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      • En route CZ - Spain Continental
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        • Unit cost
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      • Terminal CZ
        • Unit cost
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        • Regulatory Result

    Cost-efficiency - Spain

    Download Report

    Terminal charging zone

    Unit cost (KPI#1)

    Actual and determined data
    Total costs - nominal (M€) 2020-2021 2022 2023 2024
    Actual costs 196 NA NA NA
    Determined costs 201 104 105 105
    Difference costs -4 NA NA NA
    Inflation assumptions 2020-2021 2022 2023 2024
    Determined inflation rate NA 1.3% 1.5% 1.6%
    Determined inflation index NA 104.9 106.5 108.2
    Actual inflation rate NA NA NA NA
    Actual inflation index NA NA NA NA
    Difference inflation index (p.p.) NA NA NA NA
    Focus on unit cost

    AUC vs. DUC

    In the combined year 2020-2021, the terminal AUC was -3.8% (or -8.67€2017) lower than the planned DUC. This results from the combination of higher than planned TNSUs (+0.9%) and lower than planned terminal costs in real terms (-2.9%, or -5.7 M€2017).

    Terminal service units

    The difference between actual and planned TNSUs (+0.9) falls within the ±2% dead band. Hence the resulting additional revenue is kept by the ANSPs.

    Terminal costs by entity

    Actual real terminal costs are -2.9% (-5.7 M€2017) lower than planned. This is driven by the main ANSP, ENAIRE (-3.3%, or -6.2 M€2017) and the MET service provider (-1.3%, or -0.1 M€2017), whereas NSA cost are higher than planed (+27.6% or +0.5 M€2017).

    Terminal costs for the main ANSP at charging zone level

    The lower than planned terminal costs in real terms for ENAIRE (-3.3%, or -6.2 M€2017) result from:
    - lower staff costs (-2.8%), although the additional information to the terminal reporting tables clarify that “two provisional rulings unfavourable to ENAIRE, as a consequence of claims of control staff, have impacted in 2021 Annual Accounts for ENAIRE, with a total amount of 32.2M€ higher salaries. This mentioned total amount, although included as higher staff expenses in the 2021 ENAIRE Accounts, has not been considered in the costs submitted by ENAIRE pending national Supreme Court final rulings”;
    - lower other operating costs (-10.7%), as result of restrictive expenditure policy;
    - lower depreciation (-3.1%);
    - lower cost of capital (-7.9%), due to lower asset base (-6.5%) and WACC.

    Actual unit cost incurred by the users (AUCU) (PI#1)

    AUCU components (€/SU) – 2020-2021
    Components of the AUCU in 2020-2021 €/SU
    DUC 236.76
    Inflation adjustment 2.16
    Cost exempt from cost-sharing 0.47
    Traffic risk sharing adjustment 0.00
    Traffic adj. (costs not TRS) -0.07
    Finantial incentives 0.00
    Modulation of charges 0.00
    Cross-financing 0.00
    Other revenues -179.92
    Application of lower unit rate 0.00
    Total adjustments -177.36
    AUCU 59.40
    AUCU vs. DUC -74.9%
    Cost exempt from cost sharing by item - 2020-2021 €'000 €/SU
    New and existing investments -142.9 -0.17
    Competent authorities and qualified entities costs 543.6 0.64
    Eurocontrol costs 0.0 0.00
    Pension costs 0.0 0.00
    Interest on loans 0.0 0.00
    Changes in law 0.0 0.00
    Total cost exempt from cost risk sharing 400.7 0.47
    Focus on AUCU

    The actual terminal unit cost incurred by airspace users (AUCU) in respect of activities performed in combined year 2020-2021 for Spain terminal charging zone (58.80€) is -75.16% lower than the nominal DUC (236.76€) which includes DUC initially charged: 108.14€; and to be charged: 128.62€. The difference between these two figures (-177.96€/SU) is due to:
    - the deduction of the other revenues (-179.92€/SU); “Since aerodrome service is subject to a contract between AENA (the airport operator) and ENAIRE, and with a view that only the final approach costs are actually recovered via terminal unit rate, not the aerodrome ones, the amount of this contract for each year represents a subtraction of the cost base for the calculation of the unit rate under the form of other revenues.”
    - the positive inflation adjustment resulting from higher than planned inflation (+2.16€/SU);
    - the deduction of the traffic adjustment (-0.07€/SU) for the costs not subject to traffic risk sharing to be reimbursed in future years;
    - and the impact of adjustments resulting from the costs exempted from cost-sharing mechanism (-0.13€/SU).
    The share of regulatory result in the terminal AUCU is 5.5%.

    Regulatory result (RR)

    Focus on regulatory result

    ENAIRE net gain on activity in the Spain terminal charging zone in the combined year 2020-2021
    ENAIRE’s net gain amounts to +7.5 M€ due to gains of +5.9 M€ from the cost sharing mechanism and of +1.7 M€ from the traffic risk sharing mechanism.

    ENAIRE overall regulatory results (RR) for the terminal charging zone activity
    Ex-post, the overall RR taking into account the net gain from the terminal activity mentioned above (+7.5 M€) and the actual RoE (+3.3 M€) amounts to +10.8 M€ (5.5% of the terminal revenues). The resulting ex-post rate of return on equity is 22.0%, which is higher than the 6.7% planned in the PP.

     
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