Page 80 - KELAG Annual Report 2017
P. 80

CARRYING AMOUNT AS OF
            1/1/2016                             39.4          14.6           35.1
            Addition                              0.6           1.5           15.3
            Unwinding of the discount             0.3           0.2            0.0
            Utilisation                           6.1           1.3            2.6
            Reversal                              0.0           0.0            0.6

            CARRYING AMOUNT AS OF
            31/12/2016 / 1/1/2017                34.2          15.1           47.2
            Addition                              7.8           0.2            6.7
            Unwinding of the discount             0.0           0.1            0.0
            Utilisation                           6.6           1.3            2.2
            Reversal                              0.8           0.4            6.0
            CARRYING AMOUNT AS OF
            31/12/2017                           34.6          13.8           45.7



           For more details on other non-current provisions, please refer to the explanations on estimation
           uncertainty.


           In the Electricity business division, EUR 39.4m pertained to construction cost subsidies for the grid
           (prior year: 39.3m) and EUR 40.3m to construction cost subsidies for connection costs (prior year:
           EUR 41.0m). Since 2007, the construction cost subsidies have been amortised at a rate of 5% and
           offset against revenue in accordance with Sec. 3 (6) SNE-VO (system user charge ordinance) 2006.
           The current portion of construction cost subsidies to be released through profit or loss comes to
           EUR 9.5m (prior year: EUR 9.5m).


           Of the total non-current other liabilities an amount of EUR 46.2m (prior year: EUR 47.6m) primarily
           consists of prepaid electricity purchase costs, non-current deferred income from connecting fees
           and sundry other liabilities.
   75   76   77   78   79   80   81   82   83   84   85