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Revenue and Other Operating Income
12 Months Ended
Dec. 31, 2020
REVENUE AND OTHER OPERATING INCOME  
Revenue and Other Operating Income

28.  REVENUE AND OTHER OPERATING INCOME

The detail of revenue presented in the statement of comprehensive income for the years ended December 31, 2020, 2019 and 2018, is as follows:

 

 

 

 

 

 

For the years ended December 31, 

 

 

2020

2019

2018

 

Revenues

ThCh$

ThCh$

ThCh$

 

Energy sales (1)

 2,380,736,600

 2,405,903,242

 2,202,078,088

 

 

 

 

 

 

Generation

 1,111,508,158

 1,090,021,527

 1,034,975,160

 

Regulated customers (2)

 480,168,004

 540,017,333

 643,494,066

 

Unregulated customers

 571,587,710

 524,559,735

 357,725,928

 

Spot market sales

 59,752,444

 25,444,459

 33,755,166

 

Distribution

 1,269,228,442

 1,315,881,715

 1,167,102,928

 

Residential (2)

 608,703,250

 552,124,205

 455,840,910

 

Business

 366,874,872

 450,108,855

 378,092,990

 

Industrial

 168,931,181

 181,595,960

 209,252,478

 

Other consumers (3)

 124,719,139

 132,052,695

 123,916,550

 

 

 

 

 

 

Other sales

 58,870,872

 124,113,792

 123,345,383

 

Gas sales

 38,808,266

 97,564,262

 103,717,558

 

Sales of goods and services

 20,062,606

 26,549,530

 19,627,825

 

 

 

 

 

 

Revenue from other services

 108,776,845

 94,559,289

 84,936,988

 

Tolls and transmission

 41,859,311

 31,232,252

 20,311,403

 

Metering equipment leases

 3,387,302

 2,131,427

 4,702,334

 

Services and Business Advisories provided (Public lighting, connections and electrical advisories)

 53,121,851

 47,455,465

 45,904,638

 

Other services

 10,408,381

 13,740,145

 14,018,613

 

 

 

 

 

 

Total Revenues

 2,548,384,317

 2,624,576,323

 2,410,360,459

 

 

 

 

 

 

Other Income

ThCh$

ThCh$

ThCh$

 

Temporary leasing of generating facilities

 10,662,952

 2,777,404

 —

 

Commodity derivative income

 4,473,463

 5,967,739

 9,819,777

 

Income from early termination of electricity supply contracts (4)

 —

 121,117,605

 —

 

Income from insurance claims

 10,799,437

 5,952,589

 25,442,309

 

Other income (5)

 11,082,028

 10,442,700

 11,538,881

 

Total other income

 37,017,880

 146,258,037

 46,800,967

 


(1)

As of December 31, 2020, a total of ThCh$434,442,879 is included in total revenue, corresponding to estimated and unbilled sales, which are related to estimations made of energy sold in the month of December 2020, including PEC and node prices. As of December 31, 2019 and 2018, the amounts correspond to ThCh$310,301,370 and ThCh$209,288,934, respectively.

 

(2)

For the year ended December 31, 2020, this line item includes an effect of ThCh$77,973,766 corresponding to the differences between the prices of electricity supply contracts and regulated prices, which will be billed in the future in accordance with the schedule established in Law No. 21,185 (see Note 9). Of this amount, ThCh$25,154,565 correspond to income that the Group will have to transfer to final customers through its subsidiary Enel Distribución Chile.

 

(3)

For the year ended December 31, 2020, Other customers includes revenues from the sale of energy to municipalities of ThCh$35,598,366  (ThCh$45,768,456 and ThCh$36,878,861 as of December 31, 2019 and 2018, respectively), governmental entities of ThCh$17,334,983  (ThCh$20,432,048 and ThCh$20,246,633 as of December 31, 2019 and 2018, respectively), agricultural sector companies of ThCh$10,324,464  (ThCh$9,100,691 and ThCh$6,173,077 as of December 31, 2019 and 2018, respectively), utilities and telecommunications companies of ThCh$27,014,443  (ThCh$24,818,503 and ThCh$26,636,066 as of December 31, 2019 and 2018, respectively), education sector of ThCh$5,749,102  (ThCh$9,367,933 and ThCh$12,470,709 as of December 31, 2019 and 2018, respectively), healthcare services of ThCh $21,407,325 (ThCh$18,975,909 and ThCh$19,629,502 as of December 31, 2019 and 2018, respectively) and other of ThCh$ 7,290,456 (ThCh$ 3,589,156 and ThCh$ 1,881,702 as of December 31, 2019 and 2018, respectively).

 

(4)

In February 2019, Anglo American Sur S.A. notified Enel Generación Chile of its decision to terminate early three electricity supply contracts, which both parties had signed in 2016. As stipulated in the termination clauses of the respective contracts, the notice of early termination granted Enel Generación Chile the right to receive termination compensation, consisting of a cash payment by Anglo American Sur S.A., which would be determined according to a predefined calculation mechanism.

 

It is important to note that between the date of notice of the early termination and the date of effective termination of the contracts, there were no performance obligations pending delivery by Enel Generación Chile, as the original contracts established the start of supply in January 2021. Therefore, following the accounting criteria described in Note 3.q), income of ThCh$121,117,605 was recognized.

 

On June 21, 2019, Enel Generación Chile made a non-recourse assignment of the cash flows of this   agreement. Consequently, the cash inflow resulted in the derecognition of the account receivable from Anglo American Sur S.A. existing at that date.

 

(5) For the year ended December 31, 2020, Other income includes revenue recovery from customers with unrecorded   consumption of ThCh$3,084,840  (ThCh$2,746,764 and ThCh$ 2,847,740 for the years ended December 31, 2019 and 2018, respectively), income from late cancellation of ThCh$456,781  (ThCh$485,684 and ThCh$675,202 for the years ended December 31, 2019 and 2018, respectively) sale of demineralized water of ThCh$1,408,798  (ThCh$498,577 and ThCh$542,927 for the years ended December 31, 2019 and 2018, respectively), and other income of ThCh$6,131,609  (ThCh$6,711,675 and ThCh$7,473,012 for the years ended December 31, 2019 and 2018, respectively).