ANNUAL REPORT 2016
Impairment losses in the year 2016 and 2015 regarding other current assets are broken down
as follows:
Dec. 2016
Starting
balance
Perimeter
variation Cancellation
Losses in
the Year
(note 26)
Impairment
reversion
(note 26)
Closing
balance
Clients c/ a
1,023,033 2,038,061
-432,209 33,885 -156,468 2,506,302
Other debtors
419,494
-15,155
-156,764
-
-
247,575
Other debtors (Note 12)
134,342
-
-134,342
-
-
-
1,576,869 2,022,906 -723,315 33,885 -156,468 2,753,876
Dec. 2015
Starting
balance Cancellation
Losses
in the Year
(note 26)
Impairment
reversion
(note 26)
Closing
balance
Clients c/ a
977,285
-
116,279
-70,532
1,023,033
Other debtors
409,282
24,170
-13,958
-
419,494
Other debtors (Note 12)
158,512
-24,170
-
-
134,342
1,545,080
-
102,321
-70,532 1,576,869
16. EQUITY
16.1. SHARE CAPITAL
On 29 April 2016, the Group carried out a capital increase by incorporating a legal reserve in
the amount of 4.000.000 euros, with the creation of 4.000.000 new shares, distributed free of
charge to shareholders in proportion to a new for each group of 5 shares already held.
On December 31st 2016 and 2015, fully subscribed and paid up share capital was represented
by, respectively, 24.000.000 and 20.000.000 shares to the bearer with a par value of 1 euro
each.
16.2. OWN SHARES
With the capital increase, Ibersol increased its own shares by 399.980, in addition it sold 100
shares and acquired 25 shares in the year 2016. In the year 2015 the company did not carry
out any transactions with own shares.
Shares are subject to the regime established for own shares which determines that their
voting rights and assets are suspended for as long as they remain in the ownership of the
Group, without prejudice to being sold.
At the end of the year the company held 2.399.905 own shares acquired for 11.179.347 euros.
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