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externalization |
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externalizationThe ability to easily connect to and transfer information between business partners. Increasingly, information systems are designed to make their data available to outside partners and customers. This type of collaboration is expected to be a vital part of IT in the 21st century. See EDI. |
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2005 and higher payments in relation to workforce reduction programs, as a result of the externalisation in 2006 of a portion of the commitments thereunder. This cash flow allowed covering capital expenditures and intangibles which amounted to Euro 2,470 million, payment of the dividend to ENDESA's shareholder in the amount of Euro 723 and to minorities in the amount of Euro 116 million as well as payment of previously provisioned commitments, such as pensions and payroll reductions, in the amount of Euro 440 million, which includes the externalisation of the pension fund materialised in 2002. Payments of provisions, mainly from externalisation of pension and workforce restructuring liabilities, for Euro 1. |
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