2012 Half year financial report

They consist of:

In thousands of Euros As of 30 June
2012
As of 31
December
2011
Change
Other non-current receivables:
Due from Group companies valued at Equity 138 138 0
Due from associated companies 267 267 0
Prepaid expenses 12,197 12,265 (68)
Advances to employees 85 99 (14)
Security deposits 328 324 4
Due from others 2,114 2,072 42
Total non-current portion 15,129 15,165 (36)

Receivables due from Group companies valued at equity comprise amounts due from AWS do Brasil.
Receivables due from affiliated companies regard amounts due from the Fondazione Piaggio.

In thousands of Euros
As of 30 June
2012
As of 31
December 2011
Change
Other current receivables:
   
Receivables due from the Parent Company 6,322 6,259 63
Receivables due from Group companies valued at Equity 140 140 0
Receivables due from affiliated companies 27 57 (30)
Accrued income 1,043 2,941 (1,898)
Prepaid expenses 3,815 2,026 1,789
Advance payments to suppliers 1,630 2,543 (913)
Advances to employees 592 576 16
Fair value of hedging derivatives 785 987 (202)
Security deposits 347 203 144
Receivables due from others 16,610 12,296 4,314
Total current portion 31,311 28,028 3,283

Receivables due from the Parent Company regard the assignment of tax receivables that took place within the group consolidated tax procedure.
Receivables due from Group companies valued at equity comprise amounts due from Zongshen Piaggio Foshan.
Receivables due from affiliated companies regard amounts due from the Fondazione Piaggio.
The item fair value of hedging derivatives mainly refers to the fair value of hedging derivatives relative to the exchange risk on forecast transactions recognised on an cash flow hedge basis. For further details, see attachment F – Information on financial instruments.