193
ANNUAL REPORT AND CONSOLIDATED ACCOUNTS 2013
Only Financial Assets (such as Clients and Other Debtors)
presents impairment losses, as Note 14. On 31st Decem-
ber 2013 and 2012, gains or losses related with these fi-
nancial assets and liabilities were as follows:
Profit/ (Loss)
Dez-13
Dez-12
Accounts receivable
-128,071
-11,050
Assets available
for sale
-
-
Assets at
amortised cost
-
-
-128,071
-11,050
The interest of financial assets and liabilities were as
follows:
Interest
Dez-13
Dez-12
Accounts receivable
-
-
Assets available
for sale
-
-
Liabilities at
amortised cost
2,148,382 2,157,199
2,148,382 2,157,199
29. DIVIDENDS
At the General Meeting of 6th May 2013, the compa-
ny decided to pay a gross dividend of 0,055 euros per
share (0,055 euros in 2012), which was paid on 5th June
2013 corresponding to a total value of 990.000 euros
(990.000 euros in 2012).
30. CASH FLOWS FROM OPERATIONS
Cash flows from operations are broken down as follows:
2013
2012
Receipts from clients
173,273,777 169,654,587
Payments to supliers
-107,167,869 -103,241,372
Staff payments
-41,622,124 -47,620,023
Payments/receipt of
income tax
43,092 -1,984,087
Other paym./receipts
related with operating
activities
(1)
-7,062,335 -2,047,145
Cash flow generated
by the operations
17,464,541 14,761,960
(1) includes mainly social security payments, VAT and other debtors
and creditors debt.
31. CONTINGENT ASSETS AND LIABILITIES
The group has contingent liabilities regarding bank and
other guarantees and other contingencies related with
its business operations (as licensing, advertising fees,
food hygiene and safety and employees, and the rate of
success of these processes is historically high in Ibersol).
No significant liabilities are expected to arise from the
said contingent liabilities.
