IBERSOL Annual Report and Consolidated Accounts 2017

Consolidated Financial Statements As for clients and other debts without impairment, the amounts are broken down as follows: Dec. 2017 Dec. 2016 Debt not due 2.050.267 2.857.369 Debt due: For less than 1 month 2.438.378 1.664.297 From one to three months 2.019.282 3.233.077 Over three months 3.175.426 2.826.593 9.683.353 10.581.336 Group main activity is carried out with sales paid in cash or credit or debit card (Note 3b). In catering, clients usually pay a part for an advance, in the event hiring. The largest volume of credit comes from the supply of goods and debit from Royalty to franchisees. The amount of other customers essentially corresponds to credit sales to airlines at the airports where we operate and to the provision of catering services in a concession space. And in Other debtors, the balance consists essentially of debit balances of suppliers, debits to suppliers for the re- covery of charges and the contributions of marketing and rebate and that do not present risk because they are covered by credits on the same suppliers. December 31, 2017 accounts receivable not due without impairment, is presented as follows: amount Default history Franchise clients 364.876 with default history Franchise clients 742.533 no default history Catering clients 21.614 with default history Catering clients 115.932 no default history Other clients 286 with default history Other clients 161.529 no default history Other debtors c/c 78.436 with default history Other debtors c/c 565.062 no default history 2.050.267 256