Average supplier payment period
Information on the average supplier payment period. Third additional provision. “Duty of information” of Law 15/2010, of 5 July. (According to the new wording given by the second final provision of Law 31/2014 reforming the Capital Companies Act).
In accordance with the provisions of the aforementioned law, as well as the resolution of the Spanish Institute of Accountants and Auditors (ICAC) of 29 January 2016, the following information is disclosed in relation to the average payment period to suppliers by the Group’s Spanish companies:
| 2022 | 2021 | |
|---|---|---|
| Average supplier payment period | 35 days | 32 days |
| Ratio of paid transactions | 36 days | 33 days |
| Ratio of transactions pending payment | 28 days | 25 days |
| Total payments made | €55,617,265 | €44,597,777 |
| Total outstanding payments | €8,731,352 | €7,158,261 |
In accordance with the new regulations required by Article 9 of Law 18/2022, of 28 September, in addition to the above information, the following information is indicated:
| 2022 | |
|---|---|
| Monetary volume less than the legal term | 47,403,893 |
| % of total payments made | 85% |
| Total invoices | 27,221 |
| Number of invoices less than the legal term | 19,324 |
| & on total invoices | 71% |
This information is included only with respect to fully consolidated companies located in Spain.