Financial statements

NOTE 17



BALANCES AND TRANSACTIONS WITH RELATED PARTIES

The balances at 31 December 2018 and the transactions carried out during the year with ANSEAC, S.A. are as follows:

BALANCES W/ ANSEAC 31/12/18
A) NON-CURRENT ASSETS
IV - Financial assets
IVa - Subsidiaries and associates
1 - Equity instruments 30.000
2 - Loans and receivables 182.838
B) CURRENT ASSETS
III - Current loans and receivables
2 - Loans and receivables in subsidiaries and associates 27.985
IV - Current financial investments
1 - Subsidiaries and associates 28.426
C) CURRENT LIABILITIES
V - Trade and other payables
2 - Subsidiaries and associates 58.273
TRANSACTIONS W/ ANSEAC 2018
I) OPERATING INCOME
Net sales revenue 36.304
Other operating income 73.852
II) OPERATING EXPENSES
Other operating expenses
c) Independent professional services (-)371.084
III) FINANCIAL INCOME
b) From other financial assets 6.495
IV COBRAMENT DE DIVIDENDS 70.000

The balances at 31 December 2018 and the transactions carried out during the year with GOVERNMENT OF ANDORRA are as follows:

BALANCES W/ GOVERNMENT OF ANDORRA 31/12/18
A) NON-CURRENT ASSETS
IV - Financial assets
IVa - Subsidiaries and associates
2 - Loans and receivables 3.691.868
B) CURRENT ASSETS
III - Current loans and receivables
2 - Loans and receivables in subsidiaries and associates 420.049
IV - Current financial investments
1 - Subsidiaries and associates 42.591.301

The balances at 31 December 2018 with the government of Andorra relate to the government debt securities the Company has subscribed, the bill for telecommunications services for December, and other invoiced services still to be paid.

The transactions carried out during the year with the Government of Andorra are as follows:

TRANSACTIONS W/ GOVERNMENT OF ANDORRA 2018
I) OPERATING INCOME
Net sales revenue 1.557.868
II) OPERATING EXPENSES
Other operating expenses
h) Other external services (-)171.758
III) FINANCIAL INCOME
b) From other financial assets 432.087
PAYMENT OF DIVIDENDS (-)27.004.258

The balances at 31 December 2018 and the transactions carried out during the year with AVATEL & WIKIKER TELECOM S.L. are as follows:

BALANCES W/ AVATEL & WIKIKER S.L. 31/12/18
A) NON-CURRENT ASSETS
IV - Financial assets
IVa - Subsidiaries and associates
1 - Equity instruments 16.488.373
2 - Loans and receivables
B) CURRENT ASSETS
III - Current loans and receivables
2 - Loans and receivables in subsidiaries and associates 310.455
IV - Current financial investments
1 - Subsidiaries and associates 510.176
C) CURRENT LIABILITIES
V - Trade and other payables
2 - Subsidiaries and associates
TRANSACTIONS W/ AVATEL & WIKIKER S.L. 2018
I) OPERATING INCOME
Net sales revenue 596.323
II) OPERATING EXPENSES
Other operating expenses
h) Other external services
III) FINANCIAL INCOME
b) From other financial assets 10.176

The amount recorded under Current financial investments includes a short-term loan to AVATEL & WIKIKER TELECOM SL of 500,000 euros, together with the interest accrued to the end of the reporting period and other related revenues (see note 10).