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

 

26.   REVENUE AND OTHER INCOME

The detail of revenues presented in the statement of comprehensive income for the years ended December 31, 2019, 2018 and 2017 is as follows:

 

 

 

 

 

 

 

 

 

12-31-2019

 

12-31-2018

 

12-31-2017

Revenues

 

ThCh$

 

ThCh$

 

ThCh$

Energy sales (1)

 

1,390,027,937

 

1,369,333,310

 

1,457,671,722

Generation

 

1,390,027,937

 

1,369,333,310

 

1,457,671,722

Regulated customers

 

901,254,815

 

997,315,635

 

1,101,089,106

Non-regulated customers

 

460,993,808

 

337,748,542

 

285,623,737

Spot market sales

 

27,779,314

 

34,269,133

 

70,958,879

Other sales

 

97,856,848

 

103,745,285

 

94,452,287

Natural gas sales

 

97,564,261

 

103,717,558

 

91,652,707

Sales of products and services

 

292,587

 

27,727

 

2,799,580

Other services provided

 

6,234,728

 

8,475,543

 

46,908,131

Tolls and transmission

 

1,983,040

 

3,267,012

 

38,850,596

Engineering and consulting services

 

4,251,688

 

5,208,531

 

8,057,535

 

 

 

 

 

 

 

Total operating revenue

 

1,494,119,513

 

1,481,554,138

 

1,599,032,140

 

 

 

 

 

 

 

 

 

 

12-31-2019

 

12-31-2018

 

12-31-2017

Other operating income

 

ThCh$

 

ThCh$

 

ThCh$

Income from early termination of electricity supply contracts (2)

 

121,117,605

 

 —

 

 —

Other income

 

23,137,316

 

39,500,045

 

35,904,948

Total Other operating income

 

144,254,921

 

39,500,045

 

35,904,948

 

 

(1) As of December 31, 2019, a total of ThCh$225,606,369 is included in total revenue, corresponding to estimated and unbilled sales, which are related to energy sold in the month of December 2019 and to the provisions made because PEC and node prices. As of December 31, 2018 and 2017, the amounts correspond to ThCh$161,593,743 and ThCh$134,478,188, respectively.

 

(2) 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. In accordance with the provisions in the exit and termination clauses of the respective contracts, the notice of early termination granted Enel Generación Chile the right to receive exit compensation, consisting of the payment of a cash amount by Anglo American Sur S.A., determinable according to a predetermined calculation mechanism. 

It is important to note that, between the date of notification of early termination and the effective termination date of the contracts, there were no performance obligations pending delivery by the Company, since the original contracts established the commencement of supply in January 2021. Therefore, in accordance with the accounting criteria described in Note 3.p),  income of ThCh$ 121,117,605 was recognized.

 

Finally, on June 21, 2019, Enel Generación Chile entered into an agreement with Banco Santander, to transfer this account receivable in exchange for a cash flow. As a result of the foregoing, the cash inflow implied the corresponding derecognition of the account receivable with Anglo American Sur S.A. that existed at that date