Financial statements

NOTE 17



BALANCES AND TRANSACTIONS WITH RELATED PARTIES

The balances at 31 December 2019 and the transactions carried out during the year with ANSEAC, S.A. are as follows:

BALANCES W/ ANSEAC 31/12/19
A) NON-CURRENT ASSETS
IV - Financial assets
IVa - Subsidiaries and associates
1 - Equity instruments 30.000
2 - Loans and receivables 159.049
3 - Dividends receivable
B) CURRENT ASSETS
III - Current loans and receivables
2 - Loans and receivables in subsidiaries and associates 7.558
IV - Current financial investments
1 - Subsidiaries and associates 28.541
C) CURRENT LIABILITIES
V - Trade and other payables
2 - Subsidiaries and associates 95.144
TRANSACTIONS W/ ANSEAC 2019
I) OPERATING INCOME
Net sales revenue 32.865
Other operating income 55.362
II) OPERATING EXPENSES
Other operating expenses
c) Independent professional services (-)364.433
III) FINANCIAL INCOME
b) From other financial assets 5.784
IV COBRAMENT DE DIVIDENDS 50.000

The balances at 31 December 2019 and the transactions carried out during the year with GOVERNMENT OF ANDORRA are as follows:

BALANCES W/ GOVERNMENT OF ANDORRA 31/12/19
A) NON-CURRENT ASSETS
IV - Financial assets
IVa - Subsidiaries and associates
2 - Loans and receivables 19.193.000
B) CURRENT ASSETS
III - Current loans and receivables
2 - Loans and receivables in subsidiaries and associates 169.963
IV - Current financial investments
1 - Subsidiaries and associates 24.522.918
C) CURRENT LIABILITIES
V - Trade creditors and other accounts payable
2 - Group companies and associates, creditors 27.661

The balances at 31 December 2019 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 2019
I) OPERATING INCOME
Net sales revenue 1.666.478
II) OPERATING EXPENSES
Other operating expenses
h) Other external services (-)35.328
III) FINANCIAL INCOME
b) From other financial assets 430.592
PAYMENT OF DIVIDENDS (-)27.000.000