Related parties

6 Months Ended

Jun. 30, 2022

Note 11. - Related parties

The related parties of the Company are primarily Algonquin Power & Utilities Corp. (“Algonquin”) and its subsidiaries, non-controlling interests (Note 13), entities accounted for under the equity method (Note 7), as well as the Directors and the Senior Management of the Company.

Details of balances with related parties as of June 30, 2022 and December 31, 2021 are as follows:

	Balance as of June 30,		Balance as of December 31,
	($ in thousands)
	2022		2021

Credit receivables (current)		9,065		19,387
Credit receivables (non-current)		17,006		15,768
Total receivables from related parties		26,071		35,155

Credit payables (current)		11,406		9,494
Credit payables (non-current)		-		5
Total payables to related parties		11,406		9,499

Current credit receivables as of June 30, 2022 primarily include a dividend to be collected from Amherst Island Partnership for $5.5 million ($6.3 million as of December 31, 2021). Current credit receivables as of December 31, 2021 included the short-term portion of the loan to Arroyo Netherland II B.V., the holding company of Pemcorp SAPI de CV., Monterrey´s project entity (Note 7), of which $8.2 million was collected in the first quarter of 2022.

Non-current credit receivables as of June 30, 2022 and December 31, 2021 correspond to the long-term portion of the loan to Arroyo Netherland II B.V.

Current credit payables primarily include the dividend to be paid by AYES Canada to Algonquin for $5.4 million as of June 30, 2022 ($6.1 million as of December 31, 2021).

The transactions carried out by entities included in these Consolidated Condensed Interim Financial Statements with related parties, for the six-month periods ended June 30, 2022 and 2021 have been as follows:

	For the six-month period ended June 30,
	2022			2021
	($ in thousands)
Financial income		682			1,029
Financial expenses		(126	)		(62	)