v3.23.3
Related parties
 9 Months Ended
Sep. 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 September 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)
 
Arroyo Netherland II B.V
2023
 
 
943
 
 
 
17,006
 
 
 
-
 
 
 
-
 
2022
 
 
1,097
 
 
 
17,006
 
 
 
-
 
 
 
-
 
 
Akuo Atlantica PMGD  Holding S.P.A
2023
 
 
38
 
 
 
8,364
 
 
 
-
 
 
 
-
 
2022
 
 
-
 
 
 
504
 
 
 
-
 
 
 
-
 
 
Colombian portfolio of renewable energy entities
2023
 
 
-
 
 
 
11,515
 
 
 
23
 
 
 
-
 
2022
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
Other
2023
 
 
32
 
 
 
154
 
 
 
-
 
 
 
-
 
2022
 
 
127
 
 
 
-
 
 
 
-
 
 
 
-
 

Non controlling interest:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Algonquin
2023
 
 
38
 
 
 
-
 
 
 
-
 
 
 
-
 
2022
 
 
-
 
 
 
-
 
 
 
4,762
 
 
 
-
 
 
JGC Corporation
2023
 
 
-
 
 
 
-
 
 
 
-
 
 
 
4,737
 
2022
 
 
-
 
 
 
-
 
 
 
-
 
 
 
6,088
 
 
Algerian Energy Company, SPA
2023
 
 
-
 
 
 
-
 
 
 
3,389
 
 
 
-
 
2022
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
Other
2023
 
 
3
 
 
 
-
 
 
 
-
 
 
 
27
 
2022
 
 
-
 
 
 
-
 
 
 
21
 
 
 
-
 

Other related parties:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Atlantica´s partner in Colombia (Note 7)
2023
 
 
918
 
 
 
-
 
 
 
-
 
 
 
-
 
2022
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
Total
2023
 
 
1,972
 
 
 
37,039
 
 
 
3,412
 
 
 
4,764
 
2022
 
 
1,224
 
 
 
17,510
 
 
 
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 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 in which the Company has a 50% equity interest, which accrues a fixed interest of 8%.

Current payables as of September 30, 2023, primarily include the dividend to be paid by Tenes to Algerian Energy Company, SPA. Current payables as of December 31, 2022, primarily included 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.

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 nine-month periods ended September 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
    
1,346
      
-
  
2022
    
996
      
-
  
Akuo Atlantica PMGD Holding
  2023     403       -  
 2022     -       -  
Colombian portfolio of renewable energy entities
2023
    295       -  
2022
     -       -  
Non controlling interest:
 
                
 
                
Other  2023     -       (234 )
 2022     -       (143 )
Total
2023
    
2,044
      
(234
)
 
 2022    
996
      
(143
)