23.

Financial Guarantees and Residual Value Guarantees


	12.31.2018		12.31.2017
Financial guarantee of residual value		125.4		108.9
Accounts payable (i)		15.1		30.8
Financial guarantee		11.6		17.1

		152.1		156.8

Current portion		51.0		22.2
Non-current portion		101.1		134.6

The movement on the financial guarantees and residual guarantees is shown below:


	Financial guarantee			Financial guarantee of residual value			Accounts payable (i)			Additional provision (i)			Total
At January 01, 2016		40.1			94.7			57.4			100.9			293.1

Additions		0.1			—			11.9			—			12.0
Interest Additions		—			—			1.7			—			1.7
Disposals		(6.6	)		—			(95.6	)		—			(102.2	)
Reversals		—			—			—			(10.4	)		(10.4	)
Reclassifications		—			—			90.5			(90.5	)		—
Market value		—			27.5			—			—			27.5
Guarantee amortization		(10.9	)		—			—			—			(10.9	)

At December 31, 2016		22.7			122.2			65.9			—			210.8

Additions		1,2			—			3.7			—			4.9
Interest Additions		—			—			2.0			—			2.0
Disposals		—			—			(40.8	)		—			(40.8	)
Market value		—			(13.3	)		—			—			(13.3	)
Guarantee amortization		(6.8	)		—			—			—			(6.8	)

At December 31, 2017		17.1			108.9			30.8			—			156.8

Interest Additions		—			—			1.5			—			1.5
Disposals		—			—			(17.2	)		—			(17.2	)
Market value		—			16.5			—			—			16.5
Guarantee amortization		(5.5	)		—			—			—			(5.5	)

At December 31, 2018		11.6			125.4			15.1			—			152.1

(i)	Accounts payable and additional provision:

•

Republic Airways Holdings—Refer to liabilities assumed as part of financial guarantees granted to the customer as a result of his filing for bankruptcy (Chapter 11) on February, 2016, which is partially concluded as of December 31, 2018.