TIM S.p.A. | CIK:0000948642 | 3

  • Filed: 4/23/2018
  • Entity registrant name: TIM S.p.A. (CIK: 0000948642)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/948642/000119312518126454/0001193125-18-126454-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/948642/000119312518126454/ti-20171231.xml
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  • ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory

    NOTE 26—OTHER INCOME

    Other income amounted to 523 million euros in 2017, 311 million euros in 2016 and 287 million euros in 2015, increasing by 212 million euros from 2016 to 2017 compared to an increase of 24 million euros from 2015 to 2016.

    Details are as follows:

     

         Year ended December 31,  
         2017      2016      2015  
         (millions of euros)  

    Late payment fees charged for telephone services

         59        60        59  

    Recovery of employee benefit expenses, purchases and services rendered

         22        33        32  

    Capital and operating grants

         51        36        33  

    Damage compensation, penalties and sundry recoveries

         35        24        25  

    Partnership agreements

         116        71        —    

    Release of provisions and other payable items, other income

         240        87        138  
      

     

     

        

     

     

        

     

     

     

    Total

         523        311        287  
      

     

     

        

     

     

        

     

     

     

    Other income reflects contribution fees resulting from partnership agreements signed with leading technology suppliers. These agreements are aimed at developing collaboration between the parties, in order to strengthen and stabilize the business and industrial relationship over time, to actively contribute to TIM’s marketing plan for the development and use of several strategic services. The item also includes insurance indemnities and updates estimates of liabilities related to customer and supplier accounts.