IBERSOL Annual Report 2018

ANNUAL REPORT 2018 Balance sheet dec. 2018 dec. 2017 Tangible and intangible assets 1.072.704 1.011.660 Other financial investments 130 - Receivables from third parties 982.431 806.887 Cash and cash equivalents 17.504 39.013 Accruals and deferrals 330.654 288.609 Total assets 2.403.423 2.146.169 Equity 581.719 502.807 Long term term debts 342.221 488.296 Short term debts 1.204.219 971.914 Accruals and deferrals 275.263 183.152 Total liabilities 1.821.703 1.643.362 Total equity and liabilities 2.403.423 2.146.169 Profit and loss account dec. 2018 dec. 2017 Operating income 3.418.434 2.804.942 Operating costs -3.214.638 -2.719.008 Net financing cost -49.726 -32.415 Pre-tax income 154.070 53.519 Income tax -75.159 -48.009 Net profit 78.911 5.510 Cash flows statement 2018 2017 Flows from operating activities 1.343.297 323.561 Flows from investment activities -990.261 -158.934 Flows from financing activities -479.681 -160.134 Change in cash & cash equivalents -126.645 4.493 Transactions between jointly controlled subsidiary UQ Consult and the Ibersol group were carried out at market prices. 10.2. AVAILABLE-FOR-SALE FINANCIAL ASSETS Available for sale financial assets concern investments (bellow 20%) in non listed companies. 263