IBERSOL Annual Report and Consolidated Accounts 2017

ANNUAL REPORT 2017 On 31 December 2017 the future (contractual) Cash Flows associated to these liabilities are broken down as follows: FC 2018 FC 2019 FC 2020 FC 2021 FC 2022 FC 2023 Other creditors 39.760 28.848 28.848 28.848 28.848 24.040 22. ACCOUNTS PAYABLE TO SUPPLIERS AND ACCRUED COSTS On 31st December 2017 and 2016, accounts payable to suppliers and accrued costs were broken down as follows: Dec. 2017 Dec. 2016 Suppliers c/ a 27.049.455 27.255.349 Suppliers - invoices pending approval 6.141.905 5.662.335 Suppliers of fixed assets c/ a 12.692.845 15.521.698 Total accounts payable to suppliers 45.884.205 48.439.382 Accrued costs - Payable insurance 103.862 127.157 Accrued costs - Payable remunerations 6.802.163 6.108.273 Accrued costs - Performance bonus 1.773.323 1.986.314 Accrued costs - Payable interest 455.734 384.271 Accrued costs - External services 9.935.558 7.437.232 Accrued costs - Other 2.567.494 1.017.591 Total acrrued costs 21.638.134 17.060.838 Total accounts payable to suppl.and accrued costs 67.522.339 65.500.220 23. OTHER CURRENT LIABILITIES AND INCOME TAX PAYABLE On 31st December 2017 and 2016, the item “Other current liabilities” may be broken down as follows: Dec. 2017 Dec. 2016 Other creditors (1) 9.900.301 10.933.132 State and other public entities (2) 7.677.912 7.035.937 Deferred income (3) 691.832 657.354 18.270.045 18.626.423 (1) This amount relates mainly to services rendered by a third party, debt to grantor and amounts payable to staff (in the meantime settled in January of the following year). (2) balance due mainly to payable VAT amounts (3.063.697 euros) and Social Security (3.453.936 euros). 267