v3.8.0.1

Financial information by segment | 3 Months Ended
--- | ---
Mar. 31, 2018
Financial information by segment [Abstract] |
Financial information by segment | Note 4. - Financial information by segment Atlantica Yield’s segment structure reflects how management currently makes financial decisions and allocates resources. Its operating and reportable segments are based on the following geographies where the contracted concessional assets are located:
| · | North America
| · | South America
| · | EMEA
Based on the type of business, as of March 31, 2018 the Company had the following business sectors: Renewable energy: Renewable energy assets include two solar plants in the United States, Solana and Mojave, each with a gross capacity of 280 MW and located in Arizona and California, respectively. The Company owns eight solar platforms in Spain: Solacor 1 and 2 with a gross capacity of 100 MW, PS10 and PS20 with a gross capacity of 31 MW, Solaben 2 and 3 with a gross capacity of 100 MW, Helioenergy 1 and 2 with a gross capacity of 100 MW, Helios 1 and 2 with a gross capacity of 100 MW, Solnova 1, 3 and 4 with a gross capacity of 150 MW, Solaben 1 and 6 with a gross capacity of 100 MW and Seville PV with a gross capacity of 1 MW. The Company also owns a solar plant in South Africa, Kaxu with a gross capacity of 100 MW. Additionally, the Company owns two wind farms in Uruguay, Palmatir and Cadonal, with a gross capacity of 50 MW each, and a hydraulic plant in Peru with a gross capacity of 4 MW. Efficient natural gas: The Company´s sole efficient natural gas asset is ACT, a 300 MW cogeneration plant in Mexico, which is party to a 20-year take-or-pay contract with Pemex for the sale of electric power and steam. Electric transmission lines: Electric transmission assets include (i) three lines in Peru, ATN, ATS and ATN2, spanning a total of 1,012 miles; and (ii) three lines in Chile, Quadra 1, Quadra 2 and Palmucho, spanning a total of 87 miles. Water: Water assets include a minority interest in two desalination plants in Algeria, Honaine and Skikda with an aggregate capacity of 10.5 M ft3 per day. Atlantica Yield’s Chief Operating Decision Maker (CODM) assesses the performance and assignment of resources according to the identified operating segments. The CODM considers the revenues as a measure of the business activity and the Further Adjusted EBITDA as a measure of the performance of each segment. Further Adjusted EBITDA is calculated as profit/(loss) for the period attributable to the parent company, after adding back loss/(profit) attributable to non-controlling interests from continued operations, income tax, share of profit/(loss) of associates carried under the equity method, finance expense net, depreciation, amortization and impairment charges of entities included in these consolidated financial statements, and compensation received from Abengoa in lieu of ACBH dividends. In order to assess performance of the business, the CODM receives reports of each reportable segment using revenues and Further Adjusted EBITDA. Net interest expense evolution is assessed on a consolidated basis. Financial expense and amortization are not taken into consideration by the CODM for the allocation of resources. In the three-month period ended March 31, 2018 Atlantica had three customers with revenues representing more than 10% of the total revenues, two in the renewable energy and one in the efficient natural gas business sectors. In the three-month period ended March 31, 2017, Atlantica had two customers with revenues representing more than 10% of the total revenues, one in the renewable energy and one in the efficient natural gas business sectors.
| a) | The following tables show Revenues and Further Adjusted EBITDA by operating segments and business sectors for the three-month periods ended March 31, 2018 and 2017:
|  | Revenue |  |  | Further Adjusted EBITDA |
|  | For the three-months ended March 31, |  |  | For the three-months ended March 31, |
|  | ($ in thousands) |
Geography |  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
North America |  |  | 61,781 |  |  |  | 60,952 |  |  |  | 60,247 |  |  |  | 54,753 |
South America |  |  | 29,536 |  |  |  | 28,527 |  |  |  | 24,180 |  |  |  | 33,757 |
EMEA |  |  | 133,948 |  |  |  | 108,667 |  |  |  | 93,541 |  |  |  | 75,440 |
Total |  |  | 225,265 |  |  |  | 198,146 |  |  |  | 177,968 |  |  |  | 163,950 |
|  | Revenue |  |  | Further Adjusted EBITDA |
|  | For the three-months ended March 31, |  |  | For the three-months ended March 31, |
|  | ($ in thousands) |
Business sectors |  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Renewable energy |  |  | 167,225 |  |  |  | 137,664 |  |  |  | 131,435 |  |  |  | 102,626 |
Efficient natural gas |  |  | 28,387 |  |  |  | 29,800 |  |  |  | 23,330 |  |  |  | 26,716 |
Electric transmission lines |  |  | 23,840 |  |  |  | 24,165 |  |  |  | 19,836 |  |  |  | 30,459 |
Water |  |  | 5,813 |  |  |  | 6,517 |  |  |  | 3,367 |  |  |  | 4,149 |
Total |  |  | 225,265 |  |  |  | 198,146 |  |  |  | 177,968 |  |  |  | 163,950 |
The reconciliation of segment Further Adjusted EBITDA with the profit/(loss) attributable to the Company is as follows:
|  | For the three-month period ended March 31, |
|  | 2018 |  |  | 2017 |
Loss attributable to the Company |  | $ | (4,764 | ) |  |  | (11,769 | )
(Loss)/Profit attributable to non-controlling interests |  |  | 3,254 |  |  |  | (2,638 | )
Income tax |  |  | 4,650 |  |  |  | (4,500 | )
Share of (profits)/losses of associates |  |  | (1,407 | ) |  |  | (702 | )
Dividend from exchangeable preferred equity investment in ACBH (see Note 19) |  |  | - |  |  |  | 10,383 |
Financial expense, net |  |  | 101,611 |  |  |  | 96,300 |
Depreciation, amortization, and impairment charges |  |  | 74,624 |  |  |  | 76,876 |
Total segment Further Adjusted EBITDA |  | $ | 177,968 |  |  |  | 163,950 |
| b) | The assets and liabilities by operating segments (and business sector) as of March 31, 2018 and December 31, 2017 are as follows:
Assets and liabilities by geography as of March 31, 2018:
|  | North America |  |  | South America |  |  | EMEA |  |  | Balance as of March 31, |
2018 |
|  | ($ in thousands) |
Assets allocated |  |  |  |  |  |  |  |  |  |  |  |
Contracted concessional assets |  |  | 3,648,673 |  |  |  | 1,102,958 |  |  |  | 4,348,917 |  |  |  | 9,100,548 |
Investments carried under the equity method |  |  | - |  |  |  | - |  |  |  | 57,648 |  |  |  | 57,648 |
Current financial investments |  |  | 111,368 |  |  |  | 65,757 |  |  |  | 30,674 |  |  |  | 207,799 |
Cash and cash equivalents (project companies) |  |  | 171,818 |  |  |  | 38,078 |  |  |  | 394,587 |  |  |  | 604,483 |
Subtotal allocated |  |  | 3,931,859 |  |  |  | 1,206,793 |  |  |  | 4,831,826 |  |  |  | 9,970,478 |
Unallocated assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other non-current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 220,569 |
Other current assets (including cash and cash equivalents at holding company level) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 419,151 |
Subtotal unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 639,720 |
Total assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 10,610,198 |
|  | North America |  |  | South America |  |  | EMEA |  |  | Balance as of March 31, |
2018 |
|  | ($ in thousands) |
Liabilities allocated |  |  |  |  |  |  |  |  |  |  |  |
Long-term and short-term project debt |  |  | 1,770,892 |  |  |  | 867,581 |  |  |  | 2,895,287 |  |  |  | 5,533,760 |
Grants and other liabilities |  |  | 1,573,449 |  |  |  | 5,268 |  |  |  | 97,482 |  |  |  | 1,676,199 |
Subtotal allocated |  |  | 3,344,341 |  |  |  | 872,849 |  |  |  | 2,992,769 |  |  |  | 7,209,959 |
Unallocated liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term and short-term corporate debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 657,321 |
Other non-current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 666,634 |
Other current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 181,148 |
Subtotal unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,505,103 |
Total liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8,715,062 |
Equity unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,895,136 |
Total liabilities and equity unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,400,239 |
Total liabilities and equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 10,610,198 |
Assets and liabilities by geography as of December 31, 2017:
|  | North America |  |  | South America |  |  | EMEA |  |  | Balance as of December 31, 2017 |
Assets allocated |  |  |  |  |  |  |  |  |  |  |  |
Contracted concessional assets |  |  | 3,770,169 |  |  |  | 1,100,778 |  |  |  | 4,213,323 |  |  |  | 9,084,270 |
Investments carried under the equity method |  |  | - |  |  |  | - |  |  |  | 55,784 |  |  |  | 55,784 |
Current financial investments |  |  | 116,451 |  |  |  | 59,831 |  |  |  | 31,263 |  |  |  | 207,545 |
Cash and cash equivalents (project companies) |  |  | 149,236 |  |  |  | 42,548 |  |  |  | 329,078 |  |  |  | 520,862 |
Subtotal allocated |  |  | 4,035,856 |  |  |  | 1,203,157 |  |  |  | 4,629,448 |  |  |  | 9,868,461 |
Unallocated assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other non-current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 210,378 |
Other current assets (including cash and cash equivalents at holding company level) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 413,500 |
Subtotal unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 623,878 |
Total assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 10,492,339 |
|  | North America |  |  | South America |  |  | EMEA |  |  | Balance as of December 31, 2017 |
Liabilities allocated |  |  |  |  |  |  |  |  |  |  |  |
Long-term and short-term project debt |  |  | 1,821,102 |  |  |  | 876,063 |  |  |  | 2,778,043 |  |  |  | 5,475,208 |
Grants and other liabilities |  |  | 1,593,048 |  |  |  | 810 |  |  |  | 42,202 |  |  |  | 1,636,060 |
Subtotal allocated |  |  | 3,414,150 |  |  |  | 876,873 |  |  |  | 2,820,245 |  |  |  | 7,111,268 |
Unallocated liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term and short-term corporate debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 643,083 |
Other non-current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 657,345 |
Other current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 185,190 |
Subtotal unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,485,618 |
Total liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8,596,886 |
Equity unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,895,453 |
Total liabilities and equity unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,381,071 |
Total liabilities and equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 10,492,339 |
Assets and liabilities by business sectors as of March 31, 2018:
|  | Renewable energy |  |  | Efficient natural |  |  | Electric transmission |  |  | Water |  |  | Balance as of March 31, |
|  |  |  |  | gas |  |  | lines |  |  |  |  |  | 2018 |
|  | ($ in thousands) |
Assets allocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contracted concessional assets |  |  | 7,506,986 |  |  |  | 619,079 |  |  |  | 884,706 |  |  |  | 89,777 |  |  |  | 9,100,548 |
Investments carried under the equity method |  |  | 12,249 |  |  |  | - |  |  |  | - |  |  |  | 45,399 |  |  |  | 57,648 |
Current financial investments |  |  | 16,370 |  |  |  | 111,347 |  |  |  | 65,215 |  |  |  | 14,867 |  |  |  | 207,799 |
Cash and cash equivalents (project companies) |  |  | 545,115 |  |  |  | 29,268 |  |  |  | 13,924 |  |  |  | 16,176 |  |  |  | 604,483 |
Subtotal allocated |  |  | 8,080,720 |  |  |  | 759,694 |  |  |  | 963,845 |  |  |  | 166,219 |  |  |  | 9,970,478 |
Unallocated assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other non-current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 220,569 |
Other current assets (including cash and cash equivalents at holding company level) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 419,151 |
Subtotal unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 639,720 |
Total assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 10,610,198 |
|  | Renewable energy |  |  | Efficient natural |  |  | Electric transmission |  |  | Water |  |  | Balance as of March 31, |
|  |  |  |  | gas |  |  | lines |  |  |  |  |  | 2018 |
|  | ($ in thousands) |
Liabilities allocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term and short-term project debt |  |  | 4,261,465 |  |  |  | 547,662 |  |  |  | 690,346 |  |  |  | 34,287 |  |  |  | 5,533,760 |
Grants and other liabilities |  |  | 1,673,605 |  |  |  | 840 |  |  |  | 978 |  |  |  | 776 |  |  |  | 1,676,199 |
Subtotal allocated |  |  | 5,935,070 |  |  |  | 548,502 |  |  |  | 691,324 |  |  |  | 35,063 |  |  |  | 7,209,959 |
Unallocated liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term and short-term corporate debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 657,321 |
Other non-current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 666,634 |
Other current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 181,148 |
Subtotal unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,505,103 |
Total liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8,715,062 |
Equity unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,895,136 |
Total liabilities and equity unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,400,239 |
Total liabilities and equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 10,610,198 |
Assets and liabilities by business sectors as of December 31, 2017;
|  | Renewable energy |  |  | Efficient natural gas |  |  | Electric transmission lines |  |  | Water |  |  | Balance as of December 31, 2017 |
Assets allocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contracted concessional assets |  |  | 7,436,362 |  |  |  | 660,387 |  |  |  | 897,269 |  |  |  | 90,252 |  |  |  | 9,084,270 |
Investments carried under the equity method |  |  | 12,419 |  |  |  | - |  |  |  | - |  |  |  | 43,365 |  |  |  | 55,784 |
Current financial investments |  |  | 17,249 |  |  |  | 116,430 |  |  |  | 59,289 |  |  |  | 14,577 |  |  |  | 207,545 |
Cash and cash equivalents (project companies) |  |  | 452,792 |  |  |  | 39,064 |  |  |  | 15,325 |  |  |  | 13,681 |  |  |  | 520,862 |
Subtotal allocated |  |  | 7,918,822 |  |  |  | 815,881 |  |  |  | 971,883 |  |  |  | 161,875 |  |  |  | 9,868,461 |
Unallocated assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other non-current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 210,378 |
Other current assets (including cash and cash equivalents at holding company level) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 413,500 |
Subtotal unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 623,878 |
Total assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 10,492,339 |
|  | Renewable energy |  |  | Efficient natural gas |  |  | Electric transmission lines |  |  | Water |  |  | Balance as of December 31, 2017 |
Liabilities allocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term and short-term project debt |  |  | 4,162,596 |  |  |  | 579,173 |  |  |  | 698,346 |  |  |  | 35,093 |  |  |  | 5,475,208 |
Grants and other liabilities |  |  | 1,635,508 |  |  |  | 552 |  |  |  | - |  |  |  | - |  |  |  | 1,636,060 |
Subtotal allocated |  |  | 5,798,104 |  |  |  | 579,725 |  |  |  | 698,346 |  |  |  | 35,093 |  |  |  | 7,111,268 |
Unallocated liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term and short-term corporate debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 643,083 |
Other non-current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 657,345 |
Other current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 185,190 |
Subtotal unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,485,618 |
Total liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8,596,886 |
Equity unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,895,453 |
Total liabilities and equity unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,381,071 |
Total liabilities and equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 10,492,339 |
c) | The amount of depreciation, amortization and impairment charges recognized for the three-month periods ended March 31, 2018 and 2017 are as follows:
|  | For the three-month period ended March 31, |
Depreciation, amortization and impairment by geography |  | 2018 |  |  | 2017 |
|  | ($ in thousands) |
North America |  |  | (23,861 | ) |  |  | (31,940 | )
South America |  |  | (10,197 | ) |  |  | (10,057 | )
EMEA |  |  | (40,566 | ) |  |  | (34,879 | )
Total |  |  | (74,624 | ) |  |  | (76,876 | )
|  | For the three-month period ended March 31, |
Depreciation, amortization and impairment by business sectors |  | 2018 |  |  | 2017 |
|  | ($ in thousands) |
Renewable energy |  |  | (67,554 | ) |  |  | (69,828 | )
Electric transmission lines |  |  | (7,070 | ) |  |  | (7,048 | )
Total |  |  | (74,624 | ) |  |  | (76,876 | )

X
- Definition The entire disclosure for operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2017-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=8&date=2017-03-01&anchor=sect_Disclosure&doctype=Standard -URIDate 2017-03-09 + Details
Name: | ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfOperatingSegmentsAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration