IBERSOL Annual Report and Consolidated Accounts 2017

Consolidated Financial Statements 20. DERIVATIVE FINANCIAL INSTRUMENT On December 31, 2017 and 2016 the detail of Ibersol derivative financial instruments is pre- sented as follows: Dec. 2017 Dec. 2016 Swap 235.455 114.935 Derivative financial instruments 235.455 114.935 The derivatives of the Ibersol group are hedging for an interest rate swap with the purpose of covering the risk of future cash flows and are detailed as follows: Ibersol SGPS Ibersol SGPS Asurebi SGPS Initial date 19-05-2017 08-06-2017 05-09-2014 Due date 20-10-2022 14-11-2022 15-07-2019 Fixed interest rate 0,39% 0,395% 0,78% Variable interest rate Euribor 6M* Euribor 3M* Euribor 1M Amount on 31st December 2017 24.000.000 8.000.000 5.000.000 (*) with floor zero This derivative is classified as a level 2 category and its technical valuation based on a market approach (MTM). As the derivative financial instrument was not registered under hedge accounting, its changes in fair value are reflected in the income of the year (120.519 eur in 2017 and 66.666 euros in 2016, Note 27). 21. OTHER NON-CURRENT LIABILITIES On 31st December 2017 and 2016, the item “Other non-current liabilities” may be broken down as follows: Dec. 2017 Dec. 2016 Other creditors (1) 179.192 208.040 Other non-current liabilities 179.192 208.040 (1) includes 168.280 eur (197.128 eur in 2016) referring to the debt for the purchase of subsidiary Vidisco, S.L. 266