Average Payment Period to Suppliers

The average payment period to suppliers as of the 31st December 2020 was 40 days (43 days in 2019). The average payment period, required by the final provision two of Law 31/2014 of December 3, 2014, was calculated in accordance with the related resolution issued by the Spanish Audit and Accounting Institute (ICAC) on January 29, 2016, regarding the information to be disclosed in the financial statement notes in relation to the average term of payment to trade suppliers.