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FINANCIAL STATEMENTS, MANAGEMENT AND CORPORATE GOVERNANCE REPORT.
2011
23.3The breakdownof “Change inOperatingProvisions” at the statement
of financial position date, which relates to the allowance for doubtful
debts, is as follows:
(Thousands of euros)
2011
2010
Charge for the year
4,671
3,679
Amounts used
(3,870)
(3,017)
Total
801
662
23.4 The breakdown of “Other expenses” in 2011 and 2010 is as follows:
2011
2010
Other expenses
231,853
164,452
Overprovisions
(3,884)
(10,749)
Total
227,969
153,703
Overprovisions mainly include the reversal of the provisions explained in Notes 16 and 18.
23.5 Services provided by the auditors
“Other operating expenses” in the accompany consolidated income statement includes the fees for the audit of the
Group’s financial statements in 2011, conducted by Ernst &Young, S.L., amounting to EUR 254 thousand and EUR 174
thousand in 2010.
The fees for other professional services provided exclusively to the Parent by the principal auditor amounted to EUR
99 thousand at 31 December 2011 corresponding to audit-related services (Eur 575 thousand at 31 December 2010).
23. 6 The breakdown of the Group’s net finance income in 2011 and 2010
is as follows:
(Thousands of euros)
2011
2010
Interest income
7,653
7,359
Less interest expenses
(4,222)
(3,907)
Total
3,431
3,452
Finance income arises mainly from the interest on loans to related parties and interest earned from banks.
Finance expenses arise from the interest on associates’ loans and the interest on credit facilities.