IBERSOL Annual Report and Consolidated Accounts 2017

ANNUAL REPORT 2017 10.2. AVAILABLE-FOR-SALE FINANCIAL ASSETS Available for sale financial assets concern investments (bellow 20%) in non listed companies. Dec. 2017 Dec. 2016 Available-for-sale financial assets 497.108 440.541 497.108 440.541 Accumulated impairment losses 264.000 - 233.108 440.541 (1) Since it is not possible to reliably determine the fair value of Change Partners’ participation, due to prudence, the Company recorded an impairment loss equal to the acquisition value. 11. OTHER FINANCIAL ASSETS The amount of financial assets refers to the acquisition of Angola treasury bonds, resettable in accordance with the variation of the National Bank of Angola (BNA) exchange rate for the purchase of United States dollars, with rates interest coupon of default by maturity, with the following conditions: 11.1. Non-current Dec. 2017 Dec. 2016 Treasury bonds 17.823.906 10.438.768 17.823.906 10.438.768 Issue data 12-09-2017 07-11-2017 30-11-2017 14-12-2017 18-12-2017 Due date 05-09-2020 30-10-2020 27-11-2020 12-12-2020 12-12-2020 BNA exchange rate 165,096 165,097 165,098 165,098 165,098 Amount 603 725 500 2000 900 Value on 31/12/2017 673.395 809.642 558.377 2.233.509 1.005.079 Gross annual return 7% 7% 7% 7% 7% Issue data 17-02-2017 15-05-2017 10-08-2017 24-10-2017 07-11-2017 Due date 16-12-2019 26-07-2019 08-08-2020 24-10-2020 01-07-2020 BNA exchange rate 165,082 165,088 165,094 165,097 165,097 Amount 72 746 830 821 500 Value on 31/12/2017 76.314 871.752 926.906 916.850 558.374 Gross annual return 5% 7% 7% 7% 7% 251