APPENDIX III: ADDITIONAL INFORMATION
TREASURY SHARE TRANSACTIONS
TRANSACTION PERFORMED/OBJECTIVE |
NUMBER OF SHARES ACQUIRED |
NUMBER OF |
TOTAL |
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.