IBERSOL Annual Report and Consolidated Accounts 2017

ANNUAL REPORT 2017 Impairment losses in the year 2017 and 2016 regarding other current assets are broken down as follows: Exercício findo em 31 December 2017 Starting balance Perimeter variation Cancellation Losses in the Year (note 26) Impairment reversion (note 26) Closing balance Clients c/ a 2.506.302 - -1.176.843 614.271 -119.940 1.823.789 Other debtors 247.575 305 - 88.000 - 335.880 2.753.876 305 -1.176.843 702.271 -119.940 2.159.668 Exercício findo em 31 December 2016 Starting balance Perimeter variation Cancellation Losses in the Year (note 26) Impairment reversion (note 26) Closing balance Clients c/ a 1.023.033 2.038.061 -432.209 33.885 -156.468 2.506.302 Other debtors 419.494 -15.155 -156.764 - - 247.575 Other debtors (Note 12) 134.342 - -134.342 - - - 1.576.869 2.022.906 -723.315 33.885 -156.468 2.753.876 16. EQUITY 16.1. SHARE CAPITAL On 26th May 2017, the group carried out a capital increase by incorporating free reserves in the amount of 6.000.000 euros, registered in July and admitted to listing on September 06, determining the creation of 6.000.000 new shares, distributed free of charge to sharehold- ers in proportion to a new for each group of 4 shares already held. In 2016, a capital increase of 20 million euros to 24 million euros was proposed and ap- proved, by incorporation of legal reserve. On 31st December 2017 and 2016, fully subscribed and paid up share capital was repre- sented by, respectively, 30.000.000 and 24.000.000 shares to the bearer with a par value of 1 euro each. 257