Index

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.

  2017 2016
  Days Days
Average period for payment to suppliers 54 79
Ratio of paid transactions 57 81
Ratio of transactions pending payment 24 38
  Amount (thousands of euros) Amount (thousands of euros)
Total payments made 293.037 322.308
Total payments pending 31.329 18.785

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 “Commercial Creditors and Other Accounts Payable” item in current liabilities of the attached consolidated balance sheet at 31 December 2017 and 2016.

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 2017 weighted by the amount of each transaction.
  • Ratio of paid transactions: average payment period of transactions paid in 2017 weighted by the amount of each transaction.
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