102 REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS
19.- COMMERCIAL CREDITORS AND OTHER ACCOUNTS PAYABLE
The breakdown of this item in the consolidated balance sheet at 31 December 2015 and 2014 is as follows (Thousands of euros):
Thousands of euros
2015
2014
Trade and other payables
227,128
206,288
Advance payments from customers
23,915
25,139
251,043
231,427
The heading “Commercial Creditors and Other Accounts Payable” covers the accounts payable derived from commercial activity typical of the
Group.
The “Advance payments from customers” item mainly includes customer deposits arising from the Group’s hotel businesses.
20.- INFORMATION ON DEFERRED PAYMENTS TO SUPPLIERS. THIRD ADDITIONAL
PROVISION. “DUTY TO REPORT” OF ACT 11/2013 OF 26 JULY
Below is the information required by Additional Provision Three of Law 15/2010 of 5 July and modified according to the Resolution of 29 January
2016, of the Institute of Accounting and Auditing, on the information to be incorporated in the record of annual financial statements relating to the
average period for payment to suppliers in commercial transactions of Spanish companies.
Through this resolution the immediate predecessor in the matter is repealed, the Resolution of 29 December 2010, of the Institute of Accounting and
Auditing, on the information to be incorporated in the record of annual financial statements relating to deferred payments to suppliers in commercial
transactions, which had its origin in the previous wording of the third additional provision of Law 15/2010 of 5 July.
The sole additional provision states that in the first annual financial statements that are formulated using this Resolution, it is not obligatory to
present comparative figures in order to facilitate the implementation of the new requirements as it is predicted that commercial companies may
need to adapt their computer systems.
2015
Days
Average period for payment to suppliers
70
Ratio of paid transactions
68
Ratio of transactions pending payment
85
Amount (thousands of euros)
Total payments made
263,703
Total payments pending
28,747
The above information on payments to suppliers of Spanish companies 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 2015.
The average period for payment to suppliers has been calculated, as stated in the Resolution of 29 January 2016, of the Institute of Accounting and
Auditing, using the weighted average of the two ratios explained below:
- Ratio of paid transactions: average payment period of transactions paid in 2015 weighted by the amount of each transaction.
- Ratio of transactions pending payment: average period between the invoice date and the end of the year weighted by the amount of each
transaction.
