Consolidated Financial Statements
11. OTHER FINANCIAL ASSETS
The breakdown of other financial assets is presented as follows:
Dec. 2015
Dec. 2014
Treasury bonds
7.098.836
-
7.098.836
-
The amount of financial assets refers to the ac-
quisition of Angola treasury bonds, resettable in
accordance with the variation of the National
Bank of Angola (BNA) exchange rate for the pur-
chase of United States dollars, with rates inter-
est coupon of default by maturity, with the fol-
lowing conditions:
1
st
acquisition
2
nd
acquisition
3
rd
acquisition
Issue data
15/11/04
15/11/24
15/12/02
Due date
17/10/27
17/12/01
17/11/24
BNA exchange rate
134,634
134,642
134,638
Amount
2.073
2.070
2.073
Acquisition price
2.367.350 €
2.364.065 €
2.367.421 €
Gross annual return
7%
7%
7%
12. OTHER NON-CURRENT ASSETS
The details on other non-current assets on 31 December 2015 and 2014 are as follows:
Dec. 2015
Dec. 2014
Other debtors:
Deposits
(1)
693.974
703.550
Credits granted
(2)
849.364
942.776
Other non-current assets
1.543.338
1.646.326
Accumulated impairment losses
134.342
158.512
1.408.996
1.487.814
(1) balance of long term deposits and securities from Spain subsidiaries, resulting from lease agreements.
(2) Spain franchising debts concerning granted financing in subsidiary Vidisco, with a payment agreement.
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