Year of origin
Spain
Italy
Total
2008
-
1,600
1,600
2009
-
10,279
10,279
2010
-
2,185
2,185
2011
-
9,855
9,855
2012
42,501
9,280
51,781
2013
53,344
(2,331)
51,013
95,845
30,868
126,713
23.-
TRADE CREDITORS
The breakdown of this item on the consolidated balance sheet at 31 December 2013 and 2012 is as follows (in thousands of euros):
Thousand euros
2013
2012
Trade payables
218,332
233,278
Advance payments from customers
21,428
21,782
239,760
255,060
The “Trade creditors” item reflects the accounts payable arising from the Group’s 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
advance payments from customers in the amount of EUR 0.28 million in 2013 (31 December 2012: EUR 0.22 million).
24.-
INFORMATION ON DEFERRED PAYMENTS TO SUPPLIERS.
THIRD ADDITIONAL PROVISION, “DUTY TO REPORT” OF ACT
11/2013
OF 26 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:
2013
2012
Thousand euros
%
Thousand euros
%
Payments made within the maximum legal term
186,466
70%
159,204
75%
Remainder
81,102
30%
53,960
25%
Total payments in the financial year
267,568
100%
213,164
100%
Weighted average exceeded payment period (days)
38
31
Deferrals which exceeded the maximum legal deadline at year end
18,418
5,037
The data set out in the table above on payments to suppliers makes reference to any which by their nature are trade creditors due to debts with suppliers of goods and
services. The data therefore includes the “Trade creditors” item in current liabilities of the attached consolidated balance sheet at 31 December 2013.
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 payment period applicable to the Group’s Spanish companies under Law 3/2004, on combating late payment in commercial transactions, is 60 days for
2013.
Said law was amended by Law 11/2013, of 26 July, which establishes since its enactment, a maximum payment period of 30 days except in the case of agreement
between the parties, with a maximum period of 60 days (75 days for 2012).
REPORT ONTHE CONSOLIDATED FINANCIAL STATEMENTS
97
