CONSOLIDATED FINANCIAL STATEMENTS
As for clients and other debts without impairment, the amounts are broken down as follows:
Dec. 2016
Dec. 2015
Debt not due
5,787,739
3,131,152
Debt due:
For less than 1 month
1,664,297
952,865
From one to three months
3,429,685
742,384
Over three months
3,504,148
2,295,803
14,385,869
7,122,205
Group main activity is carried out with sales paid in cash or credit or debit card (Note 3b).
The measurement of credit quality of the outstanding assets without impairment is not
relevant.
In catering, usually customers pay by advance in the hiring of the event. The amount of
other clients corresponds mainly to airlines from Lisbon airport concessions and the cate-
ring services contract to a grantor. And in other debtors, the balance is mainly made up of
debtors suppliers, debts to suppliers for the recovery of costs and the marketing contribu-
tions and rappel, which are not at risk because they are covered by liabilities on the same
suppliers.
December 31st, 2016 accounts receivable not due without impairment, is presented as follows:
Amount Default history
Franchise clients
247,392 with default history
Franchise clients
4,289,251 no default history
Catering clients
457,285 no default history
Other clients
53,813 no default history
Other clients
3,953 with default history
Other debtors c/c
73,695 with default history
Other debtors c/c
662,349 n/a
5,787,739
252
