of customer advances, is as follows:
2011 2010
Infrastructure 1,184,436 1,076,112
Real Estate 24,962 (2,253)
Energy 714,809 642,263
Logistics and Transport Services 158,865 157,538
Urban and Environmental Services 330,752 275,850
Other Businesses 193,308 169,446
Intra-Group transactions (646,745) (480,879)
Total net balance at 31 December 1,960,387 1,838,077
The breakdown relating to the construction business is as follows:
2011 2010
Progress billings receivable 925,813 837,150
Amounts to be billed for work performed 423,755 435,966
Sundry accounts receivable 299,100 240,088
Write-downs (86,197) (65,840)
Total construction trade receivables 1,562,471 1,447,364
Customer advances (385,604) (364,939)
Total net balance at 31 December 1,176,867 1,082,425
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