14 Other current and non-current liabilities
Other current liabilities, with an amount up to €52 million (€71 million at 31 December 2015), and other non-current liabilities, with an amount up to €335 million (€293 million at 31 December 2015), break down as follows:
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31.12.2015 |
30.06.2016 |
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(millions of €) |
Current |
Non- current |
Total |
Current |
Non- current |
Total |
Other liabilities from regulated activities |
57 |
149 |
206 |
38 |
164 |
202 |
Market value of derivative financial instruments |
|
1 |
1 |
|
|
|
Other liabilities |
14 |
143 |
157 |
14 |
171 |
185 |
- Prepaid revenue and income |
5 |
18 |
23 |
5 |
17 |
22 |
- Prepaid contributions for connecting to the transportation network |
|
4 |
4 |
|
5 |
5 |
- Other |
9 |
121 |
130 |
9 |
149 |
158 |
|
71 |
293 |
364 |
52 |
335 |
387 |
Liabilities from regulated activities (€202 million; €206 million at 31 December 2015), related to:
- the transportation segment (€163 million) due to the natural gas transportation revenue invoiced in excess of the restriction established by the regulator and penalties charged to users who exceeded the committed capacity; this amount is to be returned through tariff adjustments pursuant to Resolution 166/05 of the Authority. The current and non-current portions with amounts of €38 million and €125 million respectively.
- the storage segment (€39 million) due to payments for balancing and stock replenishment, to be returned to service users pursuant to Resolution 50/06 of the Authority. The amount corresponds entirely to the non-current portion, unchanged from 31 December 2015.
The market value of derivative financial instruments as of 30 June 2016, is analysed in Note 8 “Other current and non-current assets” to which reference is made.
The item “Other liabilities” (€185 million; €157 million at 31 December 2015) essentially comprises:
- liabilities for prepaid revenue and income (€22 million) relating mainly to the current and non-current portion of the prepaid fee for the concession to use fibre-optic cables given to a telecommunications operator (€2 million and €11 million, respectively).
- other liabilities mainly relating to: (i) guarantee deposits paid as collateral by users of the balancing service, pursuant to Resolution ARG/gas 45/11 (€60 million), and (ii) the higher quantities of fuel gas allocated by users in previous years pursuant to Resolution ARG/gas 184/09 compared to the quantities actually used in those years, equalised by reducing the quantities allocated by users. The current and non-current portions with amounts of €9 million and €82 million respectively.