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

Half-yearly financial report at June 30, 2013Notes to the balance sheet7) Trade receivablesMillions of euro Balance at Changes Balance at12 31 2012 in the period 06 30 2013Trade receivables 2.220 (42) 2.178(Bad debt provision) (313) (16) (329)Total trade receivables 1.907 (58) 1.849“Trade receivables” amounted to 1,849 million euro at June 30, 2013 (1,907 million euro atDecember 31, 2012), representing a net decrease of 58 million euro. In further detail:• 102 million euro due to a decrease in trade receivables from customers; this item had abalance of 1,703 million euro at the balance sheet date compared to 1,805 million euro atDecember 31, 2012;• 48 million euro due to an increase in receivables from the Municipalities of Milan andBrescia. This item had a balance of 133 million euro at June 30, 2013 (85 million euro at theend of the previous year);• 4 million euro due to a decrease in receivables from associates; this item had a balance of 7million euro at the balance sheet date compared to 11 million euro at December 31, 2012.77Trade receivables include an amount of approximately 60 million euro due to EPCG by a largeenergy customer opearing in Montenegro for the supply of electricity both directly andindirectly through another company controlled by the Montenegro government. Given thatthe energy customer is in special administration, agreements are in progress between EPCGand the Montenegro government aimed at recovering these receivables, including by menasof offsetting the payables due by EPCG to the Montenegro state.During the period the Group sold receivables of 280 million euro without recourse to afactoring company. A total of 152 million euro had still to be collected at the date of theapproval of the Half-yearly report.The bad debt provision amounted to 329 million euro at June 30, 2013 (313 million euro atDecember 31, 2012). Accruals of 24 million euro were made during the period while utilizationsand other changes amounted to 8 million euro.8) Other 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 2013Current derivatives 27 74 101 8 28Other current assets 291 81 372 - -Total other current assets 318 155 473 8 28