AVERAGE PERIOD OF PAYMENT TO SUPPLIERS

The entry into force of Law 31/2014, of December 3 amending the Law 15/2010 of July 5, which in turn amended the Law 3/2004 of 29 December, by which establishes measures on combating late payment in commercial transactions, establishes the obligation for corporations to publish in the notes to the financial statements information and on its website expressly their average payment period to suppliers.

In connection with this information obligation, to December 31, 2016, the average period of payment to suppliers is 34 days.