IBERSOL | 2019 Annual Report

2019 ANNUAL REPORT 10.2. AVAILABLE-FOR-SALE FINANCIAL ASSETS Available for sale financial assets concern investments (bellow 20%) in non listed companies. Dec/19 Dec/18 Non-current financial assets 699 226 475 430 699 226 475 430 Accumulated impairment losses 264 000 264 000 435 226 211 430 (1) because it is not possible to reliably determine the fair value of the Change Partners, for prudence, the Company recor- ded an impairment loss equal to the purchase price. 11. OTHER FINANCIAL ASSETS The amount of financial assets refers to the acquisition of Angola treasury bonds (TB’s), 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, as follows: Dec/2019 Dec/2018 Current Non current Total Current Non current Total Treasury bonds 13 501 309 2 832 828 16 334 138 4 040 342 16 509 280 20 549 622 Sub-total 13 501 309 2 832 828 16 334 138 4 040 342 16 509 280 20 549 622 Accumulated impairment losses 584 688 122 678 707 366 184 967 755 795 940 762 Total 12 916 621 2 710 150 15 626 772 3 855 375 15 753 485 19 608 860 The indices used for Probability of Default and Loss Given Default are in accordance with the publication of Moodys and S&P, about 7.34% (7.63% in 2018), considering the rating of the Republic of Angola, and 59% (60% in 2018), respectively. 11.1. NON-CURRENT Dec/2019 Dec/2018 Treasury bonds 2 832 828 16 509 280 2 832 828 16 509 280 Accumulated impairment losses 122 678 755 795 2 710 150 15 753 485 259