IBERSOL Annual Report and Consolidated Accounts 2017

Consolidated Financial Statements 14. CASH AND CASH EQUIVALENTS On 31st December 2017 and 2016, cash and cash equivalents are broken as follows: Dec. 2017 Dec. 2016 Cash 2.979.988 2.556.736 Bank deposits 31.922.395 37.031.296 Treasury applications 500 500 Cash and bank deposits in the balance sheet 34.902.883 39.588.532 Bank overdrafts -20.344 -1.805.643 Cash and cash equivalents in the cash flow statement (1) 34.882.539 37.782.889 (1) there are no significant cash and cash equivalents unavailable for use by the Ibersol group. Of this amount 3.502.329 eur (7.692.042 eur in 2016) are deposited in Angola, existing restrictions on its use outside the country, authorization from BNA (Angola central bank) and access to the purchase of foreign currency is required. Bank overdrafts include the creditor balances of current accounts with financial institutions, 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 consolidated 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 2017 and 2016 are broken down as follows: Dec. 2017 Dec. 2016 Clients (1) 7.045.044 8.128.789 State and other public entities (2) 1.821.312 1.542.489 Other debtors (3) 4.797.968 5.206.424 Advances to suplliers 443.940 236.513 Advances to financial investments debt 320.781 2.900.000 Accruals and income (4) 5.060.103 6.695.481 Deferred costs (5) 2.494.073 2.841.775 Other current assets 21.983.221 27.551.471 Accumulated impairment losses 2.159.659 2.753.877 19.823.562 24.797.594 254