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Revenue and Other Operating Income
12 Months Ended
Dec. 31, 2019
REVENUE AND OTHER OPERATING INCOME  
Revenue and Other Operating Income

28.  REVENUE AND OTHER OPERATING INCOME.

The detail of revenues from ordinary activities and other revenues for the years ended December 31, 2019, 2018 and 2017, is as follows:

 

 

 

 

 

 

 

 

 

 

For the years ended December 31, 

 

 

2019

 

2018

 

2017

Revenues

    

ThCh$

    

ThCh$

    

ThCh$

Energy sales

 

 2,405,903,242

 

 2,202,078,088

 

 2,262,090,558

Generation

 

 1,090,021,527

 

 1,034,975,160

 

 1,082,749,256

Regulated customers (1)

 

 589,368,952

 

 643,494,066

 

 726,166,640

Non-regulated customers

 

 475,208,116

 

 357,725,928

 

 285,623,737

Spot market sales

 

 25,444,459

 

 33,755,166

 

 70,958,879

Distribution

 

 1,315,881,715

 

 1,167,102,928

 

 1,179,341,302

Residential (1)

 

 552,124,205

 

 455,840,910

 

 435,769,231

Business

 

 450,108,855

 

 378,092,990

 

 386,608,105

Industrial

 

 181,595,960

 

 209,252,478

 

 225,736,231

Other consumers (2)

 

 132,052,695

 

 123,916,550

 

 131,227,735

Other sales

 

 124,113,792

 

 123,345,383

 

 107,362,797

Natural gas sales

 

 97,564,262

 

 103,717,558

 

 91,652,707

Sales of products and services

 

 26,549,530

 

 19,627,825

 

 15,710,090

Revenue from other services

 

 94,559,289

 

 84,936,988

 

 114,648,227

Tolls and transmission

 

 31,232,252

 

 20,311,403

 

 39,812,005

Metering equipment leases

 

 2,131,427

 

 5,024,944

 

 4,945,609

Public lighting

 

 11,262,418

 

 12,181,969

 

 13,449,852

Engineering and consulting services

 

 10,385,950

 

 10,027,472

 

 3,414,472

Services for construction of junctions

 

 16,497,051

 

 14,711,796

 

 15,514,433

Works in specific facilities and networks

 

 7,455,200

 

 8,425,251

 

 13,932,537

Income from work in progress

 

 2,727,203

 

 1,947,722

 

 2,883,530

Other services

 

 12,867,788

 

 12,306,431

 

 20,695,789

Total Revenues

 

 2,624,576,323

 

 2,410,360,459

 

 2,484,101,582

 

 

 

 

 

 

 

Other Operating Income

 

ThCh$

 

ThCh$

 

ThCh$

Commodity derivatives

 

 5,967,739

 

 9,819,777

 

 20,328,649

Income from early termination of electricity supply contracts (3)

 

 121,117,605

 

 —

 

 —

Other income (4)

 

 19,172,693

 

 36,981,190

 

 18,548,051

Total other income

 

 146,258,037

 

 46,800,967

 

 38,876,700


(1)

In 2019, this amount includes the  effect of ThCh$142,367,584 corresponding to the differences between the prices of the electricity supply contracts and the regulated prices, which will be invoiced in the future following the scheme established in Law 21,185 (see note 10). Of this amount, ThCh$87,906,446 correspond to revenues that the Group must transfer to final customers through its subsidiary Enel Distribución Chile.

 

(2)

For the year ended December 31, 2019, it includes revenues from energy sales to municipalities of ThCh$45,768,456  (ThCh$36,878,861 and ThCh$36,165,698) for the years ended December 31, 2018 and 2017, respectively); government entities for ThCh$20,432,048  (ThCh$20,246,633 and ThCh$20,080,121 for the years ended  December 31, 2018 and 2017, respectively); companies in the agricultural sector for ThCh$9,100,691  (ThCh$6,173,077 and ThCh$5,811,319 for the years ended  December 31, 2018 and 2017, respectively); public services companies and telecommunications for ThCh$24,818,503  (ThCh$26,636,066 and ThCh$33,649,705 for the years ended  December 31, 2018 and 2017 respectively), educational area ThCh$9,367,933  (ThCh$12,470,709 and ThCh $ 14,015,433 for the years ended  December 31, 2018 and 2017, respectively), health services ThCh $ 18,975,909 (ThCh $ 19,629,502 and ThCh $18,290,164 for the years ended  December 31, 2018 and 2017, respectively) and others for ThCh $ 3,589,156 (ThCh $ 1,881,702 and ThCh $ 3,215,295 for the years ended  December 31, 2018 and 2017, respectively)

 

(3)

In February 2019, Anglo American Sur S.A. notified Enel Generación Chile of its decision to terminate in advance three electricity supply contracts, which both parties had signed in 2016. As stipulated in the exit and termination clauses of the respective contracts, the advance termination notice granted to Enel Generación Chile the right to receive an exit compensation, consisting of the payment of a cash amount by Anglo American Sur SA, determinable according to a predetermined calculation mechanism.

 

It is important to note that, between the date of notification of the anticipated term and the effective termination date of the contracts, there were no performance obligations pending delivery by Enel Generación Chile, since the original contracts established the start of supply in January of the year 2021. Based on the foregoing, (following the accounting criteria described in note 3.q),  revenue  of ThCh$121,117,605 was recognized.

Finally, on June 21, 2019, Enel Generación Chile made an unsuccessful transfer of the cash flows under  this agreement. As a result of the foregoing, the  derecognition of the account receivable from Anglo American Sur S.A. that existed at that date was offset against the exit compensation amount rather than there being an exchange of cash.

 

(4)

For the year ended December 31, 2019, it includes facilities leases of ThCh$3,835,198 (ThCh$0 for the years ended  December 31, 2018 and 2017), recovery of revenues from customers with unregistered consumption of ThCh$2,746,764  (ThCh$2,847,740 and ThCh$1,968,203 for the years ended  December 31, 2018 and 2017, respectively), late payment cancellation revenues of ThCh$485,684  (ThCh$675,202 and ThCh$1,299,470 for the years ended  December 31, 2018 and 2017, respectively), Central Claims of Tarapacá for ThCh$4,380,934  (ThCh$21,987,899 and ThCh$0  for the years ended December 31, 2018 and 2017, respectively), and other revenue for ThCh$7,724,113  (ThCh$11,470,349 and ThCh$15,280,378 for the years ended  31 December 2018 and 2017, respectively).