APPENDIX II: ADDITIONAL INFORMATION
TREASURY SHARES TRANSACTIONS:
I. Transaction performed/objective |
Number of shares |
% of capital |
Nominal (thousand euros) |
Amount paid (thousand euros) |
Number of shares applied to the objective |
Total number of shares |
II. Closing balance at 31 December 2015 |
|
|
|
|
|
954,805 |
Capital reduction |
15,547,735 |
2.1% |
3,110 |
-275,000 |
-16,308,725 |
-760,990 |
Discretionary and other |
2,407,250 |
0.3% |
481 |
-42,255 |
0 |
2,407,250 |
Compensation systems |
2,670,561 |
0.4% |
534 |
-50,586 |
-2,871,399 |
-200,838 |
Shares received as payment for the flexible dividend |
374,947 |
0.1% |
75 |
0 |
0 |
374,947 |
III. Closing balance at 31 December 2016 |
|
|
|
|
|
2,775,174 |
AVERAGE PAYMENT PERIOD
In compliance with the obligation to disclose the average period of payment to suppliers provided for in Article 539 and Additional Provision Eight of the Spanish Limited Liability Companies Law (in accordance with the new wording of Final Provision Two of Law 31/2014 reforming the Spanish Limited Liability Companies Law), the Company hereby states that the average period of payment to the suppliers of all the Group companies domiciled in Spain in 2016 was 55 days.
Set forth below is the detail required by Article 6 of the Spanish Accounting and Audit Institute Resolution of 29 January 2016 in relation to the disclosures to be provided on the average period of payment to suppliers in the 2016 and 2015:
|
2016 |
2015 |
|
Days |
Days |
Average period of payment to suppliers |
55 |
48 |
Ratio of transactions settled |
55 |
48 |
Ratio of transactions not yet settled |
53 |
53 |
|
Amount (euros) |
Amount (euros) |
Total payments made |
1,108,783,232 |
1,007,118,250 |
Total payments outstanding |
52,916,260 |
54,792,695 |
The mutual intra-group commercial transactions between companies belonging to the Ferrovial Group are not included in the consolidation process, meaning the consolidated balance sheet contains no outstanding balances due to companies within the group. Thus, the information detailed in the previous table refers solely to suppliers outside of the Group, noting for information purposes that the average payment period between Group companies is generally 30 days.