Notes to the consolidated financial statements

Deferred income

Deferred income

Movements in this caption during 2007 are set out below:

 Movements in this caption during 2007

 Movements in this caption during 2006

  • Grants are carried at fair value when it is reasonably certain that the relevant amount will be realised (see Note 2.3.14). 

  • The main movements in 2007 took place in the toll roads segment, in the Greek concession holder Nea Odos, which obtained a grant of 18 million euro.

  • Other deferred income relates mainly to service area royalties and revenues from residents using mixed car parks.

  • The disposal is due basically to foreign exchange differences arising from hedges relating to the toll road 407 ETR from Canada.