Financial instruments by category

12 Months Ended

Dec. 31, 2023

Financial instruments by category [Abstract]

Note 9.- Financial instruments by category

Financial instruments, in addition to financial assets included within Contracted concessional, PP&E and other intangible assets disclosed in Note 6, are primarily deposits, derivatives, trade and other receivables and loans. Financial instruments by category (current and non-current), reconciled with the statement of financial position as of December 31, 2023 and 2022 are as follows:

	Notes		Amortized cost		Fair value through other comprehensive income		Fair value through profit or loss		Balance as of December 31, 2023
Derivative assets		10		-		-		61,697		61,697
Investment in Ten West Link				-		11,719		-		11,719
Financial assets under IFRIC 12 (short-term portion) (*)				177,407		-		-		177,407
Trade and other receivables		12		286,483		-		-		286,483
Cash and cash equivalents		13		448,301		-		-		448,301
Other financial assets				74,645		-		-		74,645
Total financial assets				986,836		11,719		61,697		1,060,252

Corporate debt (**)		15		1,084,838		-		-		1,084,838
Project debt (**)		16		4,319,260		-		-		4,319,260
Lease liabilities (non-current portion)		17		82,366		-		-		82,366
Trade and other current liabilities		18		141,713		-		-		141,713
Derivative liabilities		10		-		-		29,957		29,957
Total financial liabilities				5,628,177		-		29,957		5,658,134

	Notes		Amortized cost		Fair value through other comprehensive income		Fair value through profit or loss		Balance as of December 31, 2022
Derivative assets		10		-		-		97,381		97,381
Investment in Ten West Link				-		15,959		-		15,959
Financial assets under IFRIC 12 (short-term portion) (*)				186,841		-		-		186,841
Trade and other receivables		12		200,334		-		-		200,334
Cash and cash equivalents		13		600,990		-		-		600,990
Other financial assets				71,949		-		-		71,949
Total financial assets				1,060,114		15,959		97,381		1,173,454

Corporate debt (**)		15		1,017,200		-		-		1,017,200
Project debt (**)		16		4,553,052		-		-		4,553,052
Lease liabilities (non-current portion)		17		63,076		-		-		63,076
Trade and other current liabilities		18		140,230		-		-		140,230
Derivative liabilities		10		-		-		16,847		16,847
Total financial liabilities				5,773,558		-		16,847		5,790,405

(*) The long-term portion of Financial assets under IFRIC 12 is included within the line Contracted concessional, PP&E and other intangible assets (Note 6).

(**) The percentage of Corporate and Project debt at fixed interest or hedged is 94% and 92% respectively as of December 31, 2023 (96% and 92% respectively as of December 31, 2022).

Other financial assets as of December 31, 2023 and December 31, 2022 include, among others, loans to entities accounted for under the equity method in these Consolidated Financial Statements (Note 11) and restricted cash for repairs or scheduled major maintenance work.

Investment in Ten West Link is a 12.5% interest in a 114-mile transmission line in the U.S., currently under construction.