Financial statements

NOTE 10



CURRENT FINANCIAL INVESTMENTS

Details of this heading in the balance sheet at 31 December 2017 are as follows:

CURRENT FINANCIAL INVESTMENTS (euros) 01/01/2017 Additions Disposals Transfers 31/12/2017
SHORT-TERM FINANCIAL INVESTMENTS
Short-term deposits at financial institutions 112.653.695 88.790.651 (-)108.282.389 0 93.161.956
Short-term deposits at financial institutions 112.481.941 88.670.405 (-)108.157.244 0 92.995.102
Short-term deposits (interest accrued and not paid) 171.753 120.245 (-)125.145 0 166.854
Current public sector debt, Government of Andorra 23.258.646 1.770.566 (-)23.677.677 6.374.293 7.725.829
Public sector debt (acquisition cost) 23.135.386 1.283.654 (-)23.135.386 6.313.454 7.597.108
Public sector debt (interest accrued and not paid) 123.261 486.913 (-)542.292 60.839 128.721
Current deposits and guarantees given 3.394 0 (-)3.394 0 0
Other financial assets 28.205 5.933 (-)28.205 22.380 28.313
TOTAL CURRENT FINANCIAL INVESTMENTS 135.943.939 90.567.150 (-)131.991.665 6.396.674 100.916.098

Term deposits

Term deposits comprise a number of deposits with Andorran banks.

Current public debt

The value and main conditions applicable to the issues are detailed below:

Issue Cash amount subscribed Maturity Annual return Interest accrued and not paid Valuation 31/12/2016
Issue 24-month bonds 13/04/2016 6.313.454 13/04/18 1,00% 108.642 6.422.096
Issue 12-month bonds 17/10/2017 1.283.654 17/10/18 0,65% 1.710 1.285.364
TOTAL INVESTMENTS 7.597.108 110.352 7.707.460

The interest accrued on the five-year bonds issued on 29 May 2017 amounting to 10,522 euros and on the three-year bonds issued on 19 December 2016 amounting to 7,847 euros is also classified as a current asset as it falls due in May and December 2018, respectively. This interest is recorded under Public sector debt (interest accrued and not paid).


Other financial assets

The amount recorded under this heading corresponds to the first instalment, payable on 1 March 2018, under the long-term loan to the investee ANSEAC, S.A. and the interest earned in 2017.