v3.8.0.1

Investments carried under the equity method | 12 Months Ended
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Dec. 31, 2017
Investments carried under the equity method [Abstract] |
Investments carried under the equity method | Note 7.- Investments carried under the equity method The table below shows the breakdown and the movement of the investments held in associates for 2017 and 2016:
Investments in associates |  | 2017 |  |  | 2016 |
Initial balance |  |  | 55,009 |  |  |  | 56,181 |
Share of (loss)/profit |  |  | 5,351 |  |  |  | 6,646 |
Dividend distribution |  |  | (2,454 | ) |  |  | (3,954 | )
Equity distribution |  |  | (549 | ) |  |  | (3,099 | )
Currency translation differences |  |  | (1,573 | ) |  |  | (765 | )
Final balance |  |  | 55,784 |  |  |  | 55,009 |
There are no significant movement of the investments held in associates during the year 2017. The tables below show a breakdown of stand-alone amounts of assets, revenues and profit and loss as well as other information of interest for the years 2017 and 2016 for the associated companies:
Company |  | % Shares |  |  | Non- current assets |  |  | Current assets |  |  | Non- current liabilities |  |  | Current liabilities |  |  | Revenue |  |  | Operating profit/ (loss) |  |  | Net profit/ (loss) |  |  | Investment under the equity method |
Evacuación Valdecaballeros, S.L. |  |  | 57.16 |  |  |  | 21,306 |  |  |  | 841 |  |  |  | 373 |  |  |  | 451 |  |  |  | 298 |  |  |  | (708 | ) |  |  | (730 | ) |  |  | 9,175 |
Myah Bahr Honaine, S.P.A.(*) |  |  | 25.50 |  |  |  | 195,275 |  |  |  | 64,114 |  |  |  | 91,205 |  |  |  | 12,649 |  |  |  | 46,767 |  |  |  | 28,468 |  |  |  | 24,464 |  |  |  | 43,365 |
Pectonex, R.F. Proprietary Limited |  |  | 50.00 |  |  |  | 3,904 |  |  |  | - |  |  |  | - |  |  |  | 2 |  |  |  | - |  |  |  | (206 | ) |  |  | (206 | ) |  |  | 3,244 |
Evacuación Villanueva del Rey, S.L |  |  | 40.02 |  |  |  | 3,526 |  |  |  | 53 |  |  |  | 2,265 |  |  |  | 190 |  |  |  | - |  |  |  | 37 |  |  |  | - |  |  |  | - |
As of December 31, 2017 |  |  |  |  |  |  | 240,011 |  |  |  | 65,008 |  |  |  | 93,843 |  |  |  | 13,292 |  |  |  | 47,065 |  |  |  | 27,591 |  |  |  | 23,528 |  |  |  | 55,784 |
Company |  | % Shares |  |  | Non- current assets |  |  | Current assets |  |  | Non- current liabilities |  |  | Current liabilities |  |  | Revenue |  |  | Operating profit/ (loss) |  |  | Net profit/ (loss) |  |  | Investment under the equity method |
Evacuación Valdecaballeros, S.L. |  |  | 57.16 |  |  |  | 19,283 |  |  |  | 931 |  |  |  | 306 |  |  |  | 532 |  |  |  | 537 |  |  |  | (545 | ) |  |  | (565 | ) |  |  | 9,528 |
Myah Bahr Honaine, S.P.A.(*) |  |  | 25.50 |  |  |  | 202,150 |  |  |  | 67,120 |  |  |  | 104,704 |  |  |  | 14,158 |  |  |  | 52,770 |  |  |  | 34,247 |  |  |  | 29,990 |  |  |  | 42,056 |
Pectonex, R.F. Proprietary Limited |  |  | 50.00 |  |  |  | 3,730 |  |  |  | - |  |  |  | - |  |  |  | 1 |  |  |  | - |  |  |  | (187 | ) |  |  | (187 | ) |  |  | 3,425 |
Evacuación Villanueva del Rey, S.L |  |  | 40.02 |  |  |  | 3,251 |  |  |  | 17 |  |  |  | 2,118 |  |  |  | 142 |  |  |  | - |  |  |  | 31 |  |  |  | - |  |  |  | - |
As of December 31, 2016 |  |  |  |  |  |  | 228,684 |  |  |  | 68,068 |  |  |  | 107,128 |  |  |  | 14,833 |  |  |  | 53,307 |  |  |  | 33,546 |  |  |  | 29,238 |  |  |  | 55,009 |
The Company has no control over Evacuación Valdecaballeros, S.L. as all relevant decisions of this company require the approval of a minimum of shareholders accounting for more than 75% of the shares. None of the associated companies referred to above is a listed company. (*) Myah Bahr Honaine, S.P.A., the project entity, is 51% owned by Geida Tlemcen, S.L. which is accounted for using the equity method in these consolidated financial statements. Share of profit of Myah Bahr Honaine S.P.A. included in these consolidated financial statements amounts to $6,238 thousand in 2017 and $7,647 thousand in 2016.

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- Definition The disclosure of investments accounted for using the equity method. [Refer: Investments accounted for using equity method] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2016-01-13 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2016-03-30&anchor=para_10_e&doctype=Standard -URIDate 2016-03-31 + Details
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