17. Trade and other payables
The detail of this caption in the consolidated balance sheet in 2012 and 2011 is as follows:
|
|
31/01/13 | 31/01/12 |
|---|---|---|
| Trade payables | 2,240,095 | 1,838,088 |
| Personnel | 256,713 | 178,456 |
| Public entities | 545,007 | 353,570 |
| Other current payables | 201,466 | 105,026 |
| Total | 3,243,281 | 2,475,140 |
The following table shows the information on average payment periods required by Law 15/2012, of 5 July, amending Law 3/2004, of 29 December:
Amounts paid and payable at 31/01/2013
|
|
Thousands of euros | % |
|---|---|---|
| Paid in the maximum payment period | 2,258,024 | 98% |
| Remainder | 54,781 | 2% |
| Total payments made in the year | 2,312,805 | 100% |
| Weighted average period of late payment | 58 |
|
| Payments at year-end not made in the maximum payment period | 0 |
|
Amounts paid and payable at 31/01/2012
|
|
Thousands of euros | % |
|---|---|---|
| Paid in the maximum payment period | 1,923,139 | 95% |
| Remainder | 110,093 | 5% |
| Total payments made in the year | 2,033,232 | 100% |
| Weighted average period of late payment | 33 |
|
| Payments at year-end not made in the maximum payment period | 0 |
|
This information relates to and creditors of Group companies domiciled in Spain. The maximum payment period applicable to the Spanish Group companies in 2012 was 75 days, and has been 60 days since 1 January 2013.
In addition, it is the Group’s policy not to make payments if for any reason the quality of the goods or services is lower than expected or agreed upon once they have been received until the situation is rectified.
