Half-yearly financial Report at June 30, 2013 - A2A

Half-yearly financial report at June 30, 2013Notes to the balance sheet5) Other non-current assetsMillions of euro Balance at Changes in Balance at of which included in the NFP12 31 2012 the period 06 30 201312 31 2012 06 30 2013Non-current derivatives 70 (11) 59 70 59Other non-current assets 19 1 20 - -Total other non-current assets 89 (10) 79 70 5976“Other non-current assets” amounted to 79 million euro, a decrease of 10 million euro overthe balance at December 31, 2012, and consist of the following:• 59 million euro relating to “Derivatives” hedging non-current financial items consistingmainly of Interest Rate Swap (IRS) contracts hedging the risk of an adverse change ininterest rates on bonds and long-term loans. The decrease in this item compared toDecember 31, 2012 is mostly due to the reclassification from “Other non-current assets” ofa portion of certain derivatives relating to the 1,000 million euro bond due 2016 andredeemed early on July 11, 2013 in line with the partial redemption of the bond itself, asdescribed further in the section “Significant events for the Group after June 30, 2013”;• 20 million euro for “Other non-current assets” (19 million euro at December 31, 2012),principally relating to guarantee deposits and expenditure incurred but relating to futureyears.Current assets6) InventoriesMillions of euro Balance at Changes Balance at12 31 2012 in the period 06 30 2013Inventories 340 (77) 263“Inventories” amounted to 263 million euro (340 million euro at December 31, 2012), adecrease of 77 million euro over the period, which may be analyzed as follows:• 104 million euro relating to the decrease in fuel stocks, which at the balance sheet datetotaled 127 million euro compared to 231 million euro at December 31, 2012;• materials which totaled 72 million euro at June 30, 2013, unchanged over December 31,2012;• 24 million euro relating to an increase in other stocks, which amounted to 58 million euro atJune 30, 2013 against 34 million euro at December 31, 2012;• 3 million euro arising from an increase in payments on account, which amounted to 6 millioneuro at June 30, 2013 and 3 million euro at December 31, 2012.