Year of origin
Amount
Offsetting Deadline
1997
11,107
2015
1998
4,119
2016
1999
-
2017
2000
-
2018
2001
17,713
2019
2002
19,037
2020
2003
25,900
2021
2004
8,438
2022
2005
1,491
2023
2006
15,242
2024
2007
2,332
2025
2008
2,426
2026
2009
851
2027
2010
330
2028
108,986
23.
TRADE CREDITORS
The breakdown of this item in the consolidated balance sheet at 31 December 2012 and 2011 is as follows (€ thousand):
€ Thousand
2012
2011
Trade creditors
238,180
214,826
Advance payments from customers
22,552
20,852
260,732
235,678
The “Trade creditors” item reflects the accounts payable arising from the Group regular trading activities.
The “Advance payments from customers” itemmainly includes customer deposits arising from the Group’s hotel and real-estate businesses. Sotogrande, S.A.
included €1 million in advance payments from customers in 2012 (€1.74 million at 31 December 2011).
24.
INFORMATION ON DEFERRED PAYMENTS TO SUPPLIERS. THIRD
ADDITIONAL PROVISION, “DUTY TO REPORT” OF ACT 15/2010 OF
5
JULY
A breakdown of the information required by the Third Additional Provision of Act 15/2010 of 5 July on agreements executed under Spanish legislation
appears below:
2012
2011
€ Thousand
%
€ Thousand
%
Payments made within the maximum legal term
159,204
75%
189,900
80%
Remainder
53,960
25%
46,053
20%
Total payments in the financial year
213,164
100%
235,953
100%
Weighted average exceeded payment period (days)
31
16
Deferrals exceeding the maximum legal deadline at year end
5,037
2,326
The above information on payments to suppliers refer to those which by their nature are trade creditors due to debts with suppliers of goods and services.
The table includes, therefore, the “Trade creditors” item in current liabilities of the attached consolidated balance sheet at 31 December 2012.
The weighted average exceeded payment period (PMPE) has been calculated as the coefficient comprised of the sum of the product of each of the supplier
payments made in the year with a delay exceeding the legal payment deadline and the number of days by which the relevant deadline has been exceeded in
the numerator, and the total amount of the payments made in the year with a delay exceeding the legal payment deadline in the denominator.
The maximum legal deadline for payment of the Group Spanish companies in 2012, in accordance with Act 3/2004 of 29 December, establishing measures to
combat late payment in commercial transactions, is 75 days.
REPORT ON THE CONSOLIDATED
FINANCIAL STATEMENTS
99
