AMPER, SA and Subsidiaries Consolidated Financial Statements for ...

Provincial Appeal Court also ordered Cable Andino, S.A. to pay the costs of the appeal, stating that no
further appeal would be admitted against this Decision.
As a result of the initiation of possible precautionary measures by Cable Andino in Brazil, the Brazilian
office that is monitoring the issue informs that the possible rogatory letter has not been received in the
Brazilian Foreign Ministry, and if it did, the chances of the action succeeding would be remote.
Given the nature of the risks covered by these provisions, it is not possible to determine a reasonable
timescale for payment dates if there were to be any. Nevertheless, both the legal advisers of the Group
and its Administrators consider that the outcome of these proceedings and claims will not have a
significant effect on the consolidated financial statements for the years in which they are settled,
beyond those already recognised.
There is an arbitration claim filed against the Company by the former shareholders of one of the
companies acquired by Amper, corresponding to the discrepancies of the price variable established in
the purchase agreement. The Directors consider that the resolution of this claim will not have a
significant impact in the Consolidated Financial Statements of the Amper Group.
Information on the postponement of payments to suppliers. Third additional disposition. "Duty to
inform" of Act 15/2010 of 5 July 2010.
The information regarding the deferred payments to suppliers by the consolidated Spanish companies is
outlined below:
Payments made and payments pending by 31/12/11 (thousands of Euros): 31.12.11
Thousands of
Euros %
Within the legal maximum period 42,057 41%
Remaining 60,095 59%
Total payments for the financial year 102,152 100
PMPE * (days) of payments 42
Deferrals which exceed the statutory maximum period at the closing date 12,111
* Weighted Average Days Past Due
The outstanding balance under the "Trade payables and other accounts payable" heading at the end of
the 2010 financial year amounted to 10,796,000 Euros. In addition, it should be noted that the
aforementioned Act 15/2010 took effect on 5 July 2010 and consequently applies to the contracts
signed after this date. And taking into account the length of time which has elapsed from the signing, the
delivery of goods or services and the legal deadlines of valid payments within the transitional period of
implementation of the Act, it was found that there were no deferrals exceeding the maximum limits
established in the current legislation in the Company which stood out.
As prescribed in the second transitory provision of the ICAC (Institute of Accounting and Accounts
Auditing) Resolution of 29 December 2010, the comparative information for the 2010 financial year does
not include the breakdowns corresponding to the payments made in compliance with the legal
timetables established by Act 15/2010 or the Weighted Average Days Past Due by being the first
financial year in which the new disclosure requirements required by the aforementioned Act became
applicable.
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