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35 Trade payables

Trade payables 527,667 500,154 27,513
Payables due to suppliers for invoices to be issued513,683521,305-7,622
Payables for advances received14,4779,5704,907
Payables due to non-consolidated subsidiaries81175-94
Payables due to associates5,09517,010-11,915
Total 1,061,003 1,048,214 12,789

“Trade payables”, all of a commercial nature and inclusive of sums set aside to cover invoices due, total Euro 1,041,350 thousand as at 31 December 2010 compared to Euro 1,021,459 thousand as 31 December 2009. 

“Payables for advances received” relate to advances received in relation to tender contracts for environmental reclamation and gas supply.

The key amounts owed to associated companies, again for commercial reasons, are itemised below:

  • Modena Network Spa, Euro 791 thousand;
  • Set Spa, Euro 1,543 thousand;
  • SoSel Spa, Euro 1,753 thousand;
  • Estense Global Service Scarl, Euro 200 thousand;
  • Service Imola Srl, Euro 785 thousand.

The decrease compared to 31 December 2009 is mainly due to the consolidation of Flame Energy Trading Gmbh and to the reduced debt exposure to Set Spa.

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