| 15. Trade receivables and other assets | |||
|---|---|---|---|
| Note | December 31st 2017 | December 31st 2016 | |
| Non-current financial assets: | 293.2 | 307 | |
| Security deposits receivable | 18 | 17 | |
| Finance lease receivables | 15.2 | 12.8 | 14.6 |
| Oil and Gas Extraction Facility Decommissioning Fund (1) | 34.1 | 33.2 | |
| Cash securing contractual obligations related to future decommissioning of assets | 207.9 | 192 | |
| Security deposit – ICE Futures | - | 19.6 | |
| Security deposits related to licensed activities | 10.6 | 20.7 | |
| Shares | 9.8 | 9.8 | |
| Other receivables | - | 0.1 | |
| Current financial assets: | 2843.4 | 2569.6 | |
| Trade receivables | 2677 | 2251.7 | |
| including from related entities | 30.1 | 34.5 | 16.1 |
| Security deposits receivable | 26.3 | 14.6 | |
| Deposits | 37 | 189.2 | |
| Cash for removal of the MOPU from the YME field (2) | 55.1 | 75.3 | |
| Settlements under joint operations (Norwegian fields) (3) | - | 1.4 | |
| Security deposits related to the use of gas fuel distribution and transmission system | 16 | 14.4 | |
| Receivables under payment cards (service stations) | 14.6 | 9.1 | |
| Finance lease receivables | 15.2 | 7.1 | 7.1 |
| Other receivables | 10.3 | 6.8 | |
| Financial assets | 3136.6 | 2876.6 | |
| Non-current non-financial assets | 10.6 | 5.2 | |
| Borrowing costs | 6.1 | - | |
| Prepayments for rebates | 2.8 | 2.1 | |
| Other | 1.7 | 3.1 | |
| Current non-financial assets: | 222.3 | 259.3 | |
| Value-added tax receivable | 78.4 | 110.3 | |
| Property and other insurance | 20.9 | 25.6 | |
| Settlements under joint operations (Norwegian fields) (3) | 58.9 | 68 | |
| Excise duty on inter-warehouse transfers | 46.6 | 34.7 | |
| Prepaid deliveries | 4.6 | 8.5 | |
| Prepayments for IT services | 5.3 | 5.4 | |
| Other | 7.6 | 6.8 | |
| Non-financial assets | 232.9 | 264.5 | |
| Total | 3369.5 | 3141.1 | |
| including: | |||
| non-current | 303.8 | 312.2 | |
| current: | 3065.7 | 2828.9 | |
| - trade receivables | 2677 | 2251.7 | |
| - other | 388.7 | 577.2 |
(1) Cash deposited in the bank account of the Oil and Gas Facility Decommissioning Fund (created pursuant to the Geological and Mining Law of February 4th 1994 and the Minister of Economy’s Regulation of June 24th 2002) to cover future costs of decommissioning of oil extraction facilities, see Note 29.1.
(2) Cash held in an escrow account associated with the agreement concluded between the parties involved in the YME project in Norway (for more details on the agreement, see Note 29.1).
(3) Receivables of LOTOS Exploration and Production Norge AS (LOTOS Petrobaltic Group, the upstream segment) under mutual settlements between the operator and consortium members concerning specific Norwegian fields.
| 15.1 Change in impairment losses on receivables | ||
|---|---|---|
| 2017 | 2016 | |
| At beginning of period | 165.3 | 171.6 |
| Recognised | 7.5 | 4.1 |
| Used | -64.7 | -7.9 |
| Reversed | -3.9 | -2.5 |
| At end of period | 104.2 | 165.3 |
| Ageing of unimpaired past due receivables: | December 31st 2017 | December 31st 2016 |
| Up to 1 month | 34.1 | 75.7 |
| From 1 to 3 months | 1.9 | 1.2 |
| From 3 to 6 months | 0.7 | - |
| From 6 months to 1 year | 0.2 | - |
| Over 1 year | 2.8 | 4.1 |
| Total | 39.7 | 81 |
| 15.2 Finance lease receivables | ||||
|---|---|---|---|---|
| Present value of minimum lease payments | ||||
| December 31st 2017 | December 31st 2016 | December 31st 2017 | December 31st 2016 | |
| Up to 1 year | 7.2 | 7.2 | 7.1 | 7.1 |
| From 1 to 5 years | 12.9 | 14.7 | 12.8 | 14.6 |
| Total | 20.1 | 21.9 | 19.9 | 21.7 |
| Less unrealised finance income | -0.2 | -0.2 | - | - |
| Present value of minimum lease payments | 19.9 | 21.7 | 19.9 | 21.7 |
| including: | ||||
| non-current | 12.8 | 14.6 | ||
| current | 7.1 | 7.1 |
