Information on payment deferrals made to suppliers. Third additional provision. “Duty of information” under Law 15/2010, of 6 July - The information required by the third additional provision of Law 15/2010, of 5 July (as amended through the second final provision of Law 31/2014, of 3 December) is detailed below. prepared in accordance with the ICAC Resolution of 29 January, 2016, on the information to be included in the annual accounts in relation to the average period of payment to suppliers in commercial operations.
Pursuant to the ICAC Resolution, commercial operations corresponding to the delivery of goods or services accrued since the date of entry into force of Law 31/2014, of 3 December.
Commercial creditors for debts with suppliers of goods or services, included in the “Suppliers” items of the current liabilities of the balance sheet, are considered suppliers, for the exclusive purposes of providing the information provided in this Resolution.
“Average period of payment to suppliers” means the period that elapses from the delivery of the goods or the provision of services by the supplier and the material payment of the operation.
The maximum legal payment term applicable to the Company according to Law 3/2004, of 29 December, which establishes measures to combat late payment in commercial operations, in accordance with the transitory provisions established in Law 15/2010, of 5 July, and according to Royal Decree-Law 4/2013, of 22 February, on measures to support the entrepreneur and stimulate growth and job creation,cannot in case greater be than 60 calendar days after the date of receipt of the goods or provision of the services (30 days in the absence of an agreement between the parties).
Additionally,It should be noted that the majority of the Company`s payments are made via confirming and the issuance of the same occurs, in practically all cases, within the term of 60 days, as agreed.