Average period of payment to suppliers

Average period of payment to suppliers
19-12-2018

AmRest Group’s Spanish companies have implemented in their internal processes and payment schedules the provisions of Law 15/2010 of July 5, 2010 (amended by Law 31/2014) and Royal Decree - Law 4/2013 of June 4, 2013 (amending Law 3/2004), which establishes measures against late payment in commercial transactions. Engagement conditions with commercial suppliers in 2018 included payment periods of up to 60 days, according to the terms agreed between the parties.

In general, in the year ended December 31, 2020, payments to external suppliers were made within the legal limit of 60 days. The ratio of outstanding invoices increased in 2020 due to the fact that the payment of some intercompany invoices was postponed.

Below table presents the stand-alone data of AmRest Holdings SE:

 

2020 

2019 

 

 

Number of days: 

 

 

 

 

Average period of payment to suppliers

63

29

 

Ratio of payments 

34

32

 

Ratio of outstanding invoices 

120

19

 

Millions of EUR:  

 

 

 

Total payments 

6.3

5.1

 

Outstanding invoices 

3.2

1.7

 

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