APPENDIX III: ADDITIONAL INFORMATION

TREASURY SHARE TRANSACTIONS

TRANSACTION PERFORMED/OBJECTIVE

NUMBER OF SHARES ACQUIRED

NUMBER OF
SHARES USED
FOR OBJECTIVE

TOTAL
NUMBER
OF SHARES

Balance at 31/12/16

 

 

2,775,174

Capital reduction

14,593,242

-17,000,192

-2,406,950

Discretionary shares and other

1,569,148

0

1,569,148

Compensation systems

830,371

-1,024,694

-194,323

Shares received as payment for the scrip dividend

424,188

0

424,188

Balance at 31/12/17

 

 

2,167,237

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 49 days.

The following table shows, as required under Act 6 of the Ruling of 29 January 2016 by the Institute for Accounting and Accounts Auditing, the information relating to the average periods for making payments to suppliers in 2017 and 2016:

DAYS

2017

2016

Average period of payment to suppliers

49

55

Ratio of transactions settled

49

55

Ratio of transactions not yet settled

48

53

Amount (euros)

 

 

Total payments made

1,227,935,075

1,108,783,232

Total payments outstanding

45,114,969

52,916,260

The mutual intra-group commercial transactions between companies belonging to Ferrovial are not included in the consolidation process, meaning the consolidated balance sheet contains no outstanding balances to Ferrovial companies. Thus, the information detailed in the previous table refers solely to suppliers outside of the Company, noting for information purposes that the average payment period between Ferrovial companies is generally 30 days.

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