IBERSOL Annual Report and Consolidated Accounts 2017

ANNUAL REPORT 2017 (1) Current balance arising essentially by the Catering and Franchising activity developed by Ibersol, respectively, from around 3 million eur and 3,1 million eur (3 million and 4,5 million in 2016). (2) Current balance of recoverable VAT amounts 1.810.044 eur (1.538.802 euros in 2016). (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. 2017 Dec. 2016 Interest 350.662 316.740 Suppliers contracts 3.416.930 5.391.744 Ascendi reimbursement (Note 26) 532.289 415.595 Program "Cartão Continente" 456.216 - Other 304.006 571.402 5.060.103 6.695.481 (5) Deferred costs are broken down as follows: Dec. 2017 Dec. 2016 Rents and condominium fees 1.415.687 1.332.440 External supplies and services 290.978 260.517 Expenses with raw material 36.843 80.449 Financing charges 422.631 394.311 Other 327.934 774.059 2.494.073 2.841.775 Financial assets impairment is broken down as follows: Dec. 2017 Dec. 2016 With Impairment Without Impairment With Impairment Without Impairment Clients c/a 1.912.389 5.132.655 2.506.302 5.622.487 Other debtors 247.270 4.550.698 247.575 4.958.849 2.159.659 9.683.353 2.753.877 10.581.336 255