IBERSOL Annual Report 2018

Consolidated Financial Statements Group main activity is carried out with sales paid in cash or credit or debit card (Note 3b). In catering, clients usually pay a part for an advance, in the event hiring. The largest volume of credit comes from the supply of goods and debit from Royalty to fran- chisees. The amount of other customers essentially corresponds to credit sales to airlines at the airports where we operate and to the provision of catering services in a concession space. And in Other debtors, the balance consists essentially of debit balances of suppliers, debits to suppliers for the recovery of charges and the contribu- tions of marketing and rebate and that do not present risk because they are covered by credits on the same suppliers. December 31, 2018 accounts receivable not due without impairment, is presented as follows: amount Default history Franchise clients 138.458 with default history Franchise clients 1.381.503 no default history Catering clients 54.125 no default history Other clients 15.325 with default history Other clients 157.897 no default history Other debtors c/c 1.165.215 no default history 2.912.522 Impairment losses in the year 2018 and 2017 regarding other current assets are broken down as follows: Year Ended December 31, 2018 Starting balance Perimeter variation Cancellation Losses in the Year (note 26) Impairment reversion (note 26) Closing balance Clients c/ a 1.823.780 - 141.347 843.800 -184.787 2.624.140 Other debtors 335.880 -28.899 - - - 306.981 2.159.660 -28.899 141.347 843.800 -184.787 2.931.121 270