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28 Other non-current liabilities

Other non-current liabilities of €691 million (€624 million at 31 December 2012) comprise:

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(€ million)

31.12.2012

31.12.2013

Prepaid income from regulated activities

281

286

Derivatives:

 

 

- Fair value of derivatives

 

6

 

 

 

Other non-current liabilities:

 

 

- Deferred and prepaid revenue and income

314

311

- Prepaid contributions for connecting to the transportation network

3

3

- Other liabilities

26

85

 

343

399

 

624

691

Prepaid income from regulated activities (€286 million) relates to: (i) the non-current portion of payments for balancing and stock replenishment invoiced in 2011, 2012 and 2013 (€179 million) to be returned to service users based on the provisions of Resolution 50/06 of the Electricity and Gas Authority, and (ii) the non-current portion of transportation revenue invoiced in excess of the restriction established by the Regulator and penalties charged to service users that exceeded the committed capacity (€107 million); this amount is to be adjusted based on the provisions of Resolution 166/05 of the Electricity and Gas Authority.

Deferred and prepaid revenue and income (€311 million) refers to: (i) fees for the use of strategic gas withdrawn and not replenished by users under the terms of the Storage Code (€295 million); and (ii) the non-current portion of the prepaid fee for the concession to use fibre optic cables given to a telecommunications operator (€16 million).

Other liabilities (€91 million) refer essentially to security deposits paid by users of the balancing service pursuant to Resolution ARG/gas 45/11 (€79 million).

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