IBERSOL Annual Report 2018

Consolidated Financial Statements 22. ACCOUNTS PAYABLE TO SUPPLIERS AND ACCRUED COSTS On 31st December 2018 and 2017, accounts payable to suppliers and accrued costs were broken down as follows: dec/2018 dec/2017 Suppliers c/ a 35.423.289 27.049.455 Suppliers - invoices pending approval 2.075.556 6.141.905 Suppliers of fixed assets c/ a 20.577.254 12.692.845 Total accounts payable to suppliers 58.076.099 45.884.205 Accrued costs - Payable insurance 78.685 103.862 Accrued costs - Payable remunerations 8.363.349 6.802.163 Accrued costs - Performance bonus 1.760.149 1.773.323 Accrued costs - Rent and lease 6.382.705 5.540.074 Accrued costs - External services 4.543.492 4.395.484 Accrued costs - Other 2.183.293 3.023.228 Total acrrued costs 23.311.673 21.638.134 Total accounts payable to suppl.and accrued costs 81.387.772 67.522.339 23. OTHER CURRENT LIABILITIES AND INCOME TAX PAYABLE On 31st December 2018 and 2017, the item “Other current liabilities” may be broken down as follows: dec/2018 dec/2017 Other creditors (1) 4.696.932 9.900.301 State and other public entities (2) 8.025.248 7.677.912 Deferred income (3) 534.154 691.832 Other current liabilities 13.256.334 18.270.045 (1) This amount relates mainly to services rendered by a third parties, debt to a grantor and, in the case of the balance at 31 December 2017, amounts payable to personnel (in the meantime settled in January of the following year). (2) balance due mainly to payable VAT amounts (3.214.249 euros) and Social Security (3.694.305 euros). (3) the Deferred Income item includes the following amounts: dec/2018 dec/2017 Contracts with suppliers (1) 222.143 409.457 Investment subvention 304.826 272.980 Other 7.185 9.395 534.154 691.832 (1) the value of contracts with suppliers corresponds to revenue obtained from suppliers up to 31 December and for subsequent periods. 280