CONSOLIDATED FINANCIAL STATEMENTS
On December 31st 2016 and 2015, the Balance Sheet, the Profit and Loss Account and Cash
Flows statement of the jointly controlled interest UQ Consult in Group Ibersol, were as follows:
Balance sheet
Dec. 2016
Dec. 2015
Tangible and intangible assets
498,954
637,820
Receivables from third parties
965,383
875,158
Cash and cash equivalents
54,520
76,278
Accruals and deferrals
192,433
163,980
Total assets
1,711,290
1,753,236
Equity
497,297
497,819
Long term term debts
127,719
127,811
Short term debts
929,922
858,310
Accruals and deferrals
156,352
269,296
Total liabilities
1,213,993
1,255,417
Total equity and liabilities
1,711,290
1,753,236
Profit and loss account
Dec. 2016
Dec. 2015
Operating income
2,704,418
2,445,317
Operating costs
-2,638,189
-2,459,029
Net financing cost
-28,230
-29,678
Pre-tax income
37,999
-43,390
Income tax
-38,520
-18,534
Net profit
-521
-61,924
Cash flows statement
2016
2015
Flows from operating activities
129,369
154,519
Flows from investment activities
-330,613
-38,155
Flows from financing activities
99,487
-109,258
Change in cash & cash equivalents
-101,757
7,106
Transactions between jointly controlled subsidiary UQ Consult and the Ibersol Group were
carried out at market prices.
246
