13 Trade and other payables
Trade payables and other payables, with an amount up to €1,377 million (€1,746 million at 31 December 2015) break down as follows:
| Download XLS (16 kB) |
(millions of €) |
31.12.2015 |
30.06.2016 |
Trade payables |
694 |
608 |
Payables for investment activities |
468 |
341 |
Other payables |
584 |
428 |
|
1,746 |
1,377 |
Trade receivables (€608 million; €694 million at 31 December 2015) mainly relating to the natural gas transportation (€390 million, including €291 million relating to gas balancing activities), natural gas distribution (€121 million), and storage (€48 million) business segments.
Payables for investment activities (€341 million, including €4 million expiring after the incurring period; €468 million at 31 December 2015) mainly referring to the natural gas transportation (€196 million), distribution (€68 million) and storage (€48 million) business segments.
Other payables (€428 million; €584 million at 31 December 2015) break down as follows:
| Download XLS (16 kB) |
(millions of €) |
31.12.2015 |
30.06.2016 |
Other payables |
584 |
428 |
- Payables to the Electricity Equalisation Fund (CSEA) |
418 |
283 |
- Payables to employees |
54 |
41 |
- Payables to the government |
42 |
26 |
- Payables to pension and social security institutions |
32 |
30 |
- Payments on account and advances |
3 |
3 |
- Other |
35 |
45 |
|
584 |
428 |
Payables to the CSEA (€283 million) mainly relating to accessory tariff components related to the natural gas transportation (€258 million) and distribution (€21 million) business segments.
Payables to the government (€26 million) primarily involving payables to municipalities for concession fees for the distribution business.
The item “Other” refers mainly to payables for fees on municipal concessions in the natural gas distribution segment (€23 million).
Note 27 “Related-party transactions” contains information about payables due to related parties.
The book value of trade and other payables is close to the relative fair value measurement, given the short period of time between when the payable arises and its due date.