Page 101 - 2board23full
P. 101
4.14 Construction works in progress 2007 2006 Restated
Analysis of construction works in progress 6.76.16 .19.005
6.763.126 3.129.005
Construction works in progress
Total construction works in progress
Construction works in progress mainly refer to additions and improvements on the existing infrastructure
assets such as technical works, building and facilities, roads etc. These assets will be returned to the Grantor
at the end of the Concession Period, together with all other infrastructure assets as described in note 1.
Upon the completion of the construction, such assets related to the infrastructure, will increase the cost
of the concession intangible asset.
4.15 Trade receivables 2007 2006 Restated
Trade receivable accounts are analysed as follows: 110.774.016 107.81.18
Analysis of trade receivable accounts 85.470
1.8 575.68
Domestic customers 64.188 4.48.916
Foreign customers 5.8.79 (49.708.189)
Greek state & public sector (69.909.5) 67.1
Accrued property rentals & other income 0.71 83.860.106
Impairment of financial assets 67.042.362
Other
Total trade receivable accounts
All receivables are initially measured at their fair value, which is equivalent to their nominal value, since
the Company extends to its customers short-term credit. Should any of the trade receivable accounts
exceed the approved credit terms, the Company charges such customers default interest, (that is, interest
on overdue accounts) at 6 months Euribor interest rate plus a pre-determined margin, as stipulated in the
respective customer agreements. Such interest is only recognised when it is probable that the income will
be collected.
During 007, an additional impairment loss for anticipated credit losses of €0.01.16 (006: € 1.888.67)
was recognised as an expense in the income statement, resulting in an accumulated impairment loss as at
1 December 007 of €69.909.5 (006: €49.708.189).
4.16 Other receivables 2007 2006 Restated
Other receivable accounts are analysed as follows: 18.875.09 1.116.475
Analysis of other receivable accounts 17.86.67
7.887.78 30.402.742
Accrued ADF 26.762.830
Other
Total other receivable accounts
Accrued ADF represents the amount of the passengers’ airport fee attributable to the Company, which had
not been collected by the Company at year-end. This amount is estimated to be collected progressively in
year 008.
49
Analysis of construction works in progress 6.76.16 .19.005
6.763.126 3.129.005
Construction works in progress
Total construction works in progress
Construction works in progress mainly refer to additions and improvements on the existing infrastructure
assets such as technical works, building and facilities, roads etc. These assets will be returned to the Grantor
at the end of the Concession Period, together with all other infrastructure assets as described in note 1.
Upon the completion of the construction, such assets related to the infrastructure, will increase the cost
of the concession intangible asset.
4.15 Trade receivables 2007 2006 Restated
Trade receivable accounts are analysed as follows: 110.774.016 107.81.18
Analysis of trade receivable accounts 85.470
1.8 575.68
Domestic customers 64.188 4.48.916
Foreign customers 5.8.79 (49.708.189)
Greek state & public sector (69.909.5) 67.1
Accrued property rentals & other income 0.71 83.860.106
Impairment of financial assets 67.042.362
Other
Total trade receivable accounts
All receivables are initially measured at their fair value, which is equivalent to their nominal value, since
the Company extends to its customers short-term credit. Should any of the trade receivable accounts
exceed the approved credit terms, the Company charges such customers default interest, (that is, interest
on overdue accounts) at 6 months Euribor interest rate plus a pre-determined margin, as stipulated in the
respective customer agreements. Such interest is only recognised when it is probable that the income will
be collected.
During 007, an additional impairment loss for anticipated credit losses of €0.01.16 (006: € 1.888.67)
was recognised as an expense in the income statement, resulting in an accumulated impairment loss as at
1 December 007 of €69.909.5 (006: €49.708.189).
4.16 Other receivables 2007 2006 Restated
Other receivable accounts are analysed as follows: 18.875.09 1.116.475
Analysis of other receivable accounts 17.86.67
7.887.78 30.402.742
Accrued ADF 26.762.830
Other
Total other receivable accounts
Accrued ADF represents the amount of the passengers’ airport fee attributable to the Company, which had
not been collected by the Company at year-end. This amount is estimated to be collected progressively in
year 008.
49
