IBERSOL | Annual Report 2020

ANNUAL REPORT 2020 10.2. NON-CURRENT FINANCIAL ASSETS Non-current financial assets are presented as follows: dez. 2020 dez. 2019 Non-current financial assets 838.737 699.226 838.737 699.226 Accumulated impairment losses 264.000 264.000 574.737 435.226 Since it is not possible to reliably determine the fair value of the Change Partners, for prudence, the Com- pany recorded an impairment loss equal to the purchase price. Therefore, the balance refers mainly to the Work Compensation Fund. 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/ 2020 dec/ 2019 Current Non Current Total Current Non Current Total Treasury bonds 1.655.983 949.956 2.605.939 13.501.309 2.832.828 16.334.138 Sub-total 1.655.983 949.956 2.605.939 13.501.309 2.832.828 16.334.138 Accumulated impairment losses 37.724 126.029 163.753 584.688 122.678 707.366 Total 1.618.259 823.927 2.442.186 12.916.621 2.710.150 15.626.772 Indices used for Probability of Default and Loss Given Default are in accordance with the publication of Moodys and S&P, about 7,34%, considering the rating of the Republic of Angola, and 59%, respectively. 363