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ANNUAL REPORT AND CONSOLIDATED ACCOUNTS 2012
10. FINANCIAL INVESTMENTS
The details on financial investments on 31 December
2012 and 2011 are as follows:
Dec-12 Dec-11
Financial investments
Parque Central Maia (1)
-
200,000
Advances for financial
investments (2)
555,000 172,085
Other financial investments
371,600 361,600
926,600 733,685
Accumulated impairment
losses
-
-
926,600 733,685
(1) change in the year 2011, due to the inclusion in the consolidation of
the subsidiary Parque Central Maia, as described in Note 5.
(2) down payment of 555.000 euros for investment in Gravos 2012,
S.A., and credit assignment with the subsidiaries Iberusa e Fir-
moven, for purchase of investments in Rock and Bowl with the
amount of 172.085.
The other financial investments concern investments
(bellow 20%) in non listed companies.
11. OTHER NON-CURRENT ASSETS
The details on other non-current assets on 31 Decem-
ber 2012 and 2011 are as follows:
Dec-12 Dec-11
Clients and other
debtors (1)
1,604,632 1,710,740
Other non-current assets
1,604,632 1,710,740
Clients and other
debtors (1)
Other non-current assets
-
-
1,604,632 1,710,740
(1) mainly Spain subsidiaries long term deposits and bails and also
franchising debts concerning fixed assets lent in subsidiary Vidisco,
with a payment agreement. At the end of the year 2012 the amount in
debt is of 140 monthly fees of 5.742 euros each, which bear interest of
6.25%, the last payment is on 31
st
August, 2024.
12. STOCKS
On 31 December 2012 and 2011, stocks were broken
down as follows:
Dec-12 Dec-11
Raw material and
consumables
3,500,520 3,560,475
Merchandise
94,249 104,610
3,594,769 3,665,085
Merchandise
74,981
74,981
Net stocks
3,519,788 3,590,104
