ANNUAL REPORT 2016
(1) Current balance arising essentially by the Catering and Franchising activity developed by
Ibersol, respectively, from around 3 million eur and 8.5 million eur.
(2) Current balance of recoverable VAT amounts (1,538,802 euros in 2016).
(3) Balance refers mainly to meal vouchers (delivered by customers), advances and balances
suppliers, debts to suppliers, recovery of costs and the marketing contributions and rappel
debt. Additionally in 2015, it includes the amount reclassified from intangible assets in
progress (Note 9) amounting to 2,071,479 eur corresponding to the amount paid for the
concessions with no opening and that will be returned in 2016.
(4) Accruals and income item is broken down into the following items:
Dec. 2016
Dec. 2015
Interest
316,740
129,080
Suppliers contracts
5,391,744
1,089,404
Ascendi reimbursement
415,595
-
Other
553,840
373,224
6,677,919
1,591,708
(5) Deferred costs are broken down as follows:
Dec. 2016
Dec. 2015
Rents and condominium fees
1,332,440
1,112,940
External supplies and services
260,517
249,786
Expenses with raw material
80,449
121,209
Financing charges
394,311
-
Other
774,059
297,753
2,841,775
1,781,688
Financial assets impairment is broken down as follows:
Dec. 2016
Dec. 2015
With
Impairment
Without
Impairment
With
Impairment
Without
Impairment
Clients c/a
2,506,302
9,427,020
1,023,033
2,665,233
Other debtors
247,575
4,958,849
419,493
4,456,973
2,753,877 14,385,869
1,442,527
7,122,205
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