v3.23.1
Related parties
 3 Months Ended
Mar. 31, 2023
Related parties [Abstract]  
Related parties
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 March 31, 2023 and December 31, 2022 are as follows:

 
At the end of
the period
 
 
Receivables
(current)
 
 
 
Receivables
(non-
current)
 
 
 
Payables
(current)
 
 
 
Payables
(non-
current)
 
Entities accounted for under the equity method:
 
 
  
$000
 
 
  
$000
 
 
  
$000
 
 
  
$000
 
Arroyo Netherland II B.V
2023
 
 
1,390
 
 
 
17,092
 
 
 
-
 
 
 
-
 
2022
 
 
1,097
 
 
 
17,006
 
 
 
-
 
 
 
-
 
Akuo Atlantica PMGD  Holding S.P.A
2023
 
 
-
 
 
 
2,674
 
 
 
-
 
 
 
-
 
2022
 
 
-
 
 
 
504
 
 
 
-
 
 
 
-
 
Colombian portfolio of renewable energy entities
2023
 
 
-
 
 
 
2,127
 
 
 
-
 
 
 
-
 
2022
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Other
2023
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
2022
 
 
127
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non controlling interest:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Algonquin
2023
 
 
94
 
 
 
-
 
 
 
5,926
 
 
 
-
 
2022
 
 
-
 
 
 
-
 
 
 
4,762
 
 
 
-
 
JGC Corporation
2023
 
 
-
 
 
 
-
 
 
 
-
 
 
 
5,831
 
2022
 
 
-
 
 
 
-
 
 
 
-
 
 
 
6,088
  
Other
2023
 
 
58
 
 
 
-
 
 
 
22
 
 
 
-
 
2022
 
 
-
 
 
 
-
 
 
 
21
 
 
 
-
 
                                   
Other related parties:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2023
 
 
1,312
 
 
 
-
 
 
 
-
 
 
 
-
 
Atlantica´s partner in Colombia (Note 7)
2022
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Total
2023
 
 
2,854
 
 
 
21,892
 
 
 
5,947
 
 
 
5,831
 
2022
 
 
1,224
 
 
 
17,511
 
 
 
4,783
 
 
 
6,088
  

Receivables with Arroyo Netherland II B.V, the holding company of Pemcorp SAPI de CV, Monterrey´s project entity (Note 7), correspond to the short and long term portion of the loan that was granted at acquisition date of the project and accrues an interest of Libor plus 6.31%.
Current payables primarily include the dividend to be paid by AYES Canada to Algonquin.
Non-current payables with JGC Corporation include a subordinated debt with Solacor 1 and Solacor 2 that accrues an interest of Euribor plus 2.5% and with maturity date in 2037.

Non-current receivables with Akuo Atlantica PMGD Holding S.P.A. include a loan that accrues a fixed interest of 8.75%.
Current receivables with the partner of the Company in Colombia include Atlantica´s pending purchase price payment to be received for the partial sale of its investment in the Colombian portfolio of renewable energy entities (Note 7).
The profit and loss impact of transactions carried out by entities included in these Consolidated Condensed Interim Financial Statements with related parties, for the three-month periods ended March 31, 2023 and 2022 have been as follows:

 
 
 
 
 
Financial income
 
 
Financial expense
 
Entities accounted for under the equity method:
 
  
 
 
 
  
$000
 
 
  
$000
 
Arroyo Netherland II B.V
 
 
2023
 
 
 
347
 
 
 
-
 
 
 
2022
 
 
 
382
 
 
 
-
 
Non controlling interest:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
2023
 
 
 
-
 
 
 
(79
)
 
 
2022
 
 
 
-
 
 
 
(120
)
Total
 
 
2023
 
 
 
347
 
 
 
(79
)
 
 
 
2022
 
 
 
382
 
 
 
(120
)