Interim Financial Statements
Average payment period to suppliers
Merlin Properties, SOCIMI, S.A. (“Merlin”), and its group companies, have adjusted their internal processes and payment time-periods to the provisions of legislation to combat late payment in commercial transactions. In this regard:
(i) the contract terms of commercial suppliers in 2014 have included payment periods equivalent to or less than 60 days;
(ii) In 2015, in accordance with our best estimates, the average payment period of Merlin and its group companies’ suppliers was 39 days.