Movements in the item of current assets adjustments were as follows:
Adjustments |
Opening |
Reversal |
Closing |
Debts of Thirds Parties |
|||
Clients - current account |
115,475 |
1,328 |
116,803 |
Clients - bad debts |
4,684,981 |
-1,654,196 |
3,030,785 |
Total |
4,800,456 |
-1,652,868 |
3,147,588 |
Unit: euros
The reduction in adjustments was 1,652,868 euros, resulting primarily from the following:
- reduction in adjustments due to settlement of the debt of Bragatel by the entity holding the rights and obligations, for which debt adjustments were made to fully cover the amount of 1,832,924 euros;
- increasing debts subject to adjustment from other clients, including operators of postal and electronic communications services, to the sum of 180,056 euros.
Older debts have been progressively reduced due to a more active posture of the Finance Services, to which this Authority resorts when all attempts of recovery within ICP-ANACOM have been exhausted.