to download Telecom Italia Annual Report 2011 - Company Reporting

Note 11 – Trade and miscellaneous
receivables and other current assets
Trade and miscellaneous receivables and other current assets decreased 225,917 thousand euros
compared to December 31, 2010 and are composed of the following:
(thousands of euros) 12/31/2011 of which IAS 39
Financial
Instruments
12/31/2010 of which IAS 39
Financial
Instruments
Amounts due on construction contracts 48,486 35,136
Trade receivables:
Receivables from customers 2,687,942 2,687,942 2,800,952 2,800,952
Receivables from other telecommunications
operators 1,200,381 1,200,381 1,243,679 1,243,679
Receivables from subsidiaries 159,477 159,477 193,637 193,637
Receivables from associates and joint ventures 35,504 35,504 37,267 37,267
Receivables from other related parties 60,512 60,512 71,390 71,390
Customer collections pending credit 18,215 18,215 24,779 24,779
4,162,031 4,162,031 4,371,704 4,371,704
Miscellaneous receivables and other current
assets:
Receivables from subsidiaries 31,226 673 42,963 176
Receivables from associates - - 7 1
Receivables from other related parties 61,687 61,687 52,418 52,414
Other receivables 393,057 176,293 376,669 155,850
Trade and miscellaneous prepaid expenses 350,052 393,559
836,022 238,653 865,616 208,441
Total 5,046,539 4,400,684 5,272,456 4,580,145
Further details on Financial Instruments are provided in the Note “Supplementary disclosure on financial
instruments”.
The ageing of financial instruments included in trade and miscellaneous receivables and other current
assets at December 31, 2011 and December 31, 2010 is as follows:
Overdue:
(thousands of euros) 12/31/2011 Total
current
Total
overdue
0-90 days 91-180 days 181-365
days
More than
365 days
Trade and miscellaneous
receivables and other
current assets 4,400,684 3,200,248 1,200,436 242,813 156,032 168,862 632,729
(thousands of euros) 12/31/2010 Total
current
Total
overdue
Overdue:
0-90 days 91-180 days 181-365
days
More than
365 days
Trade and miscellaneous
receivables and other
current assets 4,580,145 3,470,008 1,110,137 201,707 108,600 142,960 656,870
The decrease in current receivables compared to December 31, 2010 (269,760 thousand euros) is
mostly due to the trend of sales.
The increase in overdue receivables compared to December 31, 2010 (90,299 thousand euros) is in
categories with fewer days overdue and, in particular, refers to credit positions regarded as having a low
degree of uncollectibility. Instead, there is a decrease (24,141 thousand euros) in amounts overdue
more than 365 days.
Telecom Italia S.p.A. Separate Financial Statements Note 11 – Trade and miscellaneous receivables and other current assets 346