CONSOLIDATED FINANCIAL STATEMENTS
Other operating income in the years ending on December 31st 2016 and 2015 are broken down
as follows:
Other operating income
2016
2015
Supplementary income (1)
6,292,268
1,962,398
Compensations (2)
2,397,758
-
Operating grants
154,367
155,530
Impairment adjustments reversion
156,468
70,532
Investment grants
79,507
34,317
Gains in fixed assets
1,752
250
Other operating gains
7,850
8,747
9,089,970
2,231,774
(1) Mainly from revenues from contracts with suppliers and services rendered to third parties, from consulting firms, amounting to 951 thousand euros,
which are non-recurring in nature.
(2) As a result of the formalization of the agreement entered into with Ascendi, non-recurring income of 2,397,758 euros was recorded in operating
income corresponding to compensation for loss of traffic in former scuts (free highways).
27. NET FINANCING COST
Net financing cost in the years ending on December 31st 2016 and 2015 are broken down as
follows:
2016
2015
Interest paid
2,786,616
1,261,542
Interest earned
-2,554,156
-72,663
Currency exchange differences (1)
-95,540
2,366,406
Payment discounts obtained
-10,625
-9,321
Other financial costs and income
1,069,130
733,787
1,195,425
4,279,751
(1) In 2016, essentially related to:
(a) Aenor’s compensation interest. It was agreed not to install the Service Areas of Guimarães, Fafe and Paredes and the respective conces-
sion rights that gave rise to the receipt of contractual interest in the amount of 1,570,323 euros;
(b) Interest on treasury bonds.
(2) In 2015 the devaluation of Kwanza (AOA) against major currencies, with particular emphasis on the USD led to potential unfavorable exchange rate
differences in Angola for updating assets and liabilities in foreign currency. In 2016, this exchange rate adjustment was accounted in other operating
costs (around 0.4 million euros).
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