EDENOR | CIK:0001395213 | 3

  • Filed: 5/16/2018
  • Entity registrant name: EDENOR (CIK: 0001395213)
  • Generator: QXi
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1395213/000129281418001826/0001292814-18-001826-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1395213/000129281418001826/edn-20171231.xml
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  • ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory

           12.31.17     12.31.16 
    Current:          
    Sales of electricity - Billed                     2,952,780                  2,522,265
    Sales of electricity – Unbilled                    2,982,677                  1,582,591
    Framework Agreement                       156,412                       10,938
    Fee payable for the expansion of the transportation and others                         22,994                       22,397
    Receivables in litigation                         22,847                       22,551
    Allowance for the impairment of trade receivables                    (458,853)                  (259,682)
    Total Current                    5,678,857                  3,901,060

     

    The carrying amount of the Company’s trade receivables approximates their fair value.

     

    The roll forward of the allowance for the impairment of trade receivables is as follows: 

     

           12.31.17     12.31.16     12.31.15 
    Balance at beginning of year                       259,682                       79,361                       84,562
    Increase                       242,750                     210,745                       22,979
    Decrease                      (43,579)                    (30,424)                    (28,180)
    Balance at end of the period                       458,853                     259,682                       79,361

    The aging analysis of these trade receivables is as follows: 

     

           12.31.17     12.31.16 
     Not due                        156,412                         8,222
     Past due                        607,998                     421,661
     Up to 3 months                     4,914,447                  3,471,177
     Total other receivables                     5,678,857                  3,901,060

     

    At the Statement of Financial Position date, the maximum exposure to credit risk is the carrying amount of each class of trade receivables. 

     

    The carrying amount of the Company’s trade receivables is denominated in Argentine pesos.

     

    Sensitivity analysis of the allowance for impairment of trade receivables:

     

    -5% increase in the uncollectibility rate estimate

     

           12.31.17 
     Contingencies                        481,796
     change                          22,943

     

    -5% decrease in the uncollectibility rate estimate

     

           12.31.17 
     Contingencies                        435,910
     change                          (22,943)