3.6 NON-CURRENT FINANCIAL ASSETS

The changes in “Non-Current Financial Assets” in the year ended 31 December 2016 were as follows:

Changes in 2016

(Millions of euros)

Non-current loans to associates

Restricted cash relating to infrastructure projects and other financial assets

Other long-term accounts receivable

Total

Note: balances presented net of allowances.

Balance at 01/01/16

411

261

83

755

Additions

52

153

-2

204

Disposals

-27

-112

-16

-154

Transfers and other

-17

-61

0

-78

Changes in the scope of consolidation

4

0

41

45

Exchange rate effect

-47

7

8

-32

Balance at 31/12/16

376

249

112

738

  • “Long-Term Loans to Associates” includes mainly the loan granted to AGS amounting to EUR 253 million; participating loans to associates amounting to EUR 38 million (2015: EUR 38 million) and other ordinary loans to associates totalling EUR 85 million (2015: EUR 58 million).
  • “Restricted Cash Relating to Infrastructure Projects and Other Financial Assets” relates primarily to deposits made at toll road concession operators, the use of which is limited to certain purposes established in the concession arrangement, such as payment of future investments or operating expenses and debt servicing. The additions relate mainly to two projects; LBJ Infrastructure Group for EUR 63 million and NTE Mobility Partners for EUR 62 million. The Note on Net cash position, provides detail on the main balances and changes recognised under this heading.
    • Lastly, “Other Receivables” includes:
    • Trade accounts receivable by the Services Division from various public authorities, mainly municipal councils and autonomous community governments, which had been renegotiated at long term, amounting to approximately EUR 26 million (2015: EUR 25 million).
    • Other trade receivables, mainly from various public authorities in connection with long-term contracts, amounting to EUR 42 million (31 December 2015: EUR 51 million).
    • Long-term deposits and guarantees amounting to EUR 7 million (December 2015: EUR 6 million).
    • Available-for-sale financial assets of EUR 37 million relating to the Services Division. Specifically, this refers to a financial asset belonging to Broadspectrum, corresponding to non-controlling interests in certain companies.

The changes in these items in 2015, for information purposes, were as follows:

Changes in 2015

(Millions of euros)

Non-current loans to associates

Restricted cash relating to infrastructure projects and other financial assets

Other long-term accounts receivable

Total

Balance at 01/01/15

375

405

76

856

Additions

24

114

51

189

Disposals

0

-186

-9

-195

Transfers

-4

-102

-18

-124

Changes in the scope of consolidation

0

0

0

0

Exchange rate effect

16

31

-17

30

Balance at 31/12/15

411

261

83

754

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