Annual Report 2010 - Enel.com
Annual Report 2010 - Enel.com
Annual Report 2010 - Enel.com
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22. Trade receivables - €12,505 million<br />
Millions of euro<br />
at Dec. 31, at Dec. 31, 2009<br />
<strong>2010</strong> restated <strong>2010</strong>-2009<br />
Customers:<br />
- sale and transport of electricity 10,343 11,020 (677)<br />
- distribution and sale of natural gas 1,788 1,284 504<br />
- other activities 264 630 (366)<br />
Total 12,395 12,934 (539)<br />
Trade receivables due from associates 45 44 1<br />
Receivables for contract work in progress 65 32 33<br />
TOTAL 12,505 13,010 (505)<br />
Trade receivables from customers are recognized net of<br />
allowances for doubtful accounts, which totaled €1,349<br />
million at the end of the year, as <strong>com</strong>pared with an opening<br />
balance of €934 million. The following table shows the<br />
changes in these allowances.<br />
23. Tax receivables - €1,587 million<br />
Tax receivables at December 31, <strong>2010</strong>, totaled €1,587 million<br />
and are essentially related to in<strong>com</strong>e tax credits in<br />
the amount of €819 million (€523 million at December<br />
31, 2009), credits for indirect taxes in the amount of €446<br />
24. Current financial assets - €11,922 million<br />
Millions of euro<br />
Total at January 1, 2009 726<br />
Accruals 547<br />
Utilization (298)<br />
Other changes (41)<br />
Total at December 31, 2009 restated 934<br />
Accruals 717<br />
Utilization (214)<br />
Other changes (88)<br />
Total at December 31, <strong>2010</strong> 1,349<br />
million (€450 million at December 31, 2009), and receivables<br />
for other taxes and tax surcharges in the amount of<br />
€211 million (€240 million at December 31, 2009).<br />
Millions of euro<br />
at Dec. 31, at Dec. 31, 2009<br />
<strong>2010</strong> restated <strong>2010</strong>-2009<br />
Short-term portion of long-term financial receivables 9,290 767 8,523<br />
Receivables for factoring advances 319 304 15<br />
Derivative contracts 845 770 75<br />
Other securities 95 97 (2)<br />
Financial receivables and cash collateral 718 893 (175)<br />
Other 655 1,355 (700)<br />
Total 11,922 4,186 7,736<br />
“Short-term portion of long-term financial receivables”<br />
essentially consists of the financial receivable in respect<br />
of the Spanish electricity system deficit in the amount<br />
of €9,186 million (€739 million at December 31, 2009)<br />
and reclassified to this item following the establishment<br />
of a mechanism to allow receivables to be collected (in<br />
205
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