|Lease and concession advance payments||16,498||23,040||(6,542)|
|Inland revenue and government agencies||18,648||24,984||(6,336)|
|Receivables from credit card companies||15,487||11,478||4,009|
|Advances to grantors for investments||9,609||4,520||5,089|
|Receivables from the parent for tax consolidation||14,472||14,645||(173)|
“Suppliers” refers to amounts receivable for promotional contributions and supplier bonuses awaiting settlement, as well as advances for services to be received.The difference is explained by dynamics in the settlement of premiums, in addition to exchange rate trends.
“Lease and concession advance payments” consist of lease instalments paid in advance, as required by contract.
Receivables from “Inland revenue and government agencies” relate mostly to indirect taxes. The decrease reflects mainly the non-recourse factoring of an Italian VAT credit in the amount of € 6,542k.
“Receivables from credit card companies” increased due to the greater use of electronic payments and the appreciation of the US dollar against the Euro.
“Advances to grantors for investments” concern commercial investments carried out on behalf of concession grantors.
Amounts due from “Sub-concessionaires” refer to businesses licensed to others and consist mainly of rent receivable.
“Receivables from the parent for tax consolidation” concern the amount due from Edizione S.r.l. to the Italian companies in the Group that participate in the domestic tax consolidation scheme.
“Other” consists mainly of prepayments for maintenance and insurance policies and advances on local taxes.