IBERSOL | 2019 Annual Report

2019 ANNUAL REPORT Bank overdrafts include the creditor balances of current accounts with financial ins- titutions, included in the consolidated statement of financial position in the “bank loans” item (Note 17). The amount of other payments / receipts relating to operating activities in the con- solidated cash flow statement include, essentially, payments to Social Security, VAT and related to other debtors and creditors. 15. OTHER CURRENT ASSETS Other current assets on 31st December 2019 and 2018 are broken down as follows: Dec/2019 Dec/2018 Clients (1) 9 398 831 9 546 044 State and other public entities (2) 6 264 376 4 364 242 Other debtors (3) 8 659 243 6 721 003 Advances to suplliers 226 991 425 158 Advances to fixed suppliers 539 636 - Accruals and income (4) 7 600 004 6 929 484 Deferred costs (5) 1 577 647 2 562 368 Other current assets 34 266 728 30 548 299 Accumulated impairment losses 2 585 661 2 931 120 31 681 067 27 617 179 (1) Current balance arising essentially by the Catering and Franchising activity developed by Ibersol, respectively, from around 3.3 million eur and 5.1 million eur (2.3 million and 6 million in 2018). (2) Current balance of recoverable VAT amounts 6,114,088 eur (4,364,024 euros in 2018). (3) Balance refers mainly to meal vouchers (delivered by customers), advances and balances suppliers, debts to suppliers, recovery of costs and the marketing contributions and rappel debt. (4) Accruals and income item is broken down into the following items: Dec/2019 Dec/2018 Interest 245 981 333 804 Suppliers contracts 5 660 143 5 215 082 Ascendi reimbursement (Note 26) 486 528 572 398 Program "Cartão Continente" 505 961 499 470 Other 701 392 308 730 7 600 004 6 929 484 (5) Deferred costs are broken down as follows: 263