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Financial information

Average period of payment to suppliers

Average period of payment to suppliers

Average period of payment to suppliers

In 2017, the average period of payment to suppliers was 25 days, a time frame that stands below the legal maximum of 60 days.

2017

The average payment period to suppliers for the Group's Spanish companies in 2017 was 25 days, a time frame that stands below the legal maximum of 60 days established by the Spanish Law 15/2010, of July 5 (amended by final provision two of Law 31/2014), which sets out measures to combat late payment in commercial transactions. For further information, see Note 19 on “Trade payables and other payables” of the 2017 consolidated financial statements.

2016

The average payment period to suppliers for the Group's Spanish companies in 2016 was 27 days, a time frame that stands below the legal maximum of 60 days established by the Spanish Law 15/2010 from July 5th (amended by final provision two of Law 31/2014), which sets out measures to combat late payments in commercial operations. For more information, see Note 19 on "Trade payables and other payables" of the 2016 consolidated financial statements.

2015

The average payment period to suppliers for the Group's Spanish companies in 2015 was 29 days, a time frame that stands below the legal maximum of 60 days established by the Spanish Law 15/2010 from July 5th (amended by final provision two of Law 31/2014), which sets out measures to combat late payments in commercial operations. For more information, see Note 19 on "Trade payables and other payables" of the 2015 consolidated financial statements.