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5 Other operating income

 1st half 20121st half 2011Changes
Long term construction contracts55,37861,094(5,716)
Operating grants and grants for separated collection8,9127,007 1,905
Capital gains from sale of assets6,786195 6,591
White certificates6,5416,812 (271)
Use and reassessment of provisions2,1462,553 (407)
Portion of capital grants2,0661,941125
Costs reimbursed1,6881,547141
Insurance reimbursements1,224553671
Leases                                                       801677124
Grey certificates 7081,179 (471)
Sale of materials and stocks to third parties292719 (427)
Other revenue 4,5283,424 1,104

The most substantial changes with respect to the same period of the previous year are described below.

"Long-term contracts" include revenues generated from the construction or improvement of infrastructures held under a concession arrangement, in application of IFRIC 12. The reduction, compared to the corresponding previous period, is primarily due to a reduction in investments, as detailed in the comments in the Directors' report.

"Operating grants and grants for separated waste collection". Operating grants, equal to EUR 2,364 thousand (EUR 734 thousand as at 30 June 2011) mainly include incentives paid by GSE (Energy Market Authority) for the production of electricity from renewable sources, amounting to EUR 1,717 thousand. This item reported an increase, compared to 30 June 2011 (EUR 653 thousand), due to the entry into operation of 4 new photovoltaic plants, owned by the acquired and subsequently merged companies, during the first half of 2012, by Hera Energie Rinnovabili Spa.

The contributions from separate waste collection, amounting to EUR 6,548 thousand (EUR 6,273 thousand as at 30 June 2011), primarily relate to the value from packaging (cardboard, iron, plastic and glass) transferred to the consortia of the Conai chain and electrical and electronic equipment sold to Raee (electrical and electronic waste collection centre).

"Capital gains on sales of goods" include EUR 6,625 thousand resulting from the sale of a business area in Viale Berti Pichat in Bologna (non-recurring effect). For further details, reference is made to note 29 "Non-current assets held for sale".

"White certificates" and "Grey certificates" show the revenues recorded for the Compensation Fund of the electricity sector, after energy goals were attained (white certificates) and for the Ministry for the Environment, for the grey certificates mainly pertaining to the cogeneration plant in Casalegno. Specifically, in relation to the latter plant, Decree Law no. 72 of 20 May 2010, later converted with Law no. 111 of 19 July 2010, established that the plants that do not receive free allocation of permits are entitled to monetary repayment.

Item "Use and reassessment of provisions" mainly includes uses for the costs of labour, leachate treatment and resource hour costs as regards Group landfills (EUR 1,468 thousand, compared to EUR 2,372 thousand as at 30 June 2011). Re-assessment of provisions primarily includes the uses of the "provision for sundry risks" in relation to the Mis share for 2007, amounting to EUR 664 thousand.

"Reimbursement of costs" is mainly made up of repayments from companies or entities relating to personnel seconded and the recovery of expenses from customers.

Item "Other revenues" mainly include the recovery of costs for environmental services and relating to the electricity and gas sectors.

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