The breakdown of this item in the accompanying statement of profit or loss is as follows:
2019 |
2018 |
2017 |
|
|---|---|---|---|
IT and systems |
(435) |
(373) |
(298) |
Advertising and publicity * |
(190) |
(174) |
(143) |
Property and fixtures |
(114) |
(115) |
(113) |
Rent ** |
(44) |
(185) |
(178) |
Communications |
(71) |
(70) |
(60) |
Outsourced administrative services |
(86) |
(109) |
(142) |
Tax contributions |
(38) |
(40) |
(31) |
Surveillance and security carriage services |
(34) |
(33) |
(32) |
Representation and travel expenses |
(55) |
(57) |
(50) |
Printing and office materials |
(16) |
(12) |
(15) |
Technical reports |
(58) |
(56) |
(56) |
Legal and judicial |
(16) |
(15) |
(16) |
Governing and control bodies |
(10) |
(10) |
(8) |
Other expenses |
(81) |
(47) |
(27) |
Total |
(1,248) |
(1,296) |
(1,169) |
* Includes advertising in media, sponsorships, promotions and other commercial expenses.
** The short-term amount of rental expenses in which IFRS 16 has not been applied is immaterial.
"Technical reports" relates to fees and expenses, excluding the related VAT, paid to the auditor, broken down as follows:
2019 |
2018 |
2017 |
|
|---|---|---|---|
Auditor of the Group (PwC in 2019 and 2018; Deloitte in 2017) |
4,974 |
4,862 |
11,028 |
Audit |
3,817 |
3,762 |
3,766 |
Audit |
3,285 |
2,817 |
2,879 |
Limited review |
532 |
945 |
887 |
Other services |
1,157 |
1,100 |
7,262 |
Financial due diligence |
|
|
438 |
Comfort letters for issues |
350 |
179 |
450 |
Agreed procedural reports |
804 |
707 |
948 |
Other work |
3 |
214 |
758 |
Support works in inspection activities |
|
|
661 |
Regulatory advice |
|
|
2,964 |
Cybersecurity services |
|
|
995 |
Tax advisory services |
|
|
48 |
Other auditors ** |
|
40 |
4,205 |
Audit |
|
40 |
188 |
Other services |
|
|
4,017 |
Total |
4,974 |
4,902 |
15,233 |
(*) The services contracted with our auditors comply with the Spanish Auditing Act's requirements of independence, and none of the work performed is incompatible with auditing duties.
(**) Furthermore, in 2019, the accounts auditor of a Group company that is not deemed a Public Interest Entity, invoices an amount of EUR 80 thousand for its audit (EUR 85 thousand in 2018). Furthermore, the fees for other services invoiced by this auditor and its network to the Group in 2019 amount to EUR 9,661 thousand (EUR 7,823 thousand in 2018).
The following tables provide a breakdown of the required information relating to payments made and pending at the balance sheet date:
|
2019 |
|---|---|
Total payments made |
2,807 |
Total payments pending |
42 |
Total payments in the year |
2,849 |
|
2019 |
|---|---|
Average payment period to suppliers |
23.20 |
Ratio of transactions paid |
23.33 |
Ratio of transactions pending payment |
16.93 |
In accordance with the Second Transitional Provision of Act 15/2010, the general maximum statutory period is 30 days, which may be extended to 60 days upon agreement of the parties.
