Financial statements

NOTE 17



BALANCES AND TRANSACTIONS WITH RELATED PARTIES

The balances at 31 December 2017 and the transactions carried out during the year with ANSEAC, S.A. are as follows:

BALANCES W/ ANSEAC 31/12/17
A) NON-CURRENT ASSETS
IV - Financial assets
IVa - Subsidiaries and associates
1 - Equity instruments 30.000
2 - Loans and receivables 205.912
B) CURRENT ASSETS
III - Current loans and receivables
2 - Loans and receivables in subsidiaries and associates 23.452
IV - Current financial investments
1 - Subsidiaries and associates 28.313
C) CURRENT LIABILITIES
V - Trade and other payables
2 - Subsidiaries and associates 72.902
TRANSACTIONS W/ ANSEAC 2017
I) OPERATING INCOME
Net sales revenue 40.246
Other operating income 63.166
II) OPERATING EXPENSES
Other operating expenses
c) Independent professional services (-)396.153
III) FINANCIAL INCOME
b) From other financial assets 5.933

The balances at 31 December 2017 with the government of Andorra relate to the government debt securities the Company has subscribed and the bill for telecommunications services for December, still to be paid.

BALANCES W/ GOVERNMENT OF ANDORRA 31/12/17
A) NON-CURRENT ASSETS
IV - Financial assets
IVa - Subsidiaries and associates
2 - Loans and receivables 38.965.037
B) CURRENT ASSETS
III - Current loans and receivables
2 - Loans and receivables in subsidiaries and associates 205.788
IV - Current financial investments
1 - Subsidiaries and associates 7.725.829

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

TRANSACTIONS W/ GOVERNMENT OF ANDORRA 2017
I) OPERATING INCOME
Net sales revenue 2.256.263
II) OPERATING EXPENSES
Other operating expenses
h) Other external services (-)176.037
III) FINANCIAL INCOME
b) From other financial assets 513.174
PAYMENT OF DIVIDENDS (-)25.856.774

The balances at 31 December 2017 and the transactions carried out during the year with AVATEL & WIKIKER are as follows:

BALANCES W/ AVATEL & WIKIKER S.L. 31/12/17
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 155.625
IV - Current financial investments
1 - Subsidiaries and associates
C) CURRENT LIABILITIES
V - Trade and other payables
2 - Subsidiaries and associates
TRANSACTIONS W/ AVATEL & WIKIKER S.L. 2017
I) OPERATING INCOME
Net sales revenue 155.625
II) OPERATING EXPENSES
Other operating expenses
h) Other external services
III) FINANCIAL INCOME
b) From other financial assets
PAYMENT OF DIVIDENDS