Consolidated Financial Statements
14. CASH AND CASH EQUIVALENTS
On 31
st
December 2015 and 2014, cash and cash equivalents are broken as follows:
Dec. 2015
Dec. 2014
Cash
694.890
604.978
Bank deposits
13.775.286
12.960.898
Treasury applications
906
906
Cash and bank deposits in the balance sheet
14.471.082
13.566.782
Bank overdrafts
-45.875
-95.169
Cash and cash equivalents in the cash flow statement
(1)
14.425.207
13.471.613
(1) There are no significant cash and cash equivalents unavailable for use by the Ibersol group. Of this amount 2.671.851 eur are deposited in Angola existing
restrictions on its use outside the country, authorization from BNA (Angola central bank) and access to the purchase of foreign currency is required.
Bank overdrafts include the creditor balances of
current accounts with financial institutions, in-
cluded in the consolidated statement of financial
position in the “bank loans” item (Note 17).
The amount of other payments / receipts relating
to operating activities in the consolidated cash
flow statement include, essentially, payments to
Social Security, VAT and related to other debt-
ors and creditors.
15. OTHER CURRENT ASSETS AND INCOME TAX RECEIVABLE
Other current assets on 31
st
December 2015 and 2014 are broken down as follows:
Dec. 2015
Dec. 2014
Clients (1)
3.688.266
3.733.279
State and other public entities (2)
203.710
219.434
Other debtors (3)
4.876.466
3.331.421
Advances to suplliers
94.089
321.639
Accruals and income (4)
1.591.708
1.042.710
Deferred costs (5)
1.781.688
1.693.763
Other current assets
12.235.927
10.342.246
Accumulated impairment losses
1.442.527
1.386.568
10.793.400
8.955.678
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