v3.23.2
Related parties
 6 Months Ended
Jun. 30, 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 June 30, 2023 and December 31, 2022 are as follows:

 
  
 
Receivables
(current)
 
 
Receivables
(non-
current)
 
 
Payables
(current)
 
 
Payables
(non-
current)
 
Entities accounted for under the equity method:
 
 
($ in thousands)
 
 
2023
 
 
5,009
 
 
 
-
 
 
 
-
 
 
 
-
 
Amherst Island Partnership
2022
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Arroyo Netherland II B.V
2023
 
 
2,203
 
 
 
17,006
 
 
 
-
 
 
 
-
 
2022
 
 
1,097
 
 
 
17,006
 
 
 
-
 
 
 
-
 
 
Akuo Atlantica PMGD  Holding S.P.A
2023
 
 
-
 
 
 
8,147
 
 
 
-
 
 
 
-
 
2022
 
 
-
 
 
 
504
 
 
 
-
 
 
 
-
 
 
Colombian portfolio of renewable energy entities
2023
 
 
59
 
 
 
8,937
 
 
 
22
 
 
 
102
 
2022
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
Other
2023
 
 
-
 
 
 
154
 
 
 
-
 
 
 
-
 
2022
 
 
127
 
 
 
-
 
 
 
-
 
 
 
-
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non controlling interest:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Algonquin
2023
 
 
12
 
 
 
-
 
 
 
4,850
 
 
 
-
 
2022
 
 
-
 
 
 
-
 
 
 
4,762
 
 
 
-
 
 
JGC Corporation
2023
 
 
-
 
 
 
-
 
 
 
-
 
 
 
4,792
 
2022
 
 
-
 
 
 
-
 
 
 
-
 
 
 
6,088
 
 
2023
 
 
-
 
 
 
-
 
 
 
6,522
 
 
 
-
 
Algerian Energy Company, SPA
2022
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
Other
2023
 
 
40
 
 
 
-
 
 
 
34
 
 
 
10
 
2022
 
 
-
 
 
 
-
 
 
 
21
 
 
 
-
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other related parties:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2023
 
 
918
 
 
 
-
 
 
 
-
 
 
 
-
 
Atlantica´s partner in Colombia (Note 7)
2022
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
Total
2023
 
 
8,241
 
 
 
34,244
 
 
 
11,428
 
 
 
4,904
 
2022
 
 
1,224
 
 
 
17,510
 
 
 
4,783
 
 
 
6,088
 

Current receivables with Amherst Island Partnership as of June 30, 2023 include a dividend to be collected by AYES Canada for $5.0 million.

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 with maturity date in 2027 that was granted at acquisition date of the project and accrues an interest of SOFR plus 6.31%.

Non-current receivables include a loan that accrues a fixed interest of 8.75% with Akuo Atlantica PMGD Holding S.P.A and a loan with the Colombian portfolio of renewable energy entities which accrues a fixed interest of 8%.

Current payables primarily include the dividend to be paid by AYES Canada to Algonquin and by Skikda and Tenes to Algerian Energy Company, SPA.
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.

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 six-month periods ended June 30, 2023 and 2022 have been as follows:

 
  
  
Financial
income
    
Financial
expense
  
Entities accounted for under the equity method:
 
  
($ in thousands)
  
Arroyo Netherland II B.V
2023
    
1,106
      
-
  
2022
    
676
      
-
  
Akuo Atlantica PMGD Holding
  2023     205       -  
 2022     -       -  
Non controlling interest:
 
                
 
                
Other  2023     7       (158 )
 2022     7       (126 )
Total
2023
    
1,318
      
(158
)
 
2022
    
683
      
(126
)